||EPS - Basic
||Market Cap (m)
|Travel & Leisure
|jeff h: Newton buys Best of the Best
Small cap hedge fund star David Newton has opened a position in Best of the Best (BEST), the business responsible for the sports cars prominently displayed as raffle prizes in airport departure lounges.
Newton took a 3% stake in the company worth around £190,000 at a share price of 69.5p. Shares in the business are up 230% over two years but have essentially stalled over 12 months.
The holding is owned by his Helium Rising Stars fund, a concentrated 15-stock mandate launched in 2014, which hunts for investments believed to be approaching a significant catalyst for growth.
House broker Charles Stanley reaffirmed its rating of the company on a buy in January, with a price target of 90p.
In interim results to the end of October, Best of the Best reported an 8.5% increase in revenues and a 63% increase in profit before tax to £360,000, alongside the launch of a franchise agreement to begin operating within Indian airports.
|traderabc: Soybeans: The New Corn
By Ned W Schmidt CFA04/13/2012
Markets are intriguing due to their constantly changing character. New leadership constantly evolves. In equity markets, that tendency is always pushed to an extreme. A maker of electronic toys is today considered the most valuable company. Nonsensical forecasts of a $1,000 share price have even appeared. A company involved in the social networking fad is praised for a billion-dollar acquisition of a company with no revenues, making the internet bubble look like value investing.
Markets may strive for efficiency, but without adult supervision of participants that process can become distorted. For example, theories of the efficiency of markets all assume rational policy making at the central bank. No one ever expected that the monetary policy of the largest economy in the world would be hijacked by academics practicing Keynesian sorcery.
|traderabc: This could get interesting.
Anonymous Analytics on targeting a company's share price
September 27, 2011 8:11 pm
by Tim Bradshaw
As Robert Cookson and I reported today, Anonymous the hacktivist group has made a surprising change in tactics with the launch of Anonymous Analytics, a financial research group.
The group has accused Chaoda Modern Agriculture, one of China's biggest vegetable producers, of fraud in what the faction says will be the first of many such investigations. It plans both to comb corporate balance sheets itself and solicit WikiLeaks-style submissions from whistleblowers.
As Joseph Menn chronicled in a feature this weekend, it's the latest indication of how fast Anonymous is evolving, after a spate of arrests over Sony and News International hacking attacks in recent months.
|kvrr: AFC Energy. Current share price 20.5p, current broker Net Present Value 137p. Click|
|traderabc: This guy calls silver very well, note the date, we are seeing 'the usual resolution' now. Like clockwork. This pullback represents one big thing, a buying oppertunity when it hits the 'bottom', and it will...soon.
"But eventually someone must blink and move to close out positions. If the dealers are able to rip the rug out from the speculators and force them to sell at lower prices, that will be the usual resolution"
"The concentrated short position in silver is larger than any other commodity in history. Four COMEX traders hold a short position of more than 235 million ounces. That’s equal to 35% of world mine production. It’s equal to 43% of all the visible silver bullion in the world. It’s also equal to 70% of the entire COMEX futures market, once all spreads are removed from open interest. This concentrated short position represents a clear and present danger to market stability"
They are crooks, they need to be brought to account, this is an ideal time to complain (again). If enough of us did, silver would be trading at $50+ , and it will, it's just a matter of time.
"That investigation would not exist if so many of you hadn‘t taken the time to write in originally"
TED BUTLER COMMENTARY
June 2, 2009
(This essay was written by silver analyst Theodore Butler, an independent consultant. Investment Rarities does not necessarily endorse these views, which may or may not prove to be correct.)
The spirited price rally in silver and gold carried further in the past week. In silver, the rally in May was the best in 22 years, and the price has reached its highest level in ten months, as foretold by the nice market structure set up back in April. From the price depths of last fall, to the recent highs, silver has climbed 75%. Relative to gold, silver is at its best price ratio since September. This means that anyone who did buy silver, instead of gold over the past ten months has had a better return.
|grupo guitarlumber: Saint-Gobain Profit Probably Rose on U.S. Demand, BPB (Update1)
Jan. 26 (Bloomberg) -- Cie. de Saint-Gobain SA, the world's biggest maker of insulation, may say profit rose because of increased U.S. sales and the acquisition of U.K. plasterboard supplier BPB Plc.
