1ST Dental Laboratories Share Discussion Threads

[troyzgod] 27/5/2008 19:36

Am I not right in thinking Director's declare all dealings?
C.R.I think you are wishing for something that is not going to happen.
This share has promised so much for so long and never delivered.
The board room has seen so many changes I expect it has a revolving door fitted.
And take a look at the Directors holdings......peanuts!

[cockneyrebel] 24/5/2008 13:34

Bet these are up on Tues, especially if that's a director buy.

CR

[cockneyrebel] 23/5/2008 16:26

A director buy? Exactly 2 months before the results so it might be

CR

[cockneyrebel] 23/5/2008 16:25

Well someone's just bought 100K at a 5% premium to the market @ 10.5p

CR

[muffinhead] 12/5/2008 22:54

just the messenger...lab is in Stourport and I am referring to the Bicon IAC. Not a rep CR but their technician. I was v surprised by the drop off in demand mentioned.

[troyzgod] 12/5/2008 19:37

Wrong, there is plenty of work about for the good technicians.
They have just all left 1st Dental!
The lab I work at can't cope with more work.
Looking in the dental magazines, there is plenty of jobs for good technicians, at the good labs.

[muffinhead] 12/5/2008 17:35

The Benchmark technician gave me a courtesy call about sending implant work. He advised that while he normally does 24 implants cases a month on one implant type from dentists around the UK, the last month he only did 5.

Consumer crunch I guess.

[cockneyrebel] 19/4/2008 17:09

I actually know the guy that owned the Chinnor branch before it was sold to Benchmark. I was doing design/printing for Chinnor branch up until a year ago.

What I actually like here is that the MD has gone after the last full year results, I like director changes. They have trimmed the board by promoting the FD and they have all been given decent size share options.

On top of that, investors are missing the performance in H2 imo and the pace of growth from H1 - H2. Debt fell from nearly £2m to just over £1m and cash outflow went from nearly £700K to just over £100K. I reckon the reduced interest charge and the greater cashflow alone will boost the coming year.

On Feb 12th, 1.2m shares were traded. At that point the rise in the shares stalled. Recently there has been 2 x 500K+ shares trades. I reckon those trades cleared the stock of that 1.2m or there was more to clear but it definitely cleared recently. Why does one or two people suddenly want that many shares when you rarely see any volume in this share?

The real kicker will come when investors see the interims imo. I reckon they could do 0.5p+ eps in H1. Investors will see:

2007 H1...EPS (.34p)
2008 H1...EPS 0.5p

That will wake them up.

CR

[spaceparallax] 19/4/2008 14:35

Hi CR,

The next results are likely to define progress from here i.e. whether they maintain the positive trend.

[cockneyrebel] 18/4/2008 11:31

Quiet here.

Think I might have moved the price this morning :-)

These lost 0.45p eps in H1. For the year they lost 0.11p.

That means they made 0.34p in H2. That's a 0.79p improvement over H1. They are forecast to do 1.2p eps this year and look well on course.

On that basis they look a buy to me.

Strange nobody here noticed the high volume on March 31 and April 9 - over half a million traded on each day - looks interesting.

CR

[spaceparallax] 18/3/2008 10:19

If anyone was able to attend the AGM, I'd be grateful for any feedback.

[spaceparallax] 01/2/2008 11:39

Looks like a few IC readers are buying.

[muffinhead] 26/1/2008 19:15

re results for year to 30 Nov 07...Turnover down £1 mill before Royston lab closure


? Down to £10 mill turnover after Royston. Also factor in further exceptional costs and goodwill writedowns for 08 accounts. I find it incredible that there has been no formal statement or mention about Royston.

E-teeth working with a major corporate is not what I want to see. Dream on that this will not cannibalise other nhs work produced in uk. I wish they spent the significant setup costs on marketing a quality uk product instead of employing 3 f/t staff to get marginal chinese work.


Where is the visibility for the crucial private side. KPIs should provide this.


With £1.5 mill falling due to creditors this year, there is no rush to punt this in 2008

[muffinhead] 26/1/2008 16:48

Taken fdt off my radar. It is too small and illiquid a share to trade.

The person who bought £9000 worth on 23rd, bought a bear market relief rally and gave a chance for even smaller punters to get out.

