Flutter Entertainment Share Discussion Threads

[edcrane] 17/6/2010 07:51

and from the Guardian with some new profit estimates

Panmure Gordon has moved from hold to buy and raised its target price from 233p to 265p. Analyst Paul Jones said:

Unexpectedly strong growth in a number of areas for Filtrona, with a combination of restocking through the supply chain and strong performance in a number of different areas. Given the attention to cost base and an improvement in mix of products, the drop-through to the bottom line is also slightly better than expected.

A number of markets appear to have seen a return of demand, and prospects appear much better than before - albeit with little visibility and certainty. However, strength of this growth suggests a much better year for Filtrona and given cost reductions and efficiency improvements an increasingly improving bottom line.

Our full year [forecast of] £55m rises to £60.6m, with next year £60.7m rising to £68.8m.

[cockneyrebel] 17/6/2010 07:43

It was undoubtedly a good day for investors in Filtrona yesterday as the group surprised the City by saying it was doing better than expected. The dividend yield alone justifies a buy recommendation and yesterday's share price jump shows that Filtrona is now on the market's radar. The case for buying shares in Filtrona is compelling and investors should fill their boots. Buy, says the Independent.

[cockneyrebel] 16/6/2010 11:20

0757 GMT [Dow Jones] Panmure Gordon upgrades Filtrona (FLTR.LN) to buy from hold, and boosts its target price to 265p from 233p. Says the company issues a very positive update, with growth much better than expected and margin improvements dropping through. Adds a number of markets appear to have seen a return of demand, and prospects appear much better than before - albeit with little visibility and certainty. "However, strength of this growth suggests a much better year for Filtrona and given cost reductions and efficiency improvements an increasingly improving bottom line," it adds. Shares +17% at 229p.

CR

[cockneyrebel] 16/6/2010 08:29

if 'materially ahead' they must do 20-22p imo. That should mean 22-24p eps forecasts for next year imo.

A sigle digit PE for a FTSE250 stock with this sort of growth?

Probably looking at a 10p divi next year or perhaps this year if they are that well ahead.

Looks very cheap still imo.

CR

[cockneyrebel] 16/6/2010 08:17

even after that statement they are well off the recent high.

Must make a new high if they are 'materially ahead' surely.

CR

[deadly] 23/2/2010 20:59

results Thursday.

From the trading update:
"During the period since the interim management statement of 23 October 2009, the Company has traded in line with the Board's expectations.

On a Group basis, provisional 2009 revenue was up 2.8% versus the prior year and down 5.8% at constant exchange rates"

[deadly] 23/2/2010 20:51

Can't understand why anyone posts on the other thread when there's no charts on it.

[d0ubtf1re] 09/2/2010 16:52

Yes this one is on my Feb shortlist, nice 4% rise today has caught my eye. Prelims on 25th, late cyclical recovery play. Broker forecasts call for around £45m pre tax which would deliver a unchallenging PE ratio of 7.7 c/f to sector average of 14. Only question is what happens to group net debt, it has been rising over the last few years ideally i would like to have seen some effort at reducing this.

[dafrog] 17/1/2010 20:13

wright ups! What a nerd you are.

[deadly] 11/1/2010 15:11

Bouncing back nicely. Was kind of the market to present such a good buying opportunity

[royeggy] 06/1/2010 09:39

Can't find anything on the big drop yesterday. No idea at all, but have just bought 2ks worth hoping for a bounce back.

[inki] 05/1/2010 17:48

Any news - down 11% - or is it just reserved for insiders.

[salpara111] 02/9/2009 16:28

Well, just offloaded for 170p, despite the loss I reckon that any gains from here on in are going to be difficult to achieve.
Good luck to all those still holding.

[salpara111] 29/8/2009 13:48

Set a sell order for 175, not sure if we will even get there as I think that the market as a whole is due a pull back soon and that will make it very difficult for even FLTR with its decent results to move forward.

[dr darkstar] 27/8/2009 17:12

resistance around 190 might be where to consider that

[salpara111] 27/8/2009 12:12

Hmm, not sure what to do here.
I have been in these since 220p so still on a pretty decent loss, having said that the temptation to sell after the strong recent runup is strong.
All things considered the results were good given the environment they operate in but I just dont know if that will be enough to spur them on to higher ground.

[dr darkstar] 27/8/2009 07:32

strong results announcement

[dr darkstar] 25/8/2009 11:23

flying again...

[dr darkstar] 21/8/2009 17:02

looks like a breakout from the past 8 months trading range

[alex_raga] 06/7/2009 18:59

anyone been looking at this stock
some good wright ups in papers.

[matthewa] 30/4/2007 10:33

+ve AGM today looks good.

[conan the trader] 22/4/2007 00:09

Welcome Garfield, 4 directors bought shares a month or so back, which is also a good sign

[garfield31] 21/4/2007 18:02

Have just bought in after the purchase of the new business. Seem to be focused on niche areas with good prospects and on the lok for good value add-ons.

[salpara111] 07/9/2006 20:28

Just taken my first decent chunk this morning at 254.
Personally I feel that this is a bit oversold, I'm not expecting a return to 350 any time soon but dont feel that 300 is unreasonable in the next 6-9 months.