thoughts on TS20 Apr 2016 23:03
I've maintained on the whole, with obvious financial benefits, a v bullish stand on PLUS. On the downside, I am a little wary of cos who use EBITDA as a key indicator. It tell us what is not included in the Earnings figure, but there are other sizeable costs which are not inc in EBITDA, which can be the difference between being EBITDA v good and the co reporting massive losses. After saying that, the amount of cash paid out in divis is a great acid test on the strength of the stock, bearing in mind future performance may not be as good as past. No the metrics were not great in 1/4 1., and it is difficult to say, based on this info what the Margin will be on the impressive T/O. As long as there are no Director sells, I will add shares on any falls, since I believe we will get a v impressive interim divi again. I did reduce my position by 30odd% last week ( on a CFD) since I was taking a position on another share and wanted more available margin, but if price falls below £6, will be happy to add funds and buy more. I am still playing with profits made, which must be the name of the game.