Quadnetics Share Discussion Threads

[domwilliams] 01/5/2008 15:29

AiW1 has given QDG a thorough going-over on TMF:

[davidosh] 28/4/2008 08:59

Just to clarify....I picked up stock after doing research following the director buys but holders here over the past year must have an explanation for the weakness surely ?

[cockneyrebel] 28/4/2008 07:49

low PE and the big wadge of cash is what interests me - and director buying.


CR

[davidosh] 27/4/2008 23:50

Why do you think it is cheap VV ?

[value viper] 21/4/2008 14:43

like the cheapness of this - gone long

[cockneyrebel] 20/4/2008 17:32

I think there's confidence but there has been a seller. I looked back through the past trades and I reckon there's still some stock about from the large trades on 17th, 18th, 26th and 27th of March imo.

Reckon someone will take a bit of stock and then these will fly myself.

CR

[davidosh] 20/4/2008 16:58

Thanks CR...Yes a trading update would be useful but they will probably leave it until after the close so maybe mid June which is still about seven weeks off.

I thought the huge director buys would give more confidence but clearly not so far ....I was hoping to dig deeper and find some reasons for the low rating

[cockneyrebel] 20/4/2008 16:27

I notice they said this in the interims:

"The major operating factor contributing to this first half financial performance was the previously reported slowdown in finalisation of orders and delivery schedules from central government customers in the UK and Middle East. It is encouraging to note that such timing issues have now noticeably abated, with important new orders received in both these areas. In total, the division's firm order book at 30 November was approximately 50% higher than at the corresponding point last year, underpinning expectations for the remainder of the year.

Margins for the past year and previous seem to have been 5 % points or so higher than in the interims. I think margins in H2 are likely to be a lot higher and these gov contracts now coming through. The forecasts look like they would get met or beaten on that basis imo.

I've looked back at the director dealing in the past too - they seem to time their trading very well so I suspect those recent director buys are a good indicator.

Has the leaving of the director Orme been a significant factor here? The co's goodbye to him as less than convincing that they'd miss him from how I read it.

Directors bough 2 months before the year end too - a trading statement coming up at year end I suspect.

CR

[davidosh] 20/4/2008 15:26

Why are the margins so low in this business when seen in relation to competitors....Is the product inferior ??

[cockneyrebel] 07/4/2008 11:35

'Gamble' of the week?

I wouldn't mind a few more 'gambles' on this PE and cash with the directors buying too.

CR

[philjeans] 07/4/2008 11:27

In for a few more - I like the look of this one.

[stegrego] 04/4/2008 15:48

Tipped in Moneyweek today as 'Gamble of the Week'

[cockneyrebel] 04/4/2008 15:45

I think the recent selling here has been down to a CGT end of tax year seller - that's how the directors picked up their shares i bet.

Should be done today with luck and with him not about next week things might be much more positive for the share price.

CR

[stegrego] 03/4/2008 14:57

Shares Mag

Two non-executive
directors of CCTV
s p e c i a l i s t
Quadnetics (QDG:AIM) –
Peter Rae and Dennis Bate –
have bought 150,000 shares
in the group at 141p a share.
Although the purchase in
2006 of its US rival Protec
initially excited the market,
the shares have
subsequently disappointed
the optimists with the shares
underperforming a stock
market already in retreat, due
to the credit crunch, by 53%
over the past year.
The interims were
unexciting. Although the
group enjoyed underlying
sales growth of 7.3%, pre-tax
profits fell by 20% to £1.4
million. Earnings were
deflated further by an
increased tax charge.
However, the decline in
profitability reflected a
number of one-off factors
such as increased investment
in sales and marketing as
well as one-off costs in the
Middle East. The company
reiterated that the outlook
for the second half and the
longer term was 'positive'.
Many of the group's
customers, such as the public
sector, transport, food
retailing and oil and gas, are
relatively unaffected by
economic uncertainty. That
is why Landsbanki, an
independent broker, believes
that turnover should grow to
£72.6 million this year and
£75.4 million in 2008-09. The
broker is forecasting flat
2007-08 profits of £5.3 million
growing to £6.1 million next
year (eps of 25.2p and 27.5p)
At 153p the shares are
selling on a PE of 6.1, falling
to 5.6 and enjoy an above
average yield of 4.6%.
Landsbanki has a price target
of 358p.
Shares says: The market
reacted positively to the
news of these deals. The
rating is undemanding.
The upside could be
substantial.
BUY

[cockneyrebel] 27/3/2008 19:39

Thanks for the not Stegrego - looks mighty cheap and if the directors are buying that heavy right now then that's a bit of a flag imo.

About a 5th the rating of Indigovision too :-)

CR

[susiebe] 27/3/2008 10:15

From Feb Interim results;

Commenting on the results, Russ Singleton, Chief Executive, said:

'We are pleased with the progress that Quadnetics has made in the first half of
the financial year. These results are in line with our expectations and we hope
to continue our momentum into the second half of the year. The demand for our
Synectics' new products is positive and our bid pipelines and order books are
healthy and so we expect continued progress in what is an attractive and
exciting marketplace for electronic security systems.'


looks like a huge upside from here..

[susiebe] 27/3/2008 10:11

I'm keeping an eye on this one too..

could be quite a bargain at this level

[crystball] 27/3/2008 09:21

A small amount of buying so far. The vast majority of people will have missed the director purchases RNS issued late yesterday.

[crystball] 27/3/2008 08:07

I agree Stegrego. Watching with interest.

[stegrego] 27/3/2008 08:04

Seems to have fallen way too far.

Directors spending 200 grand speaks volumes.

Current p/e and forward p/e of around 5 to 6, dividend of around 5%

Broker target is 300p based on 11x forward.

Outlook slightly clouded and cautious, but i dont see that just because the world is in a financial panic that suddenly security wont be needed.

If anything unrest may create more need. Also casinos will need to protect their profits even more.

Bought some this am as the downside seems limited whereas the upside is a clear 100%.

[jswift] 26/3/2008 18:50

News at last......... seems that the Directors think that price is also to low

[bengo] 13/2/2008 16:32

Relentless fall, the results weren't that bad, seems overdone to me.

[moogee] 28/11/2007 11:58

I didn't think the annnouncement was that bad. Market makers trying to earn a bit extra me thinks.

[josh devil] 28/11/2007 08:24

The marketmakers must be really nervous - 22% down on tiny volumes. I think that they maybe worth a punt now if you can get in at these levels!