British Polythene Share Discussion Threads

[cockneyrebel] 03/12/2009 11:18

been as firm as Jordan's boobs recently.

CR

[nurdin] 03/12/2009 11:14

300p would be nice :o)

[gcom2] 02/12/2009 10:19

Yes we're looking good for 315p I think

[chester] 02/12/2009 10:14

Breaking out.

[gswredland] 25/11/2009 15:40

excellent..nice looking chart!

[cockneyrebel] 25/11/2009 15:10

Breaking through major resistance levels - chat should start rising faster imo.

CR

[cockneyrebel] 24/11/2009 13:19

About to start carving through the Jan 2008 resistance levels - might get a bit faster on the upside then on.

CR

[cockneyrebel] 23/11/2009 08:28

PS - chart's making a lovely little curve upwards again here - I love to se a chart doing that :-)

CR

[cockneyrebel] 23/11/2009 08:23

I've just had another 2K - way too cheap after the recent statement imo.

CR

[v11slr] 20/11/2009 11:10

Neither can I, that's why I bought some this morning.

[bigbigdave] 20/11/2009 11:08

Can't see any dip lasting too long after last Monday's ims.

[boozey] 20/11/2009 06:37

Midas Update - BPI

Epic: BPI

Share charts:


Midas Extra readers have done well out of British Polythene Industries (BPI). When we tipped the shares in July, they were 175p. Now they are 263p, so they have risen 50 per cent in five months.

The company makes almost everything to do with polythene apart from plastic bags. Products range from shrink wrap to disposable aprons and from silage bags to food packaging. The group is also the largest recycler of polythene waste with some pioneering techniques that are closely watched across the world.

BPI is run by John Langlands, a Scottish accountant with a cautious approach to life. But on Monday he delivered a trading update for the four months to 31 October, saying business has been much better than last year and full year figures will be at the top end of market expectations.

Analysts now forecast 2009 profits of £12 million, a huge leap from the £3 million that BPI made in 2008. In 2010, profits of at least £13.5 million are expected.


Midas verdict: BPI is doing everything it can to cut costs and increase sales but the plastics industry is notoriously tough. Investors have had a fantastic run and may well want to take some profits. Sell half and keep the rest.

[boozey] 19/11/2009 12:54

Got mine too last night thanks for reply

[bigbigdave] 19/11/2009 09:58

Divi payment has arrived today, nice fat sum across 3 accounts.

[nurdin] 18/11/2009 14:33

Note that Investec ,BPIs house brokers, have lifted their earnings forecasts fo 2010 to 38.26p. On that forecast,BPI would be trading at just 7.8x at 300p !

Although perhaps too much to expect, a rating of 10x looks more appropriate for BPI at this juncture of their business cycle Price target of 384p? I will be happy with 350p :o)

[boozey] 18/11/2009 13:37

haven't been paid my dividend. Was due today I believe. Any other comments on this please?

[cockneyrebel] 18/11/2009 11:13

£3 in the near future imo gsw - still looks good value there imo.

CR

[gswredland] 18/11/2009 10:51

clear breakout now

[everton448] 18/11/2009 10:18

yes - thanks dixies

[gswredland] 18/11/2009 08:15

thanks dixies

[dixies] 17/11/2009 23:05

Edison have increased their forecasts. They now go for 32.6p current year and 36.4p for next year.

[everton448] 17/11/2009 22:45

Any of the brokers done what we were doing in August and revised full year earnings upwards?

[cockneyrebel] 17/11/2009 18:57

agree - fwd PE would be even lower to and the yield higher in all liklihood too.

CR

[makingheaps] 17/11/2009 18:48

£3 would give an historic EPS of 10x and a yield of 3.6%. With the rebased dividend and the earnings likely to rise for the next two years that would seem very reasonable to me

[cockneyrebel] 17/11/2009 11:56

Looks like we are back to the performance of 6 months ago again now imo - big run up one day, small dip the next, spike up the following day - and so on.

CR