"The number of companies recommended by the Decision Engine has shrunk to seven. The share prices of many of the 60 or so companies I follow have shot up, and in some cases my conviction has deteriorated.To start on a brighter note, though. ..."
Solid results as usual, and expressed in a way that investors can understand. I also like the balance sheet. Not sure if Unilever is a client of Leatherhead, but if so, that is another reason I am glad the acquisition by Kraft did not go ahead. It looks as though Science is setting itself up for another acquisition.
I've had another look at these today and decided to sell my small holding for a decent profit. Personally I think the price has got a bit ahead of performance although this remains a very good little company IMO.
I'll look to buy back in if the price falls to nearer £1 again.
Very pleased to hear the following comment in the trading update:
"Leatherhead (food & beverage) outperforming the Board's expectations in terms of profit contribution"
Sorry to repeat this again, but I am ever more convinced that the purchase of Leatherhead is going to prove to be a real bargain and will have a material impact on the company's future, but is not yet reflected in the share price.
Agreed, but according to my chart price already at year low.
Quite relaxed as in for long term at 86p and will be tempted to top up if it drops further.
A few respected fund managers are holding and, for what it is worth, Westhouse and Numis both target 177p.
Actually div not due until 10th June. It goes ex div next Thursday so expect a further price drop then.
This company provides various scientific research services, in particular testing and product development including in the trendy food analysis area. It also owns the freehold of Harston Mill in Cambridge, and rents out business accomodation there. There is also property in Epsom.
PER = 13
PEG = 0.94
Yield = 3% (due later this month)
We are approaching the annual low.
There is no debt.
Annual results in March showed static cashflow, and a small fall in operating profit but revenue up 10%.
Recent increase in holding by Hargreave Hale and Ruffer (for clients).
There have been a series of small recent acquisitions, each profitable and quickly integrated.
The Chariman is Martyn Ratcliffe, formerly of MCGN. He seems to be establishing a common pattern of shrewd management and growth by very selective acquisition. His record there suggests he is against shareholder dilutiuion and in favour of a steady yield.
This could be a slow burner, with decent dividends along the way.
SAG has fixed its AGM for 9.0am on May 19th at the offices of Numis, its broker, in the City of London. This may be a great company, but judging by the unhelpful timing of the AGM, and my brief dealings with the company secretary, this does not appear to be a company that goes out of its way to encourage private shareholders to attend its AGM. A pity.
I would certainly agree with your analysis Richard. I already own most of these companies (though not Goodwin or Dewhurst). I think investors would do well to note today's (3rd March) press release from Science which says "the potential synergies of the Leatherhead operations with Oakland and Sagentia have become increasingly apparent and the Group's existing offerings to the food & beverage market have been significantly enhanced by this acquisition." This is a very good sign, particularly as the company is often quite conservative in its statements. I reckon the money paid to buy Leatherhead under pressure of adminstration will prove to be a real bargain.
"This year, picking three long-term value growth prospects and three long-term value income prospects has been easier than in previous years. I've developed a "decision engine" to rank all the shares I track. The highest-ranking are those ..."
Hargreave Hale, the AIM specialist, owns about 10% of Science and I notice they bought another 8,000 shares just after the deal with Leatherhead was announced. 8,000 shares is certainly not a material number, particularly as they already own about 4 million shares, but it is quite difficult to buy a significant amount without moving the price too much and I would regard their latest purchase as reflecting their approval of the Leatherhead deal.
Excited about the purchase of Leatherhead Food International as the Leatherhead name genuinely has a global reputation built up over almost 100 years and is, effectively, a brand leader in food science with an unmatched list of blue chip clients in this field. I shall be very interested to see what happens when Science's entrepreneurial skills are applied to this company now that it is free from the "not-for-profit" shackles of Leatherhead Food Research. Watch this space.
"Like many professional and private investors I keep tabs on a large number of shares, shares that have particular qualities that should make them good investments. Our success as investors depends on the criteria we use to select the shares, and ..."
"After a cautious third-quarter update split opinion back in July, LSE:SAG:Sage Group has won the City over again with full-year profit that just beat forecasts. The blue chip accountancy software company also looks well set for 2015, according to ..."
"On Tuesday, Share Sleuth doubled up on its holding of Sagentia. It was a mistake. But it should end well.Yesterday, I misread this announcement. It says that following Sagentiaâs purchase of 1.25m shares, a buyback announced on Friday, the ..."
"Although the immediate outlook for profit is cloudy, shares in research and development consultancy Sagentia are probably cheap.Share Sleuth portfolio member Sagentia conducts research and development for a wide range of companies, and related ..."
* Bookmark the links if you wish to 'pass the LINK/s on'.... or read later?
Deramping SHORTERS !
Shorting a rising stock....is much worse when it is done by your resident posters that seemingly are your buddies and convince 'long' holders to give up!
