Printing.Com Share Discussion Threads

[egoi] 04/6/2010 10:14

That'll explain why it's down!

[mr hangman] 04/6/2010 09:55

Buy in the Investors Chronicle this morning

[dd776] 04/6/2010 09:06

not a lot of transactions to say it has any real support

[spaceparallax] 03/6/2010 12:44

would be nice to settle above the 40p level.

[spaceparallax] 02/6/2010 17:12

nice to be on the leader board for a change.

[spaceparallax] 02/6/2010 11:48

market seems to be responding positively - presumably recognising the tremendous scope for recovery.

[dd776] 02/6/2010 10:41

A good summary of results by LCF Research

The final results to March 2010 showed sales of £14.5 million (£14.5 million), pre-tax profit of £1.7 million (2009: £2.1 million), EPS of 2.86p (2009: 3.27p) and DPS of 3.15p (2009: 3.15p). The company reported that the year end UK estate comprised 288 outlets - the New Zealand licensee's network numbers nearly 50 outlets, and the next objective is to increase sales per outlet - the US partners have 22 outlets, mainly in the south, and the next objective is to increase geographic coverage; since the year end a store has been established in France - this will form the base for the further development in France; a software product, Flyerlink, is being developed which includes 'template' functionality, which will enable end customers to order online for simpler jobs, and merely visit the outlets for the more complex jobs; gross margin was 65.6% (2009: 67.3%); year end net cash was £1.3 million; 2010/11 trading is in line with budget.

[dd776] 02/6/2010 10:37

In printweek Aus today

Printing.com will make a renewed play for the Australian market following its failed foray in 2008, with a local production arrangement agreed upon and a target to be up and running by the end of the month.



Chief executive Tony Rafferty (pictured) told ProPrint that he had granted the option to former Worldwide Online Printing WA master franchiser John Stangeland.

"We told the stock market two years ago we had granted an option [to Australia] over the period of August to Oct 2008 - that was the period the world changed. The economy tightened. Matters didn't progress," said Rafferty.

He said Printing.com had remained "very, very positive about entering the Australian market", following its move into New Zealand back in June 2006.

Up and running by end of month ??

[cw2000] 01/6/2010 22:46

Ho hum - could have been worse.
However, feeling smug - I don't own any oil co's at moment!

[spaceparallax] 01/6/2010 12:40

Solid results in difficult times, happy to sit tight.

[pugugly] 01/6/2010 10:34

Fighting hard and gaining share BUT market is (imo & dyor) in structural decline which is indicated in th e"outlook" section of the accounts.

EBITDA and EPS both down by more than 10% and dividend is NOT covered. Possilby OK as an income stock but as dividend is uncovered how much longer can it be kept at the present level? Also how much will an uncovred dividend erode the share price ? imo & dyor) probably ex all but marginal growth

[dd776] 01/6/2010 10:20

Pleased with the results in all departments, pleaded with the income, pleased with the continued investment the company is still making in being at the front leading. Look forward to quick expansion in the rest of the US?

[mr hangman] 01/6/2010 09:50

Yes a decent set of results considering the climate

[puffintickler] 01/6/2010 07:58

Steady as she goes

[theophilus] 01/6/2010 07:35

Not often we get a comment like the following


· Optimistic of prospects irrespective of conditions improving.


Cheers

Th.

[theophilus] 01/6/2010 07:33

PRINTING.COM PLC

("Printing.com" or "the Group")


Preliminary Results for year ended 31 March 2010


Printing.com, a specialist retail chain with 288 Outlets opened and pending across the UK and Ireland, today announces its preliminary results for the year ended 31 March 2010.


Financial highlights

2010
2009
Change

Total Retail Sales
£26.56m
£26.29m
+1.0%

Turnover
£14.46m
£14.47m
-0.1%

EBITDA
£3.11m
£3.27m
-4.9%

Operating Profit
£1.74m
£1.93m
-9.8%

Profit Before Tax
£1.70m
£2.06m
-17.4%


Earnings Per Share - Basic
2.87p
3.28p
-12.5%

EPS - Fully Diluted
2.86p
3.27p
-12.5%

Dividend
3.15p
3.15p
-

Special Dividend
-
2.00p
-

Capital expenditure
£1.04m
£0.59m

Net Cash
£2.14m
£3.39m


Net Funds
£1.29m
£1.81m

---------------------------------------------------------

Sorry the above has come out as it has.

But top figure = 2010
Second figure = 2009
Third = %age change

--------------------------------------------------


Operational highlights

· Profitable and cash generative in difficult market conditions

· Ordinary dividend maintained

· Number of outlets increased to 288 sites (2009: 283 sites)


· Growth continues in international markets


· New markets via 'Templates'

· Strong pipeline of new Franchisees

· Optimistic of prospects irrespective of conditions improving


Commenting on the results, Tony Rafferty, Chief Executive of Printing.com, said: "Notwithstanding the challenging trading conditions over the past year, these results demonstrate the robustness of Printing.com's business model."

Th.

[washbrook] 27/5/2010 07:58

cw2000:-1.6.2010:-

[cw2000] 26/5/2010 21:23

Results due soon?
I've not seen a notification of the results day yet. Anyone know the release date?
Thanks

[tyranosaurus] 24/5/2010 13:27

I don`t think they can handle any more opportunities.

They are busy supporting their own franchisees while deciding whether to enter Australia or not.

The latest position will be spelled out in the results.

[topvest] 23/5/2010 16:19

Maybe an interesting opportunity for Printing.com?

[pugugly] 23/5/2010 14:19

dd776 & mr hangman:> IMO straws in the wind to show how bad things are in the print business. While it is highly possible that while PDC may gain share in the jobbing print market the whole printing market is contracting and margins under increasing pressure as competitors struggle to survive.

Dividends may still be paid but (imo & dyor) may well not be covered - this could be a recipe for a long term decline in the share price

Draw your own conclusions. (I previously held but sold, luckily at a profit)

[mr hangman] 23/5/2010 13:25

Good post dd, by the looks of things "should of gone to PDC"..Ho well never to late

[dd776] 23/5/2010 06:10

102 franchisees plan ODC claim
printweek.com, 21 May 2010

Some 102 franchisees at Kall Kwik and Prontaprint have appointed franchise law specialists Field Fisher Waterhouse (FFW) in a potential group claim against their franchisor On Demand Communications (ODC).

A letter has been sent out to ODC from the law firm setting out the franchisees' allegations of breach of contract, which include a lack of operational support and a low level of marketing and technical assistance.

The letter alleges that the return that franchisees get, in exchange for the monthly management fees they pay ODC, is unsatisfactory.

A spokesman for ODC said: "As this matter is in the hands of our solicitors, we are unable to comment at this stage."

[tyranosaurus] 20/5/2010 13:32

I just sold my last 10k trading stock of these.

Looking to hold cash for when/if the market crashes further.