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QLC Qualceram

7.50
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Qualceram LSE:QLC London Ordinary Share IE0007172707 ORD EUR0.12
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 7.50 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 7.50 GBX

Qualceram Shires (QLC) Latest News

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Qualceram Shires (QLC) Discussions and Chat

Qualceram Shires Forums and Chat

Date Time Title Posts
30/6/200921:04Qualceram Shires - Value the Market missed34

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Qualceram Shires (QLC) Top Chat Posts

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Posted at 07/12/2007 10:24 by sscrabble
Anyone looking at these at the moment - even with the warning eps are forecast at about 6 or 7p, and the property sale going thru looks to be worth about 80p or 90p a share in cash ( although they will have to get alternative premises) - am I reading this right - looks like a bargain at present levels?
Posted at 30/4/2007 08:38 by lbo
Qualceram completes €2m freehold deal
Tuesday April 24th 2007

BATHROOM suite maker Qualceram Shires has completed the contract process to purchase from the Arklow Harbour Commissioners the freehold interest relating to part of the group's facility at South Quay, Arklow for €2m. The purchase has been approved by the Department of Transport but requires the approval of Qualceram shareholders.

Qualceram already owns the freehold interest in the remainder of the 13-acre Arklow site which is zoned WDZ (Waterfront Development Zone), which provides for mixed-use development such as hotel, recreation and residential purposes.

The group intends to sell its Arklow site and to relocate to an alternative site in the area, with the objective of developing the new site into a modern manufacturing and international distribution centre for its global business.

Qualceram's facility in Arklow is located on 13 acres of coastline property which has been zoned for residential, recreation and hotel development. Until now, the group owned one-third of the site, with the remaining two-thirds on a 900-year lease from the Arklow Harbour Commission. The site will be put to tender this week, with the final date for receipt of tenders set for June 7.

According to Davy analyst Robert Gardiner, the full site could potentially be worth €39m.

"With the one-third that Qualceram already owns on the books at €8m and having paid €2m for the remaining two-thirds, the site could be worth €29m, or €1.31 per share, to Qualceram. This is before the costs of relocation and capital gains tax."
Posted at 30/4/2007 08:37 by lbo
Privatise Qualceram
BATHWARE company Qualceram Shires returned to the black last year. It turned in pre-tax profits of €3.9m in 2006 as against a loss of €5.1m in 2005.

Despite last year's profit recovery, the fact remains that Qualceram's shares have been an absolute dog since the company first listed on the Stock Exchange a decade ago. Floated at IR150p (€1.90) in April 1997, the shares traded at €2.06 last week.

Indeed, 12 months ago you could have bought the shares for just €1.28.

Even after the recent recovery in the share price, Qualceram is still a Stock Exchange minnow with a capitalisation of just €45m. If this is the best the group can manage after 10 years as a quoted company, then it should be taken private.

Qualceram had operating (pre-interest) profits of €4.1m last year. When you add the company's debts of €19.9bn and a pension deficit of €5.2bn, the total enterprise value is €70m. At over 17 times operating profits this would, on the face of it, make a take-private prohibitively expensive. Look again.

Three executive directors, chief executive John O'Loughlin, sales and marketing director John Byrne and technical director Tom Byrne between them own almost 42 per cent of the shares. This would knock over €18m off the cost of buying out the outside shareholders. Throw in the proceeds of the likely sale of the group's 11-acre site in the Arklow Waterfront Development Zone, and the net cost of any take-private shrinks to a very doable €30m or less.
Posted at 01/9/2003 19:01 by badabing
Definitely what I would call a quiet money share this....interesting that Gartmore added a further 200k last week though and hold some 15% of the company.....that must be telling us something about future prospects here....

Qualceram Shires PLC
22 August 2003

Qualceram Shires PLC ('the Company') received notification today by a letter
dated 18 August 2003 from Gartmore Investment Management plc, that its
reportable interest in the Company has increased to 3,260,105 ordinary shares
(representing 14.71% of the issued ordinary share capital of the Company).

The beneficial owners, and their respective holdings, are as follows:


Fund Managing Company No. of Ordinary Shares Beneficial Owner
held
Gartmore Fund Managers Limited 915,506 Gartmore UK & Irish Smaller Companies
Strategy Fund
Gartmore Investment Limited 2,068,976 Gartmore Irish Growth Fund Plc
Gartmore Investment Limited 275,623 Gartmore Absolute Growth & Income Fund
Plc
____________
3,260,105
Posted at 02/8/2003 06:13 by badabing
Wowl,

Agreed. As you say, we are talking about an EPS of only 4 for this year, even at 150p the share price would still leave it at only 6.88 for 03 and 6 for 04 - looks a bargain at sub £1 to me and even if the price doubled up to £2 it's still at only at a forward PE of 8 for 04.

Looked at the charts for this and MACD/RSI (a bit skewed due to thin volumes) + 50/200 day MA all looking very bullish to me with my favourite indicator "A Golden Cross" formation in June at @75p. In fact if you run the Candlesticks for the last 12 months you can almost see a mirror image of the fall from around £1.50 for the last year in the recent run upwards and the present "Cup" being formed.

Roll on September.....
Posted at 01/8/2003 19:07 by wirralowl
Hi Bada,

A pretty good day, eh ? If T&G (the housebrokers) are to be beleived, then EPS for this year of 22p still only puts this on a PE of 4.2, even after today 's rise. So there's still plenty more to come IMHO. QLC is still being judged on last years results, where EPS was just 6p, due to the inclusion of £9m of exceptional costs. The company now states all rationalisation is complete. Results due in September - then we should see the fireworks.
Posted at 01/8/2003 08:44 by wirralowl
Qualceram Shies are an Anglo-Irish company, that provide bathroom fittings at the luxury end of the market. They are the market leader in Ireland, with about 40%, but lag behind as No.3 in the UK.

They have had to endure some hard times, but have made some decisions that could turnaround the fortunes of the company. They have undertaken severe rationalisation closing the loss-making plant in Hanley (which led to exceptional charges of £9m on last years accounts). They have also undertaken a sale and leaseback programme of some of their properties, which has helped reduce gearing from 58m Euro to 20m.

However, as a result thay are now a fitter, leaner operation. Hanley will lead to savings of £3m a year for a start. They have a new Sales team in place and have launched new products into the UK market, which are selling very well. QLC are also set to benefit further from the currency situation, with the pound weakening against the Euro.

The company had to hold the dividend as a result of last year' s rationalisation measures, but is this year expected to resume dividend payments of around 4% per annum.

At its current rating the market either hasn't noticed, or doesn't beleive the turnaround story of Qualceram Shires. The shares are very tightly held, with a small free-float. Any small purchases tend to result in large price increases. I hold a few shares, so please dyor.

Mkt Cap £17m
Turnover : 102m
NAV : 122p
Price : 86p
Adjusted EPS for 2002 : 6.3p
Consensus forecasted EPS for 2003 : 22- 25p
PE for this year : Approx. 3.5 - 4
Qualceram Shires share price data is direct from the London Stock Exchange

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