Thorpe (f.w.) Share Discussion Threads

[hastings] 15/7/2014 08:37

Taking a look at this one today, that may interest others taking look
www.cambridge-news.co.uk/Business/Private-Punter/

[ygor706] 14/5/2014 14:13

Looks like the company has hoovered up all of the large sale that is showing up on the turnover figures at the end of the first week in May (just over 1% of the equity). Will obviously enhance future eps and at 125p it seems like a good deal to me. Hopefully, we should make some progress from here.

[coolen] 08/5/2014 19:59

The last buy-back was, I believe, from Simon Knott's Rights & Issues Investment Trust. Maybe this latest transaction will clear that particular seller.

[ygor706] 08/5/2014 16:37

Big chunk of stock bought into Treasury today with little movement in the share price Would expect some kind of movement over the next few days.

[ygor706] 07/4/2014 10:55

Sp been a bit weak since the results so have topped up. The news report about Hounslow resident's having to put up black out curtains/blinds up after the local authority installed LED street lights caught my eye last night (no pun intended). This particular council is obviously clueless as to how these things should be used but it is yet another indicator of things to come. Thorpe went from 25% to 35% LED in 2013 and there must be a massive potential demand for their services. Let's hope that they come up with some better designs than the Hounslow Council sub contractors!

[jaf111] 20/3/2014 15:43

Agreed....solid results and little or no reaction.

Positive write up from Paul Scott...I like his last comment

"That's good value in my opinion, for a quality business. I don't own any, but probably should, as it's very much my type of company."

[prop_joe] 20/3/2014 07:44

Results looked fine to me - steady as she goes.

[cwa1] 20/3/2014 07:27

Results out:-



CHAIRMAN'S INTERIM STATEMENT



I am pleased to say that revenues for the half year ending on December 31st 2013 increased by 12% resulting in a group operating profit increase of 7%. Investment income and other factors gave a basic earnings per share increase of 8% on continuing operations.



My last half year and full year reports explained a number of reasons why our 2012/13 year had fallen short of our expectations but I did indicate that order input had resumed to more satisfactory levels.



The general improvement has been seen in all parts of the business over the first six months of the financial year with the march of the LED light source being ever more prominent in all sectors. I can report that the group is currently producing 35% of its revenue in LED format, up from 25% at the turn of the financial year.



Group export efforts continue with sales growth in excess of 10% compared to the equivalent six months last year. Some notable successes have been achieved by Sugg in Canada, Solite in Ireland, Thorlux with a welcome modest step-change upwards at its German operation, improvements in Australia and better vibrations coming now from the Republic of Ireland.



Notwithstanding continuing investment in the design of these sophisticated LED luminaires and systems, the list of plant investments includes installation of the previously mentioned powder coating facility at Philip Payne and the £0.5m cleanroom facility at Thorlux to produce populated LED electronic circuit boards for the group. This line augments the small line previously reported as working 24/7 at the time of the last report.



Our quest for improved sales ability also continues with further appointments at field sales level both home and abroad, and further, at business development level in the UK.



A brief comment should be made at this time in isolation about TRT Lighting, our start-up street and road tunnel lighting enterprise. TRT, having completed design and tooling operations for its initial products, is now increasing production as orders gather pace, providing a welcome narrowing of group financial support.



In the light of the results outlined above your company will pay a dividend of 1.05p per share (Interim 2013 1.00p) for the half year to December 31st 2013, representing an increase of 5%.

Everyone can go back to sleep now :-)

[cockerhoop] 17/1/2014 08:19

ygor706,

I think a similar roll-out is occurring in the UK, local to me large areas of street lighting are being replaced with Led. Unfortunately too early I suspect for TRT to bid for the contract. They should though pick up a chunk of the UK business and the lighting heads have been well received and a good review in luminare magazine.

[ygor706] 16/1/2014 18:47

My understanding is that a Japanese study recently showed that if the authorities decided to convert all of the traffic lights in Tokyo to a LED system the total cost could be recovered in 2 years. All you need to know here really!

[cockerhoop] 16/1/2014 13:17

Seems only to be 3 buys of 2000 shares in a couple of minutes just before 12.55 (likely to be 1 individual). Doesn't take much to move TFW.

[jaf111] 16/1/2014 12:58

Sudden spike up....anyone know why? (not that i am complaining!)

[cockerhoop] 12/12/2013 12:15

Amazed it has has taken this long to edge up from the Agm statement.

Some excellent tailwinds for the current year:

1.Slow start to last year not replicated this so H1 has weak comparables.

2.Loss making divisions have been turned round.

3.TRT Lighting for which I have high hopes should require less support and appears to have great products.

4.TFW may be re-rated as an LED company rather than just a lighting manufacturer as proportions change quickly.

Also plenty of cash available for (Special) Dividends or Acquisitions

[davidosh] 12/12/2013 11:37

This is a quality company so always likely and the next set of results will look strong against weaker comparatives.

[solarno lopez] 12/12/2013 11:28

see what a double bottom does for you !

[martinc] 20/11/2013 13:26

"room for confidence" must be the TFW equivelant of a rocket

[coolen] 18/11/2013 21:04

Agreed Jaf, a subtle but definite improvement in tone since last prelim announcement.

[jaf111] 18/11/2013 09:16

As usual the AGM statement (last Thursday!) passed without comment from this board.....

Well just in case anyone is interested and missed it - the statement was very positive, especially for such a conservatively run company.....


"trading is giving us room for confidence."

[0rb1t] 27/10/2013 08:46

Have TFW just launched a new website?

hxxp://www.fwthorpe.co.uk/

[apad] 14/10/2013 08:00

Private Punter is a regular journalist on the local Cambridge paper and a well known blogger. He can be good, particularly on local companies e.g. Xaar.
apad

[apad] 13/10/2013 14:37

My take on Thorpe is that they will be spending a lot on product development to gain a foothold in LED, particularly for critical lighting. DIA had a setback on order flow in this field. So, I suspect shareholder returns will be reduced in this phase.
apad