Arden Partners Share Chat - ARDN
|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Arden Partners||LSE:ARDN||London||Ordinary Share||GB00B15CTY44||ORD 10P|
|Price Change||Price Change %||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
Arden Partners Share Discussion Threads
Showing 51 to 74 of 75 messages
|I'm fairly new to this company, but I spent some time analysing it, following which I wrote a 4,000 word report. Obviously I cannot post the whole thing here, but I would appreciate your views on the first section - is there anything I've missed?:
Arden Partners, a stockbroking firm hailing from the Midlands, has a market capitalisation of £8.1m (share price 42.2p) but a net current asset value, NCAV, of £8.86m.
It has £5.90m in cash, plus a bunch of shares it holds allowing it to act as market maker; these had a market value of £1.66m in April. So taking cash and easily marketable securities together we have £7.56m.
On top of that are “Available for sale investments” of £0.51m which are longer-term holdings of securities and a “corporation tax asset” of £0.25m.
Total liabilities are £4.21m, but the vast majority of this is “market payables”. That is, in its division which buys and sells shares for institutional investment funds, it has purchased securities and therefore has a legal obligation to settle the transactions (pay for them), but at the accounting date (30th April 2015) it has not yet done so.
However, it has also entered into transactions just before the half-year end in which it sold shares and is awaiting payment from the buyers.
Information on the amount outstanding for these “market receivables” at 30th April 2015 is not available, but I can see that “Trade and other receivables” are £4.75m, I can also see that over the past five years “market receivables” generally account for 80% – 90% of these.
Thus it is reasonable to conclude that share transactions Arden has not yet paid for (the bulk of its liabilities) are offset by share transaction other people have not paid Arden for. Thus the liability amount shown on the BS is, in rough terms, wiped out.
So, to all intents and purposes Arden has liquid assets (after deducting all liabilities) about the same as its MCap.
I’ll look at the balance sheet in a later Newsletter (http://newsletters.||profdoc|
|What do we reckon to this company and today's results ?||td7|
|49p, Mcap £9.9m, NOS 20.2m||spob|
|wow! that is a bit too much imo. Typical problems with illiquid shares, if you want to sell, you get what MMs offer you. No dividend is not helping much either I guess. Maybe L. Johnson is eating his cakes into oblivion...Maybe not. We need to wait 6 more months. GLA||jakecook|
|It looks like we have been busy in May
|Potentially good buy-in point after recent dip. It's one of the IC's bargain shares for 2014.I have a 130p target. DYOR.||bluerunner|
|Very quiet thread but ARDN is making nice progress.If you look at the one year chart, it appears to rise in a stepwise fashion (on news) but doesn't retrace much.I have a 130p target here.||bluerunner|
|hi i hold a different opinion - i see 150p+ they are raising money - markets are open to more risk with the green shoots in the economy back - and they paying a decent divi onwards and upwards - the new investor will surely bring business to the table aswell holding for another 12 months||banking1|
|Yes, I had been trying to buy more under 50p but there was no stock available at the time. I've sold today though, I think it may go higher but this stock is so horribly illiquid that this was a good opportunity to exit at a good profit. Good luck to holders.||daz|
|this is my best performer of 2013/14, a shame i didnt get more! Happy with a 45p avg! onwards and upwards - the new investor (pizza express chap) could well be bringing a lot of new business in?||banking1|
|I don't think the short-term share price action is what counts - it's the fact that the company is bought to the attention of a whole lot of new potential investors via ST's recommendation, and also that he vindicates the decision that we (presumably) have already made to buy the shares...||dashton42|
|35% rise will not be held. Watch it fall back.||5310carraroe|
|Nice one snape - hadn't seen that yet||dashton42|
|Included in Simon Thompsons (IC) 2014 bargain top 10||snape|
|Well, the share price is up 17.5% currently! No idea.||dashton42|
|What's going on this morning, anyone know?||daz|
|good share price movement - i beleive it is the pizza express guy who has come on board which is superb news imo as im sure he will have a whole raft of clients that he can bring to the table? big players have friends in high places! Im sure he hasnt bought such a big stake if he didnt think he/the company was going to progress well and make him so serious dough!||banking1|
|There you go - David Larkam sold a chunk yesterday. From Businessweek:
"Mr. David Larkam serves as the Head of Research and Member of Operations Board of Arden Partners Plc."
|If it is that LJ, I can only guess that some of his private equity interests are maturing and he wants a bigger slice of the fees. Vertical Integration.||russman|
|I think that what confused me was trades 4-7 not showing up in the overall Buy volume on ADVFN. Anyway, I guess we should get an rns on Friday if directors have been selling, transferring or whatever.||dashton42|
|10 trades (numbers 4-13 between 10:58 am and 13:15pm) all at 64p. Adds up to 3.5m, actually. Edit - ADVFN is reporting more trades than Mon£yam. Perhaps, there is some duplication in trades timed at around 13:15 from yesterday. It's a lot of the company anyway! Nobody holds that much stock so it looks like a few individuals must have sold out together. (Unless the Chairman or CEO have sold out and there is double reporting of buys and sells going through the MMs at the same price. I believe this sometimes happens - with the MMs taking a predetermined fee or slice of stock rather than the usual large spread on illiquid stocks.)||aleman|
|Where do you get 3.3m from Aleman? I make it buys of 2.8m so far today, plus 1.8m yesterday as well.||dashton42|
|Actually looks like 3.3m (14%) has changed hands so still another 1.1m shares to account for and then there is who has given them up.||aleman|