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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Fiberweb | LSE:FWEB | London | Ordinary Share | GB00B1FMH067 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 101.75 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 101.75 | GBX |
Fiberweb (FWEB) Share Charts1 Year Fiberweb Chart |
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1 Month Fiberweb Chart |
Intraday Fiberweb Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 01/10/2013 | 14:44 | Fiberweb - time to take note? | 2,313 |
| 08/9/2009 | 11:42 | Fibreweb + value | 395 |
| 08/9/2009 | 10:40 | Fiberweb | 563 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 25/9/2013 14:23 by bearbully80 does anybody understand cfd trading?today's rns says there were two more long cfd bets increased again yesterday, both now covering well over 2m shares each, with "price per unit" of 102.5p and 102.65 respectively. does the share price have to go back above Blackstone's 102p offer for these cfd trades to show a profit? |
Posted at 23/9/2013 12:16 by bearbully80 sharw - would Fiberweb not have been expected to make some announcements yet about how to vote or to justify their positive recommendation and stance on Blackstone's 102p offer and, most importantly, to disclose interest from from any other parties yet if there have been any other inquiries? royaloak - somebody was paying 103.25p this morning, more than PGI's 102p (even when you include our 1.2p dividend), so those cfds might already be in the money. if they calculated a fair price for Fiberweb based on the board's statement's (for example, in nov 2011 - "our mid-term target for profit margins is 8-10% after the disposal of Hygiene", and the likely looking 310m sales in 2013 based on the interims and well-documented improving USA markets) that the board have consistently since then said they are confident of achieving, which gives more or less 20m-35m profit this year or in 2014 which gives a fair valuation of 130p-180p even with very low PERs. it could also make one scratch one's head as to why the recommend a bid of 30%-60% less than that. by the looks of it buyers are still struggling to find shares to buy and according to yahoo! finance finance.yahoo.com/q/ there have been only 22m FWEB shares traded since the initial announcement on 20 August. if that is correct, Balckstone's brokers need to pull their finger out and get buying but I, personally, don't see too many more holders letting their shares go for 103.25p - what's worse, imagine how those who sold at 94p, after the initial shake-out, feel today, and if the price goes up 10-50% more. again, from the same yahoo! page, it seems Balckstone may have picked up half those 22m shares as low as 95p! they will make whatever happens - that goes without saying. still, I came across nothing new over the weekend confirming any other bidders are chomping at the bit, but I am still holding on for either a much improved offer by Blackstone to get closer to the real value or a competing bid that offers at least the equivalent of what Petropar paid ~130p, and even then most cynics would concede that Petropar bought the less attractive part of the business, especially considering where we appear to be now in the economic cycle. paul - i hope it is clear that the information you credit me for re the irrevocable 35% not really being irrevocable at all if a higher bid comes along is just my own interpretation of appendiz b - i am by no means certain i understand that part of the document - does anybody else? |
Posted at 20/8/2013 10:07 by paulypilot Hi,OK I've been on the phone making enquiries, and this is the situation: Company now sees itself as being "in play". So anyone interested in bidding for the company now needs to get on with it, and knows what price they have to beat. Also, it sets the clock ticking re the PGI potential bid, as they now have 28 days to act. So it's not a done deal yet, and there is potential upside from a competing offer, should any other party decide to throw their hat into the ring. In my opinion, given that the PGI offer is far from generous, I think there is upside both from a competing bid, and from (long term) the company remaining independent. If the bid falls away, the share price would probably drop about 10p to say 84p, and it's good value at that level on fundamentals. Give it a year, and the share price would possibly have recovered to 120p+ on improving Western economies. It's a straightforward cyclical business, so it seems pretty bonkers to sell out near the bottom of the cycle, at a low valuation! I'm sitting tight. Cheers, Paul. |
Posted at 06/8/2013 09:38 by bearbully80 Paul,I appreciate your extensive reply but it is only what you have said before and I understand this "gut feel" approach and agree with it. My question was more about why my calculation, which is done exactly as I understand how companies should be valued (discounted cash flows) I get such a big PER (20) which gives a fair price of 134p assuming 6.7p EPS . I did not pluck that PER of 20 out of the air, I calculated it. If you have knowledge in such calculations, please review the logic and calculation of my post and tell me where it went astray! I repeat the logic below to save some time for anybody that has such knowledge and experience with this sort of calculation and has time to help me understand what I got wrong: The board's medium-term target for margins is 8-10%. The CEO reiterated management is confident of meeting the board's targets. The company recently announced a "Long-Term Incentive Plan" (RNS 8162E) where 1 million shares will be shared between the CEO, FD and the Director of Business, at nil cost, in May 2016. If we assume that one measure of performance for this award is this margin target being met, say 9% by 2016 interims, starting from today's 6% actual-margin, at least 15% earnings-growth per annum is required for 3 years. If you consider 10% to be a good annual return, then the fair FWEB price-earnings-ratio (PER), assuming the above mentioned 15% earnings growth for 3 years followed by a benign 3% earnings growth per annum thereafter, would be 20. With an expected 2013 EPS of 6.7p, that would indicate a fair share price of 134p for FWEB. |
Posted at 06/8/2013 07:06 by paulypilot Hi bearbully80,I think a PER of 20 is a bit of a stretch, starting as we are from a PER of about 10! In my view we should be looking for a re-rating to a PER of about 13-15, on the back of solid interims just announced, and economic recovery in the USA & UK, which combined comprise 59% of FWEB's total sales. Based on consensus forecasts of 6.3p this year, and 7.4p next year, that translates into a share price of 82-111p. So barring something unforeseen happening, I reckon there's a fairly easy 30-40% gain to be had here, from the current 77p share price, and moreover we receive an excellent dividend yield whilst we wait. With an excellent Balance Sheet too, the downside looks well protected - i.e. if they did have a bad year, then they could continue paying the dividend, and restructure without having to worry about debt, because there isn't any! It's not the most exciting thing I've ever seen, but looks a very nice low risk, reasonable reward type of thing that is overdue a re-rating. DYOR as usual, just my opinion. Regards, Paul. |
