Aukett Swanke Share Discussion Threads

[mw102] 20/9/2011 09:21

but they are saying the balance sheet will be £82million that is what they will get wouldnt it be worth alot more than whatever it is now, above 20p

[britishb] 20/9/2011 09:17

Tonester. yes you are probably right...but if only half these projects come onstream and are spread over 2 years then that's £20m+ revenue per year. The level from which AUK made £2m+ pbt.

It think the shares may be extraordinarily mispriced here.

[pre] 20/9/2011 09:17

plenty in at 3p will be exiting shortly....

[analyst008] 20/9/2011 09:13

3.5 bid now - tree shaking time.

[analyst008] 20/9/2011 09:11

3.75p bid and chasing
5P today?

[tonester30ccfc] 20/9/2011 09:10

"Should all these schemes proceed to completion the balance of fees due to AFR would be GBP82 million."


One of the most blatant ramping load of bollux I have ever read. There is almost no chance that ALL of these schemes will come to fruition. It would have been far more professional to propose a weighted view or better still, to make no financial comment at all and let the market make its own assessment. This borders on misleading and the CEO needs a slapping

[britishb] 20/9/2011 08:55

Sounds like things improving very nicely....

"The Group order book currently stands at 42 schemes or projects which provide 19.70 million sq ft of development space with a combined construction value of £2,219 million. Should all these schemes proceed to completion the balance of fees due to AFR would be £82 million."

AUK did £2.4m PBT before "le credit crunch". Market cap at 3p is just £4m!

A real multibagger possibility as they've paid thought the nose to keep their resource base big enough to cope with an upturn.

10p in a flash anyone?

[masurenguy] 21/6/2011 07:31

Still in decline !
Still no position

RNS Number : 7831I
Aukett Fitzroy Robinson Group PLC
21 June 2011

Interim Results: For the Six Months ended 31 March 2011

Highlights

· Construction markets generally remain depressed

· Commitment to retaining core capabilities has resulted in prestige project wins in the UK & Russia

· New projects in Russia have enabled a major turnaround with revenue up 150% and losses reduced to £54,000 (2010: £501,000)

· Overall first half post tax losses grew to £633,000 (2010: £239,000)

· Group revenues were £3.1m (2010: £4.1m)

· Second half expected to be profitable as a result of new projects

Nicholas Thompson, Chief Executive Officer commented: "Construction markets remain very depressed but we feel that our continuing strategy of maintaining our core expertise has been vindicated by a significant number of prestige contract wins which give us reason to be positive in the medium term".

[masurenguy] 02/2/2011 07:16

Doubt this will inspire much of a positive market response !
No position.

Aukett Fitzroy Robinson Group Plc

Announcement of final audited results for the year ended 30 September 2010

Key points

· Pre tax losses down 58% to £789,000

· Net cash inflow before financing of £1,544,000 eliminating net debt

· Revenue from UK based projects 95% of prior year level

· Pre tax losses of UK operations down 93% to £209,000

· Core service delivery teams retained throughout the group

· Order book of major developments lifted to £85m of future fee income

Tim Hodgson, Chairman of Aukett Fitzroy Robinson commented: "Although we see encouraging signs of recovery in some areas of our markets we remain of the view that it will be 2012 at the earliest before any material improvement is evident on a wider basis and management will consequently maintain its cautious outlook with careful control of costs. However, with a sound financial base, a quality brand, a substantial order book and a first rate workforce, the group is in good health and the key components for the short term sustainability and the medium term expansion and development of the business are firmly in place."

[sailing john] 02/11/2010 10:25

Interesting MBB

I don't think AUK should take Archial even if they could afford to. However, if they can cherry pick a few practices/offices with a strategic fit and without the burden of debts attributable to the whole of Archial I might be interested. Still on the sidelines, too much of a gamble for me at the moment.
SJ

[sailing john] 08/10/2010 08:09

I agree M
FY losses expected at circa £0.9m ( just less than half last year)
Half year loss was less than £0.3m so this half must have doubled to £0.6m
Good to see progress with Cash but they don't amortise goodwill so simply attributable to positive movements on Debtors/Creditors etc. less losses.
Having said all that they remain on my watch list - It doesn't look like they are going bust like Archial and hopefully it is just a matter of time before they reach profitability again.
All IMHO

[masurenguy] 08/10/2010 07:13

Still watching but not yet tempted to buy.

