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Looks like this has been pumped and dumped. Sub 70p now me thinks and lower. This has shot well over its fair value. Panamure - hold and price target 50p?
Just checked Panmure account, ref Thorntons. There is no price upgrade from them. It's still rated at 50p buy. You telling porkies MickTKipper?
Last three occasions this has risen, it has climbed for about three days (so far so good), stopped dead in its tracks on the fourth (as it did today) then drops by about 10% (over the following week). If it repeats this time, then it will probably level off around 53p to 54p. Advice: Take some profit!
And now for the retrace!
My sincere apologies.
Monday 3 December 10:44am: QueenElvis said "I am going to stay off this bb"................... So why are you still posting?????????
Return of the de-ramper....... There you are trash man. Just need Mr Underhill and Queenelvis now to complete the de-ramping trio. I think the slide back will finish at 39p. This is just a little tree shake!!!!!!!
Where did all the de-rampers go???????????? 50p toot, toot. Train is leaving the station!!!!!!
Whoooosh! Here we go. Lets see that 50p...... C'mon
Bought a load of shares last week. In profit already! Don't have a Thorntons near me:( Even so, they have THT chocs at my Tesco's. Gona give them a try , which one though? Do we have another institution on board here I wonder?
Misinformation: Misinformation is false or inaccurate information that is spread unintentionally. Disinformation: Disinformation is intentionally false or inaccurate information that is spread deliberately. I really did mean DISINFORMATION, since your post are generally misleading, factually inaccurate and blatantly false! Suggest you check your FACTS in future. Oh and by the way, you have previously tried to de-ramp this SP before each interim RNS. It has then rocketed 20% each time. Facts again dear boy!
The week's news that Emerson and Eaton Corporation of the US are rumoured to be interested in taking over £304 million market cap TT Electronics is no surprise. Catalyst recently issued an Industrial Electronics Sector Report highlighting strong demand across the sector, especially in sensors. We reported that US corporates were leading the international M&A drive as they looked for scale, technology and strong routes to market. TT Electronics has sales of £600 million. The core divisions of the group focus on electrical components (resistors, optoelectronics and micro circuits) and sensors (speed, temperature and pressure sensors) and TT has strong market positions across UK and EU automotive, other transportation, defence, industrial and medical markets. However it is currently operating at a 10% EBITDA margin which puts it very much in the bottom quartile against the Catalyst Industrial Electronics Peer Group Index average of 20.7% EBITDA. These margins are reflected in TT’s share price and ultimately its Enterprise Value which, even with the 12.75p jump in its share price on the take over rumours, means TT is trading at 5.6x EV/EBITDA. This makes TT very affordable for Emerson and Eaton who will easily be able to consolidate TT’s operations and support cross-selling of its products across the wider group. The Catalyst Industrial Electronics Report predicted that there would be further consolidation by the large US serial acquirors of smaller UK/EU players and there will doubtless be further deals during 2012.
Why January when the RNS is in Dec? You spreading disinformation again.... Then agin you've been wrong every time you post - it always does the opposite to what you say. Probably rocket now!
Nope.... Read it again, and it still doesn't make sense. For example, you say "for the first time in a good number of years the SP has been stagnant for 5/6 weeks". If you look at the graph, it was stagnant between end of May to July before a 30% jump. Then stagnant between end of Jul to beginning of sept before another 30% jump. It is now stagnant probably upto the Next RNS, with a possible 30% jump to come! Your comments about it being stagnant for the first time in a good number of years is simply wrong. Perhaps not the dark ages, but fantasy fiction for you, as your name suggests Mr Underhill!!!
What are you talking about! Have you not seen the 12 month graph on THT, or have you posted this message on the wrong BB? As for going each way, we should reflect on your previous posts, where you tried to deramp this share, only for the SP to go in the opposite direction (up) each time you tried!!!! As for breakout a rise from its low of 9p to 32p seems pretty conclusive to me, with breakouts corresponding to each RNS. More I think about , the more i am certain you must have accidentally posted here instead of the SAR board!
And now for the retrace. This is exactly what happened after the last three RNS by Thorntons. Look at 6 month chart.. If if falls like the rest, it should bottom at 25/26p!!!!!
Anybody think this is the start of a takeover. Some seriously big buys coming in at full asking price. Now that the numbers have been released, and are not as bad as expected. Rumours are rife in the old place!
You say "To me I have never owned a Thorton share, and never will"...... Why on earth would anyone who hasn't owned, or never will, waste their precious time researching and posting on this BB. Surely you must be interested in other shares, and would wish to research and discuss those on other BB? Very, very confused by your motive here.
If you look at the fundamentals (fact), instead of the trade papers (gossip), you will see that from the interims, revenue is up 8%, but underlying profit and margin are flat, even with the new franchise packages and new builds. So like-for-like there is very little difference between 2011 vs 2012 figures. You will also notice that net debt has got worse over 2012 by £18m. So on balance the 2012 figures are marginally worse than 2011. If you dig deeper, you will see that dividend payouts for 2011 were £33m, so carrying this forward, the company has funded 55% of this years dividend from debt - not the smartest move. 4 months after the dividend in 2011, MARS dropped below 84p (on marginally better fundamentals). In 2012 we have a raging Euro crisis, far worse than last year, which tends to suggest that 84p (or lower) could be reached again. The crisis could be as bad as 08/09, where MARS share price hit 78p!
If you look at the fundamentals (fact), instead of the trade papers (gossip), you will see that from the interims, revenue is up 8%, but underlying profit and margin are flat, even with the new franchise packages and new builds. So like-for-like there is very little difference between 2011 vs 2012 figures. You will also notice that net debt has got worse over 2012 by £18m. So on balance the 2012 figures are marginally worse than 2011. If you dig deeper, you will see that dividend payouts for 2011 were £33m, so carrying this forward, the company has funded 55% of this years dividend from debt - not the smartest move. 4 months after the dividend in 2011, MARS dropped below 84p (on marginally better fundamentals). In 2012 we have a raging Euro crisis, far worse than last year, which tends to suggest that 84p (or lower) could be reached again. The crisis could be as bad as 08/09, where MARS share price hit 78p!