A Pretty Picture (23rd October 2014)?

Photo-Me International (PHTM) - AGM Statement

Today's AGM Statement paints a pretty picture for shareholders of Photo-Me International.

The Summary of the AGM Statement is shown here:

"The Group published an IMS on 12 September 2014 and is pleased to report that the positive trends mentioned in it have continued. On a constant currency basis, turnover in the first five months improved compared with the same period last year, and pre-tax profits have moved ahead strongly. The Group has performed well in this important trading period and the Board remains confident of the outlook for the full year."

Prior to the release of today's AGM statement, the share-price graph had been showing mixed signals (as annotated below)...

Photo-Me International (PHTM) - Mixed Signals on the Graph!

Will the share price rally from here, as a result of this positive AGM Statement? What do you think?

 Mick (23rd October 2014)

Redde : Preliminary Results (4th September 2014)

Excellent Set of Results from Redde (REDD)

Following a break out from the recent price downtrend (see graph below), Redde today released an excellent set of preliminary results.

The preliminary results included good news for those of us holding Redde shares, as a final dividend of 3.5p was announced (subject to shareholders approval). The section from the results, showing 2014 dividends is set out below...

Based on the current share price (as I write this), this equates to a 5.34% final dividend (making a 10.45% total dividend for 2014). Fair reward for shareholders I would say.

There will be more on Redde in the DIY-Investors Inner Circle Webinar this evening at 8pm. 

Orosur Mining - Results (18th August 2014)

Orosur Mining (OMI) - Preliminary Results

The full year results for Orosur Mining were released this morning - and make good reading, for those DIY-Investors that have been following this undervalued company.

The start of the turnaround can be seen on the Sharescope Graph (below)...

There is a new post on DIY-Investors about Orosur Mining HERE.

Dixons Preliminary Results (26th June 2014)

Dixons Retail (DXNS) - Profits Up!

Dixons released its preliminary Results today - with very impressive figures. The key financial highlights are set out below:

Financial highlights

• Total underlying Group sales up 3% at £7.22 billion (2012/13 £7.03 billion).
• Group gross margins down 0.2% in the full year, with an improvement in the second half.
• Total profit before tax after non-underlying items increased by 53% to £132.9 million (2012/13 profit of £86.6 million).
• Post tax non-underlying charges of £186.0 million, relating mainly to disposals of non-core operations. 
• Underlying diluted earnings per share 3.0 pence (2012/13 earnings of 2.6 pence). Basic loss per share including discontinued operations of (1.9) pence (2012/13 loss per share of (4.5) pence).

You can view the full results announcement here.

If you'd like to watch an inteview with Sebastion James (Group CEO), you can watch the video HERE.

However, in the long-term, will the proposed Carphone Warehouse merger be "diworsification" as Peter Lynch termed it? What do you think?

Photo Me International - MM Shakeout (20th June 2014)?

Is this what a Market-Makers Shakeout Looks Like?

The share price graph for Photo-Me International (PHTM) has looked very much like support would occur at the 200 day moving average. I wonder how many people (like me) had their stop loss set beneath this moving average, to allow the share price some "wriggle room"?

I also wonder whether the SP movement (on little volume - as evidenced from the graph below), caught many people thus triggering their stop losses (as mine was)!

Key Metrics (Sharescope)

The key metrics are interesting...

Of particular note are:

• Steady growth in eps over the past four years
• Increasing cash pile (past 4 years)
• Increasing operating margin (ditto)
• Cash-flow per share is more than double the normalised eps (great cash generation)!

Newsflow

One item of recent newsflow (5th June 2014) also caught my attention...

Could it be that shareholders will receive a special dividend on top of the final dividend, when the preliminary results are announced next Friday (27th June 2014)?

What do you think?

Mick (21st June 2014) - Happy Solstice!

