Andrews Sykes Share Discussion Threads

[quepassa] 13/2/2014 09:04

Yup. I have mentioned several times the difficulty in getting hold of stock ( due to the very small free float and general lack of liquidity ). I didn't say the City was getting interested, I said the market was getting interested and there have been growing (albeit small) volumes of shares traded in last few days.
It is clear that investors are looking for companies whose services will be in high demand as a result of the floods.
For small shareholders, who can manage to grab some stock, the prospects in my view look encouraging, especially taking into account the stated dividend policy of ASY.
Buying low-liquidity shares in tightly held companies is not for everyone but generally means that the major shareholders are highly incentivised owners of the underlying business. And that's not a bad thing.

ALL IMO. DYOR.
QP

[keithfox] 13/2/2014 08:20

QP why do you say the city is starting to get interested? Thought the fact that only 10% of the stock is on the market put people off? They have never been recommended widely because of that fact. Re weather, the rain tomorrow is going to be heavier than its been all week with Somerset possibly getting 30mms or so.

[battlebus2] 12/2/2014 21:19

Great thanks for the link. Ignoble i remember your comments way back when i last held, should have listened to you then :))

[quepassa] 12/2/2014 20:03

link to blog mentioned above by keithfox:-




ALL IMO> DYOR.
QP

[ignoble] 12/2/2014 19:48

Hard to forget , LOL !

[keithfox] 12/2/2014 19:35

Just posted their first blog relating to the floods. All looking good re dehumidifers/dryers etc. Also seen quite a few of their pumps on TV. Thanks for reminding us about the cashpile Ig, still growing at £30k a day. Must remember that!

[ignoble] 12/2/2014 18:21

Tks QP ...

[opodio] 12/2/2014 18:21

RNWH also getting flood work

[quepassa] 12/2/2014 17:46

Good post.

Market beginning to take interest in Andrews Sykes given its sector and growth potential at a time of great demand for at least two of their product areas.

The growth of big-brother Agrekko over the last decade has been phenomenal and shows the potential in this sector for specialised rental equipment.

ALL IMO. DYOR.
QP

[ignoble] 12/2/2014 17:09

Aggreko trade on a 15 P.E. but not really comparable as they hire Power and are a FTSE 100 stock so many forces at play.
We are on a 14 P.E ...

Sykes is somewhat specialised I suppose ....and not forgetting that it has exposure in Europe and the Mid East. I assume that France, Belgium and the like are not without their climatic problems at the moment.

These extremes of weather are here to stay for the years ahead if you believe the media ....

Who knows their value ...365p today stating the ruddy obvious . I guess that their cash pile will continue to grow at a rate of knots so dividends may continue to be forthcoming .

I have no idea of the potential for the share price in the coming years but I have watched the Murray's other listed stock , LSC, go from 240p to £19 or or so

Hard to think of a reason to sell them at the moment ...

All IMHO and no advice intended etc.

[keithfox] 12/2/2014 14:51

You shouldn't have left! I bought my first lot in 1997 and have bought them for as little as 58p before now. Just a shame I havn't had more dough,but I've paid my mortgage off and bought a new car on the profits and still have quite a few shares. I have been wondering what a reasonable price for the shares might be. The 2013 results will be good although Nov/Dec were mild. However, they were confident enough to pay 2 divis, so the results will solid. So far in 2014 the pumps must be flying off the shelves. However, it's been very mild too, so perhaps the heating hasn't done so well, I just don't know. Hasn't felt mild and the pumps and driers etc should continue to do well for months so perhaps you are right, dont really know what sort of PE they should be on. Any ideas out there?

[battlebus2] 12/2/2014 14:02

Held these a few times but have bought back over the last few days, can't see these trading below £4 for very long given the demand for their pumps and with weather conditions getting worse if anything.

[godwin2] 12/2/2014 12:29

Thanks for that - reassuring!

g2

[quepassa] 12/2/2014 12:07

"Pump Hire" brings them up top of the list on my google searches.
They predominantly do commercial hire.

ALL IMO. DYOR.
QP

[godwin2] 12/2/2014 11:57

Just bought some, but disappointed to find that their pumps and dehumidifiers did not appear in my Google searches. Do they use retail outlets or sell direct? I will research further.

g2

[quepassa] 12/2/2014 09:40

Watching the TV last night, it seems that the flooding is not just a temporary problem but could last months. The water table is now so over-full that subterranean water is surging up through the ground and expected to get worse as more water seeps through from higher levels.

Whilst this is a disaster for households and businesses which are affected, it points to an exponential demand for ASY's dehumidication and pumping services.






ALL IMO DYOR.

QP

[quepassa] 11/2/2014 13:53

Pushing ahead again.

Looks like a dramatic start to the year in the domestic market for ASY who will be providing a necessary service to many desperate householders affected by the floods.

ALL IMO. DYOR.
QP

[quepassa] 11/2/2014 08:18

No offer in the stock today from my various brokers.
But they will bid you hard to get your stock.

ALL IMO. DYOR.
QP

[quepassa] 10/2/2014 21:44

Getting hold of the stock is the real challenge.

Buying slowly in small amounts seems to work. Executing larger trades in this tightly-held stock is tough.

ALL IMO. DYOR.
QP

[ignoble] 10/2/2014 21:37

Certainly significant to me !

[keithfox] 10/2/2014 16:42

I make 345p a new high? Which is meant to be significant according to some people.

[ignoble] 10/2/2014 16:32

Aye ,these extremes of weather have hopefully kept them busy in the UK.

[quepassa] 10/2/2014 16:18

Surprised these haven't gone up more since November.

Anyone in the pump and dehumidifier hire business in the UK will be flat out filling a very important (and lucrative) urgent need given the recent appalling wet weather.





ALL IMO. DYOR.

QP

[keithfox] 10/2/2014 08:07

As predicted, plenty more rain and it's colder now, so some snow. More rain this week but perhaps easing a bit next week. In uncarted territory re pumps etc but it must be helping asy no end. Would imagine driers and dehumidifiers will come into their own more over the next few months as the waters recede. All in all, very good for asy despite it turning out to be a mild winter. Mind you, with all this wind and rain I cant say I feel particularly warm this winter.