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Share Name Share Symbol Market Type Share ISIN Share Description
Premier Farnell LSE:PFL London Ordinary Share GB0003318416 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 185.00p 0.00p 0.00p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 903.9 29.2 8.1 22.8 687.00

Premier Farnell Share Discussion Threads

Showing 676 to 696 of 800 messages
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older
DateSubjectAuthorDiscuss
06/2/2016
19:02
ST you seemed to have missed my post so here it is again - if you would be kind enough to answer then I shall amend the offending post: kemche 6 Feb'16 - 17:31 - 549 of 554 ST, Can you please post where you think I was ramping? You will find that I tend to couch my views with lots of caveats.
kemche
06/2/2016
18:35
Food for though from Royston Wild yahoo, which concurs with my view including dividend cut, view is earnings will fall about 18% and macro economics etc... Divestment news drives shares skywards "Electronics manufacturer Premier Farnell (LSE: PFL) also made the headlines after announcing the sale of its firefighting and emergency response unit Akron Brass for $224.2m. News of the divestment sent shares 6.6% higher from Thursday's close. In other news, Premier Farnell also advised that profits for the year to January 2016 should fall within its previous guidance of £73m to £77m. The divestment of Akron Brass will allow Premier Farnell to "pursue growth opportunities within the core electronics distribution business," it said, not to mention boosting profitability in the current period and cutting its debt pile. The number crunchers expect earnings to fall 18% in the year to January 2016, while a hefty dividend cut from 10.4p per share to 6.2p is currently pencilled-in. But a 3% earnings bounceback is predicted for the current period, leaving the business dealing on a mega-cheap P/E rating of 8.7 times. And another estimated 6.2p dividend creates a bumper 6% yield. However, as sales continue to deteriorate badly across its core European and North American markets, I believe investors should be cautious concerning current forecasts before piling into what is, conventionally-speaking, an ultra-cheap stock. I reckon Premier Farnell could be set to endure further travails as macroeconomic turbulence worsens."
simon templar qc
06/2/2016
18:14
OK Simon, fair enough, we will see how things go, all the best and have a good weekend, cheers.
eastbourne1982
06/2/2016
17:53
Don't get me wrong east I am not trying to knock the company just giving a cautious view, I see further downside rather than upside if world economy continues to slowdown. I actually would have preferred a tie up with ECM consolidation is preferable in current economic climate as companies will have to get ever more competitive.
simon templar qc
06/2/2016
17:37
Eastbourne, I shall take that as a complement. BTW I am not much into C&P, all views are strictly my own and not some broker's. Oh, and I am not an investment professional nor a High Net Worth individual. ST, Which part of the following is causing you problems?: "Are there headwinds? When were there not headwinds? Risk/reward probabilities suggests that the price should lie to the north of here - how far north? How long is a piece of string?"
kemche
06/2/2016
17:31
ST, Can you please post where you think I was ramping? You will find that I tend to couch my views with lots of caveats.
kemche
06/2/2016
17:30
To be fair Simon I take most things with a pinch of salt especially when it comes to the financial world. With regards to his post, not sure of it was his own thoughts or a cut and paste job from somewhere else, either way I agree with most of it. ps. he is going to have his work cut out ramping something like PFL, hardly a penny share is it !!
eastbourne1982
06/2/2016
17:30
By the way I am not saying debt is the most crucial its not, if the world downturn continues it could severely impact earnings. But Kenche knows that of course he knows everything but as most traders do they like to ramp when it suits them and the minute the share price hits their own exit point which only they know. All imo however.
simon templar qc
06/2/2016
17:21
Kenche is only a trader and also a ramper so you have to take his postings with a pinch of salt and a large pinch at that.
simon templar qc
06/2/2016
16:31
The EV/EBITDA ratio has been transformed by this deal. The 124m will help in retiring some of the expensive $ denominated notes helping the future bottom line. The restructuring that has already been implemented will also help save a few million coupled with the dividend reduction. The improved cashflow from those actions will help in paying off the remainder of the debt which will stand at circa £111m. A cursory glance at the previous cashflows profiles says that this should be achieved with a fair margin. Are there headwinds? When were there not headwinds? Risk/reward probabilities suggests that the price should lie to the north of here - how far north? How long is a piece of string? I am only here for a trade and will be out based on the chart gyrations. Note that these are merely the ramblings of a rank amateur and all IMHO. The chart is curving up nicely too. GL to all holding and shorting due to falling dividends and suchlike (has the market not priced that in already?).
kemche
06/2/2016
01:19
I'm with ST - It's all too terrible for words! :)
kemche
05/2/2016
23:22
I personally wouldn't say the debt is high in relation to earnings.
eastbourne1982
05/2/2016
17:13
bs76 As u can see from my previous post I am not trying to knock the company just stating the obvious, the company is likely to cut the dividend. However I am not sure how dividend will pan out next year if things get more difficult they may rebase to 1.5 times earnings. Still a good yield however but may limit share price rise. Company still has high debt despite a forecast reduction after paying down.
simon templar qc
05/2/2016
16:44
At 5.6 (2.6 + 3 which is the worst case scenario) dividend At share price 106, yield is 5.29% when share price was 87.75 (52 week low), yield was 6.38% For yield to be 4.5%, share price has to be 125. Risk and reward is more skewed to upside.
bs76
05/2/2016
13:08
Company paid 6 pence final last year and this year they cut interim at 2.6 pence. No way are the company going to pay a 6 pence final this year imo. I see 3 pence tops if not less.
simon templar qc
05/2/2016
13:01
Surely they will at least halve the dividend if not more. My maths says they will not make 10p eps next year with reduced turnover and reduced profits.
simon templar qc
05/2/2016
12:50
The dividend was chopped in half in September, I don't see them cutting it again especially after the news today, I don't see why they would need to.
eastbourne1982
05/2/2016
12:35
Eastbourne, This is what they say about dividends... "* As announced on 17 September 2015, the Board's dividend policy is to target a dividend cover in the range of 1.5x to 2.0x; the Board intends to maintain this policy following the Disposal." Dividend was cut at interim and to be honest I think final will have to be cut if they seek to make sure its covered twice.
simon templar qc
05/2/2016
12:27
Yes, it looks look a good move to me, can't see why anyone would see many negatives on this news. I bought a few months ago and am sitting on a loss of around 2% however I'm happy to hold these for 12 - 36 months as I think we could see a takeover or a rerating back towards the £1.50 - £2 mark. I look at PFL and don't see why it can't be worth 550 - 650 million if they continue to be prudent, market cap is currently under 400 million, worth noting that the dividend is still circa 5%. As with everything the proof will be in the pudding.
eastbourne1982
05/2/2016
12:24
Difficult one they reckon they got about EBITDA but sales were well up at date of last trading statement and doesn't the sale amount to about 8% of sales? Not certain where your operating profit figures amount to Eastbourne as forecast was for circa £74 million this year but Ditallook have nearer £50 million and company indicate bottom end of forecasts!
simon templar qc
05/2/2016
12:19
£m 2014/15 2013/14 Cash in bank and in hand 43.8 Bank loans and overdrafts (66.4) US$ Senior Notes (176.0) Other loans (7.7) Preference shares (52.5) Derivative financial instruments 2.2 Net - (256.6) So 124m will reduce debt by half. Can't be bad. And debt cost of 14m (int 10.5 and pref shares 3.5) should be reduced by half as well
bs76
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older
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