Yorkshire Grp. Share Discussion Threads

[shawzie] 23/4/2003 10:52

much of the value of this company is in its stock of materials, which may or may not be saleable in the short/medium term. A full year loss of say £10m will further reduce nav.
Still worth a punt , but not for the faint hearted.

[tony14] 23/4/2003 00:57

RNS Number:2219K
Yorkshire Group PLC
22 April 2003

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES


1) Name of company

Yorkshire Group plc


2) Name of shareholder having a major interest

Second Advance Value Realisation Company Limited


3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it
is a holding of that person's spouse or children under the age of 18

Shareholder named in 2. above - expressed to be conditional upon the
listing of such shareholder on the London Stock Exchange on 25 April 2003.


4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Nortrust Nominees Limited A/c AVC01


5) Number of shares/amount of stock acquired

1,900,000


6) Percentage of issued class

3.63%


7) Number of shares/amount of stock disposed


8) Percentage of issued class


9) Class of security

25 pence Ordinary Shares


10) Date of transaction

Not known


11) Date company informed

17 April, 2003


12) Total holding following this notification

1,900,000

13) Total percentage holding of issued class following this notification

3.63%

14) Any additional information



15) Name of contact and telephone number for queries

C E Baxandall, 0113 2443111

16) Name and signature of authorised company official responsible for
making this notification


C E Baxandall


Date of notification 22 April, 2003


This information is provided by RNS
The company news service from the London Stock Exchange
END

[hosede] 04/4/2003 11:35

denniss russell your point taken - but this company have been restructuring for ten years and lost more than 98% of their value! Will they ever get it right?

[jhan66] 03/4/2003 00:56

Would I be correct in guessing thet Nordea Bank are linked to P.Gyllenhamer?
34% & rising.

[dennis russell] 01/4/2003 15:17

hosede - I wonder if you understand the business YOR is in. The actual manufacturing labour cost is not great, and they have to supply many customers with relatively small quantities of customised colour. So JIT service has a value. They have in fact closed production in the US to concentrate in the UK, hence the forecast write-down of assets, but to the benefit of actual trading. The strategy was to add manufacturing in Asia, where their customers are moving, but this has been put on hold until the market picks up

[jhan66] 26/3/2003 16:20

Results now a week later than last year. Not a good sign but hey, how much worse can it get

[dennis russell] 19/3/2003 17:23

some odd movements. Gyllenhamar has just picked up another 2,300,000. Price rises 10% this morning, then a big 500,000 sale, followed by a lot of small buys, price steady.

[tony14] 14/3/2003 11:57

Taken from December's trading statement:

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.


The above seems to apply that there will be an aggressive writedown of the groups assets thereby further reducing the net asset figure. One way or the other all should become clearer soon.

Regards

[hosede] 14/3/2003 11:37

While it tries to continue manufacturing in the UK this co. has no real chance of being competitive; it needs to move to somewhere like China or Korea (like Stadium did). But at 5p! worth a short term gamble maybe??

[shawzie] 14/3/2003 11:24

Is this company now becoming worthless?
After a first half-year loss of £6M the net asset value was about £48M and assuming a second half-year loss of a further £6M, the nav will be reduced to
about £42M.
The value of stock held in the company amounts to nav.
Is there no way back under the present Board?

[tony14] 14/3/2003 10:44

Another 18% drop today. Full year figures are due soon and would imagine that they want make pleasant reading. Net Asset is multiples of current market cap but large indebtedness weighing heavily.

Regards

[tony14] 14/3/2003 10:37

Another 18% drop today. Full year figures are due soon and would imagine that they want make pleasant reading. Net Asset is multiples of current market cap but large indebtedness weighing heavily.

Regards

[tony14] 11/3/2003 16:00

Well, 25% drop today with no obvious trades to justify the drop, but with the general market malaise it is hardly surprising.

Regards

[addict] 24/1/2003 10:30

Lord c,
Yes-in at a good level,but that spread will deter most punters.MM's not playing the game-there's been enough trade to justify a much tighter spread than 3p,even if it is possible to trade inside.Methinks they can't make up their minds on prospects,but for brave punters there could be considerable upside,given the net assets at the last count.DYOR.
Regards,

[lord c.] 22/1/2003 17:41

Lord C.>>>addict,

o/t hope you were in far south of 10p.
RDN looks as if it might come good - interesting trades last few days.
Tiny tiny little tiddler = JLH might be worth a punt @.7. My guess is they will delist soon north of 1p.

best wishes

LC

[addict] 22/1/2003 10:14

Lord c,
Decided to take a small nibble-nothing to get excited about,but having seen the next move for the FD,it's clearly a good career move,which helps sentiment on this one somewhat.Still one for the brave,IMHO.

[whitie2] 22/1/2003 00:49

I really like this company and I dont think its a dog I think the future is bright but I fear it will fall back as it has not yet found its bottom

[addict] 22/1/2003 00:45

Needs a company doctor-or a vet.

[panagos] 22/1/2003 00:17

has this dog started barking?

[whitie2] 21/1/2003 18:14

certainly worth watching

[nissan300] 21/1/2003 18:03

Worth buying ?????????????????

[dennis russell] 21/1/2003 17:34

actually today showed the highest volume since early September. Here we have a business with £100M-plus sales, apparently valued at under £5M.I imagine the Board has said all it's going to say until the results come out in mid-March. But they will have a pretty firm idea already of the 2002 outcome, and it can't be that bad, or the Dec. statement would have been more specific. An enigma wrapped in a mystery!

[panagos] 21/1/2003 13:35

Unless there are news imminent i would assume this will fall back and below, since there is no volume!! it may be a MM bull trap IMHO DYOR etc etc

[addict] 21/1/2003 13:22

Certainly getting noticed,and those delayed trades,coupled with a rising share price suggest a strong rebound could be on the cards.DYOR.

[addict] 21/1/2003 11:51

Oooerrr-one of the best movers of the day...