Yorkshire Grp. Share Discussion Threads

[blackbear] 07/1/2003 18:27

yeah i know , got loads LOL

[panagos] 07/1/2003 18:24

cheers bb, will have a look, lgd is THE CLASSIC dog though

[blackbear] 07/1/2003 18:21

id be in it for the assets , restructuring , potential takeover ,last count net assetts 90p worth or so ,probably not realistic in this market but 40p ?

ill tell ya about my favourite dog HOR , have a look , debt heading for zero and could already be the case at this time, massive turnover, improved margins , could be a blinder at 21p, gartmore,s been mopping up , chart bottom in place?

must go

bb.

[panagos] 07/1/2003 17:52

not really, but watching yor like a hawk, i like the turnover

[blackbear] 07/1/2003 17:48

yes agreed.

not yet.

u into charting now pangagos?

excellent.

[panagos] 07/1/2003 17:44

it has to establish a bottom first

[blackbear] 07/1/2003 17:42

hmm might buy some of these for my dog fund. but not yet.

[ridgeback] 24/12/2002 02:07

I think iw would be wise to see the board dip in and buy a few before anyone here jumps in.

[master rsi] 23/12/2002 21:44

maxheadroom

I did point out the high level of debt over 2 week ago, since then the shares have come further down, at which level will be worth pick them will be very dificult till disposals are realised.

[maxheadroom] 19/12/2002 08:00

The Board of Yorkshire, the specialist dyes and chemicals group, reported very
difficult trading conditions in its interim report dated 3 September 2002
together with an aim of achieving group profitability some time in 2003.

The Board has recently completed its review of the Group's budget for 2003 in
the light of continuing depressed trading conditions throughout the world and
now expects that a return to group profitability will take longer than
previously expected.

Against this background, and in the context of the Group's high level of debt,
the Board has now concluded that it should defer its global growth strategy for
the time being. Instead, a substantial reduction in the Group's level of debt
has become the Board's immediate priority. In accordance with this, the Group
has commenced an active and aggressive strategy of asset realisations.

This change in strategy is likely to have a knock-on effect on the results to be
reported for the year ending 31 December 2002 as a result of, inter alia, a
review of asset carrying values.

[sscrabble] 12/12/2002 20:47

The figures are off the london stock exchange website and must surely be correct

[dennis russell] 12/12/2002 17:17

Scrabble - the chart for yor of price/volume for the last month shows no sign of this transaction. Could it belong somewhere else? If correct, it would have to be reported to the company.

[sscrabble] 12/12/2002 10:28

Nearly 7% of the Company traded a week ago at 6p and only declared today. Is that allowable and what is going on ?

YORKSHIRE GRP. (YOR) at 10:08 12 December 2002
Security Long Name

YORKSHIRE GROUP PLC ORD 25P
Cur Bid Offer Price Change % Chg High Low Volume Time Last Closing Price
GBX 11.00 15.00 13.00 +1.50 +13.04 13.00 11.50 3377451 10:06 11.50
Last 5
trades Price Volume Trade Value ( £ ) Type Date Time
1 13.50 4418 596 O 12-DEC-2002 10:06:00
2 6.00 3373033 202382 K 05-DEC-2002 09:58:00
3 12.00 62500 7500 O 11-DEC-2002 15:24:00
4 10.75 1000 108 O 11-DEC-2002 16:06:14
5 13.00 5000 650 O 11-DEC-2002 08:35:37

[panagos] 12/12/2002 08:27

do you think this bnottomed out?

[cg1953] 11/12/2002 05:45

i bought at -68 on the basis that
management were going to liquidate
the bulk of the bizness, then effect
a cash distribution.on the back of this
they went to -80 pence.
then 'management',under stuart wallis[kiss of death]
decided otherwise,and instead opted for
a disastrous acquisition spree, which
has now nearly bankrupted them.
good luck all holders.

[sscrabble] 10/12/2002 19:42

On the basis that there is no point playing this game without having the courage of your convictions I bought another 50000 shares later in the day. I now own 0.2% of the Company !!

[jhan66] 10/12/2002 10:35

deepest sympathy Sscrabble. Might join you though at 11p

[sscrabble] 10/12/2002 09:43

Perhaps I should change my name to 'Kiss of Death'

[sscrabble] 10/12/2002 09:19

I have just bought 50000 of these. With a NAV of 90p and recovery prospects they must be cheap. (Unfortunately I also thought they were cheap when I bought at 57p, and I also thought Winchester Entertainment were a bargain at 23p and 33p ).

[master rsi] 08/12/2002 22:54

This company used to be a very well run company when the economy was going well, I invested on it several times, but for the last few years the company is gone from bad to worse.

I am not any longer a shareholder, but I would like to get in, but on reading the accounts I find out that the gearing is very high 71% at the last accounts end June 02, but looking at borrowing of £34.8 Mil. againts market cap of just over £ 5 Mil, one has to think twice before investing any money in YOR.

The good thing would be if the maket recovers strongly or manage to get rid of some assets that do not perform, in so bringing this borrowing down from this astronomical figure of £34.8 mil.

I wish you well for the future, because the share price is really at a very low price, and maybe the asset value can keep it as a bottom price 12.5p

[dennis russell] 06/12/2002 17:41

Martin Tower's move to Kelda Water etc (to be effective next March) is surely some kind of compliment to YOR, Kelda being about five times as big. I am still at a loss to understand why this yor is rated so poorly

[shadowside] 31/10/2002 07:20

Appointment of Dr Muller as non exec is interesting. Had business dealings with him and he is a smsrt cookie with vast experience/contacts in dyes/leather industry. Definitely on my "watch list"

[cg1953] 21/10/2002 00:16

dennis russell
absolutely agree your post 15.
ironic they created this situation
that now makes an mbo a possibility !!!

[dennis russell] 19/10/2002 20:47

The past week has again seen some hefty volumes moving, suggesting that some kind of resistance level has been found. And now we have three directors accepting extraordinary ten-year options - At the current 15/16p level! Looks like a preparation for a management buy-out offer - and who can blame them for trying?

[dennis russell] 04/9/2002 22:18

Have we really seen what the market thinks? Depends what is meant by 'the market'! Have a look at the last three months' trading - day after day you will see very, very small volumes moving, 20-50,000 a day, during which time the price moves down from 40 to 18p. Then today how many? Over TWO MILLION. Something interesting is going on.