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Intermodal Share Discussion Threads
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|For your info. I don't have a stake in this company, yet, but my attention was drawn by an article in the INvestor Chronicle, which listed IMR as one of 6 potential recovery plays for 2007.
".. business is picking up in Germany along with the Eurozone economy. IMR has transformed its business model by removing the hefty swap body and trailer assets from its German business through a sale and lease back agreement - a deal that could be repeated in the UK
The deal sees a German finance house (GFH) take ownership of the assets. IMR effectively becomes the manager, with the added bonus of cleaning up its balance sheet and leaving it with a cash surplus. In addition, the GFH is keen to fund te purchase of more swap bodies and trailers, which allows IMR to increase its fleet at significantly lower cost. In the early months of 2007, it will increase its swap body fleet in Germany by 38%.
In the short term this radically changes IMR's business model and will mean less turnover going through its books as it will merely be charging a commission on the swap body rental. However, the profits should be broadly similar, and the company is now backed by a Â£1.5MM cash pile. It's share price has been hammered by one significant shareholder selling down a stake, but this overhang is now gone. So after falling from 11p to below 5p, this share could be ripe for a re-rating. At current price (5p then) shares are 8.1x expected FY earnings, and 6.95x in 2007."|
|Could be turning the corner now they have cash in the bank and debts paid.
Don't take my word for it, though, PDYOR.|
|Is this a total hound? what's going on? What happened to collapse the price in October?|
|Let's hope it's a regular divi, and not just a one-off!|
|Like you mjneish i have a smallish holding in these.Management must feel pretty confident about things otherwise i'm sure that divi would have been pulled.Transport sector as a whole a bit in the doldrums but with the so-called experts saying that German economy is recovering IMR are in the right place.Contracts with some decent companies too.I'm quite happy to put these in the bottom drawer for now..... especially if they are now going to pay a regular dividend.|
|A pretty mixed bag I think. I didn't like the results at the first reading, but after looking at them a bit closer they don't seem so bad. At least IMR don't appear to be going under. They've addressed the serious debt situation, but with drastic measures: selling the entire swapbody fleet to Unitas, which rather left me scratching my head. So I think revenues in Germany will be sharply down from now on, but on the other hand margins will be up as many of the overheads will (presumably) be covered by Unitas. The pretty hefty interest charge will now also be all but gone.
There's also a divi coming up in November.
I have a pretty small holding in these, not enough to make much of a difference, but enough to keep me interested. Any other comments?|
|Results out but what a funny time of day to announce them!!!|
|It's very quiet here. I just had a peep at their Web site, and it says there that the interims are due on the 28th.
|Two new contract wins with major logistics providers announced today.
Looks as though things are certainly going in the right direction.|
|Very quiet on here so guess it's off most peoples radar.
Since last results the company has announced a new contract win and with the price trading at around NAV this looks good value to me.
Comment in the I.C. last week that the level of profit could double earnings and halve the p/e ratio.Rated them as good value.
I am a holder of these.|
|Wonder why FD Andrew Frome left after completing his period of probation??|
|I am surprised there aren't more on this BB.
|This is quit a tight spread. I wonder why no interest in this company?|
|Back up to buying point. Hopefully this is the start of an 'up' trend. Incase anyone is interested.|
|Hello? Hellooooooo! It's lonely in here. Nobody but me. Anybody?
Who said that? I thought I saw someone... oh, just my own shadow.|
|SO they are releasing more shares, is this why the price is going down?|
|Well I guess no news is good news? Are there any other IMR investors out there?|
|Me 2 in at 13. All seems well in the exciting world of truck/trailer rental huh?|
|Very interesting day of buying??? I'm in at 13p and nice to finally see some input on this one - thought I was totally on my own!|
|yes, watching for now. no position.|
|is there any one out there in at 13p|
|AIM-listed truck-trailer rental business Intermodal Resource
PLC said it is "encouraged" by current trading across both its divisions in the
UK and Germany.
In the company's first trading statement since its admission to AIM in
August, chief executive Robert Montague said: "We are encouraged by trading
across both divisions to date."
He said the transport logistics industry "has been extremely receptive to
our partnership approach and the new contracts signed by Axis and Trailerent
endorse our confidence in the future."
Intermodal was set up last December as the holding company of Germany's Axis
Intermodal and its UK operation Trailerent.
Utilisation of the Axis swap body and chassis fleet has remained high
throughout the year "and the continuing gentle up turn in the European economy
augurs well for the future," Montague said|
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