All Leisure Group Share Discussion Threads

[paleje] 03/1/2011 09:45

I was reviewing this on the weekend. In their last TU they noted that ongoing poor exchange rates were likely to impact on profits, no indication of how much and it may be that increased revenue will compensate for it. They were using derivatives to help mitigate the effect. Then they announce their Finance Director is leaving, presumably not in an orderly fashion as no replacement in hand and no word as to why or where he's going.

Anybody any thoughts on this? Any wisps of smoke?

[paleje] 22/12/2010 15:34

Agree with you completely welsheagle, seem to be overlooked and those director buys in the summer were substantial. Cruising's on the up, PMG rated them a BUY in Nov with a 95p target, hoping for good figures end Jan. Noticed they're losing their finance director, hope there's nothing behind that.

[welsheagle] 19/12/2010 12:08

From November's 'Company Refs', when price was 50.5p:-
a/ Prospective PE ratio of 4.29 (based on one broker forecast, recommending 'buy').
b/ Three Directors buying recently.
c/ Forecast growth in eps of 60.8%.
d/ Dividend yield of 6.19%.
e/ Net cash per share of 41.2p.
f/ Price to sales ratio of 0.42.
g/ Turnover up from £31.7m to £73.6m in last five years.
h/ Net asset value per share of 50.6p.
i/ Positive cash flow per share of 5.81p per share.

These seem massively under-valued, and tick all of the boxes.
The shares should gain next year, once the affect of the volcano has dissipated.

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