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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Autologic Hldgs | LSE:ALG | London | Ordinary Share | GB0002192374 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 20.25 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
19/9/2006 22:48 | catandcrow What's your opinion about alg future? Regards JB | jimbim | |
19/9/2006 12:43 | Edited Press Release Neil Johnson, Chairman, said: "Operating profit for continuing operations (before exceptional items and excluding other operating income) reduced to GBP6.3 million (2005: GBP6.8 million) in line with expectations. The main factors behind the decline in operating profit were the effects of high fuel costs in the period, a reduced proportion of higher margin business and a negative foreign exchange movement on our Edmunds investment. "Exceptional costs of GBP2.1 million (2005: GBP nil million) included GBP1.8 million in respect of the closure of the London Head Office and a further GBP0.3 million in relation to costs associated with the Company's refinancing. The closure of the London office and other Group cost initiatives have resulted in annualised savings of GBP1.2 million. "The exceptional losses of GBP7.6 million relate to the disposal of Walon France which was completed during the period. These losses relate to the write off of the carrying value of the investment in the consolidated accounts and do not impact the cash position of the Group. "The exceptional gain of GBP6.5 million is in respect of the grant of an option to Wallenius Lines AB to acquire the Group's 40% shareholding in Global Automotive Logistics SAS ("GAL"). As the investment in GAL was fully impaired at 31 December 2005, the carrying value has been uplifted at Jun. 30, 2006 to reflect the option value of GBP6.5 million (after estimated expenses of GBP0.4 million). The option price, which is not refundable, was received in July 2006 and has therefore impacted cash in the second half of the year. Operational Review U.K. "Revenue for the U.K. of GBP116.7 million was up by 12.9% (2005: GBP103.4 million). Significant new business gained in the second half of 2005, with Land Rover, General Motors and GE Capital, has enabled the business to continue to grow organically, despite a 4.2% decline in new car registrations. "Although there has been a positive impact from the new business, this has been offset by high fuel costs in the period, an increasingly competitive market place and a reduced proportion of higher margin business. A significant proportion of our contracts allow for the recovery of fuel cost increases although this process is not always immediate or retrospective. "VMEX, our vehicle movement exchange business, is now fully established in the U.K. and is beginning to generate new business on the continent, including increased cross-border distribution activity. It is now making a contribution to our results. Spain "Revenue in Walon Iberia of GBP12.3 million was in line with the previous year (2005: GBP12.2 million) notwithstanding a 1.2% fall in the Spanish new car market and lower storage and handling volumes. Operating profit reduced to GBP0.4 million (2005: GBP0.5 million). Benelux "Revenue in Walon BNL of GBP5.9 million (2005: GBP8.7 million) was significantly down on the previous year reflecting a reduction in Holland following the outsourcing of the national distribution business. Operating profit in the period was GBP nil million (2005: GBP1.0 million). The 2005 profit included GBP0.9 million from the sale of property development rights in Holland. Czech Republic "Revenue in the Czech Republic increased to GBP0.6 million (2005: GBP0.2 million) reflecting the full period of operating plant handling contracts for Toyota and Gefco. Business Objectives and Strategy "The Group's major short term objective is to reduce debt levels with particular focus on removing the expensive Mezzanine finance facility by the end of the year. We have already made good progress in repaying and cancelling GBP8.0. million of this facility in September 2006. "The Group is currently in discussions with a number of parties in connection with the possible disposal of all or part of our Spanish business. The net proceeds of any such disposal and also the proceeds of the GAL option, if exercised, will be used to further repay the Mezzanine debt. The Group continues to actively pursue the potential for realising value from non-core assets, particularly those outside the U.K. market. "The Group's central strategy is to enhance its strong market position in the U.K. through the addition of complementary activities which will increase organic growth. The Group's Distribution services are used by a wide range of OEM's but there is considerable scope to increase activity in Technical Services as well as introduce new value added services such as VMEX and First Fleet, our used car refurbishment and re-marketing operation which was launched during the period." | catandcrow | |
