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[5chipper] 12/9/2017 09:00

PBT FY 16 was £6.2 M with Underlying EBITDA of £8.2M - 100% rise on previous year

[mister md] 12/9/2017 08:36

The Board anticipates reporting underlying EBITDA and underlying PBT performances that are above market expectations

Anyone know what the market expectations are for profits ?

[rafieh] 12/9/2017 08:34

MMs are only reporting the sales this am! Yesterday afternoon they kept reporting lots of delayed trades.

[nw99] 12/9/2017 08:26

Agreed all in the price await director buy that will set a torch under it

[darola] 12/9/2017 08:20

It's probably pretty nailed on that they will beat market expectations for 2018. It seems odd that they have written it off so early.

[nw99] 12/9/2017 08:10

Buying here

[markycrispy] 12/9/2017 08:06

Let's hope the bounce is on

[ocaudillo] 12/9/2017 07:56

And folks, remember that the top ten holders have over 75% of this. I don't know what the free float is but it's going to be tiny. For those interested in the next 48 hours rather than the next 48 months, keep in mind that the moves are driven by a very small weight of money. Once one of your internet messiahs tells their people to buy, even a few tens of thousands of pounds will make this move quite hard once the sellers have cleared off. For the rest of us, I think this is likely to multiply quite nicely over the years from here, won't matter if you bought at 110p or 100p

[ocaudillo] 12/9/2017 07:51

@my retirement fund - the thing is, this is very unlikely to be overpriced. Quite the opposite in fact. It trades at less than 1x sales, makes pretty good margins and doesn't need much investment at all into the company. Even with no growth, this is far from overpriced. The chart won't look as perfect as BOO's after the drop but check back in here in 3 years.

[darrenp746] 12/9/2017 07:30

Expecting a bit more of a drop first thing followed by a bit of a recovery

[rafieh] 12/9/2017 06:25

Looks oversold and due for a bounce.

[masurenguy] 12/9/2017 00:59

Shares halve at Ultimate Products months after bosses take home £50m

Just over six months after listing in a flotation where senior management took home more than £50m, Ultimate Products issued a warning on growth that halved its share price yesterday. In a pre-close trading update, the company behind brands such as Salter and Beldray said that trading conditions had deteriorated to such an extent since the end of its financial year that it was unlikely to generate any revenue growth in the next 12 months.

The extremely bearish outlook from the company — which boasted of 22.3% revenue growth between 2014 and 2016 in its initial public offering prospectus — caused its shares to plummet by 106p, or just over 50%, to 104p. Andrew Gossage, managing director of Ultimate Products, who banked just over £10m at the float, said that the decline in performance in recent weeks had been a result of an overall “tougher environment” for general merchandise. He said that consumer discretionary spending was under pressure and rising food prices inflation was leading to lower confidence overall among shoppers, “which is inevitably being reflected in purchasing behaviour”. Other directors also made handsome gains when Ultimate Products joined the stock market. Simon Showman, co-founder of the company and chief executive, made £23.7m, while his fellow co-founder Barry Franks banked £13.1m.

Complete article here:

[markycrispy] 11/9/2017 21:18

markycrispy - 11 Sep 2017 - 13:06 - 298 of 329 - 0Am expecting a new low fake out then whooooosh The low has been seen in my opinion - if it breaks will be out probably but dont see it

[valhamos] 11/9/2017 21:07

"Why announce an AHEAD for the current year and a WARNING for next year when you are only 1 month in"

To rein in expectations about the extent that current year growth could be repeated.

[topvest] 11/9/2017 21:02

It was a very odd RNS. Why announce an AHEAD for the current year and a WARNING for next year when you are only 1 month in. Seems very very odd. Most companies would not be anywhere as honest, unless the wheels have really fallen off in 17/18 already. Put on my watch list, but never buy a profit warning on the day in my view. Plenty of time.

Is it just me noticing, or are profit warnings starting to come thick and fast?

[topvest] 11/9/2017 21:01

It was a very odd RNS. Why announce an AHEAD for the current year and a WARNING for next year when you are only 1 month in. Seems very very odd. Most companies would not be anywhere near as honest, unless the wheels have really fallen off in 17/18 already. Put on my watch list, but never buy a profit warning on the day in my view. Plenty of time.

[darrenp746] 11/9/2017 20:06

Bought in today at what looks like a fantastic price. SCSW mentioned growing quickly and more growth by acquisitions comparing possible growth to that of a small oil company striking big. Hopefully that's were the growth will come from. SCSW also declared that the editor holds

[silverlandfinance] 11/9/2017 20:04

The share price has been obstinately going down all day, admittedly on small volume sales.
My only fear is that they have overstretched themselves to finance the big rise in turnover/stock and also on acquisitions. Hopefully, the have enough bank facilities to tide them over this sticky patch.

[5chipper] 11/9/2017 19:43

Just had a look at major shareholders. Three directors own c45% of stock - very good sign.

Real shame to see Ennismore on the receiving end for a change :))

[markycrispy] 11/9/2017 19:34

Was in PFG in the same situation - buy the hysteria

[5chipper] 11/9/2017 19:22

Why has everyone got it in for Marky? They are only offering an opinion. What are everyone else's short term price predictions?

Been involved in a couple of companies lately where a mixed trading statement has led to 50-70% price falls, only for both to stage remarkable recoveries. Pfg up 80% & Rbg up 100% + & subject to a bidding war..

[ny boy] 11/9/2017 18:13

I think this is more about a reaction to short term headwinds, give it a month or so to settle down, not all gloom & doom.