ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

STT Straight

77.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Straight LSE:STT London Ordinary Share GB0033695486 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 77.00 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 77.00 GBX

Straight Plc (STT) Latest News

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

Straight Plc (STT) Discussions and Chat

Straight Plc Forums and Chat

Date Time Title Posts
16/11/201613:43STRAIGHT PLC - GOING STRAIGHT UP1,194
07/12/200822:02Short Term Trader2
15/4/200416:44info please7
01/4/200315:52Startit.com - these jokers piss Ј2m up the wall43

Add a New Thread

Straight Plc (STT) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Straight Plc (STT) Top Chat Posts

Top Posts
Posted at 31/7/2014 06:18 by gelp
actually i dont think the shares will be on aim. one plc announce is below seem to trade at 1 euro.:It is a bit ambiguous looking at one51plc on google. They seem to be private but with a share valuation (Irish - may be different system!)
"
9th Jul 2014
One51 is pleased to update that the Competition and Markets Authority has cleared the anticipated acquisition of Straight plc (AIM:STT), the environmental products and services group, by One51 Plastics Holdings Limited.

It is now expected that the transaction will progress according to the revised timetable announced on 30 June 2014 with the cancellation of admission of Straight Shares to trading on AIM due to take place on 12 August 2014."
Posted at 29/7/2014 20:53 by gelp
I was big fan and managed to clear a nice profit by averaging down big time. That was luck not skill!!!

JS done a great deal in the circumstances and being mortal would have been hard pressed to refuse the certainty of the cash offer.

I think good deal from both sides - and well executed by bidder.
Thank you JS for being open and 'Straight' throughout time on the market.
Shareholders and bankers did not have his nerve when he expanded and frankly let him down in letting price drift down. Had the price held up he would have done more deals I am sure- but that is a symptom of the times.

Coral has featured on these pages quite a lot - does any one have a view as to whether that is the next one to move in a similar manner? - or any other undervalued stock for to reinvest some of the gains from STT?

Good luck all followers any way!
Posted at 06/5/2014 08:15 by jmf69
Surprised the share price has not moved to the offer price?
Posted at 25/4/2014 09:20 by gelp
Yes Should be well above NAV. 100 - any more

The longer the delay the more chance of other player (s) to enter/auction. But no sign seller wants to sell!
The article in The Irish Examiner 23rgd April by Geoff Percival indicates EXPECTATION of a deal from One 51 base. From last paragraph 'since start of year One 51 plc has agreed E75 million bank facility. The t/o of STT will make O 51 the clear leader in recycling bin sector in GB'
You bet! (and more)
STT results statement with benefit of 3 months trading indicates continued optimism going forward in any event.
As a small cap STT is presently below radar of big investment funds. 100 million sales is often the bar.
That may account for small trades.
Possible a case of heads we win and tails we win anyway?
Posted at 25/4/2014 07:58 by jeanesy2
It does sound very much like that one51 are going to make a bid . It all depends at what price and whether it will be acceptable. I am surprised that the price has not moved up in anticipation though. Perhaps they are not going to bid much more than the current price ? Perhaps there will be more reaction to todays RNS as it does seem a bid is going to be made , unless i am reading more into it than i should?
Posted at 06/4/2014 08:37 by gelp
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,
Posted at 05/3/2014 13:48 by this_is_me
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.
Posted at 05/3/2014 10:59 by paleje
The odd thing is there doesn't seem to be anything leaking, not since before the RNS anyway. Usually there's movement in the price as deadlines approach, someone always knows something and it normally passes around. Obviously insiders shouldn't trade but it doesn't stop fringe parties, with enough distance between them and insiders, from dabbling. Yet we're static.

Doesn't bode well imo and if nothing materialises the share price will probably slide a bit even though we should be nearer 60p without the possible bid news.
Posted at 16/2/2014 19:13 by gelp
Yes JMF69: Share price was moving up on back of obvious improvements in prospects before this, and specially since last year refinance.
Sales returning towards 30 million and profits as well in wonderful Market Space uk and overseas.
Languishing share price clearly attracts opportunism.
Looking at One 51 PLC and the very long history is not rocket science to see massive Short, Medium and Long term benefits in merging STT.
Others may wake up as well now.

JS has over very many years been a buyer than a seller and will be interesting now tables turned with approach from a very much bigger concern.

At 100p would be only be valued at £15 million, just half of sales, and many of us remember those pre collapse days with share price above this on lower sales and less prospects . share price punished short term on courageous acquisition deals due to lack of bank co operation - and having used vendor finance very sensibly and restored bank confidence the share price is back on the up.

THis would be a Smart move by One 51 plc - at double the price!
(Note they pulled in 9 million euros from selling a none core subsiduary recently and just announced 75 million 4 year euro bank credit line).
Off Google.

STT Shares tightly held . Good luck to JS the team and all shareholders.
PS Offer will need to carry is it 80% of shareholders?

You may guess I am long term fan - but all good things come to end one day - but not just yet!!!!
Posted at 29/6/2013 11:13 by gelp
"with trading in the current year much improved and the Group having returned to profitability."

James Newman, Chairman of Straight plc, commented:

"The Group has maintained its market leading position and is now well placed to deliver a much improved financial performance in 2013 and beyond.""

Glass is still more than half full than half empty. Announcement has been putout at the end of another 6 months trading, so the assumption must be that the comment
"with trading in the current year much improved and the Group having returned to profitability" is very soundly based. reading between the lines, the foundation and spread of the £28 million business is pretty solid and the write off of good will is part of the price one pays to grow and consolidate.
I share SG 31 views, but I do hope that more strategic acquisitions are on the bubble!
ideally with a higher share price and for equity. Debt is built up because they have not diluted at low share price. Screw together a couple of good results and suggest dividend return, and picture will change. Options remain to convert, but not at ridiculously low share price.
Conversely at this price Group is attractive to other consolidators. JS is buyer than seller, and I detect no fall off in enthusiasm for growth and profits, and dividends.
Lot of detail in accounts, but the is established operation and pretty bankable asset, in normal commercial terms today, 2013!
Straight Plc share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock