We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Superglass | SPGH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.50 | 5.50 |
| Top Posts |
|---|
Posted at 12/2/2016 15:17 by philjeans Picked up another 100k today - still very undervalued at just £1M!Net assets come out at £14M after all those RECENT write downs. Two price rises in 12 months; lower fuel costs; new management; new products; no more sales at a loss after pruning the low margin stuff; massive over-head reductions etc etc. Trading update in next week will put a rocket under SPGH - MASSIVE BUSINESS POTENTIAL BUT PRICED TO GO BUST! |
Posted at 05/1/2016 11:25 by jackbal Wow MM's must be well and truly stocked up now. Over a million off the cap based on 3k's worth of stock sold. I bet it won't have same effect if 3ks worth of stock purchased. Been reading today about gov't pledging an extra 1.2 billion funding for new homes, could be an indirect positive. May be too little too late but certainly better than nothing for companies like SPGH |
Posted at 24/12/2015 10:40 by tromso1 Miton Group adding again. Up to 19.5% now. |
Posted at 17/12/2015 14:53 by tromso1 Miton Group has been adding.A nice flat base and serious chart upside if it can break above this. |
Posted at 25/11/2015 16:03 by miavoce Government investing billions in housebuilding...SPGH refocused on construction products and have reduced their costs significantly....cou |
Posted at 07/8/2015 07:23 by whites123 Low margin sales cut.Enough cash trading headroom. New products. Read between the headline text and SPGH is a company that has a plan and can see the benefits at the end of the tunnel. As I alluded to, Its likening itself to the phoenix. :-) Superglass Holdings plc ("Superglass" or the "Company") Trading Update Following the recent Board changes and the appointment of a Ken Munro as Chief Executive Officer, the Group provides the following progress update. The ongoing turnaround plan remains broadly on track, with the delivery of planned cost savings and the continued repositioning of the business towards growing construction markets and more value added products is beginning to yield the positive margin improvements targeted. As planned, throughout June and July 2015, the Company has undertaken a major capital investment project and has implemented the managed capacity reduction strategy announced last September, which going forward will deliver the planned operational cost savings and increase the focus on revenue quality. During the course of this complex capital project, the Company has taken the opportunity to make further improvements to the operational infrastructure and as a consequence production volumes have been lower than anticipated and a number of other capital projects, some of which have associated cost savings, have necessarily been deferred into the next financial year. The Company has continued to reposition its revenue with strategic partners that require a richer mix of value added products and the planned improvement in net selling prices following the March price increase has been realised. However, the volume impact of adopting a more disciplined pricing policy which has seen the Company withdraw from lower margin export markets as well as some low value activity in the domestic market, has meant that sales volumes in the second half of the year will now be in line with the first half. In keeping with the strategy of adding value to its customers the Company has increased the focus on new product development. The Company has launched a number of new products in recent months, the most significant development being the achievement in May 2015 of British Board of Agrément certification for "Superwhite 34", a cavity wall insulation solution for new build housing. This product opens up a new segment of the market to the Company which will benefit the 2016 financial year. On 23 July 2015, the UK Government announced it was to cease funding The Green Deal Financing Company, thereby effectively winding down the Green Deal scheme and that the Department for Energy and Climate Change will "work with the building industry and consumer groups to make new policy and build a system that works". This policy change will have a negligible impact on the Company in the short term and depending upon the nature of any replacement scheme, may represent an opportunity over the longer term although none of this is reflected in the Company's projections at this time. As previously announced, following changes to the supply of glass cullet, which is the Company's key raw material, some issues have been experienced with the material's consistency. In recent months, the Company has made substantial progress with its cullet supplier to stabilise the supply, however the inconsistency of supply has adversely impacted manufacturing cost in the period. The Company continues to work closely with its waste glass supplier to implement a long term solution to provide a reliable supply of cullet of the desired quality specification and is confident that this will be achieved. The combined impact of all of the factors above is expected to delay the Company's anticipated return to a positive aggregate earnings before interest, tax, depreciation, amortisation and exceptional items which was previously expected in the second half of this financial year. However, the progress made in the second half will demonstrate the substantial improvement in the Company's financial performance over both the first half of the year and the equivalent period last year. The Board is increasingly optimistic that the combination of growing construction markets, the introduction of new higher value products, production efficiencies and tighter overall capacity supports a more positive outlook for price and margin improvement over the coming year. Following the equity funding received last year the Board continues to impose a strong focus on cash management and can confirm that the Company continues to trade with adequate cash headroom. Board On 18 May 2015 the Board announced John Colley's decision to step down as Chairman on 19 June 2015 and the process to find a replacement is expected to be completed in the next few weeks. |
Posted at 23/6/2015 12:30 by whites123 Its no easy task to resurrect this, but having spent many an hour chewing it over with them (Without price sensitive info being divulged) and SPGH products being used (Loosely) in the sector I work in I know that the orders have been increasing.The uncertainty of who was going to be in government has been removed and I am more than happy to state that I get the feeling that things are progressing relatively well. Short term there could be further downward pressure, but the recent funding took place at 5p. In lots of cases this would have underpinned the share price In this instance its fallen right through it. That is what sentiment does. For now I see it as a speculative buy with cash to underpin the stock to the tune of 3p Not for widows and orphans, but certainly one for the speculator who is not adverse to a bit of risk. |
Posted at 09/9/2014 08:27 by masurenguy In my view it is still too early to consider any possible investment here as a recovery play, despite the recent confidence shown by David Crawford at City Financial. They recently increased their stake, from 1.96m to 2.7m at the end of last month, in buying a further 725,000 shares @20p.Clear indication that a further dilutive placing is on the cards in todays trading update (see below). Better to wait for the placing to be implemented before revisiting any potential investment case ! "a proposal to underwrite a discounted equity issue of not less than GBP5m was received. This proposal has the support, in principle, of certain significant shareholders and, it is envisaged, would allow for some element of participation by existing shareholders. Although by its nature highly dilutive for the current equity, in the Board's opinion, the implementation of this proposal would enable the latest cost saving plan to be implemented and address any foreseeable funding requirement of the Group and is therefore under active consideration. Whilst there are increasing signs of recovery and growth in construction markets, the poor uptake of Government energy efficiency schemes is expected to persist through the coming financial year and beyond. As a result, it is the Board's view that the scale and pace of revenue and earnings growth is now expected to be more modest than previously anticipated. Against this backdrop the Board believes that it is right to continue to maximise operational efficiency, reduce costs and take steps towards securing the additional capital required to support its competitive position." |
Posted at 01/5/2013 09:47 by kinbasket Knigel, I think you are confusing an open offer with a placing. HHR had a combination of both. Placing for accredited investors and open offer for plebs. And they issued a full prospectusThe full prospectus rules apply if you are offering shares to members of the public. A company the size of SPGH can't go down the route of a full offering, there isn't time nor money. |
Posted at 19/4/2013 09:30 by snatander SPGH interesting buysIrish bid talks? |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
