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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Axon Grp. | AXO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 647.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 647.50 | 647.50 |
| Top Posts |
|---|
Posted at 27/8/2008 20:53 by wilmdav "Investors Chronicle View:Aug 26 2008Although Infosys' bid for Axon has been agreed, shareholders should still wait for further developments. Sit tight." |
Posted at 15/6/2008 13:02 by joestalin From K,S & F:-Axon (AXO.L) Initiating Coverage with a BUY Rating Over the last three years, Axon has posted one of the best organic sales and profit growth performances in the sector. However, it is a cyclical business and worries about its earnings momentum in a downturn are understandable. We believe the current share price already discounts considerable downside risk to its margin and its below sector rating presents a good opportunity to own a stock which continues to have strong growth prospects. BUY, TP 615p. An Enviable Record of Organic Sales and Profit Growth Axon has a tremendous track record of organic growth, posting double digit growth rates in the last four years of 20%, 38%, 41% and 29%. Consensus revenue estimates for 2008 currently assume 20% organic growth. Over this period, margins continuously improved and its 2007 EBIT margin of 16.2% (post SBP) is some way above its peers. Market share in the UK is now at 16% but there are significant growth opportunities in the US and other international markets where its share is less than 2%. However, it is a cyclical company, dependent on continuing investments by large enterprises in IT, specifically on the SAP platform. The recent positive Q1 update (shares rose 10% on the day) was reassuring, but residual concern on earnings momentum in the event of a downturn is understandable. ...Cyclical, but has Defensive Qualities In the last downturn, Axon saw revenues contract 2% in 2001 and 11% in 2002, with EBIT margins bottoming out at 8.3%. However, this was no ordinary cycle given the well documented over-investment in the tech sector in the years prior. Some types of projects that fell away at that time like pure Internet projects have not been seen for some time. By contrast, 80% of the group's current work is on transformation programmes, which should be more recession proof. We also believe that enterprise spending (as opposed to consumer) is more defensive in this cycle and that its vertical exposure (little financial services and retail in the mix) should see it weather the downturn better than investors fear. 13% Discount to Peers, DCF Points to Considerable Upside At 12.5x Cal'08 P/E, Axon trades on a 13% discount to its peers, despite its strong track record and growth prospects. Our adjusted EPS appear to be c10% below consensus but that is because we adjust for share based payments. A DCF using 9.5% discount rate, 3% terminal growth, 7.5% mid-term growth and LT margin of 12.1% (ten year average) yields our fair value of 615p. A bearish scenario (4% mid-term growth and LT margin of 8.3%, which was the trough in the last ten years) yields 378p, while a bullish scenario assuming 10% mid-term growth and LT margin of 15% yields an 848p fair value. We believe the risk to this stock is to the upside and initiate with a BUY rating and 615p target price. |
Posted at 18/4/2008 17:08 by steva Blockbuywww.axonglobal.com, About us, Investors, Calendar |
Posted at 04/4/2008 15:11 by milacs When you were so dismissive of technical analysis I assumed you were a novice investor.I would recommend Technical Analysis of the Financial Markets by Johm Murray to augment your undoubted accounting skills. We know it's not a game, figure of speech, so in my humble opinion it is better to be equipped with as much information as possible and that includes both fundamental and technical analysis. M |
Posted at 02/4/2008 17:36 by joestalin I think a fund is selling these. If investors are baling out of the funds, the managers have no option but to dump stock, hence the low share price being offered. It is a big opportunity for someone though. |
Posted at 27/3/2008 16:02 by milacs Looked at the AXON site and it reports two sales 1.35 million at 15.16 and 1.34 million at 15.24.www.axon.co.uk/pages M |