Posted at 06/8/2013 00:25 by bearbully80 sharw, Paul and others who can help - I have been working on this every free moment I got since Sunday afternoon but I still make the fair value of FWEB 134p - can you please review my logic below?The board's medium-term target for margins is 8-10%. The CEO reiterated management is confident of meeting the board's targets. The company recently announced a "Long-Term Incentive Plan" (RNS 8162E) where 1 million shares will be shared between the CEO, FD and the Director of Business, at nil cost, in May 2016. If we assume that one measure of performance for this award is this margin target being met, say 9% by 2016 interims, starting from today's 6% actual-margin, at least 15% earnings-growth per annum is required for 3 years. If you consider 10% to be a good annual return, then the fair FWEB price-earnings-ratio (PER), assuming the above mentioned 15% earnings growth for 3 years followed by a benign 3% earnings growth per annum thereafter, would be 20. With an expected 2013 EPS of 6.7p, that would indicate a fair share price of 134p for FWEB. Search for "money chimp pe ratio calculator" for an easy to use PER calculator. Add to the equation the cash (which when invested properly should improve earnings further) and the expected recovery in Fiberweb's main markets, the benefits of the big capex projects, on top of the optimism for their latest innovative products and new "talent" they have taken on, this seems like the place to be. I am not much good with formulae so please do point out, and if you can, correct the errors in my logic. 134p and 76.5p are not very close. |
Posted at 05/8/2013 02:04 by golden silence Dear Pauly Pilot,You'r writing reflect general good mood. I don't see falling some more iether. But before to put some more of money for FWEB review lastest 20 director deals of millions selled. Balance sheet is not so much strong as seem on quick look iether. 3.8M US tax payment just they have find out (we all discover unexpecteds sometime) and 4.5M cost of Terram India and they will to pay more if they want remainder, if make a success from it, add "change working capital" so cash can be zero on 2013 end, no problam. So subtract next acquisistion, "10-15M", they wish: find 10-15M in debts. Money back to shareholder carrot is rotted under such circumstancing, with 1* gearing target. No body apart of DuPont have possibility buy them in post-disposal shape, thereof takeover too much even for pray on, and like slides show during CEO "Outlook" speach, not possible Fiberweb dispose of more bits without adversle affect tiny margins else-where. This slides is of interims presentation, on Fiberweb website, and very nice. Intention good, strategy clever. Like you sayed, sensible investment for yield, and managers might avoid accident for jeopardese share price, but before directors buys shares, I do not wait too much gains over so-so yield. If directors to start again to buying significant volume, anybody with cash to follow, quickly, probably and maybe will have nice time! Only thing other I do imagine helping recover is find unique innovation up their sleeve. DefenCell could be the one they sayed, but they never milk cow. If there wered such product on pipelines, you should expect directors re-mortgage of home for to buy shares (not just waiting waiting waiting new shares bonus every 2,3 years, and sell half for pay tax, all on expense of their share holders). For this share today, just one key indicator exist which is directors buying. If non, "good" yield could drowned by oscillating in 85p to 72p share price. I pray for dip again tomorrow so you buy with good price. Good luck fine gentleman, the fund you are advice to invest and to your follower. Excuse my accent of English. I not English and drink big whisky before think to invest. Golden |
Posted at 05/4/2013 15:32 by alter ego 12at, individual trades are unlikely to move the share price It is the weight of supply and demand that does. Assuming no manipulation, if market makers have excess stock, it can take a lot of buying to move the price up and conversely if they are short of stock a little buying can have a disproportionate effect.MM's can induce buying or selling to suit their "book" by raising or lowering the price when they choose to and quite often it looks as if the price is falling when everyone is buying and vice versa. Unless you are a trader wishing to make money fast, it's best not to get too hung up on minor movements in quoted prices and concentrate instead on whether or not the share price is too high or too low given the business you are buying part of or wishing to sell. |
Posted at 06/11/2012 06:02 by lionelw insipiens - I read your screenplay twice but still have no idea what you are on about. It looks like there is a point to it, but I don't get it. And it seems to have some humour in it too, but that went over my head too. Did you not say you have closed your interest in FWEB? Are you here just to make friends? Do you have any opinion on where the FWEB shares go from here and your reasons for that?V11SLR - is there any way to confirm the Henderson Global Investors short position in FWEB and to understand what their reasons are for expecting yet further weakness? (according to the FT, they held 6.41m or 3.02% in FWEB as of 29 February 2012) Would they not have issued something publicly to stir up fear and uncertainty to improbe their chances of the share price moving down further still in their favour? At what price do you think will they have to buy (2.8m shares) to close their short? Obviously things are getting interesting again and I am convinced there will be a big move - if they are getting close to the promised margins then it will shoot up fast, if they are still not able to make any money from 320m sales even when free of the huge debt interest and the massive restructuring costs then it will drop even faster. We'll see who has got it right, HGI or HVS. Then there is the huge anticipation for the special divi and its potential game-changing impact on the share price just to make things more complicated for investors. hvs - don't listen to anybody here (especially me - I just think I know it will move sharply, but who knows which way!) just do what you think is right for your money ... and keep buying, LOL |
Posted at 15/3/2012 09:31 by lionelw pj - where did yo uget 80p from, or was that a typo and you really meant 60p?bs - why don't you leave hvs alone? hvs - why not say something about the company or shares every now and then? insipiens - what's going to happen to the FWEB share price? |
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