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Archive Change the buttons to the left and the title above to your final version and re-save the template page. |
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Does anyone recall the comment Alan Greenspan made during the dotcom mania? Well frankly I feel we are now in the opposite position, running around like lemmings. Buying now could be very rewarding - as Warren Buffett is doing. If you have failed to stop loss out and are over 80% down, now is not the time to sell. It seems from recent retail sales data, mortgage data and jobs data in the UK that things are not as bad as forecasts say, but that is only ONE MONTH'S data! |
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March 2nd. London is down over 5% on HSBC rights etc. A BIG chunk of these shares were already spoken for! After all, we KNOW there's a crunch! We KNOW profits are down! Why keep reacting repeatedly to basically the news we have already heard? It's time to look forward again! All this negative feedback is getting way too excessive! We may be seeing a double bottom pattern here. The turn may be this week. |
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29th April. Results show profits and turnover up. Dividends however are NOT being paid - as I hinted at! 30th April one trade of over 5M shares today! - Ambiguous price. |
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LUP seems oversold. (69p) Any turnround in USA domestic property will revive it. Results were better than expected. Share Dividend yield (at 37p) is 9.24% (Ex Dividend May 7th). July 4th. Stock hit a new low of 25p, prompting me to raise my holding by 550 at just under 26p. Closed at 30.75 (mid). Gall Thompson reported as "thriving". I seem to recall that Gall Thompson alone earlier warranted a higher share price. Dec 4th now 17.5p rates a Buy! Feb 9 2009 the accounts are being studied by RBS etc! Sept. 30th results are very positive, with a 2p dividend to boot! Far better than the doom merchants suggested! At 20p with a dividend yield of 10%+ the stock rates as a recovery buy bearing in mind the plans to spend on infrastructure and housing. |
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Comments published 4th July. The share rating is very low indeed -
The value of Gall Thompson could be in excess of Lupus's entire
market value. Lupus is an acquisitive company that cannot use its
stock market quote to further its ambitions - which could persuade it
to withdraw from the market altogether. |
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Jan 7th. Strong upward move to 20p (on a down day in Market) 3M shares traded in 2 deals! Feb 2nd. The price is still sliding (11p) despite buys being dominant for several sessions? It slid below 10p for a while on the 17th, but ended level despite a negative market. Doubled holding at under 10p on the 19th. Buys 510,515 Sells 23,637 |
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Warning! Jan 28th. Caller from Canada "wanting to take over Lupus". This is certainly a bogus boiler room scheme along the lines of several others noted here. |
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List below.
Over two years (data 23-12-2008 |
Recent chart (Feb 19th) Re comments on iii discussion board. The buy indicated verbally was my previous (26p). The red line an earlier one. It was possible for recent traders to stop loss out as indicated. Many were holding from higher levels though, hoping for recovery which has so far failed to occur. With hindsight, they should have been out earlier, but who could have guessed Northern Rock and "Fannie" and "Freddie" would be just the beginning! |
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Other construction stocks as comparison.
