||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Smc Share Discussion Threads
Showing 8076 to 8096 of 8100 messages
|Stewart McColl about to be airbrushed, it seems.|
|excellent statement, could be a bargain|
|guess we'll be seeing some contract cancellations soon|
|going back to 1p, looks like everyone is dumping these|
|you can buy these below the mid price (4.5p) at the moment. Are they worth a punt after the recent results and hold for a couple of years?|
I bought here yesterday (simply as a 'punt'before results) and have bought again this morning - having previously bought at around the £1 mark! :-( Hopefully little downside with the added hope of maybe a bid or perhaps director buying...?
In any event, good luck to holders, old and new.|
|The latest results suggest that these may well be worth a small investment.
On the basic eps they could be on a PE of about 14 or so for H1 without any contribution from H2.
Still not for widows and orphans as the saying goes.
|Interesting tick up today - on reasonable volume|
|Ringo, oh you are so naughty, please read last company statement, they have a full order book and are expanding in the far east , where belief it or not there is a boom going on!|
|+21%.. YES.. I'm rich.. rich.. RICH as kings..
up 21% in one day.. YES!!
(checks purchase price)
(reopens bottom drawer and replaces share cert)|
|Don't get excited,I don't actually exist but am a net based compuetr (sic) programmed to spot small changes in neglected shares so that my bigger brothers can dive in and suddenly zoom the price up (hopefully.) My maths engine is based on Yahoo finance so is a bit out of sync with the header graph,possibly a bit on the optimistic side but hey....
(Actually now need a really big rise as the nominee fee is almost as big as the value of the holding but can't bear to sell out and miss the coming huge rise..... DYOR etc)
I was expecting the Phoenix probe to find life before it would be reconfirmed here on SMC thread! :-)
dave7, take me to your leader and, while you're at it, please explain from whence you get the figure of +3%|
|Well LFDKMP, it must feel good that someone read your post and bought a few shares and the share price moved up 3%
Only another 95% to go and we'll break even! Keep posting.|
As the world has gone away, and with continuing positive noises coming out of the restructured group, wonder if a k or two re-invested in SMC and tucked at the back of the portfolio drawer for a while might just be a smart move.
Bid/offer spread's a killer though.
|Results tomorrow (and Aukett too)|
|Quite a few superficial similarities to WNG here. Buy and build spending spree, share price rattles up to near 200p before imploding off the back of a series of profit warnings, ultimately to single pence, both in the same broad sector, both say they have now cleared the decks for recovery.
WNG has parachuted in a credible management team in Beart & Co (ex RAS, formerly XKO) but the business was a horrifyingly incompetent mishmash. New management appear to be acting swiftly to uncover the core to a future profitable business. They have the benefit of residual funds from the 170p share placing (how on earth were major instis persuaded to invest?) but there's a further loss to look forward to next half before the struggle back to breakeven and beyond. Beart reckons he's entered at a good price, snaffling 350k at 8.1p.
SMC is a collection of good businesses welded uncertainly together by debt, with McColl's almost megalomanic ambition far outstripping central management's ability to control the rate of expansion and pushing debt to unsustainable limits. An object lesson in the perils of too-rapid 'buy and build', though at the time many of us (me included) paid too little heed to the rapidly building debt by over-focusing on projected profits and cash flows which indicated a modest valuation relative to growth. Inevitably, of course, the wheels were coming off, the share price plummeted and sorting out the debt gave rise to 500% dilution. Fundamentally the various businesses that remain look good (very much unlike WNG) and hitherto there has been plenty of work, but new management have much to prove and key staff retention has to be a major concern.
SMC look to be the better business but the dilution is massive and must limit the upside. Will they manage to weld a credible whole out of the various disparate businesses that comprise it? Many in the architechtural universe expected them to fail. WNG meanwhile pretty well starts with a clean slate and a credible management team. They don't suffer from the dilution and have some funds at their disposal, but are pretty much starting from scratch.
I note that following WNG's recent results announcement the price rose from 8p to 12p before falling back. Though SMC's trading update was encouraging, I wouldn't be surprised to see something similar happening here and I certainly don't see any spike beyond yesterday's close being sustainable, though wish current holders well.
Both companies could be good recovery stories but there's just too much competition out there from sound, well funded and profitable growth companies on near similar forward profit multiples. Why take the risk right now?|
You and others are still refusing to accept that there's some 4 times+
as many shares in issue as the old days.
Even in SMC best times the most they were valued at were around 80 million
when they got close to 200p a share.
Now even a 40p shareprice is 96 million, it's crazy and people have to
stop ramping this with these numbers because of todays figures, this is
a market where well run quality profitable and cash generative business's
are trading on PER's of 5 and under so tell me why a company with a awful
track record should suddenly demand a per of 20+ !
It's not going to happen for a long time.
Auk is the better play.|
|I bought on the way down... at 117p... can anyone beat that? ;-)
I did say that SMC would rebound if you check my postings over the last few months. I did think that it would be likely to bounce back, when it reached under 10p but did not go bust. I was even tempted to bung some more cash in at 7p but didn't because I don't have any spare, ah well :-(
SMC is still one of the UK's and Europe's biggest architectural practices, and assuming that the quality of their work remains high and they get the management/morale issues sorted out, then it should be a good long-term recovery stock. I see no reason it shouldn't be back at £1 in 2-3 years' time. I am still holding anyway, and if I get some cash free (come on JRVS!) then I might put some more in.|
Having brought the company to near ruin, you'd hope that new management have firmly taken on board the lessons of the past. Still hope at this stage, but I think it's highly likely that they have. Would like to see those results - and exceptionals - first, though.|
|What a horribly shoddy bit of business management this has been. I'm not a follower, but having looked through the old RNSs today, I am pretty shocked at the apparently wild "sh*t or bust" acquistion spree. Not at all surprised the open offer was only taken up by @ 8%....and they call that "successful". Great bit of spin.
From today's statement:
"... with stronger management in place, led by new MD Chris Littlemore, in place,
we can now continue...."
Do you think they can get someone else "in place" to write the next one!?|