Abbeycrest Share Discussion Threads

[robcoo] 31/1/2005 11:02

Thanks. It was really his comments on other companies that interested me. I gave up on Abbeycrest some two months ago, thank heavens.

[hybrasil] 31/1/2005 09:51

I am technologically inept.
He merely said he was selling it because everything had taken so long and the last results were the final straw.

[robcoo] 31/1/2005 08:53

I missed the article since my FT did not come on Sat. Could you post it on the web?

[hybrasil] 31/1/2005 08:19

I thought we might get a few sales from Mr Lees article but surprisingly we have not

[hybrasil] 30/1/2005 18:44

The only comfort I take here is that I started visiting companies as a result of John Lee .
I believe him to be the most knowledgable and practical financial journalist covering small cap shares - but equally I know he has not visited abbeycrest recently.

[blueliner] 30/1/2005 06:24

The only buy signal I'm waiting for is Chairman Lever's departure coupled with the sale of his large holding.

[hybrasil] 27/1/2005 08:54

Munin
I mainly invest in assets as I have found over time the market values these. Here you can buy 28m for 12m.
No I didnt discuss the litigation (completely forgot about it to be honest).
As to G&A thats where I spent most of my time - perhaps it has lacked a little commercial direction but I left with an overall positive impression.

But I think you should trust your judgment (as I shall mine).

[munin] 26/1/2005 19:25

Hybrasil,
Whilst I can try to believe that after 4 years they might have managed to sort out their IT problems, and have succeeeded in cutting costs, and both reduced their stock and debt levels, I'm still worried about their deteriorating trading postion.
What news have you on this front?
Did you find anything more out about the litigation with the ex-gemset supplier?
Did you ask why the main, and most troublesome, trading subsidiary, G&A, seems to average about one new MD a year?
And what has convinced you that this bunch, who "have been determined to make this thing work" for a number of years, are any nearer achieving this?
I do want to believe that this is worth another crack, but it will take more than a cadcam toy to convince me.

[blueliner] 21/1/2005 09:27

Blimey that was quick

[hybrasil] 20/1/2005 21:16

Munin
Are you in the business?
I spent two and a half hours there.
Look the share price is wrong. The assets are there.
They are determined to make this thing work.

I was most impressed by their cad type jewellery design system.
In time this will come right.
Have faith!

[munin] 19/1/2005 20:39

Hybrasil,
It is not impossible to make money manufacturing in Britain.
I believe that the only successful company within the ACR stable is Brown & Newirth, a wedding ring company that Abbeycrest took over three or more years ago. They manufacture AND make money.
Also, ACR have been sourcing increasing amounts of gem set products from the far east since at least the late 1990's. Through this time, the Birmingham manufacturing business was being slowly but surely wound down. They have never had a major impact on the poor financial results.
But no doubt, Michael Lever will put you in the picture, as to the real causes of the on-going decline.
We all look forward to hearing the report of your trip to Leeds.

[blueliner] 17/1/2005 10:44

Hybrasil - assuming Lever lets you in, what are you going to achieve?
Why not wait until AGM.

[hybrasil] 17/1/2005 09:44

Munin
I am getting out a bit more. I intend to go to Leeds to visit abbeycrest.
Whence the buffoons bit?
Did they not simply have the same problem as every manufacturer namely that it is impossible to make money manafacturing in England.
Now they have moved.

[munin] 14/1/2005 19:34

I am an ex-investor.
In those days ACR were clearly undervalued,(are they ever anything else?), but at least produced good profits and paid healthy dividends.
I was already thinking a couple of years into the future, and allocating my, (as yet invisible gains), to various projects.
Then it became clear that the company was being led by incompetent buffoons, to the brink of disaster.
I had to make a hasty exit.
But it was not I who was a bad investor, (of course), I blamed the clowns in charge.
And they are still there.
Also, I would hate to see the price rise back up above £1, and prove that I was a chicken for getting out in the 80-90p range.
But if you think I dislike Abbeycrest, I suggest you get out a bit more, and visit the Ample/iii BB. There are some really bitter and twisted people on that board.

[borgman2] 14/1/2005 19:23

Abbeycrest Uk Managing Director Andrew Clarke left about 2 months ago but they have not mentioned that anywhere as far as i can see!

[hybrasil] 14/1/2005 10:59

munin
you certainly dont like Abbeycrest
Why?

[little beaker] 13/1/2005 14:53

Maybe worth a recovery play. ADVFN says over £1 tangible asset value... is that correct?

[scumdog] 12/1/2005 10:39

Having said that the company's market capitalisation (according to ADVFN - so may need checking(!)) is just £12.18m. Further downside from the current price must surely be limited - unless trading and cashflow deteriorate significantly.

What concerns me is that Signet appears to be trading satisfactorily but Abbeycrest isn't, so the problem in the main seems company specific.
Market may be losing faith in management?

[scumdog] 12/1/2005 10:15

Fortunately not.

[hybrasil] 12/1/2005 07:47

well done scumdog

do you hold?

[scumdog] 12/1/2005 01:33

Scumdog - 24 Nov'04 - 13:03 - 68 of 82 edit

These results are poor.

Holders should brace themselves for a profits warning in January.

06/01/05 08:29 AFXF Abbeycrest warns on FY profit


This was so obvious. The interim results foretold the likely scenario.

[hybrasil] 11/1/2005 15:58

munin
bought more again at.48