Chapelthorpe Share Discussion Threads

[jhan66] 15/3/2007 16:40

lot of companies accumulated over the last sixty years. Ought to be value here somewhere but I haven't found it-

WHITLEY TRANSPORT LIMITED
WEESAM LIMITED
CHAPELTHORPE HALL LIMITED
CHAMBERLAIN COATINGS LIMITED
TERRY HOLDINGS (HORBURY) LIMITED
SWELLNIB LIMITED
SPECIALITY COATINGS (DARWEN) LIMITED
DARWEN COATINGS AND ADHESIVES LIMITED
BLACKBURN GRAVURE LIMITED
AQUAMURA LIMITED
SPECIALITY COATINGS GROUP LIMITED
SLACK SALES CO. LIMITED
E.& G.SLACK LIMITED
SLACK BROTHERS LIMITED
SHELLAINE LIMITED
SHAW READIPAK LIMITED
READICUT DISTRIBUTION LIMITED
ACCRINGTON PACKING AND STORAGE LIMITED
S.P.P.M. HOLDINGS LIMITED
READICUT H.F. LIMITED
READICRAFT LIMITED
MCCRAIG LIMITED
LOWWHITE LIMITED
JOSAND LIMITED
HOYLAND FOX LIMITED
FOX UMBRELLA FRAMES LIMITED
FOX FRAMES LIMITED
FLUSH MILLS LIMITED
FIRTH FABRICS LIMITED
EXSHELL LIMITED
ECCLAIR LIMITED
EAST PENNINE PACKERS LIMITED
F. DRAKE (FIBRES) LIMITED
PLASTICISERS ENGINEERING LIMITED
DRAKE EXTRUSION LIMITED
CLIFTON MILLS (BRIGHOUSE) LIMITED
CHAPELTHORPE (UK) LIMITED
CHARLES BUSFIELD & COMPANY LIMITED
J.B.BATTYE & CO. LIMITED
ANNCELL LIMITED
PLASTICISERS LIMITED
DERVALE LIMITED
CHAPELTHORPE PLC

[arthur_lame_stocks] 15/3/2007 16:24

max

I can assure you you´re wrong about cash. The figure of 8.133m is for March 2006. The most recent figure is 4.167m. Look again at December´s interims and look at the heading on the columns which contain those two figures and you should see what I mean. Apart from this it seems daft to ignore the bank overdrafts shown in the current liabilities section of 9.207m. Netting off these two figure gives you a current cash deficit of over 5m. That´s not even including the long term debt.

[maxlenton] 15/3/2007 14:35

Washbrook i think my point was they have increased their holding!

[washbrook] 15/3/2007 14:09

THE CORRECT FIGURE IS 14.375m from 12.4m.(UBS A.G)
You are confusing
UBS AG and UBS Asset Managemement.

[maxlenton] 15/3/2007 13:59

UBS have increased their holding to from 11,000,000 to 14,375,000, well the institutions obviously don't think they are going bust!

See bellow


RNS Number:0332T Chapelthorpe PLC 15 March 2007


TR-1(i): notification of major interests in shares
1. Identity of the issuer or the underlying issuer of existing Chapelthorpe PLC - GB0007265001


shares to which voting rights are attached(ii): 2. Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights (see section 13) X


Other (please specify):
3. Full name of person(s) subject to the notification UBS Investment Bank


obligation(iii):
4. Full name of shareholder(s) (if different from 3.)(iv): N/A
5. Date of the transaction and date on which the threshold is 9th March 2007


crossed or reached(v):
6. Date on which issuer notified: 12th March 2007
7. Threshold(s) that is/are crossed or reached: 7.05%


8. Notified details:

A: Voting rights attached to shares Class/type of Situation previous to the Resulting situation after the triggering transaction(vii)
shares Triggering transaction
(vi)
if possible using Number of Number of Number of Number of voting rights % of voting rights
the ISIN CODE Shares Voting shares ix
Rights viii Direct Direct x Indirect Direct Indirect
xi
GB0007265001 20,481,975 20,481,975 14,375,000 14,375,000 7.05


B: Financial Instruments Resulting situation after the triggering transaction xii
Type of financial Expiration date Exercise/ Conversion Number of voting rights % of voting
instrument xiii Period/ Date xiv that may be acquired if rights
the instrument is
exercised/ converted.
0 0.00%


Total (A+B)
Number of voting rights % of voting rights
14,375,000 7.05%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv: UBS AG London Branch - 14,375,000 - 7.05%

Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights:


13. Additional information: UBS are no longer required to include prime brokerage holdings
in the disclosures under DTR5 under the Transparancy Directive.
14. Contact name: Andrew Weatherstone
15. Contact telephone number: 01924 248 200


--------------------------


This information is provided by RNS
The company news service from the London Stock Exchange



END



HOLDGGMFZKFGNZM

[maxlenton] 15/3/2007 13:50

No thats from the interims to the 30th September 2006 issued 1/12/06

In all of this the other overiding factor for me in PGs holding he tends to go in for 10-15% so that he has some leverage over the mangement if things really start to go paer shaped given he went in at 5p a share I would expect to see an increase in the coming months. In addition he is definately proactive in gaurding his investments if your in for sub 5 as I am at 4 now I can only see upside. Unless of course they go bust but I do not consider this a particualr threat at this point given there is still a hefty turnover to work with when cost cutting.

