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SPGH Superglass

5.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Superglass LSE:SPGH London Ordinary Share GB00B7VSCQ18 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 5.50 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 5.50 GBX

Superglass (SPGH) Latest News

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

Superglass (SPGH) Discussions and Chat

Superglass Forums and Chat

Date Time Title Posts
07/4/202015:23Superglass thread1,148

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Superglass (SPGH) Most Recent Trades

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Superglass (SPGH) Top Chat Posts

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Posted at 29/4/2016 08:50 by boycie1
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.
Posted at 29/4/2016 08:09 by jackbal
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!
Posted at 10/3/2016 10:43 by jackbal
Think they need better PR. Says in the update several new contract wins. Would be nice if contracts were announced by RNS. I do realise that its just window dressing and doesn't change the fundamentals but volume is so low that I feel a bit more attention is needed. I will certainly be sticking around but volume and price action disappointing.
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 18/1/2016 13:42 by jackbal
That did make me smile ! par for the course with the utility firms from my experience.

Perversely I am hoping price will dip a bit further so I can add a few before run up to results. Wouldn't make much difference to my avg price at the mo so feels pointless doing anything at this price with this spread.
Posted at 05/1/2016 12:28 by cyberbub
Yes I was about to post exactly the same, I can buy 600k shares in one go, so I suspect that CF are offloading their last 2M shares. No matter, it will just take a positive trading update or the next half year results to show continued progress, and I think we will see more buying. If it is the 2M shares then that's "only" £100K or so. It's actually often a good time to buy shares, when there is an overhang and you can do a 'fill or kill' for a large amount and you can get a good price... as long as you're sure it is going to go up in the medium term LOL NAI
Posted at 18/12/2015 09:40 by cyberbub
I have finally come on board with a small stake here. Am not quite sure about the figures, but they seem to have put the worst behind them, and the big push on construction (and price rises planned for next year) seems likely to help. I am encouraged that Gyllenhammer have so many shares, and that I have essentially bought in at the same price as them... They will not be looking to make a loss on their investment :-) They have so many shares in such an illiquid company that really I expect their only viable exit plan will be to encourage a sale to a bigger fish when the company returns to consistent profitability... maybe in 2017 or early 2018? What price - maybe 20p?Just wish I had had the bottle to buy at 3p when I was looking at it... LOLGLA NAI
Posted at 17/12/2015 15:09 by tromso1
Looks to be a good potential recovery prospect.

From the finals: "As a result, the Group is in a stronger position to make real progress in the months ahead than has been the case for many years."

The share price has been hammered in the past few years, but further signs of recovery and it could start trending up again.

Director buying and Miton adding show that some have faith in the turnaround.
Posted at 01/7/2015 07:50 by whites123
Probably (IMO) just a little cynical :-)

I wondered also regards a possible sell down of their whole holding, but consider that Hamilton has stated he would buy more if he could then I think there would be a transaction between the 2 parties rather than a market sell off.

The stock has been walked down and the price quoted for sells can be improved upon electronically.

Hamilton has acquired 6.35 million shares in the AIM-listed company which, based on Monday's closing price of 3.62p per share, amounts to an investment of around £229,870.





Hamilton managing director Andrew Lapping, who founded firm with Mr Boyle in 1999, believes it is the ideal time to invest in Superglass, noting that the share price "does not reflect the enormous amount of effort" which has made to transform its "ancient plant" into a world-class facility.

He said: "I just see value in it, basically, [it has] a very strong operational team with a very loyal workforce. For me, I think my timing on this is pretty good. The share price was 50p-plus a few months ago, and it's now down at 3p or 4p. And if anything the company is in a better position than it was 12 months ago, it's got to be.

"With the economy picking up, [and the] housing [and] commercial property sectors picking up, it just looks fundamentally cheap to me. I'd probably buy more shares if I could get my hands on them."
Posted at 23/6/2015 10:13 by whites123
Have spoken to BOD members a few times during the past couple of months and am "heartened" (Cautiously optimistic)

They have a good cash buffer still and the plans put into place to refocus and save are proceeding as expected.

I had (And still have) a holding which cost me circa £50k which currently is worth some meagre £4,000..
Quite a loss.. but a quick look around and there are others who are seeing potential value.

The industry sector is picking up and I am even hopeful they will be able to do a STY style turnaround of share price in rather quick time.


Boyle investment firm takes Superglass stake

THE Hamilton Portfolio, the private equity and investment firm co-founded by Scottish entrepreneur John Boyle, has taken a 4.15 per cent stake in Superglass Holdings, the insulation manufacturer.

The move is a vote of confidence in Stirling-based Superglass, which parted company with chief executive Alex McLeod in March and has run up heavy losses in recent years.

Hamilton has acquired 6.35 million shares in the AIM-listed company which, based on Monday's closing price of 3.62p per share, amounts to an investment of around £229,870.

Hamilton managing director Andrew Lapping, who founded firm with Mr Boyle in 1999, believes it is the ideal time to invest in Superglass, noting that the share price "does not reflect the enormous amount of effort" which has made to transform its "ancient plant" into a world-class facility.

He said: "I just see value in it, basically, [it has] a very strong operational team with a very loyal workforce. For me, I think my timing on this is pretty good. The share price was 50p-plus a few months ago, and it's now down at 3p or 4p. And if anything the company is in a better position than it was 12 months ago, it's got to be.

"With the economy picking up, [and the] housing [and] commercial property sectors picking up, it just looks fundamentally cheap to me. I'd probably buy more shares if I could get my hands on them."

Mr Lapping added: "I would describe it as a calculated punt because I see the company doing well as the market continues to improve."

Shares in Superglass closed up 0.12p at 3.75p.
Superglass share price data is direct from the London Stock Exchange

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