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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Abbeycrest | LSE:ACR | London | Ordinary Share | GB0000037191 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 1.50 | GBX |
Abbeycrest (ACR) Share Charts1 Year Abbeycrest Chart |
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1 Month Abbeycrest Chart |
Intraday Abbeycrest Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 08/2/2012 | 16:07 | Abbeycrest with charts & news | 274 |
| 21/8/2008 | 21:24 | getting the new 'abbey habit' | 7 |
| 05/8/2008 | 23:11 | Abbeycrest - a jewel of an investment ? | 279 |
| 30/12/2005 | 11:07 | ACR- abbeycrest - | - |
| 01/10/2002 | 00:19 | will it go private | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 17/12/2010 10:39 by moathunter Rainmaker - 21 Jul'09 - 12:46 - 16 of 257I'm a large shareholder and will continue to hold....IMHO definitely one to buy and hold at current levels Rainmaker - 1 Apr'10 - 01:51 - 95 of 257 Value Investor and new Abbeycrest shareholder Peter Gyllenhammar... has timed this one pretty well and I don't think he'll have to wait for a good return here. In short I believe there is terrific potential here. Rainmaker- Pay scant attention to Gyllenhammar's investment choices. Certainly, his annual average return is c. 10% over the last decade. That's c.>8% points higher than the FTSE and excellent for someone managing over £70m (and recent Waterman buy was quite attractive). But a small investor can do better than that due to obvious structural (£) reasons. Personally had a quick look at Abbeycrest at £2.5m. However there's too much short-term pressure compounding the long-term failings. Short-term, high gold price pricing out a weak UK demand for jewellery (over 40% of revenue?), coupled with D/E ratio >0.5 on immediately recallable debt. Long-term, it's a secular failing business model with wafer thin margins and repeated annual ""one-off"" expenses... and changing their business plan within two years of their previous revision. Turn-arounds rarely do. Avoid ACR (it's on a 'popcorn watch' along with other basketcases NTBR, NAR, RCG, UNIQ and HVE). Popcorn anyone? Ben Value? Rainmaker? |
Posted at 17/12/2010 10:02 by ben value Rainmaker - thanks for the information about Burdale. I have just managed to sell my ACR. A pretty bad loss but better than nothing. Quite hard to sell them as I could only sell 15,000 at a time.regards |
Posted at 16/12/2010 14:40 by rainmaker NY Boy-the financier for Abbeycrest is Burdale, a so called lender of last resort. IMHO once a banking covenant is breached with them it's administration and liquidation.I think the writing is definitely on the wall for Abbeycrest. Really it's not worth buying shares where there is any real solvency risk and you don't need to, as there are plenty of great value shares on extremely low ratings with strong balance sheets whose share prices will recover.regards |
Posted at 05/5/2010 11:34 by snozzy Have been buying here over the past week when stock has been available. Not sure whether we need news for the share price to move upwards or if the lack of shares with continued buying will be sufficient to get us moving?....... |
Posted at 04/5/2010 11:12 by lomax99 I think this one's a keeper - given the share price targets, I'm looking forward to the Directors receiving their full allocation of share options over the next couple of years! |
Posted at 09/4/2010 14:03 by daz BanerWith Gyllenhammar having 30% of the company, he would certainly have been consulted, so I think it can be taken as read he will vote it through. He probably had a hand in setting those share price targets, as it gives him an exit strategy as well. I suppose the other thing is that with the company being so small the value of the options isn't huge, the company would be valued at £14.6m at 20p, so they would share approx £1m between them, if the exercise price is 9p. Simon Ashton is paid 150,000 and the other directors £100,000 according to the placing document, so this is a big part of their potential remuneration. Still think the proportion of the company being optioned is way too generous though. |
Posted at 09/4/2010 13:14 by daz Lomax99Thanks for bringing that to everyone's attention. While I'm in favour of aligning the directors and shareholder interests through the use of options, to grant options to the directors for 12.72% of the entire company is staggering. I'm not sure the EPS targets are that challenging, as we're already into year 2 of the turnaround when the benefits of the new strategy should already be coming through. At least though the share price targets are much more difficult, this company is never going to be that highly rated especially after what's happened recently, so applying a p/e of 7 to 2012 earnings of 1.7p gives a share price of only 12p, so I think they will have to go some to get the price above 20p |
Posted at 09/4/2010 11:31 by lomax99 I have just had a look at the proposed executive share (re RNS on 19/3/10), it certainly incentivises the Directors. It potentially gives them options over 12.72% of the share capital, rights to these options occurs in 3 tranches:1) 20% now, with an exercise price of 9p 2) 30% by 30/6/11, if the mid-market price is at least 13p for 20 trading days during the year up to that date AND fully diluted EPS are at least 0.93p 3) 50% by 30/6/12, if share price is at least 20p for 20 trading days in that year and fully diluted eps is at least 1.67. Let's hope they hit their targets - particularly the final one, which is only just over 2 years away. |
Posted at 01/4/2010 01:51 by rainmaker Knowing, You won't see any more buying from Value Investor and new Abbeycrest shareholder,Peter Gyllenhammar as he reached his target holding of just under 30% where he sits and waits for the gap to intrinsic value to be closed through a rising share price. I think he has timed this one pretty well and I don't think he'll have to wait for a good return here.I like what I seen here-new Management have made a real difference in driving the business forward-cost cutting, falling stocks and debt the Company have abandoned the low price/low margin commoditised end of the market in favour of more expensive value added products. In short I believe there is terrific potential here. Riskier than you average Value share though. regards |
Posted at 21/1/2010 11:48 by knowing Abbeycrest (ACR, 7p, £5.15m), the international jewellery designer and manufacturer, reports a trading update since the interims to 31 August 2009. Performance has remained strong despite the increase in gold price, which continues to negatively impact demand and the adverse impact in forex movements, especially in the Hong Kong dollar and Thai Baht. The rise in gold prices is increasing pressure on margins. Underlying profitability, working capital and net debt continue to improve y-o-y. The £1.0m outstanding loan is due to be repaid on 28 February 2010 - Abbeycrest is making progress on a number of options in relation to final settlement. The business is stronger in H2 due to the inclusion of trading to the run up to Christmas. We believe higher unemployment, tax and interest rate expected in 2010 will weaken consumer confidence. Previous broker forecasts of PBT of £0.65m and EPS of 0.85p, have been withdrawn from the market. As we had stated in the interims, we thought the group would have struggle to achieve those numbers. Since our Sell recommendation on 23/10/09, the share price has fallen 26%. We upgrade our recommendation from a sell to a HOLD. |
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