||EPS - Basic
||Market Cap (m)
|safarinorman: The results and the news of new business should move the share price upwards, the market prices what it thinks the company will do in the future, i am sure the share holders of QDG will see the target price raised by the analysts, and 20% above the 300p target is very easily achieved in the short term, and the dividend is good, so i expect good reviews and a higher re-rating on the share price.
Good to see a company with its directors showing that good quality companies can expand and grow the business, this will be one company to invest in this year.|
|dixies: Broker revised forecasts after trading statement:
From the company broker's note dated 13th December 2011
Year to: November 2011 2012 2013
EPS 15.6p 19.5p 32.0p
P/E 13.5 10.8 6.6
Based on share price of 210p at 13th December 2011|
|yump: I'm not very familiar with IND - remember looking at it back in 2007 when it had already flown to a quite a toppy p/e if I remember correctly and that scared me off. Perhaps they've reached that critical size of company where it becomes quite difficult to grow and the share price goes into a period of adjusting to that with a cycle of new hope for growth and then disillusionment.
Those vertical jumps with smallish companies when they start posting high growth often seems to make a mess of the share price for a few years - I guess after the heights, nobody can really work out what its worth or how it should be rated.
Hoping that QDG can grow reliably at some point from a much smaller base and that the growth doesn't all come in one burst !
Plus IND seems to have had a big following over the years, which may have contributed to the big changes in rating.
QDG pretty quiet so far.|
|crystball: A quick scan of results and my gut feeling is that there will be a retrace in share price in the short term.|
|boll: Results due 9th September on this one yet no movement in the share price during the last few days and no recent posts|
|cockneyrebel: 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.
Well done on getting this new thread going so quickly after discussion on the original thread.
Cannot really add much more to your thorough header.
As I mentioned before (and especially in light of today's performance) there has not been any mention in the media (that I am aware of) so the strength of the share price this week is down to intelligent buying rather than any ramping due to a tip somewhere.
This is excellent news as it would appear that many have realised that the share price is currently at ludicrously cheap levels and we await the interest that a press tip or such like will generate.
Sure there is little chance of growth at the levels which IndigoVision may achieve in the next couple of years but an easily achievable 20% per annum earnings growth over the next few years would suggest that the share price should be trading at a far higher rating.
Obviously with just the two market makers and a small NMS there will be 'Indigo-esque' volatility in the share price but I cannot see any reason why the volatility should not start at least above the 300p mark !!!!
It should be an exciting journey.
|the analyst: Totally agreed, there is a lot of potential upside here, given how good the results were.
Profit for this year beat the broker forecast (3.6m vs 3.4m predicted) which is very pleasing - the broker was concerned about the profit before, but the results have proved excellent. They were predicting £5.2m for this current year and that may well get upgraded as the company have made a very good start to the year. Perhaps £5.5m this year? We will also get figures for the 2008 year that will give the broker's views on future growth
Making £5.5m this year would represent a 45% increase over last year and then another 20% or so after that would take them up to £6.6m in 2008.
So, QDG is a high growth company making £5-6m pa currently valued at only £40m. Certainly looks undervalued, especially with cash in the bank of over £8m.
Another interesting way to value them is to make the comparison to other companies in the same field that have recently been taken over - Stanley works, Securitas and Siemens took over Blick, Bell Group and Photoscan respectively. They were all taken out at 1.5 EV/Sales which would imply room for a 4-5-fold increase in share price for QDG based on 2007 earnings. However, I think that the EV/PBT for those takeovers is a better comparison - even the EV/PBT implies QDG could easily have a market cap of £100m, almost 2.5X todays market cap. 600p per share.
Haven't seen a broker forecast since the results, but should be available soon and should give the share a further boost.
This is the last broker note though:
|charterhouse3: Yes indeed.
Moving along very nicely.
The interesting thing is that the share price has recovered this week without any mention in the press or other media.
Once the press catch on and there is a wider following then even £3 will be easily passed.
Just on reasonable expectations of 20% eps growth for the next couple of years would suggest a current P/E of 20 is quite a reasonable rating.
This would suggest a share price slightly north of £4 !!!!!
It is still a bargain IMO.
|swwikmi: protec had problems - good turnover but almost zero profit -the new management will sort it out but absorbing a new company into your methods takes a little time - hence the hold up in the move north - the price paid for protec was low - the potencial is considerable - expect more share buyback if qdg share price weakens much more|
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