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Share Name Share Symbol Market Type Share ISIN Share Description
Actual Experience Plc LSE:ACT London Ordinary Share GB00BJ05QC14 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -1.76% 83.50 80.00 87.00 84.00 83.50 84.00 3,456 09:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1.1 -7.3 -16.1 - 40

Actual Experience Share Discussion Threads

Showing 26 to 48 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
13/11/2003
22:17
REA HOLDINGS (RE.) – 232p BUY What happens to rainforest after the loggers have done their worst? Answer: sometimes the land is covered with a new type of tree – palm trees. In Indonesia’s East Kalimantan, REA is developing a 125,000 hectare (480 square mile) plantation complex with its own mill for making palm oil. This replaces biodiversity with monoculture, but at least it turns carbon dioxide back into trees. Palm trees take four years to mature, peak in production between 8 and 15, and retire at 25. Palm oil is a staple food in Asia and the Indonesian government levies a 4.8% export tax. But consumption per head is far higher in developed countries because the oil is used in soap and cosmetics. Consumption per head in the US is three times the level in India. As Asian consumers become richer, we can expect demand to soar. REA started planting in 1994. In the late 1990s, it had to contend both with the Asian financial crisis and two years of El Nino drought. During these hard times, it brought in a 20% US partner. This relationship went sour and the Americans have sued, claiming they were promised a 30% interest. Their case was largely dismissed by a US court, but could in theory cost REA £20 million. El Nino will be a lesser problem next time because more trees will be mature. It is the saplings that suffer most from drought. El Nino has also brought higher prices. In 1998, they were close to $700 per tonne versus a recent $430. REA’s English management used to run Anglo Eastern Plantations (AEP), another UKlisted producer, but reckoned a bigger plantation would be more efficient because it could have its own mill. The new estate was also able to take advantage of more productive hybrid trees recently developed. Just over 13,400 hectares are planted and the company is adding about 4,000 per year. At that rate, it will be planting fresh areas for another 20 years. Using cautious assumptions, Hardman & Co forecasts earnings per share of 18.6p next year, rising to 25.6p in 2005. Admittedly, there is then a plateau but, by 2010, the figure reaches 53p. The shares have already done well and still have some oil in the tank. Shares Summary Rising affluence in Asia is driving demand for palm oil. REA is an ultra-efficient producer. Profits are starting to pour in. Rising commodity prices look set to drive the shares. BUSINESS: REA is developing a highly efficient 125,000 hectare palm oil plantation in Indonesia. VITAL STATS: Market value: £43 million Historic PE for 2002: 290 Prospective PE for 2003: 12 Prospective PE for 2004: 9.4 No dividend Spread: 4.22% VOLEX GROUP (VLX) – 156p BUY In normal times, you would need matchsticks to stay awake when Volex is mentioned. But these times are not normal and this company is a good deal more interesting than it first seems. It is the world’s number three supplier of power cable assembly makers. Phwoar! What makes this market interesting are the familiar themes of outsourcing and globalisation. Volex has been well established in China for years, so it is well equipped to benefit from both trends. Over the past two years, the management has seen a halving of turnover as the telecoms and IT boom collapsed. It has worked to slash costs. Two years ago, the company made £3 million in the first half on sales of £217 million. This year, it lost just £700,000 on £113 million sales. Finance director David Hudson reckons full-year breakeven is at £220 million. After that, each extra £1 of sales adds 25p to profits. In the first half, Volex spent £3 million closing a plant in Ireland. There are no further plans for closures, but they must remain risk. The company still makes two-thirds of its cables in Europe and the US. Despite this concern, we can see increasing signs of growth. The success of broadband in Europe has given the company a boost and has some way to go. Forecasts for computer and mobile handset sales are gradually rising. Volex will benefit from all this. The power cable market is also less subject to price deflation than electronics. Extra volume translates more easily into extra revenue. That halving of sales in three years helped cut Volex’s balance sheet to ribbons. Last year, the company breached a lending covenant, resulting in the hammering of the share price and triggering hefty fees. This year, the company must satisfy (unspecified) interest cover and debt to EBITDA requirements. But Volex is fairly confident. Net debt was £41 million at 30 September. Why buy the shares now? Because there seems to be real momentum building in electronics. Spending upturns start with small items, then move bigger. Volex should be an early beneficiary and the forward earnings multiples are still rock bottom. Consensus forecasts for March 2005 and March 2006 show sales of £248 million and £268 million, giving EPS of 13p and 20p. Shares Summary Recent interims suggest the worst is over. Global IT and telecoms spending is starting to rise. High gearing has frightened investors. The shares are still recovering. BUSINESS: Maker of