Monday, March 14, 2005
Eyes down: Mayborn tomorrow at seven
Mayborn announces full-year results tomorrow at 7a.m.
The alarm is primed and the toaster will be loaded at 6:45. The shares in my smallest holding have advanced 10% in the last two trading sessions following real excitement over the company's recent purchase of a kiddies toy manufacturer.
It could be swings and roundabouts for earnings however, the soaring cost of crude oil will have boosted raw material costs but with a lot of company expenses denominated in greenbacks, the recent slide in value of the US dollar will help enormously.
Mayborn deserve a P/E of around 13 by my reckoning. At 315p to sell today, any result in excess of 24p per share should see the shares rise.
Here's hoping it's a red letter day tomorrow.
The Artful Dodger
The alarm is primed and the toaster will be loaded at 6:45. The shares in my smallest holding have advanced 10% in the last two trading sessions following real excitement over the company's recent purchase of a kiddies toy manufacturer.
It could be swings and roundabouts for earnings however, the soaring cost of crude oil will have boosted raw material costs but with a lot of company expenses denominated in greenbacks, the recent slide in value of the US dollar will help enormously.
Mayborn deserve a P/E of around 13 by my reckoning. At 315p to sell today, any result in excess of 24p per share should see the shares rise.
Here's hoping it's a red letter day tomorrow.
The Artful Dodger
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