||EPS - Basic
||Market Cap (m)
Real-Time news about Poole Invest. (London Stock Exchange): 0 recent articles
|uncle john: I am sure A-L-S is right in many respects esp capvalue and:-
1. The approach to the bridge must go through or very close to the Pilk site.
2. Plot values. Try to compare with Oakdale or West How. We are fairly sure that the development will be factory or storage/distribution
3. Stakebuilding? I think we have seen this before, from memory about the time the northern factory was closed a slick character built up about 11%.
nothing much happened to share price, and here we go again.|
|buywell2: My land price example from rightmove website was £400,000 per plot
Based on current share price I reckon the plot price of PIV is only £80k
Therefore a plot price of £160k equates to 8p a share which still looks cheap for the area
I suggest a fair market value would be £240k a plot or 12p a share
I shall not be selling but will await the final outcome|
|hybrasil: There have been a lot of buyers at the 3.75 level over the recent past and no sellers. Unless some shares come into the market soon I cant see this share price staying at this level.
At 8.21am it was electronically 400k v 12k !|
|renixus1: Arthur, do you think management might be under the heavy influence of the "shrewd" investors regarding the release of information, who will be much happier to increase their holdings at the lowest price possible before "they" exit? They'd hardly want the share price to spike before they've finished accumulating stock, would they?
I think we'll see a spike a some point, but like you I've no idea when - probably when we least expect. Best to let this one lie, and wait to see what happens. It's not a trader's stock, more of well to do private investors type of stock who can afford to wait this out and can take the consequences if it doesn't pan out quite the way they hope it will. But why do you think they're wealthy in the first place?|
Well earlier estimations of the value of the site were around £10 million if I remember correctly, and the property market has risen since those days, so I would think, if the deal is done before any wobble in the property market, it must be worth at least £10 million, probably more.
Divide the current market cap into 10 million, and you should see the potential increase.
according to MAM, market cap is £5.5 million, ie 184 million shares @ 3p, so to to keep the math simple, if the site is worth £11 million, the share price would double, to 6p.
Company Name Poole Investments Plc
Last Update of Data 06/03/06
Share Price (p) as of 06/03/06 3.00
Shares in Issue (Current) (m) 184.95
Market Cap (Curren.t) (£m) 5.55|
|latestarter: read the thread fella, DC has been here since this was a tile manufacturer and ws invited to join the board to complete the disposal of the tile business and use his backround to help sell the land.
this investment to DC is small change and if you speak to him you will see his cost is higher than the current share price.|
|hybrasil: I would be surprised if the bid was to drop below 2.5p and I expect the share price to stay steady here for about 12 months|
I have had a conversation today with one of the directors of the tile company, I have recieved information on the exact state of PIV´s finances and the financial situation they are in. The tile factory is staying on that site for at least the next decade and if you look at pay attention to clauses on the current lease and the other financial arrangments (which will not be disclosed to the public) you would understand the position PIV are in. Expect the land to be bought from PIV by the new tile factory owners and then PIV will vanish. The tile factory is being newly equiped with automatic production equipment. They would not make this investment if they had any concerns about moving within the next 5 years.
I cannot disclose too much but I can safely say I will never have anything to do with PIV shares again.
I am not trying to talk the price down to buy in or to let others buy them. PIV is worth about its current share price but it wont be converted into cash for about a decade.
ps planned development for the area the land is in isnt due for completion untill 2021. Also the tile factory is on commercial land the last to be fully developed in any resedential development project.|
|screwed: Re the Chairmans position, as I put forward previously, whats in it for him?
No shares of any consequence,
no salary of any consequence
Yet he took on the position of Chairman of a tile manufacturing company from a property based development background.
To date nobody has attempted to answer my initial question.
With the virtual complete lack of info to shareholders, it is only natural for questions such as this to be asked.
I do hope that this is not another case of PLC company dropping into the AIM to allow a Board far more latitude as far as shareholder involvement is concerned and dragging the share price down to a level where a deal is done which leaves SFA for the shareholders.
I was reassurred to an extent by Hybrasil's views on Mr Booth but still we hear nothing from the Chairman
With the shareprice hitting the carpets for a company whose principal asset is a superb redevelopment site, something does not add up|
|unionhall: For what it's worth 300k of today's sales were mine.
They were driven by a requirement to use funds elsewhere - I have no negative knowledge of PIV but they did seem to contribute to the share price fall.
Best of luck to ongoing holders.|
Poole Investments share price data is direct from the London Stock Exchange