Share Name Share Symbol Market Type Share ISIN Share Description
Abbey Plc LSE:ABBY London Ordinary Share IE0000020408 ORD EUR0.32
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1,550.00 1,500.00 1,600.00 1,550.00 1,550.00 1,550.00 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 158.5 28.7 109.3 13.7 324

Abbey Share Discussion Threads

Showing 51 to 71 of 75 messages
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IG have refunded the Irish stamp duty. I checked with a couple of brokers and they wouldn't have charged it. Now all we need is a bid so I can use the funds for something else.
Thanks Forensic. I'm now thinking we may have been lucky in the past and perhaps IG have correctly charged Irish stamp duty. Abbey are dual listed, on the Euronext Growth Market and on AIM in the UK (which is not a stock exchange recognised by HMRC). This means if Abbey were incorporated in the UK I don't think stamp duty would be chargeable. However, Abbey are incorporated in Ireland. Had it been listed in Ireland on the Enterprise Securities Market (ESM) I think it would be exempt from stamp duty. Here's what is says on page 70 of the Euronext Growth Market Rule Book:- "Pursuant to the Finance Bill 2014 in the UK, UK stamp duty and the stamp duty reserve tax are not chargeable on transactions in securities admitted to trading on the Euronext Growth Market operated by Euronext Dublin of UK incorporated companies provided that they are not also listed on a Recognised Stock Exchange (as defined in section 1005(3)-(5) Income Tax Act 2007)." hTTps://
No, haven't been charged stamp duty.
I bought a few ABBY today via IG and got stung for 1% stamp duty. I didn't get that with the previous broker I used. Abbey are dual listed, on the Euronext Growth Market operated by Euronext Dublin and on AIM in the UK. Transactions on the Euronext Growth Market are not liable to UK stamp duty or the stamp duty reserve tax, provided that the company is not also listed on a Recognised Stock Exchange. In the UK AIM is not classed as a Recognised Stock Exchange. Therefore I don't believe I should be charged stamp duty. Has anyone else been charged stamp duty?
Good buying today. Is a takeover finally coming?
The Gallaghers must now hold about 95% of the shares. There's hardly any liquidity left for the PI and the spread is crazy. Hopefully Gallaghers will soon make an offer for the shares they don't yet own. What is the benefit to them of keeping this as a publicly listed company? I suppose it allows the company to mop up the available shares (at the expense of not paying a dividend), rather than buy them themselves?
Plenty of cash for share buybacks to strengthen the Gallagher's control over the Company, but no cash to pay a dividend!!! Its about time the Gallaghers made a full and fair takeover offer for the minority.
Could someone enlighten whether the spread of over 9% is always there ?Or does it change ..
To say that they had a "good" cash position is a bit of an understatement. The Company has a massive cash balance, and has just done a share buyback. To cancel the dividend is very annoying, and one has to wonder whose interest they are acting for. Even under these exceptional circumstances, there is no reason for cancelling the dividend. I trust the directors and senior management will be taking a cut in their pay packages, in line with the shareholders.
