Share Name Share Symbol Market Type Share ISIN Share Description
Thorpe (f.w.) Plc 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% 327.00p 316.00p 338.00p - - - 4,083 12:02:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 109.6 19.6 13.9 23.5 380

Thorpe (f.w.) Share Discussion Threads

Showing 76 to 100 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
12/7/2005
21:56
This looks one of the few good value, ISA'able small cap growth stocks still around. Good quality, quiet thread too. Does anyone have a view as to whether they will remain on the main market?
penpont
07/7/2005
21:23
The only quoted electrical contractor ( T Clarke ) got a big boost from the 2012 London Olympics. It will be interesting to see if TFW get any of the lighting contracts!
bench2
10/6/2005
09:11
Hi there CWA1. Becoming a crowd ! Chart looking very healthy now, in support of the fundamentals.
wirralowl
09/6/2005
09:06
There are at least 3 of us FWIW :-)
cwa1
08/6/2005
22:31
Thanks for the reply Mark, and good to hear I won't be on my own over the coming months! Your analysis always seems very accurate on TFW, so reassuring to hear you are still holding too. Had these on my monitor for a good couple of years now. Thought I'd missed the boat, so pretty pleased to be given a second chance to enter at what I believe is a low rating. If I've got my maths right, an H2 with no improvement on last year, would still see an EPS of 35p+. On the other hand, if they manage to perform comparatively as well as they have in H1 with a 20% uplift on profit, then we could see almost 40p. A PE of 10-12 gives a target range of anywhere between £4-£4.80, dependent probably on the market sentiment at the time of the finals.
wirralowl
08/6/2005
21:47
WirralOwl, Still here, still holding - I've just been a bit too busy with my real job to concentrate on TFW. My target price is still over 400p. I think the wording of the last chairman's statement was rather careless and needlessly (I hope) spooked the market. Mark
mark c graham
08/6/2005
13:33
Very quiet board but I've tucked a few of these away on the hope of a rise back up to £4 plus (fall seems overdone). Noted their 2nd half seems stronger than their first due to costs being allocated unevenly. Nevertheless, H1 this year up 20% against previous year. Management looking to improve margins by reviewing efficiencies in production (which have worsened as output has increased). The interims also mentioned encouraging trading in the early months of H2. Pays a nice divi too. Mark C - are you still around - out of interest where do you see TFW going. TIA.
wirralowl
29/3/2005
21:16
There is a tendency for small family controlled companies to load most of the non operating costs into the first half, exactly as Mark specifies. The first half is un-audited and the auditors are often not consulted ( to save money ).In a large company the FD would be oblidged by the auditors to expense and accrue costs evenly over the full twelve months. TFW looks good value again even on flat EPS of 32.5p which is being pessimistic. I put a toe back in the water today at 312p....with a view to buying more at 300p.Hope this is not the kiss of death!
bench2
29/3/2005
14:43
The H2 margin is consistently much better than the H1 margin. Turnover does not vary consistently between H1 and H2, so the difference must be down to fixed costs. My guess is that certain costs (insurance, pension deficit contributions, for example) are paid in the first half of the year and charged to the P&L on a cash basis; H2 margins are then higher simply because the second half does not bear these costs. What's your view, britishb?
mark c graham
29/3/2005
13:01
Anyone know a reason for the big swings in margins from half to half?
britishb
29/3/2005
10:08
Wish I'd waited!
mark c graham
23/3/2005
14:22
I'll comment on the results in more detail soon. I'm a buyer again at 353p.
mark c graham
23/3/2005
12:41
Anyone any ideas why the shareprice has fallen 70p in less than a week? The interim results were good and the fundamentals are rock solid...
padi
17/3/2005
20:17
Better to travel than arrive? I can see nothing wrong in the interim numbers or outlook statement , apart from the £1.2m reduction in trade creditors since the year end which has eaten into the cash position. Purists will be disappointed in the modest growth in operating margin at 10.3% , and will question whether last year's 2nd half operating margin of 16.9% will be sustained on probable 2nd half'05 turnover of £22m. Over to you Mark.
bench2
17/3/2005
09:53
Interims out... http://www.advfn.com/p.php?pid=nmona&cb=1111053050&article=10706845&symbol=L%5ETFW
cwa1
23/2/2005
12:28
Thanks for the reminder - interim forecasts now added to header.
mark c graham
23/2/2005
12:07
Back to old highs in a nervous market is a good sign. Will you be posting your sales and profit forecasts for the interims to be announced on 17 March Mark?
bench2
18/2/2005
11:42
... or perhaps not.
mark c graham
17/2/2005
08:34
Tipped in "Shares" magazine this morning. Technical baloney, but might create a bit of buying interest ...
mark c graham
07/2/2005
06:41
Thanks, that's helpful.
mark c graham
06/2/2005
23:03
Mark, If you went back 40 or 50 years a large number of public companies M&S , GUS, Sears, had a split voting structure to allow the founding family to retain control. So the Ords would have 10 times more votes than the A Ords. Normally the there would be say 10 million Ords in issue and 60 million A Ords.The A shares would be much more marketable and be owned by the large institutions, and the family and friends would own the Ords. The insurance companies and Pension Funds complained to the stock exchange to put pressure on companies to enfranchise the A's , which has happened.You can still find these sructures in the USA and Europe , but they are frowned upon. So it is extemely rare to find a company with this structure today. There are only about 5 companies left in the UK. New companies would not get a quote with this sort of structure. However you have rights, All A Ords rank pari passu with Ords for Dividends and in a wind up.But Dewhurst A Ords have no votes and you are not allowed to attend the company meetings , ask questions , or vote. But inferior voting power is reflected in a cheaper price , and A shares will nearly always trade at a discount to the ords, but as you get the same div you are buying on a higher yield and lower PER.Hope this helps.The Dewhurst family owns 51% of all the Ord shares. Bench2
bench2
05/2/2005
18:40
bench2, I've had a quick look at Dewhurst, and it does look interesting. Care to expand on the A/Ord structure? What are the differences between the two share types?
mark c graham
05/2/2005
15:38
Mark, I have reduced my tfw holding in favour of dwht, not such good margins or such a broad customer spread , but pristine b/s and serious cash position.But last year's ptp may mark high water mark for the next two years but div covered 4.8x , so family management will grow div at 5-6%pa compound regardless.Sadly just been discovered by IC . Don't be put off by A/Ord structure , value will out in the end ....just look at Gibbs & Dandy and Patterson Zoch ( PZ ) A's were a very cheap way in and you got a big yield while you waited.I hope to attend the AGM on Monday so will update you next week.
bench2
29/1/2005
09:24
Cambium, I'm afraid the 16/09/04 figures in the header are my current analysis of TWF. I'm only working off published figures and I'll rework my projections once the interims come out on 17 March. I try to err on the conservative side in making these forecasts, so I would hope to see the company narrowly beat them. The main uncertainty is cash. I was too high at year-end because they have stepped up capital spending. Even if that trend is continuing, they still have more cash than they need and should be returning the excess to shareholders. I remain hopeful of some news in that regard. Mark
mark c graham
28/1/2005
09:12
Just read your header again, I would be interested in your current analysis of Thorpe and what you think the future is likely to hold. Please.
cambium
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
Your Recent History
LSE
TFW
Thorpe (f...
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190719 04:06:37