Slimma Share Discussion Threads

[richardjo] 02/12/2002 15:44

This stock looks cheap. What's the problem?

[rcturner2] 02/12/2002 15:14

Further buying SJ is moving the price up nicely - don't you want to join in?

[cwa1] 27/11/2002 09:33

Directors of Slimma plc wish to advise The London Stock Exchange that they
will be announcing their Preliminary Results for the year ended 27 September
2002, on Wednesday 11 December 2002.

[rcturner2] 27/11/2002 08:27

Well a quick look at the sums suggests that the divi is well covered. Hopefully their full year earnings will be at or around last years levels.

[stewjames] 26/11/2002 13:59

A buy just in time for results I assume, RC. Fortune favours the brave.

I remain a coward. ;-)

[rcturner2] 26/11/2002 13:13

I have a buy order not yet reported for 4000 shares. This has pushed up the price slightly.

[skyracer] 30/10/2002 13:30

PENSION COST WORRIES

Slimma is yet another company that is going to be hit by substantially increased pension costs. We already know from last years report that the agreed employers contribution this financial year increased from 21.8% to 35%; a whacking 60% increase in pension cost. However the stock market has tumbled since then so I also expect a special contribution like last year's £100k, only bigger. Further, I expect the actuarial calculations to require an employer contribution rate increase for next year, up from 35%. All in all bad news, which is a shame for what is otherwise an interesting and well-run company. Slimma are not alone in this hole by any means, and Tony and Gordon have to share the blame for milking small labour-intensive companies like Slimma without mitigating particular labour-orientated problems when times get tough. If Slimma's difficulties subsequently lead to redundancies the unemployment costs will fall on the government at a time when tax revenues are falling.

[stewjames] 22/10/2002 14:54

Nope. Just doesn't seem worth the risk with the clothing sector enjoying rather mixed fortunes at present. Given this isn't NAV backed, poor results will see it punished heavily. Interesting what's happened to the shareprice this month though - absolutely nothing! That is rather a rarity for SLM.

[rcturner2] 22/10/2002 13:59

Any one actually topped up? Or is confidence in the full year figures drying up?

[stuie] 02/10/2002 19:03

alf: i agree, if they can reach their full year's target this has got to be the bargin of the century at these prices.Might hang on a few days before i go in for another top up. stu

[cwa1] 02/10/2002 17:55

Hi Sky

No possibility of it just being poor markets then :-(( ?

[skyracer] 02/10/2002 11:35

Now down to 48/52p. This looks a bit ominous. Trading statement coming?

[alfwilson] 04/9/2002 17:10

Stew

When the dust settles and with 'normalised' market conditions SLM are worth a PE of 8, which with forecast eps of abot 10p this year and 13p next ... I plan to stay in and IMHO double my money again ... having got in originally at 26p.

[stewjames] 04/9/2002 08:21

Spread 0p at the moment. Unusual to say the least!

Anyone have any thoughts on full year prospects? The market must think they're bad considering the PE is below 6 and the yield is 7.5%!

[axa] 21/8/2002 13:22

I thought 21st was day of divi cheque? Anyone know any different

[alfwilson] 30/5/2002 19:20

RCT

That's an indication of what I know!

[skyracer] 30/5/2002 13:48

Rated SELL in Shares magazine today

[rcturner2] 28/5/2002 08:35

alf - since your post slm has gone down while mtg has put out a positive statement and gone up a degree!

I might consider getting back into slm at some point.

[cwa1] 15/5/2002 09:10

Nothing new but you might want a look...

[cwa1] 15/5/2002 08:36

Oops,taking too long to put my thoughts down and it appears that Jim diGriz has come up with some significantly more bullish figures than mine.I much prefer yours Jim :-)

On an eps of 11p of 11p then it would look good value to me and might be within top-up territory for me at least...

[stewjames] 15/5/2002 08:35

CWA1, read post 89. I think he may be bang on the money. Certainly there's no way in hell last year's 300K from FU in H1 inside 3 weeks were 'genuine' earnings - it made 100K loss in the rest of the year. I suspect the underlying growth is still intact, as we'll see in the full year results (possibly, though I suppose the latest acquisition will muddy the waters there as well!)

[cwa1] 15/5/2002 08:30

Hi all

Thank goodness the market makers wouldn't part with the stock last week ;-)

However,whilst the results are disappointing,the market reaction looks a little overdone-don't you think?

The most worrying thing to me is the fact that none of the excellent growth in turnover has fallen through to the bottom line...or is that an opportunity :-)

On a guesstimate eps of 9.5 p for the full year and dividend of 4.25p that would give us a multiple of about 7.5x and a yield of about 6% at the current buy price of 72p.Not compelling,I admit,but not too bad either-especially given that the directorspeak is relatively upbeat.

Any thoughts?