Abrdn Property Income Share Discussion Threads

[cockneyrebel] 05/10/2011 10:54

Agree - but seen mad reactions here before.

Probably rally that 5p back up again when you least expect it.

CR

[daz] 05/10/2011 09:04

Churlish reaction to the one off hit from the floods. Cost inflation is abating and the contract win should ensure revenues are ahead.

[cockneyrebel] 05/10/2011 07:35

Nice trading update despite the hit from the flood. 7.8p eps forecast for the coming year - fwd PE 5.5.

There's some screaming value about in small caps now.

CR

[calahan] 25/8/2011 08:55

Topped up here this morning at 43.7p (trade not showing yet).

I think the price has held up fairly well during the general market turmoil IMO, and the fall back from the spike was probably to be expected with or without global matters (and that helps make a healthy chart IMO). If these can return to 50p+ in the next 3 months, and hold above that price for a while, then things look well set to make some new highs at the interims in early December. (Edit - post 2008 "new highs" that is)

Not sure what news will drive the price up before the interims, but can't rule out new contracts etc. But then again you also can't rule out the World going into recession either, and the price plummeting with the rest of the market. There aren't really any no-brainers out there right now (although I obviously think API are a safer bet than most).

All IMO. DYOR etc.

[andrbea] 02/8/2011 10:28

one of my few blue arrows today

[stegrego] 28/7/2011 14:18

This is working out very well and the long term charts a beaut.

Got to be worth 60p plus I reckon.

[chrisb1103] 28/7/2011 08:48

LOL it's a point well worth making twice though mate :)

If the foils division is getting back on track too, and signs are margins there are being restored as higher raw mats costs get passed through, API could really start to fly. And STILL only a single digit p/e...

[calahan] 28/7/2011 08:36

That is a great piece of news. That contract alone is potentially going to add 15%-20% to the group turnover figure for last year reported at the results. (and 35-45% of the Laminates division, which is the current star of the show for API). And if the margin for Laminates continues to improve even slightly (a big jump was reported in the results), then going forward, today's news should mean at least 1.5m in extra profits.

Numis are giving 5.90p EPS for 2012 (from the last note I can find on 14th July), which is now looking a bit conservative given the recent flow of news. And looking ahead to 2013-14, the EPS could be pushing towards double digits. So I'd be surprised if Numis don't appear with some revised (upwards) forecasts at some point soon. (All IMO, and all with a sore head from wetting a baby's head last night).


Edit - Ninja'd again. I'm always too slow in the mornings.

[chrisb1103] 28/7/2011 08:20

Great news! That's worth an additional 15-20% revenue pa over 5 years from this contract win alone (based on last year's figs). Already saying "ahead" for y/e 31/03/12 and this new contract kicks in from April 2012. Storming recovery underway here, surely more broker upgrades coming imo. Wish I'd added Tuesday now!

[ukinvestor220] 28/7/2011 07:31

so thats why buyers were in on tuesday !! good for those in the know (and existing holders of course :) )

[chrisb1103] 26/7/2011 21:52

Nice one dixies thanks v much - p/e less than 7 then! and one of the best recovery stocks around for chart bowl fans out there?

[chrisb1103] 26/7/2011 21:43

Spot on, test of 40p here Calahan... Can't find any details of forecast eps following numis upgrade of 14/07/11 (anyone else?) but still only p/e of less than 8 on their previous forecast of eps 5.10. "Activity and profitability levels are running
significantly ahead of expectations" - after only a 1/4 year of trading - got to be room for more upgrades going forward you'd have thought. Could beat by a mile here imo

[calahan] 26/7/2011 08:39

Yep looks that way. The price nicely held rock solid at ~35p after the trading statement, so everything looks set now for a test of 40p. All IMO.

[chester] 26/7/2011 08:31

Breaking Out.

[calahan] 14/7/2011 11:38

Numis have upgraded this morning (from the money AM site)

"14 Jul 10:51 API Group PLC Numis Upgrades"

Last Numis note I can find is from 09-06-11, when they said HOLD with Pre-Tax for 2012 of 4.30, and EPS of 5.10.


I thought these would re-test recent highs over the next few weeks, not hours! Not always the biggest fan of vertical spikes (prefer slow and steady rises) as they tend to leave a big gap for the price to slip back into. But I think if the price can stay above 35p over the next week in order to build some support, then they should be well placed to make a push for 40+. All IMO.

Edit - Ninjad.

[the avoint] 14/7/2011 11:38

Numis out with a Buy and 45p target.

[the avoint] 14/7/2011 10:56

Great statement as you say smudge onwards and upwards

[smudgeroo] 14/7/2011 09:33

Yep, cracking update this morning. Onwards & upwards.

[daz] 14/7/2011 08:46

Yes, raising full year expectations after the end of the 1st quarter is a very good sign and there has to be a chance of further upgrades as well.

Strange time (8.29) to issue the announcement, I suspect many will have missed it.

[stegrego] 14/7/2011 08:38

Smashing stuff.

[calahan] 14/7/2011 08:37

Always good to see a company confident of beating full year forecasts for the coming year just one month after publishing their last set of full year figures. Likely to test the recent highs again IMO.

[brokersai] 23/6/2011 13:34

Knowing thick chav.

[chrisb1103] 23/6/2011 09:44

Agree CR P/E less than 6 for forecast EPS growth of 46% in the current year to Mar2012 seems good value to me. Great recovery stock this, they will be passing on the higher raw mat costs this year too imo. Added a few this morning. Were paying 37p before the results. Could be a good point on the chart too:

[cockneyrebel] 19/6/2011 12:55

A PE of 6 then after the rally.

At the highs @ 37p the PE was just 7 - quite amazed punters sold on that rating to be honest.

CR