Superglass Share Discussion Threads

[sleepy] 07/4/2020 15:23

Are they still in business?

[forester2] 07/4/2020 11:13

Hi all. Anyone got any updates on Superglass? How their production is going? Etc

[kramval] 01/10/2016 21:07

All done, the new management have done a great job

[sleepy] 09/9/2016 11:38

Anyone got their cash yet?

[sleepy] 23/7/2016 09:57

Daz - only Gyllenhammers irrevocable (c38%) is binding if there is a higher offer so probably a done deal but not a 100% certainty

[daz] 22/7/2016 21:39

Although I'm well in profit on my buys, I still feel some disappointment as I really thought this was a potential ten bagger.
With 63% of irrevocable acceptances, there's not even a chance of a counter offer.

However I shouldn't complain though with a Brexit inspired slowdown in the offing, they could have gone under and I think that's why the institutions have taken the offer

[jackbal] 22/7/2016 13:19

Wow, wasn't expecting that. Not a huge profit but will be glad to be out without a loss. Reckon there are better bets out there.

[trigger blade] 22/7/2016 12:54

I'll be out at about break even, which didn't look very likely an hour ago.....

[boycie1] 22/7/2016 12:38

it does look like it...

shame but it's better than 2.5p!

[philjeans] 22/7/2016 12:35

Yep - nice rise from down in the gutter!

I make money so can't complain but clearly far too cheap, just as they are turning the corner.

But with Gylly and the instis giving in too easy, this is a done deal.

[gerryjames] 22/7/2016 12:34

Just like that.

[boycie1] 22/7/2016 12:27

bingo!

cash offer 5.6p!

[daz] 21/6/2016 16:04

I was looking to pick up a few more but it looks like you beat me to it Phil.

Agree a lot to play for here if the turnaround continues to plan. I have a nagging doubt about their cash position though but they could possibly support a small amount of debt for a short period.

[philjeans] 21/6/2016 14:44

All going the right way here - take advantage of the panic seller; just mopped up another 200k.

Under water here still but m/c way undervalued and unloved/unknown to wider market.

Massive revaluation coming - losses stemmed; prices up; overheads down; margins up; new management - all to play for.

[daz] 21/6/2016 10:50

Well, I took a few. I suspect the seller may have sold because of the referendum, as a Brexit vote will almost certainly be bad for the house building and building supply sectors, so a bit of a gamble but if the turnaround continues, the company could be great value at current levels.

[taxislags] 21/6/2016 09:01

but who now owns them?

[meijiman] 20/6/2016 16:13

What's going on here today?

[boycie1] 29/4/2016 09:13

but the outlook is what i'm focussing on,let's see how the business progresses.Should have enough for cash for the foreseeable..

[jackbal] 29/4/2016 08:54

was hoping for more profitability and less deterioration in cash balance. Of course this is further evidence of turning the corner but the corner is wider than I hoped it would be. Wasnt expecting fireworks or dividends.

One of the problems in my opinion with this stock is just lack of volume, cant see these results making many headlines or attracting new investors. Can you ?

[boycie1] 29/4/2016 08:50

what was you looking for?
this looks like one to keep on the radar

Outlook



It is expected that the selling price increase seen in recent months will be sustained and planned volume growth realised, along with the delivery of incremental cost savings. The overall trading performance of the business continues to be broadly in line with management expectations as outlined in the recent trading update dated 10 March 2016, underpinning the Board's confidence in a return to positive EBITDAE in aggregate for the full financial year, for the first time since 2012.

[jackbal] 29/4/2016 08:09

results ok but must say Im not that thrilled. Seems to me joint brokers appointed in case they need to raise money based on current net cash position. Whilst I believe it is a sensible move on a "just in case" basis I think any rise in share price will be sold into by investors/traders not willing to play the long term out.

Could be better, could be worse seems fitting. Good luck all. Perhaps I am being slightly cynical but penny shares make me like it!

[jackbal] 11/3/2016 13:41

sorry silly question, just figured it out and of course its 2.3mil not 2.1.

[jackbal] 11/3/2016 09:59

Agreed, Tromso re the 2.1 million cash position is that 2.1 million headroom or 2.1 million net cash?