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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Inveresk | IVS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.625 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.625 | 1.625 |
| Top Posts |
|---|
Posted at 04/12/2008 22:22 by evileye I believe they have no intention to keep the paper manufacture operating and are merely operating this company as a slush fund/front for their future plans. AW has a lot to lose and if there is any justice, he will. As a plc aren't their actions or intentions supposed to be visible? Do they not have a duty to declare their intentions to the remaining staff or investors? What is happening to any funds generated if any? |
Posted at 12/12/2007 17:18 by mjcrockett q12, I agree with you that Inveresk could have given us more information over recent months and years. I like companies that keep investors informed. However, I gather it does cost a company £200+ just to issue an RNS.I have attended the last 3 Inveresk AGM's and have spoken with most of the directors at these events. I have found these people open and most helpful to speak with and if you ever ring the company for information they are as helpful as they can be. I know that there have been some items that the company has been restricted from reporting in the past and there may still be. AIM is not so loosly regulated as some people think. I believe (but it's only my opinion) that the directors would be buying shares at under 10p if they could do. This statement from the recent interim results is fairly clear - "In our own small way we expect to be able to play some part in the moves towards production integration/consolid Note particularly the words "continue to engage in ACTIVE discussions". 2fedup, I was referring to Inverkeithing particularly. Also, I believe that they have some interest in Carrongrove still if their buyer gets further planning permissions in the next 10 years. MJ |
Posted at 15/11/2007 09:52 by jonny wilkinson As long term investor i'm appalled at performance of this stock, management have failed to deliver shareholder value, bid price this morning 9.75p.Communications with shareholders is appalling, no research notes to best of my knowledge. One must be very suspicious of whats going on behind scenes with this stock. Frankly i'm considering setting up shareholder action group with view to seeking removal of current directors. Any other frustrated shareholders willing to offer support . |
Posted at 10/2/2006 23:30 by mjcrockett Jonny, I went to the AGM last year and I got a very different impression to that which you describe. I spoke to most of the directors after the meeting and found them without exception to very helpful and willing to speak at length to this private investor. I spoke with Alan Walker and got a most favourable impression. I think (but I am not sure) that he does 3 days a week with Inveresk.Finally, should you be correct that IVS do sell their last business, I do not think that they will be getting planning permission etc. In my opinion they will sell the company, along with its tax losses, to a developer. I do not know the extent of any land clean up issues, but I will try to find out. MJ |
Posted at 10/2/2006 21:32 by jonny wilkinson Ptolemy - 8 Feb'06 - 16:12 - 813 of 818Communication almost non existent from directors apart from statutory obligations to report interim / final yr results. To best of my knowledge no up-todate brokers / research notes which suggests directors are not in the least bothered whether or not retail investors buy into this stock. CEO is already holding 40 plus directorships according to companies house so it begs question how much time does he spend working for Inveresk, i suggest objective is for trading business's to be disposed and then IVS concentrates on securing planning permission for its substantial landbank which again is an unknown qty, don't overlook expensive cleanup costs industrial lands when trying to secure residential planning approval, firms like White Young Green plc don't come cheap but are neccessary when environmental concerns must be addressed. |
Posted at 25/1/2006 11:55 by arthur_lame_stocks I think it'll be a 2 or 3 year wait to see the value out in these shares, which is a bit longer than your average private investor can handle. |
Posted at 17/10/2005 11:26 by cockneyrebel Well here's the chance to steal them then - £25m market cap, on the most conservative basis the two scottish land sites have to be worth more than that.I dare say they could sell these two mills, give investors 17p a share back in cash and still have St Cuthberts Miull, all that land and the business probably into profit for freebee. Plant and equipment sales will only add to the pot too. Gift horse? CR |
Posted at 08/8/2005 23:08 by mjcrockett I think the time limit for director dealing is one month when the results are issued quarterly, but agree that since IVS issue results half-yearly it's 2 months for them.A friend of mine spoke to the company today and was told that the results will not be out until September. mj |
Posted at 09/6/2005 18:00 by mjcrockett Battlebus, I could not disagree more. Inveresk was a struggling paper company up against margin and currency pressures with a pile of debt. At a stroke it has wiped out most of the debt and made clear that it is going to realise some value from its property assets. These include over 50 acres of brown field mill sites close to major cities. Whilst it is difficult to put a value on these assets without planning consent, they must be worth at least £30m and possibly more than double that figure.In addition to the closed and closing mill sites the company has a profitable paper business which it may sell (land and all) or it may choose to improve. There is also some plant and equipment remaining to be sold from Caldwells plus presumably plant and equipment from Carrongrove (not mentioned in today's RNS) - this will fetch a tidy sum. After today's increase IVS is capitalised at £23m. Whilst there may be some short term profit taking, there must be more to come longer term. I would expect that there are a few property investors having a very close look at Inveresk right now. mj |
