Sweett Grp Share Discussion Threads

[philanderer] 03/12/2013 10:26

Westhouse Securities retains 'buy' .. increases target from 70p to 90p

[eezymunny] 03/12/2013 10:21

A fun one. Agree with Paul Scott's analysis re the exceptional gain. Every chuffing company trying to flatter numbers and it's just not necessary as the underlying numbers are good. Lots of momentum, chart rising type traders exiting and stopped out today by the looks. Suspect share price would've been pretty flat if they'd just presented numbers with derivative gain sensibly seperated.

[hedley03] 03/12/2013 10:17

Didnt paul post on here saying his target was a quid?

[adamb1978] 03/12/2013 10:08

IR35 - thanks. Didnt realise that Paul had posted on them and, as you say, he has a large band of followers who mimic his trades/views (not his fault) so that probably explains a good chunk of the sales.

Setting aside the presentation of the £1m gain, the results were pretty good and 11x for a company which is growing the top line at double-digit rates isnt expensive

[ir35] 03/12/2013 09:59

I agree with your analysis Adam and looking at the underlying numbers they seem to be slightly ahead of brokers forecasts
I think the reason for the fall is possibly Paul Scotts followers bailing out. He posted negatively on them this morning and it turns out he has also recently sold out.

Presentation of the 1M gain though is appalling behaviour - might expect that from some pie in the sky share but not a real business.

[sundance 13] 03/12/2013 09:54

Agreed the statement is misleading, however even stripping out the £1 m exceptional gain these are looking too cheap after the sell off today. eps of about 5p this year, so PE of 11 for company which is growing, albeit not as quick as the headlines suggest?

[adamb1978] 03/12/2013 09:51

pyemckay - the only mis-leading number is the £1m gain, which was flagged over a month ago and easy to strip out

[adamb1978] 03/12/2013 09:51

Still struggling to understand the share price reaction. There was far more good than bad in the results:

positives:
- order book
- turnover growth
- very strong gross margins
- trading appears strong

negatives:
- presentation of the exceptional gain (the number was already known)
- admin costs jumped a lot

However stripping out amort, exceptionals and the £1m gain, I have it as around 3.0p EPS for H1 compared to 2.6p last year on a like for like basis. They should therefore do 5p - 6p for the full year, even allowing for margins typically being weaker in H2

I struggle to see how that leads to the share price dropping like a stone this morning....

[pyemckay] 03/12/2013 09:47

mrx - headline results are misleading. Anyone who can't see that shouldn't be investing in shares

[hawaly] 03/12/2013 09:43

MrX001


I would click on the previous button for a potential explanation....

[mrx001] 03/12/2013 09:38

I thought results looked good, puzzled at the share price falling, presumably due to profit taking? Bought some more with mine being marked as a sell, assuming that a lot of the other trades marked as sells are actually buys. Possibly someone offloading?

[old tyke] 03/12/2013 09:15

If the business is really moving ahead strongly, there was no need for that very partial presentation of the numbers. I'm out.

[dvb99] 03/12/2013 08:53

Regardless the £1m from the derivative contract should be exceptionals

[mo123] 03/12/2013 08:35

The £1M was flagged in the trading update in October. The results as far as I can see on first read look pretty good and there is a strong order book going forward. Missed the ex item which should have been taken out. Now out. Mo

[cockneyrebel] 03/12/2013 07:44

Pre exceptional results include the exceptional costs but don't included that £1 derivatives gain? Is that right?

Not going to be making that £1m each year are they?

CR

[cockneyrebel] 03/12/2013 07:41

£1m from Australian derivatives ?

thought these were a construction co?

CR

[dashton42] 03/12/2013 07:22

Excellent headline numbers, imho

[petersinthemarket] 02/12/2013 15:49

Looks like the next step up may be under way.
Would still like to see volumes on the header.
pete

[gymratt] 28/11/2013 23:12

...and as the yield increases, so it will attract new investors seeking an income.

:)

[hedley03] 28/11/2013 18:34

Historic PE might be 20, but rolling forecast 12month PE is 13 (forecast is 5.35p EPS), so not expensive.

[broadwood] 28/11/2013 14:49

The good news keeps coming as it will need to now we're on a p/e of nearly 20 and a yield around 1.5%.

Lets hope after Tuesday we can breathe easily as usual.

[petersinthemarket] 28/11/2013 14:37

Any chance of a volume chart on here pls?
SP is only part of the daily story.
GL, pete