Abacus Share Discussion Threads

[bletherer] 20/6/2007 12:29

Looking pretty bleak here if it fails to rally back to 100p by the close. A retest of the all-time lows at around 75p would otherwise look to be the likely next stop. Must admit I'm pretty amazed by the complete collapse in ABU's share price since February. Companies usually need to put in a couple of major profit warnings before things get this bad.

[2delta] 19/6/2007 15:41

Quite a bit of selling but share price would appear to be holding steady for now anyway.

[deep powder] 18/6/2007 14:31

Taken a maiden holding today. Clearly issues with volumes but price fall/yield/interest cover and a double digit free cash flow yield next year look good. Will probably be held back until we get all the loose stock sorted.

[philjeans] 14/6/2007 14:06

Can't see any support for this one yet - when it get below a quid, it's anyone's guess!

[2dotty] 14/6/2007 13:20

At this rate the market cap will soon be below gearing,if I'm correct!

[mmamuk2] 14/6/2007 12:57

A reduction in holding by Unicorn Asset Management Limited to 8.9%, affected on 8th June 2007.

Do we know what their holding was before ?

[gearstick5] 14/6/2007 11:15

New low it will below £1 shortly. There has been a lot of sells lately big deals at that.

[masurenguy] 08/6/2007 19:23

"gearstick5 - 7 Jun'07 - 275 of 276: A better bet would be EKT the market cap is £17 million and the co is expected to make 3to4 million 2007/8. EKT is highly cash generative and should have net cash shortly".

LOL - yet another alias for that all time loser Loveprat !
Still desperately ramping the world about EKT in the hope of getting your money out.

[kappa3] 07/6/2007 16:31

Looks like its going to go down further hold on and buy in at 95p

[gearstick5] 07/6/2007 11:49

A better bet would be EKT the market cap is £17 million and the co is expected to make 3to4 million 2007/8. EKT is highly cash generative and should have net cash shortly.

[2delta] 07/6/2007 09:54

More downside possible until any good news emerges if any. If there was a big slowdown/recession i suspect we would get a profit warning or two but we are approaching historical lows and when things are at their darkest {unless somebody switches the lights off permanently} it usually is the time to pile in but falling knife ect.

[gearstick5] 07/6/2007 09:45

Trouble with profit warnings they tend to come in threes. I cant see it being a blip because the brokers downgraded for 2 years 07 and 08. The debt are high so I would expect more downside.

[2delta] 07/6/2007 09:43

Is this a bargain yet? Are we at the bottom yet, err feels like it, my a*se rumbling that is!. Top up maybe approaching but imagine what the share price might be if trading deteriorates over coming months, the mind boggles or should that be the stomach churns a bit like my Hotpoint on 1600 spin with an extra spin at the end for good measure, LOL.

[gearstick5] 06/6/2007 15:05

The forecast earnings arer flat and also reduced. Seems like the share price will continue to drift. The co seems to be x growth now. Cant see many buying now on reduced forecasts.

[nigelwestm] 06/6/2007 09:15

Just had a look at the latest Dresdner estimates. 13.7p EPS this year, 14.1p EPS in 2008. That's pretty flat earnings growth if you ask me: just 2.9%.

I've now revised my view about this being a bargain. I reckon that the 7.2p dividend, if maintained, would make ABU worth buying under one pound per share. But you can now put your money into an online savings account and earn more than 6% with no risk to your capital at all...

[2delta] 06/6/2007 08:48

Considering the buys share price should be going the other way so wondering is there some large sells getting worked on in the background. FALLING KNIFE springs to mind.

[nigelwestm] 05/6/2007 19:02

I would say that once the dividend is out of the way, then why shouldn't the share price drift lower throughout the summer? I doubt there'll be much news, and too many people have had their fingers burnt (not me, thank God, having got out at above 190p earlier in the year) to want to top up, I'm sure. I like the dividend, though, and I reckon that sub-110p will probably prove to be a bargain over the long term, but how many other investors think like I do...

[bletherer] 05/6/2007 14:21

Gah, I see my timing here was rubbish as usual. Knock the 3p off for the dividend tomorrow and it will already be pretty close to that 100p support level. Wouldn't surprise me now if we see it this week - if so a time to add I believe.

[2delta] 05/6/2007 12:36

I agree 10k director buy is a bit of a token gesture considering their salaries and their current holdings are virtually non existent so would like to see larger buying in unison which would send a positive signal, maybe in time. I have a larger holding than virtually all the directors so it would be nice to see them top up some time soon. Always a possibility £1 may be tested and if so i will be ready to top up but the share price can move very quickly in either direction.

[bletherer] 05/6/2007 10:12

Lured back in to buy a few today with the prospect of the divi coming up. I still think a drift down to £1 is likely at some point but that's only 10p from current levels with the divi taken off and there is a bit of encouragement with the broker responses and director buy. Mind you, 10k isn't a big deal for most directors - I will take it more seriously if they start buying up 100k+ chunks of the company.

[2delta] 05/6/2007 09:43

Well at least the broker's appear positive but i'm not surprised considering the savaging to the share price

[jimi2] 05/6/2007 09:34

Refs now shows Dresdner Kleinwort has a buy rec from May 30 with 13.7p for 07 and 14.1 for 08 with an unchanged dividend.

[2delta] 05/6/2007 09:23

My broker is showing buy rec. raised from hold as above updated yesterday.