Armour Group Share Discussion Threads

[empirestate] 19/1/2012 20:56

looking good at the mo, just hope it continues every day like this so i can get me 12p or so back. it's been a long wait.

[liberatingsteptoe] 19/1/2012 11:02

Just tried a dummy sell for my holding [not huge!] and was offered 6.7p,when the quote was 6.75-6.5, so I assume that someone wants all they can get........
Some sort of rumble in the jungle, methinks!
LS
Now dummy for 6.83, when 6.5-7.00 is quoted. [This was at 11.16]

[graham1ty] 17/1/2012 19:52

This is very odd. World class products, continuing investment in new products, one division getting quite profitable..........but yet more cash out. Whole debt having to be refinanced, £11m new facility, all now short term debt. And no end in sight. Unless this is taken out, cannot see this trading its way out of trouble for some years. Until then totally dependant on Morton not wanting to lose face ( and a stack of money).

In this market, slightly suprised that no write down of £21m of goodwill.....how to justify that ?

But not worth 6p as now, and this rally not being led by anything to do with trading, and then recovery.

Any views on why this run ?

[liberatingsteptoe] 17/1/2012 17:56

Money back+ and it's the end of the straight line. Has just turned vertical instead. Interesting!!
LS

[theglade] 17/1/2012 15:11

Don't you just hate it, when you post a fairly negative post, then the price increases 47% since the post - I do hold quite a few AMR, alas I paid 9.9p

[liberatingsteptoe] 14/1/2012 11:18

Bought some at 2.23.......pity that I originally bought at 16....but there does seem to be something going on. Will get my money back, on paper at least, soon, but the million dollar question is how long will the straight[ish] line continue?
LS

[theglade] 06/12/2011 15:57

stay on the sidelines "blippy2" - the figures are a lot worse than you indicate - MarketCap is 80,000,000 x 3p = £2.4m - (£1.6m a few weeks back) looking at the balance sheet, knock off the intangibles (£4m) and goodwill (£21m) maybe write off part of the £10m of stock and you are left with a net worth of around £2 million - So you could be a shareholder in a £2m company which manages to lose £3m last year - things have hardly got better since the year end in August

This is from the home page of their website today "Armour Group plc has undergone a period of extensive re-engineering to become a focused, profitable, fast-growing and exciting business" - shome mishtake shureley

[maltatrader] 06/12/2011 07:18

results out....

[graham1ty] 09/11/2011 16:37

What is going on today ? Any ideas ?

[graham1ty] 05/10/2011 13:17

Think profit irrelevant with this............it is just survival.

And, if that is the real issue, then the statement that net debt was better than expected and that the Company is trading within banking facilities is quite a bonus.

If this survives, and can eventually reduce net debt, then it is worth much more than £2m, even if it is not profit making for a while

[callumross] 04/10/2011 12:38

Surely a hidden profits warning in today's trading statement. In July's TS, they stated the following:
"As highlighted in the interim statement, the Board believes that the ongoing restructuring plan at Armour Home, combined with the growth being seen in the automotive division and overseas, will return the Group to profit in 2012"

Now today they are only saying that they expect to make an OPERATING profit in 2012 i.e a loss!

Quite surprised to see the shares tick up actually, based on this!

[callumross] 08/8/2011 15:38

Armour Group plc has today been notified that on 5 August 2011, Mr George Dexter, CEO of the Company, acquired 500,000 ordinary shares in the Company at a price of 2 pence per share. Following this purchase Mr Dexter holds a total of 1,854,736 ordinary shares representing 1.91% of the issued share capital of the Company.

[callumross] 05/8/2011 11:41

Well, that's the overhang cleared. New Pistonia were the 4,471, 428 and they have been the seller but of more interest is who picked up the over 5m trade at 2p. Might be worth picking some up now. A rare share that is up on a dark day for the market.

[envirovision] 26/7/2011 15:21

I think if there was a board clear out and someone installed with a bit of nouse to do what's required, I would be with you there on that. Until then it seems to be not even a binary bet on survival but a question of how long can they carry being wound up.

I don't think I would touch anything linked to Bob Morton frankly though.

[callumross] 26/7/2011 11:13

I wrote this on 27th May

"Maybe worth a flutter at around 2p in the hope of eventual recovery, but not at these levels."

Looks like I was spot on for once. Still believe this. Might start buying later today.

[callumross] 26/7/2011 11:08

What about the poor investors who took part in the placing at 7p earlier this year!

[harrybigdick] 26/7/2011 10:12

Is this what they mean when they say, "shagging a stock"!
Its seems to be getting a good shagging on a consistent basis. At least they can relate the word "consistency" to it!!!!!!!!!!!!!!!

Hope this helps
Sanks

[envirovision] 26/7/2011 07:57

LOL guess they were too embarrassed to quote it like that.

The bulk of the problem here Armour Home is everything about it. They try to sell premium products with higher margins and that market is shrinking and the margins getting ever tighter. In order to do it they have targeted specialist A/V installers. These folk are typically small businesses which target small high end new build developments and refurbishments. This market has evaporated in the last few years and the reduced work load that is available for these people has been severely squeezed. In the last decade this was not a problem as property prices were rising fast. Property prices are still falling in many areas and are certainly unlikely to rise very quickly over the long term. This means the old business model they operated is dead and buried.

In order for Armour to market to these small guys it has done expensive exhibitions and operated expensive training courses, it has also a load of expensive telephone and sales reps, catalogues and brochures mail shots, magazine advertising etc.

Since the credit crunch, it should have concentrated in slimming this entire operation down and radically changing its business plan and market direction. Clearly it has failed to do this. Shareholders will have to wear the cost of this.

I don't hold.

[sonofbanjosinger] 25/7/2011 21:25

they did not quote it as 12% PA. because it actually works out at 12.683% PA.

[callumross] 25/7/2011 17:30

£350 A DAY for the financing facility, on top of all the other indebtedness! Desperate times indeed for what once was a very conservatively run company.

[envirovision] 25/7/2011 14:58

Why did they not just quote it as 12% PA ?

Reckon they will go under imo, I dont believe a word they say.

[tomboyb] 25/7/2011 14:57

you've got to be pretty brave here. I reckon in the medium term Morton will clean up here and probably take it private.