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

Graham - We'll find out tomorrow, when 2003 results published. Already flagged adverse impact of high oil price, competition on one of most profitable lines and weak US dollar, hence poor relative performance over past year. Decent business in there, however and if there is no comment about dividend cut they should be satsfactory investment over next year or two. DYOR.

back on my watch list .... full trading statement due 7th March ..... possible or even probable consolidation due in chemical sector



red = 50 dam
green = 200 dma

..Chartwise. i agree. it does appear,as if after a period of consolidation,YULC is going to break out to 260/280 . , But l would suggest a little caution , Of all sectors, lnternational chemical grps ,are the most affected by both the price of oil and the strength of the $ . But whereas ICI has correspondingly increased its s/p with the recent lull in crude, YULC has fell which suggests other negative variables are at play here. Despite a nice 5,2% div this is not one for me considering volatility and uncertainty of future oil prices .

good run today, though volume is nothing to get excited about ..... nevertheless, strong break through 200 dma ..... perhaps more resistance at +/-242, but time (very soon?) will tell

Yes. Thin volmes are the story of this share -For as long as i have traded it, it has always been this way . Little volume yet inflated movement . As a matter of interest i wondered if you have studied the trades of YULC of late ..One day last week of over 120 trades ,a mere 10 or so were 4 digit figures. A fair ratio of both small buys and sells ).. Perhaps the more cynical of us would say the exxagerating movements both south and north of the mid allowed mms to set off a number of stop losses by dropping it a few points- hence all the AT's and then take it North and burn a few shorters . ,,,juste for good measure ,,, ...When i traded it, the parameters were usually 220- buy -and 270/80 SELL but with a bigger percentile divi than today . But you cannot complain with a 4.2% div ....A little boring perhaps ...But unlike penny stocks it wont take the shirt from your back .

looking for capital gain rather than yield ..... we shall see .... figures due early March

..hmm -Surely the oil price has impacted on such a companies competive edge . At best - T/O - pretty flat . Profits - perhaps a tad down . + J.....qui sait ?

Yule Catto yulc chart looks pretty impressive.

Keeps coming up on my growth and momentum screener and brokers have it down as a 'good un'.

Hit the base line of an uptrend channel yesterday. There is some resistance at around 88pish but once throught that 130p on the cards?.



Daily Chart...



Broker Take....

Yule Catto & Co PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Collins Stewart
31-03-09 BUY 12.00 15.30

ABN AMRO
30-03-09 BUY 24.48 12.46 28.40 14.46 3.61

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 24.48 12.23 0.00 28.40 14.88 3.61

1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change -6.77 -1.97 0.00 0.00 0.00 0.00


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS -14.19% -44.67% 21.67%
DPS 3.19% % %

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 54.66m 49.04m 52.28m

EBIT 39.22m m m

Dividend Yield 14.06% % 5.23%

Dividend Cover 2.28x x 4.12x

PER 3.12x 5.64x 4.64x

PEG -0.22f -0.13f 0.21f

Net Asset Value PS -66.84p 57.23p 68.11p

dyor

Broker update and they look very positive....

Yule Catto & Co PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Collins Stewart
31-03-09 BUY 12.00 15.30

ABN AMRO
30-03-09 BUY 24.48 12.46 28.40 14.46 3.61

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 24.48 12.23 0.00 28.40 14.88 3.61
1 Month Change 0.00 -0.00 0.00 0.00 0.00 0.00
3 Month Change -6.77 -1.97 0.00 0.00 0.00 0.00


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS -14.19% -44.67% 21.69%
DPS 3.19% % %

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

EBITDA 54.66m 49.04m 52.28m

EBIT 39.22m m m

Dividend Yield 14.11% % 5.25%

Dividend Cover 2.28x x 4.12x

PER 3.11x 5.62x 4.62x

PEG -0.22f -0.13f 0.21f

Net Asset Value PS -66.84p 57.23p 68.11p

Broker update and they look very positive....

Yule Catto & Co PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Collins Stewart
31-03-09 BUY 12.00 15.30

ABN AMRO
30-03-09 BUY 24.48 12.46 28.40 14.46 3.61

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 24.48 12.23 0.00 28.40 14.88 3.61
1 Month Change 0.00 -0.00 0.00 0.00 0.00 0.00
3 Month Change -6.77 -1.97 0.00 0.00 0.00 0.00


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS -14.19% -44.67% 21.69%
DPS 3.19% % %

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

EBITDA 54.66m 49.04m 52.28m

EBIT 39.22m m m

Dividend Yield 14.11% % 5.25%

Dividend Cover 2.28x x 4.12x

PER 3.11x 5.62x 4.62x

PEG -0.22f -0.13f 0.21f

Net Asset Value PS -66.84p 57.23p 68.11p

Yule Catto & Co PLC

SUMMARY CHARTS DIRECTOR DEALINGS FORECASTS WIRES
2009 2010
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Collins Stewart
31-03-09 BUY 12.00 15.30
ABN AMRO
30-03-09 BUY 24.48 12.46 28.40 14.46 3.61

