Holders Technology Share Discussion Threads

[master rsi] 20/7/2004 08:47

From ..

Master RSI - 20 Jul'04 - 08:21 - 82 of 82 edit
UPS
HDT 87-97p +7.5p

after reaching 100p just earlier
Very good Half profits, with EPS 6.23p, dividend 2p and margins improving.
Positive operating cashflow of £524M has lead to a reduction in net debt to
£0.260M
Market cap of 3.8M on sales most likely 16.5M for the Year
My forecast for the Year of £0.910M Profits with EPS of 13.50p puts the shares on a PE of 6.8.
Shares on a modest PE of 10 are worth 135p

-------------
LONDON (AFX) - Holders Technology PLC said it swung to a pretax profit in
the six months to end May 2004 as sales grew 16 pct.
The company swung to a pretax profit of 421,000 stg from a loss of 71,000
stg in the same period a year ago. An improvement in gross margins and
continuing cost cutting helped the company move into a profit.

Sales jumped to 7.8 mln stg from 6.7 mln mainly helped by inclusion of
Screen Circuit for a full six months, whereas the year-earlier period benefited
from only four months turnover from this unit. Like-for-like sales in continuing
operations rose 13 pct.

"In general, our operations have performed above plan in the first half with
a somewhat weaker performance from Screen Circuit being more than offset by the
strong performance of UK and German operations," the company said.
It has completed the restructure of its European operations and the
first-half's results also benefited from a profit on the sale of the two
properties of 42,000 stg.

The company said it expects to lift its stake in Hong Kong-based associate
Topgrow Technologies Ltd to 60 pct from 35 pct at an estimated initial cost of
about 130,000 stg.
"Provided that we do not experience more serious supply shortages than those
which we encountered in the first half, we expect to maintain the improved sales
performance in the second half with the benefit of the lower cost base being
maintained," chairman and chief executive Rudolf Weinreich said.

The company plans to pay a net interim dividend of 2.0 pence a share,
unchanged from 2003.

[hupper] 20/7/2004 08:41

So by the next results HDT will have over £250k in the bank + whatever they put aside from the £850k profits,BARGAIN - If you get the right MM,there are two and one is a rip off by 10% , ask your broker to ask both for a price.

[nissi beach] 20/7/2004 08:34

you can buy within the spread but not many 3K

[mitzis] 20/7/2004 08:28

See my post number 115 on the 30th June...

[britishb] 20/7/2004 08:27

Over 12p eps if you double H1....and with such a strong balance sheet surely worth a fair bit more.

[tonyx] 20/7/2004 08:17

Wow--this is volatile!! Managed to get some early doors.

[nissi beach] 20/7/2004 08:17

i have popped in for 5K

should see 100p+ today

[barnetpeter] 20/7/2004 08:15

Quite staggerring. I agree with Paul. About time Holders pressed for a second mm. Its going to be all over the place today.

[hugepants] 20/7/2004 08:11

Assuming H2 matches H1 then PE is less than 9. And a decent discount to NTAV. And also a large cash inflow (550k) form the sale of properties. There isn't much to be negative about except perhaps the general illiquidity.

[allstar4eva] 20/7/2004 08:06

100p already!

[goliard] 20/7/2004 08:02

Excellent set of figures, looking for a large bounce today. Hopefully 100p plus by the end of the day.

[mcdi8ch3] 20/7/2004 07:48

Hmmm,

Seems they hit all their targets. Net debt reduced by 50%, turnover increased (organic by 13% is encouraging). What more does this market want exactly? EPS 6.25 so if that can be done again for full year would leave us on a PE of 6.8 at the current price of 85p.

Another short term investment goes wrong and becomes a longer term one but I am happy to stay a holder (hehe) and see what happens.

2 things worry me; I would like to see the 'supply problems' clarified and sorted out, and someone said to me recently to 'sell all things chinese'....

Chris

[paulypilot] 20/7/2004 07:48

Hi,

Yup, I agree - results are absoutely fine, very good in fact. Mkt cap should probably be at least 50% higher IMO.

Makes yesterday's sharp fall look even more bizarre. Like most people I was expecting something horrendous this morning after the sharp fall yesterday, but it must have just been some panic selling & no buyers. This is the trouble with highly illiquid stocks.

Regards,

Paul Scott.

[mitzis] 20/7/2004 07:39

Annualised profit of 850k.. with China becoming an important market in the future.. all looks great to me..time to buy..

[allstar4eva] 20/7/2004 07:30

At a first glance results look very good to me.

Annualised profits in the region of 850k, Market cap approx 3.3m and this company also pays a dividend. Surely a re-rating is on the cards.

Edit: Annualised profits 850k not 8.5m!!! 8.5m would have been nice though;-)

[latestarter] 20/7/2004 07:15

results look ok, bit of a cautious note at the bottom about supply issues

[matt1231] 20/7/2004 02:06

Took small profits in 100's.Gut feeling HDT share price will rise after this fall back.Therefore nothing sinister & see chart return to uptrend.Illiquid stock so can move quickly.No holding but would have been buying if near screen today.Good luck to holders tomorrows results.IMHO>DYOR.

[barnetpeter] 19/7/2004 18:47

I can understand the feeling Stan - but lets try not to be too gloomy before the event. I agree it is hard at the mo. Markets are just getting kicked. I mean, oil is hitting record levels but the oil majors were still marked down. Heading for a sudden fall in the US I reckon with the risk of a 1000 point fall in Dow not impossible. But as I hold puts on the US Dow, I am not exactly nervous of that.

But lets hope Hupper is right. After all, the total of sells over buys was a pathetic 5,000. We could all wake up tomorow wondering why we were not buying today!

[allstar4eva] 19/7/2004 18:43

Today's drop has been quite alarming but it is also against a backdrop of fairly low volume. It doesn't take much to move the price of these one way or the other. Let's hope what we've seen today was just people who didn't want to hold through results.

Good luck all.

[stan] 19/7/2004 18:39

I can't see that the share price would have been marked down so much and at such speed if the results news were going to be anything other than gloomy. Losses and the prospect of a big write-downs in stock values and a big cut in the uncovered dividend (plus maybe more bad debts) should mean that today's big fall is just a precursor to huge drops tomorrow and beyond. This is going to be very painful I'm afraid and is made all the worse because we've been waiting for so long and sitting on such good gains right up to tomorrow's announcement which I guess many of us thought would be very respectable. I'm feeling a bit disillusioned today I have to say given my exposure to this stock.

[barnetpeter] 19/7/2004 18:30

Good for you Hupper. Let us hope this is just a mm reaction to a few sellers. Soon know of course. Provided they maintain the divi, the stock will be fine tomorow.

[hupper] 19/7/2004 16:37

I've had the date for the results confirmed as 20th July by Kathleen Young at Holders.

[hupper] 19/7/2004 15:42

I think the assets are worth over £1!

[mcdi8ch3] 19/7/2004 14:00

I hope you are right Hupper. About to hit my stop loss!

(however i have never effectively stuck to a stop loss so why change the habit of a lifetime)

see you at 2p ;-)