The Artisanal Spirits Share Discussion Threads

[jfishy55] 16/10/2010 20:51

When I said "hostile" I meant Aspen...so probably not hostile at all!

[626dsmith] 16/10/2010 12:50

There's interest on here. I'm just not as qualified as exel and others to comment. So I 'lurk'.

[jfishy55] 15/10/2010 15:31

Think it is only a matter of time before a hostile bid to take over the company & take it private exel...

[exel] 15/10/2010 11:58

no sellers + still a few small buyers, here and there = price rise, ex
(also - no interest whatsoever on here it seems)

[exel] 12/10/2010 16:41

results broadly as expected, mid-close discount to TNAV = circa 71%. one small buyer today, no sellers. ex (good to see borrowings down a tad)

[exel] 06/10/2010 20:32

Further signs of life! A few small buys (some on PLUS) and no sells appear to have driven today's minor bid uptick. Results (due out this month?) may still be on the grim side. However, what the Board (and Aspen) will want to do with this deeply discounted group, now, (for all shareholders' benefit going forwards) will be of much more interest, & also how they see next year et seq. ex

[cockney sparrow] 08/9/2010 11:37

blueball - 2 Sep'10 - 20:51 - 226 of 226 (Filtered)

[exel] 07/9/2010 09:44

As to 'where ART is going' we'll get some sort of steer on that within a month, when the jun'10 prelims are announced. I expect a less bad H2 than H1, based on just gut feel and news from around the sector, but await the results and commentary update with interest. ex

[jfishy55] 07/9/2010 09:26

I'm still holding...since 2000 I think. Expecting to use the loss for CGT but don't know when, I'm in no hurry!

[jim22] 06/9/2010 17:12

It would be interesting to know if any of the 'old posters', or anyboby is still holding and if anyone has any thoughts about where, if anywhere, Artisan is going.

For the record I am still in, but gave the shares to my partner (girlfreind) so I could book the loss.

[cockney sparrow] 02/9/2010 20:35

Hey Big Svender.

[exel] 01/9/2010 09:14

are you now back in sadone? ex

[sadone] 12/8/2010 06:07

Ex - Thanks

[sven2006] 10/8/2010 16:12

Hyper, nice work, similar to

Simeon Stafford (prices are a lot higher as he's well collected now)

check out

Paul Robinson

www.seascapegallery.co.uk/paulrobinson_1.html

[exel] 09/8/2010 14:52

well here goes, sadone - my take in summary:

ART has been substantially cleaned up and cost-reduced under its new Chairman, who now controls the group [circa 70%] via his investment vehicle, Aspen Finance. By mid 2007, old legal cases and various other associated distractions, e.g. from unprofitable business discontinuations etc., had been assiduously dealt with, and the group was both lean and profitable, with a modest dividend and a still lowish (to TNAV) rating. The onset of full-blown credit crunch (from mid-2007), and its impact on all UK property sectors, changed all that - and sales throughput collapsed, borrowings stayed high as a result (although well controlled, and supported by Aspen through equity injections to comfort RBS and boost the Balance Sheet) and y/o/y profitability saw a return to (relatively) modest trading losses (in context) in parallel with material impairments of stocks and property assets, all totalling to large net losses. Costs were then reduced (again) quite severely in all 'throughput-linked' areas. The group's website and those of its two main operational arms have been steadily improved (over several years now) and make for very useful and succinct reading, and provide more than ample illustration of 'where ART is now': focused on 'residential' via Rippon Homes, and 'commercial' through Artisan Developments. share price performance over the past 5 years is fractionally above TW. and a bit below PSN - just to put all this in perspective. Those graphics tell the above story very well. Artisan is (arguably) now quite well-placed in admittedly very difficult and still slow sectors, and all from a very low rating. There are however signs of renewed sales activity and modest progress, but it will take time, probably measured in years and not months, for the share price to make any serious and sustainable progress. ex

[sadone] 08/8/2010 11:57

I used to hold these back in the late 90's when they were 1p & doubled over night etc. Held through the tech boom & bust & then lost track.
Anyone wish to give a very brief breakdown, if anyone been here that long, of what's happend to ART since then ?

[exel] 02/8/2010 18:30

Presumably some buying via PLUS has moved the share price today? Or there is maybe something brewing here - less likely, to be fair, this side of the prelims. Anyway, I can't see any recent trades listed on LSE:AIM (at all) so guess that some minor nibbling has taken place on PLUS.

[hyper al] 29/7/2010 18:31

How about looking at the less or unknown artists. Oil paintings by Doug Hinge, based in Cornwall, make me smile and add a splash of colour to any wall. While on holiday I purchased two for under £300 each. Colourful harbour scenes in a unique style.



and

[sven2006] 16/7/2010 15:44

Look this lot up - contemporary but definately on the move

David Atkins

Carrie Taylor

Colin Carruthers

[exel] 09/7/2010 17:06

or he could buy shares in the open market, shawzie, but that would presumably trigger an RNS?

[grupo guitarlumber] 14/6/2010 21:13

Modigliani sculpture sets EUR 43.18m record for artist
14 June 2010, 20:52 CET
- filed under: auction, Art, Modigliani
(PARIS) - A stone sculpture of a woman's head by Amedeo Modigliani fetched 43.18 million euros (52.8 million dollars) on Monday after a battle by bidders for the rare piece set a record for the artist.

The sculpture by the artist, born in Italy in 1884 but who died in Paris in 1920, dated from between 1910 and 1912 and had been estimated at between four and six million euros, excluding fees. The sale price includes fees.

"It's a record for a work by the artist in any category", including paintings and sculptures, said Christie's, which organised the sale.

The head of Christie's France, Francois de Ricqles, said bidders fought for nearly 15 minutes to take home the prized work.

"Collectors from across the world were on hand", either bidding by telephone or through representatives in the auction room, he said.

After offers hit 25 million euros, four bidders remained, with the tug-of-war between US and European buyers who he refused to name.

"We knew the price would fly because there was huge interest in the last few days for this very beautiful piece," he said.

"The art market is dynamic when quality works are up for sale. Collectors are after masterpieces and when one is under the hammer, everyone is on hand."

The 65-centimetre (26-inch) head was part of an art collection owned by French businessman Gaston Levy, who founded the Monoprix chain of grocery and department stores and lived from 1893 to 1977.

It had remained in the family and had never been seen in public.

Shown for the first time at an exhibition in 1912, the sculpture has a special "presence, quality and elegance," de Ricqles added.

The work is in the likeness of Modigliani's most well-known portraits, with an oval face, almond-shaped eyes, a small mouth, a long fine nose and long neck.

Most of Modigliani's 27 sculptures are currently in museums around the world, with 10 still in private hands.

The last record for a Modigliani was in November 2004, when a portrait of his wife and muse, Jeanne Hebuterne, went for 31.3 million dollars at a New York auction held by Sotheby's.

The highest price previously paid for a sculpture by the artist was 3.5 million dollars for a woman's head in 2001.

Christie's said the sale also set a record for an auction in France, after a Matisse oil sold for 35.9 million euros at the Yves Saint-Laurent "sale of the century" in February 2009.

[maxk] 05/6/2010 20:59

René Magritte (1898-1967), Les barricades mystérieuses signed `Magritte' (lower right); signed again, dated and titled `Les Barricades Mystérieuses magritte 1961' (on the reverse), oil on canvas, Estimate: £3,000,000 - £4,000,000

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