International Distributi... Share Discussion Threads

[cockneyrebel] 18/6/2010 12:08

I see Singer are now forecasting £5.2m pbt, 13p eps 2.6p divi, sales of £114m.

So just on those forecasts PE of 12 for the current year falling to 10 next year.

If sales were £103m last year and are up 17.9% this year they are on course for sales this year of £120m+.

Forecasts are for sales to rise £9m and profits to rise £4m. If they are on corse to raise sales £18m then profits will be a lot higher than current forecasts imo, even tho they've been raised.

You don't get growth this good on a fwd PE of 10 as forecast for long imo and the forecasts are too light - going higher imo.

CR

[cockneyrebel] 18/6/2010 11:53

cheers B-B-D.

Someone's buying - couple of nice 50K's just gone through :-)

CR

[bigbigdave] 16/6/2010 05:03

FT

Ideal Shopping Direct shares rise
By Hannah Kuchler
Published: June 16 2010 01:38 | Last updated: June 16 2010 01:38
Shares in Ideal Shopping Direct, the TV shopping channel, rose 7 per cent to 165½p after full-year forecasts were upgraded on the back of an 18 per cent rise in sales in the 21 weeks to the end of May.
Group sales rose 10.5 per cent excluding the contribution from Lead The Good Life, the mail order gardening company acquired in January.



Like this bit

Ideal Shopping Direct is launching a rival to Pets at Home at the beginning of July. Animal Bargains will have its own website and shows on the Ideal Shopping channel, but may in time expand to its own channel, like Ideal's Create and Craft division. The retailer has hired Chris Palmer-Smith who was a senior buyer at Pets at Home.

[cockneyrebel] 15/6/2010 09:16

These will surprise to the good at the results imo Big-B-Dave, that's their way under Hancox.

Will be interesting to see what 'substantial' is. The fact they are paying a divi from the interim half is very positive, thought they might wait till year end.

Sales are up 17.9% compared to last year - they were up 17.5% at the year end results - means currently in recent weeks they are up over 18% and the comparisons have got tougher to beat too.

17.9% up on sales should nean around £121m sals for the year at the current rate, consensus is for around £114m. Given the operational gearing and the increased margins then the eps should come in way ahead of forecasts imo.

These were doing 17p eps on 79m sales back in 05 so that gives you an idea of the potential imo - and paying 3p divi.

Net cash of £8m at the year end - must have risen somewhat too imo. £56m mkt cap so something like 20% of the market cap in cash and no debt.

Looks chuffin cheap to me.


CR

[bigbigdave] 15/6/2010 07:04

Breaking out already.

[davidcod] 15/6/2010 07:03

Only managed 2,000 and it took a little refreshing on the TDW browser to get them!

[cockneyrebel] 15/6/2010 06:28

Absolutely stunning update! Frauddy, you were asking -'Where's the divi?' Well it's being delivered from H1 this year. :-)

If as they say they will make a substantial profit in H1 that's gonna be 4p eps imo - an 8p improvement over H1 last year. They did 8p eps in H2 last year - can expect at least a 6p eps improvement in H2 after this - that means 18p eps minimum and a divi and net cash.

Going up substantially imo.

CR

[bigbigdave] 15/6/2010 06:08

Nice update, doesn't get much better than that. Must be well ahead of forecasts.
Dividend reintroduced too.

[bigbigdave] 10/6/2010 13:43

Wouldn't rule out seeing 2 quid plus sometime soon after the AGM.
btw the 4221 was mine yesterday, absolutely bursting at the seams with these now.

[love it] 10/6/2010 13:39

Where is it going CR seems small volume moves it.

[cockneyrebel] 10/6/2010 13:30

Here we go - about time :-)

CR

[cockneyrebel] 09/6/2010 13:03

Tuesday sorry.

CR

[cockneyrebel] 09/6/2010 12:13

AGM Monday - don't forget to read it Frauddy :-)

CR

[bigbigdave] 28/5/2010 16:09

Smug self congratulatory slap on the back for my top ups last Monday 8-)

[cockneyrebel] 28/5/2010 10:16

that 25K trade last night cleared the mm's of stock imo.

Brokers are forecasting 4% sales growth - recent trading statement says they are up 17%.

Looking forward to the AGM in a fortnight.

CR

[bigbigdave] 28/5/2010 07:20

T'would appear the tide is turning 8-)

[bigbigdave] 24/5/2010 09:18

OK thats low enough, added 3k.

Edit, 2 lots of 3k.

[cockneyrebel] 22/5/2010 08:31

There will be a divi this year Freddy.

Next wasn't paying a divi when the shares were 2p some 20 od years ago either.

If you're not holding ahead of the AGM I suspect you'll be crying.

CR

[bigbigdave] 22/5/2010 06:17

No Freddy, no divi, but nice entry point here as you well know.

[ydderf] 20/5/2010 14:35

is there a divi?

[bigbigdave] 14/5/2010 06:45

AGM 15th June Rebel. Wouldn't mind being a fly on the wall at that.

[cockneyrebel] 13/5/2010 13:08

bouncing right on the trend floor too.

CR

[cockneyrebel] 05/5/2010 11:19

Lovely buy point on the chart here - buying has to pick up ahead of the AGM in a months time imo.

CR