Waterlogic Share Discussion Threads

[its the oxman] 12/6/2007 08:35

glad to see this over 70p - scope for another 10p at least i hope before serious resistance

[papalpower] 12/6/2007 08:32

I have found the article which was posted elsehwere, here it is, from a week or so back :


Waterline* (WTL)

Waterline continues to be a frustration for me, but its presence in the WatsHot portfolio remains welcome. Whatever way I look at this company, the shares still appear cheap to me. Trading will be difficult in the near term, but this is a solid company with good management that will respond to the way its market moves in the right way. The company only recently reiterated that pre-tax profits for the year to 31st March 2007 would come in at around £1.8 million. After one-off costs this should lead to earnings of 7.3p per share, funding a total dividend payout of 3p. For the current year, profits should be back on the up tick, though whether they hit my projected £3.1 million is largely out of the company's hands. The market will dictate growth in the current year. Still, it remains my contention that earnings will hit 12.5p per share this year.
At 66.5p, the shares trade on a historical (but as yet not reported) multiple of just 9.1, falling to 5.3 for this year. I think this is very attractive indeed. At 66.5p, barring any disasters, I expect the shares to run higher in the run up to results being reported. "Buy".

[madmix] 12/6/2007 08:30

Good to see that this thread is nice and quiet, hopefully we've lost most of the short-termists.

Chart looking much more healthy now (not that I'm a big follower of charts myself, though). Only three weeks until the final results in "early July", so we could see some further interest returning here.

The market will now begin to focus on 07/08 earnings, which at the current price suggests a PER of 6.8, so plenty of room for upside.

[philjeans] 12/6/2007 08:28

Chart looking stronger now and suggests a lot further to go.

[130407] 07/6/2007 15:13

we're on the move again.

[tole] 07/6/2007 12:50

Thx for the article DoQ.

[doubleorquits] 07/6/2007 12:33

It is actually a good article because it highlights how cheap these are even after the downgrades and integration costs. A nice read - especially as they see significant upside in share price which concurs with my view. Put them on a PE of 10 even and £1 is easily possible.


Shares of this kitchen specialist might have floated at 84p in July 2005 but they have yet to take the market by storm. However house broker Daniel Stewart has a price target of 110p – some 70% above the current share price of 64.5p.
Since it was floated the group has enjoyed strong sales growth.

Following the group's last trading update, Daniel Stewart forecast that
2006-07 turnover would be £85.1 million compared with £74.8 million in the
previous year.

Although sales growth was strong the group's acquisition of Coolectric,
the exclusive UK importer of Liebhorr premium domestic and commercial
refrigeration, has involved substantial integration costs which hit last
year's profits. These issues are, however, of a one-off nature which should
not impinge dramatically on the group's 2007-08 profits.

The acquisition of BDD, a Scottish kitchen distributor, has been very
successful. Apart from eliminating a competitor and increasing the
group's exposure to the Scottish market, it strengthened its relationship
with Franke, the world's largest sink manufacturer. The acquisition also
increased the group's expertise in the contract sector- BDD was mainly
a contract operation while Waterline concentrated historically on the
retail market. Although Waterline would not be immune to any
deterioration in the housing market most of its business is in
refurbishment. It has experience of previous cycles and believes that it
would be able to use any downturn in the market to acquire smaller
competitors. Meanwhile its emphasis on quality and service should
ensure that its market share grows as customers continue to desert less
reliable operators. Daniel Stewart is forecasting 2006-07 earnings of 7.3p
rising to 10.3p. These forecasts provide the scope for significant upside
in the share price.

[130407] 07/6/2007 09:45

spoke too soon...oh well.

[tole] 07/6/2007 09:43

Not read the article but did notice on citywire that this was one of 'Shares' 25 best AIM buys today.

[130407] 07/6/2007 09:40

slowly going in the right direction

[papalpower] 05/6/2007 09:52

Apparently Luke Heron of watshot.com reiterated the "buy" rating yesterday.

Expecting 7.3p EPS at results, which then becomes historic.

Expecting current year EPS to be over 12p.

Therefore, by his estimation, WTL is on a current year (as its already under way from April 1st) PER of just over times 5.

[cockneyrebel] 05/6/2007 09:47

Chart definitely looks to have turned upwards with another tick up today.

CR

[mongrels1] 31/5/2007 15:36

Also it tends to move by big percentages when it does move (both up and down).

[130407] 31/5/2007 15:17

CR

looks to be a coiled spring in terms of movement, someone is obviously accumulating aggressively with the 100k blocks.

[cockneyrebel] 31/5/2007 15:05

yep, another 100K trade too, looking interesting

CR

[130407] 31/5/2007 14:20

CR

i think looking at it now it is evident we have risen from the bottom.

I would say these will gather momentum from here on in, and i would expect them to be 90p plus by the time the results come

[cockneyrebel] 31/5/2007 13:41

yep, the large trades of 100K at that price and the chart says these have bottomed imo.

Reckon there will be a lot kicking themslves at missing this price. I expect the results to say as they said at the trading statement. A pre-tax profit of £1.8m (7.5p+ eps) and that they see further growth this year. When the market reads that, tubles the PE is around 6 for the current year then away we'll go imo.

Results just 1 month away.

CR

[130407] 31/5/2007 13:23

looks to me like we hit the bottom in early May, and that now it will continue to move upwards.

[ptolemy] 31/5/2007 12:19

4th buy of 100,000 went thru' today at 66p.

[plentymorefish] 25/5/2007 15:38

I was thinking more like wrong planet!

[ptolemy] 25/5/2007 08:20

Not just wrong thread, wrong board!

[volsung] 24/5/2007 16:31

Sorry wrong thread

[volsung] 24/5/2007 16:31

See the evil signs
See some bloody crimes
Now hell's just begun
Satan's having fun

Every house in the street
Has evil seeds
The nature of the beast
Is in our breast

See some children cry
See young women die
In your neighbourhood
Streets are full of blood

Every house in the street
Has evil seeds
The nature of the beast
Is in our breast

Watch out
No-one will listen to your
Watch out
Crying
Watch out
No-one will listen to your
Watch out
Dying

[ptolemy] 24/5/2007 16:27

A quick check also showed 2 x 100k buys at 65p on Monday. Someone(people) building a position.