Share Name Share Symbol Market Type Share ISIN Share Description
Tex Holdings Plc LSE:TXH London Ordinary Share GB0008850470 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 73.00 0.00 0.00 0.00 0.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 40.4 -0.7 -9.3 - 60

Tex Share Discussion Threads

Showing 51 to 75 of 450 messages
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TEX HOLDINGS PLC INTERIM STATEMENT Tex Holdings plc Chairman's Statement Tex Group sales for the six months to 30th June 2006 amounted to £16.83m which was a rise of 5.82% on the comparable period figure in 2005. Pre-tax profit earned in the first six months was £531k which was fractionally up on the 2005 figure at the interim stage. The Plastics Division turnover £9.06m compared to £9.58m in 2005, principally due to a shortfall in demand at Tex Plastic Products in Barnstaple. Pre-tax profit earned was £191k as against £427k in 2005 as a result of margin pressure and the lower volume at the Devon facility. Corrective action has been taken to enrich the mix of business undertaken and selectively enhance margins, and on current indications the second half should see a strengthening of bottom line performance. The Engineering Division saw turnover climb to £4.24m, up from a level of £3.1m in 2005. Pre-tax profit was modest at £137k, but a welcome turnaround from the loss sustained in 2005. The current order book in this division is encouraging and indicates a significantly more profitable six months in the second half. The Boards & Panels Division comprising the newly re-branded QK Honeycomb Products Ltd saw sales up some 6.5% on 2005 but with a more modest profit figure recorded due to competitive margin pressure. In overall Group terms, the second half trading is currently expected to be stronger largely on account of the BSP order book within the Engineering Division. Bank borrowing is anticipated to reduce in the second half on the back of positive cash flow. It is thus the Board's intention to pay an interim dividend of 3 pence (2005 interim: 3 pence) which will be paid on 8th November 2006 to Shareholders on the register as at 13th October 2006. TEX HOLDINGS PLC CONSOLIDATED INCOME STATEMENT 6 months ended 6 months ended Year ended 30.6.06 30.6.05 31.12.05 (Unaudited) (Unaudited) (Audited) £000 £000 £000 Sales 16,830 15,907 31,685 Cost of Sales (11,234) (10,369) (23,491) --------- --------- --------- Gross Profit 5,596 5,538 8,194 Selling and Marketing Costs (445) (562) (1,000) Administrative Expenses (4,423) (4,189) (6,446) --------- --------- --------- Operating Profit 728 787 748 Finance Costs (197) (260) (436) --------- --------- --------- Profit before Income Tax 531 527 312 Income Tax Expense (153) (156) (100) --------- --------- --------- Profit for the Period 378 371 212 ========= ========= ========= Basic earnings per share 6.0p 5.8p 3.3p ========= ========= ========= Diluted earnings per share 6.0p 5.8p 3.3p ========= ========= =========
Tex Holdings plc Annual General Meeting - Tuesday 20th June 2006 Chairman's Brief Update on Trading Whilst the early months of the current year were disappointing as noted in my statement of April 28th, trade levels have picked up markedly in May and June. Accordingly, we are anticipating that the interim results for the six months to June 30th will be satisfactory and comparable with last year. The Group order book has built up to a current level of #11.5m, which is higher than usual and augurs well for the second half and full year. Our outlook on 2006 is thus more positive than when I last reported to you, and we are hopeful of achieving a better return for shareholders.
said results out in April on 10th. I'd be nervous right now if I held Tex.
What's going on....more buying than selling yet price has dropped around 10%!!
chart BO as well divi will give some support but you will never make a fortune here unless lumpiness from earnings disappears
bought a few today doesn't look unreasonable for a short term move to 140p
to be fair they did say that the new financial year had started more quietly than expected. thats why I wasnt tempted by the yield. i'm no longer sure that their mix of products can result in a growth story. dropped off my screen but good luck to all.
Aderemi, If you look at the selling volume when the MM's marked the shares down 30p, it was very low. That's why they are bouncing back up on very little buying i.e. the MMs are holding little stock. At the end of the day, I think the shares are fairly priced and we should wait for a trading statement in Nov. What bugs me however is how the management gave a completely different picture to the market within a very short time frame....i.e. things were looking good, dividend was up etc.....then all of a sudden,....oh dear things are not quite as good as we thought. Wild swings in the news is not good for investor confidence.
