Sivota Share Discussion Threads

[diablo1967] 13/4/2015 16:41

Lord gnome Are you struggling for funds or are you committed enough here. There's no rush remember ;-)

[lord gnome] 13/4/2015 16:23

Just what I need - another top up opportunity, err… not!

[diablo1967] 13/4/2015 16:15

I'm loving these dips ...top up top top up and top top top up!!

[lord gnome] 27/3/2015 08:59

Yes, today's RNS puts paid to any fears I may have had about a fundraising.

[edmundshaw] 27/3/2015 08:26

Don't blame you.

Company just buying back more shares, so they are (a) confident and (b) for sure not thinking about a placing. Looks cheap even with the odd over-exuberant acquisitions now, to me.

[diablo1967] 26/3/2015 16:57

Filling my boots yumyum

[waveneygnome] 24/3/2015 12:56

Can't see a placing..........they've been doing share buy backs during the beginning of the year.

More likely one of the bigger institutions shuffling the decks & rebalancing their portfolio................or perhaps Pat Martell selling down some of his holdings.

[redips2] 24/3/2015 12:11

free stock charts from uk.advfn.com


Nice gap which in due course will fill .

[redips2] 24/3/2015 11:43

Could be LG......but at the moment just watching and just waiting .

[lord gnome] 24/3/2015 11:07

Is the balance sheet getting a bit stretched? Does the market smell a placing? That would certainly explain the drop.

[edmundshaw] 24/3/2015 10:56

That Solstice acquisition is not cheap... probably explains the drop.

I think I will wait it out for now.

[redips2] 24/3/2015 10:16

Hmmm, to top, or not to top up, that is the......

[sheikh al utrati] 17/3/2015 15:30

Fair enough diablo1967, not much I would disagree with. As mentioned above - I think they took large bites too quickly for my taste... I don't want to see them caught in this transitional stage when general market cycle turns the other way... Maybe my view is more mid-term compared to yours..

[diablo1967] 17/3/2015 14:20

For me these are still a buy the transitional period seems fluid ...profit enables expansion ...Siv is developing into potentially a major global player ..happy to watch and buy with any signs of weakness .be very interested to see eoy results especially those of Hive ...book division could soon have cornered the market ..given latest huge contract win and the weak position of rivals . There are not a lot of private investors here mainly institutional Investment ...broker forecasts are about right IMO for now .. Remember banks these days are frugal with money and need to be near certain of return and ability.Regards

[ed 123] 17/3/2015 12:56

Thanks, Sheikh al Utrati. :-)

I've posted a reply on the ENTU board.

Regards.

[sheikh al utrati] 17/3/2015 12:23

No problem Ed123. I think one must be honest to himself otherwise it ends up in tears.. ;-)

Speaking of solid business with reasonable rating - have you come across ENTU ?
Listed not long ago..I bought those at 105 and intend to hold for a while as I like the rating as well as capital-light business model.. Nice divi on top.. It got tipped by IC last week so the followers are piling in over last two days, so might not be the best entry point now, but might be worth putting on watch list... Just off-topic brief comment :-)

[ed 123] 17/3/2015 12:10

Thanks, Sheikh al Utrati. :-)

Appreciate your frank comments.

SIV is maybe not for me. I'll continue my search elsewhere. Looking for some solid businesses which don't have high market ratings.

[sheikh al utrati] 17/3/2015 11:58

" Can anyone convince me that SIV is a 'buy' at 177p? "

Definitely not me. I have quite few of these which I bought around £1 mark, but not adding anymore. IC are quite positive on them and rate them 'buy', but I am bit concerned now about how many acquistions have materialised recently..When I bought them first time, they we debt free. Now the debt reaches level I am not comfortable with..

So I will hold for now provided it will keep the current range (or rerate higher of course); it pays decent divi after all... Will give it some time to mature..

[ed 123] 17/3/2015 11:23

"Running fast in order to stand still."

Maybe that lies behind the acquisition of Solstice, announced today?

Paying slightly over 9 times EBITDA, rising significantly if performance targets are met. Could they have got more out of the existing businesses instead of taking on Solstice?

£55 million of loans to be re-financed this year? That should rise to £75 million with the Solstice acquisition.

Can anyone convince me that SIV is a 'buy' at 177p?

[ed 123] 17/3/2015 11:01

Has anyone mentioned the increase in the retirement benefit liability?

It rose from £9.8 million to £33.0 million in the six months.

The operating activities generate a lot of cash but it seems to evapourate through investing and financing activities.

Not sure that SIV is going anywhere. Running fast in order to stand still? Would that be fair?

[nehpets81] 13/3/2015 13:40

I'm not sure it is that most people don't look beyond the headlines, I think it is more that people are looking to the short term. Whilst the long term story here seems very decent, those non-underlying increases in deferred consideration will have a tangible cash effect over the next year with current deferred consideration now at £10.2M. Once that clears, one would expect the cash flow to materially improve depending on what other acquisitions have been made before then.

The Strategic marketing division seems to be doing well but I can't find a break down regarding how much of this improved performance is organic. Also the continued pressures from the grocery sector are unlikely to improve in the near term, however the apparent halt in the decline in physcial books and that massive contract with Penguin looks good for that part of the business.

That's my take on it anyway, although it could be just that people don't like the name given to the new division - I mean, what is "Marketing Activation" really?

[diablo1967] 10/3/2015 14:00

No surprise to see the large trades

[redips2] 10/3/2015 13:44

Too many fourteen year old so called 'fund managers' out there .

[lord gnome] 10/3/2015 12:46

Babies and bathwater spring to mind, Everything is now heading south at a rate of knots and on days like this people do not look beyond the headlines - they are in too much hurry to sell.

[diablo1967] 10/3/2015 12:02

Looks to me that some are unable to interpret financials This paragraph should actually be enough Underlying Group revenue of GBP175.0 million was 6% higher than the previous half year. Group underlying profit before tax grew to GBP14.9 million (2014: GBP12.9 million), an increase of 15%, and underlying operating margin increased from 8.3% to 9.3%.Absolutely crazy to be down this far on solid performance like this need to find more funds as this is a mo brainer purchase here