Share Name Share Symbol Market Type Share ISIN Share Description
Epwin Grp LSE:EPWN London Ordinary Share GB00BNGY4Y86 ORD 0.05P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +1.32% 77.00p 75.50p 76.75p 77.00p 75.50p 76.00p 121,196 12:42:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 293.2 23.0 13.9 5.6 110.05

Epwin Grp Share Discussion Threads

Showing 576 to 599 of 600 messages
Chat Pages: 24  23  22  21  20  19  18  17  16  15  14  13  Older
DateSubjectAuthorDiscuss
13/9/2017
16:38
https://www.investegate.co.uk/article.aspx?id=199911250759164207B http://www.express.co.uk/finance/city/490131/135m-Aim-float-for-Building-firm-Epwin
dope007
13/9/2017
16:35
The same I believe.
dope007
13/9/2017
16:32
What were they called back then, Dope007?
speedsgh
13/9/2017
16:31
Last time this group floated, the owner bought it back
dope007
13/9/2017
15:51
I think this is going the same way as many other failures. They are not grasping the nettle.
elmfield
13/9/2017
13:39
According to londonstockexchange.com the EPS for year to end of 2016 was 13.85 p/share. We could have a massive drop in EPS, so it becomes twice today's interims which would make it 4.4 x 2 = 8.8 p/share, so even after this massive drop, we could buy today on a P/E of 8.
arf dysg
13/9/2017
11:59
Plenty of negatives in today's interims... HTTPS://www.investegate.co.uk/epwin-group-plc--epwn-/rns/half-year-report/201709130700035425Q/ "Our key RMI market remains subdued" "significant input cost inflation has been experienced which is a challenge to pass on immediately in a subdued and changing market" "expecting circa £2.5 million of exceptional cash restructuring costs in the current financial year" Ongoing uncertainty relating to two customers, each accounting for around 5% of the Group's revenue: 1. "Epwin is currently supplying product on a cash basis to [Entu in administration] and discussions on any future trading relationship are ongoing."..."£3.9 million exceptional bad debt provided in respect of Entu (UK) plc administration" 2. "the other [customer] has sold its plastic distribution business, which is principally supplied by Epwin, to a competitor of Epwin... The position in respect of the other customer has yet to be fully clarified." - seeing as the new owner of this customer is a competitor of Epwin, it would seem highly unlikely that the new owner will continue to source products from Epwin in the long term. "the Board expects the full year financial performance to 31 December 2017 to be slightly below current market expectations." "The Board also now expects the financial performance of the Group in the financial year to 31 December 2018 to be lower than the market expectation for the current financial year." The 9%+ historical yield may be tempting for some in the current “lower for even longer” interest rate environment. The market obviously believes that the dividend will not be sustained longer term. The current situation may in time turn out to have been an opportunity for the brave but there are enough negatives/uncertainty in today's results to keep me firmly on the sidelines until the business & its outlook has stbilised. Aimho.
speedsgh
13/9/2017
11:55
Danieldruff2 - But Entu is a customer of Epwin, not a competitor. Unless Kennedy sees opportunities for verticle expansion, so taking Epwin out of the supply chain, I cannot see a problem other than a possibility that he can use his inside knowledge to negotiate a better deal with Epwin.
egrid1
13/9/2017
11:30
Arf, Unless things have changed recently, Brian Kennedy holds 20m EPWN shares which is about 14% of the Company. So yes, he definitely has an interest in the success of Epwin !!
steviebaby
13/9/2017
11:21
Except that they have already warned on next year's earnings...
westcountryboy
13/9/2017
11:18
EPS is 4.4p for the half year... does that make 8.8p for the full year? If P/E=8, that puts the price per share at 70.4p. Ergo, if you buy right now (price=70p/share), you're buying at a P/E of 8.
arf dysg
13/9/2017
11:11
Thanks Daniel.
this_is_me
13/9/2017
11:08
danieldruff, surely Brian Kennedy is not going to use Entu as a way to harm Epwin's business? If BK helped set up Epwin in the first place, he's probably got an interest in the success of Epwin.
