Falk IS. Hldgs Share Discussion Threads

[eburne1960] 07/8/2015 12:21

Not sure a 15% fall (nore than 3 times the yield itself) can be described as a "minimal reaction".......

[ch1ck] 07/8/2015 10:37

I have just gone through the company results and fundamentals which i do periodically with all the stocks i own and it has reaffirmed that this is a strong little company which has been overlooked and has a positive out look for the future.The low dept and positive cash flow put it in a good position to invest and move strongly up from here. The reaction to the loss if the dividend has been minimal and the saving will boost the figures in the next half of the year.Buying more

[whackford] 20/7/2015 08:04

Eburne. Your concern is doubtless shared by other including myself.

My biggest fear is that the company could be severely damaged by the new strategy, leaving it open to a cheap bid by the Rowlands - which would be a great loss to the general shareholder bearing in mind the Falklands potential.

[eburne1960] 19/7/2015 21:53

Not sure I'll be able to make it, so hopefully someone can report on it. In theory young Ed won't do anything to jeopardise the family investment, but for me it's just the uncertainty of the new blood in the company that is making me wary.

[whackford] 19/7/2015 16:53

Eburne. I hope the elastic on the young Edmund's catapult does not break.

Stiff questioning at the AGM I suspect. All should attend despite the unprecedented 10am start.

[cyfran101] 19/7/2015 00:39

Interesting to see the UK to be the target of expansion but it appears to make sense to expand on the Momart footprint.

I'm wondering if it wouldn't make more sense to get involved in providing wind power and energy storage on the Falklands somehow or other islands. Maybe buying out part of Sure Atlantic Ltd.

I don't know but there appears to still be opportunities to expand into other areas island wise.

[ch1ck] 13/7/2015 08:13

Super post thanks for posting it.I agree and saw the loss of dividend as a positive along with the sale of the FOGL SHARES

[togglebrush] 10/6/2015 07:25

Telegraph which does require subscription
'

[whackford] 09/6/2015 11:57

Thanks Eburne. As you say, just a summary.

[eburne1960] 09/6/2015 11:15

Doesn't say anything we don't already know, but here it is:

The London-listed conglomerate that dominates commerce in the Falkland Islands reported sharply improved annual profits yesterday, but it denied shareholders a dividend because it wants to reinvest its cash.

Falkland Islands Holdings, which has interests in the islands’ shops, property, shipping, tourism and more, published pre-tax profits up 14.4 per cent to £3.9 million for the year to the end of March on revenues only fractionally higher at £38.6 million.

As well as benefiting from increased building work, higher demand for company property rentals and an improvement in the vehicle hire market, it cashed in on a record squid catch during the fishing season.

The group also said that it expected to receive a fillip from a spate of recent oil discoveries made to the north of the islands.

However, the board said that it was not recommending a dividend this year, which it said was “in line with [our] strategy to reinvest earnings and cash to accelerate the group’s growth”.

Edmund Rowland, the chairman, said that the company’s longer-term growth was dependent on a recovery in the oil price, which dictates whether explorers and developers press ahead with projects near the islands.

The shares fell 2½p to close at 255p.

[whackford] 09/6/2015 08:05

The Times has a piece on FKL today too. I'm not a subscriber so cannot copy & paste - can anybody else?

[weatherman] 08/6/2015 23:38

Questor says to hold

[weatherman] 08/6/2015 14:17

A PE of ten on eps 25.5p - and good growth prospects....

[ch1ck] 03/6/2015 09:37

Untill the drilling companies extract commercial quantities of oil an investment in to further investment in the FI will not be the best use of cash.When this happens FKL will be in an ideal position to capitalise. Till then i think they will strengthen their portfolio in other areas.

[whackford] 29/5/2015 10:28

Chick - the worry is that precious little of it (plus that from cancelling the dividend) will find its way to the Falklands.

[ch1ck] 29/5/2015 09:28

We are seeing moves in the share price of the drillers in the area but this is yet to filter down to this stock. Its only a matter of time as this is seen as a great play for the infrastructure that will be required.No news yet from the directors on the direction they will take the company with the money that has been released.

[ch1ck] 03/5/2015 07:42

Just answered my own question and no is the answer. The board is small and has a background in financials. I would expect them to concentrate on areas they know which will enhance the portfolio.Unless the drillers start production i can see this money being spent off shore

[ch1ck] 01/5/2015 07:18

I hope you are wrong, todays announcement re the sale of FOGL shares could give them the cash they require to move the company forward.Lets see what they decide to spend it on. Does anyone know is most of the board reside on the island? That for me would make a difference as they would be more likely to invest in infrastructure on the island which would be less profitable in the short term.

[c2b] 21/4/2015 08:39

CH1ck

But like many other small cap AIM companies that have gone before it that have cancelled their dividends, losing all financial planning, accountability, and discipline, cash flow difficulties will more likely surface, the company go into Administration, be bought out for a song by management and a 'strategic stake investor' just as first oil is only months away. I'm sorry but we've seen this sort of thing time, and time again, elsewhere on AIM !

[ch1ck] 20/4/2015 09:06

Topped up today at 240p this is close enough to an all time low for me to be happy.If it does move lower i will buy again. If history repeats its self this could move strongly to the upside quite soon.

[eburne1960] 15/4/2015 11:53

That's the one hangers.

[ifthecapfits] 15/4/2015 11:51

Thanks e60 - and someone else topping up....

[ghostofahangman] 15/4/2015 11:49

Is Harry Solomon, the other name you looking for Mr E ?

[eburne1960] 15/4/2015 11:47

Don't know the why - as to the who, he used to be a top fund manager for Mercury and Jupiter before retiring - he then bought a stake in FKL yonks ago along with another city heavyweight who used to run a FTSE company called Hillsdown Holdings - (which is when I bought in heavily as it seemed intriguing 2 big names getting involved in a piddly company in the South Atlantic). He was a non-exec of FKL, but has retired.