Posted at 30/12/2004 12:37 by tradx666 jonny wilkinson,I still expect an MBO or a takeover 'agreed' deal here... So fill ya boots! As for the others...after the internet shoppers went mad this year...just follow all the internet based retailers, those associated with it as well etc..to perform strongly..! (especially dgm!! :-) regards T.. p.s...this is worth a read.. Shares 'to rise 7.5%' in 2005 Andrew Oxlade, This is Money 29 December 2004 FIVE years ago investors were congratulating themselves on riding a surge in the stock market. In 1999 the FTSE 100 powered ahead 18%, adding to gains of 15% in 1998. But the dotcom party that fuelled the boom inevitably ended with a hangover for investors. The Footsie is languishing more than 30% below its closing price peak of 6930 points on 30 December 1999. The tumble has created havoc for virtually all Britons, from small shareholders to endowment and pensions holders whose policies were dependent on healthy stock market returns. However, the doom-and-gloom figures mask a promising recovery in recent years. Having hit a low of 3287 points in March 2003, the Footsie has climbed back to just below the 4800 mark, representing a stunning rise of around 45%. Having ended 2003 at 4476.9, The rally was particularly powerful in the second half of 2004. So can the bulls continue their momentum? With high oil prices coming off the boil and a reasonable outlook for the UK economy, many analysts are predicting the so-called Santa rally of recent weeks to continue. 'The FTSE 100 is within a whisker of its highest level since June 2002 and is showing every indication of gathering strength for a run up to 5000, a level it first dropped though in September 2001,' says Jim Wood-Smith, chief analyst at broker Gerrard. Wood-Smith is not one to be drawn on Footsie forecasts. Many others are and, as usual, the predictions are bullish. The consensus is a 7.5% rise to 5100 by the end of 2005. But let's look at some of the consensus forecasts of recent years. Brokers expected a 6% rise in the Footsie to 7350 in 2000 - the market actually fell 10%. In 2001, they assured clients it would be a 17% rise to 7250 - it plunged 16%. A poll of brokers in 2002 by fund manager Legal & General found the average prediction was for a 13% rise that year they fell 23%. They got it equally wrong in the rampant bull market of the late nineties, predicting single-digit gains when the index rose 21.7% in 1999 and 14.5% in 1998. The L&G index poll predicted a rise to 4725 for 2004, and this doesn't look too far off the mark. But the pattern is quite clear: brokers always predict an annual rise of between 5% and 15%. Predictions don't just affect those in the City. A poll of small investors by Halifax Share Dealing found the average prediction for 2004 was an 8% rise to 5,131 and that the Footsie would hit 6,253 in five years equating to returns of nearly 6% a year. Essentially, most predictions hover around the 7%-mark because historically shares have tended to go up, with long-term real annual returns coming in at around 7%. The best advice is to take predictions with a large pinch of salt and focus on whether shares are the right investment for you in the long-term rather than how they might react in the short-term. p.p.s....and this !! Internet shoppers click up £2.6bn bill Sean Poulter, Consumer Affairs Correspondent, Daily Mail 30 December 2004 ONLINE retailers recorded an astonishing 44.5% increase in sales this Christmas. Internet shoppers spent an estimated £2.6bn during the past three months, up from £1.8bn for the same period last year. The boom was reported by analysts Verdict, who predict that annual sales will grow from around £6.4bn to £19bn over the next five years. It has already become clear that the surge took some web sites by surprise, with up to 500,000 shoppers not receiving items bought as presents in time for Christmas. Verdict said: 'While many High Street retailers have experienced lacklustre trading in the run up to Christmas, online retailers have been hitting record sales.' It said that £1 in every £40 is now spent online, which is similar to the combined turnover of John Lewis and Argos. An estimated one in four adults is now shopping on line - 24% - which is equivalent to 11.7m people. 'Christmas is exceptionally important to online retailers because of their exposure to gift oriented markets, in particular books and music and video. 'With limited shopping time available in December because of Christmas falling on a weekend and so many tempting online only offers available, e-retail has proved a convenient solution for time-poor consumers in 2004.' It said: 'Although some shoppers experienced delivery problems in the run-up to Christmas, overall customer experience has been positive. This has prompted further migration of shoppers from the High Street to the internet, which Verdict believes is an important factor for some High Street retailers' disappointing trading this Christmas. 'While the information super highway is by no means paved with gold, several retailers are now beginning to create meaningful profits from e-retail, among them Tesco, Ocado, Next, Amazon and Argos.' Verdict said the biggest fans of web stores tend to be those aged 25-44. Those aged 25-34 spent the most in 2004, at £693 per head, much of this on groceries delivered to the door. The 35-44 group contained the highest number of online shoppers (3.1m) and accounted for the largest share of expenditure at £3.1bn. They were ahead of all other age groups in all markets apart from food and groceries. Women outspend men online, again driven by the fact that they will be buying groceries from web supermarkets. The typical annual spend this year was put at £569 for a woman and £516 for a man. Women accounted for the bulk of online spending on clothing and footwear (62.2%), food and groceries (66.7%) and health and beauty (77.5%). The boom in web spending has been assisted by the arrival of high-speed broadband internet access, which makes the process much easier. Lower prices are the main motivation for shopping online. Verdict said 58% of shoppers mentioned price as their reason. |
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