Taylor Wimpey.... -96% Re board salaries - These should be cut, as has happened elsewhere. - Hopefully it will be stated in the next report. Trading - The last statement was better than expected, but that's no guarantee. The oil sector (Gall Thompson) is also affected by lower prices, but the penalties for potential pipeline failure should have kept the GT business busy. |
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B (174) Balance +57.0 Bid announced at 190p March 13th. Now unconditional. |
GNE 200 |
92.5 |
Fuel distribution in uk. Has fuel card system to monitor purchases. 18th April. Big surge on bid possibility 170p suggested. Sept 18th. They are selling the petrol retail business, and planned to pay a 150p dividend as a result. The fuel card business is continuing, the company now plans further investment, not a cash payout. It is proposing to become a fully listed Investment Trust (Tech sector).Tipped in Investor's Chronicle as a share for the year. |
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13.5 (paid) |
See here for original entry. |
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Suspension 24th Nov |
The company is doomed. The attempt to raise £1.5M by Nov 27th. to keep the company trading has failed. Receiver now appointed! |
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Today (Thursday 6th) the index will open 2% adrift from the overnight Dow (-4%). Possibly down over 100 points. This will, however be offset by the rate cut of possibly 1%. Will this be seen as beneficial or as a further desperate measure? |
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Well it was 1.5%! Still down on the day though (5.7%) Some of my stocks are up though - seems er are near the bottom in some areas. The Dow also reacted badly to data from the USA, though at 4.8% down suggests the UK should start positive on Friday. I think the rate cut has been too much of a shock and the reaction was confused! |
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Thoughts on BBC Newsnight are that hedge funds closing positions has exaggerated price changes on Friday (UK down almost 9% and the Dow gyrating). Some of Lehman Bros Funds are also being analysed. If this is the case, Monday should see more stability. |
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The remedy for the current situation, the "British" plan, is actually a Lib Dem idea taken up by the Government (who actually contributed a great deal to the causes of the problem! They are good at adopting other party ideas as their own! |
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Thursday
9th. Oct |
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Friday
10th. |
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Comment - Manic Monday. Banks and financial stocks were in chaos. There has been a great deal of intervention, but the forced merger of HBOS has not helped in the UK. A major factor though is the high level of "Shorting" going on. Dealers gambling with stock values, not really investing at all, and damaging the rest of the market in the process. This type of "trading" is, to my mind a major part of the problem! |
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Thursday 18th. Sept. The FSA banned Shorting in banks and financial stocks, effective midnight tonight. This will have some effects as open positions will have to be closed. I'm not actually sure what these effects will be, but arguably there could be a price rally in many other stocks. |
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Dow dives over 700 points Monday 29th. What to do? It is more than likely that the rest will, like lemmings, follow suit, since the uncertainty remains. In the UK there was a similar reaction to the Bradford and Bingley situation, where the load will fall on other financials as well, not just the taxpayer. That should mean a more tempered reaction here (probably around 300 or so points) That could see the bottom, though whether the bounce is a "dead cat" or not depends on whether the remaining banks here can cope with the B&B situtation. What to do with stocks? Probably reduce or sell holdings in any stock where you are still in profit, ready to take up buying opportunities. Also realise some losses in other losing stocks to offset against the rally which will follow in those you select to move into. As to the timescale of this - well markets can, and do go up as fast as they fall in this type of situation and then reverse again! Much trading is done by computer programs, which tend to exaggerate! |
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Monday
6th. Oct Regrettably a strongly negative IMF report, warning of recession has also influenced Wednesday trading, with wide fluctuations in UK and USA. Both ending the session well down. I had some recovery in several stocks and expect more Thursday onwards as the rate cuts and Government actions take effect. Stocks are low enough now! |
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Thursday
2nd. Oct |
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Boiler Room Activity! I have been in touch with the FSA on this subject, and Wallgate too. |
