Ensor Share Discussion Threads

[fozzie] 17/10/2014 14:18

Approx 65000 shares traded and its down 16% - laughable!

[rp19] 17/10/2014 13:13

Strange drop, although held up pretty well during the past few turbulent weeks. Hopefully not a leak of bad news.

I felt that the outlook was pretty good in the most recent results. Benefits expected to come through with Technocover. They have recently been working with Scottish Water

Ellard seem to be making progress too. Bigger premises, new distribution agreement and enlarged product range.

[pugugly] 17/10/2014 10:18

General market slowdown plus downturn in construction plus lack of clarity going forward due to 10.5% reduction in 2014 eps -v- 2013.

If now ex growth forward p/e too high - needs to be closer to 10.

Came here today as alert triggered based on a davdosh note however decided to take no action

[shanklin] 17/10/2014 09:57

I am sure there would have been an RNS if the company felt remotely uncomfortable with the outlook presented in the Final Results.

[kneecaps2] 17/10/2014 09:50

What have i missed today?

[battlebus2] 08/7/2014 12:15

Well done C. M. Positive to see directors buys :))

[cheshire man] 08/7/2014 11:35

A nice turnaround here and a top up for me on that dip :-)

[davidosh] 01/7/2014 00:12

This should be good news for Technocover...


"Around £440 million worth of work will be brought forward into 2014-15 to help lessen the boom and bust impact of cyclical investment in the UK water industry.'

[shanklin] 18/6/2014 13:14

fozzie

There was no new news of a material nature. Indeed:
- when it was suggested that the CE should kick off by giving us a summary of the current situation, he offered to read out the text from the FY results... ...which I found amusing and thought was fair comment :-)
- there is more news at a detailed level in the link provided in post 338 than came up yesterday.

What shone through yesterday is the professional approach ESR take to keeping and winning business by anticipating and meeting customer needs and to investing in making the business stronger going forward. AIUI, with the lull at Technocover now over, and the rest of the business also picking up, the company is anticipating a stronger current year, with sensible investment being undertaken to achieve both short-term and long-term growth in revenue and profitability.

I am very comfortable with my investment here.

HTH. Cheers, Martin

[fozzie] 18/6/2014 08:56

Any news from the conference call yesterday morning?

[fozzie] 18/6/2014 08:14

Building materials group Ensor Holdings has hailed a confident start to the year, despite a drop in revenues and profit.

The firm, based in Wythenshawe, announced sales of £30.6m, in the year to the end of March, compared with £31m in the same period last year, while pre-tax profit dropped from £1.9m to £1.5m.

Ensor said the drop in revenue was down to a slow pick-up in orders at its Technocover business, which supplies a number of industries with security doors, manhole covers and cabinets.

Revenues were also hit because capital expenditure by water utility companies has been slow.

Chairman Ken Harrison said: "I reported at the half year that our results had been influenced by a slow start to capital expenditure by the UK Water Utilities.

"This is a significant market for one of our subsidiaries, Technocover. I anticipated that the benefits of a strong order book at Technocover would come through progressively in the second half, but principally in the results for next year. This has been the case and a confident start to the new financial year is beginning to bear this out.

"Our other subsidiaries have made satisfactory progress during the year, increasing sales and profitability across the group.

"We are cautiously predicting a more active market this year and feel well placed to take advantage of the additional opportunities this will bring.

"The construction industry, in which our subsidiaries Ellard, Ensor Building Products, OSA and Technocover operate, is showing encouraging signs of growth.

"The retail sector, supplied by Woods Packaging, is also buoyant and we are encouraged by our forecasts."

During Ensor disposed two of its businesses, CMS Tools and SRC.

The group is proposing to pay a net final dividend of 1p per share, up from 0.8p last year, reflecting an increase of 25 per cent on last year's final dividend.

From Manchester Evening News

[shanklin] 18/6/2014 07:36

Well we have seen it now :-)

[davidosh] 18/6/2014 01:46

How did we miss this piece of news on Technocover ?...

hxxp://www.walesonline.co.uk/business/business-news/fresh-investment-spells-growth-security-6443556

[woodcutter] 15/6/2014 16:26

b2 there's always a blue finish to my crystal ball:-)))

[wilmdav] 13/6/2014 17:51

Here is my usual chart based picture of the results in a historical context.
Click on the Excel sheet tabs at the bottom to bring up the charts.
It is the cash flow and following charts that tell the story of prudence and sound management.

hxxp://www.david-wilmshurst.co.uk/esr/esr_data.htm

[battlebus2] 13/6/2014 12:36

Well done Woodcutter, is there a blue finish in your crystal ball?

[davidosh] 13/6/2014 09:51

I am setting up a conference call with the two main directors for Tuesday late morning and can possibly take three of you from here if you email me and give me your full name and questions you would like to raise ? There will be lots of questions and I am trying to do it this way as my Conf Call software does not allow me to select you one by one so I will host the call and introduce you before you ask each Q.

You can email me via the mellomeeting.co.uk site

For the record I was very happy with the results and the increase in dividend and management outlook shows confidence. I would prefer clearer sections within the RNS to include an Outlook statement as majority of companies do but if Technocover delivers as expected this year and with all the other divisions firing well I imagine it will all become very clear.

[cockerhoop] 13/6/2014 08:41

Martin,

Cheers, I thought I may have missed something :-)

[woodcutter] 13/6/2014 08:38

seems my crystal ball was reasonable accurate b2:-)

Very happy to continue holding having built a decent stake now.

This is an extremely well run business with very capable management and no bullsh*it, they tell it like it is and on that basis can be trusted unlike a few other stocks i could mention.

It may look a little expensive on these results but going forward it will deliver imv.

One of my local investing colleagues who has a private business in the contruction supply sector knows the business people well, has a significant investment and is very confident for the future. I think DS is too!

It is inevitable that there would be some selling today after the recent spike, short term profit taking. A dividend hike of 25% tells you everything you need to know aimho.

Woody

[cockerhoop] 13/6/2014 08:22

Martin,

Where did ESR state what their FY numbers would be? I've seen very little in the way of forward looking statements.

[lanzarote666] 13/6/2014 08:21

'There is good visibility of orders for the coming year, which will be bolstered by the delays experienced throughout the current year'

Progressive dividend and strong cash flow.

Happy to hold.

8-)

[shanklin] 13/6/2014 08:14

bb2

I think the FY numbers were exactly as ESR stated they would be. Presumably they are being inundated with orders at Technocover and don't want them all to arrive at once?

All IMHO, DYOR.

Cheers, Martin

[battlebus2] 13/6/2014 08:11

Results as expected with technocover sales beginning to improve though they do mention that timing word again. A hike in the dividend shows a bit of confidence at a time when the numbers don't look that great unless you read in the prospects going forward. I suspect a few will take profits after the rise over the last few days.