RNS Number : 0625U
Aukett Fitzroy Robinson Group PLC
08 October 2010

Trading update

In advance of the final results for the twelve months to 30 September 2010, to be published in January 2011, Aukett Fitzroy Robinson Group Plc advises that it expects to have reduced its year end losses to under half those of the prior year. However, we are pleased to report that the Group has generated cash of circa £1,500,000 in the twelve months to 30 September 2010, resulting in year end net funds of £125,000 and eliminating the prior year net debt of £1,393,000 Furthermore, monies due of approximately £900,000 are still to be collected, the timing of which is dependent upon the sale of the UK properties upon which the monies are secured.

As indicated in our previous statements the Group has maintained its skill base across its network of international offices during the current economic slowdown despite the ongoing short term impact on financial performance. In the UK there has been some movement in commercial projects, in the regions, that had previously been suspended. In the short-term however, the Directors believe that the vast majority of opportunities reside in London where the Group has a particularly strong track record and client base. Elsewhere we are seeing a revival of interest in commercial opportunities in our other two key markets: Russia and the Middle East.

[masurenguy] 03/8/2010 10:24

Share price has subsequently fallen back by almost 20% since then.

[missbossyboots] 05/7/2010 05:25

Mentioned in the Times on 18th June as a 'Tiddler to Watch'

[tonester30ccfc] 18/6/2010 10:48

Architect's UK operations turn £1m loss into £22k profit through 66% cut in costs, while planning to focus on commercial sector


Architect Aukett Fitzroy Robinson's UK operations generated profit of £22,000 as opposed to a loss of over £1m in 2009, despite subdued commercial activity.

Its half year results show that while UK revenue fell 41% it had managed to reduce overall UK costs fell 66%.

Overall the results show Aukett has achievd a 75% fall in losses to £299,000 to the six months to the end of March, and a reduction in net debt to below £1m.

The company also said it has recovered a further £1m of "outstanding monies" in April and May and that it expected to add over £1.2m to its cash flow from its successful court case against developer Simon Halabi.

Aukett won its case for £1.6m in unpaid fees for work on Mentmore Towers in Buckinghamshire and two properties in the West End won earlier this year.

Halabi subsequently became bankrupt, owing the architect more than £1m in legal fees and costs.

Aukett said today it expects to receive the money once the properties in question are sold.

Looking ahead, the architect said it was confident the fall in public sector spending in the UK was "unlikely to have any direct impact on the UK operation as less than 5% of revenue is from this source".

The focus for the business in the UK will be on the capital and in particular the commercial office refurbishment market.

In Russia a profit of nearly £2m in 2009 turned to a loss of £342,000, and revenue fell to £181,000 (2009: £1,908,000). This downturn was blamed on projects being put on hold by clients or taken over by banks.

Nicholas Thompson, Chief Executive Officer of Aukett Fitzroy Robinson said:

"We have maintained a strong and highly skilled team of people which has enabled us to continue to win commissions in a difficult market. This, coupled with the awards we have won demonstrates the regard with which our work is held within the industry.

"With a stable cash position, strong brand and track record in commercial markets that are experiencing signs of recovery, we believe that we are well placed to benefit from any sustained upturn as confidence and funding returns to the property development market."

[masurenguy] 17/6/2010 07:42

Interims published.

[cliley454] 21/5/2010 12:35

The market likes it even in such unsettled times.
Off topic take a look at MPS, just £400k market cap. I've posted some research on the bb.

[tonester30ccfc] 21/5/2010 08:38

Fees on £45m?

£2m+?????? Good news indeed

[cliley454] 21/5/2010 08:33

Great news today, lets hope we are heading back above 8p.

[sailing john] 17/5/2010 08:43

Bought a few AUK at the open.
Positive IMS this morning - loss reduced - strong/improving balance sheet
Good pipeline and brand
SJ

[masurenguy] 14/5/2010 18:39

That's why this thread has turned into a barren monologue from you !