Fiberweb Share Discussion Threads

[hvs] 02/8/2013 07:30

Very good going forward,

[18bt] 02/8/2013 07:29

Decent results - like the divi increase.

[hvs] 02/8/2013 07:16

The Group expects an improved like-for-like sales performance in the remainder of the year, with growth in construction products and the impact of enhancements to the product range in filtration and technical specialties.
We expect performance for the full-year to be in-line with Board expectations and look forward to making further progress towards our medium-term financial targets.

The directors reiterate their focus on maintaining a balance between a policy of paying an attractive dividend and retaining funds for investment into value generating businesses and opportunities. Accordingly, and against the backdrop of further growth in the Group's profits, the Board has approved a significant 20% increase in the interim dividend to 1.2 pence per ordinary share (30 June 2012: 1.0 pence per ordinary share) reflecting its confidence in the Group's prospects

A 20% increase .

Can it get any better ????

[philjeans] 02/8/2013 07:14

Great half year results!

Profit; cash generation and div all increased.

BUY for me.

[alter ego] 17/7/2013 18:29

good spot, thxs

[18bt] 16/7/2013 07:52

Just caught up on news of 11th: looks sensible and I feel much more confident that they are beginning to ride the construction upside in the US and elsewhere.

[sharw] 11/7/2013 13:11

You click on 'Acquisition and Trading Update' in the news box under the graphs at the top of this page.

[saripoos] 11/7/2013 12:31

philjeans where can i c the news

[funkmasterp12] 10/7/2013 07:58

Profit and margins expected to grow in this FY and a nice acquisition to boot. This may help explain the flurry of buys in recent days!

[philjeans] 10/7/2013 07:36

More good news; I like the sound of the trading update and the acquisition.

Should push on now.

[funkmasterp12] 08/7/2013 16:52

Holdings RNS out which explains some of the volume.

[sharw] 06/7/2013 18:28

I see what you mean:

Shares Issued: 173.58m
Volume: 6,121,626


Perhaps it is in anticipation of the end-of-period trading statement (6/7/12, 12/7/11, 28/6/10)

[funkmasterp12] 06/7/2013 15:05

Some massive volumes yesterday, all look like buys too. RNS to follow perhaps?

[funkmasterp12] 21/6/2013 13:57

Not all broker notes get listed on public sites like that AFAIK. They could well have been older notes but the numbers seem to tally with estimates/sentiment etc, so not sure.

[funkmasterp12] 21/6/2013 11:49

Broker Date Rec Pre-Tax EPS DPS

N+1 Singer 20-06-13 BUY 16.21 6.20 3.30
Peel Hunt LLP 20-06-13 BUY 16.46 6.29 3.40

(Numbers are 2013 numbers)

This is from the Morningstar research section on the TD Direct platform. More here if you have access to their site directly: hxxp://tools.morningstar.co.uk/uk/stockreport/default.aspx?SecurityToken=0P000093HU]3]0]E0WWE$$ALL

[bearbully80] 21/6/2013 10:20

... with respect, somebody may have made an innocent mistake.
I do not see any new recommendations or reiterations this week (do you have a web page or some text to paste in?).

The last 2 broker estimates I see are from April and May:
13May13 Numis Add 98p Retains
02Apr13 N+1 Singer Buy 87p Retains
... and I would think even they are regretting ever having made such now ridiculous looking recommendations!

[funkmasterp12] 21/6/2013 09:42

Bearbully - the Buy recs/forecasts are from Morningstar.

[bearbully80] 20/6/2013 16:19

I think this (Fiberweb is mentioned towards the end) is interesting too - it could happen easily again if people can stay cool :)

www.valuewalk.com/2013/02/jim-chanos-david-tepper-john-griffin-short-ocado-group/

[bearbully80] 20/6/2013 16:12

Don't forget what Peel Hunt were allegedly predicting for mid-2013; this was around the H1 results announcement last year, in August 2012.



I don't know if that special-dividend could somehow be causing this speculative collapse, but if you hold now the net effect for you could be neutral or even positive.

Of course, you need to work this out for yourself - I only know what I have read here and other media/news sources and on the Fiberweb investors' site (which is actually quite good and has some very informative presentations).

[12at] 20/6/2013 15:48

thanks for sharing your views, this has somewhat relaxed me

i forgot to answer your 2 questions, it wasn't intentional, so will answer them now:

1) i have no valid reason to expect a positive IMS, its just hope.

2) I am basing this IMS date on last years, i'm sure there will be a fluctuation of a day or two either way

I keep lowering my stop loss with the loser's mentality of "it'll go back up"
Im sure i will regret this when i eventually get stopped out
i was going to buy in on the rally back in March but patiently waited for the inevitable pullback, i think i even commented here before buying.
I waited and waited then jumped in as the share price started ticking back up, at 79p, oh what a mistake that was

i'm not even sure where support is on the chart anymore

[bearbully80] 20/6/2013 15:30

... no problem mate, I had no reason to expect any answer from you to either of those 2 points, so I was not disappointed. That does not mean I am insinuating that you would just make up such a thing as the IMS, but it might be just a side-effect of your admirable "hope".

If you want some idea of what I think, read my previous email (2135).
In short, I won't sell at silly prices, even though I think they may even go down a little more until the H1 results when the shorts should get closed, because I value FWEB at 100p-150p. Whether this management can make that value in the next 2-5 years is another question (and Sterling Strategic could be asking themselves this too according to some pundits), but all the ingredients are in place: modern and valuable assets (NAV alone is over 100p!), strong balance-sheet, top R&D team and facilities, good products (various market leaders), no debt, 270M sales (assuming a 10% drop), mostly improving key markets (US construction increasingly looks good), the benefits of years of investment in cost-saving, UK rail projects (apparently one to watch), respected brand and sales team ...

There are a lot of positives, but investor-relations don't seem bothered about protecting investors or their sanity, or there is in fact still something badly wrong at Fiberweb that keeps prices so low despite all those positives.

If you look at the history of FWEB on the chart, you can see it is pumped and dumped all the time, since day 1. Nobody seems to mind as they probably all enjoy the ride and the bulge in their pockets. In the end somebody will either buy the whole shop for something like 250m (220m was paid for the other 40% in 2011) which comes to around 150p/share or Fiberweb will finally stumble upon a ruthless manager high enough up the food chain to secure the profit deserved by such a company, its people and products - and its shareholders.

I'm off to watch the rain - better than watching Fiberweb sink back to 68p again - who would have thought it would ever come down this low again? I did!
I "hope" it will go back up again too - but I have reason for such "hope" :)

[12at] 20/6/2013 14:55

i see bearbug, so may i ask why your still holding FWEB (if you are) when, like you said, bad news seems to be on the horizon

the share price is hardly suggesting otherwise

[bearbully80] 20/6/2013 14:19

if all you have as your reason for holding on to FWEB is "hope" that the IMS will be positive (when the last announcement already sounded like scene-setting for more bad news), then maybe it's quite sensible for you to sell your shares and bet on a horse, maybe the favourite if you feel a little risk-averse that day, and maybe even just each-way. And then you can "hope" it wins and the odds are probably more in your favour than with "hope" on a good Fiberweb IMS if you have no reason to expect it.
Do you see what I mean? Or do you have reasons to expect a good IMS and you are just not stating those?
By the way, where did you learn there is an IMS on 6th July?
Thanks in advance.