||EPS - Basic
||Market Cap (m)
Real-Time news about Range Cooker (London Stock Exchange): 0 recent articles
my favourite share which meets most of the Slater criteria is Hornby:- no debt; good divi; low PE; almost unique products with household names which are selling well; share price at new high.
Interims next Fri
what about you?|
|uffy: I believe that the dividend gets paid to those on the register at the start of trading today, and so, in theory the 1p fall in the share price should have already occured. I am hopeing, as a holder, that the slight pull back which we saw this week, was the MM's trimming the price in anticipation of the dividend.|
|james8: I suspect that the seller may still be around- keeping the share price down.|
|shortermer1: Most definitely a sell imo.
If it was a buy then we'd be staring at a share price of about 23p!!
Range Cooker calls off takeover talks
Independent directors of Aim-listed Range Cooker, maker of old-style ovens under the Britannia brand, have pulled out of drawn-out takeover talks with entrepreneur Robin Russell and his backer, Graphite Capital. Christopher Spink reports.
The talks began in February when the group said a party, which turned out to be Russell, in association with an un-named director, would be likely to make an offer 'at or around 20p a share'.
Chairman John Armstrong, who owns 68 per cent of the shares and his partner Nigel Wray, who has a 5 per cent stake, agreed not to talk to any rival party and to accept the offer, if it was made, at or around 20p or more. This agreement lapsed in mid-August with the offer not lodged.
Another unnamed party entered the frame. Armstrong has said he will pay Russell's group £350,000 if he accepts this offer as compensation for management time incurred.
Now the directors, including Armstrong, have cancelled talks with Russell 'on valuation grounds'. This maybe because in the year to April the group reported a 22 per cent to £4.4m on sales up 14% to £15.4m.
The company made 1.94p of earnings per share, which exceeded broker Brewin Dolphin's forecasts. This puts it on a PE ratio of just 8.8 at today's 17p share price.
No dividend was paid at the time but today the company has declared a 1p special dividend payable at the end of the month. Trading in the first five months of the year 'is in line with expectations'.
No directors nor Brewin Dolphin were available for comment.|
|james8: Hi WCB,
Sloppy use of words on my part to say 20p bid rejected- more put to one side.
The original statement saying RCC would accept an offer of 20p or more doesn't necessarily mean they HAVE to accept a 20p offer IMO.
I wish Armstrong well for compassionate reasons, but it is also in shareholders' interest that he has the strength to thrash out a good deal for us.(IMO not something we can rely on other directors to do).
I'm surprised to see any slippage in share price because I feel it should be underpinned at 20p.|
|washbrook: James 8
I don't think that was the reason they shot up.
Look at the results from 1997
Year profit £m eps divi share price day before results.sp day of results
1997..0.99..0.63p..0p..share price not known @ time of results
1998..1.96..1.19p..0.13p share price not known@ time of results
Therefore since 1997 results
Profits 345.45% up
eps 203.125% up|
|oniabsta: I'm holding, even though i'm fed up with this delay i can only see a win/win situation. If the bid is successful then it's 20p min (still above bid price)If i'ts not then the dividends will resume and the profits and therefore the share price will rise over time.|
|washbrook: Although I sold out my holdinggs @22.5p and 22.6p it is sad what has gone on in this company.
20p selling off the company and now the talks are off.If the major shareholder wanted to get rid of the company surely he could step down fom c/e and board could find another.Eventually selling off his holding to other potential buyers.
Forecast for 2002 results £3.8m profit eps 1.7p divi 1.4p.
Actual £4.2m 1.94p 0.8p
But for the announcements on 15.2.02 at 20p offered for the company the share price would be 30p or more.
Last year when results were announced on 3.7.01 profits 3.57m share price went up 2.25p on the day and were cheap then .
Now I dont know but what are the other directors there for?
Sad very sad.|
|james8: I've had a reply from John Armstrong re: take-over talks and share price dip:-
In reply to your request all we can say is that talks are still progressing.
On the subject of share price we are not aware of any reason for the fall other than stock market activity.
It doesn't leave us any clearer|
Range Cooker share price data is direct from the London Stock Exchange