Immediate Acquisition Share Discussion Threads

[interceptor2] 27/3/2014 15:01

Welcome jakedog

The foreward PER for 2014 is the old Daniel Stewart estimate before the impressive full year results on 20th March. Unfortunately as is often the case with DS, they haven't updated their forecasts yet, unless I just haven't found them.

IME reported an EPS of 2.96p if I discount the tax credit, which inflated EPS to 5.89p. So with a PE of 9.3, they still look like very good value imo.

[cfro] 27/3/2014 09:36

Good to see this moving sharply today. :0)

[jakedog2] 27/3/2014 09:29

Opened a small position today after it came up on my screener.

Forward 2014 PE of 8
PEG 0.28
EPS Growth 48%

Ticked boxes regarding cash, statement clear & easy to understand, decent website etc....

Normally i don't do micro-caps but will tuck this one away

[yamba] 27/3/2014 09:26

Maybe broker note post figures? Might give us refreshed forecasts which would be interesting

[interceptor2] 27/3/2014 08:52

Sudden buying interest here, might have been mentioned somewhere?

[interceptor2] 21/3/2014 12:56

Agreed someuwin, Balance sheet is straight forward and strong, only £145k non current borrowing, but £614k cash & eq. EPS was 2.96p, I guess there will be a small tax charge next year? but business is clearly on right track after restructering, and could be a major winner this year IMO.

As far as I know IME haven't been featured in any Financial press or tipsheet, so still very much under the radar.

ic2...

[someuwin] 20/3/2014 11:59

Not only is this very cheap on fundamental earnings and cash backing, but its tiny market cap means it won't take many new contarct wins to have a very significant effect on the share price.

[yamba] 20/3/2014 10:42

I reckon that's over 4p on its own

[yamba] 20/3/2014 10:36

And also worth remembering that when you work out a fair value using a multiple of earnings, there is £600k of cash on top as well

[yamba] 20/3/2014 10:33

That might prompt the brokers to actually talk about this hidden gem!

[cfro] 20/3/2014 10:10

Well, i bought more on the dip despite already having my fill here. Way too cheap imo and no reason not to expect more contracts in the future too.

I expect big broker upgrades going forward.

[yamba] 20/3/2014 09:55

I think the key here is that they have produced great results from modest revenue growth ie they have finally got the cost structure right. For me that makes this a base line and so any new business will feed through to profits. Given that they are seeing growing interest in their services from new customers and have started work on new brands, the current single digit multiple looks mean imo

[someuwin] 20/3/2014 09:42

Bought in today.

Looks very cheap.

[stegrego] 20/3/2014 08:26

Not understanding people selling this... 30p is only 10x historic.... I guess they will be paying tax next year, but even so.

[nick9013] 20/3/2014 08:19

Pulled a respectable 20% I recon sav is going to do the same in the future.Good luck all still in

[interceptor2] 20/3/2014 08:08

Great results. added some more at the open, looks like a no brainer imo.

ic2...

[cfro] 20/3/2014 08:06

Not many comments on todays results?!

They look pretty decent from where im standing! ;-)

[stegrego] 20/3/2014 08:03

Doubled up here. Looks crazy cheap. Surely worth 45p for starters...

[cfro] 17/3/2014 18:34

No, i havnt seen any fresh broker notes ic2 but like you and yamba both say, not long to wait for results.

Exciting times ahead. :-)

[yamba] 17/3/2014 18:25

I think results are due in the next few days. I am looking forward to them!

[interceptor2] 17/3/2014 16:39

"The benefit of cost cutting and restructuring undertaken in 2012 combined with the strong fourth quarter trading indicates that profit before tax for the year to 31 December 2013 will be significantly ahead of Broker's forecasts. The Company expects to be in a position to announce its audited results for the year to 31 December 2013 towards the end of March 2014."

Worth posting the extract above from the trading update last month. Only a few weeks now until the full year results are issued.

Daniel Stewart were estimating 2.1p EPS for 2013 before the trading update stated they will be significantly ahead of Broker's forecasts. I can't find any increased estimates from DS, just wondered if anyone here had seen a new broker note?

ic2...

[janeann] 19/2/2014 22:09

approx 22.5 to buy - cant tell you exactly now. Sell ranged from 22.1 o 21.8. Havent looked at the trade data but i sold 5k at 21.8 around 1pm.

edit experience today with a diffeent stock - same broker - suggests that the quoted nms may not be correct if i had tried to put the trade through. apologies.

[jamielein] 19/2/2014 19:47

At what price Jane? Sometimes it's difficult to buy even 5k here.

[janeann] 19/2/2014 19:38

well i didnt buy but that was the offer from selftrade = 100k . could sell 250k. was surprised after seeing the comments here!

[papillon88] 19/2/2014 13:50

Dont know where u getting that from Jane but good luck