Venture Life Share Discussion Threads

[apad] 17/11/2017 18:29

You may well be right, madmix.
I just feel that I would be late jumping onto a bandwagon.

I agree (in principle) about the incorporation of the managers/owners point, Glaws2.

Still smarting from RWS going mad on a big acquisition. It and PTSG have/had a similar process of acquiring small companies in the same domain. It's a nice process when the directors have deep knowledge of the industry (as KWS seems to have).

In the meantime I am happy to accumulate FARN and BOO at these prices.

HLMA interims next week.In many ways it seems to be the gorilla of acquisitions.

GSK's weakness seems to be really deep seated.

apad

[madmix] 17/11/2017 17:20

Alas, I've not had a chance to watch the epic 2 hour KWS video yet.

"Looks like one I've missed out on." Despite their success over the past couple of years, it's still a sub-£1bn company. At the same market cap, BOO would be 79p and FEVR £7.88. Which is around the level I first bought into those two.

Plenty of room for further growth IMHO.

[glaws2] 17/11/2017 16:44

The KWS video seemed to me to be designed to convince the city analysts on the acquisition strategy - for those which have followed the company in detail it told us nothing new. It's still, though, impressive how many of the managers/owners of the acquired companies now hold the senior management positions in KWS.

[apad] 17/11/2017 16:39

I don't fully understand the Renishaw performance, YTD, Big7.
It had about 4 years of flat performance, so I suspect it is just playing catch up.
I have held it since the 2008 crash, when it went onto a three day week, so don't fret about it much.

Selling CRDA at 40% less than the current price taught me a lesson about specialist class acts.

It's in all consumers' interests for oil to be cheap!

apad

[big7ime] 17/11/2017 16:10

Stocks like RSW looking expensive imo, with a yield less than 1% now, high p/e and interest rates on the rise they must surely be topping out. I do not hold but if I did - would take profit
Oil is frustrating but I think it will come good, they will extend, no option
US production is overplayed as shale isn’t profitable at these prices and is short term but their preferred method is hostilities to boost price
It’s in nobody’s interest for oil to be under 60$

[apad] 17/11/2017 16:07

Tesla announces a dream truck (with a supercar inside) and suppliers to the conventional truck industry drop 3.5%.
Wonderful!

apad
"Gaffer Dazzler: an intricate, coloured diagram used to befuddle managers."

[apad] 17/11/2017 16:01

Watched the KWS video on piWorld, madmix.
Looks like one I've missed out on.
Compulsory tie free zone.
Impressive CEO.
Bit too much of a marketing video for me.
Look at how we want to buy the best and look how the best want to be bought by us.
apad

[madmix] 17/11/2017 15:05

I think we've seen a healthy correction in some of the best performing stocks recently. I could be wrong, but some of them are now showing signs of bottoming out. Hope so, as I've been buying quite a few things today (BOO, KWS, VLE, WJG, XLM) and yesterday (FFX, ZOO).

[hydrus] 17/11/2017 14:45

Alas ZOO didn't head lower now shooting up. Suppose it means I keep my 11p average on the plus side. A huge opportunity for them if they execute. Not many companies growing organically at > 50% two years in a row. Even EAH has turned blue - first up day since mid/late September!

[madmix] 17/11/2017 13:22

Apparently N+1 Singer have upgraded BOO to a buy today. Probably the reason for the rise.

[apad] 17/11/2017 13:08

www.sharescope.co.uk/philoakley_article181.jsp

[apad] 17/11/2017 12:24

ABC continuing to weaken.

apad

"I don't mind the despair; I can manage the despair. It’s the hope I can't stand."
Michael Frayn

[apad] 17/11/2017 11:32

It's just a useful tool for me, FELIX99. Doesn't mean that there aren't good investments in sectors I choose to avoid.
I had assumed CLLN management knew their industry.

