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Andrews Sykes Share Discussion Threads
Showing 1951 to 1974 of 1975 messages
|In fact looking back at this afternoons trades it appears that there were sales at 321 and a buy at 325 (also a 322.3 trade that i'm not sure about). You do though need to be patient and vigilant.|
|Get your point but you can currently get 334.7-317 electronically without even approaching a MM. Still too wide but there's virtually no free float.|
|With a bid offer spread of 9% (335-305) though they are uninvestable at the moment...|
|Considering the price now includes and 12p dividend the 17.5p rise was a bit underwhelming really. Would hope for more rises to come in the next few days/weeks. Hold on there biscuit, due to the relative illiquidity on these shares they tend to rerate in a very short period of time. Yopu need to be patient to make sure you are on board when they go.|
|I have held for a number of years and am underwater having bought at 348, but the yield has sweetened the pain. The minority treatment contrasts well with others like say BPM. A hot summer would help as already said.|
|They've posted their results in May for as long as I can remember and that's 1997. Not a problem with me. Yes, they are definitely reliant on the weather and they have produced these results without the help of their most important division, air conditioning sales and rental in the UK. An improvement there and the results will be even better, they just need more than 1 or 2 weeks of warm weather in the summer which is what they've been rationed to in the last 3 or 4 years.|
|Thanks for that dave. Paul's views largely coincide with mine and I'm even willing to allow a little latitude on the time taken to produce results as long as they are good!|
|I believe Paul doesn't post in ADVFN anymore? I think the BOO thread had something to do with that?
A shame because his analysis is ususally very sound.ASY of course is a very different proposition to BOO but they both sit very well in my portfolio for the foreseeable for very different reasons.
I agree with the general sentiment of a likely rise in stock price. Of course the divi is so tasty that an investment case can be made even without that.|
This is the commentary on the numbers today on the Stockopedia site by Paul Scott.
Andrews Sykes (LON:ASY)
Share price: 310p (up 4.2% today)
No. shares: 42.3m
Market cap: £131.1m
Results y/e 31 Dec 2015 - it's ridiculous to be releasing 2015 results in mid-May 2016. What on earth is the FD thinking? I used to get audited results out in 6-7 weeks of the year end, for a similar sized (albeit private) business, in the 1990s. So this is very sloppy, in my view.
Having said that, the figures look terrific. This is such a good business, it's just a cash machine - churning out large free cashflows every year. 2015 appears to have been a very good year, with EPS up to 25.6p (2014: 22.0p). So at just over 300p, the shares are currently on a modest PER of just over 12.
Note that nearly all earnings were paid out in dividends.
It has net cash of £14.6m, and the balance sheet is excellent.
Outlook comments sound cautiously optimistic:
The group continues to face challenges in all of its geographical markets but our business remains strong, cash generative and well developed, with positive net funds. The mild and wet weather in Europe experienced in the fourth quarter of 2015 continued into the first quarter of 2016, thereby presenting both opportunities and challenges. Our business in the Middle East continues to perform well but we are mindful of the current political and economic issues that surround the region. The board is therefore cautiously optimistic for further success in 2016, always being mindful of the favourable or adverse impact that the weather can have on our business.
There is some talk of investing in new products which are less weather-dependent, but I think it's best to regard ASY as a mature company, which is a terrific cash cow.
My opinion - this is a lovely business, and very reasonably-priced. So there's a good chance of a significant re-rating, in my view, up to perhaps 400p?
Bear in mind the unusual ownership structure, with only a small free float, which some investors don't like. Although the majority shareholder has looked after minorities well to date, with generous divis for example.|
Happy enough with these on a quick first glance. Would be nice to see a steadily improving price on the back of it though.|
|Yup, that makes good reading and the shares should see 350p in the coming few weeks. A hot summer would be nice though!|
|Good results all round. Well done ASY.
Thanks for maintaining dividend.
Encouraging outlook of cautious optimism.
Investing in new tech and growing the business.
ALL IMO. DYOR.
|Unusual to see £30k worth go through just before the results.....wonder if anything IS afoot?|
|LSC results were on time, so perhaps you're correct :-)|
|That was due to something to do with the pension fund and borrowing money if I remember rightly. Yes, they have until the end of June to post but I prefer boring old normality. Perhaps they are finalising takeover talks!|
|You have to go back to 2009 (when they were delayed until 17th June)|
|They normally announce first week of May, don't think I've ever seen them later than 6th May. Looks like next week now, perhaps he's in Barbados or Southend.|
|Aye ,cant be far away|
|Good chance of results this week i'd imagine.|
|Sometimes it's not too bad. but seems to be in a nervous pre-results phase at the moment. Results should be OK I'm thinking, but you never know.|
|Well I bought a tiny stake here...jeez how illiquid is this share, I bought less than 3000 shares in 4 slugs and the price popped. I like the company but gawd help anyone trying to sell in size.|
|Steep falls. Anyone got a take on why?|
|Only 2 market makers ...doesn't trade very often
Been that way for years
Used to be 3 some years ago but still had a wide quote|