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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Abbeycrest | ACR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.50 |
| Top Posts |
|---|
Posted at 17/12/2010 10:39 by moathunter Rainmaker - 21 Jul'09 - 12:46 - 16 of 257I'm a large shareholder and will continue to hold....IMHO definitely one to buy and hold at current levels Rainmaker - 1 Apr'10 - 01:51 - 95 of 257 Value Investor and new Abbeycrest shareholder Peter Gyllenhammar... has timed this one pretty well and I don't think he'll have to wait for a good return here. In short I believe there is terrific potential here. Rainmaker- Pay scant attention to Gyllenhammar's investment choices. Certainly, his annual average return is c. 10% over the last decade. That's c.>8% points higher than the FTSE and excellent for someone managing over £70m (and recent Waterman buy was quite attractive). But a small investor can do better than that due to obvious structural (£) reasons. Personally had a quick look at Abbeycrest at £2.5m. However there's too much short-term pressure compounding the long-term failings. Short-term, high gold price pricing out a weak UK demand for jewellery (over 40% of revenue?), coupled with D/E ratio >0.5 on immediately recallable debt. Long-term, it's a secular failing business model with wafer thin margins and repeated annual ""one-off"" expenses... and changing their business plan within two years of their previous revision. Turn-arounds rarely do. Avoid ACR (it's on a 'popcorn watch' along with other basketcases NTBR, NAR, RCG, UNIQ and HVE). Popcorn anyone? Ben Value? Rainmaker? |
Posted at 17/12/2010 10:02 by ben value Rainmaker - thanks for the information about Burdale. I have just managed to sell my ACR. A pretty bad loss but better than nothing. Quite hard to sell them as I could only sell 15,000 at a time.regards |
Posted at 13/5/2010 08:30 by watchout2 ha ha lolYou are good for a laugh, no online limits now then here and on cr thread for acr ? |
Posted at 13/5/2010 08:27 by watchout2 LOL !Lets see ! You are not bringing this thread to the top now. You are not posting about Acr on all the other sites. You have not mentioned it once on the CR pump and dump thread when you were about 5 times a day but still are pumping API on there. Just admit you sold, everybody knows you are out. |
Posted at 30/4/2010 21:47 by knowing Well it does look exciting now and after all that has happened with PCF and ACE this week I have great expectations for ACR next week. As stated all the indicators are there to say the company is doing well.1. Loan repayment 2. Large holder who has taken 29% of the available stock 3. Technical analysis is now indicating a Strong Buy 4. Spread is screaming buy me at 8p This week there were some large trades which indicated that someone had taken the overhang thus putting ACR in play and that has started to pan out with a modest rise today. Last time the stock got a move on it spiked to 16p which would mean X2 your money back from this level. I looking forward to next week. Have a good BH. |
Posted at 30/4/2010 08:56 by knowing Think it goes to prove how quickly some of these bottomed out stocks rebound. Had a stonking trade in ACE having gone from a loss to a massive profit within two days. I do think we could see a rise like that in ACR and this is still lowly priced. |
Posted at 26/4/2010 08:16 by nick rubens Some Investor called Peter Gyllenhammar has accululated around 30% of ACR. I've noticed this Guys name seems to crop up on a few small company registers.Anyone know what else he has bought into it? cheers. |
Posted at 01/4/2010 08:14 by ben value Hi Rainmaker - interested to see you here. I tried to buy some more ACR yesterday after seeing PG's purchase.regards |
Posted at 15/1/2010 07:41 by knowing TIDMACR RNS Number : 6028F Abbeycrest PLC 15 January 2010 ? +------------------- | Press release | 15 January 2010 | +------------------- Abbeycrest plc ("Abbeycrest" or "the Group") Interim Management Statement Abbeycrest plc (LSE: ACR), a leading international jewellery designer and manufacturer, today provides an update on business performance since the announcement of its Interim Results for the period ended 31 August 2009. The Board is pleased to report that trading performance remained solid during the period across all of the Group's major operating segments. This is particularly encouraging given the adverse impact of foreign exchange movements, for example the Hong Kong dollar and Thai Baht have both depreciated between 10% and 20% over the financial year to date, and the inexorable rise in the gold price which continues to affect demand for the majority of the Group's products and apply pressure on margins. Key performance measures, including underlying profitability, working capital and net debt, continue to improve year on year. The remaining balance of GBP1.0 million outstanding on the loan from the Group's junior lender is due to be repaid on 28 February 2010 and the Group is progressing a number of options in relation to final settlement. This performance further validates the Group's decisions in the last financial year to withdraw from the most price sensitive areas of the market and follow its Leading Edge strategy of focusing on a reduced customer base, with fewer products and a greater degree of product branding. Given the ongoing improvements in the Group's performance, the directors remain confident and determined that despite the specific challenges faced in our markets, the Group has the strategy, skills and management to continue the transformation of Abbeycrest plc. |
Posted at 27/8/2009 13:28 by knowing Abbeycrest Interim Management StatementTIDMACR RNS Number : 9165V Abbeycrest PLC 20 July 2009 +------------------- | Press release | 20 July 2009 | +------------------- Abbeycrest plc ("Abbeycrest" or "the Group") Interim Management Statement Abbeycrest plc (LSE: ACR), a leading international jewellery designer and manufacturer, today provides an update on business performance since the announcement of its Final Results for the year to 28 February 2009 on 26 June 2009. The Board is pleased to report that in the current financial year, the Group is performing in line with management expectations under the Group's well advanced turnaround plan, in terms of both sales and operating profitability. The Essentials division, Abbeycrest's established business supplying unbranded jewellery to mainstream global markets, is performing ahead of last year; delivering much improved operating results on a significantly reduced turnover. The managed withdrawal from certain, lower margin UK business streams and focus on fewer product lines, as previously reported, is working to good effect. Order intake across the breadth of customers and markets is positive and building as we look forward to the second half of the calendar year, traditionally our busier season. The Brands division is making good progress with its new higher margin brands, Gorgeous Gold , Fluid , and Osare . With Gorgeous Gold now in-store and online at Ernest Jones, the Group's recently recruited national and regional sales managers, who bring with them strong brand experience, are also working with a number of other leading retailers. In this regard, the Board is pleased to announce that Nordiska, the jewellery wholesaling operation of the Guld Invest Norden Group, is to distribute Osare and Fluid across Sweden. As previously reported, following the successful implementation of the first phase of the Group's restructuring programme, Abbeycrest has substantially reduced its net debt position compared with the same period last year. The Group has also successfully re-negotiated new working capital facilities with its senior lender in the UK, until March 2011 and recently secured additional working capital facilities in Thailand. There remains a further GBP1.75 million loan in the UK, with a junior lender, under which GBP0.75 million is required to be paid before 31 August 2009 in order to avoid penal interest rates, with the remaining GBP1.0 million due to be paid on 28 February 2010. As previously indicated, the Group has been exploring a number of funding options and is currently well advanced with a planned equity fundraising to obtain sufficient finance to meet these repayments and to support investment in the new brands business. The Board is confident about the prospects for Abbeycrest and believes that, having successfully completed the important first phase of the restructuring programme, the Group should now seek to strengthen its balance sheet to ensure that the Group will be well placed to take advantage of its established position in the UK jewellery market, its increasing presence overseas and the anticipated growth from its higher margin branded collections. - Ends - For further information |
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