Foseco Share Discussion Threads

[rivaldo] 31/5/2007 21:23

Not only continuing, but accelerating fast! Today's fourth buyback is for £3.6m....



"Pursuant to the requirements of LR 12.4.6, the Company announces that in
accordance with the authority granted by shareholders at the Company's Annual
General Meeting on 16 May 2007 it has purchased for cancellation, through
Collins Stewart Europe Limited, 1,670,000 ordinary shares of 25 pence each on 31 May 2007 at a price of 216 pence per share."

[pricemilne5] 31/5/2007 10:12

Great to see the share buy back continuing.

[rivaldo] 31/5/2007 07:32

A third buyback now....this time of 75k shares:

[rivaldo] 30/5/2007 07:29

Yep. And now they've done it again:



"Pursuant to the requirements of LR 12.4.6, the Company announces that in
accordance with the authority granted by shareholders at the Company's Annual
General Meeting on 16 May 2007 it has purchased for cancellation, through
Collins Stewart Europe Limited, 175,000 ordinary shares of 25 pence each today
at a price of 213.75 pence per share."

[pricemilne5] 29/5/2007 16:52

very confident move. They obviously feel they have some spare cash, and want to return some value to the share price

[rivaldo] 29/5/2007 07:35

Good to see the company confident enough to be buying in its shares, particularly after one director top-sliced recently:



"Pursuant to the requirements of LR 12.4.6, the Company announces that in
accordance with the authority granted by shareholders at the Company's Annual
General Meeting on 16 May 2007 it has purchased for cancellation, through
Collins Stewart Europe Limited, 265,000 ordinary shares of 25 pence each on 25
May 2007 at a price of 213 pence per share."

[grigor] 22/5/2007 11:42

Nice chart - Breaking out of trading range

[rivaldo] 22/5/2007 08:17

...and there are those new highs.

[rivaldo] 21/5/2007 11:57

Stretching out again - hopefully new highs a-coming.

[rivaldo] 16/5/2007 12:12

Good AGM statement - nice that FOSE is ISAble :o))

Plenty of upside and could be a breakout given such positive tidings. Shame about the exchange rate, but the fundamentals are cheap so doesn't matter too much imo:



"At today's AGM of Foseco plc, Chairman Danny Rosenkranz, gave the following
update on trading:

'Following on from our second set of strong full year results that I reported in March, I am pleased to be able to report that overall trading for the current year maintains a positive momentum. Group sales for the first quarter to March 2007 of £105.9m were 1% ahead of Q1 2006 at reported exchange rates, or 7.5% after adjusting for the adverse impact of exchange rate movements.

Our Foundry business has maintained its growth trend, particularly in Europe
where demand from industrial customers is buoyant. In Steel, we have seen
further growth, despite reduced steel production in North America, and we
continue our investment in the development of the business.'"

[pricemilne5] 12/5/2007 14:20

Nice close above 210, share price should now move steadily up from here.

[rivaldo] 12/5/2007 09:52

Nice - from today's Times:



"Foseco, which supplies consumables to the foundry and steelmaking industries, added 4½p to 212¼p on word that management had given an upbeat briefing to Evolution Securites."

[rivaldo] 11/5/2007 08:19

Kudos to you grigor - that's two of us here then!

Stretching out to new highs now despite the poor market today. Looks good.

[grigor] 10/5/2007 20:39

In from shortly after the float Rivaldo - started the thread old chap!

[rivaldo] 10/5/2007 11:02

Good to finally see someone else here grigor!

New highs now, and the employee benefit trust is buying in shares like crazy.

[grigor] 09/5/2007 21:14

Agree - Still seems cheap to me

[rivaldo] 09/5/2007 20:48

An excellent close - looks like a new high. Once the market and the chartists latch on to new highs we could see a decent and quick re-rating towards the new 250p broker target.

At 208p FOSE are on a forward P/E of just 12.3 and a current year P/E of 13.76

FOSE also go ex-div next Wednesday for a nice 3.41p divi.

[rivaldo] 17/4/2007 13:27

Lloyds have top-sliced by 500k, but the price continues to spring up, even on a down day for the markets.

[rivaldo] 16/4/2007 09:07

Approaching all-time highs now....

[rivaldo] 10/4/2007 18:20

Good to see the price holding over 200p. Plenty more ISAble gains to come if all goes well imo.

[rivaldo] 05/4/2007 16:11

Majedie have increased by 275,00 shares and now have 5.09% (8.62m shares):

[rivaldo] 27/3/2007 12:45

And again today. Approaching all-time highs now, but still 50p less than the broker target price of 250p.

[rivaldo] 26/3/2007 08:03

Nice early mark up.

[rivaldo] 23/3/2007 12:18

A Buy rec for FOSE in today's IC too I see.