Posted at 02/2/2008 20:00 by scottie01 Is this the article milacs?.Declared oversold by three brokers By Philip Stafford Published: February 2 2008 02:00 | Last updated: February 2 2008 02:00 Shares in Axon Group, the SAP software integrator, have been hit as hard as any technology stock in the past six months. The near-40 per cent drop is largely due to fears of a slowdown for SAP systems as global economies slow. Exposure to the US, which accounts for 35 per cent of revenues, was a particular concern. The second issue came after founder Mark Hunter's decision in November to step down from the board. Although he stepped aside as chief executive more than a year ago, investors feared he could sell part of his 12 per cent stake. He sold 2m shares, or 3.2 per cent, at 790p in October. Earnings from SAP this week have set aside many concerns. The German group saw software and related service revenues rise 17 per cent and forecast 12-14 per cent growth in 2008. It also increased its share of the Core Enterprise Application market. Three brokers declared Axon oversold, with Dresdner Kleinwort upgrading its rating from "hold" to "buy". Panmure Gordon estimates Axon is trading on a p/e ratio of 11 times 2008 numbers. Given Axon is also exposed to non-cyclical energy and defence companies, earnings for 2008 are looking secure. Philip Stafford |
Posted at 17/12/2007 10:11 by spacecake David Schwartz: Offbeat clue to small-cap dipsRemember that Small Caps are largely a playground for private investors. Liquidity issues prevent institutions from in-and-out trading within this sector. Based on past experience, it could be several months, if not longer, before bruised investors rebuild their finances and regain their confidence. read the full article on the link below, |
Posted at 05/9/2007 08:21 by blockbuy morning all..........yes a very decent session from the US last night..........techs leading the way..............mms opened up where they left off...........786-79 Cheapest Stocks in Almost 12 Years Greet Investors (Update2) By Eric Martin and Daniel Hauck Sept. 4 (Bloomberg) -- U.S. investors are returning from summer vacation to the cheapest stock market in almost 12 years, and some of the biggest fund managers say they're ready to load up on shares of technology, energy and industrial companies. Software makers in the Standard & Poor's 500 Index last week were valued at an average 20.8 times estimated profit, the lowest since at least 1995, according to data compiled by Bloomberg. Industrial companies traded at 18.4 times earnings, lower than their average of 23.4 this decade. Oilfield-services provider BJ Services Co. last month was the cheapest in almost six years. While the benchmark for American equity tumbled 9.4 percent between July 19 and Aug. 15 on concern the worst housing slump in 16 years would slow economic growth, the index gained in August for the first time since May. President George W. Bush and Federal Reserve Chairman Ben S. Bernanke reassured investors last week that they would prevent losses in credit markets from ending the six year expansion. ``The market's probably seen the worst of it,'' said Fritz Meyer, the Denver-based senior investment officer for AIM Investments, which oversees $160 billion. ``The Fed ultimately will ride to the rescue.'' Stocks are ``on sale'' and managers are ``finding opportunity everywhere,'' Meyer said. The S&P 500's average price-to-earnings ratio of 16.8 for August was the lowest since November 1995, according to monthly data compiled by Bloomberg. Market Rebound The slump, the steepest since March 2003, wiped out $1.41 trillion in market value. The S&P 500 rebounded 4.8 percent after the Fed on Aug. 17 unexpectedly lowered the interest it charges banks and the index ended the month 1.3 percent higher. Investors returning from vacation today snapped up technology and energy shares, spurring a rally in U.S. stocks on speculation prices haven't caught up with earnings growth. The S&P 500 added 1.1 percent to 1,489.42. and Axon gets a little mention in the telegraph too............. nice................ ;-)))))))))))))) |
Posted at 20/8/2007 08:03 by huwrayhenry sharescopei'm short a few companies which have gone up 200-300% in the last 2 years and have experienced directors off loading > 5million £ of shares. a dead cert in the current market conditions. don't use level 2. i have in the past but find that trading support and resistance lines works well and more efficient with my time. level 2 is for day trading/ getting entry/exit right - thats why i'm not clear why bb uses it and the investors on this board are interested in it. hence - the investors on this board should spend their time trying to read charts, compare other charts, learn to see a trend use it to predict a move in share price this will allow then to protect their gains. what they shouldn't do is spend the day watching level 2 and posting ramblings on this board. it prevents a balance disscussion. for example, market crashes 5% - this would suggest that some might sell - this would suggest a lower share price for AXO. another example, papers say investor should keep clear of market for a while - this means weak holders will sell - this would suggest a lowert share price for AXO. so if you believe that will have reached the bottom for AXO in the next few days or hours as some would like you to believe then you are either a very canny investor or inexperienced. be lucky HH |
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