power cables for computers, telecoms and automotive markets. VITAL STATS: Market value: £43 million Historic PE to Mar ’03: -21 Prospective PE to Mar ’04: break even Prospective PE to Mar ’05: 11 Prospective PE to Mar ’06: 8 No dividend Spread: 4.39% ACTIF GROUP (AIM:ACT) – 8.12p BUY Two years ago, Actif was on its uppers. The risky move into selling men’s underwear with the Joe Boxer range proved a disaster, losing £1.2 million out of total losses of £2 million in 2001. Fortunately, the ELLE brand was going strong, and new management took over in the shape of chief executive Mark Evans, formerly of Grattan and Wickes, and finance director Julian Ghinn. Joe was closed down, but a big customer went bust, losing Actif a further £250,000. Hopefully, these disasters are now history following a solid set of full-year profits released a month ago and an upbeat trading statement from Evans. Pre-tax profits rose 6% to £333,000 which was ahead of house broker Seymour Pierce’s forecast of £300,000. Debt, which threatened to overwhelm the company at one stage, fell sharply again to £1.1 million – or 27% gearing – a long way from the 2001 figure of over £3 million and gearing of 91%. The store opening programme has been revived, Fiona with new flagship stores opened in Meadowhall, Reading, Glasgow, Birmingham and Portsmouth last month. The 17th store will open in Croydon’s new Centrale shopping centre next March. The repositioning and restructuring process is complete. The new design, buying and merchandising teams are concentrating on improving sales and margins. They seem to be successful with sales in the new financial year up 15% in the retail arm and 22% up in the wholesale business. This fundamental improvement in both the quality and styling of products bodes well for the allimportant Christmas trading period. Profits are expected to surge to around £800,000 this year and to £1.25 million next year, dropping the PE to just over 5. The shares trebled at one stage this year but, having since dropped back from almost 10p, they look excellent value at the current price. But readers should not chase the shares too high as the market capitalisation is still only £5.3 million. Shares Summary The market has started to wake up to the turnaround at Actif. With the market capitalisation a fifth of turnover and a very low PE, the shares look like doubling over the next year or so. BUSINESS: Retailing of ELLE women’s clothing ranges. VITAL STATS: Market capitalisation: £5.3 million Historic PE to Jul ’03: 13.5 Prospective PE to Jul ’04: 7.4 Prospective PE to Jul ’05: 5.4 No dividend Spread: 8.82%
chapman123
13/11/2003
22:14
Shares mag article IMHO some way to go if momentum holds can see plenty of new buyers tommorrow then a fall on monday ??? ACTIF GROUP (AIM:ACT) – 8.12p BUY Two years ago, Actif was on its uppers. The risky move into selling men’s underwear with the Joe Boxer range proved a disaster, losing £1.2 million out of total losses of £2 million in 2001. Fortunately, the ELLE brand was going strong, and new management took over in the shape of chief executive Mark Evans, formerly of Grattan and Wickes, and finance director Julian Ghinn. Joe was closed down, but a big customer went bust, losing Actif a further £250,000. Hopefully, these disasters are now history following a solid set of full-year profits released a month ago and an upbeat trading statement from Evans. Pre-tax profits rose 6% to £333,000 which was ahead of house broker Seymour Pierce’s forecast of £300,000. Debt, which threatened to overwhelm the company at one stage, fell sharply again to £1.1 million – or 27% gearing – a long way from the 2001 figure of over £3 million and gearing of 91%. The store opening programme has been revived, Fiona with new flagship stores opened in Meadowhall, Reading, Glasgow, Birmingham and Portsmouth last month. The 17th store will open in Croydon’s new Centrale shopping centre next March. The repositioning and restructuring process is complete. The new design, buying and merchandising teams are concentrating on improving sales and margins. They seem to be successful with sales in the new financial year up 15% in the retail arm and 22% up in the wholesale business. This fundamental improvement in both the quality and styling of products bodes well for the allimportant Christmas trading period. Profits are expected to surge to around £800,000 this year and to £1.25 million next year, dropping the PE to just over 5. The shares trebled at one stage this year but, having since dropped back from almost 10p, they look excellent value at the current price. But readers should not chase the shares too high as the market capitalisation is still only £5.3 million. Shares Summary The market has started to wake up to the turnaround at Actif. With the market capitalisation a fifth of turnover and a very low PE, the shares look like doubling over the next year or so. BUSINESS: Retailing of ELLE women’s clothing ranges. VITAL STATS: Market capitalisation: £5.3 million Historic PE to Jul ’03: 13.5 Prospective PE to Jul ’04: 7.4 Prospective PE to Jul ’05: 5.4 No dividend Spread: 8.82%
chapman123
13/11/2003
17:15
Almost 5m shares traded today, at prices up to 11p. No doubt Martin Lent is still selling, but we still don't know who is crossing his palm with more and more silver to persuade him to part with each successive slug of shares at ever higher prices. 26% up at the close. Not bad for one day. :-)
diogenesj
13/11/2003
09:38
Hold onto your stock this has further to go!
