Impellam Group Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9106469 Last updated at 3:42 PM on 28th December 2011
http://bit.ly/w1I97i By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=9106469&action=detail Wed, 28 Dec 2011 15:56:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9104927
HOW MANY OF YOUR STOCKS ARE ON THIS LIST? Some of my favourites are there,IPEL and including No. 28 VALiRx, which completely took me by surprise!

http://uk.finance.yahoo.com/news/aim-stocks-once-again-dominate-102943327.html
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The Mail..
....Some interesting and relevant articles from the Mail On Sunday re- The economy, shares,
interest rates...what next for 2012?
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Markets/Eurozone Crisis
http://www.dailymail.co.uk/money/markets/article-2078156/AIM-market-hit-eurozone-crisis-investors-prefer-play-safe.html
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Credit Crunch-warning
http://www.dailymail.co.uk/money/news/article-2078467/Credit-crunch-How-protect-money-experts-warn-real-possibility.html
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The Next Recession
http://www.dailymail.co.uk/money/news/article-1616085/Economy-watch-Is-Britain-heading-recession.html
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Interest Rates-predictions
http://www.dailymail.co.uk/money/news/article-1607881/Interest-rates-News-predictions.html
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where next for shares in 2012
http://www.dailymail.co.uk/money/investing/article-1619305/Stock-market-predictions-What
By dickie3times ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=9104927&action=detail Tue, 27 Dec 2011 23:42:00 GMT dickie3times tag:iii.co.uk,2003:tst.8771304 Wednesday, Sep 21 2011 by ExpectingValue
http://www.stockopedia.co.uk/content/september-value-stocks-five-to-watch-60343/

Last month, I decided to begin listing value stocks I was interested in - ones that I perhaps hadn't covered yet, wasn't planning to for some reason, or numbers that just caught my eye as I cast my gaze down my various screens. August's list was rather monumental - a feat that I don't think I'll be able to match for quite some time. As I'm looking for diversity, most of the value stocks I discuss became cheap because of both a combination of company specific and sector-wide factors. But it'd surely be no fun if my 'value list' entirely comprised of all the UK housebuilders trading on small tangible books - that doesn't give anyone ideas, just reminds everyone that the housing sector is down in the dumps at the minute!

And so, this month, I've aimed for 5 companies in different sectors, giving different types of exposure, but with one common theme - they all look cheap on an earnings or assets basis. Upon further investigation, I'll probably find most of these difficult to invest in for one reason or another; but throwing them out here at such an early stage helps show what I look at and perhaps will give fellow investors some ideas.


Capital Lease Aviation

This certainly comes under the 'interesting' category! CLA buy (using a large amount of debt) aircraft, which they then lease to other companies - Thomas Cook currently in possession of 3 of their fleet of 6. If you've ever wanted to own an Airbus, then, here's your chance for a slice of that - and you're getting a slice off the actual value, too, as the business is trading for 57% the value of its net assets. The structure of the business means it's currently highly cash generative - depreciation is its main 'expense', with huge cash flow spikes as a new aircraft is purchased and extremely strong inflow otherwise. Realistically, I know I can't invest - I'd want far more knowledge about the depreciation of aircraft, and Thomas Cook being in possession of half their fleet isn't hugely reassuring. With no fundamental knowledge of the aircraft leasing industry, I have no idea how easy it is to renegotiate leases, and industry dynamics are especially vital in a company as leveraged as this. For anyone with that inside knowledge, it may be worth a look.


Begbies Traynor

Begbies Traynor look like a nice counter-cyclical play - potentially a good hedge for my portfolio, whose top three constituents (Barratt, Howden Joinery and N Brown Group) are very closely tied to the whims of the British consumer. They popped up on Twitter a while ago as a fellow tweeter asked for potential 'recession' stocks - ones that'd benefit from a double dip - and my off the cuff answer, sticking true to my value roots, was Begbies Traynor. This nature comes about from their business - insolvency, restructuring, liquidation and risk management. Essentially, their pool of business grows as the number of failing businesses grows. The balance sheet is surprisingly sound for a professional services firm (which usually have few assets and substantial borrowings) , cash flow looks strong, and profits both last year and forecast are good. Last year was marred by a number of exceptionals which more or less saw them breaking even, though, so that'd have to be an area for further investigation. Founder Ric Traynor still sits on the board with a substantial shareholding, which is nice to see, and the dividend richly rewards shareholders, though it was recently cut. Curiously, on the day of writing, the share price has fallen 11% on ostensibly no news. That may be the incentive I need to take a closer look - Communisis were a similar story, with one large and determined seller thumping the price down ~20% in one day. Of course, I need to be certain it's not just a large piece of information I've missed!


