Intertek Share Discussion Threads

[dr darkstar] 30/6/2003 22:53

Rolling over from a clear top ... short again

[latifs100] 16/5/2003 00:27

results good or bad, ? any accountants here please

[typo56] 15/5/2003 20:31

latifs100

It was a trading statement, not results today.

There's something going on though. There's been high volume recently and stonking volume today - equivalent to almost 24% of the market cap. Seems Charterhouse have sold their entire 8.14% holding. So who was the buyer?

[boram] 09/3/2003 13:43

Finals are out on Monday 10th, as you can see on the chart, the share price has dropped alot recently on bad news, do you think that it will go up or down.

[analyst] 15/1/2003 13:16

Going South

[doubleorquits] 01/9/2002 18:50

Tipped as a buy in Sunday Telegraph with a very positive expectation from interim results:

"Interim results next week are expected to show an 11 per cent increase in earnings before interest, tax and amortisation to £35m. Labtest, the division which inspects and tests textiles, toys and other consumer products, is thought to have driven growth."

It adds:

"But Intertek is expected to join the FTSE 250 index later this month, which should give rise to further institutional demand from investors such as tracker funds."

[doubleorquits] 01/8/2002 09:14

Nice one page article on this company in Shares today. Very positive. States that it is third biggest testing company in the world in a £1.3bn global market. It has nearly 25% of the toy testing market cornered (a £20m market) and 40% market share of textiles market.

Biggest downside is if the dollar is weak - and the fact that the article seems at least one week old because it talks about getting at 340p or less with stop loss of 290p. The price is now climbing towards £4!

F/w PEs of 13 and 11.2 imply reasonable growth prospects and relatively cheap for a company with global presence.

[doubleorquits] 31/7/2002 16:53

Managed to buy these eventually although they cannot be bought online so went the same route as you coulsoi. Had to go back to them to sell when my stop-loss was triggered at 380p and then again to buy back at 340p. So I am just about even on these but I have a feeling that this is going to keep creeping back to the £4 level unless the markets take another dive.

[doubleorquits] 31/7/2002 16:53

Sorry - posted same reply twice.

[coulsoi] 31/5/2002 15:46

I bought at the start of conditional trading on 24 May through a telephone deal with ComDirect. They had to phone the MM to deal. I don't know what the conditions are but something called stabilisation is being carried out by Goldman Sachs wrt an over allotment option??.

[doubleorquits] 31/5/2002 15:05

I believe that the greed that has dominated the IPO market recently has been brought into check with this one. On a forward PE of 14 which places it at a discount to the sector average of 18, this company looks good for an upward climb when the markets eventually find the bottom. That's not to say it will not fall in the short-term, although it is pretty steady even now, but I feel there is a good 10% to be had at least to reduce that margin. It was going to float at the high end of £4-£5 range originally and that is where it might go to.

Easy ain't it? Float at top end of price range, lose mkt confidence, folks bail out, little buying....tumble. Float at low end, gain mkt confidence, climb.

Only one problem. I can't buy through any of my brokers yet so I can't put my money where my mouth is!

Anybody know where they can be bought? Or will I have to wait for unconditional dealings to start next week?