Abrdn Property Income Share Discussion Threads

[sebass] 18/6/2012 12:07

Does anyone know what percentage tobacco represents of laminates revenue?

[interceptor2] 18/6/2012 11:00

Accelerating EPS, historic and forecast.

Stiil more buyers appearing and paying towards the top of the spread now.

ic2...

[interceptor2] 18/6/2012 08:25

After consistent buying at 60.5p last week, we have seen a small share price increase this morning after some more buying. Hopefully we can now break out from the last few months chart consolidation.

API still look cheap on PERs of 6.8 and 5.6 and strong cashflow with net debt falling from £14.4m to £3.6m in two years.

With API up for sale caused by a request from the two largest shareholders (62%) I would think there will be much interest for a company that has worldwide customers including most of the leading international companies. With API being the largest producer of bespoke high volume laminated board in the world, and a leading worldwide foils business, I think interested bidders are very likely to be from overseas imo.

ic2...

[interceptor2] 14/6/2012 15:57

Brought in here today, have been following for a while and should have brought before really. Better late than never.

ic2...

[cockneyrebel] 09/6/2012 16:13

thanks for the email penpont - cheers.

CR

[cockneyrebel] 08/6/2012 11:26

Nice little bowl here imo:

[penpont] 04/6/2012 18:15

Yes it all looks good CR, and thanks for the lead to this one from your thread. Prob one of the few I'd buy in current market conditions.

[cockneyrebel] 04/6/2012 13:37

Yes penpont, 9.3p eps, a rise from the 7.8p previously forecast.

PE 6.2. The company is being put up for sale too, as the major share holders think it is grossly undervalued - if that happens I'd have thought it would be at a price way north of here imo. Fabulous results that must have increased the attractiveness of the business to a buyer imo. I have these in my Stockchallenge for this year.




I thought these headlines say it all:

Financial Highlights

* 14% growth in revenues to ÂGBP113.9m (2011: ÂGBP100.0m)

* Operating profits advanced by 32% to ÂGBP6.9m (2011: ÂGBP5.2m)

* Improved results at Holographics (+ÂGBP1.0m), Foils Americas (+ÂGBP0.9m) and
Laminates (+ÂGBP0.5m). Profits at Foils Europe declined by ÂGBP0.5m

* Profit before tax increased by 77% to ÂGBP5.1m (2011: ÂGBP2.9m)

* Basic earnings per share of 6.7 pence (2011: 3.5 pence)

* IAS 19 pension deficit (net of deferred tax) down by ÂGBP0.7m to ÂGBP6.5m

* Cash flow from operating activities ÂGBP8.7m (2011: ÂGBP8.5m)

* Net debt down to ÂGBP3.6m compared to ÂGBP8.5m at March 2011

* Increased capital investment, with additions of ÂGBP3.5m (2011: ÂGBP1.2m)

* Shareholder's funds increased by ÂGBP6.0m (39%) to ÂGBP21.3m

* Installation of the new laminator completed to schedule in April,
shipments for the new supply contract expected from late June

[johnv] 01/6/2012 13:26

Jumped in today

[cockneyrebel] 01/6/2012 13:04

Bouncing today - chart making a bowl imo:

[cockneyrebel] 31/5/2012 12:21

Strange mover at times - could be up 5p+ out of the blue for no reason too at times.

Remember they said this recently:

The Board has given careful consideration to the Proposal, taken financial
advice and consulted with its major shareholders. Consistent with previous
announcements, the Board expects significant incremental volume growth
associated with the Laminates investment referred to above. Barring unforeseen
developments, the Board has concluded that it would be in the interests of
shareholders to explore a sale process during the third quarter of calendar
2012 when the benefits of that project are more visible and will update the
market on the formal commencement of any such process.

Q3 starts tomorrow. I have thgese in my annual stockchallenge, going rather well - if any stock has potential to rise 50-100% from here by year end then this is it imo.

Trading update mid July last year.

imo/dyor etc

CR

[johnv] 29/5/2012 16:24

Is this being held back by the pension deficit

[cockneyrebel] 29/5/2012 10:34

EPS has virtually doubled.

Net debt fallen from £8.5m to £3.6m, these will be net cash by the end of this year at this rate.

Compy due to go up for sale in Q3 - it's going to look even more attractive by then imo.

CR

[aishah] 29/5/2012 08:46

seven bagger now! Will be happy to sell at 90p

[cockneyrebel] 29/5/2012 08:31

Yes Chester - 7.8p eps forecast for the coming year, that was before these results smashed estimates. Will be amazed if that 7.8p eps forecast isn't raised a penny or so imo.

All imo/dyor etc

CR

[chester] 29/5/2012 08:20

Yes, looking good CR.

[cockneyrebel] 29/5/2012 07:53

Well aheads of forecast and earnings set to rise strongly.

Look extremely cheap - fwd PE possibly 6-7 or less imo.

imo/dyor.

CR

[chester] 28/5/2012 09:42

Looking interesting.

[cockneyrebel] 25/5/2012 15:03

Gone quiet here.

100k buy.

CR

[cockneyrebel] 23/5/2012 15:42

Some large buys on that results date announcement.

CR

[chester] 10/5/2012 14:38

Had a few. Come down nicely to the 50% Fib retrace.

[cockneyrebel] 16/4/2012 22:13

Bid getting close perhaps?

CR

[foxman14] 12/4/2012 16:12

Didn't expect to be back in so soon but less than 55p is too difficult to resist!