RSM Tenon Share Discussion Threads

[ny boy] 07/10/2010 11:06

Creeping up again, happy holding here.

[ny boy] 07/10/2010 06:59

Aye, nice chart step up to heaven pattern developing, more investor interest will switch here once Gold starts a health correction, until then it's all about playing the mining sector, adding more CRND & HER today etc. These will out perform the market later in the year.

[albie two shoes] 06/10/2010 14:24

Nice to know the standard are printing what we already know.

[ny boy] 06/10/2010 11:27

Just added a further 460 shares to round up my holdings. Nice broker buy note in the standard, initial price target 70p with further upside after than being possible.

[ny boy] 01/10/2010 10:18

Plenty of fund buying, this is going to trend higher with small pull backs, won't be long before we see triple figs.

[0rb1t] 29/9/2010 16:16

L&G over 6% now. They must see value at this price!

[albie two shoes] 29/9/2010 13:20

Some big buys going through.

[santangello] 23/9/2010 16:37

Solid buying all afternoon.....looks like the value hunters are back and the traders have gone.

Lovely 6 figure roll at the end too.

Blue start tomorrow and more buying I would expect....div hunters next......?

[sm001] 23/9/2010 14:51

Ah ha!.. thanks for getting back to me

[0rb1t] 23/9/2010 11:58

hi sm001, I didn't have to do anything for the shares to be transfered to the main market. But to move them into an ISA then you would have to sell the shares and rebuy them inside the ISA.

[eagle eye] 23/9/2010 07:24

Tenon's shares had rallied 20% the month before the results. Some profit taking was to be expected and share prices rarely progress in a straight line.
On the basis of current prospective forecasts, consensus eps to June 11 looks to be around 8.5p. A prospective PER of x8 gives a target price of 8x8.5=68p. This is 21% ahead of today's 56p plus a 3% divi to boot.
Eagle Eye

[penpont] 22/9/2010 21:20

Yes, also surprised at the drop, and amazed I could top up today at under 56p.

There can't be any other fully listed co offering 10 years of underlying profits growth, 30%+ eps growth in the year ahead, a divi of 3%+, and a prospective PE of 6.8.....

[montyville2] 22/9/2010 19:19

Not sure I understand the drop here... Very good results and thought the initial drop was just a tree-shake. Is it just profit taking or am I missing something.

[sm001] 22/9/2010 18:04

0rb1t - any chance you could assist with my enquiry? I ask since I hold here but also in blnx, currently listed on aim.. when this went from the aim market to the main market in may what happened to your aim shares? did they just transfer over into main market shares, tradeable within an isa? many thanks!

[davebowler] 22/9/2010 08:39

Brewins;


RSM Tenon – Michael Parkinson/James Woodrow (0845 059 6529/6638)

Finals slightly ahead of consensus – Not Currently Under Coverage - Current Price: 59p – Market Cap: £186.1m

· Finals slightly ahead of consensus – Full year PBT of £24.1m is slightly ahead of consensus forecasts of £23.7m. EPS of 6.69p is also ahead of the consensus forecast of 6.44p.

· Good cash flow performance – Year end net debt of £43.1m is better than market expectations for a figure of c.£48m as a result of a strong H2 working capital performance, including a lower than expected working capital investment in Bentley Jennison (£7m versus initial guidance of £10m).

· Integration of acquisitions on track – The statement reports that the integration of Bentley Jennison and Vantis will be largely complete by December 2010 with anticipated cost savings in line with previous guidance.

· Expect minor downgrades to 2011 consensus – We expect very minor tweaks to 2011 forecasts following today's results (expected PBT downgrade of £0.5m - £0.75 on consensus PBT forecasts of c.£38m) to reflect the potential impact of public sector cuts on the risk management business (less than 2% of Group revenue, so limited further downside).

· We remain positive – Assuming a June 2011 EPS figure of c.8.5p, even after a strong recent run the shares still trade on a P/E of less than 7x. We remain positive.

[0rb1t] 22/9/2010 07:05

Very positive Final Results ;) At the top end of market expectations. So for next year 85% of cost savings realised (ie upto £8.5m), some organic growth and the benefits from the Vantis acquisition. So 8-9p eps next year I guess.

[albie two shoes] 22/9/2010 06:42

I'm here and smiling.

[ny boy] 22/9/2010 06:22

Wakey Wakey Albie Two Shoes & others, final results out, all appears at first glance to be very good going forward, no nasty surprises. Onwards & upwards!

[sm001] 21/9/2010 19:51

this is the bit I'm most interested in: "did the aim shares get transferred over to main market shares"

replies appreciated!

[keybox] 21/9/2010 13:57

Yes they are

[sm001] 21/9/2010 13:39

q: when this went from its aim listing over to the main market back in May, did the aim shares get transferred over to main market shares - tradeable within isas?

[ny boy] 21/9/2010 10:20

Results out tomorrow? Hopefully we clear 60p ish soon!

[sawadee3] 20/9/2010 19:54

Nice to know that Mark Slater is on board too, his growth fund is THE top performer over the last 12 months:



Mark Slater, manager of the MFM Slater Growth fund, has snapped up shares in professional services company RSM Tenon on the back of what he sees as attractive valuations.

Slater, who also runs the MFM Slater Recovery fund, said shares in RSM Tenon look "extremely attractively priced" and decided to increase his existing stake in the accounting and consultancy specialist by acquiring a further 80,000 shares. This has brought his total position up to 3%, which is worth about £4.7 million.

He explained: "Tenon's purchase of RSM Jennings was transformational and the recent acquisition of three divisions from its beleaguered competitor Vantis was a steal. Tenon trades on an attractive price-to-earnings-to-growth ratio with a miserly price-to-earnings ratio of 5.5 and steady growth and yields 4%."

Danielle Levy, citywire.co.uk