Abrdn Property Income Share Discussion Threads

[philjeans] 30/3/2012 09:54

Quite a few selling to take their gains pre 5/4 for CGT.

I'll wait awhile - there'll be more buying in the new tax year.

[foxman14] 30/3/2012 09:13

Out for now, hope to get back in sometime at a lower price.

[philjeans] 30/3/2012 08:15

API Group PLC Pre Close Trading Update and Response to Shareholders' Letters
Date : 30/03/2012 @ 07:01
Source : UK Regulatory (RNS & others)
Stock : API Group (API)
Quote : 57.75 0.0 (0.00%) @ 07:55
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API Group PLC Pre Close Trading Update and Response to Shareholders' Letters
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TIDMAPI

For release 30 March 2012

API Group plc

Pre Close Trading Update and Response to Shareholders' Letters



Pre Close Trading Update

The Board of API Group plc (the "Group" or the "Company") today issues the
following update on trading for the financial year ending 31 March 2012 (the
"Period"), before entering the close period ahead of the Company's final results
announcement expected on or around 30 May 2012.

The Board anticipates that full year trading results for the Period will be in
line with management's expectations, with sales 14% ahead of last year at
approximately GBP114m.

The Group's net debt position is predicted to close the year favourably, with
net debt below the GBP8.5m reported at 31 March 2011.

The Laminates, Holographics and Foils Americas business units have all performed
well and delivered year-on-year growth in profits. At Foils Europe, weaker
volumes offset the impact of margin recovery due to lower raw material costs.

The Group's operations are carrying good momentum into the new financial year in
terms of order book and pipeline of new sales opportunities.

In Laminates, the installation of new production capacity to support the
previously announced five year supply agreement with a major consumer goods
customer is well advanced and the project is on track to commence supplies
during the first quarter of the new financial year.

Response to Shareholders' Letters

On the 8th and 9th February 2012, the Board received open letters from its two
largest shareholders, Steel Partners Holding L.P. and Wynnefield Capital Inc,
suggesting that an auction process be commenced with the aim of securing a
general offer for the Company's shares (the "Proposal").

The Board has given careful consideration to the Proposal, taken financial
advice and consulted with its major shareholders. Consistent with previous
announcements, the Board expects significant incremental volume growth
associated with the Laminates investment referred to above. Barring unforeseen
developments, the Board has concluded that it would be in the interests of
shareholders to explore a sale process during the third quarter of calendar
2012 when the benefits of that project are more visible and will update the
market on the formal commencement of any such process.

In the event that the situation changes and any announcement is required, the
Company will notify the market without delay.



API Group plc Tel: +44 (0)
1625 650334
Andrew Turner, Group Chief Executive
Chris Smith, Group Finance Director

Numis Securities - Broker Tel: [phone]
James Serjeant

Cairn Financial - Nominated Adviser Tel: [phone]
Tony Rawlinson

[philjeans] 30/3/2012 08:13

There it is; a very bullish update and a trade sale in the third quarter.

Excellent news - all to play for now.

Strong BUY.

[philjeans] 27/3/2012 14:37

There was a pre-close T/S last year on 8/4; be interesting to see how things are going now.

[philjeans] 21/3/2012 12:20

Lots more buying today, after the recent sell-off - have I missed something?

[hjfe] 09/3/2012 14:08

Well above average daily volume here. There does seem to be some accumulation going on at these levels.........

[philjeans] 09/3/2012 13:14

In demand; Steels thought they were way too low at 40p - how about 100p?

Enough?

[hjfe] 09/3/2012 13:11

Someone just paid 68p for 10k when the ask is 66.5p?

[nickjoseph] 09/3/2012 10:05

UkInvestor. Thanks I saw this but this is old news. I was looking for something a bit more recent. cheers anyway. Sold 8k of my holding a month ago at 42. should have held on, but put it into molins which is doing ok as well, but not as good at API is.

[hjfe] 09/3/2012 09:39

Any thoughts on a sensible price should a sale be agreed?

[ukinvestor220] 09/3/2012 09:27

Did you not see this:

[nickjoseph] 09/3/2012 09:24

I am a holder here but wonder why the big rise on no news, or is it just buyers pushing it up. Was it tipped somewhere..

[hjfe] 09/3/2012 08:48

With a breakout like this it doesn't seem out of the question..........

[aishah] 09/3/2012 08:45

looking good for my 10 bagger exit price of around 90p

[hjfe] 09/3/2012 08:44

Volume seems well up today.........

[cockneyrebel] 08/3/2012 20:46

fabulous the way these have gone, great bowl too.

I'd feel a tad more comfy it it was on better volume rather than a few tiny buys but happy for the rise.

CR

[philjeans] 08/3/2012 20:37

Classic isn't it?

[chrisb1103] 08/3/2012 16:47

Great move up today, one of the best bowls around? Be great to see this go vertical to 80p - not ramping, just excited ;-)

[philjeans] 08/3/2012 15:24

Yes - buy or sell; they're all being soaked up as soon as they appear!

Several funds accumulating here now............

[chester] 08/3/2012 14:35

Breaking out.

[philjeans] 07/3/2012 11:44

Fair enough foxy; a profit's a profit.

I'm happy to wait - sure they'll be corporate action here this year and meanwhil the business is going well.

[foxman14] 06/3/2012 18:35

Sold 25% of my stake over the last couple of days as I had set a target of 60p in my head sometime ago. I know things have moved on since then but.... If it drops back below 55p I will probably buy it back.

[philjeans] 01/3/2012 11:55

and not a seller in sight!

Lovely jubbly!

[philjeans] 01/3/2012 08:02

A nice fat 50k BUY after the bell yesterday at over the ask.

Encouraging.