Thorpe (f.w.) Share Discussion Threads

[davidosh] 21/1/2009 11:04

bloodsports...you may find this discussion thread of interest to you as TFW is rarely discussed here.



There are lots of holders on TMF and quite a few attend Agms etc to get a feel for the company. TFW are indeed net cash and substantially so with about a third of the market cap in cash and a very well covered dividend.

[bloodsports] 21/1/2009 10:39

The missus has abit of spare money around and I am constructing a portfoilio. i want safe, secure, divi payers with no or little debt.

Am i right in beliving this is debt free and has a well covered divi and years of proven earnings record. It seems to fit he bill. Is there anything I am missing-apart for market conditions!?

Cheers

[westcountryboy] 23/9/2008 23:06

Like I said :-)

It looks to me as if they now have over £20m in cash and short-term deposits, and no borrowings! There was an increase of £4.47m put on deposit, which at first I mistook for capex. What are they going to do with it? How much does 200 acres of forestry cost?!

Another really excellent performance all in all. Of course it is a late cycle business, but even so what is there to be negative about?

[westcountryboy] 20/9/2008 18:47

Hello David :-)

As you know I am a man of few words and I can't think of anything to say at the moment, just like with most of my other stocks... I anticipate a good set of results, a very cautious outlook statement, and very little market reaction. Better that than an opportunistic offer to buy out the company on the cheap, like some Companies From Tyneside...

[davidosh] 20/9/2008 13:24

Just call me Robinson Crusoe !

I am not so sure it has ever been a really popular PI stock although I do know four other serious investors who hold the stock as well as me. It has never had a crazy gang type following but I think John Lee in his popular newspaper column has mentioned the company about a year ago.

The number of posters coming here tells you that there are very few indeed that really know about or have researched the company in detail. I like well managed originally family backed style companies where they have moved with the times but always retain the conservative principles.

The assets here are rock solid and they have freeholds not hefty rents to pay. The company just builds and builds the cash reserves. The dividend should not be at threat even in a downturn.

Good luck if you move from lurking to holding but you are most welcome on the island...Where is your treasure stashed ?

[davidosh] 20/9/2008 12:44

Hi there...How did you find my island ?

[davidosh] 26/3/2008 15:23

Blimey...excellent results but the quietest board on ADVFN !!

[davidosh] 04/2/2008 11:05

On the basis that someone comes here about every third month I thought this may interest you...



Worth a read as it is an excellent review of the company

[cambium] 19/11/2007 11:54

welcome CR,

Have a look at CWK for another Zulu

[cockneyrebel] 19/11/2007 10:22

Loooks a buy, so I have done.

oodles of cash too :-)

CR

[davidosh] 16/11/2007 14:17

A great review of the AMG here

[lancasterbomber] 16/11/2007 09:31

see motley fool in the pub

[cambium] 16/11/2007 07:45

no sorry David,

bench I hold GDWN too

[davidosh] 15/11/2007 22:33

This really is one of the quietest boards on ADVFN but a gem of a company in my view having been a shareholder for nearly four years now. Did anyone who may have accidentally fallen into here attend the AGM today by any chance??

[bench2] 21/9/2007 11:30

Should do well out of the Olympic games ( as will T.Clarke) but that is a long way off .........both are a superb example of the excellence that is left in UK manufacturing.....Castings and Goodwin out of the same mould

[martinc] 20/9/2007 13:13

Very nice too. I wonder where they can go from here? Can they continue to squeeze ever more profit from turnover that's only up slightly ahead of inflation?

[davidosh] 20/9/2007 11:38

absolutely superb results too....




Highlights:

* Turnover £46.5m (2006: £44.2m) 5% increase

* Export sales £7.3m (2006: £6.1m) 19% increase

* Operating profit before exceptional items of £8.1m (2006: £7.3m) 12%
increase

* Profit before tax of £9.1m (2006: £7.4m) 22% increase

* Basic earnings per share 57.9p (2006: 43.8p) 32% increase

* Strong operating cash flow

* Total interim and final dividend 13.25p (2006: 12p) 10.4% increase

* Pension scheme deficit eliminated at 30 June 2007



Andrew Thorpe, Chairman said:

'The strength of our market depends on others having money to spend on new
health centres, office buildings, schools etc ......... we have the products and
the enthusiasm ..'



Fortunately I have the enthusiasm too....lovely company even if I am sitting in one of the quietest backwaters of ADVFN and little Britain in industry.

[davidosh] 30/8/2007 15:56

This has drifted all the way down from £6.65 so over 15% since the start of June .....I appreciate a good few have fallen 10% with little news but this one is such a steady performer and results coming in three weeks ...

Any thoughts ??

[lingy] 30/5/2007 12:39

continuing its upwards march ,slow but steady :)

[cambium] 11/4/2007 11:31

Mr D M Lippold has notified the Company that he sold 1,500 Ordinary Shares in
the Company at 635p per Ordinary Share on 10th April 2007

[westcountryboy] 27/3/2007 09:07

Nice results this morning:

- steady increases in t/o, profit, eps and the humungous net cash position

- this despite major contributor Thorlux 'taking a breather' while it's already looking perkier in H2

- Sugg downsized; should stop the drain on profits from that division in future

- normal weighting to second half suggests eps for FY at nearly 50p, plus £12.66m cash.

Market seems unfazed, as it should be.