PFD - Lateral Breakout?

Premier Foods (19th January 2015)

The chart of Premier Foods has been on my radar screen since the Christmas period, as the price gently slid (laterally) out through the gently sloping downtrend line that has been in place since last September. This line itself marked a more shallow downtrend than the longer running line, in place since April 2014 (see graph below)...

I'm interested in the 50 day moving avergae (blue line), which has just started to turn up and the fact that the downtrend on the OBV has also been broken (to the upside). Supporting this are buy signals on both ADX indicators (annotated on the graph).

Key Metrics

The key points, from the Key metrics (above) are:

• Low PSR (0.18)
• Low PE(pr) of 4.7
• Low PCF & P/FCF (1.559 & 1.646 [respectively])

However, don't forget to check out the share dilution as a result of the placing and rights issue (completed in April 2014).

RNS (Management Statement)

The following RNS states that Q4 Management Statement will be released on Friday 23rd January 2015. I also note that there is a link to a webinar... I might just listen in!

16 January 2015

Notification of Management Statement

Premier Foods' Quarter 4 Management Statement for the quarter to 31 December 2014 and summary results for the 12 months to 31 December 2014 will be released at 7.00am on Friday, 23 January 2015.  This will be followed by a webinar for investors and analysts at 9:00am, hosted by Gavin Darby, CEO and Alastair Murray, CFO. The details are outlined below.

Webinar registration link:

www.premierfoods.co.uk/investor-relations/

Summary

Notwithstanding the mixed signals, it may be worth keeping a close watch on PFD in the next few months. What do you think?

Mick (19th January 2015)

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.