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Share Name Share Symbol Market Type Share ISIN Share Description
Associated British Engineering Plc LSE:ASBE London Ordinary Share GB0007395642 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 30.00p 25.00p 35.00p 30.00p 30.00p 30.00p 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 1.6 -0.6 -20.6 - 1.00

Associated British Engin... Share Discussion Threads

Showing 1 to 21 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
27/2/2001
23:10
For some strange reason my above posting printed out twice? Maybe I double clicked?
michaeld
27/2/2001
23:06
I bought 1k shares this morning and 1k this afternoon (at 183p, shown as a sell on advfn 'trades') after expressing a wish to purchase 5k (a mistake?). The MM's marked the price up after each of my trades. Company is selling Havant factory site for approx 1£M (I believe it is worth a lot more after looking at it. Two acres, just a stones throw from the town centre?). Even so, the company will have £2M approx in cash and the remaining subsidiary 'Polar Engines' incorporating the recent acquisition 'Kelvin Diesels', said to be trading profitably, I believe. With 1.3m shares in issue, a large proportion of the present share price is in cash. Hopefully, Mr Pearce Gould will soon find an exciting, profitable acquisition or if some non profitable engineering outfit; one that is sitting on valuable property assets, to the future benefit of shareholders and not some property developing pals of his? I am suspicious about the price accepted for the Havant site. I reckon Plc properties ought to be sold by means of a high profile auction after having been advertised in the National press, so that we, the shareholders can be sure that there is no dodgy dealing going on? Time will tell about Mr Pearce Gould but he can't do much worse than Mr Barry did, can he?
michaeld
27/2/2001
23:06
I bought 1k shares this morning and 1k this afternoon (at 183p, shown as a sell on advfn 'trades') after expressing a wish to purchase 5k (a mistake?). The MM's marked the price up after each of my trades. Company is selling Havant factory site for approx 1£M (I believe it is worth a lot more after looking at it. Two acres, just a stones throw from the town centre?). Even so, the company will have £2M approx in cash and the remaining subsidiary 'Polar Engines' incorporating the recent acquisition 'Kelvin Diesels', said to be trading profitably, I believe. With 1.3m shares in issue, a large proportion of the present share price is in cash. Hopefully, Mr Pearce Gould will soon find an exciting, profitable acquisition or if some non profitable engineering outfit; one that is sitting on valuable property assets, to the future benefit of shareholders and not some property developing pals of his? I am suspicious about the price accepted for the Havant site. I reckon Plc properties ought to be sold by means of a high profile auction after having been advertised in the National press, so that we, the shareholders can be sure that there is no dodgy dealing going on? Time will tell about Mr Pearce Gould but he can't do much worse than Mr Barry did, can he?
michaeld
27/2/2001
19:41
Did anyone notice the 21pt move on this stock just as the market was closing?Volume was a measly 4000 shares.......comments anyone?
gekky
02/6/2000
09:53
The company may be moving at the speed of a tortoise but at least it's moving in the right direction.Everyone in the posts above has been concentrating on Mr. Pearce-Gould,what is more interesting is who he represents.Evidently he has some very "smart" friends.
