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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Abacus Group | ABU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 55.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 55.50 | 55.50 |
| Top Posts |
|---|
Posted at 10/10/2008 15:44 by jhan66 I think it will go through okay but everyone can see ABU need it, so could get v.nervous. I just sold because I think I can do better elsewhere in the short term in this very scary market. But hope everything goes well for holders. Might get a counter bid yet. Then I'll look stupid |
Posted at 03/10/2008 11:05 by mt67 Now trading NAV ex intangibles/goodwillMy guess is this business should be able to hold it's own and banks should be supportive as this company has an underlying strong business model which will flourish in a more stable environment in 12months time. I would like to think ABU if they anticipate a problem with their debt/interest repayments they would be renegotiating the covenants like housebuilders have been doing. Inflation must be easing (it is in Euro) so interest rates must come down. The div could/should be passed to pay down debt which wouldn't be a bad move in the current climate. Predators now see substantial value here, so a decent premium could be announced in the next few weeks. |
Posted at 20/9/2008 10:32 by mt67 " Notwithstanding the current trading environment, the Board of Abacus believes that the Company's share price has failed for some time to reflect the underlying value of the business and now materially undervalues the Company."Why would management accept 25p when the above clearly states they believe the current value materially undervalues the company. Anything above 50p imo still undervalues this company massively as in 1-2 years time the macro environment should be improving along with a higher share price anticipating better times ahead, but bear markets throw up these low valuations for predators to snap up vastly undervalued companies. Of course debt is the concern but i believee ABU will come through and profits will be substantial in the future but i guess we will have to see whether management are negotiating from a position of strengh or if their hand is weak. If the share price is 25p and the mkt believed that to be the price investors/pi's would now be dumping in case the deal doesn't happen...there clearly is upside from here...how much is anyones guess lets hope management obtain a much higher price. |
Posted at 08/9/2008 16:24 by cyberpost jimmy... it has AT trade flag.and ABU is an order book stock. |
Posted at 08/9/2008 16:16 by philjeans Another nice buy today; ABU issued a trading update in early October last year - that should determine the price direction. Either a massive correction or further falls. |
Posted at 14/8/2008 10:22 by dumbarton2 I have checked th trades over a longer period the institutions been dumping stock more than buying as for the euro its set to climb against the £ hence the ABU debt could climb yet again. |
Posted at 12/8/2008 14:09 by philjeans All possible SG but fully discounted in the price!On it's back having fallen from 350p tp 23p - still very profitable, paying divi fully covered and debt reducing to plan. Bon chance! |
Posted at 12/8/2008 13:35 by simon gordon 'Some' debt - more like a 'mountain' of debt.The market seems to now expect that Europe will have a harder landing than the States. ABU could see a fall off in business in 2009. Good fortune. |
Posted at 31/5/2008 09:59 by dumbarton2 The fall was expected. Best to avoid high dividend shares they can collapse when the dividend is cut. I HAVE BEEN BEARISH FOR A LONG Time.A far better bet is EKT results earlier this year expected mid to early June, dividend expected to rise amnd the co is expected to make record profits. I expect no debt and cash accumilating. |
Posted at 11/3/2008 16:53 by bletherer To state the obvious, the yield is not safe, as ABU's indebtedness means it does not have any padding if recession wipes out their profits. That said my impression is that management is keen to maintain the dividend if it possibly can, so we'll have to see how it goes in the next few quarters. My wild guess is there's something like a 40% chance that ABU retains the dividend as is or close to it, a 50% chance that the dividend is abandoned or significantly cut in the short term but that long-term the company survives and returns to profitability and dividend payments in the next cyclical upturn, and a 10% chance she goes belly-up. |
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