Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
If you hire a French retail graduate and get him to do a report on the market in France. Open a tester shop in some French town or city and adapt some of the existing designs it need not cost a fortune. In fact you could close "Getting Personal" at use the money saved to finance the venture. If it works roll it out. If it doesn't close it. The upside potential must be bigger than the downside.
The business model is good. People like to receive cards and people like to keep loved ones happy. The government are causing problems for this type of business by increasing minimum wages. If "Getting Personal" isn't working it should be closed. I can't say I like the name. I know what it's meant to mean but also sounds like an insult. I like the expansion in Ireland. What's wrong with the rest of Europe? There are so many stores in the UK you have to feel they are taking business from each other. It's a cash cow that could be a growth stock.
I have no knowledge of a bid situation but I can see why it would be attractive. So you owe a retail business with outlets in Europe. If you buy it you pick up a valuable profitable business at a good price. However you get access to a massive range of designs and production facilities. You produce cards at low cost and market them through your existing outlets with a great profit margin. I can see why it would be attractive to the right buyer.
The price is very low and I know of no reason why it has fallen so much It should be a lot more stable than other companies in the sector. Most of the work is maintenance and repair and needs to be done to meet legal requirements. Might buy a few more.
Card is currently expanding into Ireland. There must be massive opportunities in Europe and the US. The marginal cost of producing cards is probably very low. The increase in living wage is hitting the bottom line hard. Volume is the key. There must still be massive opportunities out there.
The share price should fly once the Aberdeen project is completed on budget. Any new overrun would have the opposite effect. I suppose it depends on your risk profile. I think I'll just hold back and see what happens.
We'll it's the council who have the problem. They are the ones with an unfinished road.. The price negotiated with Carillion might be good or bad but Galliford have said no fixed price contracts which rules them out.
It's a couple of contracts that have gone spectacularly wrong. Why they have gone so wrong we will probably never know because if you are in a joint venture it doesn't pay to **** your partner off or criticise the client. What compounds the problem is Carillion going under and as a partner being jointly and severably liable. The underlying business seems to grow profits and revenues and it does have a.plan in place to increase the size of the business substantially. It has also said no more fixed price contracts. I believe government bodies will regret taking a hard line on these contracts going forward. The only thing that is spoiling it for me is the dilution. They need to rethink and stop the dividend and I'm in.
It was only to be expected that with Carillion out of the equation there would be costs over and above their share of the overrun. You need to get people in to do the work that Carillion would have done and they have overheads and need to make a profit. making it more expensive. Galliford got it wrong with the initial contract but it's difficult to be too critical about Carillion's collapse. However �150m is a a sizeable fund raising compared to the company's value and it is going to be diluting. It would have been better to have cancelled dividends for a while. It would have hit the share price hard but long term it would have had a better outcome. Not cancelling the dividend is their biggest mistake. Long term this should be a good investment Valuable lessons will be learned. Sometimes it's expensive to honour your obligations and do the right thing. The big problem is knowing if this is the end of the bad news on this nightmare contract and when is the right time to buy.