Powerflute Di Share Discussion Threads

[moorsie2] 02/6/2015 10:41

I agree with you Inceptor - I am expecting continued good news flowing through from now to early next year. The Board has been really "beefed up" so that is a further good sign and I am expecting closer to £1 here in 6 months.

[interceptor2] 28/5/2015 11:56

I was reading the recent trading update again, significantly ahead so early in the year, one question came to mind. Why didn't I buy a more substantial holding here,so added again today to rectify the situation.

In my experience, when a company issues such a bullish trading update so early into the new financial year, the odds of a continuing share price advance upto the release of full year results next March are high imo.



Results of AGM released, directors remuneration is a pleasing read and seems rather modest.

[alphabeta4] 20/5/2015 18:23

Yes - that's my thinking considering it is unusual to see the phrase significantly ahead of expectations - normally is just ahead of expectations or exceeding expectations.

[interceptor2] 17/5/2015 12:46

Numis have changed view from hold to buy, and have increased estimates.

2015, PBT = £20.19m and EPS = 4.69p
2016, PBT = £21.64m and EPS = 5.05p

This now gives a PER of 13.87 for 2015, their EPS estimates were increased 30% for 2015. as the positive trading update was so early into the new financial year, it is likely that there will be more increased estimates as the year progresses imv.

[riggerbeautz] 16/5/2015 06:36

These should once again find a base over the next few weeks and tick along until the next spike. Parking money here has not done patient investors any harm for years; being in before each spike and trading a few doesn't hurt either.

Only negative I forsee before next results update would be a slightly weaker dollar, but that's no big deal to overall trade.

[anisha] 15/5/2015 22:06

could someone em=n lighten me pe ratio seems to be 41 how is this cheap tia

[alphabeta4] 15/5/2015 16:03

Agreed, I joined here too today. Noticed Numis has an upgrade too.

[interceptor2] 15/5/2015 10:04

Bought in here this morning after the significantly ahead trading update, and only 4 months into the new financial year , seems rather confident imo.

Three strong drivers at the same time is a powerful combination, Stronger business performance with USA and China leading the way, acquisition integration cost lower than expected, and generally lower operating costs for overall business.

Lovely looking chart here:o)

[paul the octopus] 15/5/2015 08:41

bye bye 50ties, welcome 60ties 70ties 80ties 90ties and the magic £1 as xmas gift

[riggerbeautz] 15/5/2015 08:32

Next level being sought now, patience always a virtue here, but get the reward eventually.

[rathkum] 15/5/2015 08:22

And for a moment I was slightly cautious on the company's growth going forward. Nice to be proved wrong.

[tanneg] 15/5/2015 07:57

Great RNS this morning

"Consistent with the trends described in the preliminary results announcement made on 25 March 2015, the Group is continuing to enjoy a positive start to the year in both Coreboard and Cores and Packaging Papers.

In Coreboard and Cores, performance for the full year is now expected to be significantly ahead of initial expectations. Market conditions in the US and China continue to be favourable and both regions are performing strongly, with volumes and operating margins above expected levels. The Nordic region continues to perform well and the transition to a new long-term supply agreement with the former owner of the Corenso businesses has gone smoothly. While conditions elsewhere in Europe are, as expected, more challenging, our businesses in the UK, France, Germany and the Netherlands are all performing in line with or slightly ahead of our initial expectations. We continue to be very pleased with the progress made with separation of the recently acquired companies from their previous owner and their integration into Powerflute and the costs related to these activities are now expected to be somewhat lower than previously estimated.

Packaging Papers is also performing well, achieving growth in both revenue and margins compared with the prior year's already very strong comparatives. This is due to a combination of continuing good operational performance, healthy underlying market conditions and the favourable movement of the US Dollar against the Euro which has impacted positively on average selling prices.

Accordingly, in the absence of any marked change in market conditions or in the general economic environment, the performance of the Group for the first half is expected to be particularly strong and we currently expect that the outcome for full year will be significantly ahead of current market expectations."

[paul the octopus] 15/4/2015 08:40

break of 60p would be nice

[paul the octopus] 15/4/2015 08:39

Powerflute's FY 2014 Revenue Increased By 16% To Euro 150.1 MillionApr 14, 2015. /Lesprom Network/. Powerflute's FY 2014 revenue from continuing operations increased by 16% to Euro 150.1 million, and included revenues of Euro 15.8 million from the newly acquired Coreboard and Cores activity, as the company said in the press release received by Lesprom Network.EBITDA from operating activities, which is stated before charging non-recurring expenses and recognising income related to the acquisition of Corenso, increased by Euro 3.5 million (20%) to Euro 20.9 million. This included EBITDA of Euro 2.2 million from one month of trading in the newly acquired Coreboard and Cores segment, while on a "like-for-like" basis, the EBITDA generated from the Packaging Papers activity improved by Euro 1.3 million (8%) to Euro 18.7 million.Operating profit from continuing operations reduced by Euro 0.8 million to Euro 10.1 million due to a combination of the factors outlined above and to an increase in the depreciation charge in Packaging Papers following higher levels of capital expenditure in recent years.Commenting on the results, Dermot Smurfit, Chairman of Powerflute said: "I am pleased to report that 2014 was another successful year for Powerflute, with improvement in the underlying profit and earnings per share from our Packaging Papers businesses. We were delighted to complete of the acquisition of the Corenso group of companies in December 2014, and remain excited about the future potential of the business and expect it will make a significant contribution to earnings per share in 2015 and beyond.Packaging Papers has made an encouraging start to the year, with a good operational performance backed by favourable market conditions and exchange rates, resulting in earnings growth compared with the same period of the prior year. The new Coreboard and Cores segment is also performing well and good progress has been made with integration activities.Despite the increase in borrowings resulting from the Corenso acquisition, the Group continues to have only moderate leverage and a strong balance sheet and is well positioned to pursue opportunities for the development of its businesses as they arise."Powerflute is a paper and packaging group. The Group currently has two main activities; Packaging Papers which trades under the name Powerflute and operates a paper mill in Kuopio, Finland producing a specialised form of Nordic semi-chemical fluting used in the manufacture of high-performance corrugated board; and Coreboard and Cores, which trades under the name Corenso and is a leading international manufacturer of high performance coreboard and cores, with coreboard mills in the United States and Europe and a network of core producing facilities in Europe, North America and China.

[paul the octopus] 26/3/2015 09:35

Rigger, agree this isn't for a quick buck, but with 2% divi and fantastic growth from new acquisition make it one for investment

[riggerbeautz] 25/3/2015 09:16

Fairly decent, just unspectacular. Think the real acquisition impact will come in 12 months time, don't expect too much in way of fireworks on price until at least the next interims.

An investor would look at it as a steady growth stock, a trader will find them boring.

[petewy] 25/3/2015 09:02

Results are not world shaking but looks healthy enough.

[paul the octopus] 25/3/2015 08:08

nice results, 50p level held, now lets see some action upwards.
75p first plz

[riggerbeautz] 15/1/2015 20:35

This stock added above 200% for me some trading spikes and dips,some holding, just took above 3 years to get it mind!

[5ros] 15/1/2015 09:11

Just added 1000 shares but no trades showing on level 2. This stock has delivered 20% for me this year!

[bhavini4] 13/1/2015 12:13

Hi. What are the PBT forecasts for 2015 and 2106 please? Thanks.

[moorsie2] 13/1/2015 08:25

Good solid update this morning.

Underpins this share price and points towards a fair valuation in the70p+ area

[paul the octopus] 30/12/2014 23:05

it should continue breaking the highs again once the 50p base is well established