Acertec Share Discussion Threads

[l0wrdr] 20/2/2009 08:52

THIS IS BEING SPAMMED WITH CLAIMS OF 15P BID, DO NOT BUY!! DO NOT LISTEN TO WINNER2 HE IS A PUMP AND DUMPER

[charo] 16/12/2008 11:45

surely announcement of major redundancies at pows will have effect on results and cash,where is rns.

[charo] 12/12/2008 14:23

ominous silence on refinancing.

[charo] 31/10/2008 10:45

trade rumours say about to go under.toolmaking company in admin as a result of stadco non payment.

[charo] 17/10/2008 11:09

the suspension of wagon does not bode well for acertec.the board must surely be considering a profits warning as their volumes must be well down.

[charo] 04/9/2008 16:20

so far asset sales result in massive losses.albeit non cash.but balance sheet will be decimated.negative equity value and enterprise value.

[roshlal2006] 01/8/2008 15:14

ACER, Is it a take over target, has short term problems, due to economic conditions, but which shall be replaced by booming contracts from the middle east, china, India, and the far east, I suspect the share price will recover some of its loses to a near 33p level, all depends how bad are not the results, a good global company.

I say long term buy, for big returns.

[charo] 31/7/2008 11:44

do the math.if operating profits recover in 2010 to 2007 levels then on a pe of 10 enterprise value 20 million short of borrowings.negative equity.if write offs and cash implications are compounded by unfavourable litigation results shortfall could be 50 million,negative equity.if trading deteriorates in con and in stadco as result of lost benefit via st petersburgh,ford wont be happy then administration is a possibility.even if major sharholders decide to double up to save 50p in pound,better than nothing others will be diluted out of sight.be carefull.

[charo] 30/7/2008 15:36

this is a terible statement.leaves a lot unanswered.where are they with the refinancing.this board have been remiss in their silence.when were they aware of the legal probelms in asia and signapore.when did they accept they could no longer support the ill judged russian venture.the market has been left hanging for two months .the fsa should look into this.with tanfield and collapse of wagon the auto/COMPONENTS SECTOR IS BEING SAVAGED.

[charo] 22/7/2008 10:36

one would expect that there is no bad news to come as j cook was fd of universal salvage when it was fined heavily for not releasing info about matters including loss of business and poor trading.he would not want it to happen again.

[charo] 08/7/2008 09:49

scary silence.market cap 1 times earnings if acconts are real.what gives.

[charo] 09/6/2008 11:48

profit and trading warning imminent.

[charo] 21/5/2008 09:33

need to find 10 million by july to fund their proportion of jv or become minority partner.still negotiating current loans .cant see who will lend .

[charo] 04/4/2008 15:12

price 85% off high.40%down over the month.borrowings set to increase to stand still.if recessionary pressures hit will quickly be in more distress.at best break up value debt free say 80/90 mill,debt current 90mill equity value nil.
banks given them time to sell either stadco or construction divisions to reduce debt.will there be enough demand to allow price premium needed to eliminate debt,doubtfull.

[cerrito] 02/4/2008 16:16

Looked at these about a year ago did nothing and had another look with the final results.
I think I will pass....they are correct to say they are looking at reducing their current levels of debt which given their stretched balance sheet is a priority but could not see how it could be easily achieved.
While I note they have a stay of execution with Barclays syndicate until April 09,I also noted their comment of continual tracking of compliance with bank covenants.
My basic conclusion is that they have insufficient margin for error, bearing in mind uncertainties not only in the overall auto market but also how well their clients will do; the Russian j/v and there were too many comments on margin pressures for my liking.
Did not get a good handle if capex could be reduced from 2007's £9m+
I agree that alot of this is reflected in the current share price and marcap of £16m and a sense of good management came through but life today is too short.

[charo] 31/3/2008 16:02

accounts overdue,banking problems.?

[charo] 22/3/2008 11:26

strange decision.what benefit to acertec shareholders in this jv.prev russia touted as great move then they could not finance on their own now they give it away to a stronger player.jv in russia owned by holding co , inc in spain ?
shareholders will suffer.

[vwrich] 22/2/2008 21:04

intresting , could be worth a punt , large buy today also looking on news info they have aquired more factory space. any views?

[shopper21544] 08/2/2008 10:16

This looks interesting to me, though I see they are looking to recruit a FD and I reckon (s)he will be crucial in reviving performance. If they get a good one, then maybe a buying opportunity later in the year. Board looks like it needs an injection of youthful energy.....

[charo] 18/1/2008 09:44

needs radical changes.hive off auto side and sell maintaining constrution products.auto side needs to stop chasing rainbows.russia will be a disaster and eat up cash.notwithstanding jv.streamline ops and improve margns even if this means giving up some very low margin auto volme business.

[labatie] 09/10/2007 08:57

I've only just picked up on this.

Can anyone tell me whether the high debt is the main reason they've performed so badly since the interims? Low PE + high yield seems on the face of it to spell downgrades, or has the mkt just hit it on the debt/credit difficulties equation?

[karorinz] 24/9/2007 16:07

Anyone out there know the reason for today's drop?