||EPS - Basic
||Market Cap (m)
Real-Time news about Acm Ship (London Stock Exchange): 0 recent articles
|dyoryolo: ACM in Allenby Capitals "Super 12" stocks - companies that not only pay a high dividend but they believe also offer upside share price potential... rather a interesting read and can be found here:
|this_is_me: It totally undervalues the company and takes advantage of the low share price. The management are, however not likely to care about the cash price since they want to lock in the management by insisting that they take shares in the private company making the effer.
I sent an e-mail to Ian Hartley, Finance Director ( [email protected].co.uk )saying that I would not accept less than 250p|
|philo124: Results on the 28th; i expect the share price to significantly recover.|
|labatie: I agree and have topped up.
So do Edison who've produced an update raising 2010 eps estimate to 26.9p.
"ACM's share price has drifted in recent weeks, reflecting a lack of interest across the sector. ACM is a cash generative, highly focused business, which has consistently delivered organic underlying growth in almost every year since its incorporation. The strategy for the next stage of growth is emerging, with more news planned during the course of 2010. The share price fails to recognise the potential
Ahead of expectations
Group trading in the year to March 2010 is ahead of management expectations. At
the time of the interim statement, it was clear that the terms of trade had deteriorated and a downturn in profits was inevitable. However, the number of spot fixtures has continued to rise and there was a better than budgeted throughput in the Sale & Purchase operation. We have adjusted our 2009/10 target accordingly.
Conditions remain challenging
While there are early signs of global recovery, especially in the Far East, it is too early to start lifting our medium-term targets. The core brokerage business shows every sign of again lifting the number of fixtures, but we cannot yet be confident that the momentum in Sale & Purchase can be sustained. Nevertheless, we remain optimistic of sustained underlying growth over the medium term.
Still generating cash
The group continues to generate cash. With little requirement for working capital and fixed assets, the majority of earnings are available for investment. Early payment of employee bonuses suggests that year end cash balances will be below earlier targets at around £4.5m.
Valuation: Sector misunderstood
The shipbroking sector appears undervalued, reflecting fears about the shipping
cycle, rather than the secure cash-generative nature of the businesses. ACM's main asset is largely its team, which continues to deliver strongly in a tough market. The stock trades at a discount to its peers, although we believe the quality of earnings justifies a premium rating."|
|cornishman33: I am also waiting for the big jump. Great results yesterday so the share price fell. I have bought some more today.|
|ged5: Moving on very little volume so perhapsit is outside influences. I did confess my ignorance to shipping early on in the thread. How does the BDI affect the share price please. What is it a measure of?
Thanks for the info on GPRT. Unfortunately(?) I was in France last week, blistfully ignorant of all the markets and away from computers. Hope you continue doing well there.|
ACM Shipping share price data is direct from the London Stock Exchange