Abbeycrest Share Discussion Threads

[baner] 15/1/2010 11:03

the recent placing of shares should have secured the "going concern" situation of Abbeycrest - they cannot seriously mean that they are not in a position to repay this £1m shortly after the placing - what will be the board´s responsibility if this would indeed be the case - are they liable towards investors?

[jdung] 15/1/2010 09:16

no trade at all, only debt has consider...
so for long time holder, not for short time trade at this company..

[lomax99] 15/1/2010 08:08

Positive statement considering the adverse market circumstances, exchange rate fluctuations and increasing price of gold.

Last year they also released a more detailed 'Condensed Consolidated Interim Financial Statement', which was available for download on their website - hopefully they will be doing the same this year, so that we can see the underlying numbers.

[knowing] 15/1/2010 07:41

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.

[knowing] 05/1/2010 11:24

Seems to have woken up.

[lomax99] 05/1/2010 10:39

An IMS should be due shortly, in the last two years one has been released in early-mid January.

[munin] 13/12/2009 15:42

"Boom Time" and ACR are mutually exclusive .....

[lomax99] 10/11/2009 12:52

It should be.....

[knowing] 10/11/2009 09:01

Is Christmas a boom time for ACR?

[wilddonkey] 23/10/2009 08:04

Nice to see exceptionals ADDING to the bottom line for once. Hopefully this is the start of a turnaround for the price, although if the business really starts to do well and price does not respond quickly I think Gyllenhammer is going to take them out on the cheap.

[daz] 23/10/2009 07:02

Yes, certainly heading in the right direction, although there is caution for the second half.

[daz] 20/10/2009 14:42

CR - Out of interest, where did you find out that results are in 3 days time? I can't find an RNS or anything on the website to that effect.

A few buys going through today, so interest is picking up. Gyllenhammar now owns 28.8%, so could make a bid anytime.

[cockneyrebel] 20/10/2009 14:27

Moving up, results in 3 days.

Peter Gyllenhammar taken 15m recently.

CR

[rainmaker] 11/10/2009 18:27

No there's 73.55mln shares.

regards

[knowing] 29/9/2009 14:26

Gone blue for a change.

[knowing] 24/9/2009 09:26

Exactly Daz so may look further into this one.

[daz] 23/9/2009 20:29

Depends a lot of course on the next trading update but if this is positive, it certainly has the potential as it's quite illiquid so could move very quickly on good news.

[knowing] 23/9/2009 17:48

Just wondering if this will be another share who's price doubles now that funding is agreed? It has happened to so many at present and the interesting thing is that there are only 28M shares presently in issue.

[knowing] 23/9/2009 15:17

Look like there may have been some good news at the AGM.

[cockneyrebel] 23/9/2009 12:45

Quite a bit of buying today again - people that have been to todays meeting?

Funding all agreed - would have thought the funders would want some assurances on trading.

CR

[cockneyrebel] 22/9/2009 13:27

Looking lively today :-)

CR

[cockneyrebel] 17/9/2009 11:46

Closed up nicely yesterday - bet bit of buying I've seen here for a while. Results were Oct 23 last year so perhaps the start of some buying ahead of that date.

CR