Abrdn Property Income Share Discussion Threads

[shrout] 11/7/2013 12:59

Strangely enough this fall in the share price was preceded by a Golden Cross on the chart, (50/200 day ma) which is potentially good news for the longer term direction of travel. And the volume of selling today so far is pretty minimal. So hopefully this is just a short term market over reaction to a typically cautious statement from API.

Note these passages from the statement..

"At the time of our full year results announcement on 5(th) June 2013,
the Board's expectation was for further progress in operating results this year with a weighting towards the second half...

... a relatively slow start to the new financial year...

... the Board's expectations for the year as a whole remain unchanged."


is that really negative, or just a reiteration of what was already expected?

[salpara111] 11/7/2013 11:51

Well, that was pretty negative from what is supposed to be a growth company. I did not take a stake after the last results due to the fact that their top line growth had disappeared, it now is looking more likely that revenue will be lower this year and I don't believe that there is any additional margin to squeeze out so I suspect that profits will be lower this year.
I will have another look when it gets back to the recent support line at 56p but the idea that this is a growth stock is starting to disappear.

[meijiman] 11/7/2013 11:47

AGM statement is out

[davidosh] 10/7/2013 10:34

It is the API Agm tomorrow at 2pm at Eversheds in Wood St London EC2...Anyone coming ??

[blondeamon] 11/6/2013 12:13

Nice upside

[calahan] 05/6/2013 09:29

Numis upgrades (back to Add from Hold)

05 Jun 13 - API Group PLC Numis Add 75.00(TP) Upgrades

Edit - Forecasting 2p Dividend for 2014 by the looks of it, rising to 2.2p in 2015.

2014
Pre-tax 8.00
EPS 9.90
DPS 2.00

2015
Pre-tax 9.00
EPS 10.50
DPS 2.20

[salpara111] 05/6/2013 08:30

Looks solid enough but as a relatively small company selling a growth story it is always a problem when the top line does not grow.

[jamielein] 05/6/2013 07:51

Pension liability up quite significantly. Other than than, numbers look good. I'm not (currently) a holder.

[bigbigdave] 05/6/2013 07:31

Impressive numbers, everyone moved on?

[sirgainalot] 26/4/2013 11:16

Interesting news. Undoubtedly Crystal Amber will.

[horndean eagle] 24/4/2013 15:22

Crystal Amber also looking to raise more cash through a secondary placing. Im sure some of those proceeds would find there way here. Perhaps taking a chunky holding off the larger holders looking to exit.

[calahan] 24/4/2013 10:52

Crystal Amber picking up some more I see. (That makes 700k in the past two months)

[calahan] 12/4/2013 16:10

Cheers for the link BrokertoBroker. Nice find that!

[sirgainalot] 12/4/2013 12:30

That's fantastic news - thanks for the link.

They must be seeing strong demand.

[brokertobroker] 12/4/2013 12:03

API Foils Set to Grow!

Encouraging bit of press. Good to hear that this expansion will satisfy demand by significantly increasing the total plant output.

With holographics improving as well, I really can't see any downside......

[brokertobroker] 03/4/2013 13:41

Great Company, my reasons for buying:

•Great niche products with a range of applications;
•Plenty of product diversification and sells in 9 countries;
•Very sticky client base;
•A modest pension scheme with yearly liabilities of c £7m so no problems there;
•Increasing health high single digit operating margins;
•Revenue, EPS and PBT increasing YoY with net debt declining;
•A large proportion of sales come from outside the UK (60%) so the weak sterling should help;
•Trades on a PE of 6 which looks cheap;
•Board rejected a 90p a share offer;
•Management has strongly hinted at paying a dividend which would yield 5.5% at current levels – possible announcement at next set of results;
•60% of equity held by long-term holders not wanting to sell;
•Hargreave Hale are hunger for more shares at 60p.

I really can't see any downside - BUY, price target 105p by dec 13!!

[horndean eagle] 26/3/2013 19:03

Interesting action today. Mainly sells but price never flinched at all. Im guessing something is lurking in the background.

[sirgainalot] 20/3/2013 16:08

Good move today. Looking to fill the gap :)

[coolen] 08/3/2013 21:22

Thank you UK220 for your kind explanation of "open discussion".

It helps me understand the English Language used by your big bosses.

So, "Open discussion" actually means "Secret discussion" (!) as far as us Underling small investors are concerned.

And it also means "Private discussion" as far as wealthy Hedge Fund investors are concerned.

But I am still confused as to their language: How is it that when I have both a Secret and Private discussion, I close the door for the discussion -not leave it "open" as the bosses of API clearly promised ?

[ukinvestor220] 08/3/2013 13:01

No. we are the underlings who will not be included. the discussion will be between the honchos of API and whoever gives them the best deal for them. we will find out after the deal is dealt, and be told there was no other option.

[coolen] 08/3/2013 12:09

".....the Board remains focused on maximising shareholder value and committed to maintaining an "open" dialogue with shareholders about how best that can be achieved."

What, please, do they mean by "open" ?

Does it mean we are all kept in touch with what may now be discussed between API and the hedge funds who started this bidding process ?

[ukinvestor220] 08/3/2013 11:41

MMs keen for stock today

[spooky] 01/3/2013 16:07

I still haven't made my mind up on this one, any thoughts on why the directors haven't picked up any stock if they were so convinced that the approaches significantly undervalued the company, suggested prices must have been a long way above current levels.

[ukinvestor220] 01/3/2013 13:13

crystal amber increased holding here >10%

[salpara111] 27/2/2013 14:29

sp seems to have stabilised around the 56 level however I am not tempted until I see the next update, I am a little concerned about the last forward looking statement.