|Some Shares coverage yesterday, too. In summary: "Keep buying the shares despite the strong run that’s already taken place. Tharisa is really cheap on a mere 4.6 times 2017 forecast earnings".|
|Peel Hunt reissued their buy note but kept their 120p target, I don't quite get that. Perhaps it's the relative newness of the co being in production.|
|Thanks for the Telegraph link, paleje. It sums things up well. Very happy with today's news.|
|Excellent update and strong outlook, the current year PE rating which is still only ~5 should increase imo. They are well managed and do what they say, Peel Hunt's 21.3p eps forecast could be conservative and there will be a fx benefit which has probably not been fully factored in.|
|4th Quarter & FY production update has been well received. Market prices have improved substantially, almost double the June qtr for November deliveries.|
Normally the correct thing to do when you find a stock whose p/e ratio is barely higher than the dividend yield is to run away as fast as you can, because this is the market's way of telling you that the earnings and dividend forecasts are just pie in the sky and likely to suffer deep downgrades very soon.
Tharisa, the recently listed metals miner, might just be an exception to this rule, looking at forecasts for 2017, although it's still a risky stock and not for widows and orphans.
Its open-pit operations in South Africa are already profitable, costs are low and cashflow strong enough to fund a maiden dividend in 2016 as the firm ships to Chinese customers. Profits are tied to commodity prices and they are inherently volatile, but the low valuation at least builds in some margin of safety.
Questor says: speculative buy
|Welcome Saucepan, still just under PE:5 for current year to Sept 2017. I wish I'd come across them sooner, not sure of fair value but all being well surely higher than this, not long to the update.|
|Hi folks. I joined you here yesterday. Nice to see price breaking 100p today.|
|Cheers dell1234. If the rises in ore prices continued from the last quarter it could make pleasant reading.|
"Daniel Coatsworth @SharesMagDan
Tharisa enjoying another good day, up further 11.5%. Now up 24% since my article. I'm told production update due to be published 10 October. "|
|Ah! Thanks dell1234, I don't subscribe but explains the recent activity.
Assume you're a subscriber, was it a good article? Did they happen to mention if they expect a Quarterly report early Oct?|
|Tharisa in Shares mag yesterday: hTTp://www.sharesmagazine.co.uk/article/tharisas-chrome-plated-cash-flow|
|Anybody know if these will give a quarterly update early Oct?
They've risen strongly since June, Peel Hunt have an eps estimate for YE Sept 2017 of 21.3p which would make them very cheap on a PE less than 5 with no debt. They suggest a maiden divi too.
So why's the board empty.|
|Two good days in a row for these? What is the marlket coming to. If this level of increase continues for a week, profits may actually return or is that a little optomistic?|
|Do we really have to wait until September for these guys to be
Yours Himbly as ever.
Tee hee (posted on the other side as well).
|I am not a holder of Talisman or Durlacher but by and large they seem to have a similar model - a UK stockbroking company with some pre ipo investments that if they get the chance to underwrite may (or maynot) become goldmines. I have no intention of buying talisman at this level because if you look at the market cap and compare it the balance sheet it looks lunacy out of whack. Therefore there must be some other justification for the price. Their investment portfolio or something. if thats the case we should make a comparison to Durlacher which in my opinion would be a better buy (I do not own durlacher either). For thise looking at graphs the fall in THS from £1.35 or so to 35p or so is nowhere near as steep as the fall in Durlacher from about £4.25 or so stock split adjusted to 60p or so. Durlacher is my mind the better bet but I have no intention of buying Durlacher yet anyway.
By the way Nigel Wray of Burford, Knutsford etc fame is a major share holder in THS and in my mind there is something about these Nigel Wray, Luke Johnson etc internet type of investments that seem to me to get overhyped overvalued and if you idnt get in at the same time as those types you got your eyes ripped out as the shares collapse.
|Thanks Ingrid, nearly everyone advises buying on these BB's, very few cautionary posts, even less saying sell sell sell. I bought in at 40p and will be holding out for 6 months or so.|
|I have held this stock for a number of months, please see chart before buying, downward trend for a number of months, city unhappy about the price paid for Farlake, deal had to be reworked due to fall in THS price, advise not to buy untill a clear upturn trend seen on chart, ingrid|
|Growth Stocks Investor (GSI), May / June, 2000.
Talisman House Plc. (THS).
Talisman House plc is a financial services group, providing both stockbroking and corporate finance expertise, which serves small to medium sized companies. The Group operates in the United Kingdom. Market Capitalisation is currently at £84.87 million.
Just like many other popular stocks, Talisman House share price has come down from its high of almost £1.40 since the market correction begun.
The share price has now reached it support level and fluctuates between 30p to 40p. This makes THS very attractive again. It should be noted that the dilution of share price by the issuance of new shares was for the acquisitions and expansion. The acquisition of Codiocology gives Talisman the technology which is very well valued by the market. The acquisition of Farlake, the fund manger, is a right move to diversification. This protects Talisman from being too exposed or dependent on the stockbroking sector.
Earning Per Share should be around 4p for whole year so by P/E calculations this should give a +£1 price.
Even at this current very cautious investment climate, THS finds support anywhere between 30p and 50p. The market will stabilise and then head for an upturn again. THS should climb to its peak again at around £140p. The Final Year results are due in September should be very well received. That's less than four months away. THS should also enjoy the windfall from the London Stock Exchange. THS has three stockbroking arms, which are members of the LSE. We can see a handsome return at double or even triple the current price level. Keith Harris, formerly of HSBC, has declared and is determined to build Talisman as a financial powerhouse within the financial sub-sector that it is pursuing.
THS is one of the most promising growth stocks with very little down side at the current market price. Investors should adopt a Contrarian investment strategy and invest some and put away for at least the next six months. The current price level is already within its support level, thus investors need not be worried with the daily fluctuations. In six months, the current correction should be just a blip in market.
BUY / ACCUMULATE.|
Stop being so himble. It doesn't suit you sir.
Go on then, give them a ring, and see what happens.
Mind you, I think the men in white coats might come and get you instead.
In my himble opinion, these shares will get revalued, it is only a matter of time.
|These are definately one of my long term holdings, Errr..... like everything else at the moment actually. I cannot believe that their great results and past consistent track record hasnt been recognised and reflected again in its share price I was wondering whether to dial 999 & tell them I think everyone else out there must be either dead or certifiable.|
|God I love Bank Holidays, I feel soooo relaxed.
I have spent the day poddling through the threads on all my favourite BB's, reading the papers, tip sheets, even the Investors Chronicle.
I have even had time to catch up on the company reports which have been stacking up.
Reading the Talisman accounts is a good read, and one I would recommend.
Turnover up, Profits up, Cash up, nice big increases, due a re-rating in my humble opinion.
Only fly in the ointment is value of Farlake offer, but given the growth in ptofits I reckon the PE is still in the 20's which for a stock growing this fast, is definately good value.
Think I might top up tomorrow.
To all my fellow BBer's, happy easter, and I hope you guys are nicely chilled out.