Interactive World Share Discussion Threads

[diogenesj] 05/3/2007 11:52

Well, as you know, nurdin, I always expect the worst, and am sometimes pleasantly surprised. I'll be topping up on this if it does drop back.

[nurdin] 05/3/2007 10:47

Hi Diogenes....yes I agree,nothing is safe in this market.But imo an investment in ITW at current levels is as good as a flight to high yielding bonds or gilts with prospect of decent capital appreciation in short to medium term.In fact I am hard pressed to find other instruments which offers guaranteed(well almost) 8% yield.Mustnt be blase however and your comment is worth bearing in mind! :o)

[diogenesj] 05/3/2007 10:45

Living in hope's trades showing now: probably what's holding it up...

[diogenesj] 05/3/2007 10:20

I'm not sure that anything's safe in times like this - but it does look safer than most... :-|

[nurdin] 05/3/2007 10:14

Have your trades appeared yet livinhope? A very comforting rise in a dire market...but as I have said before,this is a safe haven

[kebab77] 05/3/2007 10:00

Just have to break 90p and we're all laughing ...

[livinginhope] 05/3/2007 09:29

Just placed two big buy orders which have now been dealt - be interesting to see what effect it has on the price if any

21,655 and 27,973 both @92p but not yet showing in trades as at 10:13am

[kebab77] 05/3/2007 08:17

Here we go ...

[kalmar] 04/3/2007 17:09

lol..silverfern...just as funny the 2nd time!! ;-)

[silverfern] 04/3/2007 17:08

Volsung: I've made the point before that you should ask your dad first.

[kalmar] 04/3/2007 17:05

Nurdin thanks for your efforts.

[nurdin] 04/3/2007 14:57

I dont know volsung but if you give us the link we will check it out...for research purposes only you understand! :o)

[volsung] 04/3/2007 12:58

Does this company have the video where there is a blonde girl with very pert and large breasts being made love to by an eastern European man? If so it is good and the company should do well.

[nurdin] 04/3/2007 12:47

The cash generation IS £1m/month which I guess needs to be interpreted carefully.They are not accumulating cash at £1m/month but due to very short debtor days(45 days according to the CEO) and long creditors days(90 days I assume) they end up with net cash in the bank every month.Thats pretty rare Id say and gives them plenty of leeway to grow the business through credit finance, if they so wished.I almost think the banks would be knocking on their door to hand them money with that kind of cashflow!
I was a bit hasty to extrapolate the information to imply £12m/year and have ammended my post accordingly.Regardless, the 8% yield looks pretty secure and there are opportunities abound for them to accelerate earnings growth going forward.
Safe as houses Id say! :o)

[silverfern] 04/3/2007 10:39

Frmo Sept 06
*Turnover of #9.1 million (2005: #8.9m)
*Profit before tax rose by 37% to #4.3 million (2005: #3.2m)
*Earnings per share of 8.32p (2005: 6.21p)
*Maiden dividend of 4.0p per share (yield of 5.5% on listing price of 73p)
*Strong cash position of #3.4 million

[kimboy2] 04/3/2007 10:25

I think he must have meant turnover and not cash generation.

I wouldn't object though.

[johnrxx99] 04/3/2007 02:56

and they are buying smaller companies.

[nurdin] 03/3/2007 14:46

yup kimboy :o)

[kimboy2] 03/3/2007 14:20

nurdin
Did he say cash generation was £1m a month ?

[diogenesj] 03/3/2007 14:19

Might have known I'd bump into you here, nurdin. :-)

[nurdin] 03/3/2007 12:25

This looks like a safe haven in the current market turmoil,underpinned by the companys declared policy to hand back 80% of net earnings to shareholders in dividends.On current brokers forecast,which the company says it is comfortable with,that translates to a yield of over 8% which beats even the best savings rate.

I had a word with the CEO on Friday and he reiterated that the Company remains on track to meet the brokers full year expectations.The cash generation is also fabulous at nearly £1m/month...

I am not putting fresh money in the market right now but should this share get knocked by the turmoil I plan to put a decent chunk of my savings here..

[junior21] 02/3/2007 18:31

Might we see £1 next week?

[kalmar] 02/3/2007 17:27

set up nicely for results week :-)

[matt] 02/3/2007 08:52

Good buying today ahead of results next week.

[kebab77] 28/2/2007 11:03

Tree shake imo - my guess this is being done just before some big rises.