Abbeycrest Share Discussion Threads

[cockneyrebel] 02/8/2009 16:28

I think the financing is pretty much sorted WD, from the way they speak - would be crazy a co like this having the rug pulled when they look like they are well on the way to a strong recovery to me.

CR

[wilddonkey] 31/7/2009 15:06

Since noone else is saying anything: if you remove the exceptionals of roughly 8m, they made a profit of around 1m, which is not bad for a market cap of 3m.

The exceptionals were a little over 5m for restructuring, hopefully this will not recur, and a little over 2m in what appears to have been stock writedown (which does hurt the assets, but not really a major ongoing problem).

The question is can they sort out their short term financing issues.

[wilddonkey] 28/7/2009 10:01

Well Rainmaker ?

[cockneyrebel] 22/7/2009 06:05

LoL - Hate Trader has held a few of these that he bought right at the bottom and while they have risen 50% he's never mentioned he had bought until I buy lol.

It beggars belief!

No mention of the results, no mention on yesterdays trading update but suddenly once I buy you've been holding all the time.

Just happened to mention it 6 months later, the day I buy, when I'm filtered too - haven't thought to chat to Rainmaker before about it lol!

The lying toe rag that spends his life calling others a liar.

CR

[rainmaker] 21/7/2009 23:52

Let me check a few things

regards

[8trade] 21/7/2009 23:43

I hold a small lot from 7p Rainmaker, looks like it may come
good now medium term.

[rainmaker] 21/7/2009 11:59

CR, I'm going to do a lot more research on this one. Let me come back in a day or so

regards

[cockneyrebel] 21/7/2009 11:54

I agree.

I had these at the top of my watchlist before yesterday and was caught out by the trading statement yesterday. I was surprised to see it unmoved so spent yesterday double checking myself but decided to bite the bullet today before others did.

Picked up 40k below 10.5p in 2 trades. Feel that's probably enough for now until they reveal more. The move to higher margin stuff has to be the right one - I have a mate importing cheap chinese tat and selling it over here - tough to compete with that but while it's possible, why bother? It's the labour in this stuff and if they have the skills out in the far east to make quality higher maring jewellery then that has to be the direction imo.

Has all the ingredients, business chage of plan, director changes etc so looks a prime recover stock imo.

Anyway, seeing you in here is a bit reassuring - cheers.

CR

[rainmaker] 21/7/2009 11:46

Yep CR, How many do you want to buy? No, seriously I'm a large shareholder and will continue to hold. I saw the recent statement which I found encouraging and it offers plenty of hope for the future. IMHO The management have done a great job, cutting debt, stock, reducing the Co cost base etc The move into higher priced jewellery with larger margins should stand the Company in good stead. IMHO definitely one to buy and hold at current levels

regards

[cockneyrebel] 21/7/2009 11:28

I've been buying today Rainmaker - you holding at all?

CR

[rainmaker] 17/3/2009 22:39

Agreed Fo77y. In my estimation the new CEO has done at excellent job with all ratios moving in the right direction and it would have been a great shame if they couldn't have refinanced the Company to allow it to continue to trade. I guess that Abbeycrest's strong balance sheet pulled it through.

regards

[baner] 17/3/2009 11:15

pls see my comment on Aug 6th last year - this excellent management team have now indeed secured the financing through the turn around phase - a 1st class achievement and obtainable only on the basis of a credible action plan and team. abbeycrest should still be heading for earnings of 5p/share in a short/medium term perspective - with more to follow long term. with very limited capex onwards, debt repayment will be strong and allow the company to pay a dividend in a couple of years time - unless having been taken over by then of course! risk now reduced - upside as good as ever! strong asset backing an additional temptation!

[fo77y] 17/3/2009 09:11

Well, have just bought some of these......... looks a good prospect, now the refinancing has been arranged, re-structuring of business etc. Think i'll keep this one tucked away for a while, see a good upside to it.

Any comments/opinion welcome

[blueliner] 21/8/2008 20:24

Is there anyone left of the original board

[8trader] 06/8/2008 11:27

Thanks baner.

I'll keep a watch on it, currently wins are pushing this much higher
and they are 1.25p higher than the next bid which is 11p.

[baner] 06/8/2008 11:04

Re "8Trader"

the now ousted chairman had a really bad reputation amongst investors. the new man is re-focussing the group, significantly cutting costs and growing the international business. last year´s underlying performance was OK and as some growth and cost cutting comes through in this year, EBT should reach maybe £2m. even with full tax (which they should not pay) EPS would thus reach 5p. the divi will be held back by the burdale facility but as cash flow is positive and stock quite liquid, there should be good chances for A to refinance in a medium term perspective. higher than average risk for sure, but these shares could clearly come back to their NAV - at 40-45p/share - in 1-2 years time. no doubt an attractive risk/reward at 12p.

[8trader] 06/8/2008 08:00

Not sure what is driving this one up, volumes have suddenly jumped
but the Chairman who left yesterday was recently buying plenty and
this might be the reason, he holds 16% so this chunk might go into
the hands of a potential bidder, if not then i'm lost as to why the
sudden interest ?

[wilddonkey] 05/8/2008 22:11

Lever leaving, any comments ?

[jaykaytee] 28/3/2008 10:43

I've been watching these for a while. They've been loss making for a couple of years which is reflected in the share price. However Peter Gylennhammer has been steadily building up his stake in the company, most recently he bought over 100k shares at approx 16p. I wonder what he sees in the company that others don't. Any comments would be greatly appreciated.

[baner] 22/11/2007 10:55

really good news re AGILO Ltd coming in as 10% shareholder today - serious turn around investors who will not sit still for sure. NAV is 3 times market cap today so there is HUGE upside in this if they get operations right.

[wilddonkey] 29/10/2007 22:49

Anyone got a list of the major shareholders ?

[wilddonkey] 29/10/2007 22:49

That is a very scary thing to say. I'm sitting patiently on a 50% loss - I have no doubt it will pay off in the long run, if given the chance...

[baner] 28/10/2007 22:34

MBO is the most likely outcome but it will take some time to sort the financing out.

[rainmaker] 06/8/2007 23:44

New Church's arrival as a major shareholder is also a positive factor by removing weak holders(sellers) and reducing liquidity.

regards

[rainmaker] 26/7/2007 17:42

Hi WD-sorry about the delayin responding as I have only just seen your Posting-unquestionably the financial performance of the Company has improved greatly, returning to profitability, reducing stocks and debt. Given it's miserly rating it is difficult to see the share price going any other way than up. Thanks for drawing my attention to posts on iii boards, will definitely have a look.From what you have said it looks like a new broom might be needed.


regards