Abbeycrest Share Discussion Threads

[rainmaker] 15/5/2007 11:56

Looks good but I need to have a look at figures in more detail.Company has been ruthless in its weeding out of surplus costs and should do very well once their market is an upturn in it's market

regards

[shims] 15/5/2007 11:50

Anyone knows why they are hiding todays volume ?

[shims] 15/5/2007 11:50

any reason why todays trades are not shown ?

[guru11] 15/5/2007 10:46

Looking at the figures the operating profit for the first half was a loss of £1,399k whereas in the second half it was a profit of £3.837k making a total operating profit for the year of £2,438k.

However if the debt of £14m is very close of that of capitalisation, and how is the finance costs made up of £3.2m which appears to be quite high to me.

Are we looking at £3m finance costs for next year as well, as this figure appears constant in the 2006 and 2005 accounts?

There could be room for the eps to grow, but the company does appear to be weighed down by finance costs. Needs more investigation or answers here.

[nickcduk] 15/5/2007 10:29

The business is very much second half weighted. I imagine they sell most of their products over christmas and hence the weighting. They reversed a first half loss of 1.37m into a profit of 1.67m in the second half. This time around the management is more focused on the business rather than having to worry about the financing etc that dogged the first half last year. That and the reduced cost base and better working capital management should mean the first half this year will be much stronger. I wouldn't be suprised if profits hit more than a million this year. That would be about 4p in earnings. If they can reduce debt markedly the shares should move back to trading near to TNAV again.

[guru11] 15/5/2007 10:19

If the loss per share at the half way stage was 6.2p and at full stage it was reduced to 1.9p then did they make profit in the second half of 4.3p per share?
But is their business weighted towards the second half of the year? Needs more investigation on the actual figures though. As said above though it is handy if the stock is liquid as well.

Limits each way online 10k at 18.15p / 19.85p

[wiganer] 15/5/2007 09:37

Buys aren't showing yet, not even my little £2k buy from just after 8am!

[dickyno1] 15/5/2007 09:34

THESE STOCKS ARE O.K IF YOU CAN BUY AT THE BOTTOM.

[dickyno1] 15/5/2007 09:31

A LITTLE TO RISKY FOR ME. THE COMPANY SEEMS TO BE AT A VARY EARLY STAGE OF RECOVERY COULD GET WORSE IN THE SHORT TERM.

[quotes_4_u] 15/5/2007 09:13

Thought you all might like to see the real prices here as there's
been no trade.

18.32p bid for 15000 v 19.85p offer for 15000.

[wiganer] 15/5/2007 07:50

"Abbeycrest Thailand
The gold factory has performed well in the first half and efforts now centre on
broadening the product base which is manufactured here as well as tightening
manufacturing efficiency. The latter improvements will provide most benefit in
the second half of the year.

The gem factory had a difficult first few months of the year due to problems
assimilating the production transferred from DCL's Chinese sub-contractors.
These issues centred on replicating the required specifications and have now
been overcome."

[wiganer] 15/5/2007 07:42

£5m Market Cap

£15m TNAV

[wiganer] 15/5/2007 07:42

Market Cap £5m

£15m TNAV

[wiganer] 15/5/2007 07:40

Don't forget the NAV cover-it's not like their stock is flaky service work in progress or tech kit.

[nickcduk] 15/5/2007 07:38

The scale of improvement from last year is amazing. The second half was free of all the distractions of the first half. As the first half issues won't be recurring this year the full year performance should be a big improvement again. This looks like a classic turnaround story and the with the PSR being as low as it is, the potential risk reward ratio looks very promising.

[wiganer] 15/5/2007 07:31

Great recovery situation now. Bought a few this morning.

[wiganer] 15/5/2007 07:28

Agreed. Went long for the first time this morning.

[lqs] 15/5/2007 07:24

good looking recovery story here

[wilddonkey] 08/2/2007 21:31

Sounds stupid but I get the feeling there's an overhang. Any time at all the price shows signs of strenth, it rises 10-15% then just runs into this overhang and eventually tails out, returning to the original value. My only hope is the guy with the overhang doesn't know something I don't.

[rainmaker] 08/2/2007 12:39

Fair bit of manipulation going on here-a purchase of just £2k worth yesterday and the MM collapse the price. Since then really nothing but buying.Think we could soon see a move to 30p

regards

[rainmaker] 01/2/2007 13:28

Hi Ben-Thanks, I don't think I saw the same Company twice!Hope you are still holding VIG and TTS!!!Party Gaming may be a Value share worthy of consideration, albeit probably at lower levels, around 20p

regards

[ben value] 01/2/2007 13:19

My tip of the year is doing quite well. Number 18 in a long list on motley fool.

[arthur_lame_stocks] 12/1/2007 16:41

I still think this will go broke this year.

[rainmaker] 12/1/2007 14:09

Back up it goes someone has paid 22p and 23 p this morning!

regards

[rainmaker] 13/12/2006 00:46

Appears that someone sold £1k at 20p and the share price falls apart from 20/23 to 17/20 although bought 2k just before the close at 20p

regards