Sutton Harbour Share Discussion Threads

[simonevans] 02/7/2004 17:09

Big rise today. Looks like the bid may not have gone away. Odd that the Chairman is buying in such a situation?

[simonevans] 27/5/2004 21:03

Yes, good results today. This is a very solid co. - I've held for a few years now.

[invisage] 25/4/2004 11:44

Hey Guys,

Just thought id tell you about DART GROUP. - The smart investors' favourite budget airline -

A host of shrewd investors are backing budget airline and distribution business Dart Group with one top smaller companies team buying at the start of this month.

Dart (DTG), which operates fledgling budget airline jet2.com and also offers air distribution services using the same planes, has become a tempting destination after a slump in its share price in the second half of last year.

Heres a few reasons why its a good time to buy now...

* Results in 7 weeks (16th June)
* ISA Stock
* The first half of the year Dart's pre-tax profits rose by 31% to £7.1 million from a 16% rise in turnover
* Company is very cheap with a P/E of only just over 7 and a forward P/E of just over 6
* Offers a healthy 4.7% dividend yield
* Market Cap. 45.70 m
* Shares In Issue 34.49 m
* 3.7% spread
* Directors and Institutions hold 61% of the shares, very few in public hands.
* Loads of cash in Bank
* Jet2 operates from Leeds/Bradford and Belfast with flights to 13 destinations once a Belfast-Prague service is launched at the end of this month.
* 16% (net book value) of the total tangible assets is in freehold property with less than 1% in short term leaseholds
* Airline booking increasing this year, a Very good recovery play considering the stock is on the bottom of its range...



When Dart's fleet of aircraft is not being used to transport holidaymakers they are utilised for distribution services, ferrying cargo, fresh produce and flowers. The company is also involved in freight forwarding at Manchester, Newcastle, east Midlands and London Heathrow.

Cheers
Invisage

[energyi] 11/2/2004 08:57

Sutton Harbour Holdings have taken a leading role in the exciting regeneration of the Plymouth harbourside and surrounding areas. The award winning transformation of the old Fisheries building into the hugely popular Dartington Glass showroom and visitor attraction on the waterfront being just one example.

An exciting new waterfront development designed to breathe new life into Plymouth's harbourside has got the go-ahead. Sutton Harbour Holdings plc has concluded the delivery plan with major residential developers Westbury Homes.

Our unique Sutton Partnership with Plymouth City Council is dedicated to high quality development for the benefit of all the City.

Our expertise lies in masterplanning consultancy and we specialise in urban coastal regeneration. We are working with other local authorities in the South West as regeneration specialists.

If you would like more information please contact Tim Bacon at Sutton Harbour Holdings on 01752 204186.

[energyi] 11/2/2004 08:47

LONDON (AFX) - Sutton Harbour Holdings PLC said it met expectations in the
first half to Sept 30 2003 with pretax profit of 628,000 stg compared with
722,000 stg a year earlier.

Operating profits, excluding airline start-up costs to date, rose 6.3 pct to
806,000 stg.

The interim dividend was maintained at 1.8 pence.
Chairman Ellen Winser said the first half year has been a period of
significant achievement. "Our regeneration activities have moved ahead strongly
and we have created our airline, Air Southwest."

Key achievements in the six months have included the delivery of another
major property scheme within Sutton Harbour, confirmation of the appointment as
masterplanning partners to Penwith District Council for the urban regeneration
of Penzance waterfront and significantly, the company's selection as the
preferred bidder on a public/private partnership to develop healthcare
facilities in Plymouth.

The company is now close to finalising the second phase of the Harbour East
development.

The Air Southwest services began on October 26 and to date Winser said the
board is encouraged by the level of bookings and huge interest generated by the
'Breath of Fresh Air' marketing campaign.
The company's second route, Plymouth Bristol Manchester commences March 1
2004, and other routes are under consideration. However, Winser said the company
is well aware of the risks associated with new routes and the first priority
will be to consolidate initial services.
Plymouth City Airport had a stable first half year and improving passenger
loads from services operated by Air Wales were a welcome boost, Winser said. The
group has also undertaken the modernisation of the terminal building with a new
concourse and check-in area.
Traditional activities of the group have performed satisfactorily over the
period with results very similar to the same period last year, Winser added.
She said the group is now entering a phase of consolidating and maximising
performance of the group's activities.

