Venture Life Share Discussion Threads

[essentialinvestor] 14/3/2017 12:53

At least I had a quick change on mind on SL., it's selling off quickly atm.

[essentialinvestor] 14/3/2017 12:51

APAD, it's interesting, not sure what is driving the US inventory builds,
could it be shale production being underestimated?.



BAB realignment presentation interesting, CEO presents.
No updated trading information given.

[apad] 14/3/2017 12:28

11.5% down on the crude index, EI.
I am not convinced about the current dip. If it is predicated on the Saudi gang not renewing the agreement, I don't see how they can do anything else.

I train engineers (ex SERCO) from AMEC - it has been interesting to sense the cultural drift over the years.
I think Wood with AMEC and Foster Wheeler is a problem in the making.
Of the general O&G service, HTG is the best bet, once the balance sheet has been repaired after the CAPEX splurge.

However, this drift might still feed down into the O&G engineers.

apad

[essentialinvestor] 14/3/2017 12:18

WG, some of those buying that early Monday bounce have been rinsed.


Oil on the slide again.

[apad] 14/3/2017 12:14

Beware Buffet, Moz, it's mostly image advertising.
Berkshire has enormous (compounded over a long time) tax advantages. Dig a little deeper and you find a different story on all sorts of fronts. Predatory on housing for the poor, etc.
apad
e.g.
At a hedge fund conference in Las Vegas, activist hedge fund manager Daniel Loeb, who runs the New York City-based fund Third Point, accused Buffett of failing to practice what he preaches. Without using the word “hypocrite,221; Loeb pointed to taxes, hedge funds and activist investing as issues where Buffett says one thing and does another. “He criticizes hedge funds, but he used to run one,” said Loeb. “He criticizes activists, but he was the first activist. He says we should all pay more taxes, yet he avoids them himself.”

[essentialinvestor] 14/3/2017 11:51

I was nearly 6.5% down on CPI at one stage last week, CPI Up 10% since Thursday.
Only have a handful, was not that brave.

[redartbmud] 14/3/2017 10:40

APAD

Out for now, putting out a fire for a friend.
Borrowed his computer to check how things are going.
Will look at in detail when I get home

I have a few Pru. That T Thiane who left for Credit Suisse knew what he was doing when he set the business strategy. Had I not been bank risk averse, I would have followed him.

red

[apad] 14/3/2017 10:37

pps (FWIW)

Top ten shares, EI, 80% of portfolio current value:
FEVR
BOO
ABC
RSW
BVXP
TSTL
SOU
PRV
SPX
AMS

Good to have you back. I used to look in to SHA years ago, but three weeks with nothing but football cured me permanently.

[essentialinvestor] 14/3/2017 10:28

Always appreciate a very good call.

[apad] 14/3/2017 10:26

I can take any number of compliments, EI :-) It is a type of share I like. Easy to understand and well managed. To be honest I take a lot on trust now and look for anomalies, and then for an explanation.
Strange how "We spent £400k assessing an acquisition and then changed our mind" engenders confidence rather than "Really, couldn't you have decided for a lot less than that"

BUR was an IC tip, red and Dave - I suppose they have to be right occasionally. But I do begrudge the bunch of nitwits!

red,
I am assuming that the ridiculously long wait for payments that PTSG describes as normal for the industry will 'smooth out' in the current results. Does that make sense?

apad

[essentialinvestor] 14/3/2017 10:11

APAD, you made a stunning longer term call on AMS, your gains are
very well earned as you identified the potential.

[essentialinvestor] 14/3/2017 09:16

AMS has been a phenomenal success, that is another company where I underestimated
potential, underestimated is being very kind.


On a more positive note DLG hit my short term target this morning,
sold a few.

[discodave4] 14/3/2017 08:56

Thanks red.........ssshhhh only 4.4% now!DD

[apad] 14/3/2017 08:45

AMS
Up 100% the previous year, red :-)

It's in a good sector, looking for acquisitions and not being generous with the divi.

Good, innovative products.

Next year it should get some currency benefit.

Nice long-term share price graph, but no afterburners.

£500m market cap.

I've bought-the-dip five times - it's a classic company for this technique.

Maybe for top-slicing too? Might miss the takeover or acquisition though.

apad

[redartbmud] 14/3/2017 08:20

APAD

AMS:
Net cash Y.End £51.1m (£34.2m) +49%

I like.

red

[apad] 14/3/2017 08:13

Looks like u wer rite on SUN, H. New management has done a decent job.

apad

[apad] 14/3/2017 08:12

AMS
Interesting:
"Our regulatory approval process for LiquiBand® in China has continued to be challenging. Having resubmitted our files to the Chinese FDA further extensive Chinese based clinical trials have been requested. As there is a lack of clarity around the nature of the trials we have decided to cease the process until there is more certainty around what is required for approval."

"We have delivered a reported 20% revenue growth, 13% at constant currency, with good profitability and cash generation during the year."
Heavily hedged!

Aborted acquisition suggest cautious management.

FCFf down a little but last year flattered by a significant decrease in trade and other receivables. I think I must look again at how I calculate this as I am interested in bad debt and companies manufacturing for stock they cant sell. Other than that I am not bovered.

Net Cash (£m) 51.10 34.20 17.30

Creditable performance and US doing well - nothing to frighten the horses.

I don't expect the market to get excited. Back to sleep.

apad

[redartbmud] 14/3/2017 08:07

DD4

+6% well done!

red

[discodave4] 14/3/2017 08:00

redYep, PE only 16, PEG 0.2APAD - Been FREE for a while.DD

[redartbmud] 14/3/2017 07:46

Burford Capital Limited ("Burford" or "the Company"), a leading global finance firm focused on law, announces its financial results for the year ended 31 December 2016.
Highlights1
· 75% increase in net profit after tax to $115.1 million (2015: $65.7 million) and 61% increase in operating profit to $124.4 million (2015: $77.2 million), contributing to a 21.1% ROE
· Income increased by 59% to a record $163.4 million (2015: $103.0 million), driven by 60% increase in income from litigation-related investments to $140.2 million (2015: $87.9 million)
· Earnings per share rose 68% to 53¢ (2015: 32¢)
· Strong organic cash generation, with record investment recoveries of $216 million (2015: $146 million)

Fair to middling, wouldn't you say?

red

[hydrus] 14/3/2017 07:36

AMS - EPS growth of 10% but on PE ratio of 30......SUN - good results, positive outlook. No reason to sell

[hydrus] 14/3/2017 07:33

And over 5 years Petlover! Hilarious really.

[djbilywiz] 14/3/2017 07:02

Many thanks Apad.