||EPS - Basic
||Market Cap (m)
|Aerospace & Defence
Real-Time news about Umeco (London Stock Exchange): 0 recent articles
|ozz2: I suppose we have to wait for interims for some form of news?
It certainly is dropping fairly fast.
Not many on here nowadays, sale of Pattonair gave us a lot of money, but the share price is just not responding at the moment.|
|slapdash: increase in holding from Aegon.... good news... sometimes I feel like I'm the only dude willing this share price on.... Slap|
|this_is_me: ...not to mention the share price getting back to above £6 where it belongs.|
|ozz2: Agreed--thats why I only bought back a small part of my holding at 221p
I don't lay much store by what brokers say, but, the following might help.
Umeco returned to buy from hold at Altium, target price rising to 260p from 230p
Business Financial Newswire
Broker reduced recommendation to hold yesterday (July 29) but share price fall now places it back into buy territory.
'It is our view that FY 2010E will constitute the low point in terms of profitability. On that basis, the current rating of 5.5x and 5.7x trough EBITDA and earnings respectively is too low for a company of this calibre.'
Shares opened up 3.25p at 207p.
Story provided by Business Financial Newswire|
|bottompicker: Bought a lump yesterday, but a bit confused about the share price action.
Looks like a straight line, bit unusual? Or just very little trading volume?|
|airrage: Citywire Article:
19:22, Mon 11 March 2002
Monday Shrewd Snapshot
Recovery is one of the themes for buyers again today with stake building in Umeco and Lorien and Jack Petchey pocketed profits from his Compco shareholding.
* Smaller companies expert Roger Whiteoak has followed in the footsteps of his shrewd colleague Brian Watson and lifted the Throgmorton investment trust's (THRG) stake in aerospace component and chemicals distributor Umeco (UMC).
Whiteoak bought 85,000 shares for Throgmorton investment trust, which takes its holding to 1.5 million or 6.2%.
At the end of last year, following a steep fall in the company's share price in the wake of the 11 September attacks, Watson's Framlington Innovative Growth investment trust (FIT) lifted its stake to 3.2%.
The company has experienced low demand on the aerospace side of its business since the US terror attacks rocked the industry.
Analysts predict earnings will drop by about 17% this year and more than 20% in 2003 but the dividend is expected to be maintained. This provides shareholders with a handy 5.7% yield while they wait for the company's fortunes to improve.
The shares are valued at 5.6 times last year's earnings and would look something of a bargain were there any assurance that this level of profitability was set to return any time in the near future.
The £52 million company also has a fair bit of debt on its books which could be a worry if profits really nose dived.
The shares closed up 5p at 217.5p today which reflects a fair gain on the 165p they struck at one point last year and this year's low of 172p. However, it is still a long way off the last year's 660p high.|
|reetus: Anyone following this one? Share price seems to have been battered after Sept 11th but seems to have recovered slightly since. Could be an interesting Buy if it starts heading back up to £5 from whre it fell from.|
Umeco share price data is direct from the London Stock Exchange