Premier Farnell Share Discussion Threads

[spooky] 20/9/2015 19:13

What about debt?

[eastbourne1982] 20/9/2015 12:48

Well established business with profits of circa 70 million, dividend yield of around 5%, market cap of under 400 million, anyone know of any other listed companies with the same kind of figures ?

Sentiment is poor at the moment however surely fair value must be around £1.50 - £1.80 a share.

This must now be a massive candidate for genuine takeover interest.

[simon templar qc] 18/9/2015 18:04

But for the Dow falling I suspected the share price would have bounced today CWA the share price is unlikely to go much lower imo.

[cwa1] 18/9/2015 09:09

Morning All

Well, in spite of my gentleman's agreement with myself NOT to try and catch falling knives, I've STILL gone for a modest punt on PFL at 108p in the hope that, on a medium term view, it will be worth a little bit more than that. Must be mad :-)

Good fortune and luck to all holders.

[simon templar qc] 17/9/2015 18:58

Inventories will reduce in second half boosting more cash. If they sell the brass subsidiary gearing will plummet.

[kiwi2007] 17/9/2015 18:28

Barclays...We reduce our target price to 135p, based on a 12m
forward PE of 11.8x, a c10% discount to the long-term average reflecting uncertainty over where margins will stabilise, and equating to a 4.5% dividend yield.

[eastbourne1982] 17/9/2015 15:57

Worth noting that free cash flow is up over 200% to just under 42 million, hardly small fry for a business with a market cap under 500 million.

[tricia51] 17/9/2015 15:49

yup. Adjusted forecast full year operating profit 73-77m.However does the "adjusted" figure include profit or loss on akron sale?

[eastbourne1982] 17/9/2015 15:40

Anyone have any idea what they may get for Akron Brass ?

[eastbourne1982] 17/9/2015 15:34

The company said full year adjusted operating profit was now expected to be in the range of £73m to £77m.

[rcturner2] 17/9/2015 15:16

east, each to their own. I have been following here for a while and I would certainly want a bigger yield than 5.5% before I would be interested.

[edmundshaw] 17/9/2015 15:13

Eastbourne no idea where you got £70m in earnings from. Earnings for H1 were £23.4m, and H2 is the weaker half, so I am expecting full year earnings of around £42m or so, but very much an estimate.

Yield should be at least 5% though on current estimates, given the target cover of 1.5x to 2.0x. So not expensive if they can halt the slide in earnings from last year, and cheap if they can reverse them.

[eastbourne1982] 17/9/2015 14:49

Yields never excite me however I'm certainly content with a yield of 5.5% when I think there is room for plenty of upside in the share price from these extremely low levels, the risk / reward here is very appealing. I think it could be possible to make 30% here within the next six to eight months.

[rcturner2] 17/9/2015 14:33

A 40% reduction in the dividend means the current yield is about 5.5% going forward, which is nothing to get excited about.

[eastbourne1982] 17/9/2015 14:17

Been buying these in tranches today at around £1.13, I think the fall recently is massively overdone, the company is sensible to cut the dividend, the dividend on offer is still very appealing, these were trading at around £2 just a few months ago which was too high at the time, I see £1.50 - £1.70 as reasonable value and this must now be a takeover target, profits are down a bit however they are still going to make circa 70 million, a market cap of around 420 million is crazy imho.

[zcaprd7] 17/9/2015 10:51

Wasn't exactly a shock?

[edmundshaw] 17/9/2015 08:48

So often the time a dividend is cut, on a change in CEO.

[simon templar qc] 17/9/2015 08:41

40% cut in dividend was bound to knock share price badly.

[simon templar qc] 17/9/2015 07:45

Beware high yield when profits fall, PFL now cut the dividend. I suspect same will happen to ECM.

[zcaprd7] 09/9/2015 14:25

No comparison, other than buying both in tranches...

[kmann] 04/9/2015 15:09

So, when does Harriet Green start back here? This is the company she transformed. Has the 24hour global office opening hours(suits her sleep is for whimps style). She'll be back to finish what she started imo. share price should rocket if she comes back.

Comparing this to HMV, lol, come on guy's!!! be serious.

[zcaprd7] 28/8/2015 11:42

No CEO here. For sale sign?