||ORD EUR0.01 (DI)
||EPS - Basic
||Market Cap (m)
Real-Time news about Polymer Log. (London Stock Exchange): 0 recent articles
|mjcrockett: cyberbub, The strength in the share price is interesting. I did not find the management statement in the results was all that convincing and I am therefore somewhat surprised that there is such strong support for the share now. I would have thought serious investors would have waited to see that management could begin to deliver, before jumping in. So, in my view, it is possible that there is something other than just 'recovery play' going on here. Maybe it is a huge new contract or maybe something corporate - time will tell.
|masurenguy: Polymer Logistics is included in Collins Stewarts 'Best Ideas for 2008'. Commenting that it is now well established in the UK and working with Tesco, Sainsbury and Asda plus Carrefour in Italy and Fresh & Easy (Tesco) and Wild Rocket in the US. Based on a PER of just uner 6, at the current share price of 71p, their share price target is 142p.|
|cyberbub: Er, ADVFN says that there have been 4 million shares sold today - (a) why hasn't there been an RNS, this must be an instituion, surely it will drop them through the 5% or 3% boundarym and (b) why hasn't the share price plummeted again??|
|davius: The results out on Thursday were in line with market expectations. Revenue up 58%, Operating Profit up 129%, Pretax up 164% and Post Tax up 299%. EPS trebled to 0.06 Euro. The current P/E is quite high, around 25, but the potential growth is significant and the 2008 projected P/E is now around 11. Still a very good long term prospect I would have thought. Lots of buying in the last two weeks and very little selling, with only a modest increase in the share price.
Successful IPO in December 2006, raising Euro22m (#15m) (net of expenses) of new money for the Company
Successful introduction of new products into core UK market, receiving purchase orders from Tesco, Sainsbury and Asda
Increased penetration of the German market, winning long-term contracts with leading retailers including Marktkauf-AVA (part of Edeka Group), Rewe and Tengelmann
US subsidiary established in Q2 with recognition from Wal*Mart as an Approved Case-Ready meat crate supplier within the year
Won four-year contracts from March 2007 with two leading retailers in Italy, Carrefour and Ortofin with expected total annual revenues of Euro15.0m
Strong order book for 2007|
Polymer Log. share price data is direct from the London Stock Exchange