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SMC Smc Grp

3.625
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Smc Grp LSE:SMC London Ordinary Share GB00B086GY58 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.625 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.625 GBX

Smc (SMC) Latest News

Real-Time news about Smc Grp (London Stock Exchange): 0 recent articles

Smc (SMC) Discussions and Chat

Smc Forums and Chat

Date Time Title Posts
29/12/202202:22SMALL AND MICROCAP STOCK OPINIONS4
09/12/200817:13SMC Group-recent IPO8,083
29/9/200608:54A Safe bet, get into -SMC15
17/6/200616:06Tax issues - please read-

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Smc (SMC) Most Recent Trades

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Smc (SMC) Top Chat Posts

Top Posts
Posted at 09/10/2008 11:39 by davemac3
you can buy these below the mid price (4.5p) at the moment. Are they worth a punt after the recent results and hold for a couple of years?
Posted at 28/7/2008 20:57 by phil2003
+21%.. YES.. I'm rich.. rich.. RICH as kings..
up 21% in one day.. YES!!

(checks purchase price)

ahh NUTS..
(reopens bottom drawer and replaces share cert)
Posted at 27/6/2008 20:25 by dave7
Well LFDKMP, it must feel good that someone read your post and bought a few shares and the share price moved up 3%
Only another 95% to go and we'll break even! Keep posting.
Posted at 27/3/2008 01:35 by njp
Quite a few superficial similarities to WNG here. Buy and build spending spree, share price rattles up to near 200p before imploding off the back of a series of profit warnings, ultimately to single pence, both in the same broad sector, both say they have now cleared the decks for recovery.

WNG has parachuted in a credible management team in Beart & Co (ex RAS, formerly XKO) but the business was a horrifyingly incompetent mishmash. New management appear to be acting swiftly to uncover the core to a future profitable business. They have the benefit of residual funds from the 170p share placing (how on earth were major instis persuaded to invest?) but there's a further loss to look forward to next half before the struggle back to breakeven and beyond. Beart reckons he's entered at a good price, snaffling 350k at 8.1p.

SMC is a collection of good businesses welded uncertainly together by debt, with McColl's almost megalomanic ambition far outstripping central management's ability to control the rate of expansion and pushing debt to unsustainable limits. An object lesson in the perils of too-rapid 'buy and build', though at the time many of us (me included) paid too little heed to the rapidly building debt by over-focusing on projected profits and cash flows which indicated a modest valuation relative to growth. Inevitably, of course, the wheels were coming off, the share price plummeted and sorting out the debt gave rise to 500% dilution. Fundamentally the various businesses that remain look good (very much unlike WNG) and hitherto there has been plenty of work, but new management have much to prove and key staff retention has to be a major concern.

SMC look to be the better business but the dilution is massive and must limit the upside. Will they manage to weld a credible whole out of the various disparate businesses that comprise it? Many in the architechtural universe expected them to fail. WNG meanwhile pretty well starts with a clean slate and a credible management team. They don't suffer from the dilution and have some funds at their disposal, but are pretty much starting from scratch.

I note that following WNG's recent results announcement the price rose from 8p to 12p before falling back. Though SMC's trading update was encouraging, I wouldn't be surprised to see something similar happening here and I certainly don't see any spike beyond yesterday's close being sustainable, though wish current holders well.

Both companies could be good recovery stories but there's just too much competition out there from sound, well funded and profitable growth companies on near similar forward profit multiples. Why take the risk right now?
Posted at 15/10/2007 07:39 by pbracken
Small Talk: Auckeet looks up as SMC ponders lonely future
By Andrew Dewson
Published: 15 October 2007
Despite the fact that both companies are very much at the smaller end of the UK market, the proposed mergerbetween SMC and Auckett Fitzroy Robinson would have created the UK's largest architecture practice. But the talks were called off on Friday and, although Auckett investors may be relieved, the outlook for SMC remains bleak even if it is still in talks with a private equity buyer.

SMC has had an awful year, culminating in a grim profit warning in May that has sent the shares into freefall. The merger with Auckett could have offered it a way out of its difficulties but with more than £18m of debt on the books and the equity valued at less than half of its debt pile, the company is going to have to work miracles if it is to remain independent.

The word in the markets is that the potential buyer is none other than Stuart McColl, the founder of SMC and still its largest shareholder with 17 per cent of the stock. However, hewas ousted on the back ofMay's warning and given that the stock has fallen 80 per cent since then the chances of an offer at a significant premium to Friday's closing 15p per share price look very slim.

Auckett has a stronger balance sheet and although a successful merger between the two would have required an awful of work it appeared to offer SMC shareholders the chance to recoup a larger proportion of their losses than would taking the company private. The chances are that the talks ended because it would have turned into a merger in name only – with SMC teetering on the brink Auckett was undoubtedly the party in possession of all the aces. For investors, the choice is fairly straightforward – Auckett is in good shape and will likely outperform as a standalone entity now that is not sorting out SMC's woes.

