||EPS - Basic
||Market Cap (m)
|Construction & Materials
Real-Time news about Ennstone (London Stock Exchange): 0 recent articles
|bull_mega: market is all blue going up,ENN share should be soon in market with positive out look of company and what ever restructuring plan to take and advantage and taking business forward.Suspension mention as temporary than sooner is better for the market and company valuation.|
|whyme: I have been here a few times and twice out of many its been good news.
If only the Banks would be suspended when the prices fall greatly or
in crazy markets.
The good companies re-introduce itself into the market and the price
moved in multiples. Some have come out as a buy out and came out good
for the companies and mulitples for the share price.
Most have gone and moved out of the market.|
|nod: ENN's reason to request the suspension is given by the FSA as:
"pending clarification of the company's financial position"
The company's financial position has been very clear for quite a few months. I don't see why they need to suspend trading - the share price can hardly go any lower.|
|abadan2: The Ennstone share spread and share price are not being moved around by market makers as Ennstone is quoted under the Share Electronic Trading System ("SETS"), where any buyer or seller can get his broker to put his order up on the screen. Thus, if the "touch" price shown is 1.0p (best buyer) to 1.3p (cheapest seller) and you get your broker to put up your order to buy 100 shares at 1.1, the share price on the screen will immediately change to 1.1p to 1.3p. This is why there is so much volatility.|
|nod: Another disposal today and not too far below book value. Do these disposals indicate that an overall takeover of ENN as a limited company is unlikely?
Ennstone's assets are easily sliced up and sold - indeed many were bolt on acquisitions which should be fairly easy to unbolt and sell individually or in small bundles. Of course, they will have to take a big loss selling assets in todays market but selling some should ensure their survival.
It's probable that the sum of the parts is much greater than the whole - the market cap today is less than 5m.
Business web sites give different lists of ENN assets and it's not 100% clear to me what assets Enn have, but it looks to be something like this:
19 asphalt plants
26 concrete plants
7 contracting operations
Poland: 14 plants (aggregates and concrete)
USA: network of 100 concrete truck mixers; bolt on acquisitions since 1997
The share price looks like falling as markets turn sour again. Even news of disposals doesn't help the share price
I may have another punt if it falls back below 0.5p
At that level it becomes a multi-bagger or bust.|
|roadwalker: Barclays are shrewed and can probably see potential here Long Term; in the meantime I expect more activity with the share price.|
|colonel a: 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.|
|colonel a: The share price says, "very probably"..|
|philo124: 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.|
|shawzie: abadan2 - if you hear from the share price, please tell shareholders.
I would look in the tea cup, but most people use a tea bag and they are difficult to read. We will just have to try and keep our sense of humour.|
Ennstone share price data is direct from the London Stock Exchange