Abbeycrest Share Discussion Threads

[nickgrant2] 17/11/2006 22:56

its still listed at about 40% of its NAV. Even Iiiiiii could get that right....hic......

A mention in IC could kill it off thought

[share holder] 24/10/2006 19:55

Nick Grant

Yes its in Leeds not a bad place to visit. I could not make the AGM this year. Does did any of you guys get to it this year.

[rainmaker] 24/10/2006 11:39

Mmmmmmmmmmmmmm... Still looks like a screaming buy to me-please refer to latest results.Some heavy volume around to boot.

regards

[nickgrant2] 16/10/2006 19:34

Shareholder, its in Leeds isnt it?

[share holder] 14/10/2006 14:56

Did anyone of you guys attend the AGM this year. I went to last years any found that only myself and my wife turned up.

[munin] 13/10/2006 19:32

Wild Donkey,
I just do not buy that.
Abbeycrest PLC have a very impressive, distinguished, and indomitable Remuneration Committee.
No director is paid any more than he is worth......... or so the story goes.

[wilddonkey] 05/10/2006 17:43

Nope, we should all aspire to a position on the board of a small quoted company. It's a license to print money apparantly.

[munin] 05/10/2006 16:16

Well, is it me?

[munin] 27/9/2006 16:41

I've just been looking through the Abbeycrest "Report & Financial Statements", and I noticed that Paul Stevenson was paid £112000, as "compensation for loss of office".
And yet the RNS stated:-
"Abbeycrest plc, the leading jewellery distributor, announces the resignation
from the Board of Paul Stevenson. Mr Stevenson will be leaving the company with
effect from 31 December 2005. The directors thank him for more than 21 years
service to the Group and wish him well for the future".
So how does this work? You resign, and they compensate you?
Is it me? Because if it is me who is mad, please tell me.

[arthur_lame_stocks] 25/9/2006 17:39

Does this mean cash is still tight?

[rainmaker] 15/9/2006 11:49

Some srange things going down!!Moving up on virtually no volume for the last week then a £10K purchase at 23p.30p+ on the cards!!

regards

[rainmaker] 13/9/2006 11:51

A little bit of buying and the MM raise the offer!

regards

[rainmaker] 06/9/2006 11:32

Thanks Arthur- I see that through tight control of working Capital debt has been reduced by 6 mln to just under 19mln as you say so net gearing is just under 60%(excluding intangibles)Hearing rumours that management are interested in taking Co private as despite debt they feel very confident in the long term future of business and that at current levels they are a steal. As yet obviously unsubstantiated so DYOR but remember where you heard it first!

regards

[rainmaker] 04/9/2006 11:51

Thanks will check

regards

[rainmaker] 31/8/2006 11:41

Note that MM have squeezed the spread which is often a precursor to a large increase in price. I don't think there can be any doubt they are short of stock and keen to cover as upside potential from current levels is huge. Also note that bought stock above the bid at 18.85p v 18.50p which is telling!

regards

[rainmaker] 31/8/2006 11:38

Arthur-check the latest RNSs-could be mistaken but don't believe I am.At current levels it's a no brainer, surely?!

regards

[arthur_lame_stocks] 29/8/2006 17:28

Looking at the latest balance sheet they had net debt of nearly 19m pounds.

I would still be very wary if this, but of course if it works out it will be a multi bagger.

[rainmaker] 29/8/2006 11:13

Hi Arthur-Do you mean financially or operationally? I presume you mean financially-if you look at the new balance sheet it has large net cash position!

regards

[arthur_lame_stocks] 25/8/2006 13:19

Very Highly geared though and it could still go broke.

[rainmaker] 25/8/2006 11:36

Unsurprisingly moving up but share price was so very low that given it's fundamentals(it's trading at less than half of it's liquidation value) it's very hard to imagine it doing anything else. IMHO BUY

regards

[munin] 29/7/2006 20:03

drectly,
By now, I believe they must have learnt to live with SAP.
Difficult to assess the cost of that little exercise, but I wouldn't be surprised if the true cost was in excess of £10m. Possibly well in excess.
But look on the bright side. I do not believe this company will be wasting any more money on such ludicrous purchases in the near future, or indeed ever.
As for high stock levels, I doubt we'll ever see such high stock values on the balance sheet again.
I'm in at an average of 19p. So, I'd like you to get in yourself. And any others who might be scratching their balding heads and wondering.
You've missed the worst. I hope.
Munin

[hybrasil] 29/7/2006 07:08

Rainmaker- Are you Peter G?