Recent newspaper reports of counter bid might have some merit. Lots of buys are a bit larger than usual uninformed punters.

M.

Nice looking chart - thanks.

Bought into this today after getting a long signal for potential uptrend. Will hold until trend reverses. Please note I do not follow fundamentals, only price action. GLTA

Steve

Post 14 for forecasts updated. from hemscott premium.....

Shanks Group PLC

FORECASTS WIRES 2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Peel Hunt
09-08-12 BUY 39.50 7.37 3.70 44.71 8.34 3.90
Investec Securities
26-06-12 BUY 40.00 7.50 3.60 46.00 8.60 3.80
Charles Stanley Securities [R]
07-02-12 BUY 43.40 7.85 3.40

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 39.82 7.44 3.65 45.28 8.46 3.86
1 Month Change -0.11 0.07 0.14 -0.01 0.51 0.11
3 Month Change -2.03 -0.29 0.04 -1.68 -0.35 -0.14


GROWTH
2012 (A) 2013 (E) 2014 (E)
Norm. EPS 32.64% 35.48% 13.67%
DPS 11.67% 8.92% 5.67%

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £102.40m £105.99m £115.78m
EBIT £47.10m £m £m
Dividend Yield 4.11% 4.48% 4.73%
Dividend Cover 1.64x 2.04x 2.19x
PER 14.84x 10.96x 9.64x
PEG 0.46f 0.31f 0.70f
Net Asset Value PS 25.00p p p

Agree with you Steve, I like the nice rounded bottom on the chart. Bought 5k this morning. H

.

PEG of 0.31 for 2013 forecasts............. bang tidy.

Forecasts plenty of growth to come for this established stock. Although agree with Harry not without risk re- to euro.

SHANKS GROUP SKS

Broker views and SP targets.....

Shanks Group Broker Views
Date Broker Recommendation Price Old target price New target price Notes

20 Jul Liberum Capital Buy 83.90 160.00 120.00 Reiterates
19 Jul Investec Buy 83.90 145.00 120.00 Reiterates
19 Jul Jefferies International Buy 83.90 119.00 119.00 Retains
09 Jul Goldman Sachs Neutral 83.90 133.00 135.00 Reiterates
18 May Jefferies International Buy 83.90 133.00 119.00 Retains

I agree something is happening up another 2p. Hopefully we're getting away from the lows!

Going strongly this morning.......

Not complaing but preferred slow & steady. May now have to consider selling before my target is reached.

Pull back so Ive added a few. Not a lot...... just to get a round number.

Good move, gf. Or should I say, good timing!

LOL yep dead lucky Harry.

Does this qualify as a cup + possible handle in your chart in post #14?

Shanks helps Glasgow shopping centre to zero-waste

Harry more of a ladle :-)

Cheers skinny. It always seems a little bit down to interpretation as 'cup & handle' can be a variety of shapes and over a number of time scales. Still, in this case when sp hits the 200 DMA I will be profit taking (probably a little before it hits!).

Nudging 90p. Nearly there!

Through it Harry. Hope you havent sold. Is some resistance at about 96p/97p.

Been a good week so far. Also is support in 92p area whith S/R equation , yep might consolidate for a while, but seems to be on a run.

Wondering if I should add again before my 120p SP target.