Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
That depends on how speedy your ISA/SIPP provider is with processing dividends and crediting to your account.
RNS dated 28th June ''below 4%'' RNS dated 9th March ''below 3%''
Post is not mine, but one I thought was excellent, on Stockopedia and deserved a posting on here.
My thoughts on SPRP I attended a question and answer session with the management last night. The main points: A lot of detail on the nature of the battery failure issue but importantly I was reassured that they have been conservative in their provisioning for future claims. Clearly they cannot guarantee 100% that they will not have to top up the warranty provision but I think they have built in a lot of slack. It sounds like they handled the situation with customers well; they were pro-active in explaining the problem and feedback has been good. Going forward, they will update at each results the returns they are experiencing under the warranty, against their expectations. They do have some redress against the battery supplier but only for the cost of the battery and not the whole unit. The battery is typically 15% of the cost. The supplier, is clearly being cooperative as I guess it would like to receive future orders! The downgrade to 2016 forecasts was principally due to its German distributor postponing its orders until the battery issue was sorted out. Sprue is now using a higher spec Panasonic battery in its alarms destined for Germany. It competitors in Germany use Panasonic batteries. German certification will hopefully be given next week, 4th May and the products will then ship towards the end of June for sales in H2 2016 and beyond. Germany should provide significant growth in the coming years driven by new legislation in Rhineland next year and Bavaria the following. After that we come to the 10-year anniversary of first sales in Germany, which should see a decent replacement cycle kicking in. The company is confident about prospects but has taken a cautious and conservative view on provisions for the battery problem and sales in 2016, 2017 and 2018. The Executive Chairman Graham Whitworth; “there is only one profit warning”, “we need to deliver, deliver, deliver” and “we don’t want to over-promise”. Brokers forecasts, which I believe they are happy with, are for earnings per share of 11.2p in 2017, rising to 12.9p in 2018 with a dividend of 8.0p in 2016, 9.0p in 2017 and 10.0p in 2018. These I think should all be seen in context of the preceding point about the company being conservative in its forecasts. It’s worth noting that its own forecast for H2 2016 of £3.8m is above the H2 2015 result of £3.1m Conclusion: I take my hat off to management for fronting up to shareholders, being open about the problem and I also rather liked the apology to shareholders in Tuesday’s results statement; you don’t often see that sort of thing. I guess the healthy attitude is fostered by the fact that our interests are aligned; management hold a lot of shares in the company, (Graham Whitworth, Exec Ch. 7.3%, and Nicholas Rutter, Managing Director, 6.5%) and will be desperately keen to see the share price recover. I think this is a one-off problem, it has been han
As others have commented elsewhere, I thought the tone of today's results summary was correct in the circumstances. No further shocks or surprises following on from last week's trading update & pleasing to see that the dividend was maintained at 8p for the year. At the current shareprice this provides a annual dividend yield of 6.3%. I was delighted that ShareSoc & Sprue have arranged a meeting for Private Investors tomorrow evening. Paul Scott sums the position correctly - IMHO - via his excellent daily STOCKO blog, "This seems an excellent idea. Well done to ShareSoc in taking the initiative. Well done also to SPRP management for being prepared to face private investors, and answer questions, so soon after a major profit warning. I'd like to see more such meetings, and maybe webcasts too, when difficulties arise at any company. I often complain about the lack of specific information available to private investors, especially when there are problems at a company. SPRP is a very good example of how the bad news was actually handled very well - the company published specific guidance on its revised profit expectations, and has agreed to meet private investors to answer questions. ALL COMPANIES SHOULD DO THIS. Vaguely worded profit warnings, with no figures, are just totally unacceptable, which sadly is the norm from most companies." --- I'd agree that the Sprue team are to be commended updating PI's at the ShareSoc event (this evening). Hopefully this will be the start in restoring investor confidence. In my post last week (post 1375) I commented on the low Enterprise Value of the company which has now fallen to c. £34m, with over £100m wiped from the market cap in recent weeks. Also mentioned that Sprue had their fair share of trials which they have battled through previously. I don't believe this setback over batteries will be any different and still believe most of the growth drivers previously placed in the header information stand. Sprue's management & employees will be doing all they can to address the situation and deliver on their ambitious growth plan. I've every confidence they will.
As others have commented elsewhere, I thought the tone of today's results summary was correct in the circumstances. No further shocks or surprises following on from last week's trading update & pleasing to see that the dividend was maintained at 8p for the year. At the current shareprice this provides a annual dividend yield of 6.3%. I was delighted that ShareSoc & Sprue have arranged a meeting for Private Investors tomorrow evening. Paul Scott sums the position correctly - IMHO - via his excellent daily STOCKO blog, "This seems an excellent idea. Well done to ShareSoc in taking the initiative. Well done also to SPRP management for being prepared to face private investors, and answer questions, so soon after a major profit warning. I'd like to see more such meetings, and maybe webcasts too, when difficulties arise at any company. I often complain about the lack of specific information available to private investors, especially when there are problems at a company. SPRP is a very good example of how the bad news was actually handled very well - the company published specific guidance on its revised profit expectations, and has agreed to meet private investors to answer questions. ALL COMPANIES SHOULD DO THIS. Vaguely worded profit warnings, with no figures, are just totally unacceptable, which sadly is the norm from most companies." --- I'd agree that the Sprue team are to be commended updating PI's at the ShareSoc event (this evening). Hopefully this will be the start in restoring investor confidence. In my post last week (post 1375) I commented on the low Enterprise Value of the company which has now fallen to c. £34m, with over £100m wiped from the market cap in recent weeks. Also mentioned that Sprue had their fair share of trials which they have battled through previously. I don't believe this setback over batteries will be any different and still believe most of the growth drivers previously placed in the header information stand. Sprue's management & employees will be doing all they can to address the situation and deliver on their ambitious growth plan. I've every confidence they will.
