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ENN Ennstone

1.15
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ennstone LSE:ENN London Ordinary Share GB0001787257 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.15 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 1.15 GBX

Ennstone (ENN) Latest News

Real-Time news about Ennstone (London Stock Exchange): 0 recent articles

Ennstone (ENN) Discussions and Chat

Ennstone (ENN) Most Recent Trades

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Ennstone (ENN) Top Chat Posts

Top Posts
Posted at 30/11/2009 10:12 by philo124
FOR THOSE DOING THEIR TAX RETURN AND HAVE CGT TAX LIABILITY- ENN
IS NEGLIBLE VALUE PER REVENUE AGREEMENT 02/04/09.SAVED ME £1000. LOL
Posted at 13/4/2009 23:30 by whyme
maybe a case of if the company was sold whole via shares or by asset then this maybe the case.
selling via share's means maybe that you have debts and all nothing left out. An asset sale maybe you hand pick the sale parts from the administrators.

Maybe one could say that each shareholder owns an asset or part owns each asset of the company or the future good will purchase ?
Or each shareholder has the company house share nom value ?

The stucture of the new company maybe quite interesting within 3 weeks a lot of
directors moved. perhaps it would be a learning curve to watch out for this in
other companies.

Barclays is still the funder so it seems.

Not only do I feel sorry for us shareholders but also for the suppliers who maybe left with nothing, no loyalty to the shareholders who may have helped the directors in their fortunes.

Dump and Run ?

A better option could be to contact your MP or the banking comm in the commons for investigations into this type of practice and supplier and shareholders compensation.
Posted at 29/1/2009 08:37 by whyme
I have been here a few times and twice out of many its been good news.

If only the Banks would be suspended when the prices fall greatly or
in crazy markets.

The good companies re-introduce itself into the market and the price
moved in multiples. Some have come out as a buy out and came out good
for the companies and mulitples for the share price.

Most have gone and moved out of the market.
Posted at 28/1/2009 10:09 by nod
ENN's reason to request the suspension is given by the FSA as:

"pending clarification of the company's financial position"

The company's financial position has been very clear for quite a few months. I don't see why they need to suspend trading - the share price can hardly go any lower.
Posted at 27/1/2009 14:18 by abadan2
The Ennstone share spread and share price are not being moved around by market makers as Ennstone is quoted under the Share Electronic Trading System ("SETS"), where any buyer or seller can get his broker to put his order up on the screen. Thus, if the "touch" price shown is 1.0p (best buyer) to 1.3p (cheapest seller) and you get your broker to put up your order to buy 100 shares at 1.1, the share price on the screen will immediately change to 1.1p to 1.3p. This is why there is so much volatility.
Posted at 14/1/2009 21:28 by nod
Another disposal today and not too far below book value. Do these disposals indicate that an overall takeover of ENN as a limited company is unlikely?

Ennstone's assets are easily sliced up and sold - indeed many were bolt on acquisitions which should be fairly easy to unbolt and sell individually or in small bundles. Of course, they will have to take a big loss selling assets in todays market but selling some should ensure their survival.

It's probable that the sum of the parts is much greater than the whole - the market cap today is less than 5m.

Business web sites give different lists of ENN assets and it's not 100% clear to me what assets Enn have, but it looks to be something like this:

UK totals:
23 quarries
19 asphalt plants
26 concrete plants
7 contracting operations

Poland: 14 plants (aggregates and concrete)

USA: network of 100 concrete truck mixers; bolt on acquisitions since 1997
10 plants

The share price looks like falling as markets turn sour again. Even news of disposals doesn't help the share price

I may have another punt if it falls back below 0.5p

At that level it becomes a multi-bagger or bust.
Posted at 10/1/2009 08:33 by palwing
Ennstone Friday Close 1.48p Volume 5,885,901

Friday change +85.00%

1 day change +127.69%

7 day change +335.29%

14 day change +270.00%

30 day change +97.33%

Be careful out there, it's STILL a minefield! ENN is a risky bet and their success is very dependent on management/restructuring of their considerable debt (£200m). However, something is pushing the share price and volume has been good recently, but rarely do you get a free lunch.

Oversold? Julian Cooper effect? MM's suckering in punters? Bottom feeders? Holders averaging down? Genuine chance of recovery? Who knows? I certainly don't.

Whatever the reason, being one of the top 3 All Share risers on Friday will ensure ENN pops up on a few radars this weekend.

Monday could be interesting. Good luck all.

O/T

RW..I see Swaffham Woolies is going to become Iceland.
Posted at 29/12/2008 08:27 by bodgit
Extract from article - 'The year's worst performers'

By Jane Croft

Published: December 29 2008 02:00 | Last updated: December 29 2008 02:00

FTSE ALL-SHARE

Ennstone

A poorly timed acquisition binge and the downturn in construction landed Ennstone, the aggregates group, with the unenviable title of biggest faller on the FTSE main list this year, writes Stanley Pignal .

Shares tumbled so far - from 36¼p on January 1 to 0.35p in mid-December - that Ennstone fell off the main list before Christmas.

The equity of the only UK-listed quarry operator is worth less than £2m, from £177m at the start of 2008.

Ennstone buckled under a £200m debt pile it acquired following rapid expansion in the US and Poland in recent years.

Having defaulted on its US debt this month, it is in desperate talks either to liquidate assets or look to be taken over.

Until a deal is done, Ennstone is in limbo, with its operations hampered by Treasury problems and the impossibility of securing credit from suppliers, a person close to the company said.

The group's debt ballooned from £160m at the start of 2008 to just under £200m at the end of June, with a small rise expected at the year-end. A hoped-for equity raising by the end of December to ease the burden became unfeasible due to market conditions.

In spite of this, observers note that some value remains in the Derby-based business. Quarries are defensive, offering in effect local monopolies where margins can be defended. Some of their end markets, such as road maintenance, are more resilient than other parts of the construction sector.
Posted at 11/12/2008 14:21 by ed 123
With apologies to holders, anyone watching but wanting a memento of Ennstone plc should put in a small buy order soon. I'm tempted to buy a couple myself, then I'd get the certificate framed and hung on my wall. Forever, it would remind me to get out of a stock if a strong downtrend developed. Although, I fluked an exit near the top with Ennstone, I have held some others too long, painfully hoping that their fundamentals would see a quick reversal of the downtrend.

The market now says half a penny per share for Ennstone. I remember a while back, the management rebuffing a muted offer of 42p per share .... how times change .... another victim of the downturn/credit crunch.

There can't be much longer to wait.

Commiserations to holders.
Posted at 01/9/2008 10:59 by shawzie
From Interim Results :-

"The Company is considering a number of options - - - - there can be no guarantee that any such options would be successful - - - casts doubt on the Company's and Group's ability to continue as a going concern - - -"

Strip out "Goodwill" and the NTAV is around the current share price

The Company has been paying inflated prices for the purchase of assets
in recent years and should have been more prudent in use of cash resources.

If the nominal value of ENN shares is 25p and the current share price is 15p, could the
current shares be split and issued as 10p shares? A further rights issue could then follow at say 12.5p to raise additional funding.

The real problem is - can management be trusted to use cash to reduce debt?
Ennstone share price data is direct from the London Stock Exchange

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