Black Arrow Share Discussion Threads

[pugugly] 24/12/2009 11:03

Trouble is the Coy is director controlled. While nav per share (refs on last accounts) is 103p I cannot see any way of capitalising on it -
and as director controlled they can always pay themselves nice Director's Fees and not pay a dividend or return cash to shareholders.

Do not hold but like ALS always interested in potential value stocks.

[hybrasil] 21/12/2009 13:15

I sold my shares in early 2008.

I think my wife still has some.

Its a pity to see these companies delisting

This has been around for a very long time. Its asset rich. I went to see the directors about 4 years ago. Very nice people all getting on.

The company probably needs new driving blood

[hybrasil] 05/12/2007 18:50

Unfortunately they have now bought a new head office but at least they only spent 1.9 on it. Factor in .5m costs of moving (They shouldnt be that much) That gives £2.4 m.

[arthur_lame_stocks] 11/11/2007 14:49

Couldn't agree more hybrasil. They're going to realise a huge profit on their head office and then waste it on a new one so that they can carry on losing money manufacturing furniture.

At best they should lease somewhere short term until they can sell their furniture operations, or send manufacturing out to Eastern Europe and realise some more value from their properties.

[hybrasil] 10/11/2007 16:11

I have a shed load of these. They should give up the furniture business. Its a total waste of time. Sell the assets and give us our money!

[hybrasil] 24/9/2007 17:34

Who are solera holdings and why are they interested in this

[arthur_lame_stocks] 30/11/2006 10:42

Ok so they´re sneaking out the results mid morning. I can´t blame them really.

What is it with this bunch? They´ve got a balance sheet stuffed full of cash and property assets but they´re determined to waste it all on a failing office furniture business.

It´s hard to know what this share is worth. Their last property sale was at a decent premium to book so there may be more upside in their property portfolio but what is the point if they´re losing 2m a year on office furniture?

[jeff h] 31/3/2006 19:08

...don't think so ALS if you read the RNS:-

'additional interest earned'

'proceeds will be retained by the Group to improve its cash reserves.'

....would have expected something like 'proceeds to be used to fund working capital requirements' if that was the case

[caravac] 31/3/2006 17:16

Good info!!

[arthur_lame_stocks] 31/3/2006 17:14

Just disposed of a property at a good premium to book value.



I hope that´s not to fund further losses in the office furniture business.

[arthur_lame_stocks] 25/11/2005 12:23

And what about Black's results? Pretty poor I thought. It's a shame they don't pay a bit more attention to shareholder value.

[hybrasil] 25/11/2005 07:47

just picked up your post. I did look at freeport about 5 years ago. Will have a look and come back to you. Thanks

[arthur_lame_stocks] 22/11/2005 16:30

hybrasil

what do you think of Freeport PLC (FPR). I've noticed that Laxeys have built quite a stake and today the company announced that they are looking to sell their European assets and return cash to shareholders?

Do you think there is much upside from the book value?

I know it's not Black Arrow but I think it's probably your cup of tea.

[hybrasil] 09/11/2005 09:22

Hard to see the logic.
The real thing here is they have to decide what they want to be be. I bought for their property interests and then they go and buy a trading co!

[arthur_lame_stocks] 08/11/2005 11:12

What did you think of the PBC acquisition hybrasil. It looks a bit of a dog to me. I wonder if they can turn it round.

[arthur_lame_stocks] 08/11/2005 10:26

Talking to yourself a bit over here hybrasil!!!

[hybrasil] 08/11/2005 06:15

Its now 7 months since the company last bought shares. I expect they will be back in the market shortly based on past form. They are letting a lot of outsiders get their hands on wanton shares at the moment.

[hybrasil] 01/11/2005 17:13

and another

[hybrasil] 04/10/2005 17:29

had another little nibble today and the price rise yet again

[hybrasil] 19/8/2005 07:46

you can always tell when the mms are getting a little jumpy - they cut the size of the amount of shares they are prepared to trade. In this case it has come down from 5k to 2.5k by both scap and wins.

[hybrasil] 15/8/2005 11:07

bought a few more today

[hybrasil] 30/7/2005 00:30

there was a piece in todays uk analyst on the price rise of the day nearly 11 %

[hybrasil] 29/7/2005 10:55

The company is now making money has great prospects no debt assets of 1.10 a share paying a dividend ( albeit not out of profits). And you can buy the shares for 75p.Is there something wrong or what? I went and bought more based on this am results.

[jeff h] 08/7/2005 08:53

Cheers hybrasil.

As you know the company has been buying back shares on a regular basis.

The last buyback was at 73p giving an indication of the family view of
the share price.

I seem to reacll they started renting a property to Sky, so another
income stream is starting to flow.

One for sitting back and see how thing's develop I feel.