Colefax Share Discussion Threads

[cockneyrebel] 21/10/2010 12:46

Well look at it like this - the trade payables and receivables net off so the £6m cash is net cash and will be £9m odd by year end at least imo.

Then they have £11m of inventories.

They have about £1.5m in tax credits and they have £6m in property that's probably worth a lot more than that.

I'd say the tangible assets are getting on for the market cap.

They should do more that 23p eps too as things are improvin and the £ is still weak v $.

No debt, share buy backs and the start of a recovery where margins should increase after strong cost cutting imo.

I'd say these are worth miles more than today's valuation, that's why I've been adding - t/s in Jan should wake the mkt up imo.

All imo/ dyor etc.

CR

[dnfa1975] 20/10/2010 10:51

pe of 5!! thats ammmmmmazing. do they own the freehold in clapham/battersea - must be worth a pretty penny

[salver2] 18/10/2010 18:46

you did well to buy any-very solid co which will go private at some time

[cockneyrebel] 18/10/2010 11:21

I picked up a few more today salver2.

Reckon these could spring a t/s anytime and don't want to be trying to add on the statement.

Agree with your assessment re th cash here.

CR

[salver2] 14/10/2010 20:15

actually this stock is ridiculously cheap at the end of next year they will have cash of around 8 million which is about 30 percent of their market cap -this puts them on a pe ratio of about 5 stripping the cash out and 7 with the cash -too low whichever way you cut it

[cockneyrebel] 14/10/2010 12:21

Nice move up - someone's keen.

t/s soon I suspect.

CR

[dnfa1975] 14/10/2010 10:30

someone has bought 10,000 at £2 Someone wants this bad- bid approach?

[cockneyrebel] 13/10/2010 20:12

Nice results from WGB today.

Wonder how far ahead of forecasts these are? Did over 21p eps last year and say they are seeing an improvement.

Results in Jan but reckon their might be a t/s before too long perhaps.

CR

[cockneyrebel] 14/9/2010 07:46

Nice statement - if sales are up 10% odd these are going to do more like 30p eps this year imo.

£5m net cash will be more like £7m+ too by year end at that rate.

Probably trading on a PE of 4 or less netting off the cash imo.

CR

[essentialinvestor] 01/9/2010 13:29

Try buying somw WGB! - makes dealing in CFX look easy.

[cockneyrebel] 01/9/2010 12:36

Hope you're still holding salvers - I agree these are cheap - had a few today - hard to get any as the co keeps buying any that hit the market.

AGM in a fortnight will liven them up imo.

CR

[salver2] 22/7/2010 08:57

mulberry for example has less cash similar levels of turnover and profit -but get this it has a market cap of 180 million rather than colefax 23 million -admitedly mulberry might have better growth prospects but someone somewhere has gone bonkers!!

[salver2] 22/7/2010 08:50

this share is a funny one are there any other luxury companies that trade on a forward price earnings ratio of 5 -once the cash balances are stripped out -cash balances will be about 8 million at the end of this year-no wonder they are keen to buy shares

[salver2] 24/2/2010 09:21

nice to see that the avoid rec above has resulted in a seven month gain of 40 percent-these are sure to be taken private at about 2 quid a share

[investinggarden] 22/7/2009 10:24

Avoid recommendation from Growth Company Investor

[cockneyrebel] 16/4/2009 12:10

I've been buying these over the past week or two.

With nearly £3m in cash and a market cap of £12m the stock looks cheap, lower risk at this level and a potential beneficiarry of the strong $.

WGB has ben bouncing well and is up today on a poor statement, suggesting all the bad news and more is in the price of the likes of CFX imo.

CR

[cockneyrebel] 08/5/2008 16:57

Shares started trading on the NYSE today apparently!

Chuff me, the stock is illquid enough, you can't get any volumje here at times - where do the shares come from to trade on NYSE?

CR

[cockneyrebel] 29/2/2008 14:30

Tipped in the IC apparently :-)

CR

[dorset64] 29/2/2008 13:37

5% rise today, the charts looks in an extremely good position towards a re-rating IMO.

Dorset

[cockneyrebel] 26/2/2008 20:10

Nope, I'm happy tho - wait for the next results in a few months and these will get the punters interested.

CR

[dorset64] 26/2/2008 19:45

Amazed nobody's interested in this one.

Dorset