There is has been some buying today up 7%. Director buying? Am I missing something
Just in case you missed it. Tex down almost 20% (ouch!!) - I didn't even notice until after 4.30. ----------------- AGM STATEMENT Trading results in the first half have continued to be below expectation. Order volumes in the engineering division have fallen short due to currency pressure on export sales and delays in major contracts being signed off. In the plastics division, the problem is more one of margin pressure in a competitive market and in boards and panels, the loss of key retail contracts adversely affected budgeted profits. Accordingly, pre-tax profit in the first six months is presently expected to be significantly lower than in the same period last year. In the second half the outlook appears to be more positive and an update on prospects for the full year will be given when the interims are announced in November. ---------------- They might have 2more profit warnings to give, remember the old rule of 3.
What this stock really needs is higher profile. The majority of the shares are held by long term share holders. MM's hold very little.....thats why small volumes can a large impact on the price. A few more small investers taking an interest in the stock would a have a great benefit.
an L/c should be rock solid, but having personally experienced similar problem in africa, it might be that the Central Bank concerned couldnt immediately cover the forex position. having said that, the deal was sanctioned by UN and DTI, and 30%was received in July so I feel the risk is small. Trading in new year "quieter than expected" but if they get the expected orders, it will look cheap at 140p today. So - get in now ahead of the game or wait for interim ? Havent decided yet, but the 7% yield is tempting !
Interesting that they are just about the same level as when I started the thread and have been up much more. Outlook is uncertain and the market does not like that at the moment. Still watching but they are not as cheap as they were for my liking anyway. Yield still tasty and, to be fair, they have raised it, but I share Lasmo's caution for now.
doq, result out -- but since then the share has fallen to 140p compared to a nav of 150p or so. yield is at 6.6%. Outlook is not so great but do u think they are still a bargain.
Looks stinky to me. I speak to Tex yesterday however they "appeared" relaxed. I did find out that the LC will expire in October....after which they would be in a real pickle.
I see Weir are having to investigate payments on their Oil for Food programme. Not quite the same as TXH problem but illustrates uncertainties with dealings in Iraq at the moment.
Lasmo, Not holding but still watching. Not sure what to make of this but the market definitely doesn't like uncertainty at the moment and as far as Iraq is concerned it could be even worse. could well be a buying opportunity but at the moment I am inclined to wait. I feel that it might pay with a number of stocks to wait for positive news to out even if it means missing the first part of a rise. UKC is another one today - down 17p initially but soon got half of it back.
Doubleorquits Are you still holding these? What do you make of the annoucement? 1.9 million Euros could be a big whole in the accounts? It is worrying to me for a couple of reasons: Firstly I would have thought that an international letter of credit (LC) gets released when all the terms of the LC are met....which could suggest that the scope of supply is in dispute. Second....why is the LC placed on their agents and not the company itself? Could this lead to non payment by the agent? What encourages me however is that they are obvisously hopefully of the money or they wouldn't hold onto the accounts....i.e. delaying the release of bad news normally makes things worse. If one truely believes that the money is forth coming,,,,should this be seen as a buying possiblity?
On the way up again! Looking at the trades the market is extremely tight. Any selling is being absorbed by the mm's. Let's hope there is some good news in the pipeline.
One thing I have picked is that Tex's has reopenned it's Philippines office. PS I know that the mm's were short on stock as they called my broker to try and shake out some shares. and Diogenes,....and even if the share price doesn't grow they are expect to pay around 10p divi...which say 6%....which is a pretty good rate of return in today's market.
Howdy, pardners. Nice results, on target, and there's always the possibility of one of those big far east contracts coming in, so I'm holding. (Not that I have that many, but they're doing OK.) I suppose another IC tip is on the cards now too.
lasmo, I bow to your greater knowledge of the share - the share certainly has broken out. I did offload some after the IC tip but it looks as if there is still some way to go.
Doubleorquits Having held these shares for many years I maybe have a slightly bais view ...however there are a number of elements which could really get this share motoring. - Tex has had good expansion of it's core business (especially plastics, boards and pannels). - price has broken out of it's traditional 150p ceiling - far east contracts look like they have a bit of new life - greater share holder basis and finally ...the mm's are really short of stock. I was tempted to sell on the news ...but having been in for so long and the results being so's seems plain silly to cash in now.
Nice bullish statement this morning. Expecting to "comfortably" beat H2 for last year and an increase of interim dividend by 40% or so with sales looking up. EPS of 7.3p at the halfway stage makes the full year figures look promising with the statement that accompanies these results. I am now expecting EPS to come in at the top end of my estimates above - 10 or 11p FY dividend two times covered implies a figure of at least 20p EPS to me. A PE of 10-12 makes the 240p target very reasonable especially with gearing expected to fall to 30%. Share rising in agreement ;0)
Results tomorrow so we will soon see where we've got to.
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