Tullett Prebon Share Discussion Threads

[gostevie63] 29/7/2014 07:15

Thanks lonrho.

Am I misreading something though? The Reported Basic EPS is 1.3p (2013: 18.5p), yet they are maintaining the interim dividend at 5.6p. How can that be sustainable?

(Genuine question by the way. I am not an accountant. Is there something in the notes that I should be looking at?)

[boonkoh] 29/7/2014 07:12

The dividend is still being held, which is not covered, but will prop up the share price in my view. Their argument of market conditions being challenging makes sense. We see it with rivals.I guess TLPR is now a bet now on whether market activity will increase in H2 this year, as if not, I can't see the FY dividend being maintained.

[lonrho] 29/7/2014 07:11

I would think not quite as bad as expected and cost cutting should help company make broker forecasts of 30p earnings per share for the year. P/E of 8 is cheap for a company that with current low volatility may be near the bottom of its business cycle and divi looks safe at least for this year.

[gostevie63] 29/7/2014 07:06

Any thoughts on this morning's interims?

hxxp://www.tullettprebon.com/announcements/investor/rannouncement/2014/RA20140729.pdf

Quite bad, bad, very bad, or frigging dreadful?

Gostevie

Disclosure: I hold shares in TLPR... for now.

[tom111] 28/7/2014 10:47

Surely all the anticipated news is now in the share price

[tom111] 26/7/2014 12:54

Decision time whether to get back in here Tuesday

[lonrho] 26/7/2014 12:11

results on tuesday profit will be down but as always key is whether it is better or worse than analysts expectations.

[grahamite2] 26/7/2014 06:09

Showing the third highest yield here, which will attract some attention from those who haven't even heard of the company.

[tom111] 23/7/2014 08:49

I understand FX investigations going on into banks,has this caused sentiment to sour.Still waiting on the side lines here difficult call to make

[lonrho] 23/7/2014 08:18

Well 2014 and 2015 analysts forecasts show a p/e in the sevens and a divi yield of 6.7%. They are cost cutting to preserve profits as turnover falls but I don't think anyone is sure how much of the reduced turnover is cyclical and how much structural. That said they are not financially stretched and so the divi should be maintained and with terry smith taking a back seat there is more chance of industry consolidation.

[kaffee] 23/7/2014 07:49

Lonro... And are they do you think? Certainly div is well covered.

[gostevie63] 23/7/2014 07:38

This just seems to be one of those shares that goes up and down like the proverbial prostitute's knickers for no apparent reason.

I'm not panicking, I just wish I had the skill and stomach to be able to trade these rises and falls.

[lonrho] 23/7/2014 07:02

I thought the old adage was that a share on a 7% yield and a p/e of 7 was a buy but guess that should also add only if the profits and dividend policy are sustainable.

[noslien] 23/7/2014 06:37

Never heard of that adage, and I certainly hope it doesn't apply here.

Interim results are due out next Tuesday; I only hope that the continued slippage in the share price is not an indication of bad news. Fingers crossed.

[kaffee] 23/7/2014 05:39

There is an old adage about a Company's Yield and PE Ratio being in close proximity to each other......

Hope its not so here!

[noslien] 22/7/2014 12:59

Not sure what is going on with this company. Yesterday Allianz upped its stake by 700K shares, and today we are down another 2%. What looked cheap is now even cheaper!

[topvest] 10/7/2014 19:35

Rather odd comment from BGC - surely it is a matter for Tullett to decide whether it is a waste of resources and they have another case to go! That sort of comment should be taken well by Tullett for the next trial and surely that's really not a very clever thing to say with one case still outstanding. Lets hope the judge makes it worthwhile next time!

[noslien] 10/7/2014 13:27

The separate action being pursued by the Company and certain of its subsidiaries against BGC Partners Inc. in the New Jersey Superior Court, alleging, among other causes of action, violations under the NJ RICO Act, is currently scheduled to go to trial in the autumn of this year.

[tom111] 10/7/2014 12:16

So they cant claim costs then,seems all a waste of time,and odd

[tom111] 10/7/2014 11:34

The sums involved are not earth moving,hence the muted response

[topvest] 10/7/2014 11:25

Yes, good news today and potentially more to come.

[tom111] 10/7/2014 11:14

A small rise on the strength of the Court Case result,but as you say Gliderpilot all hangs in the balance what you mentioned

[gliderpilot2002] 09/7/2014 19:49

I agree Tom. Not just an update, interim results and dividend announcement.

[tom111] 09/7/2014 14:30

tempting to get back in here,but I really don't know,wait for the update at the end of the month I guess