Armour Group Share Discussion Threads

[empirestate] 13/8/2010 07:44

another pointer for seller cleared that am on is EGX.
u may want to look at REH which has been depressed via a seller, probably of some reasonable size as i haven't seen any decent size orders being filled going through so put it on yr radar as it may fall some more yet.
STEL is another with a big sell order which is a real weight on the share price STEL board have been running around mayfair and ireland lately trying to drum up investor interest as am sure they know that there is a size seller that needs to be taken out before they can get the share price to rebound. a fascinating opportunity if you time it right.

[electronica] 12/8/2010 06:58

empirestate

Thanks for that, AEA Tech has been on my watch list for ages & its a good looking prospect. I'll take a longer look v soon. Thanks again.

[empirestate] 11/8/2010 21:13

electronica, if you are into seller clearing plays u want to have a look at SYS (blackrock 1.6m to go, should be any day) and AAT (cazenove out today)

[electronica] 30/7/2010 22:56

dnfa

Thank you for your considered & well argued contribution!

[dnfa1975] 30/7/2010 22:20

i wish that numpty bob whatever his name is would bid for this dogs breakfast

[loverat] 30/7/2010 18:25

Surprised again that this is at these levels. However, posters are right to be cautious and question things.

[callumross] 30/7/2010 18:21

Bob Morton does control Southwind

[electronica] 30/7/2010 16:48

callumross

Thanks for the heads up on the company sec. I'll try him.

The Chairman's holding issue is (unfortunately) not that simply. According to the accounts he owns a mere 1m shares (about 1.5%) in AMR, But I believe that he may also controls Southwind - a 19%+ holder of AMR. The company denies this, but they are completely at odds with the Takeover Commission who listed him as the beneficial owner of Southwinds during a recent takeover battle. The company absolutely refuses to discuss this dichotomy with me.

Before investing a lot (by my standards) more money I want to be sure why the company are so evasive (almost aggressive) about this issue. What have they got to hide - if anything?

[callumross] 30/7/2010 16:13

Electronica - sorry to hear about the FD snub. I have spoken to John Harris, the company secretary, on a couple of occasions and found him reasonably forthcoming (as far as LSE rules allow). Try phoning him.

As far as the chairmans stake is concerned that is easily located publicly available information from the usual sources.

As to the forthcoming results, they are not interims, they are finals. Also they are traditionally published in the second half of November, not mid-September!

[electronica] 30/7/2010 15:56

empirestate

The value's there all right & I bought in (in a smallish) way about 10 months ago on that basis.

But, I've not been completely convinced about the management's committment to shareholder value & shareholder comms. I've tried to get clarification on the size of the Chairman's holding & the scale & state of the product recall problems from the FD with absolutely no success.

I've got between £20-50k on the sidelines to punt on this one if I can get these issues addressed & am convinced that these guys are committed to share price growth. For the time being let's see if the Interims in mid-Sept look like.

[empirestate] 30/7/2010 15:32

on a potential top line p/e of around 3 this is looking decent value at this level

[envirovision] 22/7/2010 14:32

nope may be worth buying at this level?

[maltatrader] 21/7/2010 21:54

Any news? this one is getting very quiet

[callumross] 22/6/2010 13:23

yes, sadly, albeit only for 60k shares. Can't make my mind on whether to top up to 100k at these prices or dump the lot!

[electronica] 22/6/2010 12:48

Callunross

No I did not hear a peep from him - but, then, I didn't really expect to. These guys have never put shareholder communications at the to of their priority list.

I'm now planning a more forecful approach to the BoD on total shareholder return & will post more info on here as I firm up my ideas.

Are you currently a shareholder?

[callumross] 22/6/2010 12:10

Electronica - did you ever get a response from George Dexter as to the implications for the business of the TV stand recalls?

[envirovision] 17/6/2010 23:50

sorry my mistake it was two weeks ago

Manchester, 09th June 2010- During our quality control inspections we have found that a batch of our product ARB1100/2-BLK has a component that may be a safety issue. This component under certain circumstances could fail and cause the bracket holding the TV panel to tilt or break from the column.

Therefore, we are issuing a recall for this product. The TV panel must be taken off the pedestal and can be placed on the top shelf of the stand using the base originally supplied with your TV. The product can be identified on the glass shelf where it has 'YM 03/10' printed on it at the back of the shelf next to the column (see illustration). If your ARB1100/2-BLK is part of the batch marked as 'YM 03/10 ' then please call our hotline number 0845 1306686 0845 1306686 where we will arrange to replace the component part under recall free of charge

[callumross] 17/6/2010 23:43

I would be grateful if you could let me know what Mr Dexter says, Electronica. Looking at the trading results for the last 5 years the other day, and I think the company does need to answer why £50m annual turnover translates into so little profit or positive cash flow. I guess that is precisely why the shares are languishing on a P/E for this year of a derisory 6. Hope you are right Envirovision, but the impression I was given was that this recall is very extensive and very recent.

[envirovision] 17/6/2010 21:56

There was a recall a couple months ago for one stand, but its not a top seller and only the one product, so I would not expect any impact to the bottom line. No big deal it would seem. Could be a buying opp.

[electronica] 17/6/2010 16:44

callunross

You are aware that only 2 tiny trades have been made on the main market today (apart from a "swap" at no margin) with no trades at all on PLUS. So we're hardly seeing panic selling.

So the price slide looks just like normal MM activity - but perhaps, as you posted, based on a rumour. There's maybe even a malicious shorter's rumour in the wind.

Anyway, I've been in correspondence with George Dexter recently about his very poor financial PR - so your post very much suits my agenda. Let's have a bit of focus on shareholder value from these guys.

[electronica] 17/6/2010 16:34

callumross

I've emailed an edited version of your post (with your name removed, of course) to George Dexter asking him to comment - or to deny these "market rumours" with an RNS.

I'll post any reply from him on here.

[callumross] 17/6/2010 16:12

Shares are tanking. Although unannounced as of yet, I have been told that this is because one of their Alphason TV stands has a safety defect that basically cause it to collapse. Comet and independents have apparently been recalling these by the thousands so the company will take a huge hit on this, probably wiping out this years profit. Don't know the truth in this but that is what I am being told.

[ny boy] 14/5/2010 11:34

Interesting Company, might have to take a stake here. Shame can't trade on IG Index yet!

[envirovision] 11/5/2010 15:41

as of today: Bluehone AiM VCT2 now holds a notifiable
interest in the ordinary share capital of the Company amounting to 2,534,367
ordinary shares representing 3.70%

[callumross] 11/5/2010 11:01

Tipped in Daily Mail today:

"Recovery hopes helped Armour Group edge 0.25p higher to 14.50p. The in-car entertainment group reported a 55pc rise in interim profits to £1.13m on turnover up 12pc at £29.7m. Broker FinnCap says the shares appear attractive and underrated. Management led by boss George Dexter have proved themselves very capable in difficult markets."