Topps Tiles

Topps Tiles sh By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=8771304&action=detail Wed, 21 Sep 2011 17:18:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8587047 http://bit.ly/p67qXq By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=8587047&action=detail Wed, 27 Jul 2011 22:25:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8075210
I think it's just a case of IPEL being under the radar screen (and under valued) IMHO. That said, generally when there is a big jump in a short space of time, it's not uncommon for stocks to trade sideways or even gradually drop back a bit. However, this one has a high proportion held by institutions and not much left for the rest of us (free float). Any price drop, like this morning, that is not on high volume is probably just the MM's trying to shake us out of the market for Impellam.

you also need to bear in mind that with only 45.1m shares issued improving results lead to increasing earnings per share. Last year, IPEL had eps of 46.7p and with projected eps of 59.7p (for the current year - a 27.8% increase), the current PE of about 8 looks very modest!

DYOR but I'm holding!

Regards, Starchaser2 By starchaser2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=8075210&action=detail Mon, 04 Apr 2011 10:52:00 GMT starchaser2 tag:iii.co.uk,2003:tst.8069160
The last report was back in mid-Feb; about the same time a Director off loaded a load of shares.

Still looks a bit undevalued to me though; even at this level. By trademap ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=8069160&action=detail Fri, 01 Apr 2011 21:14:00 GMT trademap tag:iii.co.uk,2003:tst.8050837
It's been moving up nicely over the past week. Any predictions for the next pause?

Regards, Starchaser2 By starchaser2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=8050837&action=detail Wed, 30 Mar 2011 09:57:00 GMT starchaser2 tag:iii.co.uk,2003:tst.7833164 http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=7833164&action=detail Sat, 19 Feb 2011 15:02:00 GMT decision decision tag:iii.co.uk,2003:tst.7811451 http://www.growthcompany.co.uk/news/1602463/profit-surge-at-impellam.thtml By petrit ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=7811451&action=detail Wed, 16 Feb 2011 11:19:00 GMT petrit tag:iii.co.uk,2003:tst.7809421 http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=7809421&action=detail Wed, 16 Feb 2011 07:30:00 GMT decision decision tag:iii.co.uk,2003:tst.7786455
I think that for a Company with a turnover in excess of £1billion and a very low PSR (around 0.08), coupled with improving prospects deserves more attention. In recent weeks, there have been some very good (upside) surprises in companies involved in the recruitment business.

Checking around, I've noted the following:

1. Sharescope rates it a "Buy"

2. Hemscott shows Cenkos Securities rating it as a "Buy" with eps of 43.3p forecast for the y/e 31.12.2010.

3. DIY-Investors have it as a sharepick for 2011 see: http://www.diy-investors.com/Research.html

I believe that the preliminary results are due out on Monday. Will it be a nice "Valentine's Day" present for us fans of Impellam?

Any views? Any one watching this board?

Regards, Starchaser2 By starchaser2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=7786455&action=detail Fri, 11 Feb 2011 17:26:00 GMT starchaser2 tag:iii.co.uk,2003:tst.7156506

DYOR By Untouchable_1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=7156506&action=detail Thu, 28 Oct 2010 16:48:00 GMT Untouchable_1 tag:iii.co.uk,2003:tst.7111740
£10.7m off the net debt in 3 months is a good performance. Will the SP respond accordingly in the next few weeks?

Perhaps I'll increase my modest holding.

Regards, Starchaser2 By starchaser2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=7111740&action=detail Thu, 21 Oct 2010 08:30:00 GMT starchaser2 tag:iii.co.uk,2003:tst.7090618
Will it go further? Any views people?

Regards, Starchaser2
By starchaser2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=7090618&action=detail Sun, 17 Oct 2010 18:30:00 GMT starchaser2 tag:iii.co.uk,2003:tst.6751120 lse.co.uk By horace678 ]]> http://www.iii.co.uk/investment/detail?code=cotn:IPEL.L&display=discussion&id=6751120&action=detail Wed, 11 Aug 2010 10:15:00 GMT horace678