OmniChart

PRV Hardboy 01 Dec 2014

Re: Pre close trading update Just doing some very rough estimates. The EPS is likely to be around 16.5 this year (based on earnings growing at a slightly higher % than sales) That puts the PE currently around 16. Because of the continued strong growth, Porvair's PE has been running at over 20 for years, so I'm guessing this is cheap.

SAV shedfull 01 Dec 2014

IF oil price stays low Then it has to be good for the world economy and that means minerals JIMO

PRV dave297 01 Dec 2014

Re: Pre close trading update My holdings are aid for & tucked away inside my ISAs & while the company continues to grow I have no plans on selling & will buy more on weakness,mt rationale being that ,while the growth story remains intact,our SP will be much higher at some point in the future

MDZ MANCHESTER2009 01 Dec 2014

delayed trades ...coming through08:31 0.67p 1,868,607 £12,443 Buy OK

LEG BOWOOD 01 Dec 2014

VS I think the forthcoming update on trading and the future of VS will push the sp to much nearer 0.20p

MTV fish lips 01 Dec 2014

Re: Happy Days Trying not to be too cynical, but 1000 units at $89.99 is hardly going to be a massive amount of cash to MTV after everyone else has taken their cut. They need to sell 10s of thousands if not more to start to make the market sit up and listen.If they stop taking orders in the next few days then I'll be impressed, if not then the alarm bells will start ringing that there is no market for it.

FDL Lspoon1 01 Dec 2014

Re: Possible reason ? DPPIn my opinion, you should not get your hopes up that the write down on Kleeneze is connected to a potential sale of the business.Sometimes a company will pay more for an acquisition than the value of the assets it is acquiring. It does this because it believes the value of all the intangible benefits such as reputation, staff, brand, contracts, clients and so on justifies the premium and that these intangible assets will generate substantial returns in the future. The surplus it pays is classed as Goodwill under Intangible Assets.When Findel bought Kleeneze it paid £19m more for the business than the value of its assets. Findel would be required to write off this goodwill (normally over a period of 20 years) which is referred to as ‘Amortisation’ in the profit and loss account. As long as management believe the value of the goodwill in the business is the same or higher than the value in the accounts they don’t have to do anything. If they believe it has been ‘permanently’ reduced they have to write off that amount. The most important word here is ‘permanent’. If, for example, the business had a bad year due to unusually harsh weather, it would not have to write-off goodwill because this would be temporary.The key issue here, and the one you need to address as part of your investment decision, is that management have effectively stated that this reduction in Kleeneze is permanent. In my opinion, the driver behind the share price decline is that the Board are saying they do not believe they can turn Kleeneze around in the way they believed they could a few months earlier. Hence the write down in goodwill.Investors were told that the Group was targeting a 7% - 9% operating profit on what they believed at the time was a Group Sales target of c£500m. The basic maths of this gives £35m - £45m of operating profit. The Board now appears to be saying it is selling Kitbag and the sales of Kleeneze look to be in terminal decline. These two businesses account for c£120m of sales. If the 7% - 9% is on the remaining £380m of sales then operating profit falls to £27m - £34m.The difference between these two profit ranges is around 22% which explains the fall in the share price since the announcement.

WRES wobblywebb 01 Dec 2014

TT have to agree with you. Mind you, i said the very same thing when the SP was higher. I think the p*ss has been well and truely drained off completely !!

ROSE Nunquam 01 Dec 2014

ouch !

PRV Hardboy 01 Dec 2014

Re: Pre close trading update Yes, and the usual "earnings will be slightly better than expectations" showing once again that they over deliver. Shows there was absolutely no reason for the recent price weakness, but I doubt we'll be back above 300 any time soon.

SER Nunquam 01 Dec 2014

all those panic ratings are mine

SER Nunquam 01 Dec 2014

sell price now 0.07.Dire.

BBY oldjoe1 01 Dec 2014

Re: BBY Have Assets Bid For.... <b>John Laing fund prepares £1bn bid for Balfour assetsJohn Laing Infrastructure Fund wants to buy the private public partnership portfolio of struggling construction firm Balfour Beatty.</b>by Gavin Lumsden on Dec 01, 2014 at 08:34John Laing Infrastructure Fund (JLIF + ) is making a £1 billion bid for the private public partnership portfolio of struggling construction firm Balfour Beatty.Following weekend reports the investment arm of John Laing, a rival construction firm, confirmed this morning that subject to due diligence it was making a non-binding proposal to buy the PPP assets in cash.Balfour Beatty (BALF + ) shares jumped 9p, or 5%, to 192p but after a string of profits warnings have lost about a third of their value this year. After resisting a takeover bid by Carillion in the summer it replaced all its senior management.JLIF shed 3p to 120.5p.According to reports the PPP portfolio has previously been valued at £1.1 billion and includes contracts to run student and military accommodation, roads and hospitals. This is a similar mix of assets JLIF already runs. The Guernsey-based investment company was spun off and separately listed on the London Stock Exchange in 2010,As with previous acquisitions, JLIF said it would finance the purchase by issuing shares to investors.Launched four years ago, JLIF is managed by David Marshall and Andrew Charlesworth. At 5.2% it is the highest yielding of four social infrastructure investment companies. It has generated a 13.5% total return for shareholders over three years.

MDZ MANCHESTER2009 01 Dec 2014

Heres the link... It is currently on the Mediazest site.[link] be an interesting week.

LAM ookyfly 01 Dec 2014

Re: Nomura maint 200p tgt Many thanks, Durby. Ooky