Epwin Share Discussion Threads

[speedsgh] 18/8/2016 14:21

New Edison research note...

Clear drivers for progress -

Coming either side of the Brexit result, H116 pre-close comments were less clear about FY16 prospects than those made at the AGM. Focus on operational improvements and the integration of 2015 acquisitions is continuing and progress will be the key determinant of the full-year outcome. Our estimates are unchanged and we continue to expect a good step forward in FY16 earnings...

[lord gnome] 18/8/2016 08:59

Morning all,
Back into these today. Balance of risk reward looks positive and I like the yield, which, looks safe.

[muangsing] 16/8/2016 14:31

Speedsgh

Thanks

When I said "32 sell" that was per Advfn and were all LSE trades.
I don't know if one can trade it on ISDX.

Seem to be some buys coming through now

Regards

[alter ego] 16/8/2016 13:40

I wonder how much effect awareness of inflation may have had. EPWN must be subject higher raw material costs as a result of the weakness of the £ against the $. I hold but am nervous about the ability to pass on increased costs.

[speedsgh] 16/8/2016 13:28

muang - "I rate Epwin's shares a short-term trading buy on a bid-offer spread of 107p to 109.5p. My initial target price is 140p. Buy."

[muangsing] 16/8/2016 13:09

speedsgh

Are you it was a buy recommendation?

Since 12-30 pm there have been 32 sell trades and no buys! and virtually
all "O" trades.

Surprisingly the share price currently seems to be holding up.

[speedsgh] 16/8/2016 12:30

Simon Thompson (Investors Chronicle) has published an update on EPWN today with a BUY recommendation...

Moulded for trading gains - [subscription required]

[18bt] 12/8/2016 08:00

Steady as she goes trading announcement - should help the recovery

[mfhmfh] 19/7/2016 12:00

good trading update from SFE today. Hopefully a good reflection on us as well.

[thorpematt] 06/7/2016 23:49

This fall is fairly consistent with the sector. The sentiment in commercial property is dreadful, homebuilders also typicaly losing 30 to 40% of pre-brexit prices.

Both those sub-sectors have insinuations for EPWN and the market is panicking rather than rationalising IMO. Most companies are stating in trading statements that the affect of Brexit is too early to judge. But the market bets on certainty because investors (PIs and IIs alike)tend to exit long positions on uncertainty.

One could argue of course that the finance markets have more insight and ability to foresee than compny directors and that they have an obligation to "commit" whereas directors have a obligation for projecting caution.

If you want my view, I think there is some herd mentality mixed in with fear driving these moves.

In housing i think prices are driven by interest rates. These aren't goimg high soon. Commercial property is different of corse but unless you think "major recession" then i think EPWN is pretty robust both in balance sheet and earnings visibilty.

Much depends as ever on your investment timescale but I think EPWN is a solid expanding business not quite affected in a such a cyclical manner as housebuilders (frankly they're virtually a commodity play) and any opportunity to buy good companies at discount should be welcome provided you have both the balls and the patience.

The chart here is dreadful. There is an upside-down bowl which is just about complete however. So I'd expect a little bounce as the fall meets the resistance of potential support levels of the previous lows last spring. (FWIW)

[muji1983] 06/7/2016 16:24

Me too, still holding bought from 137p.Same for SFE, all tanking.Dora anyone know, is it all affect by builders?

[elmfield] 06/7/2016 16:16

Yes and not liking it,
Decided to ride it out but takes nerves or foolhardyness?

[alter ego] 06/7/2016 13:34

yes, markets often overeact.

[imranawan] 06/7/2016 13:00

Anyone still holding? Dropped like a stone.

[sphere25] 26/5/2016 10:32

Next leg up?

Queuing up on the order book to buy.

[sphere25] 24/5/2016 08:15

Trading fine with a p/e under 9 with a 5.5 dividend yield here. Looks well oversold so I'm accumulating down here.

Just the spread that is abit of a pain. Looking for a ride back up to 140.

[mfhmfh] 24/5/2016 07:19

AGM statement today sounds positive

[thorpematt] 22/5/2016 15:36

That article is probably right on both headlines!

It forgets to mention that PMO need to farm out some of its bigger assets to enable a reduction in gearing (the main reason the last CEO left and the FD in now in charge...but that's another story).

[mfhmfh] 20/5/2016 17:33

Thanks Glaws2.

So we'll have the dividend paid on the 6th June and half year results in mid-September like last year.

I agree that the acquisitions are both strong, profitable businesses. Just need to be patient for these to feed into the company results.

[imranawan] 20/5/2016 13:42

Thanks Glaws2 for the information.

[glaws2] 20/5/2016 13:37

I have enquired - there is no trading update at the AGM

[speedsgh] 20/5/2016 12:46

Going by previous form, probably not.

[mfhmfh] 20/5/2016 12:45

AGM on 24th May, not sure if we'll get an update/statement