From February's 'Company Refs':-
a/ Prospective PE ratio of 13.9 (based on two broker forecasts, one recommending 'Strong buy', and one making no recommendation).
b/ Forecast growth in eps of 30.1%.
c/ Prospective dividend yield of 4.16%.
d/ Price to sales ratio of 1.27.
e/ Price to research expenditure ratio of 10.5.
f/ Net cash per share of 77.3p.
g/ Cash flow of 27.4p per share.
Always possibility of takeover aswell. |
I noticed Pippin! May be another bid is on the way though the company's fundamentals alone should move the price north!! ;-) |
No-one else noticing? |
A bit of life in this stock today! |
 Profit up 42% with a profit margin of 80%. This company is going to do well for shareholders by remaining independent.
LONDON (AFX) - Comino Group PLC, a provider of service delivery solutions
for Local Government, Social Housing and Occupational Pensions, said discussions
it had been carrying out after receiving a possible bid approach in September
have now been terminated.
The company also revealed its first half results today which showed an
increase in underlying profits and a rise in the interim dividend to 2.5 pence
from 2.2 pence a year earlier.
In his chairman's report, David Quysner said the outlook is encouraging. He
said Local Government market continues to provide opportunities for growth and
Social Housing is benefiting from a new approach that emphasises the service
delivery aspects of the product.
"Comino remains well placed to take advantage of these major opportunities."
The profit before tax, goodwill and exceptionals in the first half was up 42
pct to 1.14 mln stg from 804,000 stg on turnover up 8 pct to 12.2 mln stg from
11.3 mln.
Pretax profit after goodwill and exceptional items was 560,000 stg, down
from 603,000 stg.
The exceptional item of 407,000 stg represented the net cost to the company
of litigation which is now fully resolved.
Gross profit margin maintained at 80 pct. |
Of course they are even more of a sitting duck now. Cash balances rising, prospects strong...... |
these results are great if it wasnt for the faild takover they would be marked up |
these results are great if it wasnt for the faild takover they would be marked up |
I have sold my small holding for a little profit as these sell drip trades may force it down to 200p when I would buy again. |
any day now? |
Must be some announcement at or before results.
"Comino Group plc, the provider of software based business solutions for local
government, social housing and occupational pensions administration, will
announce its Interim Results for the six months ended 30 September 2004 on
Tuesday 9 November 2004." |
come on where is the bid news? |
Happy enough to be back in - the cheap stock seems to have gone. Just sit and wait now, I think. Even if the bid does not materialise, the shares are pretty cheap and should do OK in the medium term even if they fall to 170 or 180 pdq. And if the bid does pop up, well, I'll be looking at a quick turn. |
Copied from previous thread May this year
Independent Comment
Comino 'a sitting duck' as software groups attract takeover attention
Small Companies Notebook
By Stephen Foley
04 May 2004
Comino is a "sitting duck for a takeover", our City sources tell us. The takeover of London Bridge Software by the US group Fair Isaac reminded people that Comino - whose software systems are used by housing authorities to make dealings with their tenants more efficient - attracted transatlantic interest last year from Constellation, one of the big players in social housing software in the US.
Constellation eventually sold out their stake and Comino's shares have gone nowhere in the interim, despite an improving profit performance. Results are due later this month.
Speculation as to who might take a pop at the business is centring on Civica, which floated in London in February and which is hunting for acquisitions. Civica is a big supplier of software to local authorities, helping to issue parking tickets, monitor bus lanes and collect taxes. What it doesn't have is a big presence in social housing ... which is where Comino would fit in.
With Constellation still keeping an eye on developments and other acquisitive domestic companies also likely to be hovering around, Comino is one to watch. |
If there is a bid it may come from civica or across the pond |
well it appears the selling has stopped, just need some buying now |
So was the 6425 at 208! |
Thanks crossgate - I'm watching for the same reason. Not sure what the right price is yet. |
Well, the share price is saying something.... |
Is the takeover going to happen?Who are they talking to? any opions? |
Wow, wall to wall selling and still it rises. I joined the club today - it's getting too close to where I think the bid will be pitched and something could always go wrong...
Best of luck with the ride, spooky. I agree completely about your volume argument. But do remember that there are arbs out there, especially US ones, who pile in to many stocks on the announcement of a bid approach |
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