Might be worth taking a position here I have today.
Fundies look very good aswell with the stock looking very cheap on a forward P/E of only 5.6 going into 2011.
Cape PLC
FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Panmure Gordon
20-04-10 BUY 61.50 38.20 70.60 44.00
Arden Partners
09-04-10 BUY 61.13 37.30 6.00 69.18 41.70 7.00
Eden Group
01-04-10 BUY
Collins Stewart
10-03-10 BUY 63.80 39.00 70.50 43.00
Numis Securities Ltd
10-03-10 BUY 62.00 37.20 6.00 68.70 41.40 6.00
Evolution Securities Ltd
10-03-10 BUY 62.70 37.50 66.50 39.40
2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 62.04 37.56 6.00 69.76 42.02 6.52
1 Month Change -0.02 0.00 0.00 0.01 -0.01 0.02
3 Month Change 1.40 1.37 6.00 -1.54 -0.10
GROWTH
2009 (A) 2010 (E) 2011 (E)
Norm. EPS % % 11.87%
DPS % % 8.67%
INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)
EBITDA m 87.78m 95.60m
EBIT m m m
Dividend Yield 0.00% 2.51% 2.72%
Dividend Cover x 6.26x 6.44x
PER -106.86x 6.37x 5.69x
PEG f f 0.48f
Net Asset Value PS p p p