Autologic Share Discussion Threads

[sambessey] 24/3/2007 18:03

nickdcuk.... A certain 'foolish' newsletter has it as its latest buy tip which has made a shedload of trades go through

[catandcrow] 21/3/2007 09:27

DJ Renault Agrees In Principle To Logistics Deal With VSI-2


FW, 03/20 08:31AM



VSI is a joint venture between Wallenius Lines together with a South
American partner Antelo SA. The conditional agreement was made on February 22
and is expected to start when a contract with Renault's current key logistics
supplier CAT Group expires in March 2008, said the spokeswoman, who would not
comment on the terms of the agreement with VSI.
The CAT Group was sold by Renault in 2001 to Global Automotive Logistics, a
company backed by Wallenius Wilhelmsen Logistics, owned by Wallenius Lines and
Wilh. Wilhelmsen, as well the U.K's Autologic Holdings PLC (ALG.LN) and TNT
Logistics Holdings NV.
The CAT Group is a key supplier of logistics to Renault, transporting
Renault cars and car parts around Europe, but its holding company GAL has been
in a French Safeguard procedure, a process similar to Chapter 11 in the U.S.,
since May 2006.
The spokeswoman said that with this agreement in principle, Renault and VSI
were looking for an effective logistics solution and trying to lay the
foundations for a capital restructuring of CAT/GAL, and to find a solution to
allow the activities of CAT to continue.
The safeguard procedure puts a freeze on GAL's debt payments and protects
the company from bankruptcy as it sought an extension to CAT's contract with
Renault and a consensual restructuring of its EUR220 million debt load. This
court-led procedure will end on April 7.
"Renault's concern is to have a long-term solution for its logistics; it
wasn't possible with CAT/GAL, despite the negotiations, to meet the needs of
Renault," the spokeswoman said. She added that Renault had not been part of
the restructuring negotiations of CAT but hoped they would end successfully.
A spokesman for the CAT Group declined to comment.

[catandcrow] 15/3/2007 22:52

fell from 120 to 80 because of insider trading (there was a 8-p placing)!! after that I'll lost but still happy to hold - I bought in with Guinness Peat and will look to leave in a takeover..

[mali7] 15/3/2007 08:47

Why did it fall twice from 120 to 80p, then up to 120p then back down to 100p. Now up again.

It seems steep up, steep down, but the positivie thing the chart looks in a positive trend. Any light?

When are the next results out?

[mali7] 15/3/2007 08:47

Why did it fall twice from 120 to 80p, then up to 120p then back down to 100p. Now up again.

It seems steep up, steep down, but the positivie thing the chart looks in a positive trend. Any light?

[nickcduk] 15/3/2007 08:35

Who the hell has tipped ALG this morning? I was looking to add and the next thing I know a torrent of trades have gone through.

[catandcrow] 26/2/2007 12:28

Obviously the director purchases are at a steep discount but management have spent pretty serious amount of cash today.

[dellboy4] 13/2/2007 18:37

they have paid debt but lost 40% of Toyota in the UK ,no name against any new business comments , a recovery needs new business or else the debt will go up again, i have followed a few recoveries not sure on this until they actually announce new business.
management been in and out of being a plc , makes you wonder on a spec buy.

[gingerplant] 13/2/2007 17:08

FAO Gingerplant : Its a shame you couldnt have been honest in the first place that you had written the article.Eager to see your tip get maximum exposure I see.

she-ra: Not really worried about the exposure - and there was certainly no attempt at any dishonesty! I was really more interested to hear views on this thread. Your views re debt etc are as valid and welcome as any others to me. The beauty of these threads is to share information and views etc to help us all make our own decisions IMO.

[nickcduk] 13/2/2007 17:04

The debt outstanding is comfortably managable. They will be left with the GE facility of 38m. The UK operation made 6m operating profit in the first half and will probably make 12m for the full year. I dont think in that context debt is too much of an issue here.

[she-ra] 13/2/2007 16:52

JakNife - Still got quite a bit of debt.Its wobbled before it will probably wobble again.Say restructured all you want but there is still debt.The 'highest' expected earnings coupled with its track record (which im not surprised Gingerplant used) does not justify the enterprise value of ALG.

FAO Gingerplant : Its a shame you couldnt have been honest in the first place that you had written the article.Eager to see your tip get maximum exposure I see.

[gingerplant] 13/2/2007 16:42

Couldn't agree more with Jaknife.

As the author of the article, I would like to point out that individual writers' "tips" - for want of a better word - aren't endorsed in any official way by TMF.

Everyone gets some right and some wrong - the trick, of course, is to get more of the former. I'm as confident as I ever am that ALG will contribute on the right side of the balance sheet.

[catandcrow] 13/2/2007 16:32

Here is the piece on GAL being extended


By Anousha Sakoui
Of DOW JONES NEWSWIRES

LONDON (Dow Jones)--A French court has extended Global Automotive Logistics'
bankruptcy protection by another two months, a court-appointed administrator
said Wednesday.
The court granted the extension to allow the company more time to secure an
agreement between creditors and shareholders to restructure the company.
GAL has been in a French Safeguard procedure since May 2006, in which it was
protected from bankruptcy as it renegotiated a key contract with Renault
(13190.FR) and restructured its EUR220 million debt load.
That first six-month observation period expired in November and was extended
until Feb. 8.
GAL was formed in 2001 by a consortium of logistics operators in Europe to
acquire Compagnie d'Affretement et de Transport, or CAT, from Renault.
But GAL's contract with Renault expires in 2008 and it has struggled to
agree on a new deal that would also allow it to serve its heavy debt burden.
Swedish shipping business Wallenius Lines entered into an option agreement
in August to buy out the other two shareholders of GAL - U.K. logistics
company Autologic Holdings PLC (ALG.LN) and TNT NV (00906.AE). In December,
Wallenius decided not to exercise that option agreement. Wallenius and
Autologic have 40% stakes in GAL, and TNT has a 20% stake.

-By Anousha Sakoui, Dow Jones Newswires; 44 20 7842 9318;
[e-mail]

[she-ra] 13/2/2007 15:57

The Fool have a habit of pick turkeys so I think I would err on the side of caution.
This company still has debt.

[nickcduk] 09/2/2007 11:35

Thats excellent news catandcrow. It suggests ALG stake might be worth something still. I think the market has written off GAL and anything we do get will be a bonus. Have you got a link to the news?

[catandcrow] 08/2/2007 12:10

GAL bankrupty has been extended by the French courts for another 2 months.

[jimbim] 01/2/2007 09:13

Nice week ;-)

[skyship] 01/2/2007 09:00

Well done Nick.....you were right - 105p today!!

[nickcduk] 31/1/2007 21:45

I fancy there is further upside here. Arden were forecasting EPS of 8.5p for 2006 and 9.9p for 2007 a couple of days ago. We are obviously going to get a dilution now but the crippling interest costs will more than compensate for that. I think 14m of operating profits for next year isn't out of the question which would lead to pre-tax profits of about 12m. After tax profits of 8.5m would equate to earnings of 14p. A multiple of say 12 would give a price target of 168p. I dont expect we reach that target any time soon but im hoping we move upto 110-120p pretty quickly. I think the company is a sitting duck for a private equity company though because of its strong cashflows and recovery potential.

[skyship] 31/1/2007 14:31

Nick - all very pleasant - taken the turn as now too high in relation to the 75p placing price. Will top up my TIR - have a look, looks like a safe way to play the small oil & resource stocks with an NAV of 5.49p v. the 3.47p offer price. Also buybacks mopping up loose stock so I would expect 10-12.5% upside over the next Qtr - good luck - Nick

[nickcduk] 31/1/2007 10:53

I guess everything becomes clear now. Nothing like a good bit of insider trading to drive the price down before the placing is announced. The FSA should investigate who has profited from inside knowledge and go after them but as they are absolutely useless I doubt it would be of any use. As for the placing itself, it gets rid of the mezzazanine and puts the company on a pretty sure footing. A lot of the market risk will go now and hopefully it should benefit from a more generous rating. Overall quite happy with the news.