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Real-Time news about Autologic Hldgs (London Stock Exchange): 0 recent articles
|shopper21544: Solid results - treading water in this climate is not a bad outcome. Share price won't move significantly until they achieve a transformative deal, but there is no reason other than market-maker boredom that it should decline any further. The CEO comments about cutting their cloth are welcome. No reason why this should not start to throw off reliable cash leading to a dividend resumption, assuming they can keep the pension liability under control.|
GAL gone, Share price has halved - Ford, £1m off the books with the recent management culling, 08 profits warning outed, what else could they add to this downward spiral? I think all the bad news is out now. Not sure of your entry level but expect a steady 08 climb with extra (new) management interest at the £1.20 level (recent issue price) and then to come completely off the market - may take a year or two though! Watch this space !!!!
Cash-in though, if you need the money !
|idle dreamer: CBR I am still short. Are you, or just sitting on the sidelines?
No news about the Ford bid process yet. That article I posted said the existing contract with Ansa would expire in August and that companies that have been successful would hear later this month. It is surprising that news about the award of new contracts has not got out by now.
I suspect that Ford may be delaying an announcement because they think Ansa drivers are less likely to go on strike while there remains a possibility of Ansa keeping some (or all) of the work. One would expect that the companies that get the work will require some time (three months probably) to gear up to take over the distibution work. Therefore, even if Ansa's contract expires in August, Ford would want them to carry on to some extent until say end of October, to achieve a smooth(-ish) handover. But I feel sure an announcement (or news about who has been successful) must get out very soon.
It is possible that although the Ansa shop stewards have got approval to strike they will not do so. It is a moot point if it would benefit them if Ansa is to lose the work anyway. But if they could get the drivers in the competing companies to come out "to support their brothers" that would be a different matter. They are trying to get the European interpretation of TUPE accepted here. That would help the drivers get work with the new suppliers but would not help Ansa/ALG.
I think losing some or all of the Ford work (after all the other work they have lost in the last couple of years) would have a much bigger impact on the share price than whether they come out on strike so from a shorter's point of view I an not too bothered. 60p remains my target.
My final thought is that the large fall on Friday, 8.4%, may indicate that some people now know the results of the Ford tender exercise. If anyone here is still long, you have been warned.|
|idle dreamer: Evening cbr. So you sold before my last post. Was there any particular factor(s) that made you sell? Of course it has to be said that the share price is very cheap in terms of price divided by sales, about 0.26, but there are reasons for that. Logistics is a very hard industry to make money in, look at Eddie Stobart, Richard Lawson and MCD, not to mention the Walon France and CAT problems that dragged ALG down.|
|catandcrow: I agree - the GAL option lapsing will push share price down. Expect to see more selling Monday? Maybe if something good happens at GAL before Feb we'll get a boost.|
|catandcrow: Hi JB - f they continue to dispose of non-core asset and pay down the debt v. good. If the GAL option is exercised I'd imagine this will lead to a imediate movement in the share price. + if you read the annual report they have assets such as property on the books below market value. Guiness Peat have recently bought 18% and they certainly do pretty serious research before investing. This will take a bit of time to play out but should give a good return. This is a good business with the European operation masking the profitability of the UK side.|
|vprep: nothing good by the looks of things,
selling Walon France because of huge losses,
CAT making huge losses,
Mr Merry chairman of Autologic standing down,
share price dropped from £2.60 to on 88p
going to be a while before price pulls back|
|snagsby: The dividend helped the share price - without it we could see further falls. Any positive statement on Thursday may support it, but I'm not holding out much hope. Could be a buying opportunity next week?|
|crusader rich: Another avalanche in the share price hasn't really happened despite some fairly average results from CAT. I guess they were expected. A bit of a worry that costs went up and revenue went down, not good when it was barely making money anyway.
Certainly some work to do at CAT however it has been recognised for a while so any changes should start having an effect fairly soon. CAT to me is holding ALG back bigtime.
The other worry is the deal with Renault is coming to an end in 2006 and will be up for renegotiation. With Renault being a 20% owner it would suggest they have the inside running however will it be profitable. I noticed a 3% deflator on the current contract. Maybe ALG should look at shifting this on and concentrating on the other businesses, and the french leeches on the board can go as well.
|spooky: This company is beginning to bewilder me.It is obvious that there is a business here that is worth much more than the current share price,the problem is that the management seams to be having a lot of trouble finding it.I must admit to being a little shocked,perhaps they are trying to get the price as low as possible before an MBO or perhaps they are just stupid but someone somewhere ought to do something about it.The only bit of good news is that i don't own the stock,in reality at this level i should and if i see any sign of life i will buy LARGE,but i will probably miss it :-o(|
Autologic share price data is direct from the London Stock Exchange