[energyi] 11/2/2004 08:34

CLOSE-UP

Highest and Lowest residential mooring annual charge in London
(source: British Waterways)
..............: 1997. :. 2001. : %chg , p.a.: 2005, at same rate,
Highest....... £2,645 : £7,050 : 166.5% xx.x% £18,791 (impossible?)
Lowest........ £1,346 : £1,506 : 11.88% xx.x% £ 1,685

................1997 actual 2001 actual 2002–03 planned
Residential.... ..£1,797... ..£2,715... ..£3,285...
Non residential ..£1,919... ..£2,797... ..£2,943...

Prices shown are for a 21 metre vessel inclusive of VAT.

This includes data relating to new sites established since 1997. Rates for these sites have been set at relative market rates and have resulted in an increase in average mooring rates. The percentage change since 1997 is 47.7 per cent. The mooring rates for 2002–03 will result in a percentage change of 8 per cent. Historic data for private operators is not available


COMPARE... Sutton Harbour:
Berthing Charges
Annual:
1st April 2003 – 31st March 2004 : £245.00 per metre
Note: £245 x 20 meters= £4,900

MOORING Prices, outside London:
TO BUY
Coltishall £19,950: 32ft in length. Parking close by.
Coltishall £27,500: 41 ft, large grassed plot
For Sale - For Sale - Quietly situated riverside quay headed mooring plot with frontage to the River Bure of approximately 41 ft, large grassed plot. Car parking close by.

[energyi] 11/2/2004 08:28

What's a MOORING worth?

MOORINGS PRICES... Rising fast:

To ask the Secretary of State for Environment, Food and Rural Affairs what the (a) highest and (b) lowest residential mooring annual charge in London was in (i) 1996–97 and (ii) 2001–02. [70144]

Mr. Meacher: British Waterways have provided the following information for these charges: 1997 : 2001
Highest....... £2,645 £7,050
Lowest........ £1,346 £1,506

Prices shown are for a 21 metre vessel inclusive of VAT. Historic data for private operators is not available.

= = =
Ms Buck: To ask the Secretary of State for Environment, Food and Rural Affairs what the average increase in mooring rates charged by British Waterways was for each region in England in each year since 1997. [70148]

Mr. Meacher: British Waterways have provided the following information. Average percentage increases by region in 2002, were:

North West. 7.6 per cent.
North East. 2.7 per cent.
Midlands... 4.6 per cent.

19 Sept 2002 : Column 259W

Southern... 10.4 per cent.
London...... 8.0 per cent.

The information is not readily available in this form for earlier years.
@:

[energyi] 10/2/2004 00:10

MktCap: 12.15 x 200P= ?4.3Mn
(If Sutton ticks over that old high at 220p on light volume,
it may be "done". Be careful now)
DAILY

WEEKLY


= = = = =
LINKS
Website...... :

The company floated on the AIM market of the London Stock Exchange in 1996. A year earlier the regeneration of historic Sutton Harbour had been made possible by the construction of lock gates, transforming the previously tidal harbour. A new commercial Fishery was constructed and the old market building became an award winning retail centre for Dartington Glass situated alongside Plymouth's famous Barbican district.



The magnificent Sutton Harbour Marina has become one of the finest on the South West coast.

Meanwhile extensive redevelopment of the harbour side has seen luxury apartments,the National Marine Aquarium and a host of other businesses from hotels and restaurants to a boatyard taking up residence in the revitalised area.

In 2000 the company acquired Plymouth City Airport as well as signing a unique local development partnership agreement with Plymouth City Council.

All these activities provide a broad base of income for Sutton Harbour Holdings which includes property development and rental income, mooring and landing fees, as well as ground rents and sales of fuel and essential supplies to commercial fishermen, yachtsmen and aircraft operators.

