Armour Group Share Discussion Threads

[bones698] 10/9/2012 15:01

Wrong thread sorry lol

[druinsky] 02/6/2012 17:12

morton's once large empire seems to have been reduced to a toilet cubicle in south ockendon

[envirovision] 30/5/2012 20:33

I guess only Morton could give an answer that.

[druinsky] 30/5/2012 20:18

Will Tenon go bust before AMR?

[envirovision] 28/5/2012 10:12

Reading between the lines of the Loan facility rns and coupled with todays umpteenth profit warning, I have to conclude this is a company in its present form that is very difficult to be passed off as "solvent"

I would conclude without a major restructure in the next 12 months, eg. tearing away the more lucrative departments and selling or shutting down the loss making areas, then the really is no way forward here. I guess in prepack would be the form to do it in.

Obviously in such a restructure share holders will be left with nothing.

[loverat] 25/5/2012 10:10

This company has certainly lost its way. A shame because I liked the business.

[druinsky] 23/5/2012 20:18

Armour has existing funding facilities with GE Commercial Finance Limited totalling GBP16 million in aggregate of which approximately GBP7 million had been drawn down at 30 April 2012. These facilities provide a variable level of funding due to the invoice discounting and inventory elements. Due to the lower than expected level of sales, the Group has not been able to fully utilise these facilities, and consequently, the Board has decided to proceed with an additional GBP0.8 million loan from Hawk to support working capital requirements.



veiled profit warning

[graham1ty] 13/3/2012 19:22

Were there good products at Woollies ? It was all tat ( and pik n mix) !!

[envirovision] 13/3/2012 10:29

Yea and lets not forget there weren't a bad range of products at Woolworths either.

[envirovision] 09/2/2012 15:54

christ knows what this is doing at 8 pence ? WTF ?

[gingerplant] 08/2/2012 11:33

I wrote this last week - but said at the outset that I'm already out:

[liberatingsteptoe] 08/2/2012 11:27

It's interesting that the price has stalled.......but there seems to be very little selling. A lot of shares were bough not long ago at much lower levels.
LS

[adon] 28/1/2012 20:50

anybody know whats been going on here?

[graham1ty] 20/1/2012 12:36

Agree Callum.........50p would make it more valuable than Kodak ! But if this is just a ramp, where ? This BB would not have got it going ? Is there ramping on another site ?

[callumross] 20/1/2012 12:23

"big deal coming imho and this is on track for 50p" LOL!

Ramp, ramp, ramp - blah, blah, blah.

[graham1ty] 20/1/2012 12:04

Anyone shed any light on this ? Was 2p bid just weeks ago. Now 8.45p bid in 50,000 ? As earlier post, cannot be on fundamentals ? If someone building a stake, must be announced soon.

[dugganjoe] 20/1/2012 10:33

big deal coming imho and this is on track for 50p

[theglade] 20/1/2012 10:25

Mr Empire

"almost doubled in a short amout of time" - not quite - the offer on 3rd Jan was 3.75p so the increase is 113%, this year.

[empirestate] 20/1/2012 09:59

looking keen again, surprised that the company hasn't made an announcement about the share price movement considering it has almost doubled in a short amout of time.