Foseco Share Discussion Threads

[johnrxx99] 12/7/2005 11:59

I wish my wife did!!

Whoops sorry, couldn't help myself, must be too much sun.

[recruiter] 12/7/2005 11:49

could be on virt-x. Nothing new there, quite a few stocks are like that.

It may be just a feeling, but this feels like it wants to blow !

[johnrxx99] 06/7/2005 11:52

I liked that as well. Should be good for the next few weeks imo.

[recruiter] 06/7/2005 11:49

johnrxx99 - None at all, just flying by the seat of my pants, I like todays news about results in sept & that they are on course to match estimates

[johnrxx99] 06/7/2005 11:47

Recruiter - with no published estimates I can find my position is based on growth in India and China. Pretty unscientific I'm embarrased to say, I just like the story.

Do you know of any estimates?

[recruiter] 06/7/2005 11:43

just topped up, not a lot just another 2,600.

[recruiter] 06/7/2005 11:33

what are peoples realistic 12 month targets ?

[johnrxx99] 05/7/2005 14:22

Very active today. Starting to move forward but imo still cheap.

[johnrxx99] 10/6/2005 16:06

Spooky, thanks for the excellent summary. I only got in the other day and still learning/researching.

[recruiter] 10/6/2005 15:29

spooky et al....
thanks.

I;ll think I will buy some.

[spooky] 10/6/2005 15:10

Future growth will come from emerging markets specifically China,Turkey,Poland,Czech Rep. and Russia.These markets have a very low utilisation of sophisticated filters and feeding aids and this restricts the quality of the finished product.If they wish to attain the efficiency and quality required to produce higher specification products they will have to buy the companies products.Foseco already has early stage but profitable operations in these markets but growth will provide a substantial market for the company in the future.

Recruiter - These are technical products,margins are 10% ish,profit growth is expected to be 10% in 06 and 20% in 07,this is not a low PE business.Comparable companies trade with PE's between 12 and 14.

IF they make the forecasts they are much too cheap.

[recruiter] 10/6/2005 14:54

I know what you are saying johnrxx99, but another question springs to mind is what sector are these in, support services, construction (much lower pe's) or other ?

not being negative here by the way, just need to sort out all pros & cons.

[johnrxx99] 10/6/2005 14:39

By being a well run company and selling must have products. The rest is down to economic growth - so what's new. It aint going to double over night but with 4% yield you wont loose much sleep. Nice to stick away and keep the day job.

[recruiter] 10/6/2005 14:34

thanks spooky, just been on the website to have a look.
Long established solid company BUT the growth rate is steady but not brilliant, seems steel manufacturing & requirements (especially in & for China) is at a high..but can this continue, if not then business may be hard....

where can future growth come from ?

[spooky] 10/6/2005 14:30

It is a world leader in the supply of consumable products for use in the foundry and steel making industries.

[recruiter] 10/6/2005 14:26

what does this company do ?

tia..

[johnrxx99] 10/6/2005 14:16

Either some mighty big buys or sells going through. Is this post float unloading or institutions stocking up?

[johnrxx99] 09/6/2005 12:03

Bought a few first thing. Looks exciting.

[spooky] 09/6/2005 10:20

I've been through the prospectus and i have spoken to a couple of people who know the business well,if the company achieves the forecast numbers they are at least 50% too cheap. A few telephone calls have confirmed that few people in the market are aware of the company,this is unusual for such a substantial business.

[broadwood] 09/6/2005 10:12

Bought a few this a.m.

[wirralowl] 09/6/2005 09:34

Hi spooky. Yes, there were forecasts - 2007 PE of under 7 on profits of £42m, progressive dividend yield expected to start at around 4%. Current PE on about 9. World-leader, high barriers to entry and 40% gross margins. Chinese operations expected to become bigger than UK this year. Big growth opportunites in China, India and Russia and Brazil. Believes it should have a rating similar to another world leader with similar operations, Spirax Sarco, which is currently on a PE of about 15. I've bought a few.

[spooky] 09/6/2005 09:22

WirralOwl - It's definitely an interesting business with good management,any chance of a summary of what it says.Do they give earnings forecasts ?

[wirralowl] 09/6/2005 09:13

Tipped in shares mag this morning I see. Looks pretty interesting.

[tallyho] 04/6/2005 08:40

Try their web site for info. I bought some yesterday and in profit already.

www.foseco.com