Slimma Share Discussion Threads

[liverpoolunity] 20/8/2003 08:41

Could anyone please tell me why the flurry of activity in these shares over the last two days. Thanks.

[filmore] 04/6/2003 00:58

Looking to buy. Div good, pe okay, what makes me think is the chart. There was a strong(ish) multiyear support at 40p that now seems to have been broken. Not sure.

[skyracer] 03/6/2003 09:34

35/38p now. Cheap? Tempting? Unfortunately I think Slimma have a long way down to go yet, with some awful figures to come IMO. I could see this at 25p. Its a shame because they are a victim of circumstances and are otherwise a well-managed company. DYOR of course.

[rcturner2] 22/5/2003 10:27

If it falls any further it will be time to buy back in again.

[skyracer] 22/5/2003 10:18

Rated SELL in shares magazine today

[jim digriz] 15/5/2003 08:08

Good set of results in the circumstances... an increase in turnover is a bonus. Pity they reduced the divi though, the yield has always been a big factor in making this company a profitable long-term investment.

[rcturner2] 19/3/2003 11:31

The price reaction to that sell is quite interesting. The buy price has been moved to 50p and the sell price held.

[rcturner2] 25/2/2003 00:57

Nice rise today - presumably there are some big buys waiting to be reported. This share has always been quite volatile.

IC covered SLM in the results section on friday and I suspect that one or two readers may have fancied the dividend yield.

[jim digriz] 03/2/2003 07:59

Moving production offshore must be a good plan these days - in this golbalised era the options are to be undercut by overseas firms - or to open factories abroad instead. So in the long term this is probably a good move. I also agree that Slimma have been consistently well managed. In the 5 or so years I've held them they have not made a significant wrong move yet, just built up the business carefully. I still think that sometime in the next few years we'll get 12p earnings and a 100p + shareprice, so I'm holding and waiting patiently...

While I'm writing, my hat goes off to whomever it is at Slimma who has to deal with Philip Green, can't be an easy job!

[skyracer] 31/1/2003 11:39

Hi Stew. I agree that Slimma are well-managed but they now look vulnerable to further downturns. It will be at least May 2004 until they can publish any figures showing a recovery in profits.

[stewjames] 31/1/2003 11:04

Disagree, skyracer (that the offer should drop to 35p, not that this is a profits warning). They're on a historic PE of 4 and trading at only a 10% premium to net current assets. Order book is at similar levels to last year and they're taking swift remedial action to cut costs and improve customer service. They continue to do as well as can be reasonably expected in tough market conditions and I still believe this is a very well managed company (in fact that view is being reinforced). 35p offer would hugely undervalue them.

I sold this morning 'cos I reckon it'll happen though!

[skyracer] 31/1/2003 10:56

This is a profits warning. Its a big hit. The Offer needs to fall to around 35p to compensate.

[jonny walker] 31/1/2003 10:34

Slimma - Cautious trading statement sinks shares

[stewjames] 12/12/2002 10:09

On second reading I'm rather more encouraged. No benefit this year from Smith Davis and Brown due to startup costs but they mention it's brought new customers and further reorganisation costs at Frank Usher reduced profits there - suggests to me earnings will increase even if they stand still. Think I'll be buying some more sometime before next results.

[rcturner2] 11/12/2002 09:14

Agree SJ. Called it well. I am in at an effective 8% yield so I'm not selling either. If they grow earnings at say 10% from here, then sooner or later these will move up. Solid balance sheet + solid P+L has got to be worth more than PE5/6.

[stewjames] 11/12/2002 08:48

Satisfied with those results. The yield is excellent. Given that it's gone ex-growth (at least on the headline figures) and is in an unpopular sector I doubt we'll see a rerating but see no reason to sell.

[jim digriz] 11/12/2002 08:24

Looks like StewJames wet finger technique and the analyst on JCF guessed the earnings best! Maintained divi and mixed outlook is bang on.

I'm happy enough with the results... that means the last 6 years are now, I think:

yr T/O Profit Earnings
97 23.4m 1.1m 6.65p
98 21.2m -.0m -1.33p
99 19.3m 0.66m 3.05p
00 18.2m 0.99m 6.26p
01 26.3m 1.52m 10.15p
02 31.3m 1.50m 9.84p

It was useful that the results included the comment that 104k of 2001's profit was exceptional on the acquistion of Frank Usher and that taking that out gives operating profits up from 1.44m to 1.62m, so Slimma continues to look like a steadily growing firm. 54p has to be cheap - yield of 7.4%, and significant underlying growth.

... I must say that given what's gone on in the rest of the stock market, its nice to have shares in a company which restates last year's earnings... and restates them higher!

[rcturner2] 10/12/2002 11:06

Price drop - T sell or do they know something about the results?

[rcturner2] 09/12/2002 09:30

I agree - once I had read back through the RNS/AFX there didnt seem to be any reason to fear this one, but we will know soon enough.

[jim digriz] 06/12/2002 21:40

JCF summary of analysys gives only one who is predicting 9.9p.

I still don't see any good reason to assume things have gone pear shaped. Life has been hard for clothing manufacturers, but it was fairly hard in the first half of the year too. In May they said their Autumn/Winter 2002 order book was ahead of last year. I continue to think this year's 5.59p first half was their best ever as the 1.98p three week contribution from Frank Usher in H1 of 2000 was a bit of a space oddity presumably due to the particular time of the annual sales cycle at which they bought it.

I guess I'm still hoping for the 11-11.5p/share I guesstimated in post 89 above and a token divi increase. But I've been wrong a thousand times... well, we'll find out soon enough.

[stewjames] 06/12/2002 14:29

My patented wet finger in the air method predicts 10p/share earnings, maintained divi and a mixed outlook.

[rcturner2] 06/12/2002 13:54

Not long to the results now - any predictions?

[stewjames] 02/12/2002 15:58

That's kind of the point, RichardJo!

That said, I think I'm right in saying it wouldn't be the first time the market got pessimistic for SLM results which actually turned out to be fine. Happy to hold but I've got too much invested in the sector for now to be thinking about topping up.

[rcturner2] 02/12/2002 15:57

Hard to know - very little coverage, but seems to be chugging along nicely.