||EPS - Basic
||Market Cap (m)
|Electronic & Electrical Equipment
Real-Time news about Pressac (London Stock Exchange): 0 recent articles
|jack.f: What would Pressac share price be now if the company was still listed or floated back on to the stock market? If they had reduced the debt by 18 million and had better terms from the bank and cash in hand.
Hard one to answer but my guest is a lot more than 5 or 6 pence.|
You have the decimal point too far to the right. The value of the company at 1p share price is only 800k! Pin money - (86 mil shares in issue). That's why the 10p floated by Union (8m cap) is not out of the question. Could even be conservative. Don't forget TTG paid about 20p for their holding.|
|jaknife: I think that your right jack, I'm certain that there'll be some recovery in the business, I'm just uncertain to what extent that that will feed through into the share price. The accounts have still not been finalised for the last year and the AGM that's been called will not be to approve accounts - presumably the auditors are still not prepared to sign off. All that we're left with is "gut feel" as to a valuation for the business.
At around 1p and an equity value of £8m it was cheap option money but at 2p and a valuation of £16m I have to start asking what the business is really worth and I'm not close enough to the action to know an answer to that and don't have the time to pull together the information to get an answer.|
|fusebox: There has been some comments that it would be quite easy to dispose of the co quite easily at the present low price....
However its not that simple. At a nothing share price ie the company was given away there is still about £45 million of debt.
That debt has to be serviced and at a great cost.
For every penny increase in the share rise the market cap rises so the cost of aquisition including the debt increases.
So where is the incentive.
Its a simplstic way of proving even at less than a penny a share there isnt much value here.
Moreover the trading yesterday was very deceptive...the bid and offfer of 1 to 1.25p on average was misleading.
Quite a lot of trades went through at 0.5p and over. That said the majority probably at below the stated mid price.
Any holders will not be able to sell there shares once delisted imho and will have to await to see if there is any value left after the asset disposal.
Should the co have to go in administration i would doubt that.
Very risky indeed im afraid. Its a gamble !|
|farsight: Monty, the shift happened long ago. One gets better at spotting it. I very much doubt there will be anything for shareholders. Ever. Watch out with V if you're still in.
Farsight - 5 Apr'05 - 14:07 - 769 of 772 edit
How you doing guys? It's not good to hear talk of delisting and "no known reason for recent share price rise"... to thruppence. Jeez, and to think I made a grand or two when I bought at twenty something and sold at thirty something. I guess with experience you get better at spotting the signals. I look out for when the RNSs always seem to be bad news, even when there's profits coming in, and reckon it's down to cosy chats between directors and creditors that somehow seem to end up with shareholders losing out.
|farsight: How you doing guys? It's not good to hear talk of delisting and "no known reason for recent share price rise"... to thruppence. Jeez, and to think I made a grand or two when I bought at twenty something and sold at thirty something. I guess with experience you get better at spotting the signals. I look out for when the RNSs always seem to be bad news, even when there's profits coming in, and reckon it's down to cosy chats between directors and creditors that somehow seem to end up with shareholders losing out.
|boll: I think he means that whatever happens to the share price of Pressac or eurodis it will have little impact on Eaglet investment trust( implication that they have very little net worth)|
|jack.f: Picked this up from Eaglet interim statement from P Webb. Dated 2-2-05
I am personally disappointed with the performance but mindful that some of the
reasons that we did not meet my expectations were well documented in previous
reports. The main contributors to our underperformance were Pressac and Eurodis Electron where share price falls offset a significant number of gains within the portfolio. At least these shareholdings are now at valuations unlikely to impact negatively on performance.
Anyone care to comment?|
|jack.f: Sorry I can not keep up with the share price movements, it bloody well going up to hard to keep up with.|
|adon: Interesting posts. All suggest a little panic. Pressac can't raise money via shareholders now the share price is too low. Don't waste your money get out now. Don't buy. It's too late for Pressac. The only people that are going to benefit from their assets will be the banks and they won't get all their money back. TT Electronics will loss, but get their money back on the cheap low margin businesses left in the auctions. Pressac will probably go bust by early new year. Don't be sucked in between now and Christmas, stay away.|
Pressac share price data is direct from the London Stock Exchange