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trapdoor is looming
Benboy - Sun, 30 Dec 01 :
Sombrero
Lucky you at 36p, I'm in very deep at 158. Nothing 2 years won't sort out!!
Text you requested from Questor....
....Questor has sought out good companies that look cheap. Here are six stocks that could be winners next year.......
....Like many technology companies, business telecoms group Energis has fallen ignominiously out of the FTSE 100 this year. It is not quite the bargain it was in October, when it was tipped here at 30p but, at 57.25p, it really does look too cheap. The company issued a summer profits warning as its UK business slowed, with major orders being deferred. September's half-year figures failed to stop the rot.
In common with the rest of the sector, Energis has too much debt for comfort. Analysts are forecasting a loss per share of around 9p for the full year and don't expect a dividend in the forseeable future.
However, the business has sales roughly equal to its current market value and the newsflow next year should be positive. The company has secured extra banking facilities and in November it announced £48m of new European orders since the previous month. At the same time, costs are being cut by £20m a year and capital expenditure deferred......
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