Sadly there appears to have been activity in this stock by at least one "Boiler Room". They have taken cash to buy the stock, but according to Wallgate and registrars I do not appear on the registry, nor do (or did) at least three other investors I have information about. One investor has got his money back (from MAI Holdings) and I propose to do the same if no certificates appear within the next few days. July 3rd. Still nothing! Does anyone have a number for MAI Holdings? Weizman Associates seem to be incapable of giving me a correct contact number for MAI! 22 Oct I finally got my certificate! |
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Movement! |
There is very little trading in this stock, with a wide spread (15 - 18). Announcement due this week. March 31 Trades today all buys. April 2nd. The supplier buy is announced - two extra companies in fact. Now up to 20p! Very odd trade (14p) on May 7th! (This could be MAI dealing stock) October - Shares now at 2 /3 p! 10pps loss! |
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Hitchens Group. More later. |
13.5 (paid) |
Retailing end of line stock. Sells stock in eBay shop. Has now taken over supplier Wallgate and taken the name. hence recent interest. Trading levels are improved after this takeover.. |
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Suspension 24th Nov |
It looks very likely that the company is doomed. The attempt to raise £1.5M by Nov 27th. to keep the company trading has failed so far. |
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Notes on the Skyepharma refinance etc. Comments on the first day trading after the announcement. The EGM to approve the consolidation is on Sept 19th. |
The documents yesterday included this section:- |
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This comment was posted at iii by myself. There was also a comment from the company as a news item. I accept there is dilution, since there will be almost 3 new shares to every old one and if private investors do not take up the offer they will lose ground. I do feel that the values set are realistic, in view of the big potential that exists. |
As you see, the closing price today is almost at those levels, and would suggest support may be at that level (bit early to say really though) The meeting to approve the PLACING and OPEN OFFER - NOT a rights issue! was on Sept 19th, the record date being August 27th. I must emphasise that since it is NOT a rights issue, you CANNOT sell your allocation in the market, as you could if it was a rights issue. You must not get confused over the terminology. Under this offer you can accept up to 172 shares for every 100 you have at the moment, or, for the sake of argument here, 100 shares for every 100. According to the documents yesterday the board have accepted the placing offer, AND are taking up the open offer as well. Effectively they are therefore raising their own stakes.Finally, after the two bond conversions, the percentage held by the bondholders will be reduced by the number of shares PI's take up under the open offer. This is, however not likely to take bondholders much below 50% if at all. Hope that is clear enough! |
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Bonds renegotiation is announced. September 1st. The shares had hit 6p on the 1st, and will clearly reflect the new situation on Tuesday, possibly falling to 2 - 3p or less. |
As I expected this has followed the results. There is a fully
underwritten placing of slightly under 2 shares for every 1
currently existing. There is also an "Open Offer" to ALL
current Private Investors of 172 shares for every 100 they hold,
at 1.5p per share. This is against a current "face" value
of 10p. Such shares will be clawed back from the placing, and will
reduce the dilution effect which would have been severe without the
open offer (almost 60%). The directors have taken part in the
placing, and are taking up the open offer, so as to maintain their
own interests. |
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Friday was the last day of trading at the old price and old denomination. |
Friday began well, but closed with a major loss. Oddly, the volume of sellers was not overwhelming. It also looked as though market makers had a major hand in the price changes. There were a number of 1 million sell trades, but the biggest (4m) trade was a buy. |
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Monday and next week - (ending Sept 26th) |
The shares will have a face value of 100p, but holdings will be reduced by a factor of 100 - i.e. 1000 shares become 10. Later in the week the placing shares and open offer shares will be on the market - in theory at 150p which is above the effective equivalent close on Friday last. |
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From RNS September 25th. |
The Open Offer closed at 11.00 am on 24 September 2008. Valid applications have been received from Qualifying Shareholders in respect of 8,908,783 Consolidated New Ordinary Shares (representing approximately 63.55 per cent. of the 14,017,807 Consolidated New Ordinary Shares available under the Placing and Open Offer). The balance of 5,109,024 Consolidated New Ordinary Shares has been conditionally allotted to Placees. No Convertible Non-Voting Shares were required to be issued. |
