Chelford Share Discussion Threads

[money4me] 06/9/2005 17:11

I'm actually going to lock in profit with a stop loss this time - would like to see the fruits of patience

[baughfell] 06/9/2005 15:18

Your spot on money4me, the share price has fallen heavily after the last 3 results

[money4me] 06/9/2005 11:27

hopefully not see the usual 10-15p mark down following a rise. be nice if the price held (or rose) after results - usually falls off a cliff

[baughfell] 06/9/2005 09:50

You know things are going well when the price rises on no transactions! £3 by the interims IMO

[cockneyrebel] 05/9/2005 18:45

AimShare says - on the new acquisition:

"No question about it, the most recent reports pitch Chelford right back into play."

CR

[cockneyrebel] 05/9/2005 10:21

:-)

CR

[cockneyrebel] 05/9/2005 09:42

From BVM results today - note what they say about RFID

"Prospects, both at home and abroad, look very encouraging and in the longer term there is a great deal of interest in Radio Frequency Identification 'RFID', currently only applied in Belgravium's test projects but which offers a large potential market".

CR

[pc4900074200] 05/9/2005 07:14

Notice of Interim Results

RNS Number:7872Q
Chelford Group PLC
05 September 2005

5 September 2005


CHELFORD GROUP PLC

INTERIM RESULTS ANNOUNCEMENT DATE

Chelford Group plc (LSE: CHR), the AIM quoted IT supply chain software and
services company, will be announcing its interim results for the six months to
30 June 2005 on Tuesday 20 September 2005.

For further information, please contact : Steve Liebmann at Bankside; tel :
020-7367-8883 or 07802-888159; email : [e-mail].


Ends


This information is provided by RNS
The company news service from the London Stock Exchange

END
NORSSMFIESISEIU

pc

[cockneyrebel] 04/9/2005 17:33

Have a look on the Agility website - a pretty neat range of hardware and software especially epos which looks like it makes a great fit besides the RFID.



And to think this is at pretty much an infant stage yet they company is already very profitable.

Couple of interesting forthcoming events that might see news.


Intermec & Agility announce RFID Executive Briefing
14th September 2005
European RFID Centre, Bracknell

Logistics Link North
21st September 2005
Doncaster Race Course

CR

[cockneyrebel] 04/9/2005 11:11

Actually that's a reference to a Charlse Stanley note. It says Charles Stanley have a short term target of £2.95 and a longer term target of £4.


That must be an upgrade then because Charles Stanley just had a target of £2.90p on their previous note, I just checked :-)

Results should be interesting.

CR

[garthg] 03/9/2005 18:48

tipped in daily mail 400p poss

[money4me] 02/9/2005 15:58

probably pull the head off it tonight

[cockneyrebel] 02/9/2005 10:54

Cheers Tole - a great acquisition in its own right but the market just hasn't grasped how big RFID is going to be - this will cause a stepchange in CHR imo.

CR

[tole] 02/9/2005 08:37

Write up in city-wire - click the link ;)



Summary -

Even with the recent share price hike, shares are still trading at only 13.3 times 2006 earnings forecasts, which does not look overstretched. Chelford has a good, solid core business, plenty of growth potential in its newer SAP consultancy and Agility could just bring in some exciting new opportunities.

The shares should continue to do well over the medium term

[tole] 01/9/2005 19:12

The Stock Market Report for Thursday September 1st from UK-AnaIyst.com

News of an earnings enhancing acquisition sent shares in business software provider Chelford Group 25p higher to 266.5p. The company said it had bought supply chain systems company Agility Systems Ltd for up to 3.8 million pounds. Last year, Agility posted pre-tax profits of 427,000 pounds on turnover of 2.55 million pounds and as of the end of 2004, had net cash of 550,000 pounds. Chelford said it would pay 1.8 million pounds cash up front, and issue 486,815 new shares valued at 1.2 million pounds. In an accompanying statement, Chelford's chief executive Trevor Lewis said the acquisition would be earnings neutral in 2005 and "significantly" earnings enhancing in 2006.

[cockneyrebel] 01/9/2005 14:32

yep, I bought more today too.

If the full year looks anything like 10% ahead after the interims then I reckon 28p is on the cards next year. A PE of 12.5 is too low says Charles Stanley.

A PE of 15 would be £4.20p and you'd be getting 40% growth for that - ruddy cheap at that price imo. And net cash too.

CR

[diogenesj] 01/9/2005 14:04

My modest 1200 at 259.35p seems to have done the trick, CC. MMs can't have much stock.

[cravencottage] 01/9/2005 13:53

Right on the button there DiogenesJ!

Looks like we have a new CHART BREAKOUT..

[diogenesj] 01/9/2005 13:44

I've been doubtful about this one, CR, but I'm beginning to see the light. There will have to be a big rise in forecasts. I think I'll top up.

[cockneyrebel] 01/9/2005 10:31

Exactly.

Pre-tax of £425 for the year gone - add in some organic growth and some synergies and you have to think the acquisition will add atr least £600K minimum to the pre-tax next year, on top of current forecasts of £1.9m - so at least 30% on top of the current forecast.

Then add in the 7% dilution for the new shares and it's easy to see this should add at least 25% to next year's earnings - possibly a lot more with the benefits of CHR being able to ply it to their current high quality client list.

If CHR just meet expectations this year then 25p eps is on the cards for the year ahead. PE is 10 maximum and growth 35%+ for the year ahead?

No-brainer is the term I'd use too!

CR

[cravencottage] 01/9/2005 08:57

This is the bit I like..."We expect Agility to be earnings neutral in 2005 and
significantly earnings enhancing in 2006."

Even if Agility repeat the same performance from last year then we can expect Chelford to deliver a minimum of 25p eps which puts them on 10 times forward earnings with bags of growth.

A no brainer if ever i've seen one IMO.

CC

[baughfell] 01/9/2005 08:49

We should get another boost too when the interim date is announced. should be any time now

[this_is_me] 01/9/2005 08:47

This shows that the management is good. A sensible aquisation and the managing director is happy to work for Chelford.

[silverfern] 01/9/2005 08:27

Looks like a very smart acqisition; note a great deal. BUt I also like the management from a cash/stock perspective: the purchase price is a deferred consideration and that the shares are locked in really until the earnings are enhanced (and cannot be traded anyway untl earnings are enhanced ie 12 months from now) preventing dilution for us existing holders