daw2905
30 Apr 2015
Re: Oh Dear Woodford may not have seen this coming, but he still has faith - apparently he's upped his holding from 15% to 16.5%
IOMINVESTCOM
29 Apr 2015
Paul Scott's view Benchmark Holdings (LON:BMK)Share price: 82p (down 26% today)No. shares: 219.3mMarket Cap: £179.8mProfit warning - if the share price drops sharply on a trading update, I rename it here as a profit warning, for clarity. Shares in this fish medicines group have dropped sharply this morning, although they've bounced somewhat from the initial spike down to 71p in early trading this morning. Bad luck to anyone holding this share - a lot of my friends are in this one unfortunately.I reviewed the 2014 results here on 27 Jan 2015, for anyone interested, and concluded that it was too complicated and uncertain a situation to be able to value the share with any degree of certainty. Hence it didn't interest me.The key part of today's statement says;5540a184e8dbaBMK_pw.JPGMore detail is given about how its Salmosan product is off-patent, and has suffered from generic products entering the market. That sounds bad to me - surely further declines are inevitable in the long run? The company says it has stabilised the situation by reducing prices, and introducing loyalty schemes. That's fine, but it sounds like a temporary fix to a more serious problem.Looking back at 2014 results, the other divisions were all loss-making, so if your cash cow is withering away, then there's a problem.Outlook - the Directorspeak sounds a bit more positive;5540a371ce8eeBMK_outlook.JPGAlso bear in mind that there was a large acquisition just after the 2014 year end, so I'm not sure what that will contribute to 2015 profits?My opinion - I remain of the view that it looks way too complicated for me, and would need a lot of detailed research to understand all the moving parts, and then try to estimate what their prospects are. That's far beyond my pay grade - I usually like simple, easy to understand, profitable companies, on a reasonable PER, so I'll pass on this one.
IOMINVESTCOM
29 Apr 2015
Re: Oh Dear Hi daw2905,I guess Woodford like us did not see this coming. Agree some bottom fishing going on with spread now 71 - 77Probably over reaction and by close Woodford may have taking opportunity to increase on his 15% position.GLTA
daw2905
29 Apr 2015
Re: Oh Dear I wonder if Woodford saw this coming? He doesn't appear to be dumping though, and there appear to be more buys going through than sells at the moment.
IOMINVESTCOM
29 Apr 2015
Oh Dear Profit warning with spread 70 - 73 down 34%Maybe a top up opportunity when the dust settles but not for me yet.
IOMINVESTCOM
23 Apr 2015
Woodford ups to 15% Nice to see in good company with the above. GLTA
II Editor
27 Mar 2015
NEW ARTICLE: A trio of AIM shares for your ISA "In the second article on potential ISA investments I am focusing on AIM-quoted companies that have strong growth prospects that offer value over the longer-term. Although it is easy to trade shares in ISAs these companies have been chosen as ..."[link]
IOMINVESTCOM
30 Jan 2015
Started a small position Decided to buy a few at 95.35
IOMINVESTCOM
29 Jan 2015
Paul Scott's view [link]
IOMINVESTCOM
28 Jan 2015
Anyone listen to Webinar this pm? Did anyone listen to this and have a view.Comments made by the directors that private investors ran scared and sold these based on only the headline figures instead of reading deeper into the reasons behind the results ie investment.Tempted to start a small position.GLTA
zulu principle2
27 Jan 2015
Sold Today Sold at £1.00. Have been considering selling for a few days as trailing stop loss was triggered.Will keep on watch list and when relative strength improves may buy back
IOMINVESTCOM
27 Jan 2015
Re: Tested to the downside today Dropped thru both of them - next 85p
IOMINVESTCOM
27 Jan 2015
Tested to the downside today Will be interesting to see where the SP finds support 98p or 94p based on loss rather than profit.GLTA
equity_dev
19 Jan 2015
Webinar with management If you would like to hear Benchmark discuss their full year results we will be hosting a webinar with company management on the 28th of January at 2.30pm. They will give a 25 minute presentation with an opportunity for Q&A at the end. If you would like to participate, please register now: [link] registering, you will receive a confirmation email containing information about joining the webinar.If you would like to submit any questions for management ahead of the meeting please send them to [email protected],The Equity Development Team
zulu principle2
08 Jan 2015
Re: bought at £1.22 what I look for when buying a stock at4 years of continual growth, can be a combination of historic & forecast growth – No 3 (1 Historic & 2 Forecast)Low Forecast PER (<16) & PEG (<0.7) and good EPS Growth (>15%) – NoBased on a price of £2.20 on 8th Jan-152014 EPS Forecast 3.25p EPS Growth 11.0% PER 36.1 PEG 3.28 2015 EPS Forecast 4.10p EPS Growth 26.2% PER 28.8 PEG 1.10Below are based on 2013 ResultsPositive 1 Year Relative Strength - YesPositive 1 Month Relative Strength - YesROCE of 20% - Yes 39%Profit Margin of over 7.5% - Yes 18%Cashflow Per Share greater than EPS around 1.3 - Yes 1.3Low Gearing – Yes 10% Director Share holding >10% - Yes 14% Quick ratio of > 1.0 but preferably >1.5 – Yes 1.3Dividend Yield (a nice to have) forecast – No8th Jan-15 Institutional Buying on 19th Dec-14 On 19-Dec-14 The below increased their holdings. The price on that day was 99p so I assume they bought them around that price.Woolford Investments Increased their holding from 9,314,250 to 31,845,063 shares 14.5% of company.This was an increase 22,530,813 shares totalling approx. £22,305,505Invesco Increased their holding from 15,500,000 to 29,000,000 shares 13.22% of company.This was an increase 13,500,000 shares totalling approx. £13,365,000The PER & PEG for 2014 & 2015 are very High and way above what I normally buy at.I have looked at buying these shares before but the valuations were too high as they are today.I bought a small amount 0.6% of my portfolio based solely on Invesco and Woolford Investments Increasing their holdings.See what I look for when buying a stock at[link] follow me on Twitter@GrowthStocksUK
