Andrews Sykes Share Discussion Threads

[mw8156] 20/6/2018 14:25

tried to attend the AGM last year, a v hot day, but couldn't get in because shares were in a nominee account, etc...!

[keithfox] 20/6/2018 14:07

Don't usually get a report on the AGM, still the share price seems to have recovered a bit on the news. Hopefully should get another dividend declared within 3 months.
Think London may get to 90F again next week.

[ignoble] 19/6/2018 15:51

Fingers crossed ..
Stock Market as a whole looks rather tired at the moment
Summer doldrums plus various other factors appear to be putting a lid on things

Seen it all many times

[keithfox] 19/6/2018 09:31

Well, it's been a warm couple of months but patchy hot spells. Looks like another hot spell will develop fairly widely next week over much of the UK and nearby Europe so should give them a good end to the first half.

[ignoble] 02/6/2018 10:05

Forecasting June good have a very hot couple of weeks too or so I read

[keithfox] 02/6/2018 09:44

So, it's official now, May was the warmest ever recorded. That should help ASY.

[valuehustle] 01/6/2018 09:20

Yes, thanks Keith. I'm happy to be patient with this one

[keithfox] 01/6/2018 09:03

You have to invest long term here Hustle. I bought in at 50p in the late nineties and have bought and sold over 20 years but would have made a lot more money if I'd just bought. In fact, I'd be a millionaire by now. The 600p price was a bit frothy especially as last years results had a lot of help from the exchange rate changes but if you are prepared to hang in there for a few years I reckon you'll do OK. Trouble with this share is that it can change 10 or 20% in a day or two so you have to make sure you are on board when the changes come along. Good company though and (as a weather forecaster) still hasn't had much help from extreme weather although this year is helping so far.

[cockerhoop] 01/6/2018 08:22

VH,It's in the interest of shareholders for the company (If It's going to carry out backbacks) to buy at the lowest price. Either more shares can be purchased or more cash left to invest in the business or return to shareholders.

[keithfox] 01/6/2018 07:52

Yes, very surprising and interesting! Depends where they got the shares from. There were some big sales in the last few months but would the mm's want to get rid of excess stock at that price? Not my area of expertise really, would be interested in any comments. However, as there is only about 5m shares on the market that takes quite a chunk, about 2% if my maths is right.

[valuehustle] 01/6/2018 07:44

I'm confused by the rns and buyback, can anyone help? How did the company get shares at 494p? An internal seller? I understand this is a great deal for the company but for shareholders? Does the value/ultimate roi derived from reduction in shares outstanding outweigh the low price paid here which will lower the share price? Would not a better message have been sent by buying back at an amount in the 500's - ie "ASY is undervalued at 530" is better than "ASY is undervalued at 495"? Maybe someone with more experience than I can explain? Many thanks

[ignoble] 31/5/2018 13:59

We will never know
Could be the Murray Son's Trust bought half a sale each.
The Director who sadly passed away may have had a holding .
Pension Fund moving stock around "in house" ....
Just don't know ...
I stopped trying to guess ages ago ....it is Sykes after all , LOL

Good they found a home with little trouble or so it seems

[keithfox] 31/5/2018 13:42

Hasn't moved the share-price. When it has 2 different times could that mean someone has sold them to someone else do you think?

[ignoble] 31/5/2018 13:28

Big chunk just traded

[ignoble] 29/5/2018 07:51

Good Morning Keith
Does look encouraging

[keithfox] 29/5/2018 07:08

.......and of course, Europe has been even warmer than us and will continue to be so.

[keithfox] 29/5/2018 07:00

Well this warm spell is looking as though it's got legs left in it yet. Charts for this week and even next week are looking warm, though with thundery downpours. Have to say the first ha;f is looking good for asy weather-wise, what with the cold weather lasting into April and now a complete turnaround into summer. We usually get a couple of months of 'spring' weather which is not much help to asy either way. If the weather is ever going to help them, then this is surely it.

[horndean eagle] 25/5/2018 21:00

I can give you a more definitive answer to the trades as it was me. I picked up the stock at the lower levels. They were transferred to my sb provider who then re-booked at whatever level they did.

[keithfox] 25/5/2018 09:05

They don't usually announce they are posting the results.

[cockerhoop] 24/5/2018 08:47

What may have happened yesterday is someone had 6000 ish to sell, the MM took 2575 at 516p and promised to work the remaining 3575, was then able to offer 3575 at a decent price 527.5 knowing that he could get them for 516p? Made £400 with no risk after hours.

[cockerhoop] 24/5/2018 08:40

Keith,

Not sure this answers your specific question but generally if you see a largish trade going through in a thinly traded stock it's worth getting your broker to contact the MM if you want to do the opposite.

eg If you saw a 10,000 sale in ASY go through at £5.00, get your broker to offer £5.05 to pick up the line of stock. The MM makes £500 and doesn't have the risk of 10,000 shares sitting on his books. Doesn't always work as the may be picking up stock for a known buyer etc. but worthwhile for companies with large spreads.

If you want to be more pro-active you could get a decent broker to inform the MM the you're a buyer of say 10,000 at £5.05 which will give them the confidence to take a line of stock at thinner margins knowing they can shift it quicker and more profitably.

[keithfox] 24/5/2018 08:19

OK, sorry about this but another technical question. Seems like a sale of 3575 went through yesterday (as well as the 2575). However, there was a trade of 3575 at 527.5. Do you suppose this was a matched trade or whatever they are called i.e. someone bought 3575 at a good price? If so, do the mm's organise this?

[horndean eagle] 23/5/2018 15:43

Don't hold your breath on a tender. Murrays own 90%+ iirc. They would have to tender their own stock to really make it worthwhile doing. They should really pay out a huge dividend. Cash is sat there doing nothing. In the past they took out a large slab of a dividend by taking out a huge loan to pay for it. Many moons ago though.

[rhomboid] 23/5/2018 14:41

Good point Jeff H , forgot that which is careless since VLE one of my larger holdings did exactly that recently🙂