hTTps:// ABBEY PLC INTERIM STATEMENT FOR THE SIX MONTHS ENDED 31 OCTOBER 2019 The Board of Abbey plc reports a profit before taxation of €21.59m which compares with a profit of €23.93m for the corresponding period last year. Profits at the operating level were €21.45m as compared to €23.93m at the half way stage last year. Our housebuilding division completed 293 sales (UK 233; Ireland 36; Czechia 24) with a turnover of €92.54m resulting in an operating profit of €19.99m. Trading in the UK has been satisfactory over the past six months. Margins have held up well on a reduced turnover reflecting a higher proportion of affordable homes in our sales mix. Forward sales are at a level consistent with our year end targets. Market conditions are patchy with lower priced homes proving most saleable. Production is progressing steadily and cost pressures are, at the moment, contained. There is still much work to do in the last quarter and as is usual any setback can significantly impact our results. In Ireland work is progressing on five projects. Sales have been good and we are expecting further positive progress over the next few months. In Prague work is continuing in Přezletice and Horomeřice. A new project with an approved planning permit has been secured in Vinohrady. The building permit process is underway. M & J Engineers, our UK plant hire business, generated operating profits of €923,000 on a turnover of €10.51m. A lower turnover together with rising costs have resulted in a lower contribution. No immediate improvement is likely and a difficult second half is in prospect. Rental income for the period amounted to €535,000. Further to the authority granted at the Annual General Meeting on 5 October 2018 the company purchased for cancellation in the period 431,579 ordinary shares at a total cost of €6,532,000. The Group maintained good cash flow during the period and held €106.25m in cash at the end of October. The Group is planning significant investments in land in the year ahead. The Board is declaring a dividend of 10 cents per share to be paid on 30 April 2020 to shareholders on the register at 3rd April 2020. Together with the 11 cents per share approved at the AGM in October this will make a total of 21 cents per share for the financial year. Shareholders should carefully note the exchange rates used for this statement. The income statement uses the average rate for the period of 100 cents: STG 89.03 and 100 cents: CZK 25.71. The balance sheet uses the rate prevailing on 31 October 2019 of 100 cents: STG 86.22 and 100 cents: CZK 25.50. The Group is on course for a fair outcome for the year. There is still considerable uncertainty in the outlook and trading conditions can change quickly. The Group is working hard to increase its activity in Ireland. Copies of this statement are available to shareholders and members of the public at the company’s registered office, 258 North Wall Quay, Dublin 1. On behalf of the Board Charles H Gallagher – Chairman 6th December 2019 The Interim Results for the six months ended 31 October 2019 can be accessed by clicking on the following link: Interim Financials 31.10.2019
Trading Update 01/06/2018 RNS Number : 9191P Abbey PLC 01 June 2018 Abbey PLC Trading Update For the year ending 30th April 2018 Abbey Plc has completed 606 house sales (UK 524, Ireland 75, Czechia 7). The comparative figures for the previous year were 586 house sales (UK 495, Ireland 39, Czechia 52). Group turnover for the year is at similar levels to last year, however, somewhat lower margins mean operating profit will fall short of last year's return. Forward sales for the group are satisfactory and the housing division is on target to build and sell more new homes in the year ahead. Full year results should be published in the week beginning 9th July. Enquires Abbey Plc: David Dawson Tel: +44 1707 651266 Davy: Brian Garrahy Tel:+ 353 1 679 6363
2014 – The Great Irish Share Valuation Project (Part I) I take a look at Abbey, plus a batch of other Irish stocks: hxxp:// Cheers, Wexboy
2013 – The Great Irish Share Valuation Project (Part V) I take a look at Abbey, plus a batch of other Irish stocks: Cheers, Wexboy
average house prices in 2010 should have been approximately €180,000 instead of approximately €250,000 in terms of average house prices
Hey folks, This week I started The Great Irish Share Valuation Project on my value investing blog, where I plan to set a Fair Value Price Target for every listed Irish company. So far I've valued a dozen companies, including Abbey: I hope you'll take a look (if you've any feedback/questions, please don't hesitate to comment or email me), and/or become a regular reader. Cheers, Wexboy
21:29 From 1953 to 1996 the ratio of the price of new houses in Dublin to average industrial earnings was 5.3. That is also where it was in 1996. In 2006, it reached 13.7 but by 2010 it had fallen back to 7.4. Returning to the pre-bubble level, average house prices in 2010 should have been approximately €180,000 instead of approximately €250,000 in terms of average house prices and average incomes.
Up to 15% of shares to be bought back over next 18 months:
UK house prices hit a 16 month low
21:23 Rating agency Fitch has said it expects further falls in both residential and commercial property prices in Ireland t added that the full effect of the mortgage market stress has yet to be seen and said that while arrears levels continue to increase, very few houses have been repossessed so far. It also expressed concern about the slow pace of banks foreclosing on mortgage arrears
09:57 Record fall for British house prices British house prices plunged a record 3.6 per cent on the month in September, mortgage lender Halifax said, in a further sign the housing market is rapidly losing steam after a pick-up last year. Halifax said the fall was the biggest since records began in 1983.
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