Sensible investors are already out of SMC, and for anyone left in, the future looks precarious to say the least.
Posted at 12/10/2007 07:28 by floppyjoe
SMC Group Plc
12 October 2007


12 October 2007

SMC Group Plc
('SMC' or the 'Group')

Offer update

On 8 August 2007, the boards of SMC and Aukett Fitzroy Robinson Group plc
('AFR') announced that they had entered into non binding heads of agreement
relating to a proposed merger of the two companies.

Today, the Board of SMC announces that it has been unable to agree satisfactory
terms with AFR for a merger and those discussions with AFR have ceased.

The Board of SMC confirms that discussions are ongoing with a private equity
backed third party for a potential offer for the Group. Shareholders are
advised that discussions are at a preliminary stage and that no offer terms,
including an indicative offer price, have yet been provided. There can
therefore be no guarantee of a formal offer being made for the Company.
Further announcements will be made as appropriate.

Further to SMC's interim results announcement on 27 September 2007, the Group
continues to trade in line with management's expectations following the
successful implementation of the recommendations of the internal review
committee.

-ends-

For further information please contact:

SMC Group Plc Tel: +44 (0)20 7495 5335
Robert Boardman

Numis Securities Tel: +44 (0)20 7260 1000
Stuart Skinner/James Serjeant

Bell Pottinger Corporate & Financial Tel: +44 (0)207 861 3867
Chris Hamilton
Posted at 03/10/2007 11:00 by paulcaine2003a
Hi Gary,

Haven't spoken in a while. Im not in SMC at the moment and took a pretty big hit on this one earlier in the year. IMO, its hard to judge where the share price will go. I thought that there was some kind of support around 18p but that has been breached. With the possibility of the merger, who knows where this will go. Am tempted to get in at these prices although to be honest with you the debt is extensive, and if the merger isn't properly managed, SMC could end up bringing AUK down with them.

I think underneath it all, there is long term value in SMC (I know they are winning contracts left right and centre but have no idea of the profit being made).

Another thing is that Kier Chiefr Exec recons the construction boom will continue for at least another 3 years. If thats the case, then that gives potential for SMC to get things together and set up a profitable business which could lead to a buyout (should the current merger fall thorugh).

One final thing is that SMC bosses may need to merge the company to stop it from going under. I know AUK don't have any debt so in that case the debt that SMC have would be shared. As a result of sharing debt with AUK, you have to question what bargaining power SMC will actually have with the merger and the terms that are likely to be given are more than likely to be in AUK's favour. IMO, AUK is looking like more of a buy than SMC because if the merger fails, their share price is likely to increase and if the merger happens then their shareholders are likely to get better terms than SMC's.
Posted at 16/8/2007 07:16 by m0270h00
Hi PAAG,

You haven't missed much at all, an RNS was issued by SMC on the 8 Aug stating the following:-

SMC Group Plc
("SMC" or the "Group")

Merger discussions

The boards of SMC and Aukett Fitzroy Robinson Group plc ("AFR") announce that
they have entered into non binding heads of agreement relating to a proposed
merger of the two companies.

Shareholders are advised that the discussions are at any early stage and a final
agreement is subject to extensive commercial, financial and legal due diligence.
There can therefore be no guarantee that agreement on the final terms of the
merger will be reached or that the merger will proceed.

The proposed merger would create a group with some 890 staff with operations in
38 offices across nine countries.

Further announcements will be made as appropriate.

SMC is also pleased to announce that it yesterday received formal approval from
the Bank of Scotland for an increase in the quantum and term of the Group's debt
facilities. The new facilities will allow the Group additional headroom
commensurate with current and expected trading.

---------------

After this RNS the share price rose a little to 29p but has since fallen back, no more news has been issued since
Posted at 20/7/2007 10:29 by gilly1965
hi Devere, I no expert, and I only trade in small amounts, I decided to buy at 25p, the share price has drifted a little since my buy, however I like SMC, and my small stake is mearly a speculative buy.

Over the last couple of days there seem to be more buys than sells, I think this share as I'm sure you no is oversold and expect there is plenty of stock around, however I think with some +tive news we could see addtional interest and the share price will lift.

I have no target price as i would no how to set one, but I would like to think in two years we may see a turnaround, however this all depends on how the management communicate with shareholders over the next 6 months.

I hope the worst has been uncovered and I think until we see a +tive RNS the share price will stay as it is.

Just my thoughts

DYOR

Andrew
Posted at 12/6/2007 13:53 by dave7
Not huge volumes today so no big change either way.The SMC share price is pretty much dead though isn't it,and barring really good figures (unlikely!) I can't see it going anywhere in the near future.Be interesting to hear some more news though,any AGM moles out there?
Smc share price data is direct from the London Stock Exchange

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