Avesco Share Discussion Threads

[shanklin] 11/6/2015 09:07

Have belatedly bought some. What are poster's thoughts on PBT and EPS going forward. Is it far too simplistic to just double up H1 profits to get to a FY estimate, especially when Edison are so very cautious in their update?

[meijiman] 11/6/2015 08:44

Have to echo what other posters have said. And I don't mind adding a big thanks to P Scott as had never heard of this until saw reference to it on his site. Did the DD and became a holder. The only real negative here would seem to be the tax charge which reflects growing US earnings. Nice problem to have in a way.

[sailing john] 11/6/2015 08:28

Still off the radar judging by trade volume
Seller around as I managed to add a chunk at 170
SJ

[professor x] 11/6/2015 08:21

Excellent response to a fantastic set of results. Well done all :)

[quepassa] 11/6/2015 08:18

Edison Research Note just released:-

Quote
The shares continue to represent very good value, trading at a 20% discount to the NAV of 180p and yielding a prospective 4.9%.
Unquote


Avesco upgraded again by Edison citing solid yield, net asset support, more consistent profits and cash.

Go to

www.edisoninvestmentresearch.com

for full report


ALL IMO. DYOR.
QP

[sailing john] 11/6/2015 08:09

Que Passa - worth repeating I think

So I'll take the liberty of copying my summary from eleswhere

Avesco 1H PBT £4.6m. Market Cap just £27m - but not for much longer
And Shareholder equity £34m (no silly intangibles), and interim divi +33% and FY ahead of expectations and and and! I think they might get noticed today!

SJ

[quepassa] 11/6/2015 08:03

I repeat my post 1492.




Boy Oh Boy!!

Interim dividend up by a STONKING 33% from 1.5p to 2p.

Outlook. Results for full year to exceed Board's PRIOR EXPECTATIONS.


Just to be clear about that. On 5th. March, Avesco gave a Trading Update when they said :- "Consequently the directors anticipate that results for the year to 30 September 2015 will be comfortably ahead of their previous expectations."

My interpretation of today's statement is that they expect full-year results to be even better than what they said in the March Trading Update.


These are excellent results with Creative in North America performing very strongly.

With a 33% increase in half-year dividend ( thank you Avesco), it seems most probable to me that the final dividend would also be increased by this same amount or more.

Looking strong. Very strong.

ALL IMO> DYOR.
QP

[shanklin] 11/6/2015 08:01

bb2, OK thank you.

Shame I never bought any. Well done those who do hold :-)

[battlebus2] 11/6/2015 08:01

Great response at the off :))

[battlebus2] 11/6/2015 07:59

It's a cyclical business Shanklin with sporting events etc every couple of years so EPS was expected to be much lower this time round.

[shanklin] 11/6/2015 07:36

Given that adjusted EPS for 2014 was given as 23.4p, why is the EPS estimate for the current year only 10p? This seems a bit ludicrous.

Or is there something going on which is not immediately obvious?

[battlebus2] 11/6/2015 07:34

Rogash the EPS will be well and truly beaten, this from edison in March..

We have increased FY15e revenue by £3.5m to £125.5m, which flows through to EBITDA of £24.2m (up £1.1m) and PBT of £4m, up £1m. FY15e EPS rises from 7.9p to 10.0p.

[battlebus2] 11/6/2015 07:26

Lol well said Que Passé I also like the dividend increase, could be as much as 25% higher with the full year.

[rogash] 11/6/2015 07:24

what about the basic eps 13.3p, where does that put the full year?

[quepassa] 11/6/2015 07:17

Boy Oh Boy!!

Interim dividend up by a STONKING 33% from 1.5p to 2p.

Outlook. Results for full year to exceed Board's PRIOR EXPECTATIONS.


Just to be clear about that. On 5th. March, Avesco gave a Trading Update when they said :- "Consequently the directors anticipate that results for the year to 30 September 2015 will be comfortably ahead of their previous expectations."

My interpretation of today's statement is that they expect full-year results to be even better than what they said in the March Trading Update.


These are excellent results with Creative in North America performing very strongly.

With a 33% increase in half-year dividend ( thank you Avesco), it seems most probable to me that the final dividend would also be increased by this same amount or more.

Looking strong. Very strong.

ALL IMO> DYOR.
QP

[battlebus2] 11/6/2015 07:09

Results out!! On first read excellent is the word with trading ahead for the full year. --

Revenues increased to GBP66.0m (six months ended 31 March 2014: GBP65.4m)
-- Operating profit increased to GBP5.5m (six months ended 31 March 2014: loss of GBP0.5m)
-- Trading profit increased to GBP5.5m (six months ended 31 March 2014: GBP4.7m)*
-- Trading EBITDA up 9% to GBP14.6m (six months ended 31 March 2014: GBP13.5m)*
-- Profit before tax of GBP4.6m (six months ended 31 March 2014: loss of GBP1.1m)
-- Basic earnings per share from continuing operations of 13.3p (six months ended 31 March 2014: loss per share of 12.4p)

-- Trading ahead of plan with full year results likely to exceed the Board's prior expectations
-- Interim dividend increased

[battlebus2] 10/6/2015 10:05

Great thanks rogash, looking forward to them....

[rogash] 10/6/2015 10:04

Interims as soon as next wednesday according to morningstar.

[battlebus2] 10/6/2015 09:01

A few sales and the olde liquidity kicks in. Results in a few weeks.

[battlebus2] 04/6/2015 11:53

Sounds good SJ, have my quota for now.

[sailing john] 04/6/2015 11:51

Added again to existing overweight position

Expecting a strong 1H and outlook

[sailing john] 29/5/2015 13:18

Hopefully - just added - already my second largest holding

1H next month and a positive outlook statement given comments in March TS

"The outlook for the summer period also looks promising. Consequently the directors anticipate that results for the year to 30 September 2015 will be comfortably ahead of their previous expectations."

[battlebus2] 29/5/2015 12:30

Next move up?

[michaelmouse] 17/5/2015 20:25

Only a very brief mention of Avesco, but you may wish to read the blog anyway.

Michael.

[professor x] 14/5/2015 13:49

Wow, I expected it to trend higher but it's smashed through it's channel now. Very bullish:


free stock charts from uk.advfn.com