Thorpe (f.w.) Share Discussion Threads

[davidosh] 16/11/2012 09:46

I probably do not need to mention it but I think it is important to note that the company went through the downturn without any significant fall in sales and operating profits have never fallen all the way through. The dividend is very secure and many times covered and indeed the company has about £3 per share in free cash on the balance sheet. A large fall in share price on this news would not be merited therefore in my opinion.

[cockerhoop] 16/11/2012 08:15

I bet yesterdays seller at 810 is kicking him/herself - only a tiny trade though so not too serious :-)

[cockerhoop] 15/11/2012 17:12

It's a really strange statement, the AGM kicked off at the same time as the statement was released - 15.15. Would have loved to have been present to get Mr Thorpes definition of 'more moderated' in relation to trading this year.

From the AR we know they had a poor May & June followed by improvement in July/August but only improved to prior years levels.

My gut feeling from re-reading the statement is that it is sales growth that will be moderated and that sales are probably likely to bump along around last years levels with perhaps sales being slightly down on last years H1 which we're a fairly tough comparable.

Anyone attend the meeting and is able to give more informed info?

[shanklin] 15/11/2012 16:15

TFW have performed excellently over a number of years. However, it would be helpful of them to be slightly less mysterious about how business is going.

Is it sales which have moderated or sales growth?

Does anybody know whether sales are up, down or pretty much unchanged?

Please help.

[s34icknote] 15/11/2012 15:37

I would sell !!! Market is changing and that satement does not reassure !!!

[cockneyrebel] 30/9/2012 10:56

Saw these highlighted on my AIM thread by Davidosh.

One I held quite a while ago but let go. The chart is fabulous - if it breaks that 1160p high it's likely to have another big leg up lik the start of the year imo. I'll buy if it breaks 1160p

CR

[saucepan] 29/9/2012 23:00

Davidosh: thanks for highlighting. I have liked what I have subsequently researched and opened a position in consequence. It is a pity the thread header is not more up-to-date. Time for a new thread perhaps, with some better links and information?

[m.t.glass] 27/9/2012 14:59

testing that June 19th high..

[davidosh] 27/9/2012 14:39

This is the quietest thread on ADVFN but just though I would add some notes posted elsewhere about AIM companies paying a dividend.

Try FW Thorpe (TFW) who just had results out. Lighting manufacturer and exporter. Exports actual grew 49%. Very solid company and my second largest holding. Even though they pay a dividend the net assets still grow at more than 10% every year. They have stacks of property freehold assets too. EPS has just increased from 71.8p to 84.8p

Revenues growing

2010 47m
2011 53m
2012 56m

Profits (PBT)

2010 10.6m
2011 11.6m
2012 12.7m

Net Assets

2010 50.6m
2011 58.5m
2012 66.8m

The dividend went up 10% to 19.4p and it could easily do an IND as over one third of the market cap is net cash but the company are looking to do something more tax efficient for long term shareholders.

[davidosh] 15/3/2012 09:30

They really could pay another special dividend especially after the sale of Mackwell brought so much cash in too. I see some has been invested in a 999 year lease for the new manufacturing facility which certainly makes sense.

The second half is always much stronger which bodes well too. I like the overseas growth at 19%...great potential there.

This is my second largest holding and it looks like it will be staying that way. Well done to all the management team and staff.

[martinc] 15/3/2012 09:09

There's never much to say on the board.. you just put the shares back in the drawer for another year..

[westcountryboy] 15/3/2012 08:24

Half year results very good, share price in happy mode, and still noone on this board! The cash pile is now getting ridiculous: it is ten times what it was in 2000-1.

[davidosh] 01/11/2011 17:59

No posts for exactly four months so I thought it worth flagging up some bits relating to Thorpe....



The AGM is next week. Anyone from here coming ?

Here is a request from a fellow shareholder...

[davidosh] 02/7/2011 22:37

This is the Portland website...



and a few samples of the kind of outdoor lighting they do...



Looks to be quite a good fit with the various lighting divisions within Thorpe. I wonder what the financial details are to go with it although one presumes it must be relatively significant to merit an RNS. Has anyone seen the accounts for Portland ?

[cockerhoop] 02/7/2011 14:18

FW Thorpe Plc announces that it has acquired 100% of the issued share capital of Portland Lighting Limited.

Portland specialises in the design, manufacture and supply of sign lighting across a variety of sectors and is based in the West Midlands.

Does anybody have any info on Portland Lighting? It appears it files small company accounts at Companies House which I believe do not include t/o figures.

[davidosh] 04/4/2011 11:02

FW Thorpe announces that on the 1(st) April 2011 its director, Mr. Peter Mason sold 3,200 ordinary shares of 10 pence each in the Company ("Ordinary Shares") (the "Disposal") at a price of 760 pence per Ordinary Share.

Following the Disposal, Mr. Mason and persons connected with him remain interested in 165,137 Ordinary Shares, representing 1.41 per cent of the Company's issued share capital with voting rights.


I suspect Peter who retired last year as the joint CEO has just sold a few to take up his annual CGT allowance so nothing to read into that sale especially as it was less than 2% of his entire holding

[davidosh] 28/10/2010 17:09

I know this is a very quiet board but just wondered if any of you might be going to the AGM this year ? Four of us are planning to attend so I will keep score here and hopefully we can give the directors the benefit of a really good turnout to show our appreciation of the excellent work. A chance to meet the new FD too...

It is on Thursday 11th November which is Remembrance day so wear a poppy and the venue is Redditch so a trip for most but you can get to see the operations by turning up a little early on the day.

Intending to go so far...

Marben100
Dinocras
davidosh
Elwyn (TMF)

[masurenguy] 23/9/2010 09:38

Results out - yawn !

Preliminary Results
RNS Number : 1558T
Thorpe(F.W.) PLC
23 September 2010

Highlights:

* Revenue £55.6m (2009: £53.4m) 4% increase

* Operating profit of £11.2m (2009: £10.7m) 5% increase

* Profit before tax of £11.3m (2009: £11.5m) 2% decrease

* Basic earnings per share 70.1p (2009: 71.4p) 2% decrease

* Strong operating cash flow £11.5m (2009: £10.6m) 9% increase

* Total interim and final dividend 16.7p (2009: 16.2p) 3% increase

[masurenguy] 03/8/2010 14:05

Sleepy hollow without any share price action. Apart from a buying opportunity under 450p at the lows during Q1 last year, following the autumn 08 economic crash, this share is still priced at where it was around 4 years ago.

[cambium] 26/2/2010 16:27

hindsight hey!

there is more to come Mr Cool, my comments are on its thread.

[effortless cool] 26/2/2010 16:10

I think you should have bought it last year.

[cambium] 26/2/2010 15:58

they dont seem to be able to use it anywhere else and it is attracting little interest by there own admission, buy something or give it back, imv.

Thanks Mas.

Just bought BRK, have a look let me know your thoughts, cheers