Premier Farnell Share Discussion Threads

[superbigal] 15/12/2008 09:51

Very strong possibilty of this being taken over.
Expect to hear Arrow lined up.

[hy3nas4] 10/12/2008 15:33

Hope so, but that ft coment does not luck too good.

[curlly] 10/12/2008 15:17

I feel it will all be good news, we have not had bad news in the past and imo the share price will be £1.70 by year end.

[hy3nas4] 10/12/2008 15:11

ft.com coment

DECEMBER 11
● Plans for extended Christmas shutdowns by manufacturers and a worsening economic prognosis for the new year could prompt caution over the trading prospects for Premier Farnell, the electrical and industrial parts distributor, when it reports third-quarter results, writes Michael Kavanagh.


The Leeds-based company, in spite of fears of slowing sales, can expect to benefit further from currency translation gains because of its strong exposure to the US and eurozone economies.

The company, which stocks 400,000 products and offers to source 4m products for its worldwide customer base, made pre-tax profits of £70m on sales of £733m.

Investors will be looking for progress at the three-quarter stage towards meeting analysts' consensus target of about £77m for the full year – which has not been significantly trimmed over the past three months.

But, with customers preparing to cut production and jobs, Premier Farnell is likely to be considering its own belt-tightening moves.

[enami] 30/9/2008 09:19

This is going very well today, up 10% from the opening price (157.75).

[enami] 17/9/2008 09:47

Aye XD today and rising nicely with the rest of the market.
Looks like the 200MA is giving support much as in July after the fall from 192.
Plannig to sell if there is resistance at the 50MA (currently 180)

[luderitz] 15/9/2008 22:43

In calmer times this one could have been a reasonable divi play, but maybe not with the current market volatility. Pity the Bank business happened this week and not last, oh well see how tomorrow pans out.

Anyone else looking at a possible divi play on this one?

ED: Obviously not.

[rabain] 11/9/2008 14:42

Currently down 8%....how good a statement had the market been expecting?!
btw enami, that's looking a better call by the minute

[enami] 02/9/2008 16:14

Still going well, target achieved and top sliced at 206.
Results coming up next week 11 Sep.

[enami] 29/8/2008 12:41

Going very well last couple of days, an upside breakout to new 52 week high and approaching the psychological 200.
Chart target 205-206 for me.

[ch1ck] 27/8/2008 08:13

Dean

I see things slightly differently, I bought at 144p and have held on to the shares.

The new management has top quality credentials and I believe in the recovery of the share price and can see the price exceeding and holding above 190p.

Having said that taking a 20 % profit looks like a wise move in this uncertain market

[deanforester] 17/7/2008 16:49

It turned the corner back in January. I bought back then at 141p, and have already taken profits once by selling 20% at 183p.

The rest of it has been market noise since then.

[ch1ck] 17/7/2008 08:22

Rebought today I think we may have turned the corner

[666james] 22/6/2008 22:55

Studhaves...thanks for your time and thoughts...it must be the divi that is the problem....I will have a further head scratch. Thanks

[studhaves] 22/6/2008 21:19

The only reason I can think for the share price retreat is that the dividend had been guaranteed to be kept at that level for a few years & this is the last time, although they are going to keep a payout of 65% I think with some special divis on top of a lower guaranteed rate.

They have the same business as PFL, same prods, markets, custs, etc, etc, so I don't know why they should be suffering while PFL make hay on the share price front.

[666james] 22/6/2008 10:43

Thanks Dean, I was thinking the divi was too much for the company to keep paying...that said they say they will continue the divi for some time to come and yet the share price keeps falling. I will decide on Mon. but many thanks for your thoughts.

[deanforester] 21/6/2008 21:07

ECM's dividend has been uncovered for several years, and I don't think it is moving ahead very quickly, if at all.

I don't see any point in buying uncovered dividends.

DF

[666james] 21/6/2008 15:56

Studhaves 184...sorry to interupt your conversation with DF but I have been watching both PFL and ECM for some short time now. TBH the divi at ECM seemed too good to be true and have look on this board as a comparision. I can see why PFL is rated a better stock but the 12.6p divi due very soon on ECM is tempting..but the share price has fallen like a stone of late without any clear reason. Do you know why the fall has taken place at ECM? Any thoughts would be appreaciated. Cheers

[studhaves] 20/6/2008 14:29

how do you feel about ecm at the mo?

[deanforester] 16/6/2008 17:07

PFL triggered my overweight trimming criterion this morning, so sold 20% at 183.75p.

Unusual to have this happen so soon after buying in at median weight.

[deanforester] 09/6/2008 17:17

You are not alone.

The comparison with ECM is very noticeably in PFL's favour.