[washbrook] 15/3/2007 13:39

SORRY TO SAY-They will go bust.
(My view.)
Good luck to all who sail in her.

[arthur_lame_stocks] 15/3/2007 13:05

You´re looking at the wrong figures, that was the figure for March last year, at the interims it was 4.167m.

[maxlenton] 15/3/2007 12:58

From the interims:
Cash and cash equivalents 8,133 Million



Cash PS
Cash per share ratio, is defined as cash & equivalents divided by the number of ordinary shares in issue, expressed in pence (currency being GBP). The formula is as follows:

= (cash & equivalents / shares in issue) * 100

Note: In a healthy industrial company, a Cash per share ratio that is close to the share price might suggest that investors are currently underestimating the worth of the company's ongoing business, thereby creating an interesting investment opportunity.

This equates to a 4.03

In this case I'm not concerned about the debt as the net gearing will have reduced on payment to more acceptable levels for a company going through a re-structuring and the banks are willing to lend.

[maxlenton] 15/3/2007 12:13

maybe I'm looking at this from a different point of view bought at 4-5 last time rode the wave to 20p and sold now luckily I have a second go so am very happy with these levels they have served me well before, hopefully will again.

[maxlenton] 15/3/2007 12:10

Can't disagree more, we obviously look at the figures very differnetly, they have cash in the bank so can carry on trading, they are reducing debt which is always good. No the trading statement wasn't good but all it highlighted that wasn't already factored into a firesale price was that the brollies weren't trading properly since the move but they are selling them anyway so who cares,it did not justify a 30% drop to sub cash levels, 20% of full asset value and 25% of quick assets.

DTOR

[felix99] 15/3/2007 12:01

I think there is money to be made here - but sadly I am just not sure us shareholders will realise it.

The pension deficit as a rule of thumb in reality will be 2.5 times to 3 times the FRS17 stated figure in the balance sheet if you had to offload it to an insurance company.

To sell any assets they will need trustees approval - i.e fine you sell the business but some of that cash has to come back to pension scheme otherwise we won;t approve the deal. Also they must have debt issues with the bank as well.

Could end up with debt for equity swap etc and bankers might come out OK .

So basically shareholders could end up being screwed by PEnsion or bankers or both.

Take oyur pick. Lobbed most of mine on last warning and thankfully just got 25k left. Better places than this for your dosh imho

[maxlenton] 15/3/2007 11:33

PS if you bought when I called it this morning you would be in profit now! Others obviously see the value

[maxlenton] 15/3/2007 11:31

If you read the RNS it doesn't imply they are asking for more money at all it says they are restructuring there debt, we new this already given the proceeds form the sale which will reduce bank borrowing. The drop is on the basis of 30000 £1000 trade on the plus maket this morning.

[maxlenton] 15/3/2007 11:27

Arthur cash and debt are different, they have a debt of nearer 12p per share however their assets more than cover this.

[arthur_lame_stocks] 15/3/2007 11:22

Actually i´ve only just noticed that the warning was this morning which explains the large drop. They talk of needing the support of their bankers.

Could go broke.

[arthur_lame_stocks] 15/3/2007 11:14

They don´t have net cash of 4p. the have net debt, probably of about 5p a share. Warned again recently. It looks a risky punt to me still although I suppose there could be a lot of upside in a recovery if they can raise some cash from the disposal of their two non core busineses and concentrate on fibres.

I´ll keep watching for now.

[arthur_lame_stocks] 15/3/2007 11:14

They don´t have net cash of 4p. the have net debt, probably of about 5p a share. Warned again recently. It looks a risky punt to me still although I suppose there could be a lot of upside in a recovery if they can raise some cash from the disposal of their two non core busineses and concentrate on fibres.

I´ll keep watching for now.

[maxlenton] 15/3/2007 10:40

Maybe I'll live to regret this but I have just bought at 3.75p given the NAV is 13p cash 4p and the buisness that they are slating in the profit wrning is being sold and contributes little to the overall turnover i think they are a steal at the current levels.

Madness

[kingdwg] 03/3/2007 18:15

Evening tufty nice fresh new thread, Have you bought back in yet?

[loverat] 03/3/2007 17:54

I think it will take more than a Swedish entrepreneur to rescus this.

[masurenguy] 03/3/2007 17:49

New CPL thread has now been started here