||EPS - Basic
||Market Cap (m)
Real-Time news about Waterlogic (London Stock Exchange): 0 recent articles
|hazl: old but gives a flavour of what to expect in 2014 imo
'Stockbroker N+1 Singer initiated coverage on the stock on 22 April with a 235p price target. It says the share price should re-rate to a higher level as growth expectations for 2013 and 2014 ‘materialise’. It comments: ‘Waterlogic has the hallmarks of a high growth company but with the revenue model that ensures predictable and ongoing income.’
N+1 Singer claims that point-of-use water solutions can be more than 3.5 times cheaper than bottled water alternatives and says the market is moving away from the latter model. ‘The growth of the POU market has been fuelled by the success of Waterlogic; over this period the company’s install(ed) base increase at a compound annual growth rate of 20%, compares to the total market which grew by 16%. We believe the trend presents a “land grab” opportunity for POU companies, especially Waterlogic given its market leading position.’
|simon gordon: Broker Forecasts:
Waterlogic upgraded by Liberum
07th April 2014, 10:58
Liberum Capital has upgraded its recommendation on Waterlogic [LON:WTL] to 'buy' from 'hold' after today's full-year results highlighted a 2 per cent earnings per share beat and on the back of the recent share price underperformance.
The broker reckons the results go some way to demonstrate the progress made by the water cooler distributor in both its Commercial and Consumer divisions and also noted that the company has made a decent start to 2014.
"A period of forecast delivery and notable share price underperformance prompts us to upgrade to BUY," analysts said in a note to investors.
"Waterlogic trades at a notable discount to peers."
The shares are down 14 per cent in the last three months and are down 30 per cent over the past six months.|
|harry the haddock: this must be the quietest board on her - share price goes up 15% in a couple of days and not a peep from anyone??|
Thanks for your comments. I understand that I don't have much information to go on (having not seen the EGM notice nor talked to others) but why are you so certain this is a better option than liquidation? If the asset value was above 50p a few months ago why should they not realise what they can. Even in these stricken times it should be well above the share price.
Dealing in an unlisted securit can be fraught with difficulty in my experience especially if its onthe basis of matched bargains.
AIM - whilst expensive - gave some transparency by forcing the company to meet certain requirement. Since many posters here have already commented on the 'irregular' actions of management over the last year or two, what can we expect when they are less regulated?|
In my opinion this management should NOT have anything to do with a quoted company.
As the holder of a reasonable number of the shares, directly and indirectly, I am completely brassed off with them.
Having said that I find it hard to understand why the shares are trading so far and away below their asset value, even if the results are bad, which I expect, it would be hard to see them falling down to match the share price.
Should existing holders use this time as a buying opportunity to average down? I wish I knew the answer.|
|investopia: 'Poor trading conditions in January and February 2008, especially with
respect to kitchen furniture, which has led to a significant reduction in
the level of turnover forecast for the final quarter of the year;
Reduced levels of confidence in the sector among our customers, as a
consequence of their turnover slowing, brought on by interest rate
uncertainty, increasing personal debt levels and a slow down in the house
moving and refurbishment sector;
Significant increases in fuel costs through January and February 2008;
Weakening of the Pound against the Euro in the final quarter of the year
ending 31 March 2008; and
Increasing failure rate among internet based customers is resulting in
increased bad debts'
Just sounds like the truth to me. Looks like what the share price was discounting all along.
Don't know why they over paid for the property though.
I note that the debt is quite high which could make private ownership less attractive. On the other hand, one director controls already and if the company survives, the operational gearing could work wonders on the profits climbing out of the downturn. Given that scenario, what advantage would private ownership have over riding a rapidly rising share price?
Also, private owners can't go cap in hand to shareholders if things get really bad.
I have wondered in the past whether this company is being run for its directors rather than its shareholders, but, rather lazily, have not yet checked the level of director remuneration: has anyone got a quick handle on that?|
|bletherer: Er...in this case why has the share price not reacted?|
|knowsleyman: So, now we have a buyer at 66p. What does he/she know that the rest of us don't. The rise in the share price over recent days and the size of the purchases, by Waterline standards, stinks of some inside knowledge as far as I am concerned.
Last week I spoke to the chairman and Mazars and was told that nothing was due to be announced just yet.|
|doubleorquits: 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
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.|
|cockneyrebel: yep HH, I've noticed that I and several others seek out the same type of shares - nurdin, rivaldo, dorQ, diogenes and I all invest in a similar way.
I tend to find something that looks interesting and buy small to start with. As I do more research and become more familiar with a company and more confident of them I buy more.
Nearly 65% of the shares here are held by directors. Another 5% held by a fund and there might be several other small fund holdings of 1-3% that don't show on the holders list along with private long term holders having stakes lik that too. All that means the gree float here may be 10% of the total shares - little wonder it moves abouyt on small trades.
I think many don't grasp what illiquidity in these small caps does to the share price. In something like WTL if there is a larger seller around when joe average wants to sell 2500 the price might tick down. On the other hand if there are no sellers about and someone buys 2500 the price moves up. A few trades running one way or another can hit or invigorate the price. If punters can't live with a bit of standard volatility then this isn't the stock for them and many small caps are not for them either imo. If every dip they think there's a profit warning around the corner then they are never going to have meaningful holdings in any small cap stock. Since last October I've seen this rise and fall several times and there has been no warning. What a lot of punters haven't had is the cuddly newsflow that reassures many of the nervous investors.
That may not be irrational - I think it is perfectly normal human behaviour but good investing requires a different psychology. It's easy to think the crowd are right and very often they are. In large caps a falling or rising share price suggests the market knows something more often than not. But in small caps, where a single buy or sell can move the price and trigger one or two other buyers or seller it's easy to think that the market knows something when really it's two-three ordinary investors moving the price with small trades. Small punters are more powerful than they realise quite often.
Some of the best buys I've ever had have behaved like this to start with until the stock got wider coverage and appreciation. That's what we have here imo, too many letting a chart rule their decission rather than fundamentals and research when they stock is so illiquid the chart is of no use.
Waterlogic share price data is direct from the London Stock Exchange