Tenobas
01 Sep 2015
Re: NEW ARTICLE: Trends and Targets for 1/09... The circled gap is due to a rights issue at £2.22.LOL
II Editor
31 Aug 2015
NEW ARTICLE: Trends and Targets for 1/09/2015 " ACAL PLC. LSE:ACL. Unusually we're going to revisit a sector called "Support Services." Last time we took a meander through a few sample companies, we were quite encouraged at their potentials if the sodding market would just show some ..."[link]
II Editor
31 Aug 2015
NEW ARTICLE: Trends and Targets for 1/09/2015 " ACAL PLC. LSE:ACL. Unusually we're going to revisit a sector called "Support Services." Last time we took a meander through a few sample companies, we were quite encouraged at their potentials if the sodding market would just show some ..."[link]
Tenobas
16 Aug 2015
Re: Edison - Q1 trading on track "Acal generated constant currency revenue growth of 51% in Q116, withunderlying growth in both divisions supplemented by the inclusion of theNoratel and Foss acquisitions (both made post Q115). Currency stillpresents a headwind, with sterling strength against the euro and Nordiccurrencies reducing reported revenue growth to 39%. Recent acquisitionscontinue to make good progress, and the company is seeing positiveresults from its cross-selling initiatives. We maintain our forecasts."Translation using released figures:Like for like growth will be 3%.Noratel like for like growth in Q1 was 7%, Foss presumably worse.Edison forecasts
3/15: Edison (PBT 12.4 EPS 16.4p) real PBT 4.3 Earnings 2.9 EPS 4.6p Tenobas EPS 3p03/16: Edison (PBT 14.9 EPS 16.9p) 03/17: Edison (PBT 16.2 EPS 18.1pNote from Edison: *PBT and EPS are normalised, excluding amortisation of acquired intangibles, share based payments and exceptional items.Note from tenobas EPS includes an allowance of 1m for actuarial deterioration of the 7.4m pension deficit.Taking account of bidding and acquisition costs I estimate the P/E for this share at 65.Aside from the Edison hype the pension situation looks dodgy:" IAS19 legacy pension costs of £0.4m" "Legacy pension (1.6m)"Does this mean they are matching employees contributions with 1.2m and paying 0.4m catch up?The latter figure is rather low. Why do they not reveal Gross Pension Liability, assumed RPI, discount rate used?The ongoing amortisation of acquired intangibles is 3m from 18.3m. The ongoing amortisation of goodwill is zero from 51.6m.
IOMINVESTCOM
31 Jul 2015
Edison - Q1 trading on track [link]
dokp
31 Jul 2015
Re: Great visual report on Acal Out of interest,how much are you paid, or are you a bot?
mcescher
30 Jul 2015
Great visual report on Acal I really like the presentation in this report. The future growth seems really exciting to me [link]
dokp
19 Jun 2015
Re: Edison In the last couple of days the chairman designate has resigned and the volume of shares traded has gone through the roof. Any body know what's going on?
IOMINVESTCOM
10 Feb 2015
Edison [link]
IOMINVESTCOM
11 Jan 2015
Acal expands fibre optics business - Telegraph [link]
IOMINVESTCOM
04 Dec 2014
Edison - Margin expansion on track [link]