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Trading in the new form on Friday, including the open offer stock was rather muted. The quietest day of the week in fact. |
Buyers (at up to 152p) amounted to 20,873, sellers (as low as 147p)
to 118,219 with 11,043 not classified. There are 14,017,807 extra
shares now. |
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Tuesday 30th. 10p up Spread was up to 7p! |
The shares dropped to 125p on little selling, then rallied - more so late in the day-145p. Trades though were 32942 buys, 10885 sells and no uncategorised. Trade volume was low on a very difficult trading day - when other things were on investors minds! |
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Oct 29th. The share price seems to have broken out above the long trend line shown. This may not hold, but would seem a good sign. The close was above 200 but there were two late trades at 197. Charts from iii website. The RSI is very overbought! |
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Recent activity up to Oct 28th. Shows my trade and the time of the analysis hint to buy. The crossing rising moving averages is, I think a strong positive, unless I am in error re the "golden cross" interpretation. |
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RNS Number : 3139E Skyepharma PLC 25 September 2008 FOR IMMEDIATE RELEASE |
The Open Offer closed at 11.00 am on 24 September 2008. Valid applications have been received from Qualifying Shareholders in respect of 8,908,783 Consolidated New Ordinary Shares (representing approximately 63.55 per cent. of the 14,017,807 Consolidated New Ordinary Shares available under the Placing and Open Offer). The balance of 5,109,024 Consolidated New Ordinary Shares has been conditionally allotted to Placees. No Convertible Non-Voting Shares were required to be issued. Today (5th. Nov) the price is approaching the 20day ma. It is also now lower on the RSI chart - compare current ones with the historics here. Buying was in the majority today, but very few trades. |
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RETV 2000 |
22* |
Internet and TV marketing - Wholesaling - Infomercials. Trading in Asia and USA. New HQ in Florida. B (20p) |
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ResponzeTV PLC ('the Company')
ResponzeTV has today requested that AIM suspend trading in its
securities pending clarification of its financial position. |
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RETV could possibly be dramatically re-rated if the April results for the enlarged company are good. Doubled holding (at par). Results expected this month. April 2nd. Trading statement is very positive. Share price rises from 16p and holds. Results expected early May (was 3rd in 2007) It appears that all is not what it seemed at Reliant International Media. Accounting discrepancies have been discovered. This could materially affect the figures quoted in February. The company is not just Reliant, but that is a major part of it. What happens now depends on how serious the discrepancies are, and whether the other investors in rhe company ( i.e MediaXposure etc) view this apparent deception. Certainly when the stock relists the price will drop to nearer the 16p par value. PKM May 22nd 2008. |
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I remain deeply dissatisfied with the present UK government. Fair enough, currently under the UK system they have "won", but less than 3 in 5 of the electorate voted. (25% of the overall electorate voted for them out of the overall electorate - BBC comment). The turnout ( 590 seats declared) was around 58.6% as opposed to 77.7% in 1997. This is hardly a true mandate Mr Blair. His "landslide" majority is NOT good for democracy on this level of turnout. The only party really with a reason to celebrate is the Liberal Democrats who took at least 6 more seats. Recall that they campaigned for higher income tax! The question now is will they now go back to being virtually Labour Lapdogs? Blair says all will get opportunity to reach potential. He claims a lot, but will we really be "lifted" or let down SO BADLY again. |
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RNS Number:4092Q Lupus Capital PLC 5 September 2000 |
Lupus Capital plc (Lupus) today announced its interim results. Gall Thomson, the wholly-owned subsidiary acquired as an investment in December 1999, is performing well, significantly exceeding its budget and strengthened during the period by the acquisition of two add-on businesses 13.3% holding in Armitage Brothers plc, a fully listed manufacturer and supplier of pet accessories and pet foods Commenting on the results, Charles Ryder, Chief Executive of Lupus Capital, said: Lupus is making good progress with its investment strategy. Our first acquisition, Gall Thomson, is performing well and tactical acquisitions have enhanced the value of that business. We have also announced investments in Armitage Brothers plc and, very recently, in European Colour plc. Our strategy is to hold major investments in approximately five companies at any one time and we expect to reach this optimum level during the early part of next year. Some companies will be fully-owned while in others we will hold a strategic interest of up to 20% of the issued share capital.
