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Author truegent     View Profile     Add to favourites     Ignore
Date posted 2014-03-25 13:37
Subject Re: tomorrow's results   View parent message
Opinion Weak SELL
Votes for this Posting Voted UP 2 times.
well....there we go there were indeed exceptional items and also given the new issues of shares this has diluted an already weaker EPS than last year.

not a massive drop at all, 42p at the time of writing. however with EPS of 3.11 this gives a p/e of 13 and all of a sudden i start to lose interest.

also the big claim about debt reduction isn't as great as i imagined. short term debt has indeed been reduced but long term debt has increased. overall though there has been some debt decrease which is good. short term assets have decreased as much as short term debt has decreased so the current ratio has not changed, staying at 1. long term assets have increased by 2 mil but 1 mil of this is goodwill, so nothing for me to get excited about.

i sold my shares this morning at 43.5p but will continue to follow the sp. i think at a p/e of 9 i will buy back in, this will mean a sp of not holding my breath just yet....

good luck !
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