Foseco Share Discussion Threads

[johnrxx99] 26/8/2005 08:47

I can see the sense in taking profits after such a good run but on a current per of 8 and maiden results a few weeks away I think I'll stick around awhile.

[broadwood] 26/8/2005 08:15

Well, I'm out at 146p - fantastic run,can't be greedy.

[lordgnome] 25/8/2005 21:45

Well done you guys. I'll have to look elsewhere.

[broadwood] 25/8/2005 11:42

Yep - run your winners, cut your losers - etc

[johnrxx99] 25/8/2005 11:30

Let the trend be your friend Broadwood.

[broadwood] 25/8/2005 11:25

Amazing - another 4p today so far.

150p in sight - I'll cut half I reckon if it makes it.

[broadwood] 25/8/2005 07:22

Its at it again.

[philo124] 24/8/2005 12:52

Was in at start & now have added having watched from 120p had no info
before on which to act other than the graph. But now 13.5p eps has been muted & a re-rating to a sector PE of 15 whicj gives 200p. Funds are underweight in this unknown share & will have to buy to track index in due course. Paid more than i wanted to but there arn't many quality stocks around with a potential 40% upside. This stock feels like HAMWORTHY HMY
Which i recently sold at 264 having been at the float & topped even when it
had doubled to £2.00.
Anyway, let's await discovery of this stock by others over the next month,
not long to wait.
Philo

[johnrxx99] 24/8/2005 12:44

But lucky for some. Got in at 108p and reckon there's much more to come with a per under 8.

[broadwood] 24/8/2005 12:09

Lord - bad luck.

[lordgnome] 24/8/2005 11:39

I wish... how did I miss this one? I have been thinking about it since flotation and been waiting for a pull back to let me in. No such luck damit.

[broadwood] 24/8/2005 11:14

Blimey - this one's flying again. To sell or not to sell - that is the question.

Anyone seen anything to explain today's action.

Chart is looking like a 'Stairway to Heaven' !!

[broadwood] 22/8/2005 13:44

Results 15 Sep. Have been tempted to take out some profit but the Company described trading as bouyant back in July. You wouldn't expect anything material to have gone wrong in the meantime.

Still with it.

[grigor] 17/8/2005 12:35

Top Ten Holding for First State British Smaller Companies Fund

[mapomapo] 11/8/2005 14:33

the only way is up ~ or so it seems

[johnrxx99] 01/8/2005 10:02

Stemis - what's your view of the prospects for what's left of the company?

[stemis] 01/8/2005 07:49

Save yourselves the bother.

Foseco was floated with £100M of net debt and net liabilities of £3.4M (CINVEN having extracted what little shareholders funds there were prior to flotation). No new money was raised on flotation. The net proceeds of flotation of £103M were pocketed by CINVEN.

Its a classic VC flotation. You take the money twice. Once by stripping out the balance sheet and then by selling what is left!

[grigor] 20/7/2005 19:10

How much debt is there?

Any serious pensions deficit?

Any significant freehold property?

[grigor] 20/7/2005 18:39

Just stumbled across this recently listed share

Seems dirt cheap and with increasing demand for steel

Did last year's profit of roughly £35m include much in the way of exceptional profits?

[johnrxx99] 19/7/2005 14:47

Continuing to move ahead steadily.

[recruiter] 13/7/2005 07:42

cheers spooky.
up again.

[spooky] 12/7/2005 16:00

Recruiter - It's not exactly straight forward but about 9% of their business is related to the U.K..

[recruiter] 12/7/2005 14:31

virt-x is another trading platform for shares.

re- FOSECO. How much business do they do in the UK, I ask this as I wonder whether there will be a bumper 7 years for them due to construction of Olympic village, stadia etc.

[quickmind] 12/7/2005 13:56

Regarding share price, I believe FOSE is on the way to 135-140p in next few weeks.

- Recruiter

Never heard of this virt-x stuff. Thanks anyway.

[recruiter] 12/7/2005 12:14

lol, lol....

500K BUY - Institutional buying imo.