Stylo Share Discussion Threads

[niggle] 06/8/2001 09:34

38% up now, still a away off tripling.

[niggle] 06/8/2001 09:30

JRB, could you post a link to the article please or expand on its content. I can't find it by searching the web page!

Regards

Niggle OBTW up 3p now!

[niggle] 06/8/2001 09:25

Did the trick then, up 6.8 %

[jrb] 05/8/2001 18:26

Tipped in the Sunday Times today.

[usedbook] 01/8/2001 13:03

Up 2 on little volume.
But keep on buying your techs etc!!

[usedbook] 01/8/2001 12:42

Perhaps it is just a passive type investment,with the property backing giving some additional cushion in case markets turn really ugly.Lets face it -Stylo is rated pretty cheaply by the market.
I wouldnt rule out the Ziffs being a touch more amenable to disposal suggestions either-after all it was they who comissioned PWC to conduct a review in order to generate value for all holders.
Again Guinness Peat have a reputation as activist holders: one only has to think of Time Products and their tender offer at 1.60 which was effectively the catalyst for the group MBO.

[niggle] 01/8/2001 11:08

24% up so far

[jrb] 31/7/2001 22:39

They don't have to do anything, ChrisG. On the other hand, the fact that GPG and Jack Petchey have bought large quantities must encourage holders to think that they see some hope of action. Neither of them is known as a philanthropic supporter of struggling companies.

Shoe retailing has been an uphill struggle in recent years, and not just for Stylo. If you were a Ziff, and had a huge holding in an underperforming chain of shoe shops, would you not be tempted to agree to a break-up which would at least treble your money overnight and allow you to put it into something which would keep you in more comfort and with less effort?

[usedbook] 31/7/2001 16:29

Fresh from its big success in Time Products, Guiness Peat has now acquired another big line of 1.7 million shares in Stylo.This now brings its holding to 10.73%.
It looks inevitable that some sort of corporate activity might be in the offing.
One to watch.

[jrb] 29/7/2001 23:05

Could take some time, ddatt7: these situations usually take a few months, at least, to resolve. I bought Time Products in August last year, and the story is not quite over yet (bid at 190p plus 5.5p dividend still not quite finalised). A bit luckier with Bentalls, though (bought at 101.5p on 1 June, bid at 173p 28 June).

Things do seem to be livening up at Stylo. There was an interesting cross trade of 1.7m shares on Friday (should find out tomorrow who bought and who sold).

[ddatt7] 22/7/2001 23:49

Will we see any move northwards this week or do we have to wait till next year?

[jrb] 19/7/2001 23:41

Are you just talking to yourself, Niggle, or can I join in? The chart certainly suggests something is up. Well spotted. I see you have held these for some time and bought more at 20p recently. I don't know what your average price is, but you have done well on your last buy.

I see that the quoted shares, of which there are 59.6m, are called 'limited voting shares'. There are also 2.16m 'management shares', mostly held by members of the Ziff family, and I assume that these are the shares that have full voting rights and effectively control the company. Do you happen to know exactly what the voting rights of each class of shares are? If the management shares control the company, they will be worth much more than the others, so even if the Ziffs are now ready to sell (or to make a bid) they will get the lion's share of the spoils.

The situation at Time Products was rather different. There was only one class of share, and the chairman Marcus Margulies and family only held about 19%. Once Guinness Peat and the others had more shares than he did, he was effectively forced to bid for the company. The bid at 190p was at about stated net asset value, but it was generally supposed that the assets were worth much more than that, particularly the stake in Audemars Piguet, the Swiss luxury watch maker. (He had to include an offer to pay shareholders half of any excess over book value, if this stake was sold within 5 years.) So even in this case, which was of course good news for recent holders like myself, the incumbent management was able to buy the company at a relatively low price.

[ddatt7] 16/7/2001 22:42

Going North or south this week? What do you think.

[usedbook] 16/7/2001 17:57

Closed 31-35.

[usedbook] 16/7/2001 16:24

Up 14% on litte volume...but stick with your losing tech plays,not a bit of feedback.

[niggle] 16/7/2001 10:55

up 13.8% with some big trades now going thru'

[niggle] 16/7/2001 10:54

Volume on the up, have to consider them as buys, although the big ones are bang in the middle of the spread.

[niggle] 16/7/2001 09:16

mmmmmmmmm ?

[ddatt7] 16/7/2001 08:59

seems to be quiet again, Triple bagger lets see.

[niggle] 15/7/2001 22:23

I assume because the news only came out today, Stylo is not a very heavily traded share at any time. One would assume insider dealing if it were any other way.



n

[ddatt7] 15/7/2001 22:18

But why no real volume lately?

[niggle] 15/7/2001 22:17

It depends what Petcheys plans are and whether he has the backing of the other shareholders. My feeling is that IF this is true the shares will automatically be rerated up to their asset value hence the triple bagger heading. They will have to pay the take out price which I think is over £65 million. If it is confirmed the shared will fly tomorrow.

n

[ddatt7] 15/7/2001 22:14

what is the time frame for this do you think?