Gaskell Share Discussion Threads

[energyi] 04/8/2004 10:35

still weak.
discount to NAV has widened

[the inside story] 28/5/2004 16:02

OBELIX nice to cross opinions with you on the ARX thread, this also looks interesting. A long term recovery play ?

[sugarbeast] 26/5/2004 14:19

LoL!

Obviously not many shares about.
One small mm buy of 10k shares,costing £1450,has added over £165,000 to the value of the company.

[simeon7] 26/5/2004 14:17

LoL!

I think it is the Property money starting to look for a safe haven with cracking growth potential....IMHO of course.

[scuba doo] 26/5/2004 14:06

Typical head and shoulders now starting to form.

[ariesr] 20/5/2004 00:45

Interesting, thanks Ob.

[energyi] 19/5/2004 16:43

Ob., take a look at Lonrho, you won't LAF !

[petey barnes] 18/5/2004 13:45

Thanks for the E-mail Obe, one for the watchlist and worth researching further imho.

[sugarbeast] 18/5/2004 13:35

The legendary corporate raider,Mr Peter Gyllenhammar,bought just over 29% of Gaskell recently.

Why ?

The company has just had a major restructuring,bank debt elimated,and is now worth about £3mln.The chairman,in the last set of results,gave the following statement :

Prospects

The early indications in 2004 are that the Group reorganisation isproceeding
according to plan. A number of narrow looms are already operational in Poland
and sources of supply for tufted and fibre bonded products have been fully
secured. Further investments in high speed Axminster loom technology are due to
comeon stream shortly and the whole reorganisation process is due to be
completed by the third quarter.

Finance to accomplish the restructuring has been secured from our bankers and
the Board is confident that the substantial savings anticipated at the outset
will be delivered.

Trading in the early part of the year has started in line with expectations and
the improved product ranges that will come on stream during the first half of
2004 should underpin this performance.

These significant changes cannot be implemented successfully without the
commitment of all our employees. Although 2003 proved to be a difficult year,
the enthusiasm with which the new plans have been accepted and are now being
implemented gives further encouragement for the future.

I thank all employees for their contribution and I hope that their continued
efforts will see us safely through both the implementation of the current
reorganisation and the development of a more robust business for the future.


A J CHAMBERLAIN
Chairman

31 March 2004


With a newly focused company,with annual sales of around £20 mln,net assets of over £8mln,and hopefully the worst behind it,I can see why PG has bought in.

I have bought some for the long term today.

[simonjones123] 09/10/2003 10:22

A site worth checking:-



Its american but it pays uk users. I've had 2 cheque's from them in the last 2 months totalling $70 not bad for just opening my mails. You open junk mail everyday and get nothing. Get something back for a change!

Its not a con, try it.

Simon

[pdunlop] 19/9/2003 00:17

what is the limit of holding before a bid must be made,i though it was 29%.after todays news does mr gyllenhammar have to bid?,if so what price.

[farsight] 18/9/2003 13:45

Aw thanks for the tip freddy!

[mjcrockett] 17/9/2003 10:18

The price of the trade is now quoted at 13.5. See also today's news re purchase by Peter Gyllenhammar. He must be pleased with this purchase. I'd buy some at that price - 21P with a 3P spread is not quite so attractive.

MJ

[fund1] 16/9/2003 15:33

Was that price spike just to fill that order?

[fund1] 16/9/2003 15:26

7m buy gone through @ 30p

[billywhe] 08/9/2003 08:49

take off soon

bill

planet zog

[biomax] 23/2/2003 09:28

fill me boots

[biomax] 18/2/2003 06:48

i agree, in addition to having the cash, the remaining bussines has a rather big turnover and after the restructuring, a 1-3 mln profit could be easily achieved within a year or two

[fredroff] 17/2/2003 22:19

hi biomax, i agree when Gaskell receives payment for the deal and pays off their debts there should be about £10000000 .Shares in issue are 24522079 therefore cash in hand would be about 40p per share as opposed to todays price of 17p.

[biomax] 17/2/2003 19:18

with the debt problems have been sorted, Gaskell is to recover this year, target 45-30 p