arf dysg
13/9/2017
08:31
Could have been worse but they are being more than a little coy in not mentioning that Brian Kennedy, a key force behind the flotations of Entu and Epwin, is the guy who just bought Entu out of administration hTtps://www.insidermedia.com/insider/northwest/brian-kennedys-latium-group-acquires-entu
danieldruff2
13/9/2017
07:08
In order to save face they increase the div by just 1 odd percent. In my view they would have been better to cut by say 15% Facing reality in the long term might serve the board and shareholders better in a period of uncertainty.
elmfield
07/9/2017
18:43
More of interest is how they cope with temporary production overcapacity. I only gave a cursory glance with what went wrong with Entu but looking through a few results RNS it seemed to go like this: 1) We're great 2) Govt changes rules on solar subsidy 3) We have overcapacity 4) We're having a strategic review 5) We're dead
danieldruff2
07/9/2017
18:23
The rns states that the business has been bought out of administration and the new owners intend to invest in the business so I don't think that epwin have lost that revenue although obviously they have probably lost the money owed to them.
rcturner2
07/9/2017
18:15
There are two issues as I see it as a layman. The company that has gone into administration and the other company now purchase by a competitor supplier. The company in administration is likely to be a loss of the £3.9m. Not nice, but a one off. There is also the possibility in the future of losing out on the 5% of turnover conducted with that business. At the moment they are trading on a cash basis. So I guess there will be a wind down of volume unless or until somebody buys up the business from the administrators. Worse case scenario is a permanent loss of the 5% of business in the short term. The other customer (distributor) is likely to continue to buy from Epwin in the short term, and whilst it may well switch all purchases to its new owner over time, I suspect this will take a while as the people they supply will need to be convinced of the merits of the new product. So I don't see this as being such an issue in the short term, and in the longer term would hope that Epwin can grow through organic and acquisitions to replace the loss fairly quickly. So a confident company would probably take the write down on its balance sheet, maintain the dividend, and look to continue to trade and grow to cover the loss of custom. Shares should recover to a fair value pretty quickly. But if there are major concerns for the market generally, then the company might want to protect the balance sheet and cut the dividend. The announcement next week should tell us where we are going.
egrid1
07/9/2017
14:41
Last year's total dividend was 6.6p; circa £9.4 million in total on an eps of 13.85p so I can't see that being a complete disaster. Bought some more.
this_is_me
06/9/2017
22:32
If this turns out to be a full £3.9 m write down does it really justify the price movement we have seen in recent times?
mattboxy
06/9/2017
14:24
Maybe I should have cut it a bit later. Then again who doesn't want to be a shareho!!
mattboxy
06/9/2017
12:08
"The group will update shareho" That's a new .. er .. preference. I didn't know there was such a thing as a share ho. It takes all sorts To make a world; It's just that our sort's best.
arf dysg
06/9/2017
10:51
Epwin Group has announced that the parent company of the group's customer, Entu (UK), appointed administrators on 31 August who sold the trade and assets to a new entity.Epwin said the new entity had indicated its intention to maintain continuity of trading and to invest in the business. Epwin said it was currently supplying product on a cash basis to this entity and discussions on any future trading relationship were ongoing.Epwin had previously announced that the customer accounted for around 5% of the group's revenue.An update said: "At the time the administrators were appointed to Entu a debtor balance, net of VAT, of c£3.9 million was outstanding from this customer. "The level of recoverability of this debtor is not able to be determined at this stage pending discussions with the administrators."Whilst it is obviously disappointing to report this, these amounts are well within the Group's financial capacity and are non-recurring. "As stated on 16 August 2017, the Group's financial position remains strong with net debt at the half year less than one times 2016 EBITDA and with significant funding headroom to continue to invest in the business. "The Group will update shareho
mattboxy
01/9/2017
11:00
8.9% dividend, dividend cover of 2.10 wil they maintain it. If they can and do, nice one for the bottom draw.
veryniceperson
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