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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Airsprung Group | APG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 30.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 30.50 |
| Top Posts |
|---|
Posted at 28/10/2011 22:17 by eipgam norian were doing work for APG |
Posted at 27/10/2011 14:48 by cockneyrebel A recommended 31p then - better than a poke in the eye I guessFarewell APG. CR |
Posted at 28/9/2011 17:17 by cockneyrebel whoever has bought it will have to make a bid if they hold any already.If it's Perloff he'll have to make a bid - I suspect tho that any bid won't be much better if anything than the 27p that lot got sold at. With over 30% he'll call the shots and I bet there's a lot of large holders that would like to get their cash out. Yate's have 9%, they'll sell imo. Hope APG get a better offer than 27p tho - that will be stealing them. CR |
Posted at 28/9/2011 16:36 by newbe Providing of course it is Perloff,I reckon he will make an offer that wont be acceptable so end up with a big shareholding,buy the property,have a special divi and rent back to the company,THIS IS NOT FACT JUST THE WAY I SEE IT |
Posted at 29/5/2011 11:01 by cockneyrebel Results the end of June.1.4p eps in H1, if profits, 'profits to continue at that level' they say so if there's 2.8p eps this year the profit line up for next year looks a lot higher with Collins and Hayse acquisition added on - PE of single digits going fwd, in fact 4.3p eps forecast with the Collins and Hayse acquisiton so fwd PE just over 6, a fwd PE just over 4 if you strip out the cash. £2m+ cash and tangible and property assets worth miles over the meagre market cap of £6.3m. License fees set to rise nicely too. Doesn't get much more solid than that and interestingly Andrew Perloff of Panther Securities buying 3%+ recently, he's an acquisitional value hunter, especiallt as far as under valued poperty assets go. APG have a ton of property assets worth well over what they are valued at on the books having not been revalued for 15 years. From Panther website: "Andrew Perloff (Chairman) He has over 45 years experience in the property sector, including 35 years experience of being a Director of a Public Listed Company mainly as Panther's Chairman. He has significant experience of corporate activity including several contested take-over bids and has also served on the Board of Directors of 6 other public listed companies." Start of a move towards taking APG out at last possibly. Looking forward to the results this June in particular this month. It's looked a bid just waiting to happen for some time imo. CR |
Posted at 22/12/2010 00:56 by cockneyrebel Much better now thanks - and APG quitely puffing up the duvet with fivers for me :-)CR |
Posted at 13/12/2010 18:38 by cockneyrebel Yep, the acquisition looks good. Been dying from a kidney infection today so hardly feel up to posting much. I suspect these still won't get people excited judging by todays response but I'm happy to wait for the pay back. A bit of a recovery next year and addec earninigs from C&H and APG might look a far more interesting investment to many in 6-12 months say.CR |
Posted at 13/12/2010 15:14 by greek islander Collins and Hayes are a big company locally with what was a superb reputation and were until a short time ago trading very successfully and profitably until they appear to have overtraded and went I think into administration and were then bought by new owners. Obviously they have now sold the business on whilst continuing to manage under the new Airsprung ownership. This was a highly profitable expanding concern and should be a very good buy and add all sorts of synergies to the existing trading base. Glad to see Airsprung not sitting on their laurels but looking to actively move forward. A very encouraging sign. Could now see APG with a share price more commensurate with the financials. Interesting day for long term APG holders like me. EDIT CR good to see you hanging in here. Been a disappointing ride for a while now. I bought these and WGB at roughly the same time and for very much the same reasons. Asset value was very good and the share price hardly reflected the financials and some good non-cash assets for both and while WGB has surged forward (about 135% increase in the last 12 months or so) APG has generall gone backwards in terms of share price Some you win, some you lose, now maybe it may yet change round at APG and we might see some buying pressure. |
Posted at 18/9/2010 12:34 by liarspoker Compare APG to ESR.ESR has about GBP 350K of net working capital plus depreciated property assets worth about GBP 3.5m. The market cap basically equals net working cap plus the property assets. The company generates cash and has also made a return to dividend. More importantly it also has a large pension deficit which is about GBP 3.1m plus there are about a million pounds of borrowings too. Basically the same situation as APG ( with obvious differences ) but it's trading at full value of property and net working cap value. If APG were trading on such a valuation then the market cap would be over GBP 8m. It just shows how undervalued APG is. |
Posted at 16/9/2010 15:58 by cockneyrebel Frauddy - I hate to say it but I think you are need of high doses of vitamin B2.APG have been around since before the 30's recession. They strolled through this recession. They make beds - whatever humans invent we will always want a comfortable bed to sleep in at night (you in particular with 23% of CARE - you want putting in care I reckon!) To say these would be lower if it wasn't for the illiquidity is the complete reverse. If these were liquid they would be in huge demand. They have a ton of assets, £2m in cash - they are making a fabulous profit, the PE is 6 and the yield is 3 %+. They are now getting more and more royalties that are 100% profit and I suspect full year will beat from what they say, even if they say H1 is off a tad. They never overstate the position. APG are in the longest running industry in the UK after prostetution - and even that relies on their beds. These will make fab profits as we get recovery - the royalies are 100% profit and they are making up more amd more of the total earnings. The divi rose this year by 20% too. Earnings and yield will grow over the coming years and APG will get taken out by someone eventually - even if it's only for their huge property in Wiltshire - when they do it will fetch 3 times today's price imo. Until then there's a sleep easy 3% here for me. What yield does CARE pay? Answer - nothing. What's it's shares worth? Answer - a lot less than today - they are tanking because they are trying to get into some old nonsense and gone off message. You're locked into CARE which is just as illiquid and you've got 23% of the nonsense! the thing will tank when you panic and try to get out. I see APG bounced lovely as those with half a brain or more read the statement again - well done those who bought - the 0.6p divi is yours if you're holding on Tues night! :-) CR |
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