Abbeycrest Share Discussion Threads

[hybrasil] 12/11/2004 08:14

I have been following these carefully for the last six months . From a situation of virtually no trading over the previous 5 1/2 months volume has been huge over the last two weeks- roll on the results

[hybrasil] 08/11/2004 13:47

OK,YAH. It was the asset position that attracted me in the first place. I agree it now looks very cheap

[ok,yah] 08/11/2004 13:12

Not a very liquid share so it doesn't take much to move it up (or down). But the uptrend has been intact for a while now and theres no suggestion that it will be broken.

Analyst estimates for full year are 8.77p Feb 2005 13.05 for Feb 2006. At very conservative price to earnings ratio of 10 this gives price targets of 87p short term and 130p within a year. The company of course can be seen as an asset play as well.

Looks cheap to me.

[blueliner] 07/11/2004 18:56

Re ASDA jewellry dept seems busy in good store position next to George
at the end of the main crossing lane that links all the aisles.

[hybrasil] 05/11/2004 11:58

more trades today

[hybrasil] 04/11/2004 08:25

OK Yah
I reckon we could do very well here. Particularily if they up the dividend which has to be a possibility.
Lot of trades(for this share) yesterday. I expect this will continue up to the results. I am considering buying a few more!

[hybrasil] 03/11/2004 12:59

I reckon about the 25th

[ok,yah] 03/11/2004 12:05

I bought a few as well. Any idea when results due

[hybrasil] 03/11/2004 10:38

looming results. I think the press and the markets will wake up to this story which is one of recovery against a background of a strong asset value.
Look what has happened this am. Couldnt resist bought some more today

[hybrasil] 01/11/2004 17:38

m trade of 10000 this evening -looks promising

[munin] 24/9/2004 20:11

Hybrasil,
If I knew what to look at, I wouldn't be sat here writing these crumby postings, like some old saddo.
At the moment, I'm biased towards Oil&Gas and Mining. And I've had a reasonable run. I'm of the mind that these sectors still have mileage in them, but I've been wrong before ..........
And one more thing. I'm an ex-holder of ACR, and although I got out before the worst, it still rankles with me that value was destroyed through incompetence and ignorance at the highest levels.
So, some of my comments might be slightly jaundiced.
I would be interested to hear what John Lee's current views are on ACR. I do not think he has mentioned them at all this year, though he did have them in some real or imaginary portfolio at some point last year. Have I missed something, and has he in fact commented on them this year?
munin

[hybrasil] 21/9/2004 12:58

munin
Thank you for your well put together note.
One of us is wrong and obviously I hope its you but I appreciate your lengthy post.
Anywhere else you would think I should look at ?

[munin] 19/9/2004 00:00

Sorry about the delay Brazil,
a) The discount to NAV
This company has always traded at well below NAV. It might be that their assets are not as highly regarded as they themselves regard them. But I don't know. Maybe you have an opinion on this puzzle?
b) The substantial proprietorial interest
Probably a weakness. In the past, whenever The Big Man had a funny turn, there was nobody around big enough to tell him.
c) The fact that the company seems to have turned the corner to profitability
The fact that a company returns to profit might be a reason for celebration for you. But ask yourself how they turned a £4m, or £5m or whatever, into a loss. And why they look no nearer ever returning to those levels of profit.
d) The dividend
The dividend is probably being paid because the Big Man needs it. It ain't doing the company any good. I reckon they should pay off some more of them thar debts. Only a few years ago they paid about 6p a share divi. If they manage to do that again in the next 2 years, I'll do the traditional bare *rse & town hall clock.

Having said all that, although I firmly believe that this company is going nowhere, there is always the chance of some deal.

But I'm staying out. I wish you luck.

[hybrasil] 16/9/2004 21:33

ok,yah
I have a holding in 600 group (sixh). On my radar is Malcolm though I have not bought.

[blueliner] 16/9/2004 14:39

Asda have revamped our local store, told there is a new jewellry dept.
ACR say little about their business with ASDA but a recent write up on I think it was Signet flagged up ASDA as a heavy competitor.
Must go see new dept when broken ankle mended.
Recent price spike lifted spirits while incapacitated.

[ok,yah] 15/9/2004 10:36

hybrasil,

I think ACR could double in a year with a favourable wind but may not do much before results. At least thats what i'm hoping so I can get in.. Do you have any other value shares you are looking at..

[hybrasil] 14/9/2004 21:32

ok,yah
Many thanks for your long post.
I had a look at the other shares. I traded HHO last year and made 25% on my investment. . Personally I dont see value in css and warner but I will follow them. I see about a 20% rise inacr from here.

[ok,yah] 14/9/2004 21:09

hyberasil
Ive been watching these with a view to buy but have erred on the side of caution and have then been tied up in others as they've risen of late. Bought at 54p in my fantasy portfolio though!
Look a good value punt even with the 20% rise in the price of late. Looks like an institution may be picking some up as well. On the downside there is always some risk of more unforseen disappointment and the lack of liquidity in stocks like this can cause pretty wild fluctuations.

On the whole though this looks to me like one of the cheapest stocks around IF the company delivers. Am still looking to buy but probably wont buy over 70p as look to be other bargains as well. Also like HHO which looks oversold, nice divi; CSS like ACR - long suffering but about to turn corner; and WCRX (cant believe how cheap it is).

[hybrasil] 14/9/2004 07:57

any one any views as to these now

[hybrasil] 09/9/2004 18:12

this seems to be beginning to motor

[hybrasil] 04/8/2004 10:01

I bought some more this am at 58p. This is the lowest that I have paid

[hybrasil] 03/8/2004 16:24

a) The discount to NAV
b) The substantial proprietorial interest
c) The fact that the company seems to have turned the corner to profitability
d) The dividend

[munin] 21/7/2004 20:18

Hybrasil,
I suspect that the reason why nobody takes any interest in this BB, is because the last 5 years performance has knocked the stuffing out of any investors, or would-be investors.
Despite continuing encouraging noises, loudly trumpeted on-target achievements, and the painfully slow reduction of an almost crippling debt position, this company is still producing profits which are lower than any in the last x number of years, apart from the disastrous figures for the y/e 02/03.
What exactly is it that attracts you to this sad pup?