Safeland Share Discussion Threads

[nick nak paddywhack] 12/10/2012 14:55

I like the way they've been open about this and that the losses have been contained, and hopefully mainly recovered.

[gelp] 12/10/2012 09:00

200k has been recovered.
Possible that lot more assets can be recovered from perpetrator.
Problem has been quantified.
May be more but I guess care was taken in putting out the statement.
Like it or not surely the asset base and cash flow is solid.
Could be taken private. Market cap £now only £1 million - surely can just as easily go up again.
Surely others will see value at this level.
OK family control, but their shares as well.

[gelp] 12/10/2012 08:50

Cheap now or very cheap?
drop of 35% over done?
Property assets still in place and with good cash flow.

[pugugly] 12/10/2012 08:50

Fraud - Could be the end (imo)

[topvest] 03/9/2012 20:23

You will be lucky!

[battlebus2] 03/9/2012 17:50

Maybe so but if i can make a little along with them i won't complain.

[topvest] 03/9/2012 16:58

This is a rubbish company run for the benefit of the directors in my opinion.

[dupree] 02/9/2012 21:49

yeah yeah yeah.

[battlebus2] 18/8/2012 10:34

Excellent results and progress being made at last.

[paulcoffin] 17/8/2012 13:08

Looks like NAV is around 33p if you include the share options the directors have allocated themselves

[the troll] 17/8/2012 12:08

preliminary results out today;
Nav = 53.6pps & discount = 81.3% ( @ 10p to buy ), just a little harsh, perhaps, in view of the tennis club & JV ( 'doss house' ) potential. ( NAI ).

[tiger20] 15/8/2012 20:30

Company doing well - couldnt be busier

[dupree] 04/5/2012 12:50

today, two big sales of SAF shares, 2x 150,000

I could have sworn the market size for saf smaller than that. I can remember my broker telling me my sell orders were too large for one go.

I can imagine those sales depressing the sp

[dupree] 03/5/2012 11:40

I had a bad dream...I woke up and found my safeland shares had gone down past nought and a value of minus three pence each.

[dupree] 02/5/2012 18:08

Keep us posted on your 'deeper research' won't you

[dupree] 02/5/2012 18:07

troll, my family have had SAF (and their spin-off) shares (like Hercules etc)for many many years, at one point they did well, but in recent years they quite consistently make never a penny and don't appear to me to make attempt to do so and meanwhile large chunks of companies value drain away day after day and year after year to the owning family and their cronies which is why everyone so hacked off.
one or two other posters more knowledgable have sort of explained that the share structure makes it unlikely anyone can wade in private equity-like and share out the value.
Having driven share price down to 10p or under, the arrangement that directors should acquire most of the company in share options as a reward for taking it back above 10p was not well rec'd.
I have kept some of my holding, but for me looking to the nav as a justification for buying or holding has been very unrewarding.
But if you have spare cash and can buy in at under 10p for the asset value why not have a go, it will take the directors seeral years to spend all of it on themselves...

[the troll] 01/5/2012 17:12

'We look forward to the future with cautious optimism' ( per Sept. 11 interims ).

this might warrant some deeper research. ( I'm all for acquiring hard assets like property at a spectacularly cavernous discount ! )

[the troll] 01/5/2012 17:02

net assets = 50.8 pps & current discount, therefore = 84% + !!; seems a little harsh even for this stock ?

they haven't reported any covenant breaches or other financing difficulties ( as far as I can see ) but the SP's telling us something's not right ( IMHO ), or maybe it's simply a total lack of interest ?

[dupree] 28/4/2012 17:49

Has it failed to stay above the magic 10p, I think so! not encouraging I think investor confidence is low!

[ydderf] 20/3/2012 15:58

call me old-fashioned, but the bid offer spread is smallest for ages and the chart suggests it is getting restless........

[markt] 07/2/2012 16:39

imho the LSE/AIM need to modify their rules to prevent repeats of companies like Safeland......family controlled....

"cap. value of around 2M....and exec. dirs get 1.5M pay in past years !!"


Avoid like the plague !. Directors bleeding it imo.

Topvest agrees. And I think some others.

But NOG. Read the accounts before buying/selling.

[battlebus2] 06/2/2012 19:18

I believe that this government are about to start the ball rolling.

[markt] 06/2/2012 18:50

Hi
LFI same price now as it was in 1990-1994. Not so great !...Ah, I see that Safeland is also the same price as it was in 1993. He he !.

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imho the LSE/AIM need to modify their rules to prevent repeats of companies like Safeland......family controlled....

"cap. value of around 2M....and exec. dirs get 1.5M pay in past years"

If a company has "any" public shareholders then there need to be some basic rules.
And those rules need to prohibit that directors can award themselves whatever pay they want.

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and perhaps limit listed companies to only have 1 director from 1 family.

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And personally I think that LSE/AIM/Plus should restrict the max. shareholding of anyone to 30% in 1 company. When that amount is exceeded it gives too much power and creates too much risk of problems imo....and human greed and temptation can take over....even with rules, too much risk imo.

And imho perhaps a limit of 15% for any 1 director.

and companies with greater than those percentages....they can just stay as private companies !...and not raise money from the general public...instead stay private and raise money from rich experienced investors and from investment funds/vehicles....(who will write a contract with conditions before investing !)

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Sadly, for LSE/AIM/Plus.....it will imho always be 'dodgy', infested with insider dealing, dubious deals and PIs at the end of the food chain, ....
...the City regulates itself....so it never will be tough on itself...
same as the press, self regulation. The result, the News of the World scandal, including Downing Street and the Prime Minister's office....and the UK made to look bad in the eyes of the world.

[topvest] 06/2/2012 18:34

I definitely agree with you on this one Markt...it makes WSE / LFI both look great investments in comparison!!