thanks for that lanzorote very informative,you have confirmed that this company is definately going places,still well worth buying in my view. |
The Business had a positive write up last Sunday, pointing out new contract wins with Manchester council (first phase £2m), interim dividend up 20%, turnover 7% ahead and net cash £8.2m. House broker KBC Peel Hunt forecasts a rise in full year profits from £2.7m to £3.6m. Prospective pe 16. If Comino can achieve £4.2m for following year that falls to 13.
The article states "would be an attractive acquisition for a software company with back office systems which wanted software for delivery ... Comino looks set to prosper over the coming years"
RNS on Friday shows that Liontrust increased its stake to 10.25% |
seems to be breaking out i expect this to start motoring soon ,any other views? |
Well I'm out. Got in at 220p in Feb. Got out at 277p today. With the divi payout earlier this year that makes a 25%-plus return in 9 months.
I reckon there could be a bit more upside, but I felt the rise today was a good a time as any to take profits. |
two massive 80,000 buys today. |
Comino returns solid H1 figures, confident in outlook
LONDON (AFX) - Comino Group PLC, a provider of service delivery solutions
for local government, social housing and occupational pensions, returned solid
first half figures, on the back of contract wins in Manchester and Liverpool.
The strong performance is expected to continue as the group said its current
order books are healthy, with "significant opportunities for further growth."
Pretax profit in the six months to Sept 30 came in at 1.4 mln stg, up from
849,000 while the turnover was 13.1 mln stg, up from 12.2. The interim dividend
is three pence compared to 2.5 pence a year earlier while the earning per share
is 6.8 pence. |
Yeah, but not much movement. Probably because the cash flow doesn't appear to back up the profits. |
Interims out today -look good. |
Opened up today, once the price starts moving people will buy on the breakout. |
Looking at the 4 Year chart, if this breaks through 270p could see £3 quite quickly. |
Extracted from today's Guardian Online
'Comino bid talk
There was a sharp rise in shares of IT services company Comino Group yesterday as traders scented a fresh bid for the business.
Shares in the company, which provides IT solutions for local government, social housing and occupational pensions administration, rose 12.5p to 262.5p.
Traders said the share price rise was due to comments made by the management of rival Anite Group, up 0.25p at 64.75p, during a series of recent post-results meetings.
Anite, which is about six times larger than Comino, works across the IT services sector but has a significant unit dealing with the public sector.
Anite's management have apparently been talking to investors and analysts about making deals to bolster the business, leading traders to speculate about a bid for Comino.
Comino is no stranger to predators. Last November the company said that talks with a potential bidder had ended after two months of talking.' |
Thanks to cinbom who replied to this breakout on the FAR4 thread.
'cimbom - 15 Jul'05 - 09:04 - 8983 of 8986
madaboutshares:
This could be the reason for the rise.If true CMO could get very interesting.
Guardian
COMINO (traders scent a fresh bid for the business)' |
Opened up today 12.5p :-) |
Are Techinvest still recommending Comino, anyone ? |
Looking like a breakout! |
From May's 'Company Refs':-
a/ Prospective PE ratio of 13.0 (based on one broker forecast, recommending 'Buy').
b/ Forecast growth in eps of 45.0%.
c/ Prospective dividend yield of 3.86%.
d/ Price to sales ratio of 1.28.
e/ Price to research expenditure ratio of 10.6.
f/ Net cash per share of 77.3p.
g/ Cash flow of 27.4p per share. |
Last post was article from the Daily Mail. |
'Software group Comino advanced 13p to 227p following good results and a bullish accompanying statementabout prospects. KBC Peel Hunt's target price is 280p. It says Comino continues to trade at an unwarranted significant discount to its nearest peer group.' |
LONDON (AFX) - Comino Group PLC reported a rise in pretax profit before an
exceptional item and goodwill to 2.71 mln stg in the full-year from 2.21 mln
previously and is raising the total dividend by 14 pct to 7.5 pence a share.
The provider of software services for local government, social housing and
occupational pensions administration said the year-end order book was strong and
that it expects to make further progress in the current year.
Sales in the year to March 31 2005 rose 4 pct from a year earlier to 25.5
mln stg. |
The steady and reliable growth prospects, low PE ratio, cash in the bank and takeover possibilities make these a buy not a hold or sell, worrier. |
Results seem okay and a nice uplift on the Divi
any thoughts from those who analyse Comino in depth ?
not sure if I should hold or sell now |
No mention in techinvest... but looking back it was mentioned in shares mag in nov in a article on goverment it spending. Given a strong buy then @ 211p.. Dicom & idox had buy ratings |
Results not far off might be the reason. |
A Techinvest mention again has stirred interest?
This was a nap tip I believe. Not sure |
Anyone know why this has started to jump up over the last couple of days?
Think there must be some story going around. |
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