Abrdn Property Income Share Discussion Threads

[aishah] 11/6/2010 13:56

11-Jun-10
API Group API Numis Buy 9.50p target=13.00p Reiteration

[knowing] 11/6/2010 10:35

Good article GP thank you. Online can presently only pick up a max 15K shares.

[gingerplant] 10/6/2010 14:41

API Summary from Equity Development:

The group has reported sales revenue of £84.6m this year, which represents a 9.5% fall from the previous year. An improved operating profit of £0.9m was achieved this year compared to £0.1m last year.

The company struggled in the first half of the year, but improved revenue by 25% in the second half translating into a return to profitability of £1.9m. The group cites the impact of recession and the timing of cost reduction methods as an explanation for this U-shaped performance.

The group's European businesses are doing well and have delivered profits offsetting losses in other regions. North America and Asia have both reduced losses compared to 2009 but Asia Pacific's otherwise good performance has been hampered by continuing losses in China.

Sales revenues have dropped by 9.5% in a relatively uniform fashion across all regions, but the group has been able to increase profits by a focused reduction of their cost base. They have also benefitted from lower raw materials costs, lower utility prices and more favourable exchange rates.

The US economy is slowly recovering from recession and it is hoped that sales volumes in the region will recover accordingly. The group is also buoyed by increased brand owner activity on packaging developments and new projects at advanced stages. Some concerns must persist due to tentative confidence amongst particular customers and uncertainty over raw material prices, but otherwise API have addressed immediate concerns regarding their debt and the cost base and are well placed to grow the business. To have achieved that, yet being valued with a market capitalisation of only £7m, seems most incongruous.

[gingerplant] 05/6/2010 21:25

What we could really do with seeing here would be some decent director buying. I was hoping to see it straight after the results.

There hasn't been any director buying (other than freebies) AFAICS since the Chief Finanace Officer bought £10k's worth two years ago at 11.5p:

[knowing] 04/6/2010 16:17

Chris I will see if I can find that Fox research paper over the weekend and see if there is anything else out there.

[chrisdgb] 04/6/2010 14:10

Yes nice juicy trade at the mid price..

[knowing] 04/6/2010 13:32

Guess that was the buy which was being filled.

[chrisdgb] 04/6/2010 12:33

Nice to see some 2 way business in these...just like a normal share..!!

[chrisdgb] 04/6/2010 08:44

Would be good to get any resrach posted if anyone finds any..cheers.

[knowing] 03/6/2010 22:28

Some good news tonight.



There also seems to be note out from Fox Davies.

[chrisdgb] 03/6/2010 15:59

decent buyer in town methinks....

[ny boy] 03/6/2010 12:57

knowing, chart shows we could be in for a move higher?

I also suggest you take a quick look at (HER), won't be .60p for too much longer!

[chrisdgb] 03/6/2010 11:54

nice spot, surprised we are not higher by more this morning..

[gingerplant] 03/6/2010 10:43

High risk ... high reward?

[knowing] 03/6/2010 09:58

Morning, well can't complain about those a definate change here and certainly will be looking at adding when I can.

[chrisdgb] 03/6/2010 09:32

I wonder if the Numis analyst will UPGRADE their 19P target price..

[philjeans] 03/6/2010 08:48

I like the second half turnaround; if they can keep that performance going we should achieve a REAL net profit before tax this year.

Looking very undervalued against sales and M/C; debt and pension deficit a drag though.

[chrisdgb] 03/6/2010 08:35

Results look like an improved trend and a positive outlook, the potential orders in Laminates sound very interesting..

Gradual move over 10p..??

Still very little volume...

[knowing] 02/6/2010 15:11

Yep good luck and let's hope that the figures and outlook are good tomorrow.

[chrisdgb] 02/6/2010 15:08

I hope we get some good progress on all fronts tomorrow..

[chrisdgb] 01/6/2010 08:07

Well I think you might be wrong there but we shall see on Thursday..

[hvs] 31/5/2010 11:51

Down Down Down

[knowing] 31/5/2010 10:27

Results out 3/6 so should have a clearer picture where this is going.

[knowing] 25/5/2010 15:11

You never know market might be in rally mood.