Colefax Share Discussion Threads

[salver2] 23/11/2024 21:06

He resigned in 2003 just looked it up

[salver2] 23/11/2024 21:04

I can’t see him anywhere on the simply wall st shareholders platform -I think he was a non exec but about 20 years ago!

[trombone_89] 23/11/2024 20:24

ah yes Key is at Colefax, my bad.

What source do you have for Sorrell? My refinitiv platform says he did as of july. He used to be on the board here? Maybe it is a stale disclosure?

[salver2] 23/11/2024 18:40

I should have said does not own .85 percent

[salver2] 23/11/2024 18:39

On another note Key Hall is a woman not a man and Sorrell does not own percent

[salver2] 23/11/2024 14:08

I suggest try Simply Wall St -more accurate than most

[salver2] 23/11/2024 13:54

Share registers are hopeless I don’t know why so inaccurate but I have 63,800 in my main holding co -about 58,000 in a brewin dolphin account and about 26,000 in my own account-which is a total of 148,000 approx -you must try harder!

[trombone_89] 23/11/2024 10:31

I am looking at the list and UK Registers doesn't have any Colefax owners at close to 2.5%? The largest holder under 3% but under 2% is a Mr Hall

It does have Sir Martin Sorrell at 0.85% of the company lol

[velocytongo] 23/11/2024 08:50

I think they’ve cleared out any loose holders over the years. They are difficult to buy. This is a well run company with good brands and an attractive valuation.

[salver2] 22/11/2024 21:47

Very good article on Colefax on The Mikro Kap by David Katunaric

[salver2] 24/10/2024 07:14

They fell well short on the buyback-unsurprising as wasn’t attractive enough for existing shareholders

[salver2] 22/10/2024 10:52

To me these buybacks are great for existing shareholders (as long as you don’t sell your shares -at end of year 2025 they should have about 22 million in bank less 5 million in buyback-so you are left with approximately a 44.8 million market cap Co with 17 million cash -so Colefax is valued at 28 million plus cash approx 6-7 times earnings post tax -extremely low I would say for such a business-I won’t be selling at this price

[hornets89] 22/10/2024 09:32

A 10% buyback here, only uses £5m so carrying significant cash on the balance sheet still. (cash was £17.8m as of April and they've had half a year of cashflow since then).

I hope they're actually earning a decent rate of interest now on this cash as it would be material to earnings.

I do wonder what their long term plans are.

Valuation remains very attractive unless earnings go off a cliff, which I don't expect.

[salver2] 26/9/2024 11:08

A reasonable AGM statement here -on about 8 times earnings plus cash -pretty cheap for a luxury business

[hornets89] 22/8/2024 09:58

900p paid this morning

[velocytongo] 21/8/2024 13:18

Thanks for the heads up. It’s v often to buy this share in reasonable volume so good to be able to add to an existing position.

[salver2] 21/8/2024 09:07

I notice since the results there has been a persistent seller of around 1000 share lumps which have been working the price down slightly but have been well absorbed- I’m expecting a tender offer or buyback in next few weeks

[hornets89] 31/7/2024 08:27

Yes nice robust results, and a promising outlook I think.

Another tender offer soon?

Still a bit mystified at how little interest income they receive on their cash holding, would make a difference.

[salver2] 31/7/2024 07:29

I thought an excellent result in the circumstances-relatively better than Sanderson Design and others in the sector-very tightly managed company

[davebowler] 29/6/2024 13:20

HTtps://www.ii.co.uk/analysis-commentary/stockwatch-why-i-think-these-two-shares-are-good-value-ii532127?utm_source=newsletter&utm_medium=

[hornets89] 03/6/2024 14:01

Ha small world Salver - I can't imagine there's many of us in the Venn diagram of "Watford Fans" and "Colefax Investors"!

[salver2] 31/5/2024 13:10

So am I lived in Northwood and went to school in Watford

[hornets89] 31/5/2024 10:52

Good spot - yes I am!

[salver2] 31/5/2024 10:28

Yes I agree as they are a very conservative company ( a good thing)- although a larger dividend might not go amiss - with your handle are you a Watford supporter?