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Wraith Share Discussion Threads
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Not any more - since consolidation HOODS have been behaving themselves, even going onto the BID a lot of the time like a normal MM! Maybe thanks to SEYP reducing their spread to 1p.|
|Yes but BLR could be bigger|
SER on a forward p/e of 4 or less and has $500M worth of proven oil in the ground (7.6Mbbls proven) and 40,000 acres of highly prospective CBM land. Market cap only £7.8M.
|Yes AMU is doing well quotes can't complain with that comment.
Shame the bashers have arrived here.|
|Post removed by ADVFN|
|They are good results knowing and i bet the shares go on a good run.
Things is what do you class as value !
I've been watching small cap companies results closely for months now
and only a couple spring out as great value.
Here it's eps before ex's of 4.17p so it's on a forward per of 20 but has
great growth potential.
Now the one company that stood out as cheap for me and thus i have a holding
is Amu, they are a similar price (in the 80's) but their EPS before ex's is
in the 20's and they have a forcast of 28p EPS for next year.
So you balance up the options.
Wrt is on forward PER of 20, Amu is 3....Wrt has the growth potential, Amu
maybe have a little growth.
I just cant get away from Amu here, it's the value option.|
18 August 2006
18 August 2006 For immediate release
Wraith Plc ("Wraith" or "the Company")
Preliminary results for the period ended 31 March 2006
Wraith Plc, the UK-wide provider of flexible accommodation, is pleased to announce
preliminary results for period ended 31 March 2006. These are Wraith's maiden
preliminary figures since the Company joined AIM in March 2005 and hence proforma
comparatives are with Wraith Accommodation, the Company's sole trading subsidiary
at the time of admission.
*Turnover up 51% to #21.3m (2005 annualised: #14.1m)
*EBITDA up 38% to #6.2m
*EBITDA (before exceptional item) up 42% to #6.4m
*Operating Profit up 46% to #3.0m
*Operational Profit (before goodwill amortisation and exceptional item) up
58% to #3.2m
*Earnings Per Share 3.21p
*Earnings Per Share (before goodwill amortisation and exceptional item)
*Fleet size increased by 42% to 8,500 (2005: 6,000)
*Successful integration of three acquired businesses
*Operating from seven strategically-located depots
*Entry into lucrative serviced office market
*Current levels of trading encouraging|
|Volume still building - another 60k today at mid-price.|
|Nice. Looks like that 70k buy got filled today.|
|Tick up on the bid. 1v2
Start of the run-up to results?
Very small free float so any buying will push this one ahead especially with results coming very soon (last years 14/06)|
|MAs starting to converge and looks ready for the next push - notice the increase in volume over the last few weeks.
Results mus be pencilled in for circa 2-3 weeks time.|
|Plenty of small trades here this morning...been tipped somewhere again perhaps? Or are they RHPS readers from the last write up who have been waiting for a slight drop?|
|Off the recent Fyshe Horton Finney broker note...
Experienced management team with a proven track record in this market
Excellent product offering and strong customer relationships
Delivered robust organic growth of over 30% in each year since formation in 1997
Actively seeking value enhancing acquisitions
Only two market makers. Bid / Offer spread of 22%
Operates in a mature and competitive market
"Wraith continues to be a well managed business with a solid product portfolio which should deliver top and bottom line organic growth for the foreseeable future. Moreover, Wraith is now well placed to continue to deliver organic growth from its strong product range as well as actively seeking out value enhancing acquisitions in connected and complimentary areas."|
|Have asked before - But anybody got a summary of the latest RHPS write up on this one?|
|Yep! I love this share. But it quite volatile, tightly held with a largeish spread. Sounds like my girlfriend! Unlike her I am expecting big things from this share. Newsflow is so dire though I await the results which I guess will either be a feast or a famine.|
|Also on the interim results, David J Wraith, Executive Chairman of Wraith said:
"We are delighted with the strong trading performance of the business since
Wraith joined AIM in March. The fleet size has risen by more than 33% over this
period whilst turnover and profits have increased substantially, largely through
organic means. Planned new product launches together with a significant contract
pipeline in our Modular business give us confidence that the strong performance
will be maintained into the second half and beyond."|
|Well results should be pencilled in for a few weeks time - maybe will hear some more news in the run-up about the proposed new site in Scotland which was flagged with last results? Also worth remembering the 'significant' product launch to come in July and further new products pipelined for the second half.
Also worth pointing out from the last results - which should bode well for upcoming figures.
"Sales and profits at the Modular business rose sharply thanks to strong demand
from customers in our key markets of Education and Leisure. Encouragingly, the average project size is increasing and we look set to benefit from a very strong PFI pipeline from 2006 onwards"
"The second half is expected to see a continuation of growth underpinned by favourable market conditions and a healthy PFI pipeline. In addition, the full benefits of newly-opened depots and the acquisition of assets from Bowood will be felt."
Jackleg & Steel Anti-Vandal Division
Excellent progress continues to be made at this business, with the Company
benefiting from its strong customer relationships and high quality service
offering. The hire fleet increased by 2,000 units to 8,000 units during the
period, half of which was added through organic means and the other half
following the acquisition of the fleet hire assets of Bowood Event Hire Limited
in September. The acquisition has significantly strengthened our presence in the
Midlands, bringing depots at Coventry and Ampthill into the Company and
increasing our total number of depots to seven. We have also identified a site
for the Company to open a new depot in Scotland and look forward to making a
further announcement in the near future. The product range continues to be
developed with the launch in July of a significant new product for the game food
industry and further high margin product launches expected in the second half.
Sales and profits at the Modular business rose sharply thanks to strong demand
from customers in our key markets of Education and Leisure. A number of
projects at schools and college establishments were completed in the first half
along with several buildings for the leisure industry. The Company continues to
experience good demand from customers in the construction industry who include
many blue chip names. Encouragingly, the average project size is increasing and
we look set to benefit from a very strong PFI pipeline from 2006 onwards.
The first half has seen further significant growth across all operations with
the business gaining critical mass and benefiting from its higher profile as an
AIM-quoted company. We have a modern and exciting product range and enjoy
excellent relationships with our customers which bodes well for the future
growth of our business. The second half is expected to see a continuation of
growth underpinned by favourable market conditions and a healthy PFI pipeline.
In addition, the full benefits of newly-opened depots and the acquisition of
assets from Bowood will be felt. We are committed to growing market share
through a continuation of organic means together with selective acquisition
where we can demonstrate real value to shareholders.|
|All buys again today. Be interesting to see it pop soon.|
FT / Ernst & Young Entrepreneur of the year 2006 - North region finalists
Published: May 4 2006 15:48
David Wraith, Wraith Plc, Supplier of flexible accommodation units.|