Thorpe (f.w.) Share Discussion Threads

[apad] 13/10/2013 12:42

[...]

is a better commentary I believe.
apad

[hastings] 13/10/2013 11:03

May be of interest.

hxxp://www.privatepunter.co.uk/Behind-the-Scene/shining-a-light-on-thorpe

[jaf111] 22/9/2013 10:51

Bid offer spread still a problem despite 1 for 10 split.....very frustrating since it clearly discourages trading.....BUT this is certainly not unique to TFW, and as has been said before trading seems to happen regularly well inside the "quoted" bid offer spread.

Lack of broker coverage / profit forecasts is also an issue....hopefully our resident expert davidosh will provide a comment on the results / future outlook in due course....his comments are invariably worth reading.....where are you David??

[martinc] 20/9/2013 14:47

Much better sounding than I feared.. will continue holding!

[jaf111] 20/9/2013 13:58

and now starting to move up nicely.....delayed reaction to results???

[solarno lopez] 20/9/2013 09:09

Fully agree JAF

[jaf111] 20/9/2013 09:07

Solid results...have bought in today at under 116 (bid offer showing 112 - 120)...and my trade shown as a sell!
Fingers crossed!

[hastings] 20/9/2013 06:58

Good point VNP, it should be far more liquid after the split process. My guess is that you could probably get inside the quoted offer, but that is only a guess, ratger than an informed opinion.

[gengulphus] 13/9/2013 18:50

Yes, 16.17% yield and a P/E of 1.24 is just a bit too good to be true! ;-)

Gengulphus

[turnerpa51] 13/9/2013 15:05

many thanks Gengulphus the price history seems to have been adjusted but not the div history so I was confused! Cheers Paul

[gengulphus] 13/9/2013 14:56

Yes - see for details.

Gengulphus

[turnerpa51] 13/9/2013 13:43

Did the shares sub divide?

[martinc] 06/8/2013 17:03

Let's hope their results start to look a bit better though.

[coolen] 06/8/2013 14:51

Now qualifies both for ISA and IHT relief. Sub-division of shares shortly.

[ccraig69] 06/8/2013 13:05

Nice moves over last few days

[coolen] 11/5/2013 21:02

MartinC, you are not alone !

[martinc] 10/5/2013 22:37

Am I the only person to be a bit puzzled, but pleased, that these have shot up to new highs shortly after disappointing results?

[davidosh] 20/3/2013 13:22

Thorpe could afford to pay a 50p dividend and still increase it every year for the next ten as they have so much cash on the balance sheet. The dividend is covered six times from memory which is far too much with no debt to worry about and in the right taxation environment this would be a very high yielding stock. They pay a special dividend every few years when tax rates are not so high on dividend release.

[coolen] 20/3/2013 12:49

Thorpe is bumping up the dividend because the yield on the shares [after their meteoric rise] is "now so low"!

Is this a first from any listed company ?

[pugugly] 20/3/2013 11:13

davidosh:. You are right but i was just going by topline and the relative p/e ratio's Maxwell was only sold for £6.5 million so unless a significant cost centre not apparently significant as receipt less than 5% of MV yesterday.

[davidosh] 20/3/2013 10:13

PUG....You cannot compare revenue and profits in 2008 and 2012 without extracting the Mackwell business that was sold in 2011 as it distorts those figures enormously.

Do not forget that the company has circa £35m of net cash too.

[pugugly] 20/3/2013 09:27

Looks as though competition is starting to bite - Turnover down - Forward visability poor. A worry that both revenue and profits have each only increased by less than 10% since 2008 full year accounts to full year 2012 and these interims reperesent a significant fall. While the share price had more than doubled - p/e (source refs) had moved from 7.2 to 12.7. Looks to me as thought the market was expecting too much.

imo; I would expect the share price to retrench significantly (say 25%+) back towards the nav of 570p unless there is a significant increase in topline growth.

Margins are excellent and significant investment in reseach BUT competition in the market place is growing significantly not just from specialists such as DIA but also the major lighting coys such as Phillips you are fighting back agaisnt potential loss of market share plus of course Chinese imports.

(imo etc - other views /)