What many pi's fail to grasp is the extent that shorting is taking place. Often we tend to think that the 'shorter' is gone, 'he' is out of the way? You'd be wrong in most cases, for ( he ), the shorter, is often joined by others that keep the stock down !
Some stocks fall after GOOD NEWS!
Shorting or normal profit taking?
The main reason for many pi's selling, is they are afraid they'll be left in losses AND because of the fear of shorters !
Consolidating shares often sees the sp fall as the multi-bagger potential is greatly reduced. Shorters know this and 'get their digs in' with a distinct advantage
Quindell has consolidated 15 for 1 and guess what? The shares are tanking! Probably being shorted again and not just by the professionals. Ordinary investors are having a go as well (if you can't beat 'em....?).
BUT, where does that leave the genuine investor that has put stocks like QPP into their pension funds?...holding losses again!
* Once pi's know the stock is being shorted...they'll SELL UP IN THEIR DROVES !
We can't both WIN !
The 'shorts' therefore 'win' their bets, whereas the 'longs' lose the best part of their investment, possibly for some time to come......and just when you thought this couldn't go any lower, THEY'LL SHORT THE STOCK AGAIN !
* Thanks for all your support. We are now heading towards 5,000 votes!
* Investors are saying something? They are voting in their hundreds !
# The big problem with shorting is that THEY (the shorters) WOULD most likely lose most of their money IF they just 'bet' on the price going down without trying to 'help' it down?
'Catch 22' .... No one would know of an RNS to be released that will contain BAD NEWS, if they did and then 'shorted' the stock, then they are guilty of 'insider trading'.
The only sure way to short a stock and WIN is to spread dis-information to defame the company with help from other posters that are in concert with them. To ENSURE that they don't lose the biggest part of their 'short', ironically, then, they must deramp with (seemingly) believable posts.
* When the pro's do it, they simply get the media or well known 'crooked' tipsters, analysts or brokers to do it for them. (say no more).
# The campaign against shorting is for the benefit of the 'cheated' investors that cannot control their investments due to the dirty tricks played out by co-ordinated shorting !
The results will be reviewed by Govt legislators for further action! The FCA will be asked by Davide Serra to conduct an investigation into short selling practices, with the view to either ban short selling, or to be better regulated !
i worked for them before they floated. remember the staff meeting where the chairman recommended employee shareholders sell. Those who ignored the advice made money.
Prof Gordon Edge passed away 26 Sept 2013, and was the founder of Sagentia. Condolences to the family.
On Monday 5 March 2012, Sagentia announced its results for the year ended 31 December 2011. The Company also announced its intention to seek shareholder approval at its forthcoming Annual General Meeting for a proposed Tender Offer to return up to GBP8.0 million of cash, to those shareholders who wish to participate in the Tender Offer, at a price of 80 pence per share.
Following consultation with a number of the Company's shareholders, the Board has concluded that there is unlikely to be a material level of participation in the Tender Offer and accordingly will not be seeking shareholder approval for the tender offer to proceed. Shareholder approval will however be sought for the Company to renew and increase its existing authority to enable the Company to purchase up to 15 per cent. of its issued share capital in the market, subject to usual price parameters and relevant conditions related to the waiver of obligations under Rule 9 of the City Code on Takeovers and Mergers. If approved, the Board intends to exercise this authority at its discretion and subject to prevailing market conditions, while continuing to pursue acquisitions which it considers value-enhancing for shareholders.
The Board have decided not to proceed with the tender offer as they believe not enough shareholders will take up the offer. I'm surprised that they ever thought there would be.
Good bounce back in share price on the news.
Like you silver tortoise I am out for now. I bought in last week, and managed to get out fast with a small profit just before the SP went down first thing Monday. I am not happy with the offer price of 80p when first thing on Monday the price was over 90p. What are they playing at?
For now I will concentrate on others ITM for one springs to mind plenty going on there, as always DYOR.
I am not sure about SAG i had intended to buy some earlier last week,but when i heard about the offer i`m glad i didn`t, do the more informed posters feel it is likely the sp could end up lower than 80p.I am really scratching my head with this one,which probably means i shouldn`t invest.
I don't think the results were strong at all. The second quarter showed weaknesses compared to the first, and the full-year bottom line and EPS were not as high as I was expecting based on the interim results.
Then there was the 'warning' that the profit margin will fall next year (not worded as such, but they said the current margin is on the upper end of what they are aiming to achieve and effectively said that it will fall).
Looking forward I don't think the improvements will be quite so rapid and so I'm out. I think the share price would have fallen further if it was not for the tender offer providing a strong support level.
Another strong performance with increases in profits, margins and cash flow.
I don't understand the statement about the proposed tender offer. The proposed price of 80p is 13p below Friday's closing price. I assume that's why we are down 7.5p today. Why would the Board expect shareholders to vote for a tender offer below the current market price? If shareholders wanted to cash in, they would be better off dealing on the open market.
Does this mean we can expect the price to fall further to the 80p level?
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.