||ORD 28 1/8P
||EPS - Basic
||Market Cap (m)
Real-Time news about Salvesen (C) (London Stock Exchange): 0 recent articles
|damanko: Well, I picked a good week to go on holiday to France ....... and be completely out of touch, internet wise. Speaking personally I am a little miffed, I had hoped to build up a decent holding, before this type of situation happened. As an earlier posted mentions, a similar situation occured in 2003, and came to nothing. We shall see. In any event, as far as I'm concerned I'm still of the opinion that Salvesen is undervalued, Even at the current share price. I'll continue buying.|
|damanko: warranty, as I'm in buying mode, I'm quite happy for the price to hover around the ten bob mark. Bought a lump sum in early August, and will continue buying on a monthly basis. I drove to and from Worcester the other day, funnily enough I could repeat my earlier post, and just change the label of the motorway. I note that the Salvesen share price seems to do (relatively) well when the market takes a nasty turn. Whether this is because it is known as an income play, or is just contrarian, I'm not sure.
They still seem very undervaled to me, I remember thinking similar about Next in 1990, when they fell to 20 odd pence........ but I didn't buy. Stupid boy...
I'm going to make the time soon to visit a Salvesen depot and speak to the transport manager, they usually have their finger on the button, in terms of good, valued contracts, as well as duff ones that keep the equipment rolling, but will never make a profit. Also want to see if they have long term (ie loyal) employees, or rely mostly on agency drivers/staff. That is absolutely key in this business, always has been. Will post on here any useful info.|
|jdung: why ? at end market trade, price go downside, but no trade.
is big holder want to sell?
or someone stockbrocker use share price move tools??|
|hectorp: good to know augustus. The share price is starting to respond too.|
|vande: I do not think that Wincanton will make a bid for Salvesen. The share price of SVC is much too high - anything below 44p can trigger bid rumours - SVC has to sort out their in-house problems before anyone would bid for them.|
|erogenous jones: farmsted - the company have issued a profit warning. That is why the share price has collapsed. My acquintance Francis Salvesen (used to go out with my younger sister) will not be too pleased.
Profit warnings come in 3's, don't they?
Besides, the company is mainly in logistics....... I am holding fire before I bung any money into the frying pan.|
|lucky break: results today broadly inline
dividend near 6%
possible bid target [read chairman's statement]
div policy is very positive
YET SHARE PRICE DROPS
largley due to broker advice
good opportunity to tuck away a few for rainy days
|jelfsie: Unloved since it's bungled refusal to talk in 2000, and the on-going potential for Custos to dump its shares. Reliant on the low growth / deflationary food and industrial sectors, add to that problems of rising petrol costs, cut-throat competition, and rising insurance costs and you can see why SVC's margins are suffering. Some would say net Debt at £130M is beginning to look stretched against mkt cap. Having said that, the recent slide in the share price has brought the shares into interesting terratory IMO. OCF is reasonably steady at circa £70M a year, and it does have some excellent contracts, which means that VC funds will be dusting off their files below 50p. The controlling interest of the family shareholders will remain an obstacle, unless they take it private of course!!!.|
|hybrasil: I have been watching these fall and fall . Does anyone know the company. Is trading as bad as the share price indicates.|
|wyorke: when big sell, but share price not move lower, today up 1 p,
It is good signs. if big buyer, but price move to lower, it is bad signs.
only for you ref. market is big boys play area!.
I think price well be up. thanks.|
Christian Salvesen share price data is direct from the London Stock Exchange