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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Inveresk | LSE:IVS | London | Ordinary Share | GB0004577697 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.625 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
19/4/2009 18:08 | It may just be that there's a bit of bottom fishing going on again and property stocks seem to have come back into fashion just a little bit. Although there's quite a large amount of share been traded it's peanuts in financial terms so I think it's impossible to read anything into it. Inveresk reminds me a bit of the old Pilkington Tiles which also was a struggling manufacturer sitting on a piece of very valuable land. In the end a deal was done which saw the land and the company split into two and the land was eventually bought out by Inland PLC. Inveresk may appeal to them or similar companies, although the pension funds may prove a problem. I'll keep watching for developments for now. If I can be just a bit more sure they aren't going to run out of cash I may have a few. | arthur_lame_stocks | |
19/4/2009 15:13 | So they did ! Have you also noticed the large number of shares that have changed hands over the last week or so ? Are there deals being done do you think ? I'm wondering if the board and some of the shareholders are looking to split up the Company so that the land in Scotland is separated from the land in England (ie Wells). To my mind the chances of developing the land in Scotland are currently far higher than in England especially given the somewhat unique nature of the Wells site and its locality. My informants tell me that the board seem to have woken up at last and are desperately trying to reduce corporate costs by reducing the number of HQ employees to the absolute minimum and also moving to close the Scottish office (should have been done 5 years ago). They seem to have assumed that when PM1 was shut that the Company would become profitable again and of course they were wrong (its still the bank's fault of course). However, PM2 could become a nice profitable unit under the correct management and cost structure. Get rid of AW, GT etc and one would go a very long way to achieving that aim. All I know is that there is no point in selling shares for nothing and all one can do at the moment is hang on and hope that sense will prevail and the position of the Company improves thus pushing up the share price. | theoriginalred | |
19/4/2009 13:43 | Hi Red I was talking about the price!!! It moved 100% odd up the day after I posted. | arthur_lame_stocks | |
19/4/2009 08:37 | Sorry Arthur Lame Stocks I was not getting at you, but, it really riles me the way that this once successful company has been destroyed. Yes they can blame the bank, but, if it hadn't been in trouble in the 1st place then the bank probably wouldn't have pulled the plug. The blood was squeezed out of St. Cuthberts to cut costs etc and yet there was no attempt made by the board to cut was must have been horrendous corporate costs for a small Company. My best guess says that if corporate costs had been cut then St. Cuthberts and therefore Inveresk would have been truly profitable but, instead the mill was blamed for the woes of the company when in truth the greed and ineptness of the board were to blame. What is interesting about AW and co. is that its NEVER their fault and so behave as if they are faultless and yet all they are is a bunch of lying bullies. | theoriginalred | |
18/4/2009 23:43 | Was it something I said? Red, I think their problem is that they're asset rich and cash poor. It'll be a few years before any value can be released from their properties so unless they can generate some cash from what remains of the manufacturing/joint venture or related assets it's going to be dificult to pay the redundany I guess. That's scant consolation to those that are owed it though I guess. To a large extent it's that that put me off buying a few at 1p, because they just don't have the cash to keep going as far as I can see and I wouldn't be surprised if the properties were misapproprited in some dodgy deal which involves the banks getting their cash back and everybody else getting shafted. But we'll see. | arthur_lame_stocks | |
16/4/2009 16:13 | Anyone got any idea when the results are due? Company virtually worthless at the moment. | arthur_lame_stocks | |
25/1/2009 11:41 | Have heard a rumour that the redundant Inveresk staff were paid half of their redundancy money last friday. Can anyone confirm whether this is true and what conditions AW and Co imposed ? | theoriginalred | |
20/1/2009 18:07 | One easy way for disgruntled ex employees to get back at the Board would be quite simple really. Highlight the shenanigans in clear simple terms to local labour councillors about the way employees were treated and simply remind them again at the time of the next Planning Application for the land by IVS. every little helps ! q | quazie12 | |
08/1/2009 19:26 | TOR- From what I heard they did not give a toss when the ex.employees were not ex. | 2fedup | |
08/1/2009 18:56 | What is the chance of seeing the money owed to the sack workers of Inveresk?I would think more of a chance that they wind company up before any money comes. | ade13 | |
05/1/2009 09:46 | Q12 - My apologies I think that you are on our side after all ! I predicted a similar outcome months ago when it became clear that the board were making no attempt to support the share price and I still think that's what they will do. They don't need to allow that company to go into administration they could buy it for less than current market value by bidding for the shares and the current value is much less than the latest value of the land. I still think that the board are a bunch of deceiptful incompetent crooks who have conned shareholders, employees, customers etc and I just cannot understand how they have been allowed to get away with it. | theoriginalred | |
04/1/2009 22:29 | loks like they are prob working now to obtain the finance to acquire the real estate from an administrator for a fraction its true worth. Has happened many times over in different guises. The ultimate shaft | quazie12 | |
30/12/2008 16:21 | I do not trust this company and would not be surprised if they try and pull a underhanded trick to get out of paying this money,they done it at the end of the summer with there fictional letters and lies about peoples money they made up so many stories as to why the money was not it would have been funny but for the fact they had put people out of work with no money while they carried on with the business. | 2fedup | |
30/12/2008 15:23 | Q12 - I see that the board have got yey another mole on this BB. What you like or don't like doesn't matter. The fact is that Inveresk has been run by a greedy incompetent bunch of crooks for the last few years who have done their very best to screw both employees and shareholders. I see the share price has broken yet another record. Also the chairman's and MD's reports are full of inaccuracies and lies. Even if the Chinese project goes ahead there will be no one left at Inveresk to run it and meet Inveresk's part of the deal. So Q12 get real yourself. By the way if it goes to tribunal the Company do not have a hope in hell of winning and will end up in administration. I think they will pay up but, only when they absolutely have to ie the day before the hearing in February. Due to the delay the very least that AW and his cronies could do would be to pay all the redundant employees interest on the money they owe them - 10.0% would be a fair rate. | theoriginalred | |
30/12/2008 13:24 | Hahahaha- that's a good one. A board of Directors getting their just deserts! Tell us another one, please! | fludde | |
30/12/2008 13:16 | Theoriginalred This is a bb not a union newspaper. If the BOD have committed a wrongdoing then they WILL get their come uppance at the Tribunal I am sure so why not calm down and let this take its course. I am sure the right thing will be done. | quazie12 | |
30/12/2008 11:18 | This week must be D-Day for all the ex-employees who were sacked by Inveresk at the end of the summer. | 2fedup | |
24/12/2008 10:35 | I suspect he's a rugby man myself ! | theoriginalred | |
23/12/2008 18:53 | He would do well if he made it to kick off. | 2fedup |
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