Member Info for Walkley

Looking forward to results (Last year on 24 March) -Expect £80m profit which makes current market cap of £300m look on the low side!

Now ex interim dividend (2.2p) - Share price moving forward.

Excellent half year results - dividend up 2.2p (1.2p) over £200m cash.

Market cap - including new shares issued to Grosvenor will be £25m (at 1.34p) but will have £5m in the bank - £8m if further investment also received. Grosvenor are paying 1p a share so their holding already looking good. But what is realistic (and I mean realistic) market cap given that production starts 2023?

Assuming not a false dawn - cheers to those of us who have been here since Mercury Recycling days.

Hopefully will get noticed by the FOMO traders. Will be disappointed if no rns before tomorrow’s opening.

1.2p paid. Surely funds have arrived

Small trades, but no one wants to part with stock before funding news.

Dividends will be around 0.1p per share - Price has moved by 0.35 today. The ex dividend is not going to be noticeable

Am not a share holder but have been tempted to buy in the past. The Private Eye article is there and if you don't read others will .

Worth reading the article in todays Private Eye about the problems at Novacyt.

From todays RNS: We now expect Group underlying profit before tax for FY21 to be approximately £80.0m. Todays market cap £279m gives a P/E ratio of a ridiculous 3.5

Operating profit was £34.1m, up £27.6m on the £6.5m profit for the same period last year. Profit before tax was £34.0m compared with £6.3m for the same period last year. The tax charge of £7.5m represents an effective rate of 21.9%, which includes an increased charge for deferred taxation following the announcement of a future increase in corporation tax to 25%. Earnings per ordinary share were 133.5p compared with 25.6 p for the same period last year.

Stockopedia says:

" Earnings Yield compares a company's profit with its market valuation (worked out by dividing its operating profit by its enterprise value). It gives you a total value of the stock (including its cash and debt), which makes it easier to compare different stocks. As a percentage, the higher the Earnings Yield, the better value the share.

A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Galliford Try Holdings is currently 49.7%."

We may find out if Hedin have increased their holding further but perhaps should be asking why Odey are selling. Do they know that Hedin just intended to sit on a holding of 1 share below 30% as a blocker on anyone else taking control of Pendragon??

Happily Greatland Gold (GGP) has passed me by but why should it have a market cap of nearly £700m compared to Aliens £40m?

Well Hedin can buy another 7% - probably at under 20p from their existing cash - they are a private company and would need bank support to buy the rest - but Pendragon produced £114.8m cash from operations in the last HALF year alone ( OK £50m from working capital movements) - so should easily be bankable. Would need about £260m if at a 40% premium to current SP - so a payback in under two years excluding any savings from combining the two businesses (even Lord Hanson would buy at that payback!). A once in a lifetime opportunity beckons!

From the name assumed they were an investment company but they are a major European car retailer in Sweden Belgium, Norway and Switzerland. Pendragon would make a great fit. Bid on the way??

trading update and increases underlying profit before tax guidance for the full year to 31 December 2021 from approximately £55.0m - £60.0m to approximately £70.0m.

With a market cap of £250m that gives prospective PE of 3.6!! With 10/12ths of the year gone the guidance should be pretty good. A 1p dividend would cost £14m so a 1.5p dividend giving an 8% yield would not be out of the question.

At last the market seems to be appreciating Galliford. The latest acquisition should help but still undervalued (IMHO) without that. Now 195p (this time last year 76p)