Abbeycrest Share Discussion Threads

[jeff h] 14/10/2003 23:07

Ahhh notice that Amro's have re-iterated their Buy stance (13/10/03)
and moved the EPS figure up slightly.

2004 P £4.0m EPS 10.64p D 3.0p
2005 P £5.5m EPS 15.04p D 4.0p

Can't believe nobody is interested in this share.

[jeff h] 14/10/2003 19:21

A few trades starting to appear. When I bought 2,500 Friday it moved
the price up 1p, so I'm surprised there wasn't more movement today.

No Trading Statement/Profits Warning so far, so I'm hoping all is well
when the results are published (this week?).

This could well move substantially on results....I just hope it's north !

[jeff h] 05/9/2003 10:24

Pleased to see that Signet reported increased like for like UK
Sales on Wednesday.

Abbeycrest sells to the major High St retailers so that should be
beneficial.

Just as important though are margins/returns/stock/debt. With the
company recently saying that the stock position was 75% of the
previous years, I'm keeping my fingers crossed.

[santangello] 27/8/2003 22:01

...Jeff,

Quite a significant rise today for you my friend, against a backdrop of nearly equal buy/sell ratio (49k buys vs 40k sells me guesses), lends nicely to the theory that MMs are liquidating the stock.

With continued interest, these should surely continue North, unless the MMs play silly games.

My fingers are crossed for you.

Santangello

[jeff h] 27/8/2003 18:19

Thanks Santa !

The risk/reward balance looked appealing so I took the plunge.

Actually added another 2.5k this morning... seem to be far more
liquid now....perhaps the MM's were reluctant to sell at a perceived
low price, as my Broker couldn't get 3 of them to Sell at the screen
price on Friday.

See you for lunch Friday !

[santangello] 27/8/2003 08:51

....well Jeff, with your recent success, me thinks anyone should at least listen to your words...seeing as you put so much into your research.

The relocation to Thailand should help with cost savings and as you point out, if stock is moving this will filter through positively in the results.

Wal-Mart have aggressively moved ASDA up to No. 2 in the supermarket charts, and this can only enhance ACRs relationship and profit levels with the products supplied to them.

The price seems to have moved along since your initial purchase, with other buyers nipping in too. Trend looks good from here.

Good luck,
Santangello

[jeff h] 26/8/2003 18:29

Nothing written on this stock for the past few months, so I thought
I'd add a new thread to try and create a bit of interest.

I bought in on Friday, though had a job, can't even Buy 2500 electronically.

Hopefully it's stock problems are a thing of the past...if it gets anywhere
near the Broker Forecasts for Feb 2004 (£4m pre-tax EPS 10.9) and
£5.5m and 14.1p for Feb 2005.....then surely a re-rating will follow.

With recent sales figures ahead of last year and debt falling sharply as
the stock is turned into cash....I thought it was worth a flutter.

Cost savings should also come through....anyone have any views or
recent news ?

[blueliner] 24/1/2003 21:22

Re: Citywire write up on todays statement.
At least they're still covering Abbeycrest even if their spelling's a bit weird & its free to read, obviously still sceptic.
But the interesting thing is at last someone in the company(Phil)has actually departed from the usual directorspeak and made a candid statement about the recent fiascos that give some frightening insights, you might ask who were the IT consultants. Typical though to speak to a journalist and not shareholders.
I am delighted to read that Asda/Wallmart is now a major customer etc.
Are we talking recovery buy!

[munin] 14/1/2003 16:07

The most senior management no longer know what they are doing. The next layer are just out for themselves. The remainder lack confidence in their leaders and in their own ability. There is a chance that the FD,Phil Walker is not as mad as the rest, but can one (lazy) man turn this floundering company around?

[blueliner] 14/12/2002 20:30

It is said that profit warnings come in 3s, one more to go!

[stealth117] 28/9/2002 11:12

The management of this company are either thick and stupid or liars.
Or even both.
-45% in a day, so much for moving your ops to a cheaper country. Everyone forgets it adds more systemic risk.
Well, now you know.
Will we never stop hearing "with a PE of 8 and a yield of 6% these shares are an attractive offer" ?

[blueliner] 28/9/2002 09:42

of not being able to see in front of their noses something that was
obviously around 2 months ago.
this crass management or whoever else is responsible should resign.
i join citywire in condemning this company to the loser's bin.

B

[seeybc] 27/9/2002 21:17

if twice covered [the divi]y dont they give the shareholders somthing ?its daft leaving it with these directors i feel] i can only believe that there is more of a problem out there ,,,,,,,,,,s e,,,,,,,,,,

[seeybc] 27/9/2002 21:14

well now what have all u clever advisers got to say ,,,,,,,buy at 55p i suppose,,,,,how big is the problem[s] in july they say all is well and in the september they r haveing a nightmare do these directors earn their pay do they know what is going on in this company ,,,,they dont guard shareholders intrests very well ,,,,,,,s e,,,,

[cochise] 26/1/2002 13:13

Chosen as new buy and nap for 2002 by John Lee in "Building a portfolio"-personal finance section of FT -sees "big profit growth as benefits of new overseas manufacturing,aquisitions in bracelets & wedding rings, and upgraded software begin to deliver".Good divi also.Looking to add a few.

[airrage] 25/1/2002 14:26

Decided to take my profits(bought at 85/86P)and rolled them into Umeco. Good luck holders.

[johnduffield] 24/1/2002 23:07

Anybody like to say what PE you think they should be trading at?

[hectorp] 24/1/2002 11:07

remember this is a HIGH margin producing company - excellent trading update today, the stock up 4p

from the RNS:

Abbeycrest Plc, the UK's leading jewellery manufacturing and distribution
business, reports that Group sales for the four month period up to 31st December
2001 were 20.9% ahead of that for the comparable period last year. Stripping
out the effect of the acquisition of Brown & Newirth Limited, the like for like
increase in sales was 15.1%.



Our UK jewellery retail customers have reported excellent trading during the
important Christmas season, and at this stage, it is anticipated that the
Group's result for the year ending 28th February 2002 should be in line with
market expectations.



Looking forward, we believe that the growing consumer interest in jewellery,
particularly for self-purchase, is expanding the market. This, together with
the entry of new high volume retailers, will generate opportunities for
Abbeycrest to exploit during the next financial year and beyond.

[2wild] 15/1/2002 13:33

ACR are still on a P/E ratio of less than 10 with profits for this year forcast to be up. With a dividend of over 5% as well.