Abrdn Property Income Share Discussion Threads

[kalkanite] 10/2/2014 11:19

....... That said, I think that there is a good possibility that API share price will be about 50% higher in 12 to 18 months time, certainly nothing to be sniffed at.

As always this depends on the economy continuing its recovery, with predictions of salaries rising in real terms this year there will be more money for the luxury goods that API produce the wrappings/boxing for.

Plain packaging for cigarettes could be a setback but that shouldn't happen in the UK (not including Scotland of course) until after the next election at least.

[kalkanite] 09/2/2014 18:28

Spooky,

You make a good point re the tax exemption, however, I am certain that the forecasts take this into consideration. Most of the tax exemptions will run out this year.

I think that this is a very good long term investment, although your concerns regarding a profit warning is probably wider spread given the low PE rating that the co. has, my only other concern is that we are in a bull market and given API next RNS is probably due in June, then there maybe opportunities missed in the meantime.

K

[spooky] 06/2/2014 19:31

For what it's worth i think that they will warn before the finals and don't forget that they are currently not paying tax when you look at EPS.

But they are cheap.

[kalkanite] 06/2/2014 15:01

Link to a comment I have made on TMF...




K

[paleje] 10/12/2013 11:22

Thanks for that davebowler, I think ST is also planning to update them in a column soon, separate to the thumbs-up his mag gave them a week ago.

[davebowler] 10/12/2013 10:15

Equity Development;

API Group is a global player in the manufacture and distribution of foils, films and laminates, including decorative and security holographics, with high market share (MS) positions in its key sectors and territories.

Interim results show that the company has weathered a challenging six months, but a trend of clear sequential improvement in sales and profitability has been reasserted. Although year-on year results are down on FY 2013 H1, a particularly strong half year, a significant turnaround has been achieved over FY2013 H2.

As indicated, API has announced an interim dividend of 0.7p per share, payable in January 2014, and API has also satisfactorily refinanced its main borrowing requirement through HSBC for the period to December 2017.

On a single figure PER for next year, we think that the market continues to undervalue the company and have derived a new target share price of 111p.

[al101uk] 04/12/2013 16:28

Good post sammy!

nice to hear that forward guidance is unchanged, they expect to beat on 2nd half and on full year overall vs last year. Must admit I was disappointed with results but I guess I'll hang on and see what develops over the next 6 months. It will need to be a very impressive second half.

[sammy_smith] 04/12/2013 10:01

LISTEN: Interview with Andrew Turner, Group Chief Executive & Chris Smith, Group Finance Director from API Group discussing the interim results.

Click the link below to listen

[ukinvestor220] 03/12/2013 18:14

are you looking backward or forward ?

[salpara111] 03/12/2013 13:34

Been waiting for these results and I have to say that I am not impressed. Top line growth has clearly ended and margins are down.
I will not be taking a stake.

[kalkanite] 28/11/2013 20:02

With the interim results out on Tuesday we may start to see a bit more share price activity here. I have been a bit of a bear over the last 6 weeks top slicing to lock in profits and building up a large percentage in cash. However I feel that API are still undervalued which lead me to topping up at the start of this week.

The management team have done an excellent job in the 5 years that they have been at the helm with year on year progress, bringing down borrowing and just recently investing in areas where they obviously feel this will benefit.

The property assets help to protect the downside and should there be a "genuine" improvement in economies I think API are well placed to take advantage.

Whilst the first six months have clearly been slow, management are predicting second half improvements and progress over last year.

I am expecting the announcement of new long term credit facilities which should reduce interest payments and a return of dividends which will broaden the attractiveness of the company to a wider range of investors.

K

[mathewawood] 28/11/2013 18:44

pyemckay See page 24-25 of the link hxxp://www.equitydevelopment.co.uk/doc/970.pdf

[pyemckay] 27/11/2013 23:00

I see the government are reported to be doing a u-turn with cigarette packaging. What will the hit be for API?

[snadgey] 20/11/2013 20:25

3rd Dec confirmed in their Trading Update of 4th Oct.

[pj 1] 19/11/2013 16:18

I have a note for 3/12/13, not sure if that's been confirmed by RNS though

[remi2059] 19/11/2013 16:13

Hi all, results are due in November according to the website - anyone know when exactly? Thanks

[davidosh] 31/10/2013 10:54

Nice to see API on the up....it just missed my top ten

If API is in your top ten then do add your positions here...

API has a few holders on there I can see.

[jaf111] 31/10/2013 08:33

moving up nicely here...news due soon?

[coolen] 02/10/2013 20:42

Would some form of consolidation in the sector make any sense ?
If so, what largish UK companies might be players on an agreed basis ?

[hezza123] 02/10/2013 16:40

This has been edging higher lately, with some rather large sales going through, which is odd. Unless there's an institution buying in the background. Reassuring anyway, especially given the current volatility elsewhere.

[hezza123] 04/9/2013 11:43

Yes, Crystal Amber's presence is always reassuring. Looks like they've paid between 40-60p for their holding, so will be looking for a far greater return than the current price suggests.

A friend of mine recently met the CEO and FD and was very positive afterwards. Yes, a slow start to the year, but a strong underlying business that should deliver in the long term. Net debt has reduced significantly too.

[al101uk] 04/9/2013 09:32

Took a position yesterday too, just before the move to 69p mid :-)

Dividend being re-instated was a factor, as was the current valuation and the fact that 40% of the company is held by two active shareholders... should keep the directors honest.

[hezza123] 03/9/2013 23:58

Took a small slice of these recently. Nice to see an uptick today on virtually no volume. Possible introduction of a 2p dividend in the next interims should result in renewed buying interest here hopefully.