||EPS - Basic
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Connect Grp Share Discussion Threads
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|Following on from Fenners post – above
I too read through the accounts to find the true picture. As pointed out there appears to be nothing hidden in the results and every division has an element where there should be some growth. (OK the coffee business does seem a bit of a distraction).
What’s not to like?
Perhaps if inflation rises strongly, some contracts will be run on smaller margins – I’m not sure how the contracts are drawn up – hopefully a clause for inflation and oil price rises is included.
On the negative side, the share could slip to 120 (it is a little unloved), however, the chart shows great resistance here at 140 and if history repeats itself, should hit 160+ in the next 4 months. See the 3 year chart.
I have a holding and I added a trading tranche the other day with a target of 164 to offload them. If all goes wrong I get about 5% cash back in terms of the div in a few months.
As pointed out above, Questor also like them now!|
|tipped by Telegraph's Questor this am. It is at the end of this article -
|Yes nice price to hold on for a year|
|Looks well oversold this.
Strikes me that the market continues to expect bad news with results, so often you get a fall into results here, then with no major bad news the stock stabilises (partly due to the dividend yield) and ends up rallying back to the highs.
Chart appears to have found support here so expecting more of the same pattern. Plenty of buying come here over the past week so once the sellers are done, expect a sharp bounce from the flatline and then a move back to the recent highs.
Buy up the discount whilst it's there.
|Mentioned in FT weekend/IC as a potential buy for the dividend and low multiples.|
|Nothing that I can see fenners 66. Thanks for the info on the negative pension deficit - I'd hadn't spotted that in my usual quick scan, I don't do detail very well.|
|So I had a 2 minute read through the accounts the other day prior to buying in at a few minutes past 8.00am. Which proved to be bad timing.
I have just gone back to see if I missed some vital component,
What have I found?
Earnings up - Dividends up - strong free cash flow and debt down. Provisions for H&S (lets hope that this is too much?)
Expectations for next year - we know that core business will decline - its been happening for years but they seem to have found a diversification that leverages their core business assets instead of wild ideas (like coffee!).
So I thought there must be a pension deficit ......... however under IAS 19 there is a surplus of around £130m !
Ok so they do not recognise this as under the actuarial valuation method using the actual investment strategy it would produce a deficit , but I do wonder how this compares to every other company.
For instance if the standard IAS 19 says another company has a deficit would they go out of there way to publish a higher deficit with a differing investment strategy?
Despite that the surplus of the main scheme under IAS has risen 16m in a year so this is good news.
Next year they expect to invest more capital - but free cash flow to remain flat.
Overall reasons for the shares to slide? Cant see them.
Anything I missed?|
|You know I thought this would happen and I had left room to buy more. I won't use this until closer to the xd date when I expect the share price to rise sharply|
|Now 6.7%. Enough is enough. Added.|
|Stale bulls slowly selling ..........I shall wait a little longer in these strange markets.|
|6.6% yield right now. Crazy...|
|Well I asked last week if someone had sight of the up-coming results, it seems that either they had not or they saw something that I have not spotted in a 2 minute review of the results.
So bought some around the open...
We shall see where we end up - but with about 6.4% yield that's a start.|
|Agreed Aleman. The company is in rude health. Nothing to worry about here. So why is the share rice so weak? Just technical in my view. It has spent the last couple of years in a trading range of roughly 140 - 165. Time to visit 165 again, I think.|
|No reason I can see in the prelims for the price not to recover fully. Further profit growth, dividend up and a good outlook.
On adjusted earnings of 19.8p a share, unadjusted 13.7p, free cash flow 16.2p per share, we are well cheap.|
|Profit, cashflow and well-covered dividend up. Debt down. Seems a pretty good set of numbers.|
|Likewise, got some at 134p on the dip. I'd like to see the debt start to come down but otherwise a very solid generator of cashflow.|
|Back in. This is exactly how I bought in the first place in Feb last year. Lets hope for the same result as then|
|Well, you did a bit better than me. I added a few days ago - but anything under 150p should be good in the long run, with a bit of luck.|
|So did I.
Basically it is either a leak or it isn't. But we have dropped to this price before this year, and a trading update only a few weeks ago was OK.
Trading Update covering the 44 week period to 2 July 2016:
Total Group revenues increased 2.1% compared to the same period last year, including a full period for Tuffnells this year versus 34 weeks last year. On a like for like basis total Group revenues decreased 0.9% (normal to good for Connect with the slowly declining news and now seemingly stabilising books divisions). Parcel freight was up 10.2%. Finally, "forecasts remain in line with market expectations".
Voting machine, weighing machine...|
|Results are on the 18th.|
|Still falling, when are results published?
Is someone already in the know or is there not much volume?|
|It usually starts like this Aleman. Just the MMs trading quotes until the market gets warmed up and other bids and offers come into play. It's like this with a number of stocks. That's why I always try not to trade in the first 30 minutes of the session.|
|Spread as 0.5p at one point yesterday afternoon. It's 9p this morning. What are they playing at?|
|There you go LG - Regrets, I’ve got a few, but . . .|