Sunday April 20, 2014


A Money Making Idea based on Cats & my nervous Mrs - Luxurycathotel.com Ltd
UK Investor Show 2015 – First 21 Speakers announced for April 18: Get your early bird ticket NOW
The Gay Tory Researchers and their Orgies – the ONLY scandal is that the taxpayer is footing the bill

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

, , ,

Fiberweb - bank 37% gain and sell

Share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

I recommended shares in Fiberweb (LSE: FWEB) in August 2009 at 60p as the market looked to have overly discounted the company’s debt burden given its cash generation and I thought its markets close to the bottom. The company has subsequently sold the majority of its ‘hygiene nonwovens’ business and resultantly now has a net cash position. The shares currently trade at 70p, giving a market cap of £121.5 million, and, including dividends of 12.4p, I would argue that I have delivered a fairly decent return (37%). However, with macro economic recovery set to be gradual and drawn-out, the outlook in the company’s international specialty industrial and construction materials businesses is, I would argue, pretty uncertain. As such, there look to be more attractive plays on similar ratings elsewhere and so it is time to sell and move on. Here is why.

Read the full article on ADVFN | Comments
comments powered by Disqus
---

Register here for The Tomograph
Tom's newsletter with original articles and a free share tip of the week, not found on this website.

Video postcard from Tom

Weekly video postcard - Ukraine, blowback, UKIP and the Euros