Office2office Share Discussion Threads

[sven2006] 12/9/2013 11:11

CR, what do you make of all these Director buys ? Seems compelling to me.

Sven

[cockneyrebel] 11/9/2013 15:16

RNS Number : 7701N
Office2office PLC
11 September 2013
11 September 2013
office2office plc
Notification of Directors' interest in shares
office2office ("o2o" or "the Company") has today been advised that Jim Cohen, Senior non-executive Director, has increased his beneficial interest in o2o following the purchase on 10 September 2013 of 41,850 ordinary shares of 1p each in the Company (the "Shares") at a price of 49.00p per Share. His total beneficial interest is now 107,346 Shares.
This notification is made in accordance with DTR Rule 3.1.4.
For further details contact:
Debbie Rodwell, Company Secretary - telephone no: 01603 691241
Reg Hoare/ Katie Hunt, MHP Communications - telephone no: 020 3128 8100
Date of notification: 11 September 2013
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSSFDFLFFDSEFU
(END) Dow Jones Newswires
11-09-13 1414GMT

[mathewawood] 10/9/2013 13:47

Iv'e had a good long think about this and am now pretty sure the share price jump is down to the over hang from Milton clearing coupled with the director purchases.

How you value this company is all down to what risk you ascribe it i.e. its discount rate(DR). Put in a DR of 25%+ (a very risky in-debt company )into a Discount Cash Flow Valuation and you get Fair Value of

[cockneyrebel] 10/9/2013 07:59

Looks like Nick Gerber and the director buy cleared the Miton Grp stock that they were selling imo.

CR

[she-ra] 09/9/2013 12:20

OfficeTeam Group have said only fairly recently they may make acquisitions.I wonder if they might take a look at their slightly bigger rival Office2Office?

It seems like most of their services overlap whilst office2Office has some other value added services that may be attractive to OT.

It seems that this is a sector where size matters.

[sven2006] 09/9/2013 10:22

Hope so Mathew !

[mathewawood] 09/9/2013 09:43

Another 12%+ rise just in 1 hour today. Thats over 33% in 3 days! There's definitely something going on. With this American (All the big stationary firms are US based) guy moving in as well it can only mean one thing IMO.

[mirabeau] 07/9/2013 15:28

Strip out goodwill from the balance sheet (I assume 'intangible assets' are goodwill) and it does look decidedly weak but they are generating cash from operations and that's always a huge plus especially when the cash generated is being used to pay back debt

It's a definite recovery stock. That gradual removal of debt weight from the balance sheet always helps to rerate a stock ie TCG being a classic example

[cockneyrebel] 07/9/2013 15:18

He's an interesting guy if you search him out on Google UK-I

CR

[ukinvestor220] 06/9/2013 18:52

Ameristock fund Nicholas Gerber loaded up on Wed RNS today 720K to 1.18m 3.25%

[she-ra] 06/9/2013 12:28

Its legal if O2O hadn't been approached before and when they bought their shares.

[mathewawood] 06/9/2013 11:54

23% rise in 2 days. With no new news what so ever. Something's going on for sure.

The Mkt has massacred this company (Mkt Cap was as low as £10M!)so that now you can buy a £230M+ revenue company (still making decent profits as well) for peanuts. So yes its a definate candidate for a takeover. But three directors purchased £88K on the 30th Aug. Is it legal to do that with another company intrested?

I've had a view for a month now (post 520) that there's been a over hang on the SP, so maybe that's now cleared. I'm not sure that would explain such a jump though.

[ukinvestor220] 05/9/2013 20:51

ive no idea - they may do.

[she-ra] 05/9/2013 14:20

ukinvestor220 - Would Staples be interested in this as it seems to cover everything Staples would want?

As Staples has been heavily reducing their store portfolio would they want to move into this area of direct business?

[ukinvestor220] 04/9/2013 10:30

260K total shares at 34p = £88,400 is considerable imo. if they can further increase the BCS revenue this will look very cheap.

[bench2] 30/8/2013 22:11

Any thoughts on recent 6 mth results . No div but debt has been reduced and statement not so gloomy as expected . WHIreland now forecasting eps of 10p on £5m PTP .. Very high risk , but directors buying shs today at 34p not huge amounts but confident enough to indicate the receivers not expected yet . I might put a toe in but have to assume an equity fund raising on the cards .

[mathewawood] 14/8/2013 15:57

I'm really interested to see what happens to this share price over the next few months. After the profits warning some big holder has obviously said enough is enough and has decided to bail out at any price. You can see from all the buys going through described as sells and the incredibly tight spread. The spread at the moment is negetive!! TD are quoting me 39.35 to buy 39.5p to sell. Thats a desperate seller. With current Mkt Cap at £14m they are basically saying the company is going under.
Yet to me the company looks extremely alive with revenue growing. The house broker downgraded EPS for 2013 to 12.4p from 16.3p (Im surprised the companies RNS said "underlying profit for the full financial year will be significantly below current market expectations." a 20% miss doesn't warrant it.) They also predict a Divi of 7.2p (thats a whopping 18%) If the broker estimate is correct and remember these guys have a hot line to the management so its our best guess. Then the current 39p share price is far too low.
The interims our out tomorrow so I guess they might give us a clue as to who is right the big seller or the broker?

[she-ra] 05/7/2013 16:42

So this must be the bounce.

[phoenix1234] 05/7/2013 08:00

Office2Office – buy for a 13% yield: you are kidding me right?

[phoenix1234] 04/7/2013 13:21

Office2Office – Do you WANT people to think you are dodgy?

[topvest] 03/7/2013 21:29

Never invest in an industry that has gone ex-growth and is being impacted seriously by technological change is the lesson here. Stationary is not a great market to be in these days!

[she-ra] 03/7/2013 18:24

Panmure Gordon had it as a buy at £1.Shows how wrong brokers can be. If you had followed most brokers with Office2Office you would be holding some big losses.

I'm starting to wonder if this is a CPP Group but then again it could be like a May Guerny and jump.

I just don't see how they can overcome the debt they are straddled with.But I have been wrong before.

[castleford tiger] 03/7/2013 17:05

Well lots of brokers suggesting its a buy.

200 million plus of turnover for a market cap of 15 million.?

I mentioned 50p ages ago.
Put my money in today at 45.5p.

Tiger

[pugugly] 03/7/2013 08:56

mathewawood:> Your price prediction spot on. My worry is that the business model may well be broken with customers switching supply model and more transparetn prices in the market.

If so with the hight level of debts and negative NTAV of £1.06 in 2012 (source Refs) this could be the begining of the end.

Been on watch list for ages but always seemed over valued.

[mathewawood] 02/7/2013 23:06

From the March Results "The net debt of £29.0m is supported by borrowing facilities of £50.5m committed until June 2015. The facilities comprise: a term loan of £17.5m repayable over 5 years with the next instalment of £0.5m due in May 2013; a revolving credit facility of £2.0m; overdraft facilities of £4.0m; and an invoice discounting arrangement of up to £27.0m. Financial covenants are applied to the committed facilities and the Group has continued to comply with these with significant headroom." So shouldn't be in any financial trouble.

But from a "on track" trading statement just 2 months ago, to this. I had no idea stationary could be so volatile!

Even though the P/E is already very low. The market kills this sort of statement.
Will be lucky to get 50p tomm morning.