Brammer Share Discussion Threads

[jlo10] 31/7/2012 08:21

The results appear less good than the trading statement of a few months ago
TS said GP% up 1.2 - accounts say held
TS said sales up 29.4 - accounts say 25%
TS said organic sales up 9.4 - accounts say 6.7

Only looked at quickly but maybe shows conditions worsening

Only maybe - but a surprise - I had my finger over the buy button when I noticed price was going in opposite direction to where I expected

[broadwood] 31/7/2012 08:19

Ouch - not the reaction I anticipated.

[jlo10] 31/7/2012 08:10

is it lower than expected - even though good
IC had profits for 2012 forecast at 40m - 1/2 year is 17m

[shammytime] 31/7/2012 08:08

What's going on here? Very interesting...

[nurdin] 31/7/2012 08:03

Market doesnt seem to think so...wonder why.

[shammytime] 31/7/2012 07:30

Very impressive indeed

[report_reader] 31/7/2012 07:26

Interim Results:

At first glance, the report looks very positive..

[broadwood] 31/7/2012 07:11

The price came back with the market but, as usual, they have delivered strong results.The usual caveat is inserted about uncertainty in Europe but it seems that is much overplayed in BRAM's case.

Upwards from here.

[report_reader] 30/7/2012 19:31

@Shammytime: If tomorrows report is as good as the trading update indicates, then 275p is the very least.

But for it to happen tomorrow within 1 trading day it would need some serious volume for 275p to happen by tomorrow. If it does that's a 10.33% increase over today's closing price. It is possible, but not probable in my opinion.

However, fundamentally the company looks strong.. so I'm now hoping other investors will spot this stock and start to buy in. The dividend yeild is also reasonable, so in terms of growth and income potential it's looking good.

Off course, we will know for sure tomorrow :-)

[shammytime] 30/7/2012 14:50

Ridiculous level for this share - 275p at least timorrow

[report_reader] 30/7/2012 12:54

Looking at the Interim Management Statement, Brammer certainly does look attractive as an investment. There's no apparent reason for the drop in price from April onwards, other than the fact that the company is Europe based and the Eurozone is in a bad way...
With that said, with Brammer's business model, they aren't totally relying on the Eurozone to grow for their business to also grow. They concentrate on key accounts, and through doing so they can concentrate on accounts that are most likely to generate a return. The recent EDF Energy contract is an excellent example of this, these types of contracts are to a degree recession proof. Highlights from the last Interim Management Statement in May were..


· Sales and profits well ahead of 2011 driven by the Buck & Hickman acquisition, continued growth and market share gains.

· Gross profit margins excluding Buck & Hickman up 1.2%.

· Overall sales growth in the four month period from 1 January of 29.4%. Organic growth of 9.9%.

· Key Account sales up 15.9% in the four month period, now representing 35.8% of total sales.

· Buck & Hickman acquisition proceeding as planned. Cross-selling continues to drive growth with Fluid Power up 14.8% and Tools and General Maintenance (excluding Buck & Hickman) up 25.7%.

· Four new pan-European Key Accounts won.

· Sales and profits well ahead of 2011 driven by the Buck & Hickman acquisition, continued growth and market share gains.

· Gross profit margins excluding Buck & Hickman up 1.2%.

· Overall sales growth in the four month period from 1 January of 29.4%. Organic growth of 9.9%.

· Key Account sales up 15.9% in the four month period, now representing 35.8% of total sales.

· Buck & Hickman acquisition proceeding as planned. Cross-selling continues to drive growth with Fluid Power up 14.8% and Tools and General Maintenance (excluding Buck & Hickman) up 25.7%.

· Four new pan-European Key Accounts won.

Source:

Technical Analysis:
(Note: I don't use Technical Analysis, anyone who does can check this for themself)

Broker Targets:

[uhound] 30/7/2012 11:45

Results due tomorrow.

[nurdin] 20/7/2012 08:49

On the up now...should see £3 soon imo..perhaps ahead of the interims due end of the month?

[broadwood] 05/7/2012 11:04

Its ludicrous this fell back so far - albeit with the market and exposure to Europe. I've held for years and will continue to do so whilst management are so positive.

Peel Hunt Brammer PLC 05/07/12 10:03 Reiterates Buy Buy 0 390.00 390.00

[uhound] 03/7/2012 16:25

Have watched for a while and today jumped in.

Looks cheap to me based on profit forecast.

Director buying, recent upturn in trend - could go on a nice run!

[cestnous] 03/7/2012 09:26

Bought in last thing yesterday. Here's hoping.

[nurdin] 02/7/2012 08:18

cheers penpont...:o)

[penpont] 02/7/2012 08:08

Been buying early on this am. Tipped in IC on Friday, justifiably so IMO.

[nurdin] 28/6/2012 10:30

Thats good news there NT cheers.Why havent they RNSed it ? Time to add more I feel.

[naked trader] 26/6/2012 23:15

Brammer has confirmed its status as a leading partner to the energy sector by securing a major new contract with EDF Energy Nuclear Generation. The three-year maintenance spares contract will see Brammer provide a full range of MRO products and technical support to a business unit within one of the UK's largest home and business energy suppliers.

[naked trader] 26/6/2012 23:04

I can see this getting back to over £3 before too long, 20% upside works for me! IMHO DYOR.

[nurdin] 21/6/2012 09:30

Just a reminder

[nurdin] 21/6/2012 09:13

I have started accumulating here again.The fall to 256p..from 360p in April looks well overdone imo.The stock is now trading on a forward PE of 7.5,PEG of just 0.24 and is now yielding 4% in dividends.Too cheap !

[nurdin] 17/5/2012 10:48

Dont know why we are being marked down on what looks to me like an excellent statement.Perhaps Euro worries?