|Associated British Engineering
||EPS - Basic
||Market Cap (m)
|AB Engineering Daily Update: Associated British Engineering is listed in the Industrial Engineering sector of the London Stock Exchange with ticker ASBE. The last closing price for AB Engineering was 40p.|
Associated British Engineering has a 4 week average price of 30p and a 12 week average price of 30p.
The 1 year high share price is 90p while the 1 year low share price is currently 30p.
There are currently 2,048,990 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Associated British Engineering is £819,596.
|jahl frezi: PE 2, pension fund sorted and now manageable.
Market Cap £1m
NAV per share 208p v share price of 85p.
Perfect for a reverse.|
|glennborthwick: must get my head around this pension issue - but to earn 15p share at interim on a share price of 50p attractrs the gambler in me|
|responsible lad: ANNOUNCEMENT TO THE LONDON STOCK EXCHANGE
Associated British Engineering PLC ("the Company")
Movement in Share Price
The Board of Associated British Engineering PLC has noted the movement in the
Company's share price and knows of no reason for the rise. The Company continues
to be in discussions regarding thepension situation and is attempting to
resolve difficult issues.
For further information:
Colin Weinberg, Director (020) 7253 7502
Robert Lo, Nabarro Wells & Co. Limited 020 7710 7400
This information is provided by RNS
The company news service from the London Stock Exchange
|anhar: This tiny cap seems to have cash well in excess of its share price, in fact it appears to be little more than a cash shell with little or no trading left.
Looks highly attractive to me, the sort of company that someone is bound to come along and make something out of at some point.
Looks like it might be interesting. However there is a gigantic spread of some 15p on an offer price of 60p. Apart from the spread though, does anybody see any reason why it might not be a great punt? Personally I can't see much wrong, it looks all upside to me but maybe someone knows different? I'm going in unless somebody here can convince me aganst it.|
|gekky: Thnx for your feedback.I first got to hear of this stock from a collegue of mine this time last year.The share price at that time was languishing at around 300p when it started to move down,finally settling at 180p where i picked up 5000 shares.Soon after they rebounded and peaked at around 550p!Just wondering whether it is time to buy back in again?
|michaeld: I bought 1k shares this morning and 1k this afternoon (at 183p, shown as a sell on advfn 'trades') after expressing a wish to purchase 5k (a mistake?). The MM's marked the price up after each of my trades.
Company is selling Havant factory site for approx 1£M (I believe it is worth a lot more after looking at it. Two acres, just a stones throw from the town centre?). Even so, the company will have £2M approx in cash and the remaining subsidiary 'Polar Engines' incorporating the recent acquisition 'Kelvin Diesels', said to be trading profitably, I believe. With 1.3m shares in issue, a large proportion of the present share price is in cash. Hopefully, Mr Pearce Gould will soon find an exciting, profitable acquisition or if some non profitable engineering outfit; one that is sitting on valuable property assets, to the future benefit of shareholders and not some property developing pals of his? I am suspicious about the price accepted for the Havant site. I reckon Plc properties ought to be sold by means of a high profile auction after having been advertised in the National press, so that we, the shareholders can be sure that there is no dodgy dealing going on? Time will tell about Mr Pearce Gould but he can't do much worse than Mr Barry did, can he?|
AB Engineering share price data is direct from the London Stock Exchange