Straight Plc Share Discussion Threads

[jmf69] 17/4/2014 07:30

Results look good to me. Just need an update re takeover

[yorkie investor] 10/4/2014 12:05

everythings for sale at the right price!! althoug JS does like the limelight so might depend if there is still a role for him ?

[gelp] 10/4/2014 11:36

J S is relatively young and sitting on an incredible business in exactly the right space to become more attractive and profitable. From 30 - 50 million sales and 10% net are not unreasonable future prospects. And return to dividends. And return to buying other fragmented operations as well.
SP has languished .
Unless share price increases will remain attractive target to others as well..

I can't see him and other shareholders relinquishing either equity or control lightly!

David and Goliath:

[yorkie investor] 10/4/2014 10:51

the suspense is unbearable !!!

[jmf69] 10/4/2014 10:35

A bit weird to announce results on a Thursday before an easter Friday?

[jmf69] 10/4/2014 10:00

Haggling over the price?

[this_is_me] 10/4/2014 09:02

It sounds like we are near decision time.

[paleje] 10/4/2014 09:01

Good point JMF, post 1110, that would some revenue increase for a £6m m/cap company and consequent improved margins. Seems JS is doing all the right things to increase value whichever way it goes.

[jmf69] 09/4/2014 17:05

Results delayed by another week and offer deadline extended by 2 more.

[jmf69] 09/4/2014 09:16

The last business desk article mentions increasing exports to 20% of sales or 10m gbp... This would therefore imply an annual revenue of 50m... Looking forward to tomorrow

[gelp] 06/4/2014 08:37

Jeansey2 and JMF69

Lot of amount of effort and expense by both corporate teams. Should not delay or drop off easily.
Somehow STT has to give sufficient information to competitor without divulging trade know how.
Hard to believe that there was not some indicative formula or offer or price requirement at least in order to start the ball rolling.
Agree that this circa £30 million a year company, back to profit and perhaps reinstatement of dividend could return to a market cap of earlier times - like 100 p +. STT was unfairly penalized on share price following bold but earth changing moves.
I guess they could extend the deadline but whats the point? Once results are announced and business already through part of next period then one would expect some deal or no deal question to emerge quite soon.
Remarkably quiet on the trading front though may be any loose stock is being quickly mopped up.
what could a deal comprise? Cash/Shares or a Mix. One 51 has a lot of tools at disposal. Though Irish based, Rotheram to Leeds is not very far and both appear to have factories in the region.
Good luck to JS and all holders - and by the way now the rain has stopped we may have a drought - and watch demand for them water butts rocket with the price!
imo, dyor,

[jmf69] 05/4/2014 21:08

Hopefully it should all become clearer this week with the progress of the company and the takeover. I'm not an expert but I believe there is nothing stopping them extending the deadline again?

[jeanesy2] 05/4/2014 20:42

Price moved up this week. Time is nearly up , me thinks no bid but good results so price should move north imo.

[jmf69] 18/3/2014 12:34

Results delayed until April 10th which happens to be the day before the extended deadline for the takeover offer expires.

[jmf69] 15/3/2014 21:18

Results will be out on March 31st. Maybe that will decide the price?

[knigel] 15/3/2014 18:06

More likely but not a cert. Similar happen with 600 Group ie. several extensions - the question is, what's a fair price here?

[jeanesy2] 15/3/2014 17:14

So the verdict is that a bid is more likely than not ?

[jmf69] 15/3/2014 13:39

The question is at what price? I believe one51 also completed a capital reduction in March.

[gelp] 15/3/2014 09:11

Not unusual in serious matters.
One 51 is very transparent: fabulous entity with history: extract only - off latest news report: Note the disposal for E9 million net proceeds of NON CORE operation + E75 Million facility. STT is perfect CORE acquisition. One 51 plc look Ready Willing and Able - what more could one want from a suitor! Bit of research reveals lots of information. By the way a few tax losses are very attractive as well! Not easy to extract cash from banks - must show very good reason! Looks like a duck, sounds like a duck - may just be a duck! IMO. DYOR.

"Bank Facilities Refinanced

One 51 has recently agreed new bank facilities with Bank of Ireland, Allied Irish Banks and Ulster Bank Ireland.

This is a new €75 million bank facility for a 4 year term to January 2018. The facility may be extended for a
further year with the agreement of both One 51 and the three participating banks.

This new bank financing arrangement is a result of the successful restructuring, performance improvement and
portfolio rationalization measures implemented by the Group over the past two years. The terms of the new bank
facility are competitive in the current banking environment and will result in significant savings in interest costs to
the Group. The new facility also provides the Group with a secure base for the Group's financing needs over the
coming years. This is a very positive development for the Group and we are pleased to retain the support of our
core banking group who have been lenders to One 51 since 2006.

Augean

Subsequent to the year end, One 51 disposed of its non-core shareholding in Augean plc for net disposal
proceeds of c. €9.0 million"

[jmf69] 14/3/2014 07:07

Deadline extended

[jmf69] 10/3/2014 09:44

Should have a decision this week but imo one51 will not make an offer... just a gut feeling although it would be a great move for them to buy the market leader in the UK. I could be wrong and usually am. Gla

[paleje] 05/3/2014 15:54

I was thinking the low share price was trailing too far behind the improving situation of the company. I thought current year, ~5p EPS in sight a multiple of say 12 would make 60p, so I was hoping for a premium a bit higher. Probably wishful thinking on my part:)

We'll know soon enough.

[this_is_me] 05/3/2014 13:48

You would think that they would have expected not to have to pay more than 60p given the low share price and less than impressive recent profitability. However, in my view, profitability is likely to improve considerably and revenue is on an upward trajectory so I would expect the share price to be above £1 in a few years otherwise I wouldn't have shelled out 40p in the first place. It all depends on whether JS wants to go at it hammer and tongs for a few years to achieve that or whether he will decide to retire and have a quiet life by taking the cash now.