Share Name Share Symbol Market Type Share ISIN Share Description
ST Ives LSE:SIV London Ordinary Share GB0007689002 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00p -3.95% 73.00p 72.00p 74.00p 78.00p 73.00p 78.00p 1,215,896.00 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 367.5 -5.7 -5.9 - 104.19

ST Ives Share Discussion Threads

Showing 1726 to 1750 of 1750 messages
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DateSubjectAuthorDiscuss
20/1/2017
21:40
When the price paid is reimbursed through performance of the acquisition, that should be reflected in the amortisation of goodwill. When the goodwill is "impaired" that implies something has gone wrong or they overpaid. Although goodwill adjustments are an historical comment, and I often look at them fairly fleetingly, nevertheless it bears a relationship to management performance - whether because the price paid was too high or the acquisition has not performed as it should. £12.7m impairment can hardly be regarded as anything other than shocking.
edmundshaw
20/1/2017
20:38
I tend to ignore goodwill, and the way it is carried on the balance sheet, but that is on the basis that the premium paid for it is justifiable, when it is written off one assumes in an ideal world the price paid for it has been more than re-imbursed through performance of the acquisition. However, too often that price has proved too high, Martell and Armitage have accumulated a number of businesses to re-direct this co., it was their job to ensure the price paid would generate a commensurate return, so far the omens are not good, but I recently bought in hoping this dude will sort the job out, get rid off Clays and bring the business into focus! And with it some cash to pay the debt down!
bookbroker
20/1/2017
19:38
Hard to disagree bookbroker. Just looking at the impairment of goodwill and acquired intangible assets in the Annual Report tells a story: £12.7m down the pan (and £1.5 the previous year, and £1.2m the year before that). Of course some of it may be kitchen-sinking, but that is a pretty miserable reflection on some of the acquisitions of the last few years.
edmundshaw
20/1/2017
18:33
The chief needs to be sent packing here, he's issued two huge profits warnings which have destroyed all trust in his stewardship, personally that signifies that he has no grasp on the underlying trends within the industry, and more worrying the performance of the disparate numbers of businesses acquired, why have these acquisitions not been consolidated to drive out costs, they all seem to be operating independently, it's time Armitage got a grip and started earning his keep, all the progress of the last five years is basically down the can!
bookbroker
20/1/2017
14:16
It's not really two big warnings, more a re-set to the scenario as outlined in the April 2016 warning. In between, last August they said strategic marketing had stabilised and was growing strongly, and some brokers upgraded towards end-2016. Inept controls/communications? But if things were going much better mid-summer they had a duty to inform the market. Looks highly volatile/low visibility; maybe foreshadowing challenges ahead generally.
edmondj
20/1/2017
13:16
This co. needs a bid at these levels, they appear cheap, what the co. requires is some rationalisation, lot of moving parts with all these acquisitions they have made, is Armitage the man, he has overseen two big warnings in the last 8 months, shareholders need to apply some pressure on the bloke, he got away with it last time, the time to act is now!
bookbroker
20/1/2017
12:59
i'm in, will settle for £1
declan2
20/1/2017
08:40
Pension deficit of no consequence whatsoever, deficit was £26.5mln at last report, will have reduced most likely and with the rise in long term rates in line with inflation will be beneficial, but this co. should sell Clays, it is non-core and the debt should be addressed, although not pressing!
bookbroker
20/1/2017
07:44
re 167 what they mention is irrelevant people have to weigh up the facts/risks and decide for themselves
spob
20/1/2017
07:43
A going concern!
bookbroker
20/1/2017
07:30
strip out intangibles then what are you left with? 2nd profit warning when everyone was expecting a recovery, just be careful is all I am saying...
qs99
20/1/2017
07:15
"The balance sheet remains sound and we have the necessary cash flow capabilities to support our investment priorities and to further reduce debt." Nope, not seen any mention whatsoever about pension defecit. My opinion = Strong Buy. I do own shares in the company.
whites123
19/1/2017
21:35
Pension deficit hardly a concern, keeps getting mentioned by posters, never heard a sausage from the company!
bookbroker
19/1/2017
21:03
2nd profit warning in 12 months is not going to endear them to the city IMO. Pension deficit, earn outs, be very careful is all I can say!
qs99
19/1/2017
21:00
Bit mistimed this morning:- St Ives PLC SIV N+1 Singer Hold 76.00 126.50 182.00 182.00 Downgrades St Ives PLC SIV Numis Buy 76.00 126.50 190.00 155.00 Retains
isis
19/1/2017
20:54
http://money.aol.co.uk/2017/01/19/why-have-st-ives-plc-shares-crashed-by-a-third-today/
isis
19/1/2017
20:19
The businesses they bought are creative staff operations, owners might have gone, but the employees are the ones with the creativity, don't think that the MD. is the only person who counts!
bookbroker
19/1/2017
18:55
Are you joking? The book business is the ONLY business holding the thing together/generating solid steady profit. Clays has £11m in the bank........and pays £5m divi's each year to the parent company.....and has done so for the past 5yrs. Clays has been raped and pillaged and starved of investment by the parent company. I was fortunate enough to have a factory tour a year back - the old buildings reeked of underinvestment....leaking roofs, un-even floors, shabby deco. Come to think of it....perhaps it would be a good idea to sell of Clays........they might get a better owner who values the business and is prepared to back the mgt in there investment decisions. As for the strategy of the rest of the group.......the Directors have overpaid for small growth companies in the hope of growing with them. This growth has not happened. The original owners who sold out have cashed in, moved on and said thank you very much......but there businesses are now a shadow of what they were - with the supercharged turbo creative business owners now out of the picture. Luckily though, the Board are happy with the present strategy.
waveneygnome
19/1/2017
18:29
Is it Harry Potter writer keeping books going...is it not a one trick pony?...
diku
19/1/2017
18:25
They should sell Clays to be honest, can't see the point of holding a print business when this is essentially a market research entity, even if books provides steady earnings!
bookbroker
19/1/2017
18:15
It does make me wonder if the reaction is a bit, well, reactive. The price was already still feeble given 17.6p adjusted EPS from last year (a drop from 20p or so the previous year), and probably rightly so given the adjustments and the ongoing problems in Market Activation. But surely, in that case, the current disappointing update was already partly in the price?
edmundshaw
19/1/2017
18:10
They have no problems with debt covenants, can still pay the dividend with a 20% drop in pre-tax, and can likely reduce debt through cash flow, probably a good price!
bookbroker
19/1/2017
18:07
I'm gob smacked frankly. The TS was disappointing but surely wasn't worth a 40% drop. I don't think I'll add yet but what I do have will definitely go in the bottom draw for now.
warranty
19/1/2017
17:30
I think 40% markdown is a bit much too, at least on what we know. But that will not stop it going lower if punters just want to exit in case things get worse. And let's face it, this is not St Ives' first disappointment.
edmundshaw
19/1/2017
16:35
What's the share price here guys? Good to see a few familiar faces (well, names, anyway) Its not my usual market but a 40% decline on a not-dreadful statement looks overdone. debt looks a bit high but earnings cover looks good enough. A cut to the dividend I think is priced-in.
boffster
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