Ashoka India Equity Inve... Share Discussion Threads

[rathlindri] 14/5/2014 15:39

So, takeover on the cards after travel sold off you reckon pico?

[picobird] 14/5/2014 13:32

Salpara111
You could always try a cigar instead?
I am currently trying to assess profits re the years 2013(past), 2014 (due July 14), & 2015.
Propsim is a charge in 2014. 2015 is going to be way above current broker estimates as they reduced targets when the markets were dormant in the first half of 2014. 2015 will exceed 2013 which was a strong year.
All in all looking very positive with so many networks being rolled out, plus China of course which has put Anite back on track for 2014.
Surely as the year goes by we must exceed 200p in view of a high already reached of 172p.
The price went down on nervous sentiment, time now to get back where it deserves to be.

2015 estimates range from 28 - 32 mill EBIT. That needs to go up to 40 mill min (lowest).
2013 came out at 40.5 mill EBITDA.
So perhaps we could pencil in 45 mill for 2015 EBIT as a conservative estimate.

Well Travel will go, probably followed by networks & wireless. With Travel gone the gates will open, bit like the Thames barrier opening.
Even so, the figures are looking good.

[salpara111] 14/5/2014 13:19

Good to see that there is support after the share price spike.
If they do manage to off load the travel business for a decent sum I would expect that we could crawl back to the 105-110p region but agree that the phrase would be "cautious optimism" as far as trading goes.
I am still well under water so wont be cracking open the champers any time soon but at least feel much more comfortable about holding for the next few months.

[rathlindri] 13/5/2014 15:59

Thanks al101uk. As the article and a few of the posters above say "immediate visibility is limited" but at last (!!!???) perhaps a corner has been turned.

[al101uk] 13/5/2014 15:38

Here's a snippet from Hargreaves Lansdown who quote The Times in their tips round up:

"Although it has yet to put any numbers on it, Anite's fourth quarter was encouraging. The manufacturer of equipment to test handsets and mobile phone networks saw better order levels than in the first half. During that period the company's orders for its handset testing business fell off a cliff. Of course, it must be kept in mind that this segment represents 60% of the firm's business. However, that appears to have been a one-time event, as handset revenues stabilised thanks to improved business with China Mobile after that company won a 4G auction.

At the moment there are 288 4G networks being put in place worldwide, with a total of 350 expected by year-end. All in all, Anite now looks set to hit market forecasts for the full year. Furthermore, a weekend report indicated it may sell its travel side to Lloyds' private equity division for £40m. The stock is selling on about 14 times' earnings for the present year, historically quite a low level for Anite, although immediate visibility is limited. "Assuming no further upsets, the shares look like making further progress. At this level, a buy," writes The Times' Tempus."

[rathlindri] 13/5/2014 15:26

Does anyone have a copy of the Times Tempus piece?

[brando69] 13/5/2014 15:00

anyone who topped up/bought in in the mid/late 70ps will be very pleased indeed.

[deanowls] 13/5/2014 08:57

Tipped in the times this morning by Tempus.

[werty5] 13/5/2014 08:51

Agree Prokartace, while it is very nice to hear that Pico is bullish about AIE and its prospects for this trading year and I have no reason to doubt what he says will be correct, it would carry more weight with investors if the BOD would say something similar. About time the BOD nailed its colours to the mast.

[prokartace] 13/5/2014 07:16

I think there is a significance in the fact that there have been no upgrades by the brokers. They, like us, need to have something of substance for the future before that happens. So now we have to wait until results day before there is any clue to the future

[picobird] 13/5/2014 06:43

Panmure Gordan have 139p on Anite as a target price.
May well be this year that Anite start to outpace the forecasts as they did a couple of years ago

[rathlindri] 12/5/2014 22:47

Well, the highest broker forecast I can find is 120p, so I'll keep both feet firmly on the ground for the time being pico. I hope all you are forecasting comes to pass as I suspect we all do..let's just not forget that we started 2014 at 99p so still a long way back to profit for many, me included. Welcome news today though for sure. My preferred outcome would be a takeover

[picobird] 12/5/2014 18:15

If it's any help to anyone besides having only just seen the rise today.
This coming year will be Mega. All quarters going up compared to the last two years but remember Anite has always been cyclical during every trading year. Even so I think taking the delays in orders last year into account this coming year will be darn good.

As I mentioned a week or so ago May is kicking off with what will be a really good year.
Travel next- very useful cash flow for expanding the business.
Plenty of news to come, contract wins should feature here with the markets being buoyant.
Should hit 150p when we get q1 trading update, or thereabouts.
With Travel gone ( it will go) , an offer for the company must surely come.
At least that will save us all from having to time selling our holdings. Nice to get the max price without losing out on mis timing. No one likes to see the price shoot up 50p after selling.
In the event of no offers we are entering an important stage in the future development of the company.

Six brokers today retained target prices.

[werty5] 12/5/2014 15:21

Echo the thoughts of most people whilst the results are welcome to be honest it was not unexpected. I find it hard to see a sustained recovery without some forward looking news. Still for now I will take it. Lets hope for news on travel asap.

[deanowls] 12/5/2014 13:25

Looking ahead at the first quarter last year it was highlighted as being slow, with what has come through in Q4 will we see the momentum carry on through and show decent growth against low comparables last year which should feed through into the share price which is still reasonably low.

[rathlindri] 12/5/2014 10:18

I would agree mbmiah, but this is Anite ;-)

[mbmiah] 12/5/2014 09:43

Yes, travel sale will take us back to 100+I can't see us pass 110 without a proactive update for the year coming. Shareholders need more clarity on vision surely?

[rathlindri] 12/5/2014 09:19

Good, some positive movement at last! Definate news re Travel business sale should give share price a further boost if/when it comes?

[prokartace] 12/5/2014 08:58

oldtown, are you new on the block?

[oldtown] 12/5/2014 08:42

Loving that gap up to £1, could be today!

[prokartace] 12/5/2014 08:08

It will do for a start! I would like to know what we have to look forward to in the next FY. We know all for this year

[mbmiah] 12/5/2014 07:37

Hmmm. There are murmuring undertones that lack positivity in this update!! I wish they would throw a little excitement in now and then. Fingers crossed hey