spooky
23/3/2000
11:51
Well - I seem to be one of the VERY few people who have the slightest interest in this share. PERSONALLY (IMHO etc.) - I have a great interest in the share as I see if being converted into a different kind of company. Whether the word 'internet' or 'cash shell' will feature, or whether the new company title will include interesting punctuation marks .@.com.uk!#£ I don't know. One thing which is surely worth noting however is that this month 2 new directors have been appointed. We know Mr. Gould - he recently acquired over 8% of the company. I don't know who the other geezer is - perhaps he works for Cambridge Corporate Consultants too. If anyone fancies phoning up and finding out - please go ahead! Here's hoping that we soon find out what is going on here. Presume that the MD had some idea what he was up to when he increased his shareholding last month. Not something I would expect him to do if the company was about to be wound up. Now £4 to buy. Anyone know if this price represents a discount or a premium to NAV? If anyone wants to check out Mr. Gould's other company 'Sovereign Reversions' - check it out on www.ofex.co.uk Sadly it has nothing to do with the internet (at least not from where I'm looking)
bambino
16/2/2000
11:37
From the last Interim Report for the Six Months ended 30th September 1999 it looks to my inexperienced eyes that the company has to be worth over £5 mil. Can someone please have a look for me and confirm / refute. Thanks in advance
bambino
16/2/2000
11:28
nlb Well, they seem to be on the move now. Approx 5 quid ish now. Can anyone help me to work out the NAV of the company also. I'm relatively inexperienced and don't know where to find out this kind of info. According to your RNS article the company has £1m in the bank and "Current trading tends to confirm the Board's confidence in the prospects of British Polar Engines". How can this be the case when last year British Polar only accounted for 12% of profit. They've sold off the middle eastern operation which accounted for most of their profit for something like 5/6 mil. They must have been fairly in debt if they only have £1m in the bank now. If they do only have £1m in the bank it looks like we are trading on something like 4/5 times NAV (although as I said above I would really appreciate some helpl / pointers re working out present NAV). As we can't yet confirm that anything is really going on surely this is a bit risky.
bambino
12/2/2000
11:00
RNS Number:2287F Associated British Engineering PLC 8 February 2000 Following a review of recent trading in its Catering Equipment Distribution subsidiary and news of the loss of a major contract the Board of Associated British Engineering plc ('ABE') has resolved to commit no further financial support to that company. The Board has appointed Mr Chris Laughton and Mr Maurice Moses of Levy Gees Administrative Receivers of ABE Catering Equipment Limited. The ABE Group after paying off all of its indebtedness to its bankers has cash on deposit of approximately #1million. Current trading tends to confirm the Board's confidence in the prospects of British Polar Engines. END and there is more ....... RNS Number:3586F Associated British Engineering PLC 10 February 2000 Notification of major interest in shares Pursuant to Section 198 of the Companies Act 1985 please note that we have been advised today that Mr J P Tucker increased his holding to 40,000 ordinary share equivalent to 3.05% of the issued share capital. END ---------------------------------------------------- over the comming weeks just watch these move ! regards nlb
nlb
25/1/2000
08:52
thoa - time will tel which story is correct, i have no idea regarding the small holdings. regards nlb.
nlb
24/1/2000
19:37
nlb Take your point about two differing stories. Wasn't trying to knock your post just pointing out the interim statement. Your research is appreciated. The recent trades on this company are weird - any idea where all the small holdings come from.
thoa
24/1/2000
17:10
it seems that the Durlacher holding may just be rumer, i am trying to confirm one way or the other.
nlb
23/1/2000
18:59
.... well lets just say, not for widows and orphans. :)
clem
23/1/2000
16:13
Must be missing point or some news. According to back news abse at interim were looking for bolt on enineering firms once sale of subsiduary went through- has this changed??
thoa
22/1/2000
13:54
Spotted these in the top lists a few weeks back. I think you need nerves of steel for this kind of wild punt! :)
clem
21/1/2000
23:12
I went into ASBE last November and held for 2 months but got out recently because nothing seemed to be happening and I had some better uses for my capital. At the time, I understood Mr Pearce-Gould's stake exceeded 8% but my memory may be failing me. My point is, the company is taking much longer than anticipated to become fully liquid - there are apparently some troublesome issues over the catering equipment division - also don't forget there may be tax to pay on the disposals. I would suggest the focus of BBer research should be Mr Pearce-Gould's other recent activities and interests. Someone must know of him ...
