Why are we again at 10.5p bid?

It doesn't add up...

Good Results + Strong buying pre results + Christmas online buying soon = Price drop

Then again some companies that have debt for equity hanging in the balance, poor results and bankruptcy around the corner and they go up!

Why sell now at a loss?

Wont that be a kick in the teeth when we see 13.5p 14p again!

Best of luck all.

Fred

First question is which EPS are you talking about - are you using the basic or the adjusted EPS?

Last set of results gave a basic EPS of 0.5p and an adjusted (prior to ammortisation and exceptionals) of 1.4p. Hence on the basic EPS we are currently on a PE of 35.5.

The Daniel Stewart broker forecast I have seen is for a basic EPS of 1.06p. This gives a forward PE of 17. On a EPS of 1.5p we are on a forward PE of 11.4.

On the basis of the basic PE going from 0.5p to 1.06p, that is growth of 112% giving a PEG of about 0.15!

Personal expectations are that we will see an operating profit before adjustments of 7.0m this year. I expect ammortisation of 1.5m as per last year. The harder figure to quantify is the other exceptional costs, which last year amounted to 1m. This should be lower this yr (if any at all so i will include a figure of 0.5m, then this gives a PBIT of 5.0m. Interest of 0.5m gives a PBT of 4.5m and with a 30% tax charge a PAT of 3.2m.

This equates to an adjusted EPS of 1.86p and a basic EPS of 1.14p so a forward PE of 15.5 and a forward PEG of 0.12.

to put this into perspective, DATA is trading on a forward PE of 35 and doesnt currently make a profit.

All IMHO and DYOR

Fundamentalist - what does that mean in laymens terms?

Fundamentalist well put........ what the .... does it mean? ;o\

I'm guessing your saying, "abandon ship"?

or

"abandon hope all ye who enter RTD"

Right Ill try again in plain english:

RTD last results had a basic EPS of 0.5p per share. this gives a current PE Ratio of 35.

Daniel Stewart expects a basic EPS this year of 1.06p per share giving a forward Pe Ratio of 17.

My calculations give a basic EPs of 1.14p giving a forward PE of 15.5

This compares to Datacash which currently is loss making though is forecast to be on a PE Ratio of 35 next year. You would expect similar business to trade on similar PE ratios though DATA is trading on double the forecast PE of RTD for next year which is purely numerical terms makes RTD look very cheap relatively.

The Pe Ratio a company can command tends to represent the predicted growth a company can be expected to deliver.

In real plain english - I still think RTD is cheap and is undervalued compared to its peers. When the market will put a fair value (imho) is questionable. Hence, I am still holding for the long term.

Ahhh....i see. Thank you kind sir :o)

thanks fundamentalist for spending your time expalining this one, lesser experienced share traders like myself appreciate it. I`m holding a bigish stash and would expect it to take many motnhs to pick up by the sounds of things.

Sweat until the interims 6/9/04. Unless the market is still wobbly and the results are not as forecast it should go up to I think 20+ but unless the figures are VG unlikely to be above 30. We will not doubt see.

Mourning folks..Red again ;o\ .. thanks for your input Fundamentalist.

another crap day on the stock market

Douggie Why not go on holiday again. I'll help you pack!!!

What a funny market.

I wish I was watching from outside it.
For a while with the amount of selling going of smaller companies and tech support service shares I wondered how low we would get and how much pain I could endure.

Seems to be sorting itself out again. Are or have any of the institutions, or investment companies been flogging off their tech, software and support service shares in small amounts.

Are they expecting a bigger drop or is it change of policy to-wards holding equities in general.

Nother day nowt to say :o(

Fred1new I can pack o.k its the cash I need help with ;o\

and by the way mourning all

:o(((((((((((

UP 2 days in a row.

Nice to see a 300k buy - just to keep the momentum going, so to speak.

blue :o)

Wow 3 blue days, Who has gone on holiday???

Forgot to say that this month's Hargreaves Lansdown Penny Share Prophet has RTD as a buy - nothing new added.