Office2office Share Discussion Threads

[boonkoh] 21/1/2014 18:49

PE should take it over, refinance at cheaper rate and add more debt to pay for their stake, and milk the residual cash flow....

[chrisis33] 21/1/2014 16:00

Bought just a few of these this morning ... not sure it's a long term hold, but I thought the update that was slated on here read fairly positively when considered in light of the current market cap.

[empirestate] 21/1/2014 11:11

looking keen folks, would be good to see Nick buying a few more.

[empirestate] 21/1/2014 08:59

£23 million apx debt and being paid down generously

[drunken monkey] 21/1/2014 08:59

Suppose OFF could be seen as a play on recovery of UK PLC which does appear to be showing signs of happening. Yesit has plenty of debt, but it is paying that down at a reasonable rate in a tough marketplace. Any upturn will transform this into a cash generating machine.

[ukinvestor220] 21/1/2014 08:42

£9m Mcap plus how much debt

[empirestate] 21/1/2014 08:10

looks like the pressure is off the share price then.

[empirestate] 21/1/2014 00:24

I see Miton Group's position needs to be taken out and surely there can't be too many left after today's buying, unless there is another seller lurking.
Not much going for it balance sheet wise, but there is a GBP200 million turnover company that could just see a decent premium to today's GBP9 million mcap. Looks like a decent bounce coming if the weight on the share price comes off.

[simon gordon] 20/1/2014 10:25

Probably the American hedgie topping up. With his and the director buying they must have a plan to get out of this pickle, just whether office supplies division sinks it before they can do it.

[drunken monkey] 20/1/2014 10:24

another 2 x 200k @ 23.5p

[drunken monkey] 20/1/2014 10:16

Couple a chunky trades showing - 400k and 137.5k @ 23.5p

Interesting....

[hastings] 18/1/2014 14:35

Interesting and different views on this one.Comment may be of interest, further down the page.http://www.privatepunter.co.uk/News/catching-up-18-january-2014

[drunken monkey] 18/1/2014 10:48

This is a company valued as if its going bust - which in my and Nicholas D. Gerber's opinion, it isn't.

Had a similar situation with Caretech (CTH) trading sub 80p towards the end of 2011 (approx 240p plus chunky div's now). For sure, office2office is not performing as it should, its just not in the type of mess that the share price suggests.

[drunken monkey] 17/1/2014 15:22

Looks like some buying here. I'm in @ 22.65p - its way way oversold and a hostile bid target at these levels IMO.

[hastings] 13/1/2014 07:43

It certainly appears so Simon.

[simon gordon] 13/1/2014 07:12

TU - 13/1/14:

"For 2014, the Board is now of the view that underlying profit is likely to fall short of 2013. We have concluded that continuing structural changes in the office supplies market, including the changes in customer behaviour we saw in 2013, suggest that trading conditions in this market will remain at least equally challenging this year, with continuing pressure on margins. In response, we already have actions underway to reduce costs and improve efficiency and are also working on some complex changes to the way we do business. The benefits of these actions will be realised incrementally during 2014 and 2015 but mainly from the second half of 2014."

It's getting grimmer.

[simon gordon] 07/1/2014 08:46

Trading update due any day, last year it was on the 8th January. Market Cap now £10.5m, all time low, no chart support levels, sinking into the abyss.

[boonkoh] 16/12/2013 23:03

Good to see Nicholas Gerber pick up a few more of these!

[napoleon 14th] 13/12/2013 12:09

This left me a bad taste last time I had a few.
Thought of buying last week; glad I didn't.
I'm keeping out.

[she-ra] 13/12/2013 09:05

Does this statement today mean they have broken any banking covenants?

[she-ra] 13/12/2013 08:17

Vostok make a bid?

[pugugly] 13/12/2013 08:12

Oh dear:- Nowrevenue recognition "errors" !!!!!!!!!!1111

What next ???????????????/

[simon gordon] 12/12/2013 15:25

2/12/13:



Office2Office (-67%) is a provider of office supplies and business
solutions. The business continues to experience challenging market conditions
and the office products market remains in long term decline. Management has
undertaken a number of initiatives to improve operational efficiency but it
will take some time before these changes are reflected in improved
profitability.