Romag Holdings Share Discussion Threads

[asparks] 18/12/2007 19:10

Romag extends glass ceiling
By David Blackwell

Published: December 13 2007 02:00 | Last updated: December 13 2007 02:00

Romag increased annual sales of its photovoltaic architectural glass by 40 per cent, lifting the product's contribution to total sales to 40 per cent.

Lyn Miles, chief executive, said the move towards PowerGlaz was improving overall margins and a further two production lines were scheduled to open next year, doubling capacity.

Total sales rose £1m to £17.4m in the year to September 30 as pre-tax profits increased from £1.9m to £2.8m.

Earnings per share rose from 3.1p to 4.7p and the proposed final dividend of 0.75p will lift the total pay-out for the year 15 per cent to 1.15p.

The shares - priced at 170p for a placing that raised £7.3m in July - closed up 24½p at 240½p. David Blackwell

[asparks] 18/12/2007 19:09

Soaring sales boost Romag shares
Dec 13 2007 by Graeme King, The Journal

THE FTSE 100 index ended the day in positive territory yesterday, rising by 22.9 points to close at 6559.8.

This follows overnight falls on the Dow Jones Index as US investors digested a quarter point interest rate cut by the Federal Reserve.

Romag Holdings, the specialist manufacturer of glass and plastic composites for renewable energy and the transport industry, reported full year results.

The County Durham-based company announced profit before tax of £2.75m compared to £1.9m last year.

Highlights of the year included a 40% increase in sales of PowerGlaz which now accounts for 40% of total sales and a five-year Spanish contract was signed, worth 80m or £57.5m.

In addition, Romag extended its Solar Global Alliance Agreement with BP for another two years.

Shares soared 11.34% to end the day at 240.5p.

The battle for Northern Rock was said to have been whittled down to Virgin Group and a consortium led by Luqman Arnold, the former Abbey National chief executive.

Cerberus, the American private equity firm, is reported to have pulled out of the running for the stricken Newcastle-based mortgage lender. Shares in Northern Rock were 4.98% lower at 99.25p.

Elsewhere, shares in Barratt Developments were in demand yesterday as they rose 4.68% to end the day at 508.5p.

On Tuesday the housebuilder came under the spotlight amid rumours of a takeover with French companies Lafarge and Bouyges named as potential bidders.

Ken Oiwa is an investment adviser of the Wise Speke division of Brewin Dolphin Ltd.

[asparks] 18/12/2007 15:38

substantial buy again today

[asparks] 14/12/2007 11:15

expect an RNS re: insti purchases

[asparks] 14/12/2007 10:02

5-day chart showing bid/offer spread shaded - - - - - - - - - - - - - - - and intraday chart



+ 3 month charts -----------------------------------------------------------and 2 year charts

[asparks] 14/12/2007 09:56

massive trades going thru

[asparks] 14/12/2007 09:04

all sells today - and price holding up. someone wants these...

anyone got L2 pls?

[battlebus] 13/12/2007 17:59

Keep a sharp eye on this as something's up ,the spread at 1p is unusal and after 20000 sales and no buys didn't move.Was quoted 240.25 to sell 50000! It's either a tip or something much better.Hold tight to your shares.

[asparks] 12/12/2007 16:26

The 6% sales growth is low because I think they were already at capacity. With a tripling of capacity this year sales growth should not be impeded.

[battlebus] 12/12/2007 16:14

Price dropping watch the short termers selling.

[asparks] 12/12/2007 15:56

some big delayed buys poss?

[battlebus] 12/12/2007 15:53

Bit of a rush now ,we might see 2.50 by the close.

[786abdul] 12/12/2007 15:21

Looking good ..breakout finally!!phew

[ben gunn] 12/12/2007 13:37

Garth
I hold but I agree the 6% sales growth is more concerning than a 44% uplift in reported profits.
We need to know the PowerGlaz sales growth figure.

Now seen- 40% but production capacity set to rise 150% next year (part).
Digital valuation makes that £2.03 justified by historic growth and future growth could push that up to £4.00

(rise in margins in line with rise of Pawerglaz as a percent of sales is encouraging)

[cyberbub] 12/12/2007 09:29

Hmm - not bad but I don't think enough to tempt me in given the high rating, especially given the current market conditions. Have a look at PFLM in the last couple of days!

[8trader] 12/12/2007 08:59

To be fair Powerglaze has 40% growth year on year they claim but that's
still a hefty rating to sustain.

[8trader] 12/12/2007 08:55

How can anybody chase these up when there so many bargains out there.

113 mil market cap and growing but still 2.74 mil profits.

I know a stock that will make more than that this year and is valued
at 10 million...not 113 million.

Sometimes you have to scratch your head.

[asparks] 12/12/2007 08:51

so, verdicts on the results please?

[asparks] 12/12/2007 07:36

brilliant results out
Romag FY pretax profits up 44 pct, sees further sales growth in Powerglaz range




LONDON (Thomson Financial) - Glass and plastic manufacturer Romag Holdings
reported a rise in full year pretax profits and sales, and said it is expecting
further strong sales growth in its flagship PowerGlaz range.
Pretax profits were up to 2.76 mln stg in the year to end-Sept from 1.92 mln
stg last year, a rise of 44 pct, on sales up 6 pct to 17.4 mln stg.
Final dividend recommended was 0.75 pence a share, bringing the total
dividend to 1.15 pence, a rise of 15 pct.
Chairman John Kennair said that the growth in demand for renewable power was
providing a "substantial and growing" market for PowerGlaz, particularly in
Europe.
He added that the company expects its major growth to flow from this range
of products in coming years.
[e-mail]
ro

[jsteveuk] 11/12/2007 11:34

BP Solar announcement re. a PV solar module plant in Spain (300 MW p.a. capacity with scope to increase to 500 MW p.a. if demand dictates):



How does this relate to Romag?

[battlebus] 08/12/2007 12:05

Never get to optimistic too soon Asparks,i'll settle for 2.50 on thursday and £5 by 2010.

[asparks] 08/12/2007 09:49

I would expect much more than £2.50 if that is the case. We have already reached nearly that in recent months....

[battlebus] 07/12/2007 20:46

Could go as high as 2.50 on Thursday if profits double.