Personally I am avoiding consumer discretionary buys retail, auto, housing, commodities, banks, supermarkets etc. Fire safety equipment is an essential, very few would gamble their families lives by refusing to buy a smoke alarm and other life saving products and I like the legislative element. Therefore I regard SPRP as a good, long term investment with an excellent dividend. I see little point in diving in and out of oilies, commodities and retailers.
Personally I am avoiding consumer discretionary buys retail, auto, housing, commodities, banks, supermarkets etc. Fire safety equipment is an essential, very few would gamble their families lives by refusing to buy a smoke alarm and other life saving products and I like the legislative element. Therefore I regard SPRP as a good, long term investment with an excellent dividend. I see little point in diving in and out of oilies, commodities and retailers.
Many blue sky shares which promise rainbow profits in the future seldom deliver anything but perpetual losses. Sprue Aegis (LON:SPRP) is not one of them. Sprue Aegis will hopefully make a profit to end year in 2015 of 7 million, and next year a small profit after a first half loss. The company does have cash, pays a dividend and new products in the monitoring alarm maintenance for faults are on their way.. Buying a small holding now may be a less risky investment than one thinks. As always do your own research.
The very fact that no denial statement has been issued tells the experienced investor all they need to know. Having been involved in two other previous take over offers it is a case of sitting back now and waiting for further news on the offer price, these things take time but at this price ETO was always going to be a target, particularly in view of its recent successes. Also on the front page of the Financial Times http://www.ft.com/home/uk
News of a big merchandise launch this autumn in the USA for PJ Masks: Http://www.worldscreen.com/articles/display/2016-1-4-kid-eone-pjmasks-justplay-globalmastertoypartner "First Toy Line for eOne's PJ Masks By Joanna Padovano Published: January 4, 2016 LONDON: Entertainment One (eOne) has appointed Just Play as the global master toy partner for the popular preschool series PJ Masks, marking the brand's first toy collection. The line will include action figures, playsets, vehicles, plush, dress-up and role-play items. These products are slated to hit retail in the U.S. in fall 2016, followed by an international rollout next year. PJ Masks first began airing on Disney Channel and Disney Junior in the U.S. in September 2015. The book-based animated show follows three crime-fighting children who magically transform into superheroes when they put on their pajamas and activate their animal amulets. It premiered on France 5 last month and is due to debut on Disney Junior in the U.K., Italy, Spain and Germany early this year. etc" This reads well too: Http://www.licensing.biz/news/read/just-play-signs-as-global-master-toy-partner-for-eone-s-pj-masks/043164 "PJ Masks launched on Disney Channel and Disney Junior in the US in September 2015. Following its strong US debut, PJ Masks debuted on France 5 in December to very strong ratings and is set to roll-out on Disney Junior channels around the world from 2016 including the UK, Italy, Spain and Germany in Q1 2016."
I agree threeput I have just read exactly what you stated - well done for hitting the nail on the head
Markets are waiting for the above date, potential US interest rate rise. If that happens there will be a market plunge, hence the reason people sell on good news and sell on bad news, best to sit on cash and wait that out. You may not agree, but its not our personal thoughts that move markets.
Google Peppa Pig 18,427 hits. ETO is not just about Peppa Pig.
Someone got a nice bargain off the backs of the sellers and/or panickers yesterday - as per usual the small investor loses out by lack of patience.
Had ETO in 2011 but impatience won the day and I drifted away into AIM stocks - not a great experience but left the miners and oilies at the right time so swings and roundabouts. Looking back into 2009 and recession when consumers stayed at home and DOMINOS, SKYBSB etc. were the flavour of the month Im looking now to focus on stocks that will ride out any deflation/recession heading our way yet again. I have also purchased Poundland this morning. Put yourself into the shoes of the consumer as we drive the failure or success of world economies - if rates rise what can we cut back on and what can we treat ourselves to. The way I see it parents are likely to cut back on discretionary /luxury buys in favour of the kids getting what they want, and the huge popularity of Aldi as we cut back on the mainstream supermarkets. I think as consumers we have more of a handle of what is happening in the real world rather than suits in boardrooms.
Keep some powder dry for Worldpay IPO http://www.theguardian.com/business/2015/oct/02/worldpay-wins-backing-for-londons-largest-float-this-year. This will take buyers away from Opay and the word ''cheap'' is always attractive if other fundamentals are good.