Bought these some years ago at IPO. Waited a long time. Moved from Ofex to AIM 11/8/04. Now racing ahead, but I think still a lot of growth left.

EPS growing rapdly, Peg .30, Rolling Peg .32, Turnover climbing, profit climbing EPS up and up. Management seems to know what it is up to or against.



Unfortunately, my holding are outside a Sipp. But a beggar can't choose.



DYOH

nice rise on the price today.

A Mention in this weeks Shares Mag and Investors Chronicle should bolster the price mext week.

The Independant
By Derek Pain
Published : 11 June 2005

I first took an interest in Printing.com when its shares were traded on the fringe Ofex market. They moved to the Alternative Investment Market (Aim) last summer. When I alighted on them they were 30.5p; the price is now 51p. At least one influential commentator was rather disappointed by the group's performance. It was not strong enough, he opined, to justify the current share price. I disagree. Chief executive Tony Rafferty identified and exploited a revolutionary method of high street printing. Unlike its rivals, Printing.com shops do not print on the premises but transmit orders to its Manchester printing plant where the work is carried out and then delivered within a few days to the retailer.
The group now has approaching 130 outlets. They include company owned and franchised shops. By far the biggest retail spread, however, is made up of what are called bolt-on franchises where established printers offer the Printing.com service. A "significant wave" of new bolt-on agreements is said to be imminent. It also has international ambitions and has already set up shop in Dublin.
Rafferty has gone back to his early days to keep the domestic momentum going. He has launched what he calls "the guerrilla franchise".
Under this system a shop or printing works is not required. Instead, a business can be started from a small office or even a room at home. Rafferty knows from experience that such modest enterprises can be successful. After all, it was from a rented office, with just 5,000, that he started what has developed into an Aim company with a 22m capitalisation.

THIS WEEKS SHARES MAGAZINE - PRINTING.COM'S WINNING FORMULA:

The past 12 months have been memorable for Printing.com, In August 2004 , the company moved from Ofex to Aim. In May this year it won the HSBC award for enterprise at the Franchise of the Year awards. It has now capped this progress by reporting profits up by over 65% and paying a maiden dividend.
The Printing.com model is very simple. It relies on a centralised printing press in Manchester but a local selling organisation. Concentrated mainly on an ever-growing number of franchises and bolt-on stores. This strategy has proved very successful as the group can easily undercut other more traditional printers.
The Manchester Printing press specialises in full-colour printing, offering a Rolls-Royce service at Rover prices. Thus the group can print 10,000 leaflets for 135 pounds compared with 365 pounds charged by the competition.
Comparrisons are less favourable but still significant if the customer wants only two colours.
The group has a strong program of physical expansion. At the beginning of 2004-05 it had 20 area franchises open or under option and there are now 36. Each area franchise is then encouraged to attract further bolt-on franchise stores. Since the beginning of the last financial year there has been an increase of over 40% in the number of these franchises.
The group is anticipating furthe growth and expanding the capacity of the Manchester printing plant by 50%. This new printing press will be a 'double decker', allowing printing on both side simultaniously. The group will then be able to quote more competitive delivery times and save on storage space and labour.
House broker Brewin Dolphin Securities is forecasting rapid earnings per share growth to 3.7p this year (against 2.7p) and then to 5p next year. The dividend should grow from 1.5p and then 2.5p. This has encouraged Brewin Dolphin to raise it's target price to 65p compared with 51p now. The shares should yield 3.8% in 2006/07 and are trading on a PE of 13.
Shares says: The company is at the beginning of a long and profitable journey. BUY

I am suprised that nobody has picked up on these. On a 12 month low and a dividend attached also.....surely this is worth a punt...any thoughts?

I hold the shares, which I bougth at flotation. Perhaps I should have dumped early at baout 70p.

The drop is in response to trading announcement
"When reporting the Company's preliminary results in early June 2006, we referred
to current trading being mixed. Subsequently, trading has proved soft, resulting
in transactional volumes below expectations albeit still ahead of last year.
Trading in the printing sector at large is presently reported as being
difficult. Ordinarily Printing.com has been able to mitigate such problems.
However, this has been hampered due to resource being diverted in the short term
towards the major Hub development project designed to expand capacity, from
circa 20-25m to 40-45m of Total Retail Sales ("TRS").



They are also X-div. I think you will have to wait until interims to see uplift.

My guess is the results will be good and longterm holds is wortwhile. Could be wrong.

Fred, I struggle to see many competitors as visible as printing.com on the market...Is this correct?

Fred, I struggle to see many competitors as visible as printing.com on the market...Is this correct?

Any thoughts on this company? Surely a good investment over the long term, despite the recent trading setback?

Results are out on 21/11/2006. We will all have to wait. The charts shows only disillusion with the share. I still hold and expect reasonable results.

I have been watching this stock for a number of weeks and iin my opinion it is good value.

I hope you are right 8-)

back at a good price as the company keeps working hard in the background increasing branches and attempting to find the right companies that can make the breakthrough iInternationally. With the production facilities all now having been upgraded we should see the results show through in the next 12-18 months. The share price will then re-adjust.

New article, HERE

Now 27-29p had a small profits warning in Jan 2009.
At this level, the group is capitalised at 12 million, a modest discount to annual sales, and such a price/sales ratio below 1 is often a sign a company is undervalued.

This co has been well managed and I understand uses a franchise-model for the outlying shops.
If that's so, then the issue has to be the lack of decent-orders. In a recession the volume of print dries up and all general-printers are under pressure. Many of their offerings are widely available on the internet, so PDC is likely to be having to compete on price - but even so, the volume is down and techy printing equipment is expensive, so I expect the debt is hanging about somewhere....

Fred1new - do you recall what you paid(in 2005, 1st Post), - and have you taken a profit...? - (er, I hope so.)...

Bought at 22 3/9/00 Sold at 52 25/1/07 One of my better moves. But should have sold at 80p.

If you are interested have a look at crx, but DYOH.

Check growth rate!!

I found this audio interview with Printing.com

Its worth a click:

http://www.brrmedia.co.uk/event/98429/tony-rafferty-chief-executive