Does anyone have any feelings for Yule Catto?

I sold short on CFD a few weeks back but now they seem to be on the way back up.
They seem to be building support at 240 and are testing the 270.

If any has any opinions on which way they're heading, I greatly appreciate.

Graham

YC: BarCap: overweight, TP cut to 263 from 300

Brokers ALL backing YULC...

EPS growth of 27.6% pencilled in for 2012 Forward P/E of just over 9... derd cheap and way undervalued IMO.


Yule Catto & Co PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Brewin Dolphin
19-04-11 BUY 81.60 17.40 2.60 113.60 24.00 3.00
The Royal Bank of Scotland NV
18-04-11 BUY 54.71 17.72 5.99 63.81 20.67 6.99
Altium Securities
11-03-11 BUY 90.80 20.00 3.00 113.40 25.00 4.00
Numis Securities Ltd
11-03-11 BUY 85.60 18.30 2.75 113.40 24.40 2.90
Collins Stewart [R]
11-11-10 BUY 17.25 18.54

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 77.38 18.24 3.63 100.23 23.27 4.26
1 Month Change -8.54 -0.31 0.85 -13.24 -1.19 0.97
3 Month Change 1.89 1.35 -0.11 6.79 5.04 -0.76


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS 18.14% -0.24% 27.60%
DPS % 178.92% 17.60%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA 64.82m 109.58m 133.81m
EBIT 50.20m m m
Dividend Yield 0.60% 1.68% 1.97%
Dividend Cover 14.06x 5.03x 5.46x
PER 11.82x 11.84x 9.28x
PEG 0.65f -50.06f 0.34f
Net Asset Value PS -5.32p 52.80p 66.52p

Ex-divi date is the 8th June 2011 (1.3p)

StockMarketWire.com
Chemical group Yule Catto & Co plc said in its IMS that earnings for the first quarter were well ahead of the same period last year, excluding any impact of the PolymerLatex acquisition in March.

The board's expectations for financial performance for 2011 remain unchanged.

Overall demand in Yule Catto's Polymer business was solid. Asian demand was strong through the quarter, while Europe firmed after a slow start in the UK.

PolymerLatex had traded comfortably ahead of last year in the first quarter and this had continued through April.

The group remained confident that at least 20m of synergies would be delivered. Actions taken to date had already delivered synergies with an annual run rate value of about 2m.

In the group's other businesses, the Pharma division performed well ahead of a weak Q1 last year, while William Blythe continued to grow profits strongly.

Numis: has moved YULC to add from buy. TP 244p.

Hoping the sp moves firmly through the 200 DMA.

JPMorgan: Reiterated overweight - TP raised to 300 from 268

Looking better now and the latest brokers' positive forecasts
have probably helped as well

The latest, this one from Deutsche: Initiated buy - TP 290

Seems only HC and I are interested around here.

no - there are other interested parties but sometimes there's simply nothing to say other than sit back and be patient.

Questor in the Sunday Telegraph says 'Buy':

http://www.telegraph.co.uk/finance/markets/questor/8569182/Questor-share-tip-Buy-Yule-Catto-as-its-markets-bounce-back.html

200 DMA now coming up! Steady up trend for now.
EDIT: Couldn't break through!

Sailed through and I sold last week! :o(

Its easy this game :-)

HC: so did I and bought DLAR. Chunky div.xd tomorrow.
Something in the offing, though!

Had a small profit + divi, but needed the cash for other divi paying stock (DLAR & CHG). Damn!!!

Rumour of Dow Chemicals considering offer of 360p.

Bullish set of broker figures and such a cheap stock. Way too cheap in fact imo. Forward P/E of just over 9 to 2012.!!!!!

Yule Catto & Co PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

The Royal Bank of Scotland NV
14-07-11 HOLD 82.28 18.33 3.00 110.58 23.11 3.43
Brewin Dolphin
08-07-11 BUY 81.60 17.40 2.60 113.60 24.00 3.00
Altium Securities
10-06-11 BUY 90.80 20.00 3.00 113.40 25.00 4.00
Numis Securities Ltd
12-05-11 ADD 85.60 18.30 2.75 113.40 24.40 2.90

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 84.44 18.40 2.84 112.50 23.98 3.31
1 Month Change 5.87 1.65 0.01 -0.18 -0.04 -0.01
3 Month Change 7.06 0.17 -0.78 12.26 0.71 -0.95


GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS 18.14% 0.68% 30.28%
DPS % 118.77% 16.46%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA 64.82m 124.26m 157.90m
EBIT 50.20m m m
Dividend Yield 0.58% 1.27% 1.48%
Dividend Cover 14.06x 6.47x 7.24x
PER 12.29x 12.20x 9.37x
PEG 0.68f 17.88f 0.31f
Net Asset Value PS -5.32p 103.24p 122.44p

but looks like a solid resistance at just above 230

YULC tipped this morning.........

http://www.telegraph.co.uk/finance/markets/questor/8650566/Questor-share-tip-Beware-Yule-Catto-bid-talk.html

Yule Catto & Co plc is pleased to announce its interim results for the six months ended 30 June 2011.
HIGHLIGHTS
Very successful first half; strong increase in sales and profits, benefiting from good growth in Asia and the acquisition of PolymerLatex

Underlying Profit before tax of 43.5m - up 81%

Underlying earnings per share of 10.0p - up 23%

Interim dividend of 1.2p per ordinary share; commitment to at least 3.0p for full year

Total sales of 547.7m - up 65%

Over 40% of Polymer sales in Asia and other high growth markets

PolymerLatex integration on track - good progress on synergy delivery

Adrian Whitfield, Chief Executive, commented:
"The Group had an excellent first half, delivering strong growth in underlying earnings. We have benefited from our position in Asia, where we experienced strong demand for our products, and the PolymerLatex acquisition is delivering synergies in line with our original plans.

We remain cautious regarding the wider economic outlook given the recent turmoil in the equity markets, and the expectations of weakening global demand which we have seen some evidence of during July and August. However, Yule Catto's strong portfolio of market leading products, our high percentage of sales into Asia and other developing economies, and our near term synergy benefits from the PolymerLatex acquisition underpin the Board's confidence in the Group's prospects for the medium term.

Whilst the Board anticipates performance in the second half will likely be affected by current macro-economic difficulties, and the usual seasonal effects, in aggregate, with the benefit of the synergies from the PolymerLatex acquisition, full year earnings are expected to be modestly ahead of previous expectations."