Section Items

Clarification
The comments on this page are some of the thoughts that I had when considering this company and not a recommendation to take an action or to refrain from taking an action.

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Is This Just Pump And Dump?
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Commentaries tend to be created when I look at a share and decide if it is one that I want to buy either now or when I next have an unallocated pot.
Financials
As companies often report numbers in slightly different ways there are a number of entries to cover this and as these are rough notes there will usually be empty items.

The debt columns are shown as positive values if there is any debt, all other negative values are shown within parenthesis and without a sign.

Commentary On Andrews Sykes Group plc

Title: Andrews Sykes Group plc – Never Heard Of Them.
Company: ASY - Andrews Sykes Group plc
Share Price Then: 535p
Author: Ian Smith
Date: Fri 27 Sep 2019
Comments: Andrews Sykes Group are a group of companies in the hire, sale and installation of a pumping, portable heating, air conditioning, drying and ventilation equipment.

Despite the numbers looking very good, an established world wide business with about £4.5 million of debt and a £28 million of cash in the bank I have never looked at them.

Dividend wise they are okay but not great at the current share price, for the last few years this has been 23.8p or around 4%, the P/E is just over 13.

The downside seems to be a 10%ish spread on trading the shares with an average of only a couple of thousand shared changing hands on a daily basis.

This seams to be because the company has a major shareholder EOI Sykes Sarl which holds around 86% of the shares and EOI Sykes associated directors run Andrew Sykes. EOI is owned by a Panama incorporated company Tristar Corporation.
Financials:
ItemCurrent PeriodPrevious Period
Year20182017
Period12 Months12 Months
Revenue£78m£73m
Earnings
Adjusted Earnings
EBITDA£27m£23m
Adjusted EBITDA
Statutory Profit£17m£14m
Adjusted Profit
Total Debt
Net Debt(£23m)(£20m)
Read Count: 107

Commentary History

Date Ticker Title
Fri 27 Sep 2019ASYAndrews Sykes Group plc – Never Heard Of Them.