Monthly Archives: March 2018

IAG looks like a buy to me

Prompted by a tweet from @wheeliedealer, I thought I’d add my tuppence worth: IAG (Int’l Consolidated Airlines) looks like a buy. P/FCF is around 6, yield is above 3%, and net debt is less than 3 times PBT. Its EV/EBITDA … Continue reading

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SPRP. Sprue Aegis. Investing is hard

I see that SPRP, “one of Europe’s leading developers and suppliers of home safety products” tanked today, down 26% to 140p. The problems: the Company is in breach of certain provisions … the breach is not curable and as such … Continue reading

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Delivery drones: surely the dumbest idea ever

The Los Angeles Times reported recently (http://www.latimes.com/business/technology/la-fi-tn-amazon-drone-patent-20180322-story.html): > Amazon patents delivery drones that can react to people screaming and > flailing Love it! > As described in the patent, the machine could release the package it’s > carrying, change its … Continue reading

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IGG – nice market reaction

Spreadbetter/stockbroker IGG issued a Q3 revenue update today, sending the shares up 5.1% to 860p. Revenues were up 30% against comparables. Blimey. > Following its call for evidence in the early part of the year, it is > expected that … Continue reading

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FXPO results

FXPO (Ferrexpo) published its results today. The share price wobbled about today, but eventually decided to finish up 0.9% to 304.6p. Free cash-flow is £177m ($250m, $353m operating flows, less $103m captial investment). Market cap is £1.78b, so it satisfies … Continue reading

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IMB: P/FCF<10

Crikey. Just looking through some Stockopedia stats, and I notice that IMB (Imperial Brands) is on a P/FCF of less than 10. I’m not surprised that it’s in Woodford’s portfolio. Debt is more than can be recommended for a “low … Continue reading

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MOSB – Moss Bros – Trading Update

Mens tailors MOSB (Moss Bros) issued a trading update today, sending the shares down 28% to 43.5p as of writing. The RNS contained the fateful words: the Board now anticipates that the Group will deliver profit at a level materially … Continue reading

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BMY – a little note

Book publisher BMY (Bloomsbury) announced an after-hours RNS yesterday, stating: > revenues are slightly ahead of expectations, profits will be well > ahead of the Board’s expectations. … net cash balance is now > expected to be around £25m, significantly … Continue reading

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DLAR (De La Rue) in the doghouse

Money print DLAR (De La Rue) drops 18% today to 489p. The RNS announces the resignation of one of the directors, and is currently expecting the result to be around the lower end of the current consensus range. So, the … Continue reading

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Mr Market is in an unforgiving mood lately

The market seems to be ruthless the last few weeks, and quick to deliver a smackdown where things have gone wrong. I was shocked to find that MCRO (Micro Focus Int’l) was down 53% to 881p today. It has a … Continue reading

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