Griffin Share Discussion Threads

[hugepants] 31/1/2005 15:12

Probably a matched trade ie. one buy and one sell.

[grevis] 31/1/2005 13:40

Hi guys. Just noticed that someone bought 2,350,000 Griffin in two lots of 1,175,000 this morning at 6.53p per share.

[bfranz] 29/1/2005 12:48

CFA+++sold by griffin at .24p on 18/1++=rockets straight after---someone explain this---as a shareholder its making me nervous. I'm prepared to give this a chance but??????

[bfranz] 29/1/2005 12:47

CFA+++sold by griffin at .24p on 18/1++=rockets straight after---someone explain this---as a shareholder its making me nervous. I'm prepared to give this a chance but??????

[propane] 28/1/2005 17:59

Elite Strategies PLC
28 January 2005


FOR IMMEDIATE RELEASE 28 January 2005


ELITE STRATEGIES PLC ('Elite' or the 'Company')
SIGNIFICANT SHAREHOLDING

The Company were informed yesterday that on that date Griffin Group plc acquired
5,250,000 Ordinary Shares (the 'Shares') at 0.078p per Share, resulting in a
total holding of 188,750,000 Shares or 7.25% of the issued share capital.


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

[marvelman] 27/1/2005 21:07

tbata

Thanks for a second (unbiased) opinion.Thats what I thought.Off somewhere else.

Regards

[trybuyandtryagain] 27/1/2005 21:04

hugepants you are entirely correct in your thinking i was doing a bit of research on this one and then read STEVEN DEAN well thats enough research as i need do good luck to you all you will need it .

[bfranz] 27/1/2005 17:56

Any info on current year trading/deals done etc.

[edmas] 27/1/2005 10:46

just a little information received in the post this morning
from a company called
PRICE STONE GROUP (a spanish registered company)
offering free independent research into another company.

the message and response form are issued by price stone and
approved by GRIFFIN SECURITIES.
It does say all expessions of opinion in the documents or
other communications are the opinion of price stone group
and not griffin.

we all make our profits somehow.

[the big dutchman] 21/1/2005 10:10

like i said before guys, within a few weeks this puppy will go where we want it to!!! DYOR

[grevis] 21/1/2005 00:42

andysand: The market will not ignore this stock forever. The company is growing, is profitable and has a very low PE.

[andysand] 19/1/2005 11:29

It's not going anywhere until the next results I suspect. I can wait...


Andy

[grevis] 19/1/2005 01:36

UK Analyst Monthly Roundup

Griffin Group
We initiated our coverage of Griffin Group on Monday January 17th. Today it has announced that it has placed its entire holding in AIM listed CFA Capital at 0.24p per share realising 144,000 in cash. That makes little difference to our P&L or balance sheet estimates.

Investors quite obviously have concerns about Griffin's lack of track record and about some of the previous ventures of chairman Stephen Dean. That is reflected in the lowly rating. If Griffin can deliver on its profits and cashflow forecasts those concerns may be eased and that gives the potential for the shares to be re-rated..

[hugepants] 18/1/2005 16:18

Dont know about 16p but if you exclude goodwill write-off then full year pre-tax profit was 550K. Current market cap is 2.6M. I dont think Mr Dean's involvement is going to encourage investors to buy this though.

[the big dutchman] 18/1/2005 15:33

I THINK THAT 16P WOULD BE HUGELY UNDERVALUED, BUT LETS KEEP AN EYE ON THINGS AND OUR FINGERS CROSSED, BOTTOM LINE THE SKY TRULY IS THE LIMIT DYOR!!

[andysand] 18/1/2005 13:53

Me too. As I said before, 16p would not suprise me.


Andy

[grevis] 18/1/2005 13:43

the big dutchman: I'm with you on that one!

[the big dutchman] 18/1/2005 13:42

IMHO i think this ones about to go through the roof watch this space readers!!!!!!

[grevis] 18/1/2005 13:37

CFA Capital Group PLC
18 January 2005

CFA CAPITAL GROUP PLC
HOLDING(S) IN COMPANY


Pursuant to section 198 of the Companies Act 1985, the Board of CFA Capital
Group plc (the 'Company') today received notification that, as a result of the
disposal of 60,000,000 ordinary shares of the Company on 17 January 2005,
Griffin Group PLC no longer has a notifiable interest in the ordinary shares of
the Company.


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

[grevis] 18/1/2005 09:13

Shares in Griffin Group jumped 1p to 6.5p after coverage on the stock was initiated by Growth Companies & Equity Research. It said that, on its own forecasts, the shares trade on a September 2006 price/earnings ratio of just 4.3, which it said does not appear to be demanding. It argued investors may have concerns that the management of this venture is yet to prove itself sufficiently or not understand the acquisition strategy and a change in perception could prompt a re-rating.

[grevis] 18/1/2005 00:05

JakNife: Point taken. Never thought Dean was a saint. Griffin does however have its attractions. It somewhat reminds me of RAB Capital who are no saints either.

This is an extract from UK Analyst which seems to agree with your sentiments to some degree:

Dean, aged 54, attracts his fair share of criticism as well as admiration. His critics will point to things that have not performed as well as expected but his admirers will point to his energy, creativity and spirit of enterprise. He started his business life in contract building, founding Deane & Bowes Group in 1977 and serving as an executive director of the company 1991 -1995. In 1993 he extended his business interests into property development and property maintenance with the foundation of a new business, the Dean Corporation, admitted to the Official List of the London Stock Exchange in 1997 and in 1998, de-merged its housebuilding business into Artisan (UK) plc, an AIM listed company which he chaired until 2002. He has held non-executive directorships of companies engaged in telephony service, leisure, software consultancy and financial services. In 2000 he acquired in a personal capacity eighty per cent of the equity of the small investment banking business of Griffin Securities in New York under the management of the equally enterprising 44 year old Adrian Stecyk. It is Steyck who is now the driving force behind this business and as the market takes that on board, some of Dean's critics may look at the business more objectively.

[grevis] 17/1/2005 23:27

Shares in Griffin Group jumped 1p to 6.5p after coverage on the stock was initiated by Growth Companies & Equity Research. It said that, on its own forecasts, the shares trade on a September 2006 price/earnings ratio of just 4.3, which it said does not appear to be demanding. It argued investors may have concerns that the management of this venture is yet to prove itself sufficiently or not understand the acquisition strategy and a change in perception could prompt a re-rating.

[grevis] 17/1/2005 16:34

Are we looking at further boardroom changes at CFA Capital where once again there have been some large trades going through. Are Griffin still accumulating? This was their RNS in December:

UK - Griffin Group plc acquired a 9.7% stake, or 60 mil ordinary shares in CFA Capital Group PLC, a London-based provider of financial services, for 0.0025 British pounds ($0.005 US) in cash per share or a total value of 0.15 mil pounds ($.292 mil), in a privately negotiated transaction.