Abbeycrest Share Discussion Threads

[knowing] 07/12/2010 15:30

75K offered online which will be the remainder of the 250K sold.

[knowing] 07/12/2010 13:43

+------+----------------------------------------------------------+
| � | Revenue increased by 5% to GBP18.8m (2009: GBP17.9m) |
| | |
+------+----------------------------------------------------------+
| � | Operating loss pre-exceptional items of GBP0.1m (2009: |
| | profit GBP0.2m) |
| | |
+------+----------------------------------------------------------+
| � | No exceptional items (2009: exceptional profit GBP1.5m) |
| | |
+------+----------------------------------------------------------+
| � | Pre tax loss after exceptional items of GBP0.5m (2009: |
| | profit GBP1.3m) |
| | |
+------+----------------------------------------------------------+
| � | Inventory in line with prior year at GBP8.6m (2009: |
| | GBP8.5m) |
| | |
+------+----------------------------------------------------------+
| � | Reduced net debt by 14% to GBP7.0m (2009: GBP8.1m) |
+------+----------------------------------------------------------+

Commenting on the interim results, Simon Ashton, Executive Chairman of
Abbeycrest, said: "The outcome for this financial year is, as usual, dependent
upon the key Christmas trading period and underlying retail conditions in our
existing markets. Notwithstanding this, the Board believes that the Group's
performance has now stabilised sufficiently to ensure that it will benefit
incrementally as the effects of the recent restructuring are felt and the
strategic shift to design-led product gains traction."

[knowing] 07/12/2010 12:10

Bid up now.

[knowing] 07/12/2010 12:02

Looking at it another 80K of buys put's it back at 5p+

[pre] 07/12/2010 11:58

aah... seen it now knowing:-)

[knowing] 07/12/2010 11:52

No reckon it was that 250K just reported Pre hence the tick up.

[pre] 07/12/2010 11:42

looks like the cold weather in the UK could be adversely impacting the business hence the drop imo....wait and see what happens here as uk retail is gonna have a tough time imo.

[knowing] 07/12/2010 11:34

Virtually all buys so far

[knowing] 07/12/2010 10:43

All time low. Limits cut to 25K here.

[lord gnome] 05/11/2010 08:49

Interims nothing spectacular. Money lying idle here whilst the market is moving. Sold half to reinvest elsewhere and hopefully recoup some of my losses.

[lord gnome] 22/10/2010 07:14

Some good news at long last, we're not going to run out of money just yet. Interim results out any day now - let's hope they are positive for once.

[watchout2] 20/7/2010 11:20

You have to hand it to knowing that is was a great pump and dump
at the time, ramping on 6 different bulletin boards then selling
and vanishing, would have thought advfn would have been enough !

[lord gnome] 20/7/2010 07:32

Pretty dismal RNS this morning. Management seems to be struggling mightily to keep the ship on course.

[lord gnome] 30/6/2010 21:09

They do have important covenant tests coming up - and they could prove sticky - but generally things seem positive. Too many 'ifs' 'buts' and 'maybes' to get in deeper at this stage, so I'll hold what I have.

[knowing] 30/6/2010 21:02

Abbeycrest back in the black
StockMarketWire.com
International jewellery designer, manufacturer and distributor Abbeycrest is back in the black with pre-tax profits of £1.6m.

Revenues for the year to the end of February fell to £39.7m from £53.1m after a strategic withdrawal from lower margin activities.

The firm posts an operating profit, including an exceptional gain of £1.5m (2009: exceptional cost £8.2m), of £2.4m (2009: loss of £7.1m).

A pre-tax profit, before exceptionals, of £55,000 compared with a loss of £1.0m in 2009.

Pre-tax profit, after exceptionals, was £1.6m (2009: loss of £10.1m).

Executive chairman Simon Ashton said: "Market conditions remain challenging and whilst we are pleased with the progress of the turnaround, there is still a great deal to do within the business.

"Our 'Essentials' and 'Brands' divisions are at very different stages of development but our main focus now with both is to generate top-line growth.

"Managing our exposure to any further increases in the gold price, given the clear impact of this variable on working capital funding, also remains key.

"As we approach the key Christmas trading period, we maintain our belief that the group is now much better positioned to capitalise on the opportunities in the global jewellery market."

[knowing] 30/6/2010 21:00

Didn't notice those slip in. At least they turned a profit.

[lord gnome] 30/6/2010 20:56

Nothing to set the pulse racing there then - but it does seem to be going in the right direction.

[lord gnome] 29/6/2010 07:33

Looks like results tomorrow then :0))

[lord gnome] 25/6/2010 08:39

Looks like results next week then. Clearly no sneaky buying ahead of leaked good news!

[chadders] 17/6/2010 08:24

Results next week?

[knowing] 17/6/2010 00:48

I think anyone buying at these levels will be rewarded quickly.

[knowing] 16/6/2010 15:14

Looks like it was just walked down on low volume. Probably move up just as quick.

[lord gnome] 15/6/2010 12:14

A couple of small trades over on Plus, but nothing to explain the drop. Lots of stock going cheap today if you want any. T20 available at below the offer with TDW. Makes me nervous when that happens.