mad mac
21/1/2000
17:18
Associated British Engineering - something strange going on! EPIC: ASBE Associated British Engineering delivered some rather indifferent results in November 99, but the shares rose 52.5p why? For several weeks now institutions have been unloading the shares but where have they all gone? It appears that a Mr R.Pearce-Gould, has been buying most of the stock, ASBE do not know who he is and they do not know what his intentions are. He was at the E.G.M. in November 99 and he has continued to buy the shares. Who is this mystery person? Three large institutional holders have sold over 20+% of the company. Mr Rupert Pearce-Gould apparently comes from Cambridge Corporate Consultants (a venture capitalist company) and it looks as though ASBE could soon be something very different from what it is today. Following the sale of Danway the company intends to sell it's remaining two subsidiaries, it has had approaches from seven companies concerning its Catering Equipment Division and has had meetings with its largest competitor to discuss the disposal. The remaining businesses are small but profitable and will be easy to sell. The company will then be a clean cash shell. A few weeks ago the company had "dozens of approaches" according to the CEO. Mr. Pearce-Gould and associates have obviously decided that they wish to make more than an approach. He may only hold 8% but there will soon be further announcements of stake building. Depending on the final deal for the sale of the catering division and providing they get £1m for the highly desirable southern property site (worth £1.25m) then they could end up with £3.50 to £4.25 in CASH per share. And with high tech venture capitalists buying in it all looks very interesting. To put the situation in a nutshell, this company is looking increasingly like a bargain cash shell with a 35% discount to NAV circa £4.50 with little downside. Full listing and a market cap of £4m. If this is an Internet reversal then it will be worth many times that amount. The key to ASBE is the full market listing, lots of the recent cash shells have been on the AIM but to get a shell with a full market listing is very important to attracting institutional investors. More gains are expected and it should reach at least 75% of NAV. So we could see £4.00 by the end of next month, if they tie up a deal soon it could be one of the top performers. People are starting to realise how important a full market listing is if it becomes a shell. The marketmakers appear to be short of stock. This share moves on very small volumes, so any above average interest in this share and the price will rocket, it moved up 12.5p on Thursday 20th on something like 14k traded volume, which means the stock is very scarce.
nlb
21/1/2000
16:57
nlb, March! but I've got Murphy's, and I'm not bitter... yours with a Bollinger Band..A.
aquila
21/1/2000
16:48
A. - there is a thread on the 'other side' that has the same info. One of my city friends did most of the ground work, including an attendance at the EGM last year. A. - have you done that course yet? regards nlb.
nlb
21/1/2000
16:37
nlb, greetings and thanks for the detective work, very interesting,A.
aquila
21/1/2000
13:03
Associated British Engineering - something strange going on! EPIC: ASBE Associated British Engineering delivered some rather indifferent results in November 99, but the shares rose 52.5p why? For several weeks now institutions have been unloading the shares but where have they all gone? It appears that a Mr R.Pearce-Gould, has been buying most of the stock, ASBE do not know who he is and they do not know what his intentions are. He was at the E.G.M. in November 99 and he has continued to buy the shares. Who is this mystery person? Three large institutional holders have sold over 20+% of the company. Mr Rupert Pearce-Gould apparently comes from Cambridge Corporate Consultants (a venture capitalist company) and it looks as though ASBE could soon be something very different from what it is today. Following the sale of Danway the company intends to sell it's remaining two subsidiaries, it has had approaches from seven companies concerning its Catering Equipment Division and has had meetings with its largest competitor to discuss the disposal. The remaining businesses are small but profitable and will be easy to sell. The company will then be a clean cash shell. A few weeks ago the company had "dozens of approaches" according to the CEO. Mr. Pearce-Gould and associates have obviously decided that they wish to make more than an approach. He may only hold 8% but there will soon be further announcements of stake building. Depending on the final deal for the sale of catering and providing they get £1m for the highly desirable southern property site (worth £1.25m) then they could end up with £3.50 to £4.25 in CASH per share. And with high tech venture capitalists buying in it all looks very interesting. To put the situation in a nutshell, this company is looking increasingly like a bargain cash shell with a 35% discount to NAV circa £4.50 with little downside. Full listing and a market cap of £4m. If this is an Internet reversal then it will be worth many times that amount. The key to ASBE is the full market listing, lots of the recent cash shells have been on the AIM but to get a shell with a full market listing is very important to attracting institutional investors. More gains are expected and it should reach at least 75% of NAV. So we could see £4.00 by the end of next month, if they tie up a deal soon it could be one of the top performers. People are starting to realise how important a full market listing is if it becomes a shell. The marketmakers appear to be short of stock. This share moves on very small volumes, so any above average interest in this share and the price will rocket, it moved up 12.5p on Thursday 20th on something like 14k traded volume, which means the stock is very scarce. regards nlb.
nlb
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