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Gusbourne Share Discussion Threads
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|Gusbourne may have great wine but I am concerned that our 64% shareholder was not in the best of health last year and should, GF, anything happen - won't his 64% head straight back to the market? He is obviously entitled to his rights of privacy but in these instances it would give more comfort to investors to have an agreed succession plan published?|
|Have you noticed mm's quote 6% higher at each close, why is this?|
|From the FT:
Taittinger to produce British bubbly at Kent vineyard -
|Chapel Down harvest report:
Chapel Down is delighted to announce the conclusion of the 2014 harvest, which has surpassed expectations in both quality and quantity. Total tonnage of fruit received at the winery increased more than 40 per cent over 2013’s record harvest and Chapel Down will be able to produce nearly 1 million bottles of wine from the 2014 harvest. In addition the class of fruit received was excellent and will allow the Company to make still and sparkling wine of the very highest standard.
GUS estate is about 4 miles away.|
|The H1 results this morning include;
The Group's activities are financed by its own cash resources, bank loans and convertible bonds. Bank loans and convertible bonds at 30 June 2014 amount in total to £3,792,000 (2013 - £nil)) and represent 57% of total equity (2013 - 0%).The achievement of the Group's long term development strategy will depend on the raising of further equity and/or debt funds to achieve those goals. Additional funding will be sought by the Company to invest in additional vineyards, winery capacity, and stocks of wine as well as brand development, in line with its development strategy.
I'd love to invest here, for the same reasons as Lord Ashcroft. My pockets aren't as deep as his, unfortunately!
By the time it moves into sustainable profit (after 2017?) the share price will already have risen. Or not, if it flops.|
|IC article this week about mostly Chapel Down, also about GUS:
The other winery looking to raise capital is Aim-traded Gusbourne (GUS). Based near Ashford, just a few miles from Chapel Down, Gusbourne has none of its peer's flashy visitor facilities, operating instead out of a giant shed. It is also many years behind Chapel Down in terms of business maturity, with no expectation of cash profits before 2018. What it does offer is a premium brand (the company's benchmark bubbly sells for £28, compared with under £20 for Chapel Down's), backed by an impressive haul of awards and a commitment to the finer points of viticulture, including a very costly four-year production process. Revealingly, chief executive Ben Walgate was trained at Plumpton Agricultural College, not business school.
At an offer price of 77p, compared with net tangible assets of 40p, Gusbourne's shares are clearly a riskier proposition than Chapel Down's. However, the key risk - that the company runs out of working capital while it waits for its stocks to mature - is mitigated by the backing of Lord Ashcroft, who owns 64 per cent of the shares. "Lord Ashcroft enjoys Gusbourne very much," stresses Mr Walgate. For personal as much as for economic reasons, Gusbourne might not be allowed to go bust.|
|Article in the Telegraph on sunday, saying there might be a forthcoming rights issue.|
|Anyone know anything about this company? Is it worth buying, the spread is enormous.|
|No idea what's going on or when it's going to end! Equally interested general5.|
|Any ideas as to when GUS will come out of Suspension?|
|can do if you like.
i'll do something tomorrow morning|
|spob - thanks for the new HOME thread, are going to do one for Experian (EXPN)|
|will home retail group trade under the symbol HRG ?|
|The Sunday Times October 08, 2006
Top rating for Experian float
EXPERIAN, the company that rates people's credit worthiness, yesterday bucked recent City jitters by pricing an £800m share offer near the top of the expected range.
Experian, which is being spun off from the retail conglomerate GUS, will become a new member of the FTSE 100 when it lists on the London Stock Exchange this week. The company will have a market value of £5.7 billion after it sold shares to investors at 560p - towards the top of the expected 475p to 610p range.
GUS shareholders will receive one share in Experian for every one they currently hold in the group, which includes Argos and the DIY retailer Homebase.
The 560p price was established by selling additional shares to existing and new investors. The funds raised will be used by Experian to reduce the £1.8 billion debt it is taking on as part of its demerger from GUS. Existing investors bought £275m of the new shares on offer, with new investors snapping up £575m. Home Retail Group, the remaining business, is expected to have a market value of between £3 billion and £4 billion.
Last year GUS took the decision to split itself up, arguing that a demerger of Experian was the best way to unlock value for shareholders.
Experian is best known as the world's largest credit-scoring agency, but its reach has expanded in recent years. It now deals with all sorts of valuable, and often highly sensitive, financial information - offering its services to corporate clients and, increasingly, to consumers.
As well as providing credit-ratings on companies, it also supplies retailers with information on customers' shopping habits and spending patterns.
About 60% of the company's turnover comes from America, but chief executive Don Robert recently told The Sunday Times that he was eager to expand into Asia, and in particular China. Official trading in Experian and Home Retail Group is expected to start on Wednesday.
|"Either way, the broker said he saw scope for disappointment with the demerger outcome in the short term."
I thought the demerger was supposed to be the in shareholders interests...?!?|
|Looks like my prediction of 400p ( home) and 600p (exp) is going to be spot on then.???|
|from UK Analyst
GUS shares added 5p to 990p on its last day of trade before the demerger into the Experian credit checking business and Home Retail, the owner of Argos and Homebase. Both stocks are to list on Wednesday of next week. The talk was that the fundraising ahead of the relisting next week for the Experian business was going well. Evolution's retail guru Nick Bubb noted that, with GUS shares closing last night at almost 1,000p, it would be interesting to see the eventual valuations of Experian and Home Retail. He said that if the grey market price of Experian of 550p-560p was to be believed, the market was valuing Home Retail at well in excess 400p, which Bubb thought was much too optimistic. He valued Home Retail at little more than 350p a share. The broker said he thought that Experian was probably worth more than 600p, but he suspected that it would trade below that for technical reasons. Either way, the broker said he saw scope for disappointment with the demerger outcome in the short term.|
|I'm looking forward to it Garybaldi!!|