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 24.48 12.23 0.00 28.40 14.88 3.61
1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change -6.77 -1.97 0.00 0.00 0.00 0.00


GROWTH
2008 (A) 2009 (E) 2010 (E)
Norm. EPS -14.19% -44.67% 21.67%
DPS 3.19% % %

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)
EBITDA 54.66m 49.04m 52.28m
EBIT 39.22m m m
Dividend Yield 13.38% % 4.98%
Dividend Cover 2.28x x 4.12x
PER 3.28x 5.93x 4.87x
PEG -0.23f -0.13f 0.22f
Net Asset Value PS -66.84p 57.23p 68.11p

the stock is trading on a prospective P/E of just over 9 to 2010 year end results which is practicaly a 'give away', derd cheap imho. Way too low rated.

Yule Catto & Co PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

ABN AMRO
22-12-09 BUY 39.02 20.04 37.58 19.19 4.80

Collins Stewart
14-12-09 BUY 22.80 19.50

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 39.02 21.27 37.58 19.33 4.80

1 Month Change 39.02 -1.53 37.58 -0.17 4.80
3 Month Change 6.00 4.11 4.95 2.51 0.63

Notes to forecasts
(19 Oct 09) A flag refers to outlook


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS -14.19% -3.77% -9.12%
DPS 3.19% % %

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 54.66m 64.84m 60.21m

EBIT 39.22m m m

Dividend Yield 6.02% % 2.98%

Dividend Cover 2.28x x 4.03x

PER 7.28x 7.57x 8.33x

PEG -0.51f -2.01f -0.91f

Net Asset Value PS -66.84p 45.27p 59.70p

Posted by Pro TAer Zak Mir late yesterday...

Zak Mir



Reged: 28/06/07
Posts: 1185
Re: YULE CATTO & CO (YULC)
#459146 - 05/01/10 04:32 PM Edit Reply Quote



Chart wise it looks like we have something of a give away as well as on fundamentals in the sense that while above the March support line at 150p on a weekly close stop loss basis the upside for the shares is a 2009 resistance line projection target of 200p over the next three months.

YULC Yule Cato....

TA looks very positive......



Broker upgrade aswell.......

target SP .....210p

upside........14.1%

Yule Catto & Co Basic Materials Overwt/In-Line 210 184 14.1% Morgan Stanley

Results this week showed expected recovery and excellent cash generation produced earlier than expected debt reduction to below 100M. Strong presence in Asia and management looks to have performed well after shocks of 2008. Quietly confident about 2010, so imo should make eps between 20p and 25p, which in turn makes them look decent value below 2 but always DYOR

Big upgrade just out aswell partridge.....

17/03/10 Yule Catto & Co Basic Materials Buy t=284 curr=180 upside=57.8% Collins Stewart

Interesting chart at Yule Cato YULC.

Looks like a trading Buy here and maybe a lot more later.

Looks like a few agree with you today gf, although I am in for the longer term. May be a bit of a read across from strong Victrex results the other day.

This stock is way too cheap trading on a forward P/E of just over 7 to 2011.

A miserly rating...........

Yule Catto & Co PLC

FORECASTS 2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Brewin Dolphin
09-07-10 ADD 43.00 21.50 5.00 45.50 24.30 6.00

The Royal Bank of Scotland NV
08-07-10 BUY 45.54 22.91 5.40 54.35 27.34 9.66

Altium Securities
10-06-10 BUY 43.00 22.80 5.00 53.00 28.10 7.50

Collins Stewart
06-05-10 BUY 21.40 25.40

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 43.00 22.86 5.00 53.75 26.68 7.50

1 Month Change 0.00 1.29 0.00 1.32 1.07 0.00
3 Month Change -0.30 1.41 -0.20 5.24 1.28 0.03


GROWTH
2009 (A) 2010 (E) 2011 (E

Norm. EPS 1.42% -4.87% 16.72%
DPS % % 50.00%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 63.80m 66.65m 73.23m

EBIT 49.13m m m

Dividend Yield % 2.62% 3.93%

Dividend Cover x 4.57x 3.56x

PER 7.95x 8.36x 7.16x

PEG 5.58f -1.72f 0.43f

Net Asset Value PS -52.86p 59.24p 79.05p

Talking of earnings figures this stock is on a real stingy rating of just 7.5 P/E to 2011.

Must be one of the cheapest well managed stocks around.

Yule Catto Forecasts

Year Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS
Grth. Div Yield

31-Dec-10 584.45 43.12 22.03p 8.6 2.5 +3% 5.13p 2.9%

31-Dec-11 614.66 49.52 25.47p 7.5 0.5 +16% 7.11p 4.0%