For further information, please contact: |
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RNS Number:4092Q Lupus Capital PLC 5 September 2000 |
Strategy The strategy of Lupus Capital plc (Lupus or the Group) is to invest in, or acquire, small and medium sized public companies which are facing strategic barriers to development whether of a corporate or commercial nature. Lupus intends to generate significant returns by providing and, where necessary, implementing strategic plans for these companies, including appropriate exit routes. Lupus will therefore create value by providing a service to shareholders and company boards, as well as to acquisitive well-run international companies looking to expand and to diversify their businesses. In accordance with applicable accounting practice, subsidiaries held exclusively with a view to subsequent resale are recorded as current asset investments. The Group's wholly-owned subsidiary, Gall Thomson EnvironmentalLimited (Gall Thomson), is thus recorded as a current investment both at 30 June 2000 and 31 December 1999 and the related trading results are not consolidated. A brief review of the activities of each of Lupus's investments will be made in its interim and full year statements, particularly in relation to companies that are fully-owned.
In the six months to 30 June 2000, Lupus made an operating profit of £190,000 (1999: loss of £478,000 on continuing operations) on turnover of £775,000 (1999: nil on continuing operations). Lupus made a profit before taxation in the period of £98,000. For the reasons stated above, turnover in the period relates exclusively to management charges receivable from Gall Thomson. The net assets of Lupus at 30 June 2000 were £15.74 million (£4.34 million at 30 June 1999) representing 9.3p per share (5.8p per share in 1999). Net debt amounted to £1.23 million, net of cash of £0.25 million held by Gall Thomson (1999: net debt of £3.01 million). Dividends In line with Lupus's statement on its dividend policy made at the time of announcement of the 1999 results, the Board has decided to declare an interim dividend of 0.1p per share (1999: 0.1p). The dividend will be paid on 30October 2000 to shareholders on the register at the close of business on 6 October 2000. The ex-dividend date will be 2 October 2000. |
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RNS Number:4092Q Lupus Capital PLC 5 September 2000 |
In December 1999, Lupus acquired Gall Thomson, a listed company, and also Octroi Group PLC, a de-listed investment company whose principal assets were cash and a 46% interest in Gall Thomson. Gall Thomson's major business is the supply of marine breakaway couplings for oil and gas applications. Gall Thomson's continuing businesses have performed well in the six months to 30 June 2000, significantly exceeding budget. In the period, the continuing operations recorded sales of £2.2 million and operating profits of £1.0 million before Lupus management charges. Gall Thomson's main business has been particularly strong and it is believed that the full benefit of the sustained period of higher oil prices is only just beginning to impact on the level of exploration and production activity in the oil and gas industry. In February 2000, Lupus strengthened Gall Thomson by acquiring its dedicated manufacturing facility in Great Yarmouth for an initial cash consideration of £450,000 to which was added £51,000 for stock and work-in-progress. The acquisition is having a beneficial impact on Gall Thomson's margins and Lupus believes that it will enhance its strategic value. An acquisition has also been made to strengthen Gall Thomson's industrial couplings business, at a cost of some £100,000. The industrial couplings business, principally operating through Gall Thomson's subsidiary, KLAW, is now making good progress after a slow start to the year. On 4 May 2000, Lupus announced that Gall Thomson had disposed of its subsidiary, Survey Equipment Services, Inc. (SES), based in Houston, Texas. SES, which represented a small part of Gall Thomson, is involved in the supply, sale and rental of specialist marine navigation and survey equipment to the oil and gas industry. SES was sold for a cash consideration of $1.4 million. In the nine months to 31 December 1999 SES recorded a break-even result on a turnover of $1.6 million. Net assets at 31 December 1999 were $2.0 million. The market in which SES operates became progressively weaker in 1999 and this trend continued into 2000: SES made a trading loss of $65,000 in the first four months of the year. On 4 May 2000, Lupus disclosed that it held 538,000 shares in Armitage Brothers plc (Armitage) representing 13.3% of the issued share capital of Armitage. Armitage develops, manufactures and supplies pet accessories and pet foods. Lupus believes that there is continuing growth in consumer demand in both of these sectors but that there needs to be consolidation amongst the suppliers for a number of reasons, including major change relating to the distribution and retailing of the products. Lupus announced on 30 August 2000 that it held 1,626,236 shares in European Colour plc (European Colour) representing 3.5% of the issued share capital of that company. European Colour is a speciality chemicals company which manufactures specialist pigments and performance coatings. The various acquisitions and investments are part of Lupus's strategy to hold, at any one time, major investments in approximately five companies. Such investments may be fully-owned or represented by a strategic interest of up to some 20% in the issued share capital of a particular company. Current Trading Gall Thomson's good start to the year has continued into the second half and, with oil prices reaching record levels for recent years, the Board expects this strong performance to be maintained. Lupus intends to continue to build up its portfolio of assets and expects that it will reach its optimum level, in terms of the number of companies in which it has a major interest, during the early part of next year. The key element of Lupus's strategy, the sale of these investments to companies with the relevant commercial or financial size and skill to make best use of them in today's very competitive environment, will then be underway. The Board looks to the future with confidence.
