Aukett Swanke Share Discussion Threads

[mistertibbs] 21/12/2007 17:52

Until the next trading day piggy. Still those consistent small sales going through. Do you think those links will be of interest to you know who piggy, on new year's day?( time of our next report)

[emptypiggy] 21/12/2007 14:55

Nice to be on board with this one ,, and as Mistertibbs said great links posted marvel ,,, dare i say it ,,,,, confidence is high !!!!

[mistertibbs] 19/12/2007 21:11

YOur welcome MM and yes, not long now. Interesting to hear my nephew made a recent purchase in this one. Nothing to do with me although I remember bringing it to his attention some time ago.

[marvelman] 16/12/2007 12:35

Thanks MT...lets hope the share price lives up to its promise as well.Not long to wait now for the finals.

[mistertibbs] 16/12/2007 12:02

You are living up to your name marvelman. Superb stuff, or should that be marvellous?

[marvelman] 15/12/2007 10:16

And this....

[marvelman] 15/12/2007 10:00

Their profile is certainly going to be enhanced by this:-




.....and so will their profits

[mistertibbs] 13/12/2007 16:27

Looking at the RNS for SMC today and I'm even more pleased we did not merge with them. Ouch

[marvelman] 29/11/2007 07:45

Silverfern...that was a class post.

[marvelman] 28/11/2007 10:36

Agree on both points FH...Although the curry measure is in local currency and easier to relate to.Regards.

[flyinghog] 28/11/2007 09:19

Does the curry night measure not depend a tad upon the venue of the curry night and the quantum of curry consumed? Not an exact measure I suspect.

I rather like the Price to Pre-tax-profit earning ratio = P/PTPE which is rather easier to judge?

[marvelman] 27/11/2007 18:49

Yes Silver..its how you measure it.Often the tax position of these companies are not always clear so although strictly not the correct (OFFICIAL and UNABRIDGED) version of calculating p/e is as Masure says, the rough and ready measure that many investors use is the simple one I espouse to. Anyway, as I am tired of explaining my reasoning to Masure (and many others reasoning) I wont labour it.Suffice to say I will continue to state my P/E calculation using MY preferred measurement and the interprutation is just the same on a different level.I had not thought of using curry nights to calculate the divi but I see exactly where you are comming from...I wish others could do the same.Regards.

[silverfern] 27/11/2007 18:18

A very good buy at these levels. Now, what will the dividend be? 0.4p is my guestimate, and that's a lot of curry nights given my holding (technical point: always measure your div in curry nights)

[masurenguy] 27/11/2007 13:03

PE ratios are always based upon eps, which is derived from profit after tax.

[marvelman] 27/11/2007 12:47

Masure

I didnt say PAT...I, like many, calculate my p/e before tax. I have doubled the first half (rough and ready) and divided into £15 million ,market cap as was before todays rise.

[masurenguy] 27/11/2007 11:32

marvelman - how do you arrive at a PAT of £2.5m ?

The last trading statement in September projected a PBT of £2.3m on revenues of £19.5m. That should translate into an eps of 1.1 which now actually equates to a PE of 10 at todays mid share price of 11p.

[greengiant] 27/11/2007 10:37

The company's reputation has been slightly tarnished through association. In my mind they made the correct decision by walking away from the acquisition, but, with the problems in this sector last year, investors are wary.

One to sit on until results - then, your patience will be rewarded.

gg

[marvelman] 27/11/2007 08:24

Market cap £15 million.Cash £2 million.Profit >£2.5 million.p/e(Forgive me Mas) 6.0.Interest in this company.....none.

[marvelman] 26/11/2007 11:37

Unbelievable...the bid moves up.

[rik shaw] 24/11/2007 18:52

Unfortunatly fully listed shares such as WTM in the same sector of construction consultancy have also dropped with P/E of only 10. So pressure is still down on share price despite the fact that HYC and SWG each with results over the next week or so are likely to show there is still good strength in the sector which the market has decided to overlook. Most of these consultants are not linked to housing and many have links to both government spending and overseas projects which should keep earnings robust for quite some time.

[marvelman] 24/11/2007 16:07

Thanks Masure...an interesting and honest synopsis.My only concern here was the change of FD, the previous one going too quickly and without much fanfare.However the new FD has put his own £20k in and this makes me sleep a little easier.

[masurenguy] 24/11/2007 14:32

Their trading statement in September stated that they expected full year results (for the y/e Sept 07) to be in line with the upgraded market forecasts that were provided around the time of the interims. These indicated revenues of circa £19m and a PAT of circa £1.65m. On this basis eps should be at least circa 1.1p and therefore the current year PE should be circa 9. This is very undemanding for the sector and suggests that we have probably reached, or are fairly close to, the bottom of the share price decline - unless something nasty comes out of the woodwork from the post year end trading period.

They have been tainted by the merger proposal with SMC but this is now off the agenda. A statement containing a positive forward view for 2008, when the results are finally announced, should be the catalyst to provide a new upward momentum for the shares although this could start earlier in anticipation of this. However it is often difficult to catch the moment when sentiment changes for a share that has been stagnating for no particular trading reason.

Still firmly on my watchlist. I probably would have been tempted to get back in at this level but I think that markets could be turbulent in the near future so I'm holding back on committing any new funds to the market at this time. There is still too much bad news in the US for my liking and further falls there will inevitably impact the market here. I will get back into AUK and by waiting I may just miss the bottom. Nevertheless I feel more comfortable adopting that stance at the moment until broader market conditions provide some greater reassurance.

[marvelman] 24/11/2007 11:57

We seem to have settled at support......any comments or observations Masure. I bought a small 20k yesterday which showed as a sale @9.95.I think that many of the "sells" showing are actually buys but my 20k were very quickly given so I suspect there is still a lot of stock available.

[marvelman] 16/11/2007 14:00

Nice 250k steadied the ship.