I bought into this one around 25p. I was in because the Smurfit family (of Smurfit Kappa) had a large stake and I hoped they had plans for POWR. It has now announced a good profit rise and plans to grow by acquisitions. The dividend rise disappointed me - around 4% to approx 1.1p (it is declared ineuros).
I set a personal target of 42p and that is now within sight. The company is very small so I will leave the party if the price goes much above 42p. Otherwise I will stick around a bit longer in the hope the growth in earnings continues and is reflected in the div.
The shares were blighted by an enormous rights issue in around 2010. I think this is where the large Smurfit holding came in. If acquisition is the plan maybe there could be another rights issue. Certainly the share price makes acquisition through a share swap more feasible and I hope that would be the way things happen. It is quite nice to have a bit of diversification by way of a Finnish company.
I hold my shares in my ISA. I think the rules changed in the second half of 2012 making this possible.
Great to see director piling in.
Based on the look of the trades today I think we're about to see a few further RNSs about directors purchasing beyond their rights issue allocation, including one at 1.25m
I looks like they thought the 2p discount to the placing was too good to miss.
I've been out of this for 3-6 months months now (thankfully! - although wish I'd sold at 29p not mid-20s), but got back in on the post-placing drop. Numbers don't yet show it but I think this team will deliver long term and the discount to placing is an extra buffer. Up again from here I hope.
This one gets quite a lot of coverage on Investors Champion (www.investorschmapion.com). I see they put out a comment on 8th August following the interims. As they suggested might happen, Mr Smurfit has bought a few more shares recently!
I've had this on my watch list since tipped in Share Watch. They have done update write up last month after interviewing the company chairman Dermot Smurfit, who promised that the company was going to make an acquisition by the anniversary of their float on 11 May. The threats to the company are the increasing prices of Birch Wood which is on tight supply, and that they are exposed to the weakening dollar (one cent move down knock EU300k off profits)....... I eagerly await news of the promised acquisition, but feel that the price has drifted to the extent of making it look like an attractive addition to a growth portfolio over a 2-3 year period
This share has gone very quiet and just drifted, through lack of news / activity I think. Took the plunge here a few months back following a tip from a reliable source. The general view is that this share won't do anything until significant news such as an acquisition is on the cards. Anybody have any views to share. I am feeling at the moment that this may be a long hold.
Oh there is life out there!!!! I have seen this recommended in Momentum Investor also which has had huge success with its recommendations over the last few years. With Dermot Smurfit at the helm this is sure to come good. However it is quiet at the moment. The process is being streamlined I am not sure when the results are due to be announced?
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