Slimma Share Discussion Threads

[hilly] 17/5/2001 07:24

Biomax - The Independent today apparently thinks slimma is fully valued. Your comments???

Hilly

[biomax] 16/5/2001 23:21

i believe that slimma's undervaluation will be recognised sooner than later

[biomax] 16/5/2001 20:12

PAV1, Energyi

my faiv cos at the moment are
LCI, DNK, CVG, SLM - all could double in a 3-10 weeks
and even quadruble in 6 months, my detailed reasoning is on idividuals threads for these cos

[pav 1] 16/5/2001 18:09

biomax, i rarely post,but ive got to say some of the companies you reccomend are red hot but i fail to act on them until its too late (iog & slm) being just two of many,what other co"s are you currently looking at. cheers pav 1

[biomax] 16/5/2001 14:11

this stock is absolutly no brainer - increadibly chip,won't be too long before it will hit 1 quid, imo

[money loser] 16/5/2001 09:07

Excellent set of results

Revised target from 60p to 90p at which SLM is still very cheap

[energyi] 16/5/2001 08:47

Nice call Biomax...
what else have you got on the menu?

[biomax] 16/5/2001 08:25

stonking results!!!
profit quadrupled (tripled without aquistion) plus positive outlook!!!
projected FY eps is about 12 p (as H1 more than 6 p)
then PE 8 equates to price 96 p

currently its trading on PE 3!!!, growth 20 %, thats PEG 0.15!!!

honestly, this tsock should be on PE 20 and valued 250 p,
but taking very conservative valuation - 1 quid should be achievable
even at 1 quid pe will be 8 and PEG will be 0.5 - still very, very low

Strong Buy

[alfwilson] 15/5/2001 16:57

Biomax

Having brought SLM to my attention I would tend to agree with you. Assuming eps of 8p and realistic per of 8 minimum a end of FY price of 60p+ looks very reasonable. To late to buy today ... so I will wait and see what interims reveal tomorrow.

[lucas buck] 15/5/2001 13:08

Now beginning to attract interest ahead of results tomorrow.

[biomax] 14/5/2001 11:22

results on wednesday, could fly to 60-70 p

[biomax] 11/5/2001 01:15

results next week

[money loser] 02/5/2001 15:43

Looks like you may be right Biomax
up 12% already today
Biomax 1 money loser 0

[biomax] 02/5/2001 13:38

agree, but target is 60-70 p in two weeks (after rusults)

[money loser] 02/5/2001 11:37

Taken from Investors Chronicle Feb 9 2001

SLIMMA
Bull points

- Increased margins due to growing use of outsourcing

- Debt-free and brand name not in balance sheet

Bear points

- Continued price deflation in the sector

- Tiny market value

Despite difficult trading conditions, ladieswear company Slimma is performing relatively well with last year's decision to refine its business appearing to pay off. Slimma now has one UK-based factory with the majority of production being outsourced. By focusing on mature ladies and larger ladies, it is also well placed to benefit from the fact that the average size in the UK is now a 16, while it is estimated that half the female population in Europe is older than 50 years.

While trading is expected to remain difficult, with prices unlikely to rise due to changes in consumer buying habits, Slimma is strengthening its position by focusing on responsiveness and flexibility to support its customer base. In addition, prudent cash control means that the company is debt free and has cash in hand while demand for its products remains strong.

Eighty per cent of the company's sales are produced offshore. This ensures that it benefits from lower costs than in the UK, allowing it to grow margins, and also means that it can cater for specific customer needs. When combined with its UK manufacturing unit, this increases the company's cost advantage.

The company's four divisions - contract mail order, ladies' tailored outwear, and design and fashion all traded profitably last year. But despite an increase in underlying volumes, sales fell, mainly due to price deflation which continues to affect this sector. The new financial year has started well with trading ahead of last year for the first quarter.

At the end of the month Slimma is expected to launch an internet site which will provide an added marketing arm for the company. Profits next year are expected to rise to GBP1.2m for EPS of nearly 8p. With a strong product base, increasing margins and a solid balance sheet now looks to be a good time to buy.

[money loser] 02/5/2001 11:26

Have to agree with you on this one Biomax. Ridiculously undervalued company. Retail stocks currently showing strength (look at Arcadia and Alexon) and this will get its rerating at some point, just a matter of time IMO.

Having followed this for a while I was gutted to see it rise so quick to 50p following a tip by IC but with profit taking, it has now settled at the 41p mark. So I dipped my toes today with 10000 shares.

Market cap £4.2m
Turnover £18m
EPS 6p
Historic PE 6 falling to 5 with forecasted EPS next year of 8p. EPS growth supported by recent upbeat trading statement.
PEG 0.18!!

Target 60-70p in 6 months
DYOR

[biomax] 02/5/2001 00:44

moved a tad

[biomax] 26/4/2001 08:16

could be a good time to buy slm now before the results,
target 55-70 p, now 41 p

[planer] 10/2/2001 14:01

If you look at investtec.com this is an automatic charting system for all companies.
Slimma is one of their buy recommendations with an associated chart analysis.

The trading seems thin for this stock but when you look at their fundamentals many a company would give your right arm for them.

I notice they dont borrow money and profits are enviable my only reservation being it is in an quiet backwater and may not obtain its growth in share price that it deserves.

[biomax] 06/2/2001 21:37

creepping up

[alfwilson] 02/2/2001 20:51

Biomax

I share your view of SLM having bought a few at £0.29 on the 11 Dec 2000.
I have an end of year conservative target price of £0.56 based upon my own view of fair value PE = 7.42 and forecast EPS = 7.5p. Any comments?

[biomax] 02/2/2001 16:52

i bought 5 k pounds worth via CS internet without a problem, although its much more then stated market size.
This stock is also tigthly held by institutions - 80%, so three float is not in abundance. once its start moving could double in no time, imo

[rew1] 02/2/2001 16:22

I agree, but the problem is that the market in this share is tiny.

Rew1

[biomax] 02/2/2001 15:31

SLM reported doubling profit and TO in december FY results, historic PE8 ,
now reported that new year started well, assuming same doubling TO and profit this will put the retailer into pe 4, which is very cheap, imo.
strong buy, imo





NS Number:2697Y
Slimma PLC
2 February 2001



SLIMMA plc

AGM Trading Statement


As mentioned in our year-end statement, the new financial year
has started well and trading is ahead of last year for the first quarter.
Although our customers continue their re-organisation in meeting the challenge
of a continuing highlycompetitive climate, we would expect that our high
standard of customer service will sustain our performance.