Second-half net income probably climbed 5.7 percent to 723 million euros ($873 million), according to the median of eight analyst estimates compiled by Bloomberg News. The company, based near Paris, reports after the close of trading today.
Chief Executive Officer Jean-Louis Beffa spent almost $7 billion on BPB, the biggest purchase in Saint-Gobain's 340-year- history. The acquisition will add a month of BPB's earnings to second-half profit, helping to offset rising energy prices that prompted Beffa to cut his profit forecast in October.
``I'm happy they bought this company,'' said Serge Van Ingelgem, who manages $295 million at Petercam SA in Brussels and owns Saint-Gobain shares. ``The price was high, but it was worth it. It's good to make the business less cyclical.''
Shares of Saint-Gobain, formed in 1665 under King Louis XIV, rose 13 percent last year, ranking them the sixth-worst performers on the 17-member Bloomberg Europe Building-Materials index. The stock has added 2.4 percent this year.
Of the 22 analysts tracked by Bloomberg who follow Saint- Gobain, 16 have a ``buy'' rating and six say ``hold.'' None say sell. The French company's six-month results have beaten analyst estimates on two of the last four occasions.
``BPB will add to the earnings profile of the group,'' said Tobias Woerner, a London-based analyst at Man Financial Ltd. who recommends buying the shares. ``In the short-term there could be concerns about gas prices and a slowdown in U.S. housing.''
Saint-Gobain spokeswoman Jacques Valentin declined to comment before the earnings.
The BPB deal created the world's largest maker of building interiors such as ceilings, partitions and walls. The unit's inclusion in Saint-Gobain's results from Dec. 1 may add 42 million euros, based on BPB's Nov. 10 forecast of record annual pretax profit of 350 million pounds or 29 million pounds a month.
``If Saint-Gobain doesn't generate any growth in 2005 results then this would be taken badly by the market,'' Paris- based Ixis Securities analyst Rafic El Haddad said.
Saint-Gobain, Europe's biggest distributor of building materials, and BPB are benefiting from construction work in the U.S. and growth in emerging markets. Nine-month sales at Saint- Gobain added 6.9 percent to 25.74 billion euros.
Beffa, 64, whose annual salary remained unchanged at 980,000 euros in 2004, plans to sell assets to help pay for BPB. St. Gobain has hired Lazard Ltd. to advise on the disposal of Calmar, a U.S.-based plastic-pumps unit, valued by analysts at as much as $900 million. Saint-Gobain is also targeting savings of 100 million euros in the first two years of BPB ownership.
The company, also the world's biggest glassmaker, incurred higher energy costs to run furnaces and delivery trucks as oil and gas prices rose to records last year. Saint-Gobain struggled to raise prices to compensate, and Beffa on Oct. 25 lowered his forecast for growth in annual earnings before interest and tax to less than 4.9 percent from a previous 6 percent target.
``Energy remains very problematic for them,'' El Haddad said.
Saint-Gobain, which made the glass for the pyramids at the Louvre museum in Paris, annually supplies more than 30 billion bottles, flasks and jars.
Saint-Gobain's share price and earnings have also been hurt by liabilities from U.S. lawsuits related to asbestos, a mineral linked to respiratory illnesses. The company had 99,000 pending claims as of Sept. 30. The average cost of claims settled over the past 12 months was about $2,500, Saint-Gobain says.
Moody's Investors Service expects the number of asbestos cases to stabilize, with little change in the level of payouts, it said on Nov. 22. The credit rating company downgraded Saint- Gobain's debt rating to Baa1 from A2 after the BPB deal.
``The real story is going to be 2006 and where they are with the integration of BPB and whether after one month they see more savings than expected,'' Ixis's El Haddad said. ``The BPB outlook is very important for the stock at a time when the market now fears a slowing in U.S. housing.''
To contact the reporter on this story:
Nicolas Johnson in Paris [email protected]g.net.
Last Updated: January 26, 2006 02:00 EST
|maywillow: Good News from Fresenius Medical. Apparently it has settled most of its Asbestos claims. Share price rises on the news.|
|maywillow: Being an investor particularly interested in european shares,i was concerned to see
the impact the asbestos problem on the share price of ABB.
I see now that Saint Gobain has also had its share marked to a 7 year low due to its exposure to asbestos type concerns
Are there other companys that might suddenly be impacted?
This could be a major problem
Here`s a good overview of the problem imho
Best Of The Best share price data is direct from the London Stock Exchange