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Sherwood Grp. Share Discussion Threads
Showing 326 to 349 of 350 messages
|Sherwood (SHW), now Intimas Group (IAG)
|A good price for Borrowash to; more than was expected.|
|Fujin Technology (FJN) may be of interest to you chaps. Used to be Matrix Communications (MXC). This is another cash play. Theyve made 2 disposals this year for over 50M and have one tech business left, Fujin. Market cap is only 25M and net debt of about 16M before the disposals. It wont be clear until results but Fujin may now have a cash pile of nearly 35M versus current market cap of 25M. Theyve already said they will return 10M to shareholders shortly.|
|And now more cash to play with with the proceeds of Borrowash.|
|They certainly seem to be doing the right thing, rebuilding the business. Between Charnos and Caprice they should gain about 5m of turnover for a low cost.
Let´s hope that the web site and other initiatives help turnover and margins too.|
|Today´s announcment was leaked in yesterday´s Sunday Times!|
Where did you read aboout the tie up with caprice.
I only saw the rns this am.
I agree the news is good.
The new chairman and Carol Duncumb seem to be breathing life into this co. Now with tons of cash to play with it could be very exciting indeed.
Two years time should see a vastly increased T/O ( and share price).|
|Nice tie-up with Caprice - this could prove to be a very profitable relationship. After all the frustration of dealing with the Pension Regulator I am at last beginning to feel quite optimistic about this situation!|
|I'm in from today, been in and out in the past but this looks like the real deal this time.
The recent chart breakout during a very dire market is a good pointer tooas with the director buys imo.
I reckon these will do a Walker Greenbank performance soon myself.
|Sorry hybrasil, I disappeared again due to all the market turmoil! Great to see a small rise here today, almost reached nav! Must admit I am a bit disappointed these haven't done more and, although I would love to hang on to them, they might have to go on my possible sell list. Will hang on as long as possible! Good luck all holders. MrP|
delighted to see you here.|
|Nice positive statement today I thought.|
|I think this must be the highest they´ve been in yonks. They should be getting the cash from Borrowash in a few weeks.|
|Up 7% on the day!!|
|what did I tell you
Volume starting to go through|
|looks as if at long last we could be about to have a bit of fun here. Director buying gyllenhammer upping his stake loads of cash a managment with some gung ho.
And very little stock about!|
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|So its now 12p bid. Where to now?|
|It already looks as if it is.
I have been buying more|
|Did anybody see Walker Greenbank´s (WGB) results this morning? They´re another Gyllenhammar stock, he owned 30% until recently and they have been through a lenghty restructuring and have finally returned to profit.
the real interest is provided by the way they have handled their pension fund.
"During the year the Group offered to buy out the right to non-statutory pension increases from its active and deferred pensioners. This proposal proved to be attractive to the members with a 70% acceptance rate. This has resulted in a reduction in the FRS 17 liability in the balance sheet of £5,634,000 and a benefit of £4,076,000 in the profit and loss, disclosed as an exceptional operating item. Additionally the Board decided to take this opportunity to adopt the most up to date mortality tables in the FRS 17 calculation which caused the deficit to increase by £3,196,000. The Financial Review contains more details of the changes to our FRS 17 pension deficit."
Renew Holdings (previously Montpellier) which was also a Gyllenhammar stock managed to subtantially reduce their pension fund deficit doing much the same thing.
Sherwood have announced that they are looking to do something similar and looking at these previous examples it could have a really positive effect on the size of the pension fund and it´s funding level.
"At the same time, the Board intends to make available additional funds to enable those former employees who wish to transfer their benefits out of the Scheme to do so on suitable terms."
I went cold on Sherwood for a while after it looked like much of the cash was going to disappear into the pension fund and with the deterioration in trading but I think it´s a much more interesting proposition again now.|
|Apology accepted but try not to make the same mistake again!|
|sorry - just as I was writing someone bought 50k at 11.5p and took out the remaining MM|
|level 2 looking very strong - 4 on the bid at 11p and only one left on offer at 11.5p - next MM after that is looking for 12p!|
|Agree good news they arent going to put a lump sum into the pension scheme. Things look much better now.
Arthur, Agree. LDSG is my largest holding and Ive been topping up at sub 21p.|