jcrabbers
13/11/2003
09:28
Thanks for that, R: interesting. Doesn't seem to to be the reason for the rise, though. Only two trades showing, 1,000 shares at 10.72p and 500,000 shares at 10.625p, both far above yesterday's price. There seems to be at least one serious buyer in the market and I have a feeling he didn't get the tip from Shares Magazine. But who is it and what does he want? No doubt we shall find out in due course. Price coming back a bit now: only 18% up.
diogenesj
13/11/2003
09:01
Apparently ACT were tipped in Shares today you lucky tinkers. Haven't seen the article and not a holder, but I did look a while ago, didn't bite (boo!) and don't think they're cheap anymore. But WDIK! Good luck anyway DJ.
rivaldo
13/11/2003
08:57
Morning, Jeff. Nice little rise this morning: up 32%. What the hell's going on? Have we struck oil? :-)
diogenesj
06/11/2003
09:31
Thanks, Jeff. Strange that there's been no RNS: someone must have bought all those shares. Anyway, they still look good value. Let's hope the AGM is positive.
diogenesj
04/11/2003
16:03
OI MMs - you're 'aving a larf ain't you?
jeff_v
04/11/2003
15:29
Web site updated. AGM 16 December 2003. I'd expect V positive trading statement same date.
jeff_v
04/11/2003
15:22
About time the climb resumed?
jeff_v
30/10/2003
15:23
Lent is the former CEO who left in 2001. He we will know nothing about the current business. Where's the next RNS, come on! Probably hadn't even noticed that the shares had moved from 4p to 9p until he got a call from his broker.
jeff_v
30/10/2003
14:59
All getting very interesting.
terry91
30/10/2003
14:51
So that was our seller who came to the aid of the MMs yesterday afternoon. Who is he anyway? Should be another RNS for the buyer who took a couple of Million on Monday and close to 3 Million on tuesday morning.
jeff_v
30/10/2003
13:58
RNS Number:4919R Actif Group PLC 30 October 2003 Actif Group plc ("the Group") 30 October 2003 The Company was informed today that following the sale of 3,815,237 ordinary shares of 1 pence each on 29 October 2003, Mr Martin Lent is now interested in 6,000,000 ordinary shares representing approximately 9.2 per cent of the issued share capital of Actif Group plc.
terry91
30/10/2003
12:14
Bit slow today lol
terry91
30/10/2003
11:04
I'm sure you'll look very nice in them, Jeff. :-)
diogenesj
30/10/2003
10:33
Confirmation that the Bullring store is open: http://www.bullring.co.uk/website/StoreDetails.aspx?currentSectionId=a9b51e69-3058-4324-970c-e2caaeb92cdc&contentInstanceId=f6192508-4439-4ea6-b182-c50424b3afd6 Never thought I'd have shares in 'cute shoes and bags'.
jeff_v
29/10/2003
21:11
Another great day just read the results again how long can this go on though?
terry91
29/10/2003
16:14
Don't know much about ELLE other than what's in the finals but as you've said on another site with 16/17 stores by March 04 its begiining to establsih a presence and might look attractive to competitors. It's that market cap to turnover ratio thing isn't it? If it can grow turnover from 25M to 50M in 12 months the PE (as long as it isn't negative) is less important than the brand name. (IMO)
jeff_v
29/10/2003
15:46
As far as I can see, the only director with a substantial holding is the Chairman DM Brock, and he only has just over 1m shares (1.5%). Large holders listed in Refs are: Martin Lent 15.6% Ted Baker (Jersey) Ltd 13.5% Hatzioannou Hdngs SA 10.7% Susan A Tisdall 4.76% M Benjamin 4.51% Oakdown Ltd 3.56% Universities Superannuation Scheme 3.27% Refs is not comprehensive, so there may be others. Question is, are they just shuffling shares amongst themselves, or is there some purpose to it? We should know in a day or two.
diogenesj
29/10/2003
15:22
I'm assuming the 2x1M yesterday were buys - had to be because they were above mid. The 2x1M this morning also buys. I don't think this is a P&D because even finding a seller to dispose of 4.5M hasn't calmed things down. I'm guessing the buyer still wants more.
jeff_v
29/10/2003
14:56
Whoever's selling is certainly making them pay for it. Must be an RNS soon.
diogenesj
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
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