Essenden Share Discussion Threads

[battlebus2] 18/2/2014 17:51

Add another tick up today :))

[battlebus2] 04/2/2014 18:08

Good to see these creeping back up over the last few days.

[dell1234] 23/1/2014 09:33

Full page on Essenden in today's copy of 'Shares' - hxxp://www.sharesmagazine.co.uk/articles/essendens-knock-out-revival (change the xx to tt)

[battlebus2] 22/1/2014 20:56

Sadly my highest gain was only 6% today Gargoyle.
Thanks janeann. 70p would seem sensible but after a great run we may need to fall a tad first.

[gargoyle2] 22/1/2014 11:57

Where's my 11% today, battlebus?! :)

[glennborthwick] 22/1/2014 10:46

Ok I'm in at 44 and out at low 60s in a week. Trying to do a turn a grand into ten grand with lots of 20 per cent rises. I'm into Rtc next. Check it out. Should make 5p a share come march results. Average or for sector is above 8. So 40 p target Current price 23p.

[janeann] 21/1/2014 18:31

Good call here bb2; I made a big mistake not getting on board back in the early 40's.
Do you have a price target in mind, prior to any transformational aquisdition?

[battlebus2] 21/1/2014 12:25

Steady as she goes up another 11% :))

[davidosh] 21/1/2014 11:25

Nigel...noted.
bb2....they are not involved in bathrooms yet. Their kitchens are very good...why not come along...at least 40 investors coming and there will be nice hospitality and chance to kick the tyres or plinths lol

[battlebus2] 21/1/2014 11:14

Would love a new JLH kitchen and bathroom but wouldn't mention that in front of mrs Battle.

[nfs] 21/1/2014 11:08

David
I will. One along,thanks
I live in Fulham so very handy

Nigel seddon

[davidosh] 21/1/2014 11:03

Would any of you like to come to a small company presentation next Monday at 4pm with John Lewis of Hungerford (new handmade kitchens and bedrooms)at their newly refurbished Fulham showroom ? There will be a large number of investors and current shareholders and no doubt shareholder discounts will be very worthwhile if any of you are looking to improve your homes.

I think JLH will do very well as the economy improves and must declare a notifiable interest but it would be good to see a few of you there if you can make it ? David

[battlebus2] 21/1/2014 09:25

Sixty pence approaching fast :))

[battlebus2] 20/1/2014 21:47

Can't say i've seen trading so good since the dot com bubble. I heard some say today was blue Monday well it was in more ways than one. Enjoy it while we can!

Nice write up drmessguide. GLA.

[chrisis33] 20/1/2014 21:25

A few of my shares are moving northward day on day at the moment. Smallcap UK shares in the spotlight?

[drsmessguide] 20/1/2014 21:00

Posted on the fool

Essenden


Market cap 10.5m @ 49p

Owns 30+ bowling alleys t/a Tenpin

T/O in dec 2008 was 62.8m and EBITDA 6.6m

Complex structure as when was spun off 21m loan notes were issued to be repaid in 2020.

Current management own a significant number of the loan notes and are incentivised to pay them off early.

A number of sites were sold off as loss making and onerous leases are being disposed of gradually.

By half year 2013, described as a tough economic climate for the business EBITDA was 2.9m and EPS 4.7p, cash was £1.4m.

Trading was up 8.4% in the 15 weeks to Christmas and EBITDA 'increased' suggesting the end of year figures may be 10p plus and EBITDA around £6m, for a £10m company, remarkable.

Directors receive £2.5m bonus for paying off notes by jan 2013 with 25k less per month after that so the bonus currently would be £2.2m and falling but with the likely cash flow associated with current trading and future improved trading as the economy improves may pay these off in the next 3 years or so. Leaving a company currently valued at £10.5m throwing off perhaps £4m in cash/year. This is still under recognised but went up 30% following the trading statement.

Difficult to buy in quantity so would need to get small chunks

[battlebus2] 20/1/2014 18:26

5/10% daily rises are the norm now aren't they? :))

[gargoyle2] 20/1/2014 18:20

A steady day? Up 11% or so? I wish my whole portfoilio was this steady, battlebus :)

[battlebus2] 20/1/2014 18:15

Another great day for Essenden, didn't make the top risers glenborthwick but steady days like today are much much better imv.

[glennborthwick] 20/1/2014 09:22

be nice if we made top three risers

[glennborthwick] 20/1/2014 09:01

there she blows

[drsmessguide] 20/1/2014 08:34

topped up this morning surprisingly easily albeit a tiny topup

[battlebus2] 20/1/2014 08:27

Moving strongly now :))

[glennborthwick] 19/1/2014 18:51

lets see what this week brings

[drsmessguide] 18/1/2014 07:18

Great little turnaround. I'm not sure what David and bb estimate but I make EBITDA of 5.5-6m for the full year based on half year EBITDA per site with a slight uplift following the trading statement. No interest payments this year. Eps should come in at 9-10 p putting it on a p/e of 5. Online booking which is increasing steadily further increases margins, like for like sales have reversed their decline and people are beginning to get money back in their pockets. This little company valued at £10m will be throwing off £3m in cash and rising every year. I like the sound of the management and would trust their 'transformational' judgement. Hard to buy any shares though.