Share Name Share Symbol Market Type Share ISIN Share Description
FW Thorpe LSE:TFW London Ordinary Share GB00BC9ZLX92 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 303.00p 296.00p 310.00p - - - 0 05:30:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 109.6 19.6 13.9 21.8 351.38

FW Thorpe Share Discussion Threads

Showing 26 to 46 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
08/9/2004
13:49
Moving up nicely ahead of the full year results announcement on 16 September. As a reminder, I am looking for: Turnover : £35.1m (+7%) Pre-tax profit : £4.4m (+18%) Cash : £8.9m (+32%) = 75.9p per share EPS : 27.7p (+24%) Dividend : 7.2p (+9%) NAV per share: 206.4p (+11%
mark c graham
20/7/2004
09:39
This has been holding up well whilst the markets have fallen recently. I suspect that's more due to lack of interest than any recognition of relative value. In any case, I topped up again this morning.
mark c graham
16/6/2004
11:41
Going up nicely this week. You can currently buy just 500 online, but sell 3,500, indicating brokers are short of stock.
mark c graham
07/6/2004
21:08
Mark Yes I held them a number of years ago(10?) presumably before they bought Suggs. They were a very good company but the price never seemed to make any headway; some companies are good and consistent but they never set alight - Castings is another such company; very good solid company, indeed boring, but the share price never seems to make much headway. These companies are consistent and they pay good divs but are somewhat pedestrian on the capital growth front and I think most private investors are looking for quick returns and that comes via capital growth. Anyway good luck.
bobjay
07/6/2004
20:19
Bobjay, I wouldn't class Thorpe as a first class company. Management made a bad decision in buying Suggs Lighting, and have taken far too long to sort out the problems there. I do think it is a solid company, however, and offers first class value at current levels. I think that the big difference now is the rate that Thorpe are accumulating cash. That will ultimately drive value, although it could take a couple of years yet. In the meantime, I'll keep accumulating as long as they keep meeting or beating my forecasts.
mark c graham
07/6/2004
19:26
"Topped up my holding today at 225p. Surely sooner or later the market's got to put a sensible value on this share." Yes I thought that way. I held FWT shares for years and they never made any headway and eventually I sold. First class company; pity no ones interested.
bobjay
07/6/2004
19:07
Topped up my holding today at 225p. Surely sooner or later the market's got to put a sensible value on this share.
mark c graham
18/5/2004
12:49
so its up, diddly up up and now down, diddly down down. Disclaimer: No investment advice is either intended or implied by the above.
hugepants
07/5/2004
11:55
Hex, Do you have a link to the Fool article? thanks.
hugepants
29/4/2004
16:54
It was tipped on 16/04/04 in the Motley Fool Value Newsletter.
hex
27/4/2004
12:05
Excitement over.
mark c graham
26/4/2004
16:40
Hugepants - Still no analysts' forecasts. Second half profit margin would have to be at a level of about 110% of my estimate to deliver 30p EPS. Alternatively, second half turnover would need to be 110% of my forecast. Each of these (or some combination) is possible but, I think, unlikely. Langland - It's been undervalued for some time now. I suspect somebody must have tipped it to create this little flurry of interest.
mark c graham
26/4/2004
16:12
Yep perhaps. Given H2 being considerably stronger than H1 last year and the interim statement that the businesses are on 'a growth path' could an eps of 30p could be on the cards?
hugepants
26/4/2004
16:08
Volume would be higher if it were a tipsheet. Going up because it is fundamentally undervalued as illustrated by the start of the thread and MCg's analysis.
langland
26/4/2004
15:50
This rise surely must have some news behind it. Perhaps mentioned on a tipsheet? BTW. Are there any analysts estimates around?
hugepants
26/4/2004
14:31
Up 6% on steady small buying today. Now at its highest level since 1996. 290p for its all-time high.
mark c graham
05/4/2004
13:55
I wholeheartedly agree. Management should be returning this cash to shareholders, either through rebasing the dividend or share buy-backs (or both). The main downside risk on this share is, I think, that rather than do these things, they will make an ill-judged acquisition.
mark c graham
04/4/2004
19:35
Yep but why is the dividend so miserly when the company has a big pile of cash and a highly profitable business?
hugepants
23/3/2004
07:07
I've added cash per share to the header. At 236.5p, the prospective PE ratio is 8.5, dropping to 6.4 excluding cash. The share pays a decent, progressive dividend and continues to generate surplus cash, in spite of having stepped up capital spending.
mark c graham
19/3/2004
07:15
westcountryboy, My approach to forecasting for this company is purely mathematical. (It has to be since I know nothing about the lighting industry). I have set up a spreadsheet recording the half-yearly P&L Account, Balance Sheet and Cashflow Statement going back to the half year to December 1999. I use regression techniques with seasonal adjustments to project certain key parameters forwards. These include turnover, profit margin (adjusted for depreciation), stocks as a %age of turnover, debtors as a %age of turnover and creditors as a %age of turnover. Add in a few more assumptions, e.g. depreciation rate, tax rate, investment return, and you have enough to build projections of the full set of accounts for the next few periods. This is a simple business with simple accounts, so my approach will work well whilst everything remains "simple". If anything out of the ordinary happens, I'll get it wrong. With regard to your questions, turnover is consistently above trend in H1 and below trend in H2, but profit margins show the reverse pattern.
mark c graham
18/3/2004
15:18
I estimate prospective EPS at 27.7p (now in header).
mark c graham
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
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