Holders Technology Share Discussion Threads

[cjohn] 18/2/2013 10:51

I've been watching these for some time.

For valuation purposes, I think all tangibles that aren't current can be written off: a few thousand quids worth of property doesn't get the heart racing, and the Chinese intangibles are going to be impaired.

So it's all down to 5.14m net current assets minus long-term debt 226k. About 4.9m against a mkt cap of 2.7m.

This is tempting, but not enough. Trading looks likely to be poor for some time. Over-capacity in LED and PCB manufacture. Poor margins.

[donemyhomework2] 08/2/2013 18:58

So its 15th March for the final results; another month to go!!

[gengulphus] 12/12/2012 14:26

Either that or expectations were lowered between the two updates!

Gengulphus

[donemyhomework2] 12/12/2012 05:57

In its previous RNS they forecast to be below expectations. Now the expect to meet expectations suggests they did better and possibly turned the corner. It's LED that is HDT's future not PCB's.

[yoyoy] 11/12/2012 07:51

D2,
Why do you say that?

this is the trading update. It cannot be great news about China and its future potential



Holders Technology plc

Trading Update

Holders Technology plc ("Holders" or "Company") announces that trading for the
year to 30 November 2012 has been broadly in line with expectations and the
company anticipates reporting a break even result or small loss for the year.
The board of Holders is undertaking a review of its continuing PCB operations
in mainland China and the outcome of this review is expected to result in a
non-cash impairment charge in respect of its China PCB asset values.

The result of this review will be announced on 15 March 2013 together with the
results for the year ending 30 November 2012. The Annual General Meeting of the
Company will be held on 26 April 2013.

For further information, please contact:

Holders Technology plc 020 8236 1490

Rudi Weinreich, Executive Chairman

Victoria Blaisdell, Group Managing Director

[donemyhomework2] 11/12/2012 07:39

I think this must be the lowest point. It will gradually start moving up from now on.

[donemyhomework2] 14/2/2012 14:49

These were around 95p when they paid the same dividend last year so I am not complaining!!!

[vulgaris] 14/2/2012 11:49

Unfortunately 3.25p dividend seems to be offset, and more, by 6p fall

[donemyhomework2] 14/2/2012 07:15

Another 3.25p dividend coming along!!

In these periods of uncertainty a good dividend is allways very welcome!!!


LED business up 317%!!! and "significant" progress by European LED operations suggests that will balance any weakness in PCB markets.

[donemyhomework2] 11/1/2012 16:18

Results out next month?

[donemyhomework2] 04/10/2011 10:14

Dividend promptly paid in!!!

[donemyhomework2] 30/9/2011 07:43

In fairness they did have to do that; its good the revenues are not just keeping up but increasing.

LED is in fact a new area for the group PCB's still being the main line.

This could be a good opportunity to buy!!

[yoyoy] 30/9/2011 07:17

Is this the first of many trading updates from companies that have been increasing their selling costs to get into new markets (Europe, US and SEA).

[donemyhomework2] 21/7/2011 08:16

What an excellent set of results!!!

Turnover up by 42%

Profit before tax up by 151%!!!

EPS up by a whopping 200% !!!

And net assets are up to 155p per share; so at 130p the shares are still trading at a massive discount!!!

[donemyhomework2] 18/7/2011 06:21

Results this Thursday!!

[donemyhomework2] 05/7/2011 20:52

Results on 21 July; two weeks and two days!!

[donemyhomework2] 17/6/2011 09:34

It was 22 July last year we had the half year report ; so we are still a month away to the results.

[skyship] 24/5/2011 13:50

Yes - rec'd mine today. Commendably rapid payout.

[donemyhomework2] 23/5/2011 06:54

3.25p dividend paid tomorrow!!!

[donemyhomework2] 09/5/2011 09:28

The share has gone XD now but the 3.25p dividend has not been knocked off the price; in essennce the price has gone up by that amount today which is very good news!!

[skyship] 27/4/2011 13:46

DMH2 - May be so; I admit to having rather short-term thinking.

LED technology has been around for eons, but suddenly fashionable with so many cars sporting DRLs (Daytime Running Lights) - or "Tartlights" as my prospective son-in-law described them on his Audi A5! Also just bought an LED manually recharged torch...

[donemyhomework2] 27/4/2011 13:19

Skyship it was wise not to increase the dividend and no doubt this will increase in line with increased profits next year.

Yield is very good and so in net asset value; cant really go very wrong here!!

[tictac] 27/4/2011 13:14

Management seem to be quietly getting on with doing a good job. No real short-term pressure for LED business to deliver, but clearly hope that the encouraging growth point to good returns on the longer term.

Don't really see the share price doing anything much. Upside a little more likely than downside of course.

[skyship] 27/4/2011 12:52

120p....could this be the next leg up developing...just in time for the 3.5p divi

[skyship] 27/4/2011 10:29

AGM statement by Rudi Weinreich, Chairman and CEO:

"The current year is performing in line with our expectations. The PCB part of
our business is benefiting from strong trading on the part of our customers,
particularly in Europe. The LED activities, whilst still in their development
phase, are showing encouraging growth in turnover."

Profitability may not yet have kicked in on the LED business, though not surprising so early. Still, overall sounds positive; and perhaps we might see an increase in the Interim Dividend from the 2.1p level last year.

I was disappointed that we didn't get an overall increase last year - the total divi being maintained at 5.35p with an EPS of 12.89p (2.4x cover).

Still, at 118p the historic PER = 9.4x and the yield = 4.5%; so they continue to offer good value.

The Interims to 31st May'11 will be announced in July.