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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Qualceram | QLC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.50 | 7.50 |
| Top Posts |
|---|
Posted at 01/8/2003 19:07 by wirralowl Hi Bada,A pretty good day, eh ? If T&G (the housebrokers) are to be beleived, then EPS for this year of 22p still only puts this on a PE of 4.2, even after today 's rise. So there's still plenty more to come IMHO. QLC is still being judged on last years results, where EPS was just 6p, due to the inclusion of £9m of exceptional costs. The company now states all rationalisation is complete. Results due in September - then we should see the fireworks. |
Posted at 01/8/2003 08:44 by wirralowl Qualceram Shies are an Anglo-Irish company, that provide bathroom fittings at the luxury end of the market. They are the market leader in Ireland, with about 40%, but lag behind as No.3 in the UK.They have had to endure some hard times, but have made some decisions that could turnaround the fortunes of the company. They have undertaken severe rationalisation closing the loss-making plant in Hanley (which led to exceptional charges of £9m on last years accounts). They have also undertaken a sale and leaseback programme of some of their properties, which has helped reduce gearing from 58m Euro to 20m. However, as a result thay are now a fitter, leaner operation. Hanley will lead to savings of £3m a year for a start. They have a new Sales team in place and have launched new products into the UK market, which are selling very well. QLC are also set to benefit further from the currency situation, with the pound weakening against the Euro. The company had to hold the dividend as a result of last year' s rationalisation measures, but is this year expected to resume dividend payments of around 4% per annum. At its current rating the market either hasn't noticed, or doesn't beleive the turnaround story of Qualceram Shires. The shares are very tightly held, with a small free-float. Any small purchases tend to result in large price increases. I hold a few shares, so please dyor. Mkt Cap £17m Turnover : 102m NAV : 122p Price : 86p Adjusted EPS for 2002 : 6.3p Consensus forecasted EPS for 2003 : 22- 25p PE for this year : Approx. 3.5 - 4 |
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