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Real-Time news about Torday&Carlisle (London Stock Exchange): 0 recent articles
|tryabitharder: AGM next Wednesday will seek approval for change of name and approval for considerable share buy back.
Could we see E Wood Holdings PLC trading by the end of next week? The new name in itself should add a boost to the share price by giving clarity, followed up by some share buy backs not to mention organic year on year growth should see this share price push on.
Also we might see a little rush for dividends by close next Friday - holders being entitled to 3p per share payable end of May..|
|valhamos: Great news. I didn't think that they would be able to sell Sovitol at a decent price before demonstrating a return to profitability. Increasingly with E. Wood, in contrast, showing growth and double digit profit margins the two businesses have been unequally yoked. Selling now enables management to focus on these growth opportunities at E.Wood without any further distraction.
I agree the share price is heading upwards with minimum target of 180p - it will be interesting to see how long this takes. There is a £900k loss on disposal in this year's accounts, but in addition to the impact of the elimination of Solvitol losses and borrowing costs, the business should now be valued with greater than a sub 10 PE rating without the perceived risk of the Solvitol business.|
|tryabitharder: £2.27 as a fair value including a sale of Solvitol.
£1.90 in my view is now the fair value with the business in its present state. Therefore anything between 140 - 155 is still pretty well undervalued to the tune of 25 to 30%.
The share price now only really depends on two things in the short term
1. Company buy backs - price to be paid and timings
2. MM's & how they want to manipulate the market.
I'm sure that there will be a big dip in price again soon like was created around Feb 2005 by the MMs on little to no selling. This will be a prime opportunity for me to buy in more stock or even play the CFD game. Anything below £1.90 is value!|
|tryabitharder: Market gone quiet.
However can anyone explain how 230K shares are bought back by the company and the share price falls?|
|stemis: Looks like it's paused for breath.
Of course the more longer term of us might be quite happy for the share price to remain low so the company can continue to buy back its shares at an undervalue and enrich the remaining few...|
|stemis: Good results and share price has responded accordingly, but no news on a disposal of Solvitol.|
|tryabitharder: Just a few weeks now away from half year results.
The share price had dropped back over the last 4 weeks or so, will be interesting to see how it moves over the next three.
I'm expecting good numbers and an upbeat commentary so would not be too surprised to see the share price move on ahead of the announcement. Also there may well be further share buy backs to utilise good cash flow.
Looking forward to the next three weeks.|
|tryabitharder: Share price has moved on very little volume and then the company hoovers up 50,000 shares to cancel.
Doesn't shake my resolve in the company.|
|tryabitharder: Now a month of steady share price - it will soon be time for this one to move on another notch or two. 130- 135 within a week? Any takers.
There is no reason for the stock to weaken as all indications of business fundamentals are very good.|
|stemis: Torday & Carlisle PLC
10 June 2005
Torday & Carlisle PLC
The Company announces that it has today purchased for cancellation 588,178
ordinary shares of 5 pence each at a price of £1.20 per share.
Following the cancellation of these shares, the issued share capital of the
Company will be 12,354,303 ordinary shares.
Ah that'll be the reason for the rise in the share price then. Obviously keen to get the shares, paying 5p over the market price, although I don't imagine they came through the MMs. It can only be taken as good news, IMO, that those who know (the board) believe 120p to be such an attractive price!|
Torday&Carlisle share price data is direct from the London Stock Exchange