[energyi] 10/2/2004 00:09

interesting...
esp. the marinas

May start a new thread...

[mitchy] 27/11/2003 07:15

Was on the verge of selling these but not after todays results. I can't see anything wrong with this set of results.I guess the market expected a drop in divi due to start-up costs which would account for the drop from 180 recently.But I can only see a price rise from here.Excellent work SUH..well done

[mitchy] 20/11/2003 07:50

so THIS is why all the directors were buying in July....!!

RNS Number:2737S
Sutton Harbour Holdings PLC
20 November 2003


Sutton Harbour Holdings plc is pleased to announce that it has been selected,
with Midas Group Limited, as preferred bidder to the Plymouth Local Improvement
Finance Trust (LIFT) and is now working towards financial close stage, expected
in Spring 2004.

This is a 25 year public private partnership with Plymouth Primary Care Trust,
Partnerships for Health and others to build, lease and maintain local health
facilities to the NHS in Plymouth.

The company's financial commitment will be of the order of #2 million over the
life of the trust on which a return of 12.5% can be expected plus a share of the
trust's profits. The total build costs of the health facilities are likely to
be in the order of #55 million.

The significance of the successful bid is that it further enhances our
partnering in regeneration credentials with the public sector in the South West.

Contacts:

Sutton Harbour 01752 204 186
Nigel Godefroy

Rowan Dartington & Co. Limited 0117 933 0011
Barrie Newton

Binns Winningtons 0117 317 9477
Ken Rees



This information is provided by RNS
The company news service from the London Stock Exchange
END

AGRNKCKKOBDDQDD

[ashtongray] 27/8/2003 23:07

Part of the problem with Plymouth airport is political imo. All the above comments re the runway limitations are correct, so it will never be able to operate jets, only Dash8 & equivalent planes. but closing it altogether would leave the largest urban centre in the SW without (a) air links to London or anywhere else, (b) no motorway link to the rest of the country. How do you have a credible regional economic development policy under those circumstances?
"Please come to Plymouth with your new factory/industry, by the way, there are no air or motorway links, and the train service is cr*p" Hmmm...

[bam bam] 27/8/2003 22:56

Toadrage, you are correct on the size of the airport restricting growth. Make a nice new housing estate though!!

In the recent airports review carried out throughout the country (sorry, can't remember the company), it was concluded that the best way to expand aviation in the south west was to close Plymouth and Newquay and concentrate on Exeter. Even so, passenger numbers would be small for all options.

Exeter airport has recently been put up for sale by its owners, Exeter City Council, as they realize they do not have the available capital to expand the airport and its services.

[toadrage] 27/8/2003 14:07

Isn't part of the problem with Plymouth Airport that the runway isn't that long, restricting the size of aircraft that can use it? And that the airport is constrained by nearby housing, so the runway can't be lengthened?

I think the owners must recognise this, because they recently floated the idea of closing both Plymouth and Exeter airports, selling them off, and building a new airport to replace them with the proceeds. Funnily enough, Exeter (which is able to expand) told Sutton Harbour to get lost.....

Airport with limited opportunities, overshadowed by rival with more potential. Treat with caution IMO.

[tiredoldbroker] 27/8/2003 13:34

Didn't the company say in its last set of figures that the investment would be £1.25m ? Seems to me they were damned if they didn't, as the airport could have closed down without the London service, leaving them with coughing up on a 125 year lease.

[bam bam] 27/8/2003 13:27

I heard that the slots at Gatwick airport cost over £500,000 Combine this with the lease costs of the aircraft and other start up costs involved with an airline, it could seriously eat into Sutton's cash pile!!

[mitchy] 31/7/2003 14:58

divi to come on the 27th August as well..

[mitchy] 31/7/2003 08:13

all the directors buying...!! (re:'share guide' ADVFN)

[jawsjaws] 23/7/2003 19:12

i do have a holding in sutton one to lock away also there might be a chance that rotork will bid for the comany as they already own 29.75%

[mercenary] 17/6/2003 00:19

Do you have a holding??, and what about the loss of some BA flights and the other airport contract!!!!!!!!