From FT Alphaville:

"Some of the factors to which Carillion points are timing issues, such as PPP disposals, though having said that its negotiating position is not enhanced by a potential covenant breach but other are slightly more concerning, such as the lower margins in services. But the short term concern is the potential covenant breach which the banks will now need to consider. The implications go beyond Carillion as it is involved in several projects where the conditions might typically include joint and several liability on bonds and loans. The Aberdeen Roads project might be one such situation. We suspect that the banks will be as supportive as they possibly can in this situation, especially as an equity fund raising is expected, but the price at which funds might be raised has dropped substantially today diluting existing shareholders even more. And of course, the investment case will need to be re-inforced to stand any chance of getting equity. Much of that depends on the reaction today from customers. There is, no doubt, an extensive programme of calls being made as we write. To date customers have been supportive and, in truth, not much has altered other than the timing of some expected payments but it is enough to tip the business into a different financial situation. We expect the banks will be supportive and that stakeholders will concede that a deeply discounted rights issue will happen as the alternative is far worse. In the meantime the company is exposed to vulture and other funds who might see things differently and have the backing to take action."

[felix99] 17/11/2017 10:56

you will need to add CTO to your list then APad. £6.5m profit on £300m turnover - and that is them performing well with no banana skins.

[apad] 17/11/2017 10:34

CLLN under the cosh again - memo to self, add companies with large, low margin contracts to the off-limits list.
apad

ps
Unlike FEVR, madmix, where new competition from Schweppes has entered the picture.

[apad] 17/11/2017 10:25

Interesting comment from Malcy:
"....The belligerent Russians displayed a lack of working economic knowledge as they wanted to increase production to make more money and reduce costs, I assume that they can double production as if the deal falls then crude could be 30 bucks in no time…"

apad

[hydrus] 17/11/2017 10:13

Thanks APAD - for sharing although I think they just needed to fill some space up in their magazine. I do like the line.....we see no choice but to........offer no opinion.

[apad] 17/11/2017 10:08

IC on ZOO FWIW, Hydrus.

" Internal investments triggered Zoo’s pretax
loss, but the subtitling and dubbing
platforms look promising. Yet while the
shares are trading on an eye-watering multiple
of 137 times forecast earnings, we see
little option but to remain neutral"

I see 220p being easily achievable for BOO in the short term, madmix, because the story hasn't changed. There was overblown comment about margins that wasn't relevant as BOO is engaged in a land-grab. Kane's share sale probably spooked a few.
However the Xmas party scene is coming.

apad

[madmix] 17/11/2017 09:57

I also added some BOO earlier APAD. Showing some strength in a weak market.

[apad] 17/11/2017 09:39

Timing on increase in largest holdings of FEVR and BOO looks to have been good.

Never much liked the business model of taking over small undertakers, Hydrus.
Seen it fail to produce benefits in estate agents and in dentists - largely because of overpaying for the businesses.

apad

[hydrus] 16/11/2017 21:22

DTY looks like it needs to use its own services. Seems like I was right to dump it earlier this year.

[hydrus] 16/11/2017 21:05

If ZOO gets much lower I may have to add some more. Story intact. Comfortable with the AR point now. Everything else is just noise to be ignored.

[apad] 16/11/2017 19:13

ps

“The sea squirt, after an active life, settles on the sea floor, and, like a professor given tenure, absorbs its brain”.
Steve Jones, Almost like a Whale.

[apad] 16/11/2017 19:09

:-)

Well, I've distributed RWS and income into ABC/GSK/FEVR/BOO/FARN
Lack of imagination :-)

Here's my top holdings (in order):
FEVR
BOO
ABC
RSW
BVXP
TSTL
SPX
AMS
HLMA
PRV
DOTD
PTSG

22.1%
16.0%
9.9%
8.9%
8.7%
5.1%
3.8%
3.7%
3.5%
3.5%
3.4%
3.3%

apad

[thelongandtheshortandthetall] 16/11/2017 17:35

Samuel Johnson

Wrote a few funny things in his first dictionary.
One entry was something like this
Dull:
Not exhilarating, not delightful, as to make dictionaries is dull work.

Quite fun I thought.