4158 days ago
As you may remember, fully listed Office2Office (OFF) issued a dire profits warning earlier this week at 5.31 PM. Its shares duly collapsed the next day to 44p but it is not without friends. Commissioned research outfit GE&CR duly urged punters to buy the stock with a 104p target if only for a 13% yield. You are kidding me are you not?
4338 days ago
Ruspetro (RPO) has already served up a profits warning in 2013 and for its timing as much as its substance it is already in line to win an award for the biggest shock of the year. The share price at the close on Friday was 83.5p, valuing the firm at £278.4 million but given that the release went live at 6.30 PM the stock will be hit hard on Monday. At what point should you buy if at all?
6.30 PM? Yes that is not a typo. To release a profits alert on a 3 day Christmas week is band enough. After hours is poor form. But to sneak it out at 6.30 PM on a Friday when the few people who were at work last week were already onto their third after work pint is quite shocking behaviour. A management team that serves up such an announcement will need to prove itself consistently for a good period to regain the trust of investors.
What makes it worse is what the statement actually said.
4338 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from him from TradingResearch Point…
As it happens I agree with his conclusion.
Kentz Corporation (KENZ) is a global engineering specialist solution services company providing full engineering, procurement and construction services (EPC) to mainly the energy and resources sector. The company’s niche and positioning is as a tier-two contractor and bids for small / medium sized projects where competition is relatively low. Over the years Kentz has become a global player and currently provides solutions with 14,000 employees operating in 29 countries worldwide. The relative strength of the oil price and Kentz’s global capacity in mining means that this company has delivered consistent sales, profits, cashflow and dividend growth since its IPO. A trading statement on November 12 indicated that nothing is changing in this respect. I would argue that a 381p share price (from a year high 490p) fails to discount this. Here is why.
4374 days ago
Shares in fully-listed marketing services group Creston (LSE:CRE) have not been a good share tip from me so far. They were recommended on t1ps – the website I founded in 2000 and departed in September of this year – at a share price of 107.5p in May 2011 and hit a subsequent high of 121p the following month. However, they then slumped to a low of 47p by the end of January this year as macroeconomic conditions took their toll. The shares have since recovered to a current 77.5p and a couple of days ago the company announced its results for the six months to 30th September. The following reviews these and the insight they offer on the current valuation…
4398 days ago
I recommended shares in the UK’s leading bakery retailer, fully listed Greggs (GRG) at 508p on t1ps.com the website I founded in 2000. The share tip came out just two months before my departure in September of this year. The shares traded above 520p as recently as 8th October but, following an 11th October trading update, currently trade at 470p. The following takes a look at that trading update from John Prescott’s favourite shop and what it means for the investment case.
