Office2office Share Discussion Threads

[joe say] 26/6/2009 07:14

Not on the sauce CR - but a recent brokers note I read (can't remember who as I tend to ignore them) had a BUY recommendation with a target share price lower than that existing. What planet do these guys inhabit ?

Precisely why I ignore their drivel (which in reality tends to be a miminal revision of what the relevant company's management has fed them in any event). No doubt you will have noted similar over the years.

[pmeldrum] 25/6/2009 19:51

Ha Ha ... Nice One CR

Lets hope we have a European Bidding war here to shoot up the price..there are some rumours of foreign interest here

[cockneyrebel] 25/6/2009 19:21

I think you are living in the near future Joe - the pricce today is 129.5p to buy!

Easy to think the price is above those targets tho - it ought to be!

You haven't been on the sauce already have you? :-)

CR

[joe say] 25/6/2009 18:20

don't get any of those price targets as they are all above the current share price !!!

[cockneyrebel] 25/6/2009 17:50

Panmure 174p. Buy.

Ambrian were 160p but might have upped it. Buy.

Investec 150p today - Buy.

Will see if I can get any of the notes.

CR

[jaws6] 25/6/2009 14:20

cr
There is 174 and 175 target note out from 2 broker but i have not got it yet .174 from panmure

[cockneyrebel] 25/6/2009 11:54

No, but I'm sure my broker will give me a nudge if he gets one through - I'll ask him later.

Look very cheap to me still.

CR

[jaws6] 25/6/2009 11:43

CR
Any new broker notes have u seen ? if i see i will post it.

[cockneyrebel] 25/6/2009 11:27

A few small sellers today but someone is buying those sells up.

CR

[cockneyrebel] 25/6/2009 07:53

Nice trading statement - confident of meeting expectations.

PE 5, 8% yield, ISA-able and confident.

-------------------------

DJ Office2office Trading In Line With Views, Confident In 2H

LONDON (Dow Jones)--Office2office PLC (OFF.LN), a managed procurement and business critical services group, said Thursday that the group's overall performance since Jan. 1 is ahead of the comparable period in 2008 and in line with management expectations.
MAIN FACTS:
-The company remains confident about the prospects for the company in the second half of the current financial year and into 2010.
-Revenue and profit at Banner Business Services or BBS, the group's core contract management business which services large customers in both the public and private sectors, remained resilient when compared to the previous year.
-BBS secured further significant new business during the period.
-Sales volumes at Accord, the company's mid market managed procurement business which serves the private sector, softened in the first quarter but stabilised in the second.
-The product cost pressures reported in April 2009, resulting from both inflation and adverse currency movements, continued throughout the second quarter.
-Management action has reduced the margin impact at both BBS and Accord.
-The AccessPlus business process outsourcing activity, continued to perform in line with expectations.
-Clear cross-selling opportunities are being successfully pursued and a number of BBS corporate and public sector customers are now using combined managed procurement and business process outsourcing service.
-Banner Document Services or BDS, the group's secure document destruction business, successfully completed a roll-out arrangement with HMRC.
-BDS now services most of the HMRC offices across the U.K..
-The benefits of further cost efficiencies, higher margins from the business critical services activities and determined management are continuing to compensate for the ongoing margin pressures in managed procurement.

[cockneyrebel] 22/6/2009 15:41

Nice bounce - mm shake to get more stock before the forthcoming trading statement imo.

In case you missed it:

Panmure last week:

Rumour of the day

Office2office rose 13¾p to 122¼p after Panmure Gordon sparked talk that the office services business, granted its current low valuation, may start to attract attention from overseas players in the office supplies market looking for a UK foothold, especially given the robust trading that the broker believes remains in place. Panmure has raised its price target to 174p.

Ambrian last week raised this to a 160p target too.

[cockneyrebel] 22/6/2009 13:17

Down on silly volume, jusT got a few k more.

CR

[jaws6] 17/6/2009 16:05

CR
Thanks fot that info on target by brokers. Tell us again at 149 to check. do not watch lot , its in isa so only news will get me to price.

[cockneyrebel] 17/6/2009 15:55

Breaking the prebvious high guys - looking good.

CR

[protean] 13/6/2009 14:20

Nice move up again, CR. 150 has to be a reasonable round number target with Altium looking for 160 and Panmure Gordon for 174. Moves nice and quickly as well judging by recent moves.

[cockneyrebel] 12/6/2009 12:25

nice Jaws.

Seems to be firming up today for another leg up imo.

CR

[jaws6] 09/6/2009 13:40

c rabel
Well joined after u near 123

[cockneyrebel] 09/6/2009 13:27

that last 5K isn't a sell, it's a buy, mine @ 122p

Picked up another 3 lots today.

CR

[cockneyrebel] 09/6/2009 11:44

Altium note out today on OFF:



Reamains a buy, 160p target, says it expects an inline trading statement in the next two weeks.

CR

[cockneyrebel] 08/6/2009 17:02

yeah, but with the buying there has been of late it's going higher imo.

They usually have a trading statement late June, that broker upgrade says it will be good imo.

CR

[moreforus] 08/6/2009 16:33

pop...it had to happen after what would have been 4 up days...

[cockneyrebel] 08/6/2009 16:31

Could only get 2K online just before the close - damn.

50K buy again today, someone is very keen still.

CR

[cockneyrebel] 06/6/2009 13:00

Well waiting for the rise was worth it.

More to come soon I suspect.

CR

[nurdin] 05/6/2009 16:23

Tomorrows Mail should shed some light on it imo

[cockneyrebel] 05/6/2009 12:35

Interesting - definitely something going on here imo.

CR