Impellam Share Discussion Threads

[dugganjoe] 13/2/2012 13:24

EPs of 50p? Is that correct ?>

[druinsky] 13/2/2012 13:12

Anyone watching this

[spot1034] 13/2/2012 13:03

Also holding here - surely it's about time they started paying a dividend which might help the share price a bit?

[foxman14] 13/2/2012 12:49

Yea extremely low p/e. Hope it is just down to the 'Ashcroft factor' as bought some more earlier today at 250p after it ticked up. Finals last year were on the 16/2 so might see them later this week.

[cb7] 08/2/2012 15:30

yep, results maybe next week, no doubt with no warning! I sold most above 3 quid as the general market looked iffy and bought again recently, including today. My broker has eps at 63. My only concern is the state of the UK economy affecting their business. You can only buy 10 online atmo (1530).

[chrisb1103] 08/2/2012 15:20

Bought in today at 240. Results due soon - been mid Feb last 2 years. Message board almost as quiet as the company as they've said nothing about trading since July 2011! But.. if the forecast i'm looking at is right eps 55-60 (and they've not warned) these are trading on a PE of 4ish for the current year. How cheap is that compared to the rest of the sector?

[horace678] 11/11/2011 09:25

I also think the company will be sold sooner or later, as that is the Ashcroft pattern.

[spot1034] 11/11/2011 09:02

Still trading at a substantial discount to peers, presumably because of Ashcroft's major stake. I'd have thought a buyer could pay a significant premium to the present price and still get good value. I am sure that will happen sooner or later. In the meantime it might help the share price if they paid a dividend.

[cb7] 11/11/2011 08:45

there may have been the odd case of that, but it looked like they were just soaking up numerous small sales. It seemed to put a floor on the price. However, there has been no notified purchase for 2 1/2 weeks....and the price has drifted lower...have they stopped? I offloaded most of mine around 3.20 when the market outlook deteriorated.

[thorne3] 10/11/2011 16:19

I suspect the buy backs relate to stock held by favoured associates who would not otherwise be able to sell in what for most of the time is a very tight market These things do happen in what are essentially private companies.

[horace678] 28/10/2011 17:44

The company has spent about £1m so far on buy-backs. It can only be good for shareholders as all our percentage holdings go up. Presumably the company cannot be vulnerable to a bid, since Lord A (or his family) own 57%, so he would have the final say. I personally go with the theory that they are looking for a buyer. Cheryl Jones (chairman of IPEL) has recently been appointed non-exec chairman of BCB, so this diversification of interests may indicate that her work at IPEL is drawing to a close.

[spot1034] 28/10/2011 17:10

I'm just wondering if all this buying back of shares might be because they know they are vulnerable to a bid - or maybe have become aware of someone sniffing around, or are even about to put the company up for sale - and want to get surplus cash off the balance sheet so that if a bid materialised it would go to the shareholders (of whom Lord A is by far and away the largest) rather than ending up as a rebate to the buyer. Of-course anyone doing due diligence would take account of such things but in reality, the odd few hundred thousand would perhaps not be taken into account when determining a total price for the business.

Just wondering aloud having added 5k today at 2.9676, which was reported as a sell!

[spot1034] 25/10/2011 11:31

Another 67,000 shares bought back yesterday.

[paleje] 22/10/2011 08:42

Good spot horace, overall though not good publicity for the co, maybe they should be cutting costs in other ways.

[horace678] 21/10/2011 19:06

Cutting costs at IPEL:

[mikeja] 12/10/2011 07:39

I bought some back at an average of around 280p.Judging by the share purchases they may have paid off nearly all the debt which they will have done out of cash flow.At least it puts something of a floor under the share price and may indicate a bid for the minority further out.

[horace678] 11/10/2011 10:07

Ah, ok, maybe there is a bit of debt. Last time I looked there wasn't any. At any rate, if they can spend almost £1m so far on buying back shares and burning them, they must have cash to play with!

[paleje] 11/10/2011 09:47

Thanks, looked like they had a bit of debt on their last statement not much though, 16m. They don't seem very communicative towards shareholders.

[horace678] 10/10/2011 20:20

They don't have debt. My pet theory is that they are increasing Ashcroft's percentage holding in IPEL to be exactly the same as his holding in RST so that they can bolt the two companies together - just a theory!

[purav] 10/10/2011 16:45

theydont have debt?

[paleje] 10/10/2011 15:31

They bought again on Friday. Anybody know why they're using cash to buy back shares instead of pay down debt? Even though they look cheap, it's not as if they're saving outgoings they don't pay a dividend, or perhaps they have plans to introduce one? I know it raises the value of shares in circulation slightly but to what end.

[horace678] 07/10/2011 13:12

Indeed, and they spent £600k in doing so, which means they must have cash to spare.

[williamgtheobald] 07/10/2011 12:47

If they are buying back their own shares it bows well for the future they must think the stock is cheap.

[cb7] 05/10/2011 09:43

Just prior to the purchases I had reduced my holding substantially, as I thought that the market was heading down. However when the fall came, these company buys have clearly supported the shareprice, such that it has outperformed the AIM market.