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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Applegreen Plc | APGN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 496.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 496.00 |
| Top Posts |
|---|
Posted at 11/12/2020 12:16 by cafno djderry is right. Bob & Joe want to keep their jobs and take their company back. They've never been in this for delivering value to shareholders, neither do they like the public accountability and scrutiny of the company's management and operations that being a plc brings. If the deal goes through, APGN can draw a veil over the financial, operational and environmental risks it wants to hide. I hope the VCs have done their due diligence thoroughly. |
Posted at 10/12/2020 10:29 by cafno Lots of people heading for the exit today. The offer is not surprising really. This has always been a company that likes to avoid scrutiny - by shareholders, by markets, by regulators. I think I'll be taking a profit, but I fear for what will go on behind closed doors if the company is taken private. The environmental credentials and activities of businesses like this need to be scrutinised very carefully and APGN doesn't have a good track record in that department. |
Posted at 18/9/2020 09:30 by cafno djderry, I think we agree that the Welcome Break purchase was a good entry strategy for the UK MSA market. My use of the term 'vanity project' was to describe the previous strategy of trying to build four new MSAs from scratch on really poor sites that other operators wouldn't touch, in a vain attempt to compete with Moto. As you say, this would take decades and is, in my opinion, a poor use of shareholders' capital. Yet despite COVID, APGN's management is unwilling to knock these projects/sites on the head to save money. The company obtained planning permission for a new MSA at Rotherham last November, but there is no sign of this being built-out and I doubt the company can afford to do so. The same week, APGN was refused planning permission for the proposed Vale of York MSA, yet management is now pursuing a planning appeal that is due to go to a (very expensive) Public Inquiry at some point. Buy not build should be the UK MSA growth strategy. |
Posted at 29/8/2020 20:07 by cafno 'Growing the business' is not a strategy. It is the raison d'etre of the Board and their duty to shareholders. HOW to grow the business in a challenging global marketplace - now that needs a well thought-out strategy. It's been clear to me for a long time that buying into the UK MSA market would be a better strategy for APGN than trying to build new MSAs from scratch on the 'leftover' sites other more experienced operators don't want. How much the company has spent on these vanity projects in its efforts to compete with Moto 'because they are #1' might be a good question for the AGM. In the current climate, I'm not sure APGN has the capital to be able to afford its development pipeline. |
Posted at 13/6/2020 15:47 by cafno Anyone know what APGN are doing about a shareholder AGM this year? Usually in May. |
Posted at 13/5/2020 13:19 by cafno The positive spin to try and change market sentiment appears to have been started today, with APGN placing articles in the friendly press. Actions speak louder than words. Management could rebuild working capital faster if they canned some of the expensive vanity projects in the 'development' pipeline and focused instead on the core business proposition. |
Posted at 03/4/2020 10:22 by cafno Thanks sh1984. Perhaps he'll tell me why APGN are still p*ssing shareholders money up the wall on hiding-to-nothing projects like this one...hxxps://www.yorkshir |
Posted at 27/3/2020 22:06 by cafno Yup, I stayed invested in both because I believed in Jobs and Bezos and their strategies (and did very well).My feelings for Etchingham and APGN are not comparable. |
Posted at 08/8/2015 14:57 by dren353 Richard Gill tips AppleGreen in the Small Cap Corner - Spread Betting Mag August Edition page 78 – APGN check it out at |
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