Waterlogic Share Discussion Threads

[pugugly] 23/4/2007 09:43

Comment deleted after discussion;-

Edited:- See follow up comments in post 317 below:-

[steve133] 23/4/2007 08:58

hopefully that might be the last of the weak holders out of the way may even be rhps holders who got there rag over the weekend.A good buy op for new investors to take us forward

[sheik yerbouti] 23/4/2007 08:54

They saw the last of the RHPS sellers coming.

[philjeans] 23/4/2007 08:17

Market completely underwhelmed.

Hmmmm....still weak.

[corrientes] 23/4/2007 07:57

That short was a bit hasty don't you think leytonorient.LOL.

[corrientes] 23/4/2007 07:54

Good companies take business away from bad companies. LOL.

[leytonorient] 23/4/2007 07:43

Plenty of companies going under in the kitchen sector.
THe chart says something not good.

[sheik yerbouti] 23/4/2007 07:38

Historic pe of 9 then, dropping to 6 this year. Looks like RHPS punters have been mugged again.

[nurdin] 23/4/2007 07:36

In line with brokers estimates

[iandippie] 23/4/2007 07:36

perhaps corrientes. I saw the words "pull back", which to my mind indicates a drop! However, I see what wb means now! In relation the to recent price momvent.... Doh! Sorry, only had one coffee so far.

[wbjunior] 23/4/2007 07:34

I mean up of course, sorry if it was misleading, pull back up, regards wbj

[corrientes] 23/4/2007 07:27

Doesn't he mean the reverse ?

[iandippie] 23/4/2007 07:24

wbjunior - i wager that you are comletely wrong. I don't hold these, but I anticipate taking out a sb on them today. PBT confirmed as per statement back in March, and share price is much lower since then. How on earth do you consider that reason for the share price to go down today??!!

[wbjunior] 23/4/2007 07:21

Trading ststement confirms year forecast earnings, pull back today me thinks, looks cheap, good luck..................wbj

[robbiepaul] 21/4/2007 16:47

steve133,
maybe,maybe not.Both may have been shorted.I will keep watching here as CR seems to have the midas touch.

RP.

[steve133] 21/4/2007 16:45

must be the same at led then rob ''Looks as though someone knows there is a profit warning on its way otherwise the chart would be the other way around''!.we know rhps crew made the fall yesterday and those who bought in like the look of the chart because we are in near or at the bottom.

[robbiepaul] 21/4/2007 15:52

Nice chart.
Looks as though someone knows there is a profit warning on its way otherwise the chart would be the other way around.I think I will give it a miss despite the apparent anomoly between profit(if they make it) and Mckcap.

RP.

[masurenguy] 21/4/2007 14:38

leytonorient - 21 Apr'07 - 13:18 - 290 of 291: mASUREN, DO YOU KNOW WHAT LEVEL OF INTEREST COVER THEY NEED TO AVOID BREACH OF BANK COVENANTS?
...............................................................................

No I don't, do you ?
Are you suggesting that this is a potential problem ?
I agree with steve133 that with an share price close to NAV the downside risk is further mitigated.
Incidentally, there is no need to SHOUT !

[steve133] 21/4/2007 13:23

trading near net assets i cant see much down side here.people are buying there own council houses just to get on the property ladder. new builds are going up everywhere in my town and that's on old petrol station sites, waste ground etc...because there is no room more housing is needed. I should know up-until last year i was a self-employed carpenter from the ts:The Board
continues to evaluate other strategic opportunities within its sector and, with
robust levels of current business, looks forward to the future with optimism.

[leytonorient] 21/4/2007 13:18

Masurenguy - 21 Apr'07 - 12:28 - 287 of 289


Even with the hit to this years profit they can service existing debt at least 2.5 times out of earnings and with a forward PE of around 7 the current valuation is already deeply discounted.




mASUREN, DO YOU KNOW WHAT LEVEL OF INTEREST COVER THEY NEED TO AVOID BREACH OF BANK COVENANTS?

[cockneyrebel] 21/4/2007 12:52

Well John Lewis of Hungerford (JLH) had their highest ever H2 sales and highest ever H2 profits in the year ended.

Smallbone (SML) say orders are up 40%.

Waterline actually say sales have been in-line - up about 15% to 85m. But for the problems at the newly acquired Coolectric they would have made £2.3m. They are forecast to achieve that this year now with those problems dealt with.

The market cap is £8.52m. The pbt will be 2.3m. I defy anyone to show me a nother company on the UK Stock Exchane on that low a rating.

Top that off with a 4.25% divi that they have no trouble paying and earnings growth of 25% or so.

The fact is it's illiquid. While sheep keep selling 2K, 1K, 500, 700, etc that affects the share price more than the little punter might imagine. 2K moves an MM and there are only 3 mm's.

Pretty clear the bargain hunters are hovvering imo.

CR

[corrientes] 21/4/2007 12:39

This is just a repitition of what's been said for the last three year,similar to the continuing chestnut that house prices are going to crash.For some peculiar reason it never seems to happen !

[masurenguy] 21/4/2007 12:28

Are you suggesting that this company is in danger of going into receivership ?

Unless management are deliberately deceiving everyone (and there is no historical reason to assume that they are) the company should report circa £1.8PBT on sales of circa £85m this year. Their one off write down cost of £500K, related to Coolectric, will have reduced the original profit forecast by around 20% and the shareprice has already fallen by 25% in response to that news.

Even with the hit to this years profit they can service existing debt at least 2.5 times out of earnings and with a forward PE of around 7 the current valuation is already deeply discounted.