Abbeycrest Share Discussion Threads

[baner] 08/2/2012 16:07

charo

total agreement - this looks like a real stinker.

burdale sucked the blood out of the company at horrendous costs, mr asston was paid a very full salary for overseeing the demise, and some 3rd party will now make a fortune from pulling the gems out at bombed out prices.

a real stinker!

[charo] 07/2/2012 11:59

this is a stitch up.newly incorporated co buys up loans,then makes secured loan to co then within days apponts administrators who no doubt will sell to nominees of secured lender by way of prepack.legalised theft.

[falia] 30/11/2011 13:04

funding secured

[knowing] 14/11/2011 10:04

Good return for those who bought at the low.

[charo] 07/11/2011 11:34

floods in thailand must be hurting.

[charo] 03/11/2011 13:19

next big write off goodwill.bang.

[bronek1959b] 29/7/2011 15:10

probably rns monday.

[james111] 29/7/2011 14:48

previous post wrong now 150% up
Why?

[james111] 29/7/2011 14:19

what has just happened 83% up, anyone any ideas

[charo] 21/7/2011 11:29

another catastrophe.

[addict] 31/5/2011 17:12

We'll see.DYOR

[charo] 31/5/2011 14:27

so burdale wanted to reduce credit line,siam took opportunity to extend its.irish does not explain logic.company still needs to make the operating improvements rest smoke and mirrors.

[addict] 31/5/2011 08:02

On-line buy volume restricted to 10k.Tight market in these.

[addict] 31/5/2011 07:18

One of the best turnaround opportunities on the marketIMO.There is a big sign hanging up which reads 'under new management'.DYOR

[moathunter] 17/12/2010 10:39

Rainmaker - 21 Jul'09 - 12:46 - 16 of 257
I'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?

[ben value] 17/12/2010 10:02

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

[tempramental] 16/12/2010 16:53

now we know what the fall was about a few weeks back

[rainmaker] 16/12/2010 14:40

NY Boy-the financier for Abbeycrest is Burdale, a so called lender of last resort. IMHO once a banking covenant is breached with them it's administration and liquidation.I think the writing is definitely on the wall for Abbeycrest. Really it's not worth buying shares where there is any real solvency risk and you don't need to, as there are plenty of great value shares on extremely low ratings with strong balance sheets whose share prices will recover.

regards

[knowing] 16/12/2010 14:29

No stop loss kicked in after the news so out with a minimal loss. Get some MTA NYB

[ny boy] 16/12/2010 14:28

Lord Gnome, I nearly bought these the other day but ended buying RNVO, which is doing very well.


Could be a decent entry point but I haven't had time to do any due dilligence on this stock yet.

I think Knowing has good knowledge on this one, is it still a buy on this dip?

[lord gnome] 16/12/2010 13:45

I'm out. That trading statement was the last straw for me. In at 8.25p and out at 3p - horrid loss, but better than waiting for administration and eventual oblivion.

[knowing] 15/12/2010 13:19

And all was still not a trade in sight

[knowing] 14/12/2010 14:58

Looks like it's moved up on PLUS

[knowing] 07/12/2010 16:16

Bit of buying tomorrow will see this back over 5