Yule Catto Share Discussion Threads

[foxman14] 15/3/2012 08:34

Seller at 230p trying to resist the momentum. Methinks he's fighting a losing battle!

[gswredland] 15/3/2012 07:04

looking good. Maybe that bid will come sooner than we expect

[bigbigdave] 15/3/2012 06:21

FT - as near to a buy rec as the FT gets

.........closing price of 228.9p......trading at about nine times forecast earnings......discount of 30 per cent to the sector...... strong position in the markets in which it now operates...........looks a little miserly.

[kimball808] 14/3/2012 17:13

Bravo YULC... A cracking day...

[pj 1] 14/3/2012 12:16

Thanks CR, Good company which does what iT says it will do PJ

[cockneyrebel] 14/3/2012 12:06

yes PJ 1 300p looks more realistic imo - Collins Stewart seem to think the same:

1154 GMT [Dow Jones] Yule Catto & Co's (YULC.LN) FY results are ahead of expectations, says Collins Stewart. Describes them as "impressive" and says the incremental future cost savings add to the value argument for the company. Says Yule Catto is well positioned to create substantial shareholder value, primarily through organic growth, supported by increased margins. Thinks this isn't reflected in current market forecasts and valuations. Says, "We expect to see the shares enjoy a fuller re-rating as the underlying growth rate and improved quality of the company's earnings become even more evident through the year." Has a buy recommendation and a 293p target price. Shares trade 8.1% higher at 227p.

[pj 1] 14/3/2012 11:46

235p totally incorrect. 300p minimum surely?

[cockneyrebel] 14/3/2012 11:19

Brewing target too low - has to be raised in the coming days/weeks imo.

Firming up again now too.

Broke through the Feb high today too.

CR

[cockneyrebel] 14/3/2012 11:18

0829 GMT [Dow Jones] Yule Catto (YULC.LN) shares are up 8.9% at 229p, topping FTSE 250 after preliminary results. N+1 Brewin Equity Research calls them "a very impressive set of results," which are around 2% ahead of expectations. Notes underlying pretax profit of GBP88.9 million, versus its estimate of GBP87.1 million. Says the results confirm a very strong year of progress in a challenging environment. The group has made a solid start to the current year and the board remains confident about FY'12 prospects, adds the brokerage. Recommendation is buy with 235p price target

[broadwood] 14/3/2012 10:35

Yule Catto Climbs
Yule Catto added 6.8 percent to 224.3 pence. The company said it's targeting savings of 25 million pounds ($39 million) by 2013 as it integrates Polymerlatex, up from an earlier target of at least 20 million pounds. Pretax profit in 2011 jumped 25 percent to 96 million pounds and Yule Catto pledged a 35 percent increase in the dividend to 3.5 pence a share.

[kimball808] 14/3/2012 09:12

yep great results, I was a bit squeaky bottom pre market on how investors would interpret the exceptionals. But now they are out of the way, looks like a great base for 2012/13. If forecasts are anything to go by current share price seems a great discount to its peers (2012 81%, 2013 111%)

Chairman says...
'When we announced the acquisition of PolymerLatex we committed to deliver hard synergies of at least GBP20 million from the combination of both polymer businesses. I am pleased to say that, at the end of 2011, only nine months after the acquisition, we had already established a synergy run rate (annualised rate of delivery) of GBP15 million. The Board now anticipates we will achieve an annual run rate of GBP25 million by March 2013.'....which is nice...

[mechanical trader] 14/3/2012 08:54

Excelent results.......

[gardenarc] 14/3/2012 08:25

Very good results on this one i thinks.

[pj 1] 14/3/2012 07:52

CR-Yeah looks like i've missed out a bit on CCC but I keep to a plan (right or wrongly) and CCC didnt quite fit. Different here tho......CEO positive comments and agree should be min 20% eps uplift next year giving very attractive P/E and PEG. Waiting a bit just to make sure nothing is picked up in the accounts due to the reporting anamolies. Looking to buy more though short term. PJ

[cockneyrebel] 14/3/2012 07:38

Yes, and PE for this year of around about 8.5 - that must look cheap to most investors when you're looking at 20%+ growth in store this year imo.



CR

[broadwood] 14/3/2012 07:16

Although comparators are not like for like this looks like an excellent set of results.

[cockneyrebel] 13/3/2012 17:55

CCC has had a great couple of days PJ1 - hoping for the same here tomorrow.

ELM has broken out to 15 year highs :-) Chemical co's in demand imo

CR

[foxman14] 13/3/2012 17:29

PJ 1 - nothing wrong with a short term outlook given the way the market has performed over the last 12 months or more. In my opinion if YULC can produce a good set of results tomorrow the share price has more potential given the current rating. Unfortunately you can't have your money in everything!
Anyway isn't this a case of the kettle calling the pot black given you sold your CCC holding first thing this morning?

[pj 1] 13/3/2012 13:08

Fox.......Check your not looking too short term!!

[foxman14] 13/3/2012 12:40

I am hoping too, because the share price performance has been disappointing over the last couple of weeks and I don't want to regret offloading my ELM last week to put extra in here. 'Cause it's not looking a good move at the moment!

[kimball808] 13/3/2012 11:11

Here's hoping that management might have a little surprise for us tomorrow...

As at H1 they had booked 58% of current forecast full year PBT....63% of PAT based on Corp tax at 26% (2010 tax 19%)

GL

[pj 1] 09/3/2012 08:14

CR, Just seen you CCC !! Agreed and off course we never know if NT still holds them elsewhere and that its only his ''public'' holdings he has sold which is why I didn't follow!!! PJ

[cockneyrebel] 08/3/2012 20:52

Results Weds - looking at the way these and ELM are going PJ1 then I reckon Naked Trader will regret selling imo

CR

[mechanical trader] 08/3/2012 15:31

YULC Yule Catto.

TA position looking extremely bullish
for YULC. A bounce up from a long
established support line going back
to 2011.