Share Name Share Symbol Market Type Share ISIN Share Description
Anpario LSE:ANP London Ordinary Share GB00B3NWT178 ORD 23P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 310.00p 305.00p 315.00p 310.00p 310.00p 310.00p 32,853.00 07:50:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 24.3 2.7 12.8 24.2 68.64

Anpario Share Discussion Threads

Showing 1001 to 1025 of 1025 messages
Chat Pages: 41  40  39  38  37  36  35  34  33  32  31  30  Older
DateSubjectAuthorDiscuss
13/3/2017
13:24
I did a back-of-the-envelope estimate for this year (Dec 17) using £27mn revenues, gross margins 47% (as this year), SGA up 8% based on fewer new management appointments, and finally £0.5mn exceptionals. That gave me around £4mn pre-tax and assuming a higher tax charge I reached £3.4mn net, or 16.4 pence per share using 20.7mn as ballpark weighted issued shares. That is about x17 p/e which is not cheap for a steady eddie but I like the management thinking and underlying earning look OK and not volatile. It happens to be in the upper middle of the Peel Hunt (17.5p) and NI Singer (14.7p)range and if achieved will look quite good against the 2016 outcome. On a general point the profit growth was pretty much all from Asia, Americas was disappointing presumably on Brazil. If the US is getting bigger and is more profitable than SAm we could see Americas overall segment margin considerably better. Frankly I wouldn't expect too much upside for a while but am comfortable as a holder.
srichardson8
09/3/2017
14:19
That pretty much sums this up I think. The only thing I would add is that Oryx describe themselves as activist investors. I would think that they wouldn't be happy with so much cash sitting around doing nothing. That may spur some action but I'm only guessing.
nivison
08/3/2017
19:52
I have had a good look at the results and note that as anticipated H2 revenues at £13.6m were well up from those of H1 of £10.7m. Not all that much caught my eye; I see the reference to legal costs for abortive acquisitions which suggests activity in looking at acquisitions and begs a question for the AGM as to their current thoughts for what to do with the cash which stands at almost half of tangible assets. As signalled capex was £729 k compared to £301k in 2015 and £289k in 2014 I went through the Principal risks and uncertainties and nothing surprised me. Geographic analysis was very useful. Shows importance of Asia and despite gloom in Middle East profits only went down from 1.6£m to 1.2£m. I hope to see some of you on June 29 when I plan to get clarity on the use of the word twice of challenging There is the Middle East and they had the specific issue in Brazil, but not sure what else was especially challenging; that said, I would have thought the devaluation of £ would have helped more than it seems to have done- I see from note 15 that a third of the receivables are in £. As previously discussed not a great deal of change in shareholder composition in last twelve months. RBC Custodians go up from 8.4% to 11.2%; the current second largest shareholder Unicorn increased it's holding as did several other of the larger holders and as noted Oryx have come in with 3.8%. I have noted down from last year that the Employee Trust had 8.5% but cannot see where that came from. Anyone have any ideas? I note the share price increase this morning; not sure if there is much more upside but downside limited and I do not see myself as buying or selling in the immediate future. The concentrated ownership means that there is not all that much liquidity and hence relatively wide bid offered spread.
cerrito
08/3/2017
10:30
Yeah..... that deal does seem v strange...... but they must have reasons....... but a bit miffed they have created another tier of managers in the loop...... again they must know good reason.
tailgunner2
08/3/2017
10:28
Agree that U.S will be huge for us..... hopefully it will happen this year...... It's a tremendous market for us in all respects!!!!
tailgunner2
08/3/2017
08:18
Steady as she goes.....USA is going to be huge but can't say I fully understand the Cobbet acquisition,especially if it's going to have no material impact (in 2017 ).
spekky
08/3/2017
07:34
Well...... I dunno what to make of these figures...... not losing money, but not making millions either...... kinda steady Eddie style of operations...... Maybe it might be wise to cease Middle East operations till things improve in that region..... but what do I know?!?..... lol Have been invested here a long time..... I like the company, and will continue to buy when I can......
tailgunner2
01/3/2017
16:22
Yes, the very large purchase I referred to on 24th, which matches their declared date of purchase As you say, good news!
truffle
01/3/2017
14:49
And now we know who it is. An institutional growth fund. Nice!
hiddendepths
01/3/2017
09:38
We've still got our buyer, although there is clearly a price limit.
hiddendepths
24/2/2017
15:44
Meanwhile over 1.6 million shares have traded today. Rather more than the usual ANP daily volume
truffle
24/2/2017
14:01
Very odd that it has taken such a long time for such a simple mistake to be spotted, especially as on this board we were all somewhat surprised at the low cash level. This does not impact well on management but more important to me is that it suggests that the Broker is asleep....Not only would they have vetted the release but their analyst should-like us- have suspected that something was wrong.
cerrito
23/2/2017
09:11
Looks like they found another £700,000 down the back of the sofa.
nivison
03/2/2017
10:02
Yes, that's about £420,000 (plus stock)spent on buying the Australian distributor. Why pay someone else to distribute your product if that is really all they actually do, so not so much adding revenue as reducing costs I suppose and getting direct access to the end user with a possibility of more direct sales across the product range. A shrewd, positive, perhaps opportunistic move, but not game changing is my take.
nivison
03/2/2017
07:38
AN ACQUISITION (at last).........not sure it will add much profit,time will tell. REBRANDING........probably the right thing to do but farmers are a strange bunch.
spekky
02/2/2017
16:58
Remember in the interims they said quote We continue to invest in plant automation with expenditure this year to date of £0.4m and further expenditure of £0.6m committed in the second half of the year. unquote This capex expenditure explains a bit of why cash decreased in H2. Indeed full year capex one reason for fact that 2016 cash increase at £0.9m was down from the £2.8m and £1.8m on 2015 and 2014. Possible-but unlikely-that some of the new overseas trading arrangements have had a negative impact on working capital
cerrito
02/2/2017
10:40
I think on balance anp will come out the right side of the poor value of the pound since most sales are via export. Financial performance is apparently improved on the last quarter, so just spending a lot of money on the business, hope it pays off.
nivison
02/2/2017
09:48
I seem to recall that they get raw materials from Europe.....perhaps the poor exchange rate is partly to blame?
spekky
02/2/2017
09:02
And improved financial performance apparently, which suggests a lot of money (perhaps as much as £1.6 million) has been spent somewhere...... I hope the management is doing what it stated it would do in the last interim report and is investing in order to grow returns organically.
nivison
02/2/2017
07:36
No cash improvement from the half year
zipstuck
14/1/2017
14:19
I think we've picked up an ongoing institutional buyer. The purchase seems to be handled well as it's only gently moving the shares. Tempted to add to help give an extra nudge!
hiddendepths
29/12/2016
18:28
Lancasterbomber, probably a function of the thin market between Christmas and New Year thugh I see that 16k shares traded tody which is quite a lot for ANP
cerrito
29/12/2016
15:28
Just listened to the Podcast. Thanks Jock for posting. I have been a shareholder since 2013 and I am in for the long haul.
etarip
29/12/2016
13:08
Any reason for 6% rise on small volume?
lancasterbomber
28/12/2016
19:19
Thanks Jockthescot for that good interview which had passed me by. Recommended listening. When asked about the fall in the share price over the last 12 months the ceo mentioned that the large holders had been loyal-and indeed having checked the RNS's my reading is that the last time a 3%+ holder sold down was a v modest sale by Investec in June 15. I checked in to the ANP website and there is a very informative written interview with Feedinfo from late November which you folks may want to read.
cerrito
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