Sweett Grp Share Discussion Threads

[ed 123] 23/4/2015 10:23

vino

...approximately GBP1.6m within exceptional administrative expenses.

As the rns states, the provision is for administrative expenses.

The SFO hasn't concluded its work yet, so atm it's not possible to assess any fines or damages, which may ultimately become payable.

[diku] 23/4/2015 09:34

35p anybody?...

[norbert colon] 23/4/2015 09:32

...and Westhouse have just reiterated their 50p target and buy rating.

[vino] 23/4/2015 09:28

the SFO investigation is still ongoing

Ed- I think that it also covers a part provision for the impending fine as £1.6m for an internal investigation sounds to me to be excessive

[norbert colon] 23/4/2015 09:24

I see that the APAC business had revenues of circa GBP 28m last year and has a NAV of around GBP14m based on the 2014 balance sheet when taking into account the GBP3m write down noted in the RNS. So the APAC business ALONE is worth not far short of the current mcap.

Yes, the SFO investigation is ongoing and information is sketchy but the CEO's words in the update that the challenges are 'surmountable' are very encouraging.

I have added to my holding this morning and have a valuation of GBP 36-42m on the Group once the APAC business is sold giving an upside of potentially 2-300% from here.

Well done to 'andysand' who has already doubled his investment since March.

Good luck to all.

[ed 123] 23/4/2015 08:51

The £1.6M is the cost of the investigation commissioned by CSG.

[floatupstream] 23/4/2015 08:30

Trading update not bad, considering. Reading between the lines of this comment - are they admitting culpability and setting aside money for the fine: "final results for the year ended 31 March 2015 will include a material charge relating to this matter [SFO] of approximately £1.6m" ??

[diku] 22/4/2015 22:29

All those buys and no posts here...

[diku] 16/4/2015 22:42

MMC is probably another consolidation candidate...

[norbert colon] 16/4/2015 17:17

More sector consolidation with Hill buying IMS. No financial details provided but I would estimate IMS having around GBP 10m turnover so perhaps a GBP 7-10m deal?

hxxp://globenewswire.com/news-release/2015/04/15/724928/10129109/en/Hill-International-Acquires-Turkish-Project-Management-Firm-IMS.html

[whum] 31/3/2015 14:49

trying to buy thro hl can't get a price
any ideas

[davebowler] 31/3/2015 11:14

Westhouse;
Buy




CSG.L / 17.00p / £11.68m / TP: 50p




Event: News report




Likely % change in earnings forecasts: No Change





Sweett Group – Strategic alliance in Canada

Sweett Group has announced a strategic alliance with Pelican Woodcliff, a Toronto based construction consulting firm. While no financial details have been released, as to the implications of the alliance, we view it as a sensible move.

While the uncertainties remain over the Wall Street Journal allegations, we continue to believe that the business will see good trading momentum under the new management team given the economic backdrop particularly in the UK. We keep our target price at 50p, equating to a 12.5x FY2016 P/E and our Buy rating.

[vino] 30/3/2015 14:08

well done andysand

lets hope that this is now on way up but am still jittery

[thorne3] 30/3/2015 13:59

Andysand.-Looks like you did a very sweet deal at 13p Well done.What do you know that we don't?

[andysand] 30/3/2015 13:40

well, that looks like a bottom is in place to me. Probably the first time I have ever got a bottom exactly right at 13p. Sadly, I only bought £1000 worth. Still, I think I will double my money as I think we will easily get to around 25p in a fairly short time now.

[diku] 28/3/2015 21:55

Its all in the name...is sweet turning sour!...

[andysand] 28/3/2015 21:16

Sometimes, you just have to be brave and dive in. As Warren Buffet says, buy when there is blood on the floor! http://www.wkrb13.com/markets/502616/sweett-group-plc-rating-reiterated-by-westhouse-securities-csg/Sweett Group PLC logoSweett Group PLC (LON:CSG)'s stock had its "buy" rating restated by analysts at Westhouse Securities in a research report issued to clients and investors on Tuesday. They currently have a GBX 50 ($0.77) target price on the stock. Westhouse Securities' target price would indicate a potentialupside of 138.10% from the company's current price.Sweett Group PLC (LON:CSG) opened at 21.00 on Tuesday. Sweett Group PLC has a one year low of GBX 18.00 and a one year high of GBX 52.99. The stock's 50-day moving average is GBX 20.78 and its 200-day moving average is GBX 29.89.Separately, analysts at N+1 Singer reiterated a "buy" rating and set a GBX 34 ($0.52) price target on shares of Sweett Group PLC in a research note on Wednesday, November 26th.Sweett Group plc is a holding company. The Company is engaged in the provision of construction cost consultancy, project management and other specialized consultancy services, including building surveying. The Company's Cost management services include benchmarking, cost planning and pre-contract cost control, insurance valuations, post contract cost control, procurement and contract advice, services engineering cost management, tender documentation and evaluation, value engineering and whole life costing/ life cycle costing.Receive News & Ratings for Sweett Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sweett Group PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.

[envirovision] 27/3/2015 22:21

It's very clear a large holder is being forced to sell peice meal and no one want to take the lot. I agree someone may have inside info. A people centric organisation like this could never keep such an important thing secret. It's a shame they are not very good on keeping shareholder upto speed but then again it probably has non disclosure clauses etc.

[diku] 27/3/2015 21:13

I am also beginning to think MM already know the outcome of the case hence the share price weakness....news always get leaked and those in the know could well be taking an advantage accordingly...surly not long to wait now....the speed of the fall is the tell tale signs...

[vino] 27/3/2015 21:01

The company knows already the outcome its just how much is the fine and other possible add ons
and as Thorne3 has said until that is resolved , what with shareholders using this sale as a loss against other capital gains it can only get worse
I see 10p before a turn.

[andysand] 27/3/2015 20:47

I suspect the selling has more to do with realising capital gains losses than anything sinister. There were no massive sales today; just a succession of small investor sales.

[thorne3] 27/3/2015 15:46

Andysand There are clearly some very jittery investors not to mention marketmakers in this stock who between them are gradually driving the share price down. I cannot believe that the news we are all awaiting is going to be so bad that the company will be driven under which is what the share price is beginning to reflect.A possible scenario is that the company's bankers might be getting cold feet and as a result refuse to fund any onerous fines that might be imposed.In these circumstances a significantly dilutive equity issue or a knockdown sale to a predator might be the only way out.I do not think we shall have long to wait.On the bright side the company is now trading well and should be able to work out of its problems in due course.Hopefully your purchase at 13p turns out to be the bargain you are anticipating.

[andysand] 27/3/2015 14:49

that 'sell' at 13p was mine and it was a buy. Time will tell if I got the bargain I think I did!

[andysand] 27/3/2015 14:44

well, I have bought a few. There comes a time when the price is ridiculous and I think we have reached it!

[diku] 26/3/2015 08:04

The mystery of PLC casinos is never fully understood...and if you think you have understood then you are very much mistaken!...