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Anpario Share Discussion Threads
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|Still going up I see, possible takeover???|
|That's true of course, but an approx. 20% rise in the past 4/6 weeks looks encouraging!|
|However still 17% down on year|
|Certainly going northwards for a change|
|Yes, wondered if the exchange rate would benefit sales. A sustained drop in sterling over a long period of time, say 1 or 2 years, could make a substantial difference.
We shall see.|
|Aye...nice little rise of late|
|Looks like the falling pound is helping sales here.....fingers crossed.|
|Funny ol game this........I can only see 4 trades this am...... 2000 buy 5000 sell at 8am this am..... then a 770 buy and a 6 buy...... share price has been sitting level all am....... then out of nowhere drops 4p...... some funny goings on IMO|
|spekky yes an after hours Friday RNS does raise suspicions and they would have raised less suspicions if it came out on a Monday morning at 7.
I see number of issued shares goes up from 22.8m to 23m and also note that at year end the Employees Trust held 8.5% of the shares.
Seems generous but needs more scrutiny but judging from the way he came across at the AGM, the Chairman did not give the impression of someone who would over pay|
|Sneaky after hours rns, are they trying to imitate bankers?|
|On a different point, anyone got any comment on the link up with eco animal health subsidiary in the states? Another peter lawrence company doing very well, market cap well over £300million. It seems they think there is a product 'fit' here.|
|I agree with that. But the question is where is the cash going? We need to know the story behind the numbers to get any clear idea whether this is a one off situation or likely to be ongoing. If it's a one off then a return to growth is imminent, if it's ongoing then it isn't.|
|I personally think that it is quite a poor performance, given the amount of earnings they retain. Warren Buffet uses this as a measure of real growth and I think it holds true. They are retaining the vast majority of the earnings and hardly growing at all.|
|Gets a rather neutral mention the Daily Mail to-day|
|I rather agree with you tailgunner2, that the share price drop has been rather over done, disappointing to me as the results are.
Truffle you are right that the issues that they have in China/Turkey rather go with the territory but it is rather disappointing to see that both revenue and profits in the four regions were down in H1 16 compared to H2 15. Brutal fact is that Diluted eps down 30% odd from levels of H1 and H2 in 2015.
Saw the comment about the price of corn hitting their Latam Sales;they are right that there was a big spike in the second quarter but the corn price has plummeted since July and is now less than the New Year so will be interesting to see what if any comment they make in the AR.
Incidentally hats off to Management who came good on their promise in the AGM to give more info on sales by geography.
Encouraged by what they say about the US
Cash generation is great(and good to see that trade payables have only risen modestly) ; this cash balance is a bit off a double edged sword as they may be tempted to make an acquisition they and we regret…still will not surprise me to see an offer for ANP from a company with a good worldwide distribution network-especially in the US- but perhaps no such company exists.
Watching the price to see if I should buy a few more.
PS Incidentally trying to work out the FX effects as presumably there were none on an ongoing basis for sales made and collected in the early part of the year; anyone know if they invoice in £?? Of if in FX if they forward sell?? To try and get a handle on this I went to the footnotes of the AR . They had the info you would expect on accounting policies for FX but was surprised that I could not find a breakdown of FX exposures and I went through the AR carefully.|
|Totally overdone drop this am on one wee bit of dispute news..... Totally ignoring the 99% good news...... Profits up, cash in bank, debt free..... Come on MM's get yer house in order ffs!!!!!!!|
|I read the comments relating to overseas markets as being difficult rather than losing money in them, China/Middle East etc., so patience probably required on that front.
At the end of the day this is a debt free, £53 million cap company, £10 million of which is cash, and it is still generating cash. I think it is now a question of seeing how the rest of the financial year turns out before making judgements one way or the other.|
|Sold all mine at 255p first thing.|
|Not quite sure what to make of these results. The net cash generated has more than doubled, shooting up from £951k to about £1950K, which is great. Money seems to be pouring in. However, costs have also risen so three steps forward, two steps back really. Also, the China situation shows the difficulties of operating in that market and frankly is a concern, i presume that is what has swallowed about £350k of hard earned in defending intellectual property but it is not clear whether that is the end of it. I was hoping for better really, but will be patient. Growing pains I think and the cash generation is very good.|
|Thanks Cerrito. Much appreciated.|
|CEO came across well and gave good , clear and informative answers and I need to say the other NED was far more simpatico than Rose and chipped in with good answers and explanations ,clearly knew his stuff and was engaged.|
|Cerrito. Thanks for useful AGM report. Small point but according to the annual report the chairman, Richard Rose, owns 31,057 shares which seems a reasonably sizeable stake. Sorry to hear that he seemed bored by the AGM since one of the reasons I am interested in investing in ANP is because of his presence on the board. On paper he seems to have a good track record. Fact that he has been on the board for 11 years and chairman for 10 years is a concern, as is the lack of a second NED.
Attending AGMs can help small investors judge whether they can trust the management by watching and listening to the way the chairman and CEO handle shareholder questions. Fact that the chairman seemed 'bored' does not inspire confidence.
Would be interested to hear what you made of Richard Edwards the new ceo. Did he inspire more confidence in responding to shareholder questions?
Thanks again for sharing your thoughts on ANP's AGM.|
Many thanks for that report,I agree with others here that whilst the cash is a great comfort,it shows a lack of imagination simply adding to it.......Cargill and Tyson already on the roster is excellent and what I would have hoped for.....I even like the USA op description as start up........long way to go yet.|
|Doesn't seem to any real forward planning here, the CEO seems quite happy to stumble along..... Wish they would get finger out, show some balls and bloody buy some shares!!!!!|
Many thanks for your informative post.|