Printing.Com Share Discussion Threads

[richjp] 04/3/2013 15:00

Share buybacks often look good in principle but often never seem to have any shareholder benefits in practice. There are many articles on the subject so I will not try and expand on that comment here.

The divi is also not well covered. I have a lot of respect for the management of this company, operating in a very difficult market and coming up with various initiatives for the future. I trust them to make the best decisiosns with the cash flow.

[spaceparallax] 04/3/2013 09:31

I've lost faith in share buybacks in the current climate. If the mkt were truly an open playing field, fair enough but there's too much mischief caused by the influence of 'financial instruments'.

[dd776] 04/3/2013 09:29

Debenhams said trading in January was affected by snow, with a consequent impact on first half profit. They said while sales open over a year grew 3%, during the snow-affected period, like-for-like sales we down by about 10%.

same for printing.com.

great div and still making a profit.

if cash flow so great why the company not buy back the shares. 10% yeild??

[richjp] 20/2/2013 14:39

Disappointing obviously but they are maintaining the divi for the time being at least.

They do mention the underlying strength of the cash flow, which in the end is what it is all about as far as I am concerned, so it seems that they are very unlikely to go broke. For those reasons I am staying with it.

[spaceparallax] 20/2/2013 09:25

The TS was worse than expected, but the mkt response response is OTT IMHO.

[pugugly] 20/2/2013 08:23

Very soggy this morning - Trading statement worse than expected

"Trading in the second half of the year has proved softer than anticipated across the Group's various European channels. This coupled with the increased marketing expenditure on the Group's new initiatives means that it is now likely that the Company will be materially behind market expectations in the current year. "

imo the Directors are wearing "Rose tinted spec" publicity etc is moving on line and while the coy may be getting a bgger share of the printing pot the total size of the pot is shrinking fast.

OK going to pay the same level of dividend but again UNCOVERED so (imo) may well be cut next year.

Anyone like to make a guess at a new target share price ?

[richjp] 09/1/2013 15:52

I have just looked at the financials at the head of this page which gives the most recent dividend cover as 0.91 so not fully covered indeed.

However it is not far off being covered and should profits improve as the last trading update indicated then the divi should become more secure. The current share price therefore probably represents that risk factor reasonably well.

Time will tell.

[theglade] 09/1/2013 15:35

The dividend is not covered by earnings - say no more

[richjp] 09/1/2013 14:29

I feel that if they can demonstrate that the level of the divi can be maintained in the future, that in itself should move the share price - eventually!

A divi of 8.5% is an absolute bargain if it is sustainable. Even if the share price were to rise to 40P the divi would still be over 6%. It would be nice if it would move away from AIM which might be putting some people off.

[dd776] 09/1/2013 10:45

Freed up funds and got another 35,000 shares today. just love the div 8.5%.

[dd776] 18/12/2012 02:51

USA 35 stores
France 24 stores
New Zealand 40 stores

[dd776] 18/12/2012 02:51

TemplateCloud.com
TemplateCloud.com is the Company's 'crowdsourced' graphic design initiative. Freelance graphic
designers submit designs for fl yers, leafl ets and business cards, which are then converted by the
Company's software into an editable online format.
During the previous 'Interim Report', when the TemplateCloud.com formula was introduced we
reported that TemplateCloud was not a revenue stream in its own right. However, we have now
identifi ed what we believe is a signifi cant opportunity to market TemplateCloud as a standalone
revenue stream.
The Company will now grant licences to other online printers allowing them to 'bolt-on' the
TemplateCloud.com functionality. A fee of circa £5-£20 is charged every time a Template is utilised.
Following the test marketing at trade shows in both Europe and the US, the fi rst such licence has
been granted and is on the cusp of going live. We are in advanced discussions with many other
potential partners on both continents.
TemplateCloud.com is presently available with English, French and Dutch content. Swedish,
German, Spanish, Italian and Portuguese content will be available early 2013. TemplateCloud.com
is also being adapted for use in the US and Canada, taking into account imperial sizes, spelling and
general parlance. It is our objective to grant in excess of 100 such licences worldwide.

hopefully generate some real money. the overseas revenue can hardly be generating any real profit. ie France, New zealand, and USA ?

[dd776] 17/12/2012 08:39

A bit of a stock overhang, can buy 75,000 shares for 30p the mid price. who can be tha seller, the ex Belgium Director ?

[richjp] 12/12/2012 10:20

Thank you for the reminder - yes I am. Actually I reinvest the money automatically anyway.

It is not one of my larger shareholdings but I think it is worth persevering with. Either they will eventually move forward or possibly go private in my view.

[dd776] 12/12/2012 09:04

Divi Day, You buying more JP Rich

[richjp] 15/11/2012 17:40

Jam tomorrow maybe but I think they have done remarkably well over the last few years to reinvent tnemselves particularly given the atate of the economy and their particular market.

I have been reinvesting my divis in more ahares and I think that we might do well in the future.

[dd776] 15/11/2012 00:57

still jam tomorrow.

have we not lost two directors, nobody new on the board?

[tyranosaurus] 12/11/2012 19:42

A great reaction to the surprise holding of the interim dividend at 1.05p..
Share price unmoved and one reported trade of 1000 shares.

The dividend is not covered by earnings and the final dividend of 1.5p or even 2.1p will definitely not be covered.

[dd776] 05/10/2012 04:50

Maybe Today
Printing.com has a trading update expected in the
coming week. Trading reflects underlying economic
conditions and Printing.com has worked with these
constraints for some years. It has spent time and
effort with ground breaking advances to its offering,
ensuring the franchisees and the end clients are
happy. There has been a cost impact from this on the
profits so there is an underlying resilience from the
newer (web-based) products and the lower costs.
It is worth noting the high depreciation rate and the
(positive) impact this has on the cash flow.HARDMAN AND Co

[dd776] 05/10/2012 04:32

so many oppinionsss,

[empirestate] 20/7/2012 08:00

gonna get nasty

[jeff h] 08/6/2012 18:11

Interesting interview thanks sammy...I'll return the favour....here's
Hardman's latest view:-



I like the cash generation..the talk is going from dividend cuts to dividend increases.