FKI Plc Share Discussion Threads

[flashheart] 01/2/2008 10:45

Each to his own but I have preferred to take a profit on this spike and look for another battered bid candidate who has yet to receive an approach.

[stuart14] 01/2/2008 10:43

Brave man!

[dontyo] 01/2/2008 10:41

well above this price i'm hearing. Markets have battered stocks like this to stupid levels. Expect closer to 100p rather than 75p. Long 200000.

[lonrho] 01/2/2008 10:36

still think these are worth over a quid but i can see an offer at 40% over existing price looking attractive in these markets.

[stuart14] 01/2/2008 10:17

If so, that is under 50% of what the rumoured price was last summer. Still expect most would be happy to take it in this market

[davidlloyd] 01/2/2008 10:14

looks like market thinks its around the 70p mark......

[stuart14] 01/2/2008 10:00

Possible offer for CO. Well it is 60% cheaper now than it was last summer.

Nice buying yesterday Targatarga, inspired really!!

[targatarga] 30/1/2008 10:44

anyone buying yesterday bagged the 1.5p divi for free. well done me. regards

[john148] 29/1/2008 17:41

Think the share price has pretty much reached the bottom or at least close to.In the meantime, I'll happily collect the divi and wait for the price to pick up.

[crazy russian] 29/1/2008 17:29

better than two weeks ago

time to buy (for a capital gain) is after going xd

divi may be great if kept but still suffers a 10% discount

[apppp] 29/1/2008 17:25

Pickph - bad time to start!

[2rags] 29/1/2008 16:53

folks buying for the divi??
although price will probably go down by the same amount in any case.

[pickph] 29/1/2008 16:46

ionrho, hello, how do you do the maths to come to your conslusion. I'm new to the stock exchange.

[pickph] 29/1/2008 16:46

ionrho, hello, how do you do the maths to come to your conslusion. I'm new to the stock exchange.

[lonrho] 29/1/2008 15:33

just bought 50,000 at 49.25.Their two main businesses alone must be worth a billion,knock off debt and its still over twice the market cap.

[bird of dawning] 28/1/2008 15:32

NAV for 2008; 57.14p and 2009: 51.35p projected (Yahoo finance)......hope it stays like that?! The Hunslet loco in the photo, looks like its got a back up brake (wedged under the nearside front wheel!), there's a little bit of `margin of safety' in FKI there.

As FKI ex div date is Wednesday 30 Jan and the yield is now up to 9.3% with 1.82 cover; I guess that a timely top up into FKI is now starting to look like `money on the table'.
Regards bod

[pickph] 28/1/2008 10:35

NET ASSET VALUE 47.58?

[prokartace] 28/1/2008 07:26

Well markets going to be going down again at the opening so could be a chance to get some cheap this morning.

[john148] 27/1/2008 20:59

Maybe I've just got lucky on the couple of occasions I bought into this share but I still reckon its been oversold.Sorry,no photo's.

[bird of dawning] 26/1/2008 23:31

Perhaps `recovery' is just a relative term, as the numerous analysts coverng FKI, have made an average earnings forecast for 2009: 10.92p up from 2008: 9.88p (these figures have been taken from Yahoo Finance).

Just for the record.....here's some more FKI numbers:

Price/sales: 0.21, oper profit: 6.8%, net profit: 3.5%, ROCE: 9%, L.T.Gearing: 211%, net debt: £338m, NAV: £308m. FKI is priced at its book value and just above its working capital and has positive cashflow. As FKI has been on the acquisition trail recently, acquiring Hunslet Barclay for £2.1m in Nov 2007, this is reflected in the relatively (that word again) high gearing.

Their numerous acquisitions usually seem very relevant to existing global business so a long term value play seems to be the way forward.
Regards bod
www.moreinfo247.com/8821255/free
PS: The diesel loco pictured below is running on the Kemsley Light railway in Sittingbourne, Kent.

[mr.oz] 26/1/2008 16:25

I took a fair loss here, 60p >> 50p , put money elsewhere for profit.
What makes it a recovery play, am interested to know .... the chart shows no sign whatsoever of that.However, am always interested in undervalued,oversold stocks

[john148] 26/1/2008 11:17

I'm back in on this stock, but this time for the mid/long term. As you say, there is the dividend yield but also I also reckon the the prospect of bid for the company is back on.In any event,I also make this a good recovery play.

[bird of dawning] 22/1/2008 14:28

Just for the record....FKI ex div date is 30 January and due to the recent decline in the share price the dividend is now yielding 9.5% with 1.82 cover, payable in February 2008....every cloud has a silver lining!
Cheers bod

[prokartace] 22/1/2008 14:13

Intriguing behaviour. Amazing resiliance over the last few days. I suppose, however, share is worth 1/3 of what it was a few months ago