Savile Group Share Discussion Threads

[davidosh] 12/12/2013 09:14

Is anyone going to the Agm today ?

[playful] 12/11/2013 11:15

Perhaps we might see a bidding war breakout but that's probably too much wishful thinking.

[smythy4] 12/11/2013 11:13

savg huge up today. Time to cash in while the going is good?

FML looks about to take off...overdue financial & op update due, & ex CEO forecasting mkt cap to increase by factor of 8 by end of next year!

Buy FML (big vols already this a.m.)

[pugugly] 12/11/2013 11:02

At least some cash back. OK for those who bought sub 5p and a rescue for those locked in butat least doem cash is better than liquidation.

[sanks] 04/11/2013 20:45

Sheila mentioned its worth a titty wobble at 1p..for the wobble to 5p
I'll wait for the knockers to wobble

Hope this helps
Sanksalot

[pictureframe] 26/9/2013 12:51

Yes - Penna are the class leaders imo. This lot need to get a grip and fast.

[davidosh] 26/9/2013 12:47

Mmmm...rather different to the SAVG update. Just look at the update from Penna...

Penna Consulting Plc (PNA:AIM), the international human resources consulting group, announces that at today's Annual General Meeting the Chairman, Mr Stephen Rowlinson, will make the following statement:



"I am pleased to report that results for the early months of the company's financial year are in line with management's expectations. As anticipated, we are seeing growth in both revenues and margins in Recruitment and stable and substantial profits from Career Transition.


Much of our work is based on long term contracts and clients typically review these arrangements every three years when they appraise submissions from ourselves and competitors. In recent months we have achieved a series of important contract renewals and have won a number of major new contracts. The benefit of these wins will flow through towards the end of this financial year and on into 2014/15.

[pictureframe] 23/9/2013 13:01

The reduced sales and losses have had a commensurate adverse impact on the Group's cash reserves. The Board is examining options to provide additional funding for the Group.

[pictureframe] 23/9/2013 12:59

This company had a nice cash pile and its basically gone - they admit they are looking for funding. How much have the management squandered on poor company purchases. And before people says its due to the downturn just take a look at PENNA Plc who operate in exactly the same marketplace.

Personally I dont think the management team here are up to scratch. And I suspect heavy dilution will pop up at some point.

[stegrego] 23/9/2013 12:40

Stegrego 29 Jan'13 - 12:48 - 429 of 440 1 0 edit

If this was a horse it would be shot.

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You could have enjoyed the burger by now too....

[davidosh] 23/9/2013 10:08

Forget what I said a month ago as this mornings update squashes that !

Thankfully over the last ten years whilst I have been investing substantially in small caps I have made very few bad investments and even less have been bad calls on the actual management of the companies but it has to be said that from my experience here this one would be in my top five under the category 'worst investments'

I have been to Agms and had the directors at Mello for a presentation four years ago. They flattered at Mello but were shockingly bad at showing they had a clue of how to manage a people business ever since !

Big heads should roll IMHO.

[davidosh] 20/8/2013 15:39

Things appear to be improving here. If there are any other shareholders interested in a results presentation then please email me. Does anyone have a date for the final results ?

[fillipe] 19/8/2013 17:56

Well put, Boystown - my own sentiments exactly and I'm pleased to see the buy today of 75k at 11.5p top whack, even it was the only trade of the day.

Bring it all on....

f

[boystown] 13/8/2013 09:20

Well it's been nice to see this perk up a little after the trading update - but it' still one of those shares that is largely ignored by the market - understandably perhaps. It's too small to bother with a listing and the downbeat way they always report tends to suggest those involved would rather not have a listing. This, of course, is dangerous territory for us investors but the good news is that the shareholder register makes it very difficult for them to de-list without offering us a decent premium.

So where does that leave the valuation? Well with NAV of close to £1m, no debt, and the company now trading profitably on revenues of somewhere around £7.5m - and IF we're in for the kind of gradual recovery most pundits seem to suggest we are, then margins of, say, 7.5% should be achievable on growing sales.

Apply the usual kind of stingy multiplier of 6 and add in a little for the NAV-cum-goodwill and a valuation of £4.6m seems about right (and certainly not too optimistic IMO).

IF all that came to pass as would seem reasonable and unambitious, the share price would be 32p which is why I bought a decent tranche after the update.

[fillipe] 08/8/2013 17:09

SAVG is one that will be almost imposs to buy once any recovery starts to show up through better numbers. They appear to be being avoiding any excessive optimism, but I can't help but feel that things might just have started to go in the right direction.

f

[parvez] 08/8/2013 08:06

Playful,
You topping up? I have just done so :)
Cheers
P

[playful] 05/6/2013 12:00

Helen was paid £154K so hopefully we have seen this reduce significantly now she is no longer a group director.

[parvez] 15/5/2013 15:35

Turning point I think and hope!

[playful] 14/5/2013 13:33

I have decided to increase my holding today as I feel reasonably confident things can only improve. I hope to visit the CMC Leeds office to get a better understanding of what they are doing and perhaps make my own suggestions.

[pictureframe] 25/3/2013 20:23

losses yet again.....

[sammy_smith] 25/3/2013 17:27

Interview with Savile Group (SAVG).

Click the link to watch

[stegrego] 29/1/2013 12:48

If this was a horse it would be shot.

[pictureframe] 28/9/2012 08:13

Losses yet again