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SNCL Sinclair Will.

9.375
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sinclair Will. LSE:SNCL London Ordinary Share GB0009665661 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 9.375 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 9.375 GBX

William Sinclair (SNCL) Latest News

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William Sinclair (SNCL) Discussions and Chat

William Sinclair Forums and Chat

Date Time Title Posts
08/11/201522:24William Sinclair Holdings375
11/12/200610:50Seriously undervalued, forward p/e 5.8, yield 11.2%, NAV 99p per share111
06/3/200100:01Sinclair, W. to sproat?-

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William Sinclair (SNCL) Top Chat Posts

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Posted at 03/6/2015 14:37 by jbfnfn
Is this good or bad for the share price?

From Horticulture Week 2nd June.

Sinclair redundancies as centralising starts at Ellesmere Port
2 June 2015, by Matthew Appleby,

William Sinclair Horticulture is closing plants to relocate at its new £50m base in Cheshire, with almost 100 job losses proposed.
.
.
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Some 74 jobs will be lost at Lincoln (across two sites) plus nine at Bolton Fell, three at Astley Moss and 20 at Ellesmere Port.

... a 45 day consultation started on 1 June.
Posted at 29/5/2015 09:28 by castleford tiger
Nocton

We handle 400 tonnes of product for our growers. As you say its no good for the commercial operation.
In our retail operation sales of blended old style product are approx. 40 loads a year x 26 pals
Currently they are 100% old style.
The sector is still very dependant on price promotions and plenty of cheaper Irish peat based comes to this UK market.
companies like Growmore and Durstons have grown their market share over the last two years.

Tiger
Posted at 28/5/2015 09:13 by castleford tiger
OK so where are we.........

On 30 November 2014 the Group completed the transfer of its working capital facilities to Leumi ABL Ltd. The new facilities comprise debtor and inventory facilities totalling GBP26 million and amortising loans of a further GBP3 million. The working capital facilities are at 2.1% and 2.5% above Libor while the amortising loans are at 2.75% and 3.0% above Libor.

So its fair to assume that the banks are owed 29 million from the above.
We also have the bond holders being owed circa 8 million.
We have a defined pension deficit of about 13 million.

We have the current period of trading loss/profit to add or reduce the above.

ignoring market cap which is I agree almost pricing in a failure. Where is the value?
The biggest issue I see is that the peat free compost made from green waste is not that good. Repeat orders are reducing as peat based composts are still available.
Therefore the company and this is before any more write downs may still be losing money!

So please explain how I have this wrong and how and why there is value here?
First thing you would do is a form of pre-pack especially as the pension boys will want their share.
Am I wrong?
Tiger
Posted at 28/5/2015 07:37 by rachmanninov
To sell or to buy?
That is the question.
Posted at 27/5/2015 15:23 by callumross
Caveat - give it a break. Who knows whether Castleford's advice is sound or not but you should not be coming onto bulletin boards if you get upset by such "advice" as he has proffered. I see much more extreme opinions than that every day. Clearly you are hurting with regard to your investment in SNCL. I have lost thousands on this investment but I don't blame anyone else for my wrong investment but myself. I was fortunate enough to get my last 15k out at 22.55p early yesterday and was surprised to get as good a price as that after reading the RNS at 7a.m. so it almost felt like a result! As long as the "good uns" more than make up for the bad investment decisions, then life is fine.
Posted at 27/5/2015 13:37 by caveat_emptor
Advising and Tipping are one and the same.
Posted at 27/5/2015 08:43 by my retirement fund
I see he also owns PVR the Irish Penny Share dribbler, an oil rainbow riches pipe dream.

enough said!
Posted at 26/5/2015 15:39 by castleford tiger
What I said on the 5th of march over on iii..............



The Group has issued a principal amount of £8.24 million of Convertible Notes. 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.

The Noteholders are also entitled to appoint a non-executive director to the board of the Company. The Company expects to work closely with the Noteholders to identify a suitable individual.

That was raised at a cost of 1 million to the company. look at the rates we are paying, plus warrants.
the loss last year was about 5/6 million but after the net 9 million we got ( the other 3 disappeared) we showed a small profit.
However it was not a trading profit............
Now as the season is about to start they warn again. Goodness the season starts at Easter!!
Just very worried that this is all out of control and they have lost market share.
Cash will be an issue here and until that is sorted I think its a massive AVOID.
I hold no position in the company long or short.
Tiger

NOW ITS CLEAR SHAREHOLDERS ARE GOING TO BE WIPED OUT. IT WENT ON TOO LONG AND TOO MUCH DEBT TO SAVE IT.
PREPACK AT BEST.

Tiger

So my advice take the 20p whilst you can.
Posted at 25/5/2015 18:43 by caveat_emptor
First sensible commentary I have heard.
Posted at 25/5/2015 08:32 by nocton
In principle, what Sinclair are doing - building new plant on new site with excellent logistics and consolidating all activity on that site - is just what is required. When I looked round the site (at Ellesmere Port) after the AGM it seemed that the operation should have huge potential. However, as we know, the reorganisation has been badly managed. The new plant has been slow to get up to speed - but when I viewed it was increasing production rapidly - and marketing has slipped so they have not kept up market share. You can have the best product in the world, but without good marketing it does not convert into cash/profits. After all Microsoft did not get where it was to day by having the best software - far from it - but they had excellent marketing.
So I'm very hopeful, but if the turn round does not start his year then that will be it.
William Sinclair share price data is direct from the London Stock Exchange

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