Thorpe (f.w.) Share Discussion Threads

[mark c graham] 16/12/2004 17:22

A 108,000 share buy today, which is one of top five biggest trades in this share this century. Also a 10,000 share buy at 355p, which is the highest price at which this share has ever traded.

I wish all my shares were like this one!

[cwa1] 16/12/2004 16:02

Nice little movement. Can only buy 150 online at the moment but can sell 15,000. Very tight market-and the most I have ever seen to sell online so far. Wonder if something is up?

[mark c graham] 25/11/2004 16:03

... or should that be quickly but surely?

[mark c graham] 25/11/2004 13:00

Slowly but surely ...

[mark c graham] 05/11/2004 15:18

That would do nicely!

[langland] 05/11/2004 14:11

This looks ready to blast higher again.... 350/360?

[mark c graham] 03/11/2004 13:53

Performance stats added to header.

[mark c graham] 20/10/2004 15:28

It's very gratifying, if rather mysterious. Volume is unremarkable (or at least that part reported so far is).

[langland] 20/10/2004 15:14

This is a nice surprise in what seems to be a pretty glum day.

[langland] 22/9/2004 07:52

Gone ex div today

[mark c graham] 16/9/2004 14:18

Forecasts added to header for next full year. Note that my turnover forecast is quite conservative. If they can maintain recent growth trends, they could beat these figures materially.

[kael] 16/9/2004 14:09

PE of 12 should give a shareprice of around £4. Convieniently, my target ;)

[mark c graham] 16/9/2004 14:05

Full year performance vs. forecast

Turnover : £37.8m actual vs. £35.1m expected
Pre-tax profit : £5.4m actual vs. £4.4m expected
Dividend : 8.6p actual vs. 7.2p expected
Cash : £7.6m actual vs. £8.9m expected
NAV per share : 209.7p actual vs. 206.2p expected

My turnover forecast was too low, operational gearing is high, so my profit margin forecast was too low and, hence my profit was too low.

My cash forecast was too high because capital expenditure was higher than I expected, and debtors/turnover rose to historically high levels.

[cwa1] 16/9/2004 09:21

very nice :-))

[mark c graham] 16/9/2004 09:01

Superb results and, as I'd hoped, a big move on dividends.

I'll review against my model and update my forecasts later today. Meanwhile, I've topped up again this morning.

[langland] 16/9/2004 08:56

Really excellent results.

[mark c graham] 12/9/2004 10:18

Kael,

A PE of 15 for this stock is probably ambitious, given its small scale, lack of analyst coverage, and unglamorous sector (it only makes lights, after all). As I say in the header, I'm aiming for a prospective PE of 12.

What makes the stock really interesting is the cash it holds and continues to throw out. Sooner or later, they're going to have to spend it or give it back to shareholders. The latter would be best, and I'm hoping for some good news on dividends next week.

[kael] 11/9/2004 17:26

Hi all, im intrigued by the valuation that this co. has. Why is the PE so low, given the growth that it is producing? The share price has put on an impressive performance over the last two years, but imo there is still much further to go. A historic PE of 12 is hardly demanding and is likely to drop to sub 10 at full year results.

If the figures in the header are correct, then a PE of 15 would place the share price at over £4! Am I missing something?

[cwa1] 10/9/2004 09:35

Hi Mark. Don't worry there are plenty of other holders watching and purring with happiness at the moment :-) You are not alone. Pity it takes imminent results to get this one going though. I have another holding, Carrs Milling(CRM), which has been becalmed for ages as well and has taken off over the past few days. It's a strange old game this shares lark :-)

[westcountryboy] 10/9/2004 09:16

Not the only one, Mark. Good, isn't it!

[mark c graham] 10/9/2004 09:00

Up again, shame I seem to be the only one at the party.

MMs' squeeze seesm to have eased - buy 1,000 vs. sell 500.

[mark c graham] 09/9/2004 15:16

Up again. Now they'll buy 2,500 vs. 250 sell!