Smc Share Discussion Threads

[dave7] 08/11/2007 11:43

Looks like a couple of peeps agree with you bteam-some buys today,brave,well informed or just crazy?

[thebteam] 07/11/2007 17:52

Have to agree, this is a good price to get back in!

[topinfo] 07/11/2007 14:23

just bought a small holding at 11p...would have cost me 23k some months ago, but only set me back £1100 now, so work out what amount I bought. No real reason for buying other than I think they could turn this around and there is very limited downside from here. IMHO.!!!

[cyberbub] 07/11/2007 14:17

8Trader, there should be 3rd-quarter interim results coming out just after Christmas, the fact that they are doing this must mean that they think that there is something in those results to inspire a bit more confidence. Combined with the Glenigans news that someone has posted, even if it is not entirely accurate it shows that SMC are still winning business and are a going concern. I remain (very) cautiously positive.

[8trader] 05/11/2007 12:43

60k at 10p.

I thought good news was meant to be coming ?

[paulcaine2003a] 03/11/2007 17:57

ajnk

not discrediting that data but certain info on glenigans is not always accurate. Value of projects are one that is typically inaccurate, although I do know that SMC are winning a lot of work, particularly Alsop.

also, I got burnt big time on this one and eventually got out at 45p. However, its only worth 6m now which surely (even with debt) must be a buy. may enter again soon.

[peter119] 02/11/2007 16:55

think long and hard before making a decision,then once decided do the complete opposite

[ajnk] 01/11/2007 21:42

In a review of which architects are winning the most work in each of the major sectors, the Architects Journal reports SMC had won 17 education contracts worth £122m, and 12 industrial contracts worth £72m, as measured by Emap Glanigan from planning applications submitted.

[stewart_25] 30/10/2007 21:18

cyber - with you - bought at the top (99) need to get some more to get something back!

[cyberbub] 29/10/2007 23:09

final results this year were on 11th April, so add 9 months to that and 3rd-quarter interim results could be out early in the new year. it's risky but there could be some money to be made by punting on this and buying a small stake now. i am tempted to do so, but i have had my fingers burnt so badly that i am holding back. if i had not lost 90% of my intial investment (due to stupidity it has to be said!) then i would definitely be tempted to buy a few now. i will keep an eye on it in the next few weeks and make a decision then.

[cyberbub] 28/10/2007 10:27

i have always said that there is still a good underlying business in SMC, and as i previously posted i think there is a good chance that in the medium term that holders from the previous highs will get a substantial amount of our money back. how much we get back depends on the race between takeover, continuation as a going concern, and insolvency!! my own view is that the share price (whether through takeover or restoration of some confidence in the company) will be back to around 30p in the coming months. in this regard, it is quite encouraging to me to see that they are planning to release 3rd-quarter interim results, they must think that there is a good story in those.

[sllab101] 27/10/2007 19:32

Good find rik shaw.

[rik shaw] 27/10/2007 19:27

Building Magazine Article this week notes:

"In a bid to reassure the City, it is understood that SMC will take the unprecedented step of releasing third-quarter financial results in the coming months, ahead of its full-year results. This is intended to show investors that the restructuring programme of the past few months has resulted in a return to profit."


For full story:

[pugugly] 26/10/2007 08:06

latifs100:> The Directors are not fools. If you were a director of a company which you knew might not survive would you buy shares in it just to allow investors who were mislaid by the actions of previous managment to bail out??

Get real - there may be value left but actions (or rather lack of them) speak louder than words. (imo & dyor etc all cautions apply)

[latifs100] 25/10/2007 08:27

still no director purchase..bloody tight gits... i want large director purchases

[cyberbub] 24/10/2007 23:42

never mind 18p, what about those of us who hold from 118p!!

[latifs100] 24/10/2007 12:14

surely, now directors can buy at 13p... wanna see some large directors buys b4 i average down./ hold from 18p

[lfdkmp] 19/10/2007 07:29

"slowtrain11 - 18 Oct'07 - 11:25 - 7918 of 7919


"Mr McColl seems have been taking a lot of flack but the share price since Sir Rodney took over tells its own story..

Slowtrain"

There are many issues with SMC's past performance, most of which have been aired to varying degress here.

One comment I will make however: having met both McColl and Walker at the 2006 AGM, I believe that a certain vitality will no longer be present. Of course, some may say that's no bad thing if it engenders an enhanced sense of corporate responsibility, but I'm prepared to bet that people don't turn up to their workstations on Monday morning with such a spring in their step as they used to.

[masurenguy] 19/10/2007 01:34

The Daily Telegraph
19/10/07

Stewart McColl, the former chief executive of quoted architect SMC who was ousted in May, has failed in his bid to get the company he founded back. Mr McColl was behind a private-equity backed approach announced by SMC on Friday, but the company said today that "all offer discussions have now ceased."

[slowtrain11] 18/10/2007 11:25

This is probobly the worst example of Corporate communications over a year that I have ever experienced. Mr McColl seems have been taking a lot of flack but the share price since Sir Rodney took over tells its own story..

Slowtrain

[spectoacc] 18/10/2007 08:45

Well judging by that RNS, the "financial/contract positions" aren't far worse than revealed. They've had two chances to tell the market.

" Further to the announcement made on 12 October 2007 stating that the Board of
SMC was in ongoing discussions with a private equity-backed third party for a
potential offer for the Group, the Board of SMC announces that all offer
discussions have now ceased. As a consequence, SMC is no longer in an offer
period.

Further to SMC's Interim Financial Results announcement on 27 September 2007,
latest management information indicates that the Group continues to perform
positively and in line with management's expectations. Following the successful
implementation of the recommendations of the internal review, the Board is
increasingly confident of the Group's new business strategy and its ability to
deliver a more prosperous future. "

[pugugly] 18/10/2007 08:39

With a downturn in the property market (both commercial and residential) I would suspect that the demand for architects services. I therefore see a bleak few years ahead for BOTH AUK and SMC. (imo & dyor)

While smc could be an interesting recovery play at the moment one would have need to be the "proverbial fly on the wal" to know whether the t/o talks broke down on price offered orthe financial/contract positions being worse than so far revealed.

[wapper] 18/10/2007 08:33

No bidders left at the table. Will be marked down initially but then slow recovery from here