Sweett Grp Share Discussion Threads

[cockneyrebel] 08/9/2009 14:00

Had a few more this am - AGM on Friday.


210K bought by 5 directors 6 weeks ago looks interesting no?

CR

[this_is_me] 02/9/2009 18:45

Value first, then a bid after it has doubled!

[deadly] 02/9/2009 18:09

Strong move higher in a down market today: +12% on 775k shares traded. Bid in the offing, or just value comming out?

[empirestate] 01/9/2009 23:08

AGM on the 11th sept so may be an update in the offing

[empirestate] 27/8/2009 23:57

hello nick, current share price is around 40% of nav, but i tend to look at it from the perpsective of netting the goodwill which brings it down to nav, still meaning that the on current share price there is no value in the share price given to business, so there should be plenty of upside imo, worth keeping an eye on for movement on the share price as it appears to have neen flat lining for a while, just need to catch it on the break

[nick rubens] 27/8/2009 18:29

At 32.5p this share is on my 'to buy' watch list. Not sure when to buy just yet.Strong Net Current Assets according to latest balance sheet in the accounts.

[golla] 01/7/2009 10:08

Good result but share price still static.Any view?

[landereo] 17/6/2009 17:02

Anyone else keeping a close eye on results 1st July

Noticed major buy through today 5 million at 30p

Forecast Pre-tax range between 6 and 8.5m

EPS 7.5 - 9.5p and DPs prediction of 2.6p

Needless to say brought a few today.

[newsh] 20/4/2009 10:59

Moving on up a bit the last few days. No doubt on back of WYG share rally I guess.

[terrynutkin] 07/3/2009 11:06

I like the look of this one but the spread is too damned wide for me to invest at the moment.

[newsh] 27/2/2009 13:34

It will be last man standing in some of these construction sectors, so this shift up looks good.

[rik shaw] 27/2/2009 12:50

Moved up today as quick as moved down last week !

[rik shaw] 23/2/2009 18:55

Huge drop today on very little volume. All construction consultants being hammered down. Must see some takeovers or consolidation in the sector at some stage with valuations so low.

rik

[newsh] 22/12/2008 14:30

Figures look great considering and certainly not worthy of such a sell off. Clearly wrong sector at the wrong time.

[hywel] 09/12/2008 16:58

Hello anyone here? :-)

Interim Results out today, not sure what was forecast as the price has dropped 18% to 44p.

Financial Highlights:

* Performance significantly ahead of last period;
* Revenue for the period up 39.9% to £41.0m (2007: £29.3m);
* Revenue from existing business up 9.9% to £32.2m;
* Revenue from acquisitions of £8.8m representing 21.5% of total revenue;
* Operating profit up 30% to £3.4m (2007: £2.6m);
* Pre-tax profit up 31.7% to £3.3m (2007: £2.5m);
* Operating margin of 8.3% (2007: 8.9%);
* We spent £6.5m on acquisitions: 53% cash and 47% shares;
* Net debt of £0.2m (2007 £1.9m);
* Basic earnings per share up 13.5% to 4.2p (2007: 3.7p);
* Fully diluted earnings per share up 11.1% to 4.0p (2007: 3.6p);
* Interim dividend 0.90p per share (2007: 0.80p per share); and
* Contracted order book stands at £92m to 2013;

[vino] 10/4/2008 18:38

well I did tell you

[vino] 15/2/2008 17:51

jonvig

thanks for comments I want to test the delete before I send it out

thanks again

[jonwig] 15/2/2008 07:25

vino, I had the opportunity to buy shares in the BQS placing and take EIS relief. (Hence 8p, not 10p.)
I passed it by (the market as a whole was horrible), and looked at this as a similar company.
"Investors Champion" (the broker I'd have gone with) wrote a 2-page note (28/11/07) which summarised::

Assuming the company manages to raise the
whole £2m, the market cap of the combined
group will be approximately £9.5m putting it on
an 11x valuation. Cyril Sweett are currently
trading at 13.6x

If you want the full note, post up your e-mail address and then delete it after just one second - I'll be able to recover it.

[vino] 14/2/2008 21:39

Hi jonwig,

interested in your comment about BQS

Please if you have the time can you tell me a bit about them as there is no discussion on the ADVFN site.

I believe there is some consolidation a foot and what to know what the plus points of BQS are.

many thanks

[jonwig] 03/2/2008 19:43

Hi, Charley.

Thanks for the information - I haven't looked into that angle.
What rather impressed was the way business was holding up. But then looking at the rating, it's fairly generous anyway.
A more recent float, Baqus [BQS] might be a better proposition.

[charleyduck] 03/2/2008 19:17

Didn't do the same for me, jonwig - he seemed to have been rather taken by surprise that people were presenting their own Companies to Cyril Sweett as takeover propositions (or mergers) after CSG floated. Did he not know that big lottery winners are beseiged by lots of 'opportunities' after they win. This is not far off the same thing for CSG Directors - suddenly lots of cash - and paper that is more valuable (still) than before the float.

I'd offer my partnership to them if WE were all in our fifties and needed an exit route!

Also, I am wary that they were a firm fully owned by their Staff (incl Directors) before floatation. I understand the big shareholders had to sell a third of their holding to provide equity at the float. But all the staff would have been buying or getting their shares at much less than the present level. I believe that some might have been as low as 10 or 15p in the 1998 MBO that Mr Webster talks about in his first paragraph. If that is right then many staff have a nice profit to take at some point - I think there may be some continual selling from them.

I bought some around 110p but am out now. I'll keep an eye on them for a lower entry point next time.

[jonwig] 02/2/2008 09:43

Thanks rik.
Optimistic chap, isn't he!!
However, I'm more likely to be a buyer after reading that.

[jonwig] 15/1/2008 12:10

I imagine, NEWSH, that a company describing itself as an ...

international construction and property consultancy providing quantity surveying, project management and management consultancy services

will be swept up in the malaise surrounding commercial, residential and construction sectors!

The should make eps of at least 7p this full year (3.7p at half time, but more shares in issue now) so the rating looks cheap - trouble is, other similar companies are on similar ratings.

If you're in here for the long term, you should be OK. It's just an unpopular sector.