Flutter Entertainment Share Discussion Threads

[dick grasso] 01/3/2011 10:40

That to me is a break out! little thin on the volume currently so hopeful of a bit of buying later on today!

[nellie1973] 13/1/2011 14:24

Broker upgrade-BUY

[quickmind] 20/10/2010 21:30

...

A third quarter trading update that was merely in line with expectations was a cue for a round of profit taking in Filtrona, the international supplier of speciality plastic and fibre products.

Panmure Gordon thinks that with the shares closing last night at a 52-week high of 259p the stock is no longer worth buying, though that view was expressed before the market knocked more than 5% off the share price in the morning session.

Panmure Gordon switches its stance from "buy" to "hold" but maintains its 274p price target after the company achieved slightly better overall growth in the third quarter than the broker was expecting.

The broker notes, however, that "there are a number of issues within the mix."

These include a cautionary note on growth in the porous technologies division in the fourth quarter as a result of overstocking by its largest customers, and cigarette tax changes in Japan bringing filter orders forwards into the third quarter.

The broker's full year expectations remain unchanged though it has fiddled around with the forecast margins of the group's various divisions.

"We believe Filtrona continues to make significant progress, though as is always the case it may pay not to get too carried away too far in advance," the broker said.

[cockneyrebel] 19/10/2010 13:02

Making new highs here today and a lovely chart.

CR

[shauney2] 06/9/2010 10:03

Morning all,
FLTR going for the 250

[yoyoy] 26/8/2010 12:15

"Shares in Filtrona Plc gain as much as 4 percent to 238 pence after the British plastic and fibre products supplier reports first-half results above expectations and forecasts strong growth in the second half. WH Ireland Securities initiates coverage on the stock with a "buy" recommendation and a target price of 290 pence. "Filtrona offers further potential outperformance for investors, this is based on a superior growth profile driven by largely stable defensive markets coupled with high growth, high margin opportunities," say analysts at the brokerage."

[shauney2] 26/8/2010 08:33

Very good results.
Should give a nice kick in the rear of PRV also.

[cockneyrebel] 26/8/2010 08:28

Expecting these to break out over the next few days once broker upgrades are out imo.

CR

[cockneyrebel] 26/8/2010 07:52

Well better than half the years forecasts in H1 - gonna do better than next years forecasts this year imo.

Cracking buy imo.

CR

[yoyoy] 26/8/2010 07:26

forecast eps for 2010 is/was 19.1p. achived in first half 11.3p.

So my quick reading is ahead of forecasts.

Interim divi up more (11%) than forecast for the year (5%)

[yoyoy] 25/8/2010 18:23

sod - I bought on that. :-)

[cockneyrebel] 25/8/2010 12:33

A typo in that post above - 22p eps and a 10.2p divi forecast by RBS for next year not 22p divi - sorry.

CR

[cockneyrebel] 25/8/2010 10:17

How are these so cheap after saying they are materially ahead and with results tomorrow? This is a FTSE250 co.

CR

[cockneyrebel] 18/8/2010 10:00

"As a result of cumulative trading from 1 January 2010 to 5 June 2010, it is now
anticipated that the Company's performance for the half year ending 30 June 2010
will be materially ahead of the Board's previous expectations.

An outlook statement for the full year will be issued on 26 August 2010, with
the results for the half year ending 30 June 2010."

RBS forecasting 22p eps and a 22p divi for the year ahead - ruddy cheap for a FTSE 250 stock even if they aren't materially ahead imo.

Results next week.

CR

[cockneyrebel] 15/7/2010 10:43

breakout picking up pace

CR

[cockneyrebel] 14/7/2010 12:01

Chart breaking out today

CR

[wynmck] 24/6/2010 09:17

Full page BUY Tip in Shares Mag today

[cockneyrebel] 23/6/2010 12:49

Out the traps - through 223p then it's test the highs then a blue sky rally imo.

CR

[cockneyrebel] 23/6/2010 12:37

Large volume - overhang gone or nearly gone - should belt away once done imo - there was huge buying for these on the results at much higher a price.

CR

[cockneyrebel] 21/6/2010 13:55

Panmure forecasting 19.4p eps this year, 22.1p next year - bound to be cautious ahead of the results imo.

Divi forecast to go to 9.2p+ next year by RBS.


A fwd PE under 10 and a near 5% yield from a FTSE250 stock growing earnings at around 35% this year.

That looks cheap to me.

CR

[cockneyrebel] 21/6/2010 13:52

Big double bottom @ 198p and now the big push north imo.

CR

[edcrane] 17/6/2010 07:51

and from the Guardian with some new profit estimates

Panmure Gordon has moved from hold to buy and raised its target price from 233p to 265p. Analyst Paul Jones said:

Unexpectedly strong growth in a number of areas for Filtrona, with a combination of restocking through the supply chain and strong performance in a number of different areas. Given the attention to cost base and an improvement in mix of products, the drop-through to the bottom line is also slightly better than expected.

A number of markets appear to have seen a return of demand, and prospects appear much better than before - albeit with little visibility and certainty. However, strength of this growth suggests a much better year for Filtrona and given cost reductions and efficiency improvements an increasingly improving bottom line.

Our full year [forecast of] £55m rises to £60.6m, with next year £60.7m rising to £68.8m.

[cockneyrebel] 17/6/2010 07:43

It was undoubtedly a good day for investors in Filtrona yesterday as the group surprised the City by saying it was doing better than expected. The dividend yield alone justifies a buy recommendation and yesterday's share price jump shows that Filtrona is now on the market's radar. The case for buying shares in Filtrona is compelling and investors should fill their boots. Buy, says the Independent.

[cockneyrebel] 16/6/2010 11:20

0757 GMT [Dow Jones] Panmure Gordon upgrades Filtrona (FLTR.LN) to buy from hold, and boosts its target price to 265p from 233p. Says the company issues a very positive update, with growth much better than expected and margin improvements dropping through. Adds a number of markets appear to have seen a return of demand, and prospects appear much better than before - albeit with little visibility and certainty. "However, strength of this growth suggests a much better year for Filtrona and given cost reductions and efficiency improvements an increasingly improving bottom line," it adds. Shares +17% at 229p.

CR

[cockneyrebel] 16/6/2010 08:29

if 'materially ahead' they must do 20-22p imo. That should mean 22-24p eps forecasts for next year imo.

A sigle digit PE for a FTSE250 stock with this sort of growth?

Probably looking at a 10p divi next year or perhaps this year if they are that well ahead.

Looks very cheap still imo.

CR