African Battery Metals Share Discussion Threads

[drago] 31/10/2007 11:13

i'm not a chartist but this looks like it could revisit the 280 and even gain a bit more.

[cockneyrebel] 31/10/2007 08:08

About to bounce?

a good play on strong gold and weak retail. Money's getting tight - pawn shops do well then.

CR

[steelman48] 12/10/2007 14:48

drago

Not a doubt in my mind that they are worth holding on to. With the 11 shops added last year coming up to speed and the Herbert Brown chain which should be up to speed from the word go, I think the "bumper year" you refer to in your earlier post is all but gauranteed.

[drago] 11/10/2007 22:39

still well worth holding onto imho,
if we can maintain a high pe coupled with a high eps growth, then the shares should zoom.

[steelman48] 11/10/2007 18:41

Hello Drago

I see what you mean now, I thought you were talking about the Herbert Brown aquisition. What they actually said about the 11 new shops, and in particular the 7 greenfield ones added during the last 12 months was:

"As expected, these openings have inevitably impacted on profit this year but should enhance future earnings"

I don't think there's any reliable way to tell how much earnings will be enhanced by these and I think it's somewhat overshadowed by the Herbert Brown aquisition anyway, which is of course a chain of established shops which made over 3m pretax last year.

[drago] 10/10/2007 10:26

a 10% rise in earnings coupled with a pe of 20 gives a very ungenerous peg of 2.
you realy want to see the peg below 1 for a small growth company.

from the results, i think they said that earnings were held back by new openings.
maybe next year, and it could be a bumper year, those earnings could show a much higher growth rate and bring the peg down.

price been very strong recently.

[nielsc] 08/10/2007 16:30

As somebody said on this thread a good while back ABM usually has a pretty good run up to Christmas time. So far it is looking good for this year as well.


Cheers,
Niels

[steelman48] 08/10/2007 14:07

Well yes the PE looks high and the EPS looks low but any available figures to calculate these are from when the company was about 40% smaller, so they will do won't they.
With HAT also looking strong it looks more like a sector re-rating than a "pump and dump" to me.

[one for the money] 07/10/2007 11:10

hvs

What is that view based on?

Cheers
john

[hvs] 07/10/2007 10:59

Another CITY PUMP and DUMP ,

BE VERY VERY CAREFUL.

[one for the money] 07/10/2007 10:49

Steelman

Point taken - my mistake.

cheers
john

[steelman48] 05/10/2007 13:18

Drago

I don't really understand your question, earnings will surely be enhanced by the aquisition, these being established shops. There will of course be capex and increased borrowings, but I don't see how earnings can be hit?

[steelman48] 05/10/2007 12:12

John

The OFT did anounce that it had cleared the takeover on the 21/9 :



Todays news is just that they have pubished the text of the report.

Personally I never thought the decision was in doubt anyway, as I said in one of my boring diatribes a while back.

[one for the money] 05/10/2007 11:23

Merger update news - it look like someone had advanced information on this over the last few days.

;@) what insider trading?!

Cheers
John

[drago] 05/10/2007 11:19

if earnings were hit by new openings, has anyone any idea what they might be for next year.?

[ariane] 05/10/2007 08:53

put it on here cause its a competitor

mention was made on the HAT thread so i dared not.

enjoy your day.

[one for the money] 05/10/2007 08:41

Ariane

Just checking...is there any reason why you put this on here but not on the HAT thread?

Cheers
John

[ariane] 05/10/2007 08:16

H&T Group completes buy of independent pawnbroker in South West London
Date : 05/10/2007 @ 08:12
Source : TFN


H&T Group completes buy of independent pawnbroker in South West London


LONDON (Thomson Financial) - Pawnbroker H&T Group PLC said it has completed
the acquisition of an independent pawnbroker and cheque casher in South West
London, following a similar purchase last month in Portsmouth.
The company plans to to re-brand the stores under the H&T Pawnbrokers name
after the initial six months. It will retain both businesses at their current
locations.
H&T said both are profitable businesses.
[e-mail]
faj/ejb

[steelman48] 28/9/2007 12:01

going for it the last few days .. 268.5 mid but I've just been quoted 268.65 to sell and 270.05 to buy