The Artisanal Spirits Share Discussion Threads

[bluebelle] 24/12/2008 10:19

mitzis - 13 Dec'08 - 21:31 - 191 of 193

He may be a good artist but he's got something to learn about how to tie a bow tie !!!

[ho_ho_ho] 24/12/2008 09:43

This is what interests me:

[lbo] 16/12/2008 14:57

Christie's cuts price estimates for artworks

[mitzis] 13/12/2008 21:31

Any one collect John Yardley his watercolours are very good..and his oils too.

[wd 40] 22/11/2008 10:32

the silence must be the sound of complete agreeance.

lol.

[wd 40] 17/11/2008 18:40

I ask myself this question has the value of art reached its peak?

My answer is a resounding YES

This in effect means that a clever investor in ART should be able to find some GEMS within the cluster of overpriced ART

Any thoughts??? ANYONE???

[sll] 06/11/2008 14:24

Today's aggressive bank rate change will have to be of some benefit to ART and to its customers. How much impact, and by when, will of course remain to be seen. Anyway, it is surely good (although very tough for pensioners and savers) that the MPC has caught up with events - at last.

[wd 40] 05/11/2008 15:48

Was the fall sale a success?

[gizzimodo] 20/10/2008 09:00

Pretty much sums it up - Aspen gain control at knock down price unless other shareholders refuse to sell the shares.

[mitzis] 18/10/2008 19:40

Major exhibition of Syd Barretts art including 30 paintings never seen before to be held in Cambridge in October..

[grahamg8] 18/10/2008 10:22

Shawzie I came up with NAVps of 260p with a share price of 28p. Whatever! The assets far outweigh the share price. But there are big risks due to the gearing, valuation of the land bank,and collapse of the housing and mortgage markets. But fingers crossed we may yet come out of this with the shirts still on our backs.

If Aspen exercise their option by next 30 June the figures look rather different: NAV goes up by £1.75m with an extra 5.128m shares, thus NAV will then drop to 175pps or thereabouts. The gearing and financing costs fall at the same time but Aspen would also gain total control at a knock down price.

Having passed 30% ownership my take is they have to offer at least the same price to buy out the other shareholders. They have no incentive to do any more than the minimum as they already have complete control so we wont see 260p or 175p or indeed anything much above 35p in my view. So we will still have to make roughly the same decision as now: Do we think this Company has a long term and profitable future? Your guess is as good as mine.

[gizzimodo] 17/10/2008 15:35

to assess this as an investment an answer is needