Venture Life Share Discussion Threads

[redartbmud] 14/3/2017 19:46

HT

The accounts don't look too pretty, except for a big tint of red.

red

[redartbmud] 14/3/2017 19:40

HT

Agreed.
Currently no vacancies.

red

[apad] 14/3/2017 18:48

I sold Hayward Tyler when an engineer I was training phoned his mate at the company who told him that they had got rid of their experienced engineers and were buying in expertise.
That played directly to my prejudices!

The share price carried on up and I thought "Ah Well", or something like that.

Looks like those chickens have come home to roost with a vengeance. A combination of the context and emptying your business of expertise - in a tech. co. Priceless!

Shades of BP, too.

apad

[homebrewruss] 14/3/2017 18:08

Re Paul Scott, doubt he was hacked given the previous string of tweets and he's also sent some ill advised tweets before with a similar stocko layoff. He's probably either in remorse or in the dog house.

Hopefully he'll be back soon.

[apad] 14/3/2017 17:45

See what you mean about twitter, PJ.
Hope it was hacked, but no denial and about the same length of time he hasn't been on Stocko.
:-(
apad

[petersinthemarket] 14/3/2017 17:34

Took a small bite at Johnson Services JSG this week. Lots of debt but also taking in a lot of cash after the restructuring. 2% dividend payer - not sure that is sensible until they are profitable. I like the look of the chart. pete

[petersinthemarket] 14/3/2017 17:31

Something interesting going on at Hurricane HUR. It seems they have been registering a lot of new company names this month. No official explanation yet but plenty of guessing going on.
pete

[redartbmud] 14/3/2017 17:07

Oooh

Skg <1.49% on the day.
Must investigate further.

red

[apad] 14/3/2017 16:55

ppps
Currency weakness on Brexit might trigger some US M&A in O&G service companies.

[apad] 14/3/2017 16:47

ps
BUR getting lots of attention.

pps
Neary on Small Cap is good and has done a piece on BUR. Different style from Paul.

[essentialinvestor] 14/3/2017 16:31

Bought a small amount of DLG back, had not realised they were under 3.45.


Ignoring the noise- added to HSTN in several small lots today,
with the Dutch elections looming, Turkey, Le Pen .. may not be a great decision! ).


I have a very modest bet on Le Pen to win, think it will at least be closer than consensus anticipates.

[essentialinvestor] 14/3/2017 16:22

VTC just does not want to fall atm.

The oil drop is beginning to look a little ugly.

Sold the rest of my DLG this morning, gambling on getting back on the XD
at a decent price.

[redartbmud] 14/3/2017 15:45

WPP

Just a snippet:
Analysts at Credit Suisse lowered their target price on WPP's shares following revised guidance from the advertising giant. (On 6 March)
WPP's belated admission that growth would be less than 2016's 3.1% pace was foreseeable after it lost the VW and AT&T accounts, cutting 100 basis points from its forecast rate of sales growth.
WPP also admitted increased competition between ad agencies was hurting pricing power.

The loss of two headline clients isn't good PR, but that is the world of advertising.

red

[redartbmud] 14/3/2017 14:47

Crude falling, as are the US indices. Is this the start of a pull back?
Hmm....

The pesky mm is maintaining the big spread on RWS, even when a few sales, and no purchases, run through the system. Still holding off.

red

[redartbmud] 14/3/2017 14:39

APAD

That looks ok to me.
As I said, I took a simplistic approach using the Dec'15 accounts published on their website.
I didn't read any write up, that might have included some more explanation, I just took the figures as published.
The company obviously builds retentions into contracts that must be released, by agreement with the customer, when the contract is complete and the bedding in period has elapsed without problem.
A big factor Yoy were the 6 additions, of varying sizes, where the T/o was for a part year but the Debtors in the B.Sheet were those outstanding as of Y.End.

Either which way, there is not a significant variation Yoy, based on the company policy, and provisions for bad debts is running at similar levels.

red

[pj 1] 14/3/2017 14:35

Paul Scott seems to have disappeared recently after a very dodgy tweet last week, unless he was hacked?

Or has be blocked me?

[apad] 14/3/2017 14:17

Thanks red,

This is the discourse between Scott and the company:

"We ran through the figures, and the way the company works it out, the figure for the recent H1 2016 results drops out at 110 days. This is based on using a £15.1m starting figure for trade debtors (the total is £17.1m, but that includes £2.0m of prepayments). Strip out the VAT and we get to £12.6m trade debtors (exc VAT), which compares with turnover of £18.5m. So I make that 124 days.

To arrive at 110 debtor days, the company makes further adjustments for a £0.9m large cradle installation, which was paid 6 weeks late, but funds received in July 2016. So this is treated as a one-off.

The company also works backwards from the period end date (add back approach), so this shortens debtor days a bit, because more was invoiced near the end of the period.

So the company reckons that its measure of 110 debtor days is an improving trend over 125 days at the last year end, and 138 days a year prior to that."

I shall have to think about it in the light of your comments. Doesn't seem to be at odds, just more detail.

apad

[apad] 14/3/2017 14:12

Moz,

You might like this:
www.ft.com/content/3c36717a-8891-11e5-9f8c-a8d619fa707c
no homespun wisdom though. I guess Terry Smith is the nearest thing to a guru I'll let into my playpen.

apad

[redartbmud] 14/3/2017 14:07

APAD
PTSG

There was a lot of corporate activity in the year. Turnover is for part of the year, but Debtors are the figure as of year end. T/o from acquisitions £1.35m: Debtors £1.35m
Being simplistic, and stripping out the figures for T/o & Drs the ratio of debtors to T/o Yoy is 38.04% to Dec'15 and 37.90% in Dec '14.

They identify Drs >90 days that are retentions considered collectable = £2.32m or 27.43% of Net receivables.
Debtor provisions w/o in '14 were £214k and provided in '15 £223k

A bit technical, but does that answer the question.
Can't cut and paste the analysis becaus ADVFN scrambles it.

red

[apad] 14/3/2017 14:03

PIs buying FARN ahead of FY on 29th March are pushing up the price.

I doubt there will be news that coincides with the FY so there might be a dip.

apad

[apad] 14/3/2017 13:54

Can't remember, Moz. Maybe something to do with income.
There has also been comparative figures on compounding (choose the period as usual :-)
Not bothered about looking further - not good at idols and heroes.
apad

[mozy123] 14/3/2017 13:27

Apad, agree re buffett he invented hedge funds with his first partnership model. He put up $100! His compounding record is fantastic tho. How does he not pay tax on the trades he makes with common stocks? I understand the gains on holding entire business - he doesnt create a taxable event buy selling them.

[apad] 14/3/2017 12:57

FWIW
I think the two equilibrium players model is now firmly entrenched and defines the range (which will become clearer over time).
Inside that range are the financial plays.
Moving the range (slowly) is the supply and demand.

Someone with more knowledge than I should be able to write an algorithm to predict the future - it'll be wrong, of course :-)

apad