Ennstone Share Discussion Threads

[colonel a] 15/12/2008 12:33

Bull_Mega,
Did you check Plus.
There's far more going through there than is showing on main market.

Who did you trade with ?
I can't raise an online quote at all at the moment.

[vatteton] 15/12/2008 11:54

Colonel A
Yes you are right i misread an earlier RNS released by MMAT

[harry v derci] 15/12/2008 11:21

Colonel A

You could add the possiblitity of a management buyout to your list of options.

[bull_mega] 15/12/2008 11:11

i just bought 733215 , but don't show in trade ???

[colonel a] 15/12/2008 10:53

I don't read the RNS that way.
136million is the number of their own shares in issue.

If they held 28% then a bid would be almost certain and the floor would not have fallen out of the share price.

I think the QP announcement is interesting, not least because oif the 2 week delay between the last purchase covered and the RNS.

Since when they could have substantially increased the % holding for only a few quid.

Strange though, both MMAT and QP are small compared to ENN so they're unlikely to be able to significantly reduce debt.

I think bust or afloat with new banking arrangements, are the most likely outcomes.

[vatteton] 15/12/2008 10:07

Colonel A
MMAT hold 136mln or about 28%, it's interesting that PQ only purchased 1.9% could there be a link ?

[colonel a] 15/12/2008 10:01

The share price says, "very probably"..

[bull_mega] 15/12/2008 09:22

is company going under administration????

[colonel a] 15/12/2008 09:20

QP spent £140K on the position described in the 17.16 RNS.

Why would they do this ?

1. They're going to make a bid.

2. As industry insiders they think somebody else will make a bid and they'll cash in.

3. They think Ennstone will reach an agreement with the banks and the business will recover.

4. They want to block any potential bid so that they can cherry pick bits from the administrator.

Any other suggestions ?

[vatteton] 15/12/2008 08:13

Just thought this may be of interest.
With a history as a family firm spanning back to 1826 Patersons Quarries Ltd was founded in 1973 with one quarry in the South-East of Glasgow.

Over the last 3 decades PQ Ltd has expanded to become one of the largest independent quarry operators in UK with a turnover in excess of £29 million. Diversified from quarrying to a wide range of complimentary activities ranging from concrete block manufacture to waste management and engineering.

[remraf] 14/12/2008 22:19

Agree with Ed 123, a salutory lesson in believing its worth more than the chart says, getting out still leaves you with your shirt for another day, rather than just the buttons - sadly on this one I believed with assets in the ground (not just wishful thinking)would see them through alone or with a takeover, unfortunately with as much debt has Ennstone now have and operating in a construction nadir, I'm afraid I'm sorting out that picture frame Ed 123 suggested.

[bodgit] 14/12/2008 13:26

Where are one of the previous potential acquirers Lafarge then? I guess they are also hamstrung by the credit crunch. Its all very quiet regarding Marwen as well. Hmmmm. Watching and waiting. Good luck all.

[roadwalker] 13/12/2008 19:37

VATTETON - well does it seem the end of Ennstone, so busy here in Norfolk too. It will be sad to see the demise of the Yellow and Blue but what about the sad old shareholders I say???????????????; guess we will have to wait for the final outcome.

[colonel a] 13/12/2008 19:28

Good spot.
I'll bet they've waited as long as possible to issue that.
I wonder how many more they've picked up in the last couple of days.

2.5p on Monday ?

[vatteton] 13/12/2008 15:01

(Rule 8.3) on Friday @ 17.16
New name in the frame ?

[colonel a] 11/12/2008 16:19

Probably not.
I don't think the fat lady is actually singing, perhaps warming up backstage.

But unless there's been a leak I think we're just seeing people who're facing an almost total loss dumping their holdings so that they don't have junk sitting in their portfolios if/when the farm is bought.

[ed 123] 11/12/2008 14:21

With apologies to holders, anyone watching but wanting a memento of Ennstone plc should put in a small buy order soon. I'm tempted to buy a couple myself, then I'd get the certificate framed and hung on my wall. Forever, it would remind me to get out of a stock if a strong downtrend developed. Although, I fluked an exit near the top with Ennstone, I have held some others too long, painfully hoping that their fundamentals would see a quick reversal of the downtrend.

The market now says half a penny per share for Ennstone. I remember a while back, the management rebuffing a muted offer of 42p per share .... how times change .... another victim of the downturn/credit crunch.

There can't be much longer to wait.

Commiserations to holders.

[roadwalker] 10/12/2008 17:01

Would be interested to find out who is purchasing, I am just sitting back waiting for the inevitable to happen or am I rather cynical?

[nico9] 10/12/2008 16:45

over 7million shares bought with hardly any sells and still goes down nearly 20% for the second day on the trot. the mms must be having a field day here its moved nearly 40% today

[vatteton] 10/12/2008 08:11

What's the point of going (xd)to-day, if there's no dividend available ??

[jab118] 09/12/2008 10:54

Ennstone plc

T

[philo124] 08/12/2008 17:31

Unfortunately this is what the share price is saying is going to happen and ENN
WON'T BE THE LAST COMPANY picked up for relative peanuts in this way.