Ince Share Discussion Threads

[pinemartin9] 28/5/2021 15:54

Incey Wincey spider climbing up the spout...

[cheshire man] 28/5/2021 13:50

Nice move up to end the week :-)

[archy147] 24/5/2021 11:16

Count me in, this appears to have bags of upside potential. Bargain! :-)

[luzley] 22/5/2021 14:33

£1 a pop on the horizon soon. Positive trading, well below pre-Covid levels. No-brainer when dividend is reinstituted next results - solid

[mister md] 18/5/2021 13:36

@ +5.2% the best performer in my portfolio today

[luzley] 18/5/2021 12:47

Now we are cooking......turn up the gas......way too cheap....divi reinstate beckons!

[luzley] 17/5/2021 10:48

Tucked a few away myself at this price awaiting divi news in near future that should prompt rerate.

[luzley] 17/5/2021 10:47

Thanks to Adastra LSE - I can't better this observation...

Ince has fallen back since it's strong trading update on April 22nd providing an excellent top up opportunity. Naked trader bought in at 75p looking for a 95p target. Ince had a deeply discounted rights issue in January 2020 with all directors and staff buying in at 45p. It's still only risen back to the current level with plenty of legs to get back to pre-rights £1 and well beyond. Directors are keen to reinstitute divi on the back of strong trading. Plus the expected rise in legal cases as furlough ends should really accelerate UK growth. Good company, strong management and trading at NAV. Solid.

[40 fathoms] 16/5/2021 09:33

You are spot on. The market is still hugely behind the curve on this name.

[undervaluedassets] 13/5/2021 16:12

No moving parts.
carries no expensive inventory.
Can set its own prices so not affected by inflation.

[mister md] 10/5/2021 09:03

Slowly inching (Ince-ing?) up again

[pinemartin9] 07/5/2021 09:34

Seems a reasonable entry point. I would just be concerned that it could drop further. FWIW, I see Naked Trader guy has retained his holding he purchased at 72 ish.

[undervaluedassets] 07/5/2021 08:04

Right, I am a buyer at this level.

Benign recent statement. Hiring. low rating compared to peers. (pe of 6)
Well-positioned both nationally and internationally.

Recent pullback looks like a gift to me

[rik shaw] 06/5/2021 16:55

Finals for last 2 years have been July/Aug. Trading statement last month stated 'The Board will review the payment of a dividend and future policy with the announcement of results for the year ended 31 March 2021.' But they didn't quote a date for results.

[40 fathoms] 06/5/2021 14:21

I think the current weakness will clear pretty quickly once the year end results are announced. I am sure they will give a much more detailed outlook, announce the year end div and provide detailed forecasts for the year ahead. The traders and more nervous types will have been cleared and we will gap up significantly. I am assuming that will be at some point towards the end of May.

[johndoe23] 05/5/2021 19:35

Large seller in the background holding this down...

[djstevens8614] 28/4/2021 10:41

Disappointing that it's on a dip again. It really doesn't like the 80's.

[hawaly] 28/4/2021 09:29

You can say that again....

Oh you did.

GLA
😎

[undervaluedassets] 28/4/2021 09:10

oops double post

[undervaluedassets] 28/4/2021 09:10

I think the main takeaway I have from all the recent newsflow is that they are busy..

That has to be good doesn't it

[cheshire man] 23/4/2021 09:39

Naked Trader still holds as far as I know but DYOR



"One we spent some time discussing at the last online seminar was INCE and I have bought a few.

It’s a lawyers group - a lot of these have come onto the market recently and more to come and despite some good rises it still looks cheap.

Compared to for example RBG Group. It trades on a much lower multiple though debt is a bit higher.

Work for these companies is expected to soar as lockdowns come to an end and potentially here there is another 30pc upside potential.

I was debating waiting for some share price weakness before buying in and there is also the always annoying “why didn’t I buy it lower” syndrome. Also there is a trading statement due shortly, always risky buying ahead of those as shares can go down even if the statement is good before rising again.

Broker I found on research-tree is positive on recent new banking arrangements and good signs found from it taking on new partners.

So overall looks in a good place and again, another with patience that could pay off."

[johnhemming] 23/4/2021 09:13

I would not say it was "itchy fingers", but instead people who put automated stop losses in.

I looked at yesterdays trades and it looked like a big 23,000 sell helped to knock the price down a bit and then about 30 automated sells kicked in one after the other.

[hawaly] 23/4/2021 09:01

Whenever the Naked Trader becomes involved, so too do individuals with uber short time frames and itchy fingers... volatility increases.

GLA
😎

[lennonsalive] 23/4/2021 08:14

Not robbed. Maybe panicked or stops hit.An opportunity for others to top up

[johnhemming] 22/4/2021 16:41

Capital Access: 'Trading on a 0.7x FY21 EV/sales multiple compared to a
peer average of 2.9x (with a range of 1.2x to 4.3x) seems entirely unjustified, particularly in light of this update and our expectations that a (albeit likely small) dividend will return this year.'

This again is a Marketing Communication. However, if they think a small dividend is likely to happen then I would say myself that a small dividend is what I would think is the most likely decision of the board.

Not of course certain and DYOR, but that is how I read the situation.

Capital Access miss out Nahl group as a peer. Nahl are I suppose a different type of solicitors firm, but Nahl are from a regulatory aspect a listed solicitor.