Colefax Share Discussion Threads

[cockneyrebel] 07/2/2008 10:28

More co share buybacks yesterday.

CR

[salver2] 26/1/2008 19:43

by the way usecd to hold alot of wgb-with mixed results -this is a far better co in my opinion nonwithstanding the good new management at wgb-cfx is about the same market cap as wgb-its like saying watford are as good as chelsea!-even though i support watford!

[cockneyrebel] 26/1/2008 17:16

Salver - I agree. I was stunned by these results with the company having been very cautious at the year end - I had wondered if they were just playing to the gallery then because everyone was talking about doom and gloom in the housing market.

What's more the furniture division was up 11% ! Look at SCS and Land of Leather struggling and I think this performance really says something.

I was gutted because I read the results and thought - buggar, these will be marked up big at the open and I know they are tight to buy at times. So I was amazed to see a mark down. I then thought I must have missed something so I went through the results again. In the meantime the co bought back those shares an triggered the tick up - I could only get 3K at just under the market - gutting when I could have got 10K minutes earlier.

I hold WGB but after seeing these results you just have to pck yourself off the floor - recession? What recession?

What's more this was in the face of a falling dollar. If that dollar rebounds and we don't see the slow down that many are forecasting these are on a PE much less than 6 too.

Net assets of £17m wich among that includes property that's probably not been revalued in years and £5.5m cash on the balance sheet.

By the time you get your divi this year and the small reduction in shares for the buy back the net PE these are buyable on is something between 3 and 5 I bet.

In my pension - reckon these will one bag over the next 12 months when the market gets its head back together.

CR

[salver2] 26/1/2008 10:40

the price for this company now is silly-the profits at the interim period were fantastic-the pe is less than six which for a luxury goods co is ridiculous-farrow and ball which are in the same sector -and not as good a co inmho were bought out for 60 million when they were making half a million pounds on 20 million turnover-this co makes 10 times more profit and 3 and a half times more turnover-is valued at a miserly 24 million -for the fnest name in british interior decorating if not the world-by the way i am not some lunatic ramper i used to own over 1 percent of this co and now have a much smaller holding of115000 shares-isold a lot at2 a share approx 15 months ago to lighten up my holdings fearing a slowdown-looking at the price now i suppose i was right-but in a way wrong as iwas factoring in a profits fall -not storming results like this-this share should be a minimum50 percent higher-andten times higher plus if sold for simlar money to farrow and ball-if i were david green i would take the co private and sod the stockmarket

[cockneyrebel] 24/1/2008 17:43

Looks like the company bought back the entire stock overhang today :-)

186K (1.2%)

CR

[cockneyrebel] 24/1/2008 10:33

I totally agree salver2.

I bought back in today - current trading 'Good', PE under 5, £5m cash on the b/s - £5m+ property and plant - some huge trades today - I think that's the overhang cleared I reckon.

Basically if earnings halved in H2 the PE would still only be 7 !

I think they'll actually grow earnings still and when the market gets it's confidence back these will one-bag imo.

CR

[salver2] 24/1/2008 08:36

woefully undervalued for a quality company

[bigbobjoylove] 05/9/2007 09:57

off we go again.

[bigbobjoylove] 03/9/2007 09:48

seems to have been marked up for fun the last few days.

Chester have a look at TAIH, should be a right hotty this next few weeks - that's if you can get a decent amount.

[chester] 03/9/2007 09:44

Why do you say that ?

[bigbobjoylove] 03/9/2007 09:35

looks like a bid coming here.

[cockneyrebel] 23/7/2007 14:57

it's JIM you want to look at BBJL.

CR

[cockneyrebel] 23/7/2007 07:37

Nice results.

Their high exposure to the US low $ is the only fly imo, but still think they'll grow well in the face of that imo.

CR

[doubleorquits] 20/7/2007 12:01

All very quiet here considering results must be due next week. We know they will be ahead and there is the possibility that they will beat by more than they thought.

Just surprised to see nobody around here for a month.

Nice quiet board - just where I like to be. :0)

[cockneyrebel] 22/6/2007 12:51

a few bored sellers today.

Company buy backs, 'this year will be significantly ahead too they say.

Worth buying from the bored imo.

CR

[bigbobjoylove] 11/6/2007 10:24

could only get 2250.

have a look at CEB by the way.

[cockneyrebel] 11/6/2007 10:14

Sorry BigBob - but it is a steal and on the up today - that's a breakout too :-)

CR

[bigbobjoylove] 11/6/2007 10:11

i'm in, CR why you not mention this to me in the past?

[cockneyrebel] 15/5/2007 10:42

Nice dip - will be supported by share buybacks still imo

CR

[cockneyrebel] 27/4/2007 17:42

They look like they are on a PE of less than 10 for the year just completed.

With the share buy backs the fwd PE can only be 8-9 max imo.

Debt-free too.

I see they have paid out a director cash instead of share options tonight - the difference between the option price and exercise price. That means 120k shares that are not going to have to be issued - effectively another share buy back really.

Still look crackingly cheap.

Bought back in today after trading out - another mistake. Thought noboady was interested here but a good number of buys.

Bodes well for WGB too imo.

CR

[meadow50] 27/4/2007 15:21

v.g trading statement today-any other holders here?

[cockneyrebel] 25/1/2007 07:37

Great results today and trading outlook strong.


More share buybacks I expect too :-)

Looks like they will smash the 18.3p forecast!

Wallpapers are booming, Walker Greenbank (WGB) and Laura Ashley too!

CR

[cambium] 11/1/2007 14:41

Just looking

[cockneyrebel] 11/1/2007 14:26

Has good support from the co share buybacks.

Made a nice break out yesterday too :-)

CR