||EPS - Basic
||Market Cap (m)
|Household Goods & Home Construction
Real-Time news about Airsprung Group (London Stock Exchange): 0 recent articles
|newbe: I reckon the share price would rocket,they borrowed money to buy a company that does not seem to be doing well,they cant even sort out the upholstery company that used to make money in Chorley so all a bit flaky if you ask me,as usual just my opinion|
|eipgam: newbe... got any more ideas. You seem to know this co better than me!!
So Perlofff had 12.7 and has just added Redbirds 29.9 by the looks of things and must have his eye on the property assets that have been flaaged here a year or so ago. I wonder what he will pay? Surely he must launch a full t/o now?
Property investor Andrew Perloff has taken his stake in beds and furniture manufacturer Airsprung Group to 12.7% following the purchase of Schroders' 7.9% stake.
Redbird Holdings is Airsprung's largest shareholder with 29.9%, while chief executive Tony Lisanti owns 14.7%.
At 25.5p a share, Airsprung is valued at £6.09m. The share price has edged up on the back of Perloff's buying. The shares are still trading at a discount to net tangible assets of more than one-third.
That asset value includes land and buildings that were valued at £4.95m (before depreciation) at an open market value on 1 April 1997.|
|greek islander: Collins and Hayes are a big company locally with what was a superb reputation and were until a short time ago trading very successfully and profitably until they appear to have overtraded and went I think into administration and were then bought by new owners.
Obviously they have now sold the business on whilst continuing to manage under the new Airsprung ownership.
This was a highly profitable expanding concern and should be a very good buy and add all sorts of synergies to the existing trading base.
Glad to see Airsprung not sitting on their laurels but looking to actively move forward. A very encouraging sign. Could now see APG with a share price more commensurate with the financials. Interesting day for long term APG holders like me.
EDIT CR good to see you hanging in here. Been a disappointing ride for a while now. I bought these and WGB at roughly the same time and for very much the same reasons. Asset value was very good and the share price hardly reflected the financials and some good non-cash assets for both and while WGB has surged forward (about 135% increase in the last 12 months or so) APG has generall gone backwards in terms of share price Some you win, some you lose, now maybe it may yet change round at APG and we might see some buying pressure.|
|ls lowry: Yes and retail spend is set to get worse. The problem with anythig retail is thigs can turn very bad quickly and thats what the market thinks hence the share price stayed low while the market was picking up. Cash can be wiped out quickly when consumers stop spending and with the autum spending review coming these are not the stocks to hold at them moment.|
|liarspoker: I'm not sure if the property is worth 3 X book value but I see it as follows:
Short term assets less all liabilities = GBP 1.6m
Depreciated book value of property = GBP 6.5m with just under GBP 5m of that valued last in April 1997 so should be worth a bit more.
So GBP 1.6m + GBP 6.5m ( conservatively ) = GBP 8.1m
Market cap today ? Work it out. :O)
Should a bid occur then they'd have to pay well over GBP 8.1m imo if you factor in intangibles and full property valuations.
The dark horse is the pension deficit but apart from that this company is just being ignored because there's no super growth in the share price.|
|callumross: Huge sale at well below market price. Would expect the share price to fall back sharply.|
|cockneyrebel: Trading statement was late March year before last, no t/s last year as nobody was interested.
Reckon t/s may be tomorrow seeing the share price is on the up - or Tues perhaps?
|newbe: CR,been away for a while so have not read the various comments,can you enlighten me please,what was the share price when Lisanti took over?how much did he pay for his shares?and who were the useless previous management you refering to?i realize i could find all the info by digging about as its pretty much public knowledge but you seem to have the info at your finger tips|
|cockneyrebel: No I'm still holding every share I've bought in APG - why would I sell at 12p or whatever when I've held all the way down?
Your mistake is to believe that the share price is the right price, it isn't. It's a short term valuation placed on a company by a market with a sentiment. If APG was a liquid FTSE stock it would have rallied like FCCN, AXN, TPT, DEB etc. But it's illiquid. The 100% bounce it had from 7p to 14p in days can happen quite easily again from 14p to 28p. Hardly any stock has been sold during the fall.
Elmfield hit the price dumping 120K @ 6p when the market price was 12p. Someone else is currently selling (dunno if Elmfield is selling his other 120K) but they will clear too and when there's no stock about the buyers will drve this up fast again imo.
Cash call? I very much doubt it imo - if they were strapped for cash they wouldn't be acquiring companies for cash as they are doing with all that implies for their cash and cashflow imo.
Still, nice to see you trying to knock it when the market's a bit weak - I guess you'd like to have bought at 7p as I did and now you're trying to do so?
You won't get a look in when the seller's done imo.
|run rabbit: Market turmoil as we have witnessed over the last few months always presents buying opportunities. Back in 2000 people were always screaming about the "worst case" scenarios and that companies were going bust etc.... Yes a few did but many survived and those that bought at low levels were hugely rewarded.
With only 24.5M shares in issue this a closely guarded. Directors saw value recently at 19p and probably realise that when this bear market turns APG shares will be closer to 40p than 10p.
Ofcourse one should never invest money which they cannot afford to lose but there are many throwing their hard earned cash at very poor companies with litte fundamentals. I firmly believe APG will survive and prosper. I also hope that the recent news regarding the expansion into the US market will bolster the share price further.
Today there is alot of speculation that the housing market has bottomed and things may be on the turn. This ofcourse is also good news for APG and further more it's shareholders as we look to the future.|
Airsprung share price data is direct from the London Stock Exchange