Savile Group Share Discussion Threads

[angel of the north] 07/10/2009 14:10

I Let all the fuss die down and I'm in today - seems rude not to!

[cockneyrebel] 07/10/2009 10:35

Reckon that 35K buy a couple of days ago has cleared most of the stock here, ticking up.

CR

[investinggarden] 07/10/2009 09:30

Hold recommendation from GCI

[deswalker] 06/10/2009 20:53

Digging deeper this doesn't look anywhere near as good as I'd hoped.

If one uses 13.66 mill shares (which excls treasury shares) then the numbers certainly look good.

They don't look anywhere near as good when one adjusts for the 2.22 mill options at an average strike just over 20p. That's a 16.2% dilution miles in the money !

A shame because I wanted to like them and they may still do the business for you holders. But they're not for me at this level and aren't as cheap as they first look IMO.

Des

[alanrex] 02/10/2009 10:41

i noted a 35k purchase a couple of days ago. i wouldnt be surprised if all it takes is a few buys and this is over 94p. CR, why do you never mention it on your board?!

all imo dyor

[cockneyrebel] 02/10/2009 10:26

Biding my time but I'll be in for more when the timing is right. Selling of these has only been punters selling what they don't understand they hold after the price was weakened by that 80K sell imo.

CR

[stegrego] 24/9/2009 12:24

yep i saw that trade too and assumed as much.

CR you have deep pockets - just do us a favour and buy that 80k and then we can be off again ;)


Nice AGM statement from Penna PNA today which does a pretty similar thing to here.... seems business booming.

[cockneyrebel] 24/9/2009 12:13

looking at that delayed trade it looks like some monkey dumped 80K @ 80p on the results and hit the price.

CR

[cockneyrebel] 22/9/2009 20:02

yep, you can't complain if you've been holding over a couple of months. Dare say a few traders jumped in and out either side of the results but let it settle then another leg up imo.

CR

[ghurah] 22/9/2009 19:36

in the next few days it will be rising back up, it is to be expected happens with many shares

[stegrego] 22/9/2009 19:23

Its doubled in 2 months chaps....

Bound to be people taking money off the table.

[alanrex] 22/9/2009 17:50

quite stunned by the share price reaction. to me its completely weird!!

[davidosh] 22/9/2009 16:33

There will always be a few sellers slicing profits after a good rise and traders who have been in for the short term ride.

[penpont] 22/9/2009 11:12

UPDATE:Savile Grp Eyes Buys; 09 Pretax Pft More Than Doubles


(Adds executive comments, analyst comments and share price.)



By Rachael Gormley

Of DOW JONES NEWSWIRES



LONDON (Dow Jones)--U.K. human resources consultancy Savile Group PLC (SAVG.LN) Tuesday said it is looking at selective acquisition opportunities as it aims to balance the outplacing and talent management sides of its business and prepare for a new credit cycle.

"Talent management is a GBP1 billion market and it's much more fragmented, so there's more opportunity for acquisitions," Executive Chairman Jonathan Cohen told Dow Jones Newswires.

Currently around 70% of group revenue comes from the company's Fairplace unit, which helps those made redundant find new roles, while the remainder comes from its coaching and careers advice units, Cedar and IDDAS.

However, Cohen said he plans to change the balance to around half each, adding that strengthening the talent management side of the business would serve the company well for the end of the recession when spending increases.

"We have looked at quite a number of things in the last eight to 12 months but we've walked away because of price expectations," he said. "We're not going to pay a silly price, we'd rather hire people."

Earlier Tuesday, the company proposed its first dividend in five years after fiscal-year pretax profit more than doubled, boosted by demand for its career advice services.

For the year ended June 30, debt-free Savile posted pretax profit of GBP1.9 million, compared with GBP720,000 a year earlier.

Revenue increased to GBP10.4 million from GBP7 million.

Savile has recommended a dividend of 2.25 pence a share.

Hardman & Co analyst Sonia Kaur said she expects any acquisitions to be immediately earnings-accretive and lead to the strong possibility of earnings upgrades.

At 0900 GMT, shares were up 0.5 pence, or 0.6%, at 89 pence, compared with a rise of 0.4% on the wider AIM market.

[davidosh] 22/9/2009 10:49

A near 3p dividend CR ?? That is stretching it a bit !!

Dividend

In December 2008 the Company obtained court approval to reorganise its balance
sheet, thereby enabling the Company to eliminate the deficit on its profit and
loss reserve at 30 June 2008. As a consequence we are now able to pay dividends
from distributable reserves generated from the date the reorganisation was
approved.
With this in mind, I am delighted to inform shareholders that we are
recommending a dividend of 2.25 pence per share. If approved by shareholders,
this would be the first dividend payment to be made by the Company for five
years.



Anyway the overall results look very good and outlook equally confident so I have just doubled my holding on the fallback. Well done CR on spotting this one early after the updates.

[cockneyrebel] 22/9/2009 10:32

(-5.8p eps), 2.3p eps, 4.5p eps, 8.5p is the last 4 years earnings record - pretty amazing I'd say.

Cash rose from £1m to £2.6m :-)

These are stonking results and they now pay a near 3p divi that the directors are gonna take in shares.

Tells the whole story imo.

CR

[nurdin] 22/9/2009 10:31

Reckon we will bounce strongly by close :o)

[nurdin] 22/9/2009 09:32

Fickle holders here lol :o)

[alanrex] 22/9/2009 08:51

nurdin. i personally expect we would get there over a period of a week. (press, tips etc)

all imo dyor

[alanrex] 22/9/2009 08:50

not impressed by the logic to be honest. but REFS is a handy book.

[parvez] 22/9/2009 08:48

patience, Nurdin :)

[nurdin] 22/9/2009 08:45

Yes...cracking set of results !!We should be trading more like 120-130p mark after these results...

[parvez] 22/9/2009 08:44

Alanrex, try this..

[alanrex] 22/9/2009 08:04

who's jim?