Abbeycrest Share Discussion Threads

[knowing] 07/4/2010 12:37

Can only buy 25K now

[knowing] 01/4/2010 15:34

I notice that the max buy has been cut back to 50K now.

[knowing] 01/4/2010 09:20

Rainmaker thanks for your input. There are alot of stocks out there which the current valuation begs belief and hopefully we shall see a return to normal valuation in the future and look back at the opportunity presented to us.

Well with PG holding 29% plus other large holders it does mean that there is not a massive amount of stock to go around so hopefully the recovery shall be sharp when it happens.

[ben value] 01/4/2010 09:14

Hi Rainmaker - interested to see you here. I tried to buy some more ACR yesterday after seeing PG's purchase.

regards

[rainmaker] 01/4/2010 01:51

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

[knowing] 01/4/2010 00:16

Still say that after paying off the loan they must be making serious cash.

[knowing] 31/3/2010 16:06

I hope that we may see continued buying from our investor.

[knowing] 31/3/2010 11:35

Peter Gyllenhammar buying then.

[knowing] 31/3/2010 11:17

Buyers in again today.

[knowing] 30/3/2010 17:55

Just noticed the large trades and the rise today. Seems like people may be taking notice at last.

[baner] 01/3/2010 09:35

unusually sound risk/reward in this; virtually "no" downside from this level once the refinancing was put in place. with £3m EAT-potential in 2 years - EPS then 4p - these shares will go up by 3-400% as potential materialize. but it is likely to come gradually and rather slowly to being with.

[knowing] 01/3/2010 08:42

Must be generating a fair bit of cash then.

[knowing] 27/1/2010 12:07

Moving up slowly but surely.

[knowing] 25/1/2010 22:28

ABBEYCREST, the international jewellery designer and manufacturer, said today that despite the adverse impact of foreign exchange movements and the rising price of gold its trading performance has remained solid.

The Leeds-based firm said key performance measures including underlying profitiability, working capital and net debt continue to improve year-on-year.

The remaining balance of £1m outstanding on the loan from the group's junior lender is due to be repaid in February and the group is progressing a number of options...

[knowing] 21/1/2010 22:14

Early days but could be a double bottom on the chart.

[knowing] 21/1/2010 14:39

Bit of life in her today.

[knowing] 21/1/2010 11:48

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.

[knowing] 18/1/2010 22:30

Wow not seen an RSI licking the bottom like this in ages. Very, very oversold

[knowing] 18/1/2010 14:41

Moving it up now.

[knowing] 18/1/2010 13:58

Bit of stock changing hands today.

[knowing] 18/1/2010 13:11

Nearly at the placing price.

[ls lowry] 15/1/2010 13:59

Avoid all retailers with tax rises to come and the Tories warniing of massive cuts retailers will suffer...

[cockneyrebel] 15/1/2010 13:28

dull statement, little guidance.

I still hold a small amount of these - they seem to be moaning about gold going up but it's the same for all jewellers.

Need to see the results really to see how they are doing.

CR