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Burns Philp

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Re: Re: Re: Burns Philp

Originally posted by Pornstar
I've been thinking about jumping onto them too. Why don't they pay a dividend?
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They have pretty high debt levels, especially after aquiring Goodmen Fielder. I guess they prefer to use retained earnings to service their debt, rather than pay to shareholders.

They are still a slightly risky stock, and have been punished by the market mainly since their last result, which showed their margins suffering. Good buy, minimum holding time 1yr IMO.
 

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It seems their US operations are getting hurt by the US/AUD exchange rate. I might wait for a a reversal there first. Good potential upside for this stock, you got in at a pretty good price imo.
 
I think i was lucky, but they can drop back just as quick. Anything around 50c is worth the risk. Your right about the exchange rate, hence the min 1yr holding time IMO.

Im very interested in a company called Swiftel (SWT). They are an ISP, which has bulging subscriber numbers, more than budgeted for. They predicted a $1.5 mill profit, on the basis of having 15,000 customers, by the end of this financial year. They had 15,000 customers by the end of Jan. ;) Im in at 11.5c. Definatly worth the look.
 
Not ramping bad stock there? :)

After the dotcom crapola, I wouldn't touch anything internet related, however I beleive IINET ended up with a good price.
 
Originally posted by dus
Im very interested in a company called Swiftel (SWT). They are an ISP, which has bulging subscriber numbers, more than budgeted for.
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If they can handle the growth then those numbers are excellent. Then again, OneTel had great sign-up numbers... :D
 
Originally posted by dus
Im very interested in a company called Swiftel (SWT). They are an ISP, which has bulging subscriber numbers, more than budgeted for. They predicted a $1.5 mill profit, on the basis of having 15,000 customers, by the end of this financial year. They had 15,000 customers by the end of Jan. ;) Im in at 11.5c. Definatly worth the look.
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They go alright ;)
 
ISP's are a gamble with the Telstra situation still unresolved.

BPC looks a reasonable 'gamble' but their management looks shakey. They just sold their herbs business off and that will affect earnings.

Company All Ords Sector
P/E ratio 14.85 16.34 16.14
P/B ratio 2.14 2.12 1.27
P/E Growth ratio 0.16 1.15 1.33
P/S Growth ratio 0.71 2.02 0.96


INCOME Company All Ords Sector
Dividend yield -- 4.0% 4.3%
Franking --
Tax adjusted dividend yield 0.0% 2.8% 3.1%
Dividend stability -- 97.5% 98.9%


RISK Company All Ords Sector
Beta 0.57 0.90 0.40
Current ratio 1.03 1.49 1.36
Quick ratio 0.63 0.95 0.64
Earnings stability 57.8% 71.0% 70.1%
Debt/Equity ratio 599.8% 35.6% 59.4%
Interest Cover 1.30 4.97 3.29


GROWTH RATES 10yr 5yr 1yr 2yr Fcst
Sales -19.9% -24.3% 25.7%
Cashflow -10.3% 18.1% -18.1%
Earnings -26.2% -13.2% -69.0% 91.3%
Dividends -- -- -- --
Book Value -23.3% 97.2% -0.8%


Total Shareholder Return
(avg annual rate)
1yr 3yr 5yr 10yr
9.1% 12.0% 13.3% -16.5%

Earnings and Dividends Forecast (cents per share)
Curr 2004 2005 --
EPS 1.8 5.1 6.4 --
DPS -- 0.0 0.0 --


Recommendation.
Company Market Sector -------------
Current 3.0 2.7 2.6 Strong Buy = 1
30 Days Ago 2.8 Mod. Buy = 2
60 Days Ago 2.8 Hold = 3
90 Days Ago 2.8 Mod. Sell = 4
Strong Sell = 5




CONTRIBUTING ANALYSTS
Credit Suisse First Boston,Deutsche Securities,UBS Equities,Broker Name Withheld,ABN AMRO Equities
 
BPC selling their herbs and spices business in the US was a positive thing. The business was very much underperforming in a competitive environment. The funds will be used to service debt.

SWT im surprised have not risen higher. There announcement was very positive IMO. It was pretty much a reverse takeover with 65% odd, of equity going to People Telecom shareholders. They hit 15.5c on monday. Worth following. :p
 

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One of my dodgey mining companies (VOY) has just halted trading until they make an announcement on Friday. Hopefully some earth shattering news that will drive the share price into the stratasphere.

Come on Voyager! Baby needs a new pair of shoes.
 
Originally posted by dus
SWT im surprised have not risen higher. There announcement was very positive IMO. It was pretty much a reverse takeover with 65% odd, of equity going to People Telecom shareholders. They hit 15.5c on monday. Worth following. :p
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A mate of mine got wind on Friday 20th Feb that an ISP company called Multiemedia were going to make a major announcement on Monday the 23rd. So he plonked 10 grand into them at 8.5c and on Monday morning before the market opened Multiemedia announced they were acquiring a US based IP company and were going to be listed on the NASDAQ. The shares opened at 9.3c but were back to 8.5c pretty quickly and finished the day at 8.3c. They've slowly dropped to 7.2c since then. It's difficult to predict how the market will react to news.
 
Originally posted by Pornstar
A mate of mine got wind on Friday 20th Feb that an ISP company called Multiemedia were going to make a major announcement on Monday the 23rd. So he plonked 10 grand into them at 8.5c and on Monday morning before the market opened Multiemedia announced they were acquiring a US based IP company and were going to be listed on the NASDAQ. The shares opened at 9.3c but were back to 8.5c pretty quickly and finished the day at 8.3c. They've slowly dropped to 7.2c since then. It's difficult to predict how the market will react to news.
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Interesting.

I remember reading about this, but didnt bother following there share price. Hopefully they pick up as that seems quite undervauled.

SWT have been trading around 11cents, with very very little volume. Im holding on.....
 

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