SSL International Share Discussion Threads

[chevey] 16/10/2007 18:30

Oh, and don't forget the new slimming pill that hits the shelve's in December.

[chevey] 16/10/2007 18:27

Well, well

[mr bean2] 16/10/2007 08:57

FIVER conquered!

[wad collector] 08/10/2007 11:44

Well I called that wrong in the short term anyway ! - someone reckons they are worth more.

[mr bean2] 08/10/2007 10:46

come on FIVER ! how many do you count?

[wad collector] 05/10/2007 16:48

I got out at 455 in July; I agree this is a healthy company but the numbers look "Fully valued " to me.Maybe it will take off and I'll never get back in ,but I am happy to take that risk.

[chevey] 05/10/2007 14:25

350 ha ha your havin a laugh, should have got on board again when I said.

[mr bean2] 04/10/2007 16:06

just put one of these on

[spob] 04/10/2007 12:05

FT Alphaville 04 Oct'07

PM
Enough of that -- Any good broker notes this morning?

NH
Cresit Suisse have penned something interesting on Durex condom maker SSL

PM
Ah, yes and the stock is up 25 at 464 as a result

NH
the analyst is our old friend Charlie Mills

NH
who seems to cover anything vaguely consumer related at CS

NH
he was of course the man that called the first profit warning at Tate & Lyle

PM
So what is he saying today?

NH
upgraded to outperform

NH
he reckons moves to shift condom production to Indian and Thailand should reap some massive benefits

NH
pasting the note now

NH
The recently announced intention to relocate 1/3 of SSL's condom production from Spain to India and Thailand should in our
view generate £5m+ annual savings - our provisional estimate as SSL will not disclose details until its interims on 20
November. This should boost next fiscal year's earnings by c7% - this on top of what is already a strong earnings growth
profile.
NH
Consequently we are raising our 2009e and 2010e EPS estimates by 7% to 24.5p and 28.0p respectively. Our 2008e EPS
estimate remains unchanged.
NH
SSL's H1 trading update is due out on 16 October. As always we anticipate the focus to be on organic growth (our forecast is
at least 5%) and its 2 main drivers, Durex and Scholl footcare. We expect SSL to reiterate its double-digit EBIT growth
guidance for this fiscal year and in the medium term.
NH
With 21% 2008e-10e CAGR SSL's EPS enjoys by far the fastest growth potential in the HPC universe. At the current share
price this equates to a 1.1x PEG ratio, well below peers (HPC average is 1.8x). What's more our updated APV model now
points to a fair value of 500p per share, c. 15% above the current share price. Should a third party bid for the company (a
perennial takeover target) we believe SSL shares could be valued up to 710p based on previous OTC transaction multiples.
• We are therefore moving back our recommendation to Outperform (from Neutral) with a price target of 500p (previously 450p).
NH
look at that last line

NH
a third party bid up to 710p

PM
Extraordinary

NH
that's bullish

[wad collector] 03/10/2007 17:52

The yield on these does not justify the valuation without a big future .I have been in and out a few times since LI days but am not interested unless they dropped to about 350 again.Sure it is a safe company ,but there are plenty of safe equities with higher yield and a solid capital growth prospect.I think the perennial bid rumours continue to inflate the share price

[chevey] 28/9/2007 18:48

Don't let the M&Ms take you for a ride.

[chevey] 28/9/2007 18:46

Half year figure's will be better than expected, and some will be kept back and rolled over for the second half.
Ann summers can't get enough toys, watch out for the gift set at Christmas, again in big demand, SSL can't keep up with orders.

Watch this fly, so get them now.

Next stop five pound

[wal footrot] 10/8/2007 11:34

its a mad old day out there today

[captain kurt] 09/8/2007 09:24

handycam... FUM...Your wrong imo