International Distributi... Share Discussion Threads

[cockneyrebel] 22/12/2009 17:28

No price target but they say Most importantly the direction of earnings momentum is firmly in positive territory. They say they've only paired back 270bps of the 450bps lost last year on gross margins. But as they move to 'direct despatch' and 'supplier held' there wll be further gains to come.

Say the co has outperformed geneneral retail this year on a two year basis they have underperformed by 35% and yet show encouraging signs of returning back to 2007 levels of profitability.

Forecasting a further 4.3% increase in sales next year.

Forecasting £9.6m free cashflow next year followed by £17m in 2011 :-)

CR

[miked500] 22/12/2009 16:15

just been looking back at some press on news review for 07 and 08. oriel had these as a sell then, when these were up at 300p/250p/200p even though quite a few others still had them as a buy. it's good they now have a buy and upgrades, do they specify a price target? wished i had bought more on the last dip now, probably like most people on here. will be buying more on any pullback before the update. not too many charts as good this one at the moment apart from maybe car and idh.

[pre] 22/12/2009 16:14

about to move up again.....director purchases will add further to confidence...

[cockneyrebel] 22/12/2009 15:51

last mm left on 129p.

A repeat of a few weeks ago coming here imo - daily creep up to the t/s in Jan.

CR

[pre] 22/12/2009 15:19

..yep CR...monster growth indeed here....market beginning to wake up albeit slowly:-)

[cockneyrebel] 22/12/2009 15:15

Well they are looking for 2.2p eps historic here now. 8.9p followed by 14p is monster growth and going by past performance these will re-rate onto quite a rating imo.

165p resistance likely to get tested at the trading statement imo.

CR

[pre] 22/12/2009 15:13

...could see a significant breakout here....£1.30 being attacked....

[pre] 22/12/2009 13:44

cheers CR...as i expected this looks well cheap at current levels based upon them meeting expectations...

[cockneyrebel] 22/12/2009 13:39

I've seen the note now, pretty upbeat and - Oriel say they are confident the co will be able to meet their £1m pbt (2.2p eps) for the year.

Expects them to get back to their 2007 14p+ eps with sales growing and margins up a lot.

CR

[cockneyrebel] 22/12/2009 12:02

Doubt you can make head nor tail of this but here's the numbers.

2008 Estimates 2009 Estimates 2010 Estimates 2011 Estimates
Rec. Latest Forecast Pretax (£m) EPS (GBX) DPS (p) Sales (£m) Pretax (£m) EPS (GBX) DPS (p) Sales (£m) Pretax (£m) EPS (GBX) DPS (p) Sales (£m) Pretax (£m) EPS (GBX) DPS (p) Sales (£m)
Oriel Securities BUY 21 Dec 2009 -4.00 -7.70 1.80 94.90 1.00 2.20 - 102.50 3.70 8.90 - 106.90 6.00 14.60 3.00 112.20
Fairfax IS 17 Dec 2009 - - - - -0.20 - - - 1.00 - - - - - - -
Altium Securities BUY 06 Oct 2009 -4.00 -7.70 1.80 94.90 -0.90 -3.10 - 97.00 2.30 5.40 - 105.50 4.00 9.40 - 112.10
Numis Securities Ltd HOLD 16 Apr 2009 -4.00 -9.60 1.80 95.00 -2.00 -4.90 - 97.00 0.20 0.40 - 102.20 - - - -

[cockneyrebel] 22/12/2009 12:00

Looks like IDS is moving up due to Oriel upgrading yesterday :-)

Now forecasting 2.2p eps for the year gone - which will be the profit IDS were hoping for. 8.9p now forecast for the coming year - that's a big leap - they were forecasting like the other 2 brokers from memory - -3p to -4.5p.

If that's a 12p upgrade that's pretty sweet and I bet they'll beat that 8.9p by some way. 14.6p now forecast for 2011.

Will do a bit more digging to see if I can find wjat they say/

CR

[cockneyrebel] 22/12/2009 11:17

Clear breakout - no resistance till 165p now.

Let's get ready to rumble :-)

CR

[bigbigdave] 22/12/2009 11:16

Agreed, looking very good for further rises.

[pre] 22/12/2009 11:13

....looking very bullish here...threatening to break past £1.30...this could increase rapidly from here imo..

[pre] 21/12/2009 20:49

...indeed,breakout confirmed....reckon +£1.70 here..trading ahead of mkt expectations....we should get there pretty soon imo...even quicker if directors start pcking up more stock.

[bigbigdave] 21/12/2009 20:41

Confirmed breakout at the close. Where's this going on this leg? 160p +?
Got a gut feeling IDS might be one to hold for some time yet.

[pre] 21/12/2009 12:29

well there's someone in the know possibly or sees the significant upside potential here...bodes well imo..

[cockneyrebel] 21/12/2009 12:26

Someone's just paid 123p for 15K

CR

[pre] 21/12/2009 11:00

indeed CR....bodes very well here....big upside from here on next update....wouldn't surprise me to see directors buying stock too...

[cockneyrebel] 21/12/2009 10:34

Wgat a star today - reckon the buyers are getting in ahead of the next t/s in Jan.

CR

[pre] 21/12/2009 09:56

...very upbeat t/s...results expected to exceed mkt expectations....breakout from here and we should see somewhere around £1.75 imo based on charts, dyor etc.

[monkeymonkey] 18/12/2009 17:59

iam afraid its t1ps

[someuwin] 18/12/2009 17:59

Tipped in t1ps today.

[topinfo] 18/12/2009 16:32

I have heard it has been tipped somewhere today. Will try and find out where etc over weekend!

[pre] 18/12/2009 16:11

...ummmm interesting 30k and 71k buys ....someone confident:-)