[adam7] 24/1/2008 09:35

Staff leaving here quite possibly.. But the production of its e-teeth
on line venture is being carried out in China - this is surely where the
management can grow the business. I for one remain cautiously optimistic
for the medium term.

[troyzgod] 23/1/2008 19:35

Sorry to burst a bubble here....but the results only show one side of things.
1 site was closed just befor Christmas, staff are leaving other sites within this company in droves. soon their won't be anyone left to do the work.
Seems to me there was too much squeezing last year. like the proverbial duck,
all looks good above the waterline....while below panic, panic, panic.

[spaceparallax] 23/1/2008 13:39

Agreed, solid results and a positive outlook. I'd be surprised if we sustain todays rise because of the current general gloom; however, it's nice to see after all this time.

Overall, we're almost operating profitably - no doubt will see an EPS rather than a LPS next results.

[nickcduk] 23/1/2008 11:54

I thought results were fine today. On the subject of a rubbish balance sheet etc it may be worth casting your mind back to OSH when it was 10p. It was a total mess back then with a tonne of debt and no tangible assets. It made a smart recovery once the NHS issues were resolved and then went onto 8 bag. Not expecting anything similar here but just highlighting the potential once a turnaround begins.

[hamidahamida] 23/1/2008 11:05

1ST Dental Laborator UK smallcap opening - Ist Dental climbs as FY profits recover

LONDON (Thomson Financial) - 1st Dental Laboratories climbed 1-3/4 pence to
10-1/4 following full-year results which showed a good recovery.

In response, Seymour Pierce cranked up its recomendation to 'buy' from
'outperform', saying it expects its new online venture, e-teeth, to move into
modest profit. It is increasing its 2008 profit forecast to 500,000 stg from
400,000 stg and EPS to 1.2 pence from 1.0.

[e-mail]
fjb/jlw

[hamidahamida] 23/1/2008 09:52

1ST Dental Laborator UK smallcap opening - Ist Dental climbs as FY profits recover




LONDON (Thomson Financial) - 1st Dental Laboratories climbed 1-3/4 pence to
10-1/4 following full-year results which showed a good recovery.

In response, Seymour Pierce cranked up its recomendation to 'buy' from
'outperform', saying it expects its new online venture, e-teeth, to move into
modest profit. It is increasing its 2008 profit forecast to 500,000 stg from
400,000 stg and EPS to 1.2 pence from 1.0.

[pugugly] 23/1/2008 09:05

Only £12.5K of buying puses price up 23% - Still loss making at bottom line - Most of assets are goodwill - Need to see real profit - (imo & dyor)

[powwow] 23/1/2008 09:01

does any long holder see what the fair value might be for these ?

[hamidahamida] 23/1/2008 08:46

Things look back on track good recovery stock margins on the up

.................
The disruption that was experienced with our NHS client base from April 2006
with the changes in the primary care trust contracts does eventually seem to
have concluded and now good solid order flows are being experienced. This is
very encouraging news.

We have also established national contracts with some of the major dentist
corporate groups for domestic supply which show much promise for organic growth
through our existing asset base.

We have also started to see the benefit of our new venture e-teeth, providing an
on-line purchasing facility at competitive prices for dentists on selected
product lines. Sales have grown at a pace with increases in sales over the last
4 months to our year end of 43%, 57%, 29% and 24% respectively. While these
sales numbers are still relatively small they have overtaken that of our
smallest laboratory. We can report further progress in achieving e-teeth sales
to major corporate dentist groups and many independent practices. It would
appear that presently, none of this discounted business has cannibalised our
existing domestic sales. The Group's performance being reported includes the
absorption of costs totalling £222k for the setting up and running costs of
e-teeth.

We are also seeing good cash generation and an opportunity to reduce our net
debt further in 2008 from the progress made in 2007 which equates to a 41%
decrease in net debt in 2 years.

We can see very real and solid progress during 2007 and see no reason why this
cannot continue throughout 2008. Our market place especially seems to have
settled during the second half of 2007 with a great deal of activity and
progress being made by the dental corporate groups which is having a direct
positive impact on the laboratory market.

Through the commitment and hard work of all the management and staff, the
progress made in 2007 stands as a sound foundation for further improvement in
2008. This gives the Group the opportunity to benefit from further domestic
organic growth, growth from our e-teeth export business, along with the
potential of further acquisition possibilities in due course.