Armour Group Share Discussion Threads

[callumross] 10/5/2010 08:29

Cash flow was impacted by the January weather but these are solid accounts by any calculation. 1.3p EPS compares with forecasts for 2p for the year. I guess that later today these will be revised upwards to, say, 2.5 - 3p. Shares represent great value IMHO on a P/E of 6.

[electronica] 10/5/2010 07:33

Results look pretty good ........... but ......... that cash flow figure is the real fly in the ointment.

[tompion] 10/5/2010 07:19

Results a bit slow appearing on ADVFN but here they are:

"The Group results for the six months to 28 February 2010 reflect a significant year-on-year improvement with sales up 12% at £29.7m and profit after tax up 55% at £0.8m. Both of the Group's operating divisions have traded profitably and continue to make satisfactory progress in these early stages of the wider economic recovery.

[loverat] 06/5/2010 19:05

Well, another one which has been kept down and difficult for shareholders to achieve some value and profits.

What the hell is up with these markets?

I remember buying these at 46p.

[callumross] 06/5/2010 18:25

Interim results will be published on Monday. Checked with the company.

[linhur] 16/4/2010 10:51

In the absence of a trading statement, I assume all the containers tumbled off the ships or are now covered by volcanic ash! Surprised there was no RNS to say that all was well.

[envirovision] 15/4/2010 12:12

Well that was a wily buy, guess there will be some profit taking around these levels, but i suspect the half yearly report will contain some nice surprises and I can imagine 20p in the run up to end of May.

[callumross] 15/4/2010 11:14

well, someone rates this, paying a 1p premium at 10 o'clock to pick up 62500 at 16p.

[envirovision] 15/4/2010 10:51

Prelude....any action, event or comment that precedes something else. IE. does not have to be an action or event before a prelude for a prelude to exist.

Portent is apt but old english from my neck of the woods.

24p eye

[electronica] 14/4/2010 19:36

Enviro

"Is this a prelude?"

A prelude is a linked event before an event ............... I think that this was a portent!!

24p within 8 months .................. in my view.

[envirovision] 14/4/2010 11:28

Strange price action. Is this a prelude?

[essentialinvestor] 11/2/2010 11:05

I think there is definately value here.
Would like to see one more set of figures just to clarify
that recovery has firmly gained traction.

The reduction in net debt has been the key for me.

[maltatrader] 11/2/2010 11:02

thanks Electronia

yeah definately we need some real hard numbers especially since the profitabilty ratios are only single digits
operating margin 6.61%, return on assets 1.83%, return on equity 3.05%......improving figures and the current low valuations should push the price up....the divi is decent too

[electronica] 11/2/2010 10:52

MaltaT - X/Div of 0.3p yesterday would account for some of the recent drop.

Essential - I too raised at eyebrow at that backlog clearance - it sounds so very unlikely. It's almost certainly an excuse (in my view) for poor forecasting & logistics.

Nonrtheless, AMR is undervalued. I guess that we will just have to wait for some real hard numbers before we see a re-rating.

[essentialinvestor] 11/2/2010 10:37

Just reading the Statement, the backlog of inbound containers will take
until the end of Feburary to clear?? - really?.

[maltatrader] 11/2/2010 10:30

what's happening today....someone selling?

[envirovision] 04/2/2010 11:56

Well theres been a significant amount of large volume trades over the week at 15.5pence. Yet anouther one today of 448,511. Theres been no RNS from any known large existing holder selling, so one can only assume this is a new person buying imo.

[envirovision] 28/1/2010 15:43

well the bid was 14.5p this morning, so i dont understand how they could have got 15.5p if it were a sell.

[tompion] 28/1/2010 15:36

ooh - that was a big trade - apparently a sell but no change in price.

[tompion] 28/1/2010 14:04

awful quiet out there!

[callumross] 28/1/2010 13:56

You would reasonably think that this should trade on a current year P/E of 12 i.e 24p, given the year is nearly half way through, the economy is gently recovering, EPS is forecast to increase around 50% this year and another 30% next. Also given their strong brand presence, turnover, reduced gearing etc.. Never going to get excitement on this one unless a bid materialises but a return to around 30p by next year's AGM is perfectly reasonable as a price target.

[dnfa1975] 28/1/2010 11:52

Our markets have shown steady improvement over the past six months and the new
products launched in the run up to Christmas, particularly our QTV flat screen
sound system, have performed well and exceeded our expectations. In January,
the Group exhibited for the first time at the Consumer Electronics Show in Las
Vegas. The response to our new innovative products on display was very
encouraging with considerable interest from a number of potentially large
customers in North America.

[envirovision] 28/1/2010 11:38

Reading between the lines whilst comparing last 3 years results, I would think EPS growth of anywhere between 50 and 75% is possible with certainly a small dividend payable again around 5% yeild. Interims will confirm this in May and if confirmed 20P+ possible, So a weak buy then imo.

[envirovision] 28/1/2010 08:24

Yep looks like a strong hold then. Shame about the weather.

[callumross] 28/1/2010 08:02

"Overall, the Board's
outlook remains cautiously optimistic and despite the disruption caused by the
January weather, we expect to meet the current market expectations for our
financial year to 31 August 2010."

Which means that without the big freeze, they would have exceeded expectations! So, still on course for EPS growth of 50%, EPS of 2p and a P/E of 7 for the current year.Will continue to hold.