|Bateman Litwin N.V.
||EPS - Basic
||Market Cap (m)
|Oil Equipment Services & Distribution
Real-Time news about Bateman Lit (London Stock Exchange): 0 recent articles
|broshm: Why all the nonsense chat ?
What about the share price ?
What is going on ? I have some shares I monitor which show large price fluctuations with no trades ?|
|mdchand: fiat - re RNS released on the 22nd September. It talks about cost overruns and impairment charges. Until the market gets clarity or resolution on these factors it will assume the worst and price the share accordingly. slowtrain makes a good case for investing in these, but until we know the size of the impairment, the cash mountain they're currently sitting on could be a lot smaller in days to come....hence the share price Those in the know will have a good idea about the impairment charge and no doubt will have positioned themselves accordingly. recent share price movement suggests that the impairment is perhaps not as bad as suspected, but for you and me, its a gamble in the dark, albiet one where you can atleast make a reasoned assessment of the risks involved.|
|t1lal: Not much action here.
I agree with your assessment. It seems that the company has cash that significantly exceeds the current share price.
Have been watching this share for sometime now having so far resisted the temptation to buy. However the fundamentals appear to state the obvious here that this share is oversold. It just rests on what the final outcome will be in terms of the review into operations. Having said that I still believe the firm will make a profit this year, barring any serious economic disaster!
Getting seriously tempted to buy a few and tuck them away.|
|simon gordon: Hi Steg,
It's amazing that the share price has not cratered.
Just looked at the quote and it has!!|
|mirshahik: I notice this board goes quiet when the share price moves up and doom and gloom when it goes down.
1,000,000 trade today.
Guys if you are short you should have closed at 1.20.|
bought at 230 sold at 220 i think , your commments re. delta weighed on me but it was when i saw tiny trades of 130 shares in bnln that got me worried. also the sub prime mess blew up and i had about a week to react as the share price held for a few days. i believe the 65% is held by an israeli billionaire? . im considering kenz now but still have concerns re. falling dollar for earnings . it does appear to be more liquid than bnln.|
|masurenguy: Unfortunately the Delta acquisition was a disasterous decision and that is what has really brought this share price down. It is a anchor around their necks which will not be easy to divest or to obtain a good return. This is a drag on the rest of their business which is performing very well and has great forward potential. However because of the former it just stays on my Watchlist.|
|mirshahik: EPS of 20, therefore PE of 6.75 based on share price of 135?|
|mcjack: Good write up in IC as one of only two recommended commodity plays (with DNX):
Bateman Litwin: This stock is already an IC buy tip, courtesy of its relatively lowly share price and strong growth potential. Brokers have recently been upgrading their estimates for earnings growth in recent weeks - Investec Securities recently reiterated its 'buy' stance and price target of 370 pence, upgrading Bateman Litwin's full-year 2008 and 2009 estimates by 7% and 12% respectively. Many analysts think that Bateman is ideally placed to benefit from the strength of the process industries cycle, given its exposure not just to oil and gas but also to power, chemicals and bio-ethanol, combined with its expanding geographical coverage. A recent trading update at the back end of January confirmed that rosy outlook - the company said that net profit for the first half to December 2007 is expected to "significantly" exceed market expectations. Analysts were already estimating net profit of $31.5-36.5m for the full year to June 2008. Bateman also said revenues for the half-year totalled $420m, over twice the $198m for 2007, while the group's sales backlog rose to $1.25 bln from $737m a year earlier. The only fly in the ointment is that Bateman's currently been dragged into a bitter legal battle over the acquisition of Delta-T Corp, purchased for $45m last year. These legal concerns are likely to act as a bit of a short term drag on the share price but we'd expect the shares to perk up as the company announces further contract wins over the next few months. With EPS for 2008 expected to grow by more than 66% and cash flooding onto the balance sheet, we think this is a bargain at 14 times 2008 earnings. Buy at 220p a share.|
I both bought and added recently on that very expectation, based on BNLN price history/statistics/statements and brokers/IC buy reccs. It might take the actual H1 results to break the current ups and downs of the share price|
Bateman Litwin share price data is direct from the London Stock Exchange