Styles & Wood Share Discussion Threads

[moneybags] 27/4/2017 15:12

S & W ALWAYS goes down on good set of results day.Have done for years.
It's the fun, and perverse way the stock market does things.

Regards , MoneyPerverseBags

[graham1ty] 27/4/2017 14:46

Small cap, where did you get that forecast from ?

[smallcapinvestor1] 27/4/2017 14:39

Eps forecast is 55p for this year and that is being very conservative. I reckon 60p more likely.Revenue is slight red herring now because the company are being more selective and going after higher margin work. Also much less pass through revenue work where they source and supply goods and make almost nothing on it but still count it as revenue.Cash generation very strong.The current share price is 50% too low.

[lefrene] 27/4/2017 13:58

I guess weak sentiment today Moneybags, it's not as if the managers revealed anything not known having flagged the shortfall in revenue a few weeks ago. But that revenue has not been lost, it's been rolled into the current year for reasons beyond STY's control. The prospects look better than ever, I hope your purchase does well.

[moneybags] 27/4/2017 13:37

Just managed to buy another 5,000 shares around 10 minutes ago via the screen(no phone call needed) so,.......They are out there to buy today.
My trade not showing yet so no doubt a one hour delay type trade.Should show later I would think.

4.17.40p per share.....

Regards , Moneybags

[sheep_herder] 27/4/2017 13:16

You speaky zee eeengleesh?

[ali47fish] 27/4/2017 13:14

hat men thw share price being down i due to profit taking! anyone please help me!

[sheep_herder] 27/4/2017 13:11

Their note on the order book states, "Represents secured and anticipated workload at 80% success rate", so will likely include the deferred payment. My assumption here is that as revenue is recognised at the various development stages through a project, it moves from the order book to revenue.

[lefrene] 27/4/2017 12:41

Paying down debt which looks likely to disappear altogether this year, plus expanding the client base, improving margins to over 12%, order book 30% ahead of same time last year, and growing the services offered by the business, all looks pretty good to me considering the deep hole they have managed to dig themselves out of. The only negative is that I'm unsure whether the improvement in the order book is partly down to the 'missing' 9.8% being rolled into the 'new' order book?

Even so it looks like a quality operation with quality clients, of which circa 75% are repeat clients. A few more contracts to boost that order book would give this a bit of a lift. I'm mystified though why they hang on to that Dubai operation, just loses money every year, what's the point of it?

[sheep_herder] 27/4/2017 10:27

SHANKS, I see you realised you were talking about 2017 and 2018 EPS numbers? Any concerns still?

[graham1ty] 27/4/2017 09:02

Bit of a dull response. Anyone got new forecasts from Shore Cap ?

[plutonian] 27/4/2017 08:27

Keysource announce contracts...

[bahiflyer] 27/4/2017 07:53

Looking very healthy now, balance sheet in a good state.
Visible recurring revenue streams for the next 3-5 years.
Forward order book 29% ahead of same period last year.

Makes good reading

[valhamos] 27/4/2017 07:52

Looks good, strong profits as per recent update and confident outlook for current year:

"The order book for 2017 is tracking at Week 15 around 29% ahead of prior year, strengthened by recent successful acquisitions. Additionally, the level and concentration of relevant framework opportunities being pursued by the Group is also significantly ahead of prior year."

[graham1ty] 27/4/2017 07:21

Net cash flow from operations £6.2m. Very few working capital moves, so that is all genuine cash flow. Used on capex and the acquisition.

That is a price to free cash flow of 6x

[graham1ty] 27/4/2017 07:13

Gross margin up from 9.3% to 12.3% which explains the increase in profit on lower revenues ( the confusion at the trading statement).

Another worry has been the reliance on their biggest banking client. However, when last year 46% of revenue was from one client, that has fallen to 16.6% ( obviously they have replaced that business with other clients) and four clients now represent more than 10% each of revenue. Much better diversification

[graham1ty] 27/4/2017 07:09

On a first read those results look pretty good

[graham1ty] 27/4/2017 06:46

Results in 15 mins. Good luck all

[sheep_herder] 13/4/2017 11:29

Just saw that on linkedin:

[smallcapinvestor1] 12/4/2017 15:34

New contract wins on twitterhttps://twitter.com/stylesandwood/status/852150378137255938

[smallcapinvestor1] 11/4/2017 10:41

MM short of stock. Trying to shake out a few weak holders.

[chrisatom] 11/4/2017 10:09

No new news I can see, results not due until 27th, couple of sales totalling 4000ish so nothing massive, and a couple of buys of 1000. So nothing major has happened as far as I can see.

[trigger blade] 11/4/2017 09:59

Blimey, what happened there?