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Just to summarise two points from the article:
FY20 the shares trade on a PE of 4.1x and offer a dividend yield of 9.1%.
and set our target price using a 13.0x multiple..........
Could be a mega year ahead
Positive results from Seres who are a direct competitor to DDDD
>>>https://t.co/f2IeuJxVOX?amp=1
I am not quite sure what to make of the news this morning - sale of a major part of their network / coverage which means less revenue BUT perhaps in UK/Eur margins are lower due to good mobile telecom and land based solutions - perhaps remaining network is higher margin and has more growth potential?
Money from sale being used to improve balance sheet and not for a special divi or similar......
I need to go back and work thorough the full results presentation for last year
Poor H1, looking forward to a stronger H2. Coking coal prices and demand seem to be the major issues - they expect both to improve in H2.......
Will continue to hold despite drop as dividend is good and they are diversifying more and more from coal
we have not had an update on production levels for a long time now...........well beyond the 3 months covered in the April update......wonder what the numbers are now per month? Did I miss an announcement?
So they managed to adapt to meet the changing demand requirements bought about suddenly by CV19 which is excellent -- I was worried about the operating theatre cleaning products where they actually make a high margin but they have managed.
Shows good management and flexible manufacturing / supply chain........all good for the future!
Great they are maintaining their divi policy but why not when you are making more money!
These results represent a major turn around for thus company - luckily Simon Thomson in IC alerted me to this company some time ago..........
The only issue I see that could cause issues is that Chinese distributor is major client and the relationship with China is not going well at the moment.....