" Last year's decision to shut its Swiss factory and move business to France distorted LSE:SCPA:Scapa's reported 12-month results. Strip out Â£5.1 million of associated costs, however, and trading profit at the tapes and adhesives firm grew by more ..."
Scapa Group plc 27.1% Potential Upside Indicated by Berenberg
Posted by: Katherine Hargreaves 15th April 2016
Scapa Group plc using EPIC/TICKER code LON:SCPA has had its stock rating noted as Retains with the recommendation being set at BUY this morning by analysts at Berenberg. Scapa Group plc are listed in the Basic Materials sector within AIM. Berenberg have set their target price at 300 GBX on its stock. This is indicating the analyst believes there is a potential upside of 27.1% from the opening price of 236 GBX. Over the last 30 and 90 trading days the company share price has increased 31.2933 points and increased 49 points respectively.
Scapa Group plc LON:SCPA has a 50 day moving average of 204.10 GBX and a 200 day moving average of 202.42 GBX. The 1 year high share price is 245 GBX while the 52 week low is 156.73 GBX. There are currently 150,942,761 shares in issue with the average daily volume traded being 361,839. Market capitalisation for LON:SCPA is £363,394,697 GBP.
Berenberg note this morning was in fact an upgrade in the SP, details below....
08:10 Broker Forecast - Berenberg issues a broker note on Scapa Group PLC
Berenberg today reaffirms its buy investment rating on Scapa Group PLC (LON:SCPA) and raised its price target to 300p (from 260p). Story provided by StockMarketWire.com
"We have delivered another set of strong results which are ahead of expectations as we execute our strategies for Healthcare and Industrial. Notwithstanding challenging global market conditions, we remain confident of achieving further progress through organic growth and acquisitions."
Scapa expects to report its full year results on 24 May 2016.
not much wrong with the results - business continues with self help in industrial and building on the higher margin medical. think an interim dividend would have helped to reinforce a positive message - but the company can use the cash more effectively than paying dividends. The rating is demanding and doesn't give any room for mistakes; they will be making more acquisitions and they have shown they can manage these well. Target price 230 next year and 270 in 2017. If the market can't see the positives - look to buy on weakness down to 170
Schroder stake is now below 10% and is being picked up by Blackrock. Once this overhang is out of the way which may take a couple of months can see this moving towards 150p. Currency effects of euro should be more than offset with $ exposure. Raw material costs should be reducing. Expect another acquisition this year - this may pause any advance but the management will not proceed unless the price is attractive. Solid hold and buy on any weakness.
"LSE:SCPA:ScapaÂ has delivered on the promise it made six weeks ago for good growth in first-half sales and profits. It reckons full-year results will beat expectations, too. In fact, these "excellent" numbers from the tapes and adhesives supplier ..."
"A short trading update from tapes and adhesives supplier LSE:SCPA:Scapa proves that the best things come in small packages. In just 109 words, management told investors all they need to know; and it's good news."Brief but delightfully positive in ..."
this post IMO pointless waste of time. ability to short and then spook PIs is part of the game - anyone investing should know enough about the company to adopt Buffet approach that while you are still buying falling prices are good.
* OFF TOPIC but important that all AIM investors understand the pitfalls of investing in stocks that are being shorted down to rock-bottom levels? So you think that is 'cute', now you can buy at the lowest sp for months.........you've gotta be kidding...read on:-
UPdate...epitition (closes 24th September 2014, so still plenty of time to get those votes in)
A lot of irate investors ... are voting for this campaign...?
# Thanks to all those that have supported this HMGovt epetition !
~~~~~ *3,890 voted so far~~~~~(That's a lot of irate investors?)
~~~~AND THEY CAN'T ALL BE WRONG ?
HMGovt epitition to make short-selling illegal (or better regulated?)
Good trading results - improvements may start to slow down a bit from here though but still firmly in the right direction. But they have got to sort their tax position which gave a big write off - this shouldn't be repeated.
Schroders are a big and persistent seller (now down to 16%) - will be more interesting to see who is picking up their stock at this level.
having started buying at 13p (a long time ago) - i sold some at 109 and 115 a while ago and will sell some more from 140 - 160 if it gets there.
I am not sure if the sale today of the american business contains all the absestos liability. If it does (the RNS was not clear on this) then the provision will be removed. This is far more significant than a couple of pence rise in share price today.
With the pension issue out the way - if they have got rid of the asbestos issues with this disposal - these are due for more significant rerating. any more information anyone?
The pension funding arrangements sound quite reasonable, and should remove large periodic contributions to the fund to reduce any deficit. This in turn should then allow more capital to be made available for expansion or returning to shareholders.
It will be interesting to see what the market reaction will be this morning, although I do not expect it to be much, if any.
Looking at the chart now it seems the August bounce was just correcting the dip below the 200 EMA.
The gains over the past year have been quite substantial. It does seem that the upward trend, and out-performance versus the FTSE-all share are continuing nicely. The brokers seem to be very quiet although there is no sign of a reduction in the 77p targets set earlier this year.
Well..... I have sold about a third of my portfolio on the basis I sat there like a pudding in 2008 and look at the rise in stocks since then as a 2nd chance... SCPA went down to 10p so maybe a low of 20 -25p this time I can't see any good news out there.
I'm sort of going on the theory that the 1929 crash was just the beginning and things slid up til WW2, I look at the jap market what was it 30,000 at it's peak decade+ later still at 9000.
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