||EPS - Basic
||Market Cap (m)
|Construction & Materials
Real-Time news about Fairbriar (London Stock Exchange): 0 recent articles
|njl53: In belated response to Tillman, the corporate activity is the decision to sell off the work in progress which is to be done by the md's new company, a deal to be approved on Feb 26 at an egm. I just got a copy of the circular and see they are also seeking approval to buy in up to 10 per cent of the shares. The directors own 44 per cent and a few other big holders, including Jupiter and Framlington have another 32 per cent, so if 10 per cent are bought in, it should underpin the price. The board say they are concerned about the share price being so much below the value of the work in progress - hence the decision to turn it into cash over the next few years and then either reinvest in somewthing else or give it back to shareholders.|
|njl53: I think Hosede is on the right track. The statement says the strategic review has been completed but later on the chairman says: '
'As we recently announced, for some time the Board has been concerned that the
quoted share price of FairBriar does not reflect the underlying value of its
activities and the ongoing development work. We expect to be in a position to
announce very shortly the outcome following our review of the options open to
the company.' This sounds like a pretty strong hint of a bid or a deal of some kind...|
|hosede: Is this just another spike or will it now move forward into new ground when the results of this strategic review are announced. Property Companies generally have been moving forward on the idea that they can be turned into REITS a tax efficient sort of OEIC so that the ludicrous discounts of share price to net assets will vanish. I'm never quite sure whether FBR want to be a housebuilder or a property company|
|moneybags: Even the company itself thinks the share price is dismal.
They must be thinking along the lines of taking it private again.
Makes sense at this share price.
Regards , Moneybags|
|moneybags: LONDON (AFX) - Fairbriar PLC said it will undertake a review of all options
available to the company with a view to maximising shareholder value.
It said in a statement that, for some time now, the board of has been
concerned with the company's share price in relation to the value of its work in
progress and therefore its prospects.
Shareholders will be kept informed as to the outcome of this review, it
It plans to announce results for the year to Sept 30 2003 on Jan 28 2004.
At 11.04 am, FairBriar was trading up 2 pence at 42-1/2.
It could be on the march again.The run up to Jan 28th will be interesting.
Up 10% today so far.
Regards , Moneybags|
|moneybags: Results O.K. for the share price,But look at the divi coming up,Not bad.|
|skyracer: Well here it is hosede; the "trading statement". It really stinks that the share price fell so dramatically the day before.|
|skyracer: Hi Hosede, FBR are on my watch list. Even with the disposal FBR may only make an EPS of 5p (or less?) for the year ending this month. At a share price of 35p that puts them on a PE of 7 which still looks expensive given the weak balance sheet. We cant ignore that well-proven saying that the past is no guide to the future.|
|the jitters: Busy board this isnt it! LOL
Likes like its gonna be another lonely hold, still, doesnt matter how many are aboard provided the share price rises ;o)
Fairbriar share price data is direct from the London Stock Exchange