Slimma Share Discussion Threads

[rcturner2] 15/5/2002 08:22

68p when it was trading at 85p last week is a bit gutting - lol.

Thats shares for you :(

[stewjames] 15/5/2002 08:21

Excellent point, Jim.

[stewjames] 15/5/2002 08:18

I expect so, RCTurner2.

Seems I should have taken 72p after all! No matter. It's a small holding. May well be adding when the dust settles. When all's said and done it's still comfortably on a single figure PE, the yield is good and the topline growth from acquisitions is likely to filter down to the bottom line as they work on margins (which is how they'd been increasing earnings until recently, after all)

[jim digriz] 15/5/2002 08:17

The "Frank Usher made an exceptional profit last year" excuse IS quite a good one. This is better than it looks.

As far as I can figure, half yearly turnover/earnings for the past few years are:

H1 H2
97 10.8m / 2.61p 12.6m / 4.04p
98 11.1m / 1.69p 10.0m /-3.02p
99 10.6m / 1.37p 8.7m / 1.68p
00 8.5m / 2.11p 9.7m / 4.15p
01 12.1m / 6.13p 14.3m / 3.58p
02 15.6m / 5.59p

but the purchase of Frank Usher in H1 of 01 means its instructive to split 2001's turnover and earnings which goes, I think...

01 xFU 10.0m / 4.15p 8.7m / 4.08p
01 FU 2.1m / 1.98p 5.6m /-0.50p

(where xFU is without Frank Usher and FU is Frank Usher - if I've done my sums right it didn't help earnings in H2 last year, which was never explicitly pointed out in a report).

It does look like continuing growth. Would have liked them to give us a break down for Frank Usher again though.

So this does look like their best half ever bar the odd H1 last year with the once off 1.98p for "3 weeks" from Frank Usher and the apparent 0.5p it cost earnings in H2 last year. Just a pity that H1 was headed "Slimma reports record profts" last year when it was an oddity.

What results for the full year? Well, up to 2000 Slimma seemed to have a bias toward better earnings in H2. However, in 2000 H1 report, Slimma commented there was a "rephasing" with quite a lot of orders moving from March to April and thus from H1 to H2.

It now seems reasonable to assume the second half will be "about the same". So 11 - 11.5p earnings for the year, maybe?

What do others think?

[rcturner2] 15/5/2002 08:12

My sell is unreported - are their others also?

[rcturner2] 15/5/2002 08:11

SJ - I sold out.

Not getting caught like I did with Metnor.

[stewjames] 15/5/2002 08:03

Was going to sell at 80p but by the time I got a quote (at 8:02!) the bid was already 73p. Results were mediocre, sure, but this already looks overdone.

[skyracer] 15/5/2002 07:30

Results: The excuses begin........

Is Frank Usher starting to look like a mistake ?

[stuie] 14/5/2002 19:55

williiam baird (bdw) announced a large boost in sales of womens fashions in it's AGM today.Looking good for tommorow :)

[money loser] 14/5/2002 00:49

I am looking forward to the interims. should be good.

[money loser] 13/5/2002 15:36

looking good for 120p short term..but i bet ride will be rocky before then (as it has always been)

[rcturner2] 13/5/2002 15:28

lol alf - averaging up eh?

i just thought splitting the trade would have saved money.

[stuie] 10/5/2002 18:48

the maximum i was allowed to buy on the internet was 2000, so i got them on the phone instead,what a carve up. stu.

[ialwayswinatmonopoly] 10/5/2002 14:20

Is the NMS small at the moment? - I have only recently been following this share and therefore don't know the history of the market activity.

Does anyone know if this share is normally more liquid?

I can not believe that my 2 orders of 5K shares have been split and recorded as delayed trades (I see the second of my trades (5K @.85p) hasn't even gone through yet!). Surely the market makers have enough stock to be less caution than they are.

The price will go through the roof next Wednesday when the interims come out, especially, if the price goes up like it has done in the last few days on such thin volume.

Answers on a postcard please.

[alfwilson] 10/5/2002 13:23

Having paid between 29p and 54p ... I still think 88p is a bargin. Accordington to my calculations they will reach at least 120p by the time finals are published ... assuming eps are in line with cuurent conservative forecast.

[rcturner2] 10/5/2002 11:34

Someone paid 88p for 5000 shares this morning!!!

They must be mad. No wonder the price went up.

[rcturner2] 10/5/2002 10:08

Since results sre next wed, presumably we can expect good things.

[cwa1] 10/5/2002 09:31

Hi all
Starting to feel happy/stoopid!

Happy about the rise-so far and stupid that I didn't just pay the market-makers their blood money :-)

Still,you live and learn.

ml
Thanks for your comment on lambert it is a situation I will be watching with interest.If you feel like posting some comments on the LMBT thread it would be interesting to hear any thoughts...

[rcturner2] 10/5/2002 08:45

Oy - don't take the p.

:)

[rcturner2] 10/5/2002 00:58

CWA1 - change your broker. As I said above I had no problem buying 3335 electronically.

[cwa1] 10/5/2002 00:28

Hi again

Any holders of Lambert and Howarth-another textile co.-out there?
It looks like an interesting potential turnaround situation....
If you have any thoughts please feel free to post...I would appreciate it.
The epic is LMBT

[cwa1] 10/5/2002 00:06

Hi Stew and Money loser

At the time the electronic trade figure was 1000(I tried 3 separate brokers).So first of all I'd have had to put 5 deals thro' with the attendant cost.Secondly I suspect by the time I had put the first two or three thro' the mm's would have moved the price anyway :-(

Both market makers were contacted and were unwilling to budge on price or market size....

In hindsight I should have maybe just have paid the 79p-but hindsight is dead easy isn't it?? :-)

[money loser] 09/5/2002 19:13

CWA1

try changing your broker...you can get a better price






just kidding :-)
seriously though, thanks for bringing up Lambert Howarth...cursory overview suggests to me that this stock is quite cheap even after the 50% rise in the last 8 months. If trading improves as the recent final results seem to suggest, imo fair value of 250p easy.