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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tex Holdings Plc | TXH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 73.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 73.00 |
| Top Posts |
|---|
Posted at 07/1/2021 13:24 by aleman I've taken the offer though I did seriously consider not doing so. UK manufacturing is doing well. TXH has a strong balance sheet. I stuck with JCR when they delisted at 15p and got 45p a year later. I think TXH are worth far more than 20p but I think this lot are far more cynical than the JCR board were and AGMs harder to get to. I decided I'm almost certainly losing out but do not want the distraction this time from what is now one of my smaller holdings. |
Posted at 06/1/2021 15:53 by boystown So are the options basically to take 20p - OR to keep your shares in an unlisted company in the hope that something good happens with them one day (or that there's a dividend stream)?Also, DAK if I'll be able to do the latter as mine are held in a SIPP? |
Posted at 01/6/2020 18:00 by battlebus2 Results out |
Posted at 05/5/2020 11:24 by roberts2274 I love reading the balance of charo and aleman, so did some research of my own from companies’ house.You’ll be aware of all this, but I wanted to put it in a post to remind me and so I have it in one place. From December 2018 TXH accounts (and the Edward Le Bas Limited + Le Bas Investment Trust Limited accounts at 31 March 2019) there is at least 31.4% control from Mr Burrows and family (maybe more if they don’t have to disclose holdings less than 3.0% in TXH accounts). The Directors, mainly Chris PT who has 180,000 shares own nearly 3.0% combined. I’m surprised to see Chris Parker with £100 of shares, significantly less than I do and doesn’t show much faith from a Director in the business. Edward Le Bas Properties Limited is a business that owns industrial estates valued at £42m over which Barclays have taken security for the £10m loan they made to ELBP, “of which £7m was subsequently loaned to a connected company, with interest payments recharged at a margin plus the prevailing LIBOR rate over the term of the loan” (ELBP accounts) can’t wait to see what the "margin" is, given I assume this has to be mentioned in the TXH accounts to 31 December 2019 as a related party transaction. Barclays security is over Claydon Business Park, Great Blakenham, The Hamiltons, Chesterton Road Cambridge and Jubilee House Cambridge, a combined valuation of £42m and a £10m loan is around 25% LTV. I guess depending on the income from the tenants of the freehold properties owned by ELBP (£650,000 of which came from TXH and its subsidiaries in the year ended 31 December 2018), surely the bank would gear up on these properties to enable a take private by Mr Burrows and family. Offer price of course fundamental to any take private, but I suggest the only fair way is to look at a VWAP of the 90 days prior to suspending the listing on 29 April 2019 and add “a margin” to this. The other routes are sell/merge, but what a time to try that, whilst the majority of the board are all still shielding, and Chris Parker is about to leave. What’s the betting they take advantage of the extra 2 months afforded to plc’s to complete their accounts for this year because of Covid – and where’s the announcement to read from the directors which will make more interesting reading than this? |
Posted at 03/10/2019 14:54 by rburtn Has anybody else had an unsolicited approach citing txh? I doubt that my holding is that significant but i have been called and wonder just what it is all about? I suspect it might be phishing so can anyone enlighten me. |
Posted at 28/8/2019 16:42 by aleman Not bad interim results at first glance. But the 12% RISE in underlying operating profit has been eaten up by a rise in receivables and a whopping £7.3m (!!!) capex (and, I assume, the higher "professional expenses") for the new Brigg factory and WHAT ELSE EXACTLY? Reported profit was also hit by higher depreciation on said capex which won't be contributing fully yet. These results are quite promising if the underlying operating profit rise can be maintained - or even enhanced by the new factory - on the back of a mixed but improved order situation.I don't think I can get to Friday's EGM for the delayed results. Anyone going? I'd love to know where capex not far off the market cap has gone. (Balance sheet fixed assets go from £8.0m to £14.3m!) It might well significantly change the business. |
Posted at 16/4/2019 07:50 by aleman It's worth remembering that NAV was 168p at the finals and higher by more than 5% (though unspecified) at the interims. After a "modest loss" and 2.5p dividend, NAV is still probably close to 170p - with no intangibles. |
Posted at 15/4/2019 18:59 by battlebus2 Profits warning and breaching bank covenants. Dividend also gone. |
Posted at 08/10/2018 12:39 by aleman Was your dividend big because Computershare have accidentally doubled it? I received two cheques. I've been asked to return one. They tell me they've sent everybody duplicate cheques. They did not seem aware when I first queried it and had to investigate. I assume my bank would have bounced the second cheque because it was identical but I don't know what might have happened with electronic payments. |
Posted at 28/5/2018 11:56 by aleman No forecasts I'm aware of. Turnover and balance sheet has slowly improved for several years years, even if profit and EPS have been a bit lumpy. Operating cashflow has been steadier. H2 2017 was generally better than H1 and commentary suggests H1 2018 should be reasonable and might be good. The dividend should be maintained with a bit of luck. If the balance sheet continues to improve and growing receivables reverses, it is possible there could be a higher dividend or even a special dividend. Downside could be a slowing UK economy but the balance sheet should be strong enough to maintain the dividend for 2018. It's all guesswork. Visibility is poor but the shares look temptingly valued. |
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