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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Andrews Sykes Group Plc | ASY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.50 | 0.51% | 496.50 | 11:12:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 494.00 | 494.00 | 496.50 | 496.50 | 494.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 03/5/2023 21:31 by gopher I don't understand why AS is not more popular with private investors |
Posted at 28/7/2022 18:37 by pireric I think Andrews Sykes' management's internal budgets for 2022 are for at least ~7% revenue growth (as a lower bound), with those expectations potentially set back in MarchIt's quite rare to be able to glean some insight on internal budgeting in an annual report, but since the new CFO has been in place, that has been possible with ASY. Credit to anyone here who has spotted this, because it's quite obscure. But since ASY never give any guidance it could be more useful than normal. 2021 potential budget - If you look at the annual report for 2020 that was published in May 2021 they set out a reasonable worst case trading scenario for 2021 in the going concern section of the report. One of the conclusions from that was that such a reasonable worst case scenario for 2021 would involve revenue between March 2021 and May 2022 being reduced by over £15m when compared to their budget. One of the key conclusions of this stress test was that they still expected (back in March 2021 when the section was probably written) that "group turnover for the 12 months ending 31 December 2021 is forecast to be comparable but above the 31 December 2020 figures." That makes sense to me; 2020 was not a great year with covid, and even a reasonable worst case scenario would see 2021 revenues higher than 2020. Backsolving and making some assumptions, that internal budget from March 2021 makes broad sense. 2022 potential budget - What I find far more interesting is this year's reasonable worst case scenario stress testing. The stress test this time is that "hire turnover and product sales reduce by 12% versus budget" (I'm pretty sure for March 2022-May 2023). If that assumption is made, the conclusion is that "group turnover for the 12 months ending 31 December 2022 is forecast to be comparable to the 31 December 2021 figures." To me, that is very interesting; if I crack the maths on that, at the low end of the spectrum and saying -2% still equals 'comparable' I think it implies that the internal budget is for at minimum 7% odd growth for 2022 in the central non worst case scenario (2 months of performance wil have been banked at the time of writing). Where comparable means 0%, you get to central scenario growth being much closer to 10%. If any of this proves right, it should mean ASY are on for a record year of revenues in 2022 and it should kick the perception of some investors that this is not a growing business. This seems a nice setup with the stock back at the low side of its multi year range. I would stress again that these implications seem to have been likely to have been made in March 2022, prior to the hot Summer we have had so far in Europe. Eric |
Posted at 05/5/2022 13:44 by km18 Andrew Sykes Group is focused on hiring, selling and installing a range of equipment, such as heating, air conditioning, drying and ventilation equipment. Given the wide range of products manufactured, the firm managed to boost profits to £19.5m from £15.5m last year. As a result, Andrew Sykes optimised EPS growth by 19.4%. Subsequently, the group generated robust cashflows, since net cash surged to £32.44m from £24m, resulting in a solid P/FCF of 14.2x, which was above peers. This plausible market news was effectively incorporated into the firm’s P/B of 3.78, hence the firm is likely to surge in value. Consequently, it implies that Andrew Sykes managed to capture intrinsic value. Furthermore, the group adopted a conservative dividend payout policy as more funds are allocated for further investment. This evidence is supported by the attractive dividend yield of 4.46%, thus investors are rewarded well for their initial investment. |
Posted at 10/5/2020 23:35 by thorpematt Yes, an extraordinary fellow. Not lost on the investors here I think. |
Posted at 19/2/2020 18:50 by thorpematt Yes quite a stormy season thus far. Investors here unlikely to be underwater at these levels for long. |
Posted at 23/7/2018 09:12 by keithfox The shares have been strong over the last 2 yrs but yes, it is surprising how many sellers there are at the moment given that the weather must be helping them tremendously. I presume a lot of investors don't really understand the business, either that or they are still taking profits from purchases over the last year or two.The forecast suggests this week could well be there best yet and after a slight cooling over the weekend next week could be even hotter with suggestions of 100F IN London. Sooner or later this has got to affect the share price. |
Posted at 28/11/2016 11:43 by quepassa This stock continues to trade on a very attractive yield.Historic yield is 23.8p divide by mid price of 425p = 5.6%. On the basis of good trading, there is no reason in my view why this stock shouldn't trade on a lower yield of say 4% as it is a growth stock. That would give a fair value share price of around 600p. Of course, any increasing dividend would further support the share price. The market currently values ASY mainly on yield in my view ( like you would a utility stock perhaps) but in many ways it is more of a family-run growth stock business in my view. Little is factored in for the growth prospects of the Company and ASY's increasing international expansion and build-out of depots. Growth stocks generally trade on lower yields and the shareholder return is partly made through capital uplift in share price. Apart from the illiquidity of the share (a very common issue on many tightly-held AIM companies), personally I see value nearer 600p. This stock is off the general radar. - Nothing wrong with that but if a few more Private Investors do the research and wake up to the merits of ASY, this could move forward quite a bit in my view. ALL IMO. DYOR. QP |
Posted at 29/9/2016 11:16 by quepassa Only a tiny 4,500 shares traded - astonishing on the back of such good results.But that's the house-style of ASY to keep a low market profile and a tight but loyal and supportive set of investors. I admire that in many ways. Low profile and off the radar is beneficial with AIM companies with a strong family ownership structure. ALL IMO. DYOR. QP |
Posted at 11/5/2016 12:06 by dave129 Hi -This is the commentary on the numbers today on the Stockopedia site by Paul Scott. Regards Andrews Sykes (LON:ASY) Share price: 310p (up 4.2% today) No. shares: 42.3m Market cap: £131.1m Results y/e 31 Dec 2015 - it's ridiculous to be releasing 2015 results in mid-May 2016. What on earth is the FD thinking? I used to get audited results out in 6-7 weeks of the year end, for a similar sized (albeit private) business, in the 1990s. So this is very sloppy, in my view. Having said that, the figures look terrific. This is such a good business, it's just a cash machine - churning out large free cashflows every year. 2015 appears to have been a very good year, with EPS up to 25.6p (2014: 22.0p). So at just over 300p, the shares are currently on a modest PER of just over 12. Note that nearly all earnings were paid out in dividends. It has net cash of £14.6m, and the balance sheet is excellent. Outlook comments sound cautiously optimistic: The group continues to face challenges in all of its geographical markets but our business remains strong, cash generative and well developed, with positive net funds. The mild and wet weather in Europe experienced in the fourth quarter of 2015 continued into the first quarter of 2016, thereby presenting both opportunities and challenges. Our business in the Middle East continues to perform well but we are mindful of the current political and economic issues that surround the region. The board is therefore cautiously optimistic for further success in 2016, always being mindful of the favourable or adverse impact that the weather can have on our business. There is some talk of investing in new products which are less weather-dependent, but I think it's best to regard ASY as a mature company, which is a terrific cash cow. My opinion - this is a lovely business, and very reasonably-priced. So there's a good chance of a significant re-rating, in my view, up to perhaps 400p? Bear in mind the unusual ownership structure, with only a small free float, which some investors don't like. Although the majority shareholder has looked after minorities well to date, with generous divis for example. |
Posted at 16/6/2015 07:28 by jbfnfn I bought a few of these recently. My trade didn't seem to show up in the list of trades on the LSE website later on (after the 20 minute delay or even hours later after the close). Does this mean something? Was the trade done in a "dark pool" by my broker? I just have a regular internet trading account press a button get a quote buy or sell. I am used to seeing my trades show up. I'm just a Joe Bloggs investor I know nothing. |
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