4imprint Share Discussion Threads

[manchesterbill] 30/6/2010 21:42

Trading statement all well and good. But who is going to take over as ceo when Ken Minton steps down at the end of August? The new chairman does not have the same sort of investment track record as Minton. Add in the suspicion that the US economy, which provides 4imprint's real growth, is teetering on the edge of a double dip recession, and it is hard to get enthusiastic about 4imprint's long-term prospects post-Minton. A takeover would be far and away the best solution. But where are the potential bidders, apart from the US management?

[cockneyrebel] 28/6/2010 19:02

Based on the percentage increases they mentioned today, carried through for the whole of this year FOUR would approximately do:

£130m Direct Marketing.
£52m End User Div.
£15m Trade division.

This sort of ties in with broker forecasts of £191m sales too, more or less.

End user division has seen a 23% sales increase but has had lower margins - but this is just 25% of the business. As they don't mention lower margins for the rest of the business it seems safe to assume margins there are flat or higher.

I don't know if anyone just sold becaus they read lower margins in hat one section but I think that would have been a mistake to do so imo. The 16% ave sales increase in the largest division on equal or greater margins looks magic imo. The trade div up as far as sales go and flat to better margins and the 23% the End User div makes up even if it has slightly lower margins shoul still increase profits with a 23% sales increase imo.

All in all I'd get the Panmure broker note from a month or so ago and have a good read imo.

Results due around Aug 4.

CR

[ghurah] 28/6/2010 15:59

SNR was already priced in. i think those 2 large trades on FOUR really put pressure on the price

[kimball808] 28/6/2010 15:44

WOW...for good news this has certainly taken one on the chops....same happened to SNR today

[cockneyrebel] 28/6/2010 11:11

FOUR - sales 18% ahead of last year's H1 - should mean around £95m sales.

In H2 last year they had £88m sales and did underlying eps of around 16p eps. H1 is the company's weaker half too.

27p eps forecasts look way light imo - brokers have said that there could be further upgrades to that 27p through the year.

27p eps would be a near record high - the 32p forecast for next year is a record. The shares are half their record high.

Results in just over a months time 13.2p divi (6% yield) ISAable, fwd PE 6.9.

These just have to be a lot higher come the Aug 4 results imo.

[cockneyrebel] 28/6/2010 07:58

Fantastic t/s - reckon broker forecasts are conservative on this - 27p eps and 13p dini looks like it will be more than beat - 32p eps next year - fwd PE 7 or less on forecasts.

CR

[bigbigdave] 28/6/2010 07:08

Well worth waiting for 8-)

[cockneyrebel] 24/6/2010 11:28

I looked back through the RNS's wynmack - normally on the 26th of June the previous two years - last year was early for some reason.

CR

[wynmck] 18/6/2010 15:06

Checked last week and Derek Law confirmed they hadn't set a date for IMS yet but was expected to be in "second half of June".
So ...next week then hopefully.

[cockneyrebel] 18/6/2010 12:15

They always have a pre-close t/s so expecting one soon. H1 ends in 10 days.

CR

[kimball808] 14/6/2010 13:28

God bless the beautiful game...just managed to nab a few more of these slightly cheaper because the MM wanted to watch the footie...Again 2010 expectations look stunning.

[bigbigdave] 14/6/2010 12:55

Motoring now....

[cockneyrebel] 14/6/2010 12:03

Huge trades and on the up this morning - 4% of the co just gone through.

CR

[cockneyrebel] 10/6/2010 14:42

Trading statement on June 17 last year - that would be a week today if the same as last year.

CR

[napoleon 14th] 07/6/2010 08:35

Patience - vital investor characteristic..

[cockneyrebel] 04/6/2010 11:19

had a few more today. Trading statement in 10-14 days and that large volume looks like a bit of stock shifted.

These were a fiver last time they were making this sort of profit - in fact they've never made this sort of profit, it's set to be a record year :-)

Cr

[bigbigdave] 04/6/2010 11:14

Some chunky trades.......62.5k, 37.5k and 25k.

[cockneyrebel] 28/5/2010 11:33

these were walked down to get stock imo.

Fell on no volume then when right off a 25K trade showed then up they roared.

moving up on average buying today - a 10K sell at 209p just through and the mm's never even blinked :-)

CR

[bigbigdave] 28/5/2010 09:09

Been adding here this morning.

[cockneyrebel] 27/5/2010 13:26

Trading statement June 17 last year by the way.

CR

[kimball808] 18/5/2010 06:54

CReb - notice that Digital look are forecasting EPS growth (60% for 2010, very impressive) not to dissimilar from the Panmure figures you quoted. Can I ask how you rate Digital look (generally) in absence of forecasts from broker houses, which can only be obtained by being a client. Thx

[cockneyrebel] 13/5/2010 14:20

Agree - Q2 trading statement was mid June last year so expecting a really good month ahead as that approaches.

I think when punters see how much H1 sales are up and the earnings these will behave like they did in that previous monster rise imo.

CR