Alexandra Share Discussion Threads

[greengiant] 11/9/2009 07:44

Mmm, when I bought into this I looked at the board and thought they looked weak. Now I know they are - PPM

gg

[the big fella] 10/9/2009 14:13

My average is a little under 13p so I have taken my stake off the table and a bit.

[arthur_lame_stocks] 10/9/2009 14:11

I'd hedged my bets with this a bit anyway, I bought a few on the off chance that there was good news imminent re the planning application but i'll buy more if the price continues downwards nearer to 20p.

[the big fella] 10/9/2009 13:52

I have to confess to reducing my exposure today. Plenty of stocks elsewhere on reasonable valuations which will probably perform better short term.

[arthur_lame_stocks] 10/9/2009 10:00

I wouldn't be too pessimistic. It wasn't unreasonable to expect sales to have fallen given rising unemployment. The big shock was the write off of stock which is equivalent to about 25% of all stock. Hopefully the new management are kitchen sinking it and the future will be a bit brighter, although I think we've got an 18 month wait for it.

Don't forget the property:

"In reviewing the balance sheet at the interim date, the Board has decided to maintain the current valuation of the surplus property at Bothwell, Scotland at £8.1 million, despite having received strong indications of interest from potential purchasers at levels significantly above this range. It is likely that any benefit from the sale of the property will materialise in the latter half of the 2010/11 financial year."

Hopefully the property will keep the banks happy to keep supporting the group until a sale can be made which should make a major dent in the debt and also help rebuild the balance sheet.

I thought they would fall more than they did today, I was going to have some more, but I think i'll hang on as i'm sure i'll get some cheaper than this soon.

[sscrabble] 10/9/2009 09:58

£9m redundant stock - how do things like uniforms and aprons become redundant stock ? No mention of heads rolling or reductions in staff because of the reduced turnover either. I thought this would be a straightforward business when I bought the shares - unfortunately it appears to be run by muppets !!

[roccoco] 10/9/2009 09:28

What is the pension defecit?

[the big fella] 10/9/2009 08:15

GG - just read it. A bit of a shocker I am afraid. Looks as if there will be recovery next year but looks like I called this one wrong (at this stage).

[greengiant] 10/9/2009 08:12

I agree, I will wait to ses if they manage to recover in the next year - but this time I wont be adding more

gg

[bollers] 10/9/2009 08:01

Not bad enough to rush for the exit in my opinion.

At least we know the reason for the large sales and dip in price earlier in the week.

[geraldus] 10/9/2009 07:36

Not pretty but the outlook is the key for recovery,could have been worse?

[arthur_lame_stocks] 10/9/2009 07:29

No that was pretty awful. £11m is going to make a big dent in the balance sheet, although they should recoup much of that from the eventual sale of the property.

I think I bought in a bit early!!!

[greengiant] 10/9/2009 07:22

Not a very nice trading statement - but it is one for next year. Oh well will stick around for a while more.

gg

[mikepompeyfan] 09/9/2009 12:25

Hi guys. I bought a few of these last Friday because l got nosey about the 14% rise on the day. How much upside do you think the approval of the planning permission for the supermarket would have ? I see a significent jump if passed and probably a temporary set back if rejected. Long term these should rise anyway hopefully.

[the big fella] 09/9/2009 11:40

Bidding for stock today. Can't buy a jot on line

[the big fella] 09/9/2009 11:10

Again Selftrade not letting you buy any online yet can sell 37500 well inside the spread.

[geraldus] 08/9/2009 20:48

Had a few of these myself yesterday.Johnson Services results out tomorrow,see what they have to say about the workwear sector.

[greengiant] 08/9/2009 18:04

TBF - I lied I bought another 10k to cause the tick up. Seemed sensible to me to carry on accumulating whilst the MM's were being so nice!

After all it would be rude to ignore their gift

gg

[the big fella] 08/9/2009 14:38

Can sell 37500 at the mid price online. Can't buy anything!

[the big fella] 08/9/2009 14:01

You have 60k more than me now!

[greengiant] 08/9/2009 13:37

the 55k and 25k were both mine to add - now accumulated 200k of these.
Will not be adding anymore - but comfortable with my position for a 1 year hold

gg

[the big fella] 08/9/2009 10:51

GG depends on the timeframe of your investment. Over the next year I see recovery returning to the bottom line and with strong cashflow, reduced debt I would hope for a divi.

[greengiant] 08/9/2009 08:16

TBF - Wise or stupid, time will tell. Another 100k delayed through late yesterday showing this morning. Somebody is keen to get out..

gg

[the big fella] 07/9/2009 16:51

Buy the dips - wise move.