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There is some comment elsewhere that "Cammell Laird Holdings" is NOT in receivership, but it is just the UK yards. That does not correspond with this snippet from the "Group Structure" page on the company site. Stock Market Listing. Cammell Laird Holdings PLC is listed on the London Stock Exchange and is firmly established as a major force in the shiprepair, conversion and shipbuilding markets worldwide. |
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Text of the two RNS announcements. There is some confusion over names here. |
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Official List - Suspension - Cammell Laird RNS Number:9729B Official List 11 April 2001 |
NOTICE OF TEMPORARY SUSPENSION OF THE OFFICIAL LISTING ON A STOCK EXCHANGE (249) 11/04/2001 07:30 AM Following notification from the Financial Services Authority ("the FSA") that it suspends the securities* set out below from the Official List, the London Stock Exchange ("the LSE") suspends those securities from trading. The following securities are, therefore, suspended from official listing on the LSE with effect from the time and date of this notice. The listing for the following security has been temporarily suspended from 11/04/2001 07:30 AM at the request of the company pending clarification of the company's financial position. CAMMELL LAIRD HOLDINGS PLC 12% Senior Notes due 15/10/2010 fully paid (Registered in denominations of EUR1,000 each and integral multiples of EUR1,000 each) Regulation S (0-216-818) (XS0118724334) Rule 144A (0-213-109) (XS0118726032) Ordinary Shares of 5p each (0-059-433) (GB0000594332) fully paid |
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The shares are listed as CAMMELL LAIRD HOLDINGS PLC, yet the note below refers to Cammell Laird Group PLC. Not exactly clear is it? Is it, in fact legally correct? It appears that "CL Group" is the overall company, "CL Holdings" is the UK part of it. That is the section quoted in London and is the share now suspended. That part (CL Holdings) would take the rest of the group with it, hence the recievership. The share currently has NO value, not even 5p par. |
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AFR) 11/04/01 16:57: Cammell Laird Hldgs - Fthr re suspension of shares Cammell Laird Hldgs - Fthr re suspension of shares RNS Number:0356C Cammell Laird Holdings PLC 11 April 2001
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Date: For immediate release, Wednesday 11 April 2001 CAMMELL LAIRD CALLS IN THE RECEIVERS Cammell Laird Holdings PLC ("Cammell Laird" or "the Group"), the international marine services company, today announced that it has asked its principal bankers to appoint Receivers at its intermediate holding company, Cammell Laird Group PLC which is the holding company for all the operating subsidiaries within the Group. This decision follows a recent series of events that has caused significant damage to the trading and financial position of the Group. In Autumn 2000, the Group had a record level of enquiries totalling approximately £750m which gave the directors high confidence in the future prospects of the Group. The business had grown substantially reporting pre-tax profits to April 2000 of £15.9m. Investment was made in employees and infrastructure in anticipation of further growth. For the rest of the article, look up the RNS number above left. |
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Happy Christmas. |
A Holy Christmas to all. May 2009 bring Peace to the World |
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Holy Night - Oil on Poplar panel by Antonio Correggio (1489-1534) Gemaldegalerie Dresden. |
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A Happy New Year to all. |
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