Central Asia Metals (FY Results)

Cantral Asia Metals (CAML) - 16th April 2014

The Full Year Results released today, show excellent progress for CAML. the highlights are:

Central Asia Metals plc (AIM:CAML), a copper producing company, today announces its full year results for the 12 months ended 31 December 2013.

Financial: Results enhanced by acquisition of the remaining 40% ownership in Kounrad Copper Company

·      Gross revenue of $54.1 million (increase of 76%, 2012: $30.7 million)

·      Group EBITDA of $32.4 million (increase of 102 %, 2012: $16.0 million)

·      Operating profit of $27.9 million (increase of 86%, 2012: $15.0 million)

·      $27.8 million gain on fair value uplift as a result of the 40% acquisition of KCC on 21 October 2013

·      $14.1 million loss from discontinued operations (Mongolia)

·      Group profit for 2013 of $34.5 million (2012: $9.8 million)

·      Kounrad operating costs remain competitive and in the lower quartile of the cost curve

−      C1 cash cost of $0.73/lb (2012: $0.71/lb)

−      Fully inclusive cost in Kazakhstan $1.13/lb  (2012: $0.98/lb)

·      Cash balances of $44.5 million as at 31 December 2013 (2012: $33.9 million) and no outstanding debt

·      Proposed final dividend of 5 pence per share making a total for 2013 of 9 pence per share (2012: 7 pence)

·      $3.2 million for acquisition of 50% share in Copper Bay project in Chile

Central Asia Metals has been included in the DIY-Investors Portfolios for 2014. You can follow the progress of these portfolios HERE.

Is the 2014 Budget Good For DIY-Investors?

Free Webinar On The 2014 Budget & DIY-Investing

Following today's budget by the Chancellor (George Osborne), we've decided to run the next Free Webinar - this Friday (21st March, at 8pm GMT) on this topic. In particular, we'll be looking at whether the 2014 Budget is 'Good For DIY-Investors?'

You'll find a post on the 2014 Budget HERE, where you will be able to register for the webinar.

Mick (19th March 2014)

Is This Gonna Be a "Good Un"?

Orosur Mining (13th February 2014)

Take a look at the following graph...

 Then take a look at the associated Key Metrics for OMI...

Are you starting to see what I see?

If not, you might want to take a look at this post on Orosur Mining (5th Feb 2014)!

Nice Breakout (23rd January 2014)

ABG Breakout Today

African Barrick Gold (ABG) rose 23p (11.5%) today and in doing so, broke through the resistance line at 212p (see the Sharescope Graph below)...

Key Metrics

The Key Metrics also show the low price-to-Tangible Book Value (PTBV) and modest PSR (1.36), see below:

Newsflow:

The recent newsflow has been positive, in particular the news released on 21st January, the key highlights being replicated below:

Highlights

• Fourth quarter gold production of 165,374 ounces and sales of 168,177 ounces
• Preliminary fourth quarter all-in sustaining cost of US$1,171 per ounce sold, down 30% on Q4 2012 and 8% on Q3 2013
• Preliminary fourth quarter cash costs of US$774 per ounce sold, 19% lower than Q4 2012
• Full year 2013 production of 641,931 ounces with full year sales of 649,742 ounces, 7% above the upper end of 2013 production guidance of 540,000 - 600,000 ounces
• Cash balance of approximately US$282 million as at 31 December 2013
• The average realised price of US$1,251 per ounce over the quarter and US$1,379 per ounce for the full year were 26% and 17% respectively lower than the prior year

 If you wish to access the full African Barrick Gold (4th Quarter) Production Report (pdf), you will find it HERE.

You may remember that we previously posted (Gold in this Balance Sheet?) about ABG on 13th August 2013, when the price was £1.495. You'll find that post, on the DIY-Investors website Here, if you want to refresh your memory.

I believe that African Barrick Gold could be a real nugget (groan!!!) for DIY-Investors in 2014. What do you think?

Mick (23rd January 2014)