Styles & Wood Share Discussion Threads

[gleach23] 25/5/2017 07:26

To me it just seems to be a continuing hangover from the revenue deferment into 2017 due to accounting treatment on projects. Just reminded myself of the recent updates and they said 2017 has started strongly so I've picked some up this morning @ 3.25

[chizgreen68] 25/5/2017 07:25

The volume is tiny

[graham1ty] 25/5/2017 07:19

Is there any specific reason that anyone knows for this collapse ? This looks so bad that I do now wonder if someone knows something that we do not........STY is almost 35% down from the high

[gleach23] 24/5/2017 23:26

It would be nice to think that'll happen but I won't be holding my breath (based on previous years in which they have just announced the AGM result)

[lefrene] 24/5/2017 18:28

If Mr Lenehan intends to use the shares as currency to empire build, then he needs to pay attention to the slide in value here. The company looks cheap, but when this sort of slide happens one begins to wonder if there is some problem? The AGM is the 31st, a good opportunity to reassure holders that things are moving along nicely.

[gleach23] 24/5/2017 16:00

Seems to have lost all momentum and the near term issue is that next scheduled news isn't until the Sept interims. As ever, it depends on your time horizon but it usually drifts between updates even when momentum is good so I'm watching for close to £3 as a buying opportunity. Obviously an unscheduled RNS about a major contract win could prompt some upwards momentum again.

[shanksaj] 24/5/2017 12:21

This is now good value again. Just bought some more, though on a chart basis its a bit difficult to see where good support is except maybe around 310p, though maybe some support at 330p. This is my most unsuccessful current holding by a long way! All my small caps just seem to be floating higher except, shhh, you know who.

(Both Styles & Wood and Gresham House Strategic seem to be suffering from a large buy/sell spread.)

[lefrene] 22/5/2017 11:25

Confidence in short supply here today. Interesting how fragile a thing confidence can be. Is this business cheap, or are things on the slide?

[rp19] 18/5/2017 20:41

Share price action not good but I was happy with the results and outlook. Lots of framework opportunities about, hopefully some positive news on these will reverse the recent trend.

[deadly] 18/5/2017 09:52

Plenty of other big fallers today among mid caps on no news, e.g. TET, BOY, EPWN, could be just one of those days.

[graham1ty] 18/5/2017 09:50

Lefrene, I agree, it is getting a momentum of its own. "Must be something wrong".

The AGM is on 31 May. The company does not usually issue a trading statement. I have emailed the FD urging them to make a statement at the AGM, even if only to steady the ship. Can you do the same ?

[lefrene] 18/5/2017 09:38

Perhaps "numbers not as forecast" would be fairer? But gets seen as 'not walking the talk', which makes people begin to wonder if there are going to be other shortcomings. On the face of it the business seems to be making worthwhile progress, although Mr Lenehan seems on the acquisition trail. Forecasts were suggesting a price over 600p, so I guess the teenage scribblers don't know much either? Providing there's no nasty secret, the price is probably going down because the price is going down, exacerbated by the few shares in issue. If there's nothing wrong this will likely turn around fairly soon, but if there's a leak I guess it will drift further.

[graham1ty] 18/5/2017 09:05

"Missed forecast" is not quite fair !!! They hit the forecast on lower revenue, so actual margin was well ahead. What upset people was the revenue shortfall, but it was made quite clear that this was just a deferral into this financial year ( so a boost for this year, and possibly at the higher margin.

Forecasts for this year have risen from 44p to over 55p which is surely the right direction ?

So, I am not sure what has spooked the market. An improving outlook, at higher margin, with eps forecasts up 25%...... and we are 30% below the high !!

[lefrene] 18/5/2017 08:10

Illiquid stock, missed forecast, a CEO with 'previous', makes the punters a bit nervous when they see indexes drop. A scrip issue to reflate the number of shares would help to reduce that horrendous spread.

This looks positive.

[deadly] 18/5/2017 07:57

7% drop so far today, any news or just a few sellers?

[lefrene] 04/5/2017 12:48

Evidently some holders underwhelmed by the results. Doubts creeping in? Provided the talk is near correct they have an 'order book' worth £130 million, only it would seem that the 'order book' is not quite that, as they expect to get 80% of the work on the 'order book'. (perhaps they should re-name it?)

However 80% of £130m is £104m. They have achieved margins of 12.5%, but say a margin of 10% on £104m, is £10.4m, throw away another £400,000 on the Dubai hobby, and you have a gross of £10 million. Seems the current market cap of £34 million makes this very cheap, or am I missing something?

[lefrene] 30/4/2017 11:15

Mr Lenehan's ego comes before the shareholders? I feel a modest divi would have signalled that the company was going to be run slightly less aggressively, with a long term view. I'm not complaining, the company has been very smartly turned around, and is now on an acquisition trail. One has to hope that there is no over reaching, no 'big deal' that requires large borrowings only to find hidden liabilities.

In the meantime the changing scene for retailers and banks favours STY as both those sectors adapt to a changing world, down sizing Bank premises and revamping retail outlets instead of building new ones. The 'management' services now being offered should also appeal as it allows businesses to contract out their requirements, thus downsizing on staff. Steady as she goes, certainly a much healthier business than three years ago.

[smallcapinvestor1] 28/4/2017 12:43

I imagine the acquisition trail comes before dividends. It's a company with growth ambitions remember.

[rp19] 28/4/2017 12:14

Results state than a dividend is not envisaged for the new financial year. Should come in time though.

[lefrene] 28/4/2017 11:44

Might have helped their valuation if they had said they anticipate a maiden divi next year. A £130 million order book at 12% margin should give a gross of circa £16 million next time, or if the 80% norm applies then circa £13 million gross. But at any rate provided nothing goes wrong they should be debt free, and good cash in hand. Seems good value or even cheap.

[shanksaj] 28/4/2017 07:53

You are right. It could have been a lot worse. Fortunately the price went down after selling and I bought back then. But of course the price difference is so great on Styles and Wood that I lost some cash. Need to slow down sometimes before acting.

[sheep_herder] 27/4/2017 21:16

Ouch. Not too bad though. :-)

[rp19] 27/4/2017 17:50

Surprised at the decline in share price as I thought the results were very positive. Increasing profits, order book and confident outlook. Undemanding rating, a strong hold for me.