19/9/2006 12:42 | Interesting stuff in the interims - paying down £8m worth of debt and possible disposal of the business in Spain. | catandcrow | |
15/9/2006 17:37 | End of the day 15.09.06 Well. Less and less understand what's going on.Probably I was wrong since beggining.:( looks like (to me) someone passing sh through the market from one hand to .....:)at the same price with adding shorters's sh as well. Getting more and more interisting. I hope news are coming sooooooon. .I' don't pretending to be right, that why still will be very glad to hear any opinion from any one. | jimbim | |
15/9/2006 17:00 | Look like AT automatic trades - but quite why who knows. Maybe someone is trying to get stock without shifting the price .. | catandcrow | |
15/9/2006 13:51 | please look at it. Any one -any "opinion". What's going on | jimbim | |
14/9/2006 22:06 | Maybe. But how about that "Hoover" who buys ALG from beginning of August on the end of the day from 25k to 50 k. I feel it's the same person and he's master. Look at 14.09.06 end of the day. "Funny" things, he likes to spend around 22.00k, or 50.00k per trade (I'm looking at all August trades), but with out touching share price Maybe I am just paranoid .:) Any way I am still looking for any suggestions or opinions from anyone about ALG sh present. | jimbim | |
14/9/2006 20:11 | Think the sales are due to the move to AIM - some funds can't hold and will be forced to sell. | catandcrow | |
13/9/2006 10:44 | I'm not pretending to be expert. Just my opinion and feelings. I follow ALG share price since Feb. First was bad sign (30 March-April), when by all signs to me share price should get up or at least to stay on, but went down. Most significant sign for me was 6 Jun-20 July period when some one start press share price down. That gave me some kind an answer about period since 30 of March. Now I gone pass on ALG movements which I think stop someone press for a while, and will look at present. It seems to me some one restart the press, but it doesn't work the way down, but still give an opportunity to collect some share price at present price with out going up. That gives me filling, that situation can be explained two ways and soon. 1- ALG has something, what holds share price on the same level, or someone wants to get as much as possible ALG sh. In both ways it's good for share price Any way I think share price now about 120-140 pp, what gone be prove in oct-nov-dec I hope. Fingers cross. That what concern nearest future. In long terms I believe ALG has good potential to come back to 300 pp. Unless somebody knows something different and gone be so kind to bring light here. Sorry for my English. I could try to explain better, but luck of words keeps me quiet. (: P.S. Sales at 16:45 at 12.09.06 (345k) gives me now less confidences in my opinion that I understand situation right. I'm in , that why will be glad to hear from experts any commence, opinion about Alg present. | jimbim | |
28/6/2006 14:05 | AGM tomorrow -- some tough questionning expected? | absolutespace | |
19/5/2006 14:35 | Well the market seems to have reacted ok to the GAL news Drawing a line under things I suppose | absolutespace | |
19/5/2006 09:47 | Apparently KBC Peel Hunt have upgraded to buy. They're a fickle lot. They upgraded after Walon Fr sale was announced then downgraded when the mezzanine finance costs were announced , now upgraded on GAL going bust, bizarre. | manzarek | |
19/5/2006 08:54 | big buys too! | absolutespace | |
19/5/2006 08:47 | big sell at 60p. | jdung | |
18/5/2006 21:15 | Leopard1 - Are you sure because I saw it as a 'propping-up' excercise. | she-ra | |
18/5/2006 21:15 | what a short about 50% down in the morning | hybrasil | |
18/5/2006 17:09 | My guess is the banks and management worked out CAT was worth zero at the refi...However the core business dominates the UK car distribution market and lower volumes - if you are right - equal more storage opportunities. The new Chairman had his eyes wide open when he bought 50,000 at 90p after the results. | leopard1 | |
18/5/2006 15:24 | Wonder what the banks will do now.Is this curtains for ALG shareholders? | she-ra | |
18/5/2006 15:20 | It's dated yesterday. Anyone see it as an RNS? | typo56 | |
18/5/2006 15:20 | It's dated yesterday. Anyone see it as an RNS? | typo56 | |
18/5/2006 15:10 | Yep, as usual everyone else knows first. They even have the RNS in draft on thier web site for Pete's sake. | manzarek | |
18/5/2006 15:08 | I think today's drop may have something to do with GAL filing for bankruptcy protection. According to Dow Jones Newswires, the filing for "Procedure de Sauvegarde," a French court led procedure to give the company protection from creditors, was made on May 17, 2006 at the commercial court of Nanterre in France. | typo56 | |
18/5/2006 15:02 | ALG to write off CAT apparently. | manzarek |
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