William Sinclair Share Discussion Threads

[castleford tiger] 21/5/2014 10:56

More likely a pre pack............carrying a great deal of debt now.

Need that cash this year or be serious trouble.

tiger

[emeraldzebra] 21/5/2014 09:49

i wonder if they will get swallowed up ? any thoughts ?

[cyfran101] 20/5/2014 23:27

In July last year I stated SNCL looked to be 2 years away from being investable and sub 80p was looking likely.

Now its bombed and I can't see why the share price held up so well without any positive news at all in that time.

No dividend, loss and slimmer margins.

I never short so no benefit to me but a least the price reflects the short to medium term prospects?

[balcony] 20/5/2014 19:49

Sorry to all holders,Remember these being tipped in the fleet st newsletter in the early 80s never seem to have got going in over 30 years

[bozzy_s] 20/5/2014 19:38

Been watching these for nearly 10 years, traded a few shares in the past I think. Never imagined they'd lose 46% in a day. In perfect trading conditions, the company is going to make a heavy loss. So what happens when things aren't quite so perfect in future? If there's a colder/wetter spring, or a recession? An enormous trading loss?

Shareholders need to boot out the directors, and report the FD for offloading whilst trading was poor, but before it was RNS'd.

[emeraldzebra] 20/5/2014 12:05

Tarred, feathered and then strung up by his undercarriage. Really unimpressive stuff. If an apology by all concerned is not warranted here, then whenever else would it be ??

[mw8156] 20/5/2014 10:39

very disappointing result in view of the good ideal spring for selling garden compost and general upturn in consumer spending that they should have benefited from and is Ellesmere Port on track at last or not ?

[emeraldzebra] 20/5/2014 10:11

I think Peter Williams should be tarred and feathered.

[eclair] 20/5/2014 09:10

Ouch! On 28th March they said sales well ahead of previous year and then this. I almost topped up ahead of these results - glad I didn't. Luckily only a small holding.

[pugugly] 20/5/2014 08:37

Looks as thogh very good timing by the FD

Terrible trading update today

Further delay on the claim re Bolton Fell. Initial action some 2 and a half years ago.


With court action results are always uncertain so could they be "counting the chickens before they are hatched" ??

The rest of the trading statement is horrible - Slower sales etc

"Sales to both retail and professional customers have disappointed, as have to a lesser degree margins. As a result, whilst it expects broadly to break-even at the underlying EBITDA level, the Group will report a significant underlying net loss for the year.

As a consequence of this trading performance, Group net debt at the interim period end and subsequently is greater than expected, and the Group does not therefore intend to pay an interim dividend."

At this share price today [down 33p to 77/80] there are questions in my mind as to whether the covertible will ever be converted and if the holders demand cash, at a first glance it appears that they can then [imo] the company may be forced into a very discounted rights issue.

Certainly [imo] a very specultive option at this time

Anyone any better background data ? Just dropped by to see if there was value here after today's fall but have so far not found any crumbs.

[cyfran101] 14/3/2014 21:21

Finance director is selling though

14-Mar-14 Peter Williams sold 62,239 @ 107.00p for £66,595.73

[drewz] 26/2/2014 15:32

Ticking up nicely. Acting as a useful defensive hedge, as expected, when the FTSE is on the slide.

[drewz] 30/1/2014 12:22

ADVFN User Sentiment on this share
You rated this share a SELL on 05/07/2012 at 09:34

I believe SNCL has now put in a double bottom on the chart and will gradually trade higher through 2014 with potential 50% upside to c.150p by year end as the new management cuts costs and improves process efficiency.

With last year's production hiatus behind us, I see SNCL as being a relatively secure defensive stock in what is bound to be a very volatile year for stock markets. All imho, dyor etc.

ADVFN User Sentiment on this share
You rated this share a BUY on 30/01/2014 at 15:07

[ukinvestor220] 21/1/2014 16:27

nice update today, new guys at the top making some progress. is this about ready to turn round ?

[nocton] 21/12/2013 16:19

Whether or not they are good or bad, are the shareholders to be offered any? As I read the notice it seems that buyers have already been found and if you don't approve then "the interest rate payable on the Convertible Notes would increase to between 25% and 28% per annum, their maturity would reduce to 3 years and the Group would not be able to redeem them prior to maturity." So if indeed ordinary shareholders are not to have the option of buying, it must indeed be bad news for ordinary shareholders.

[boonkoh] 20/12/2013 20:31

Does anyone else think the convertible notes terms are quite bad for shareholders?

[ukinvestor220] 20/12/2013 14:35

£8.24 million convertible Loan notes at 80p:
The Convertible Notes have a maturity of 5 years and carry an interest rate of between 8% and 11% per annum, reducing with the principal amount outstanding. Interest may be either settled in cash or added to the principal amount. The interest rate may be varied upwards in the event that spot LIBOR plus 3% exceeds 8% per annum. The Convertible Notes are redeemable by the Group in whole or in part at any time prior to their maturity.

Under the terms of the Convertible Notes the Noteholders are entitled to receive 5,665,000 warrants (the "Warrants") to subscribe for new ordinary shares of 25 pence (the "Shares") in the capital of the Company at a price of 80p per Share. At their maturity the Convertible Notes may, at the option of the Noteholders, be converted into Shares at a price of 159 pence per Share ("Conversion").

Issue of the Warrants and Conversion (the "Equity Features") both require the approval of shareholders in a general meeting of the Company. Should the Company fail to approve the Equity Features the interest rate payable on the Convertible Notes would increase to between 25% and 28% per annum, their maturity would reduce to 3 years and the Group would not be able to redeem them prior to maturity.

Directors helping themselves to £60K worth

[castleford tiger] 14/11/2013 10:23

I think I would be changing them.

A right balls up.

Tiger

[coolen] 13/11/2013 17:11

Will "management"(?) be forced into yet another trading update after this latest price collapse.

[boonkoh] 13/11/2013 16:50

What is up with this share? Dropping like a stone on sustained selling. Never seen such a collapse with so little volume.

[boonkoh] 05/8/2013 19:41

Only thing supporting this price IMO is the prospective dividend yield. But surely that has got to be cut as no cover at all, with 2014 not even certain to cover either.As not widely traded, will probably do a slow death downwards over time, so am going to sit and wait.

[cyfran101] 30/7/2013 00:37

Quite unbelievable.

In comes another trading update that rams home the message that they cannot recover from the spring start, the pressure of covering the deficit with Syperfyba was such that they took shortcuts that will now cause further production costs and they now hope the peat harvest will salvage some hope.

Taking all this into account the share price merely retreats to the level prior to the build up to the trading update. Investors possibly taking comfort that they are holding at a level just under the last director buy.

Give me a nudge when its sub 80p, possibly when they nail it to each shareholders head how bad it is.

[salpara111] 25/6/2013 12:39

Took this one off my monitor a while ago as I felt there was not short/medium term upside to be had and it would appear that I was right.
Still nowhere near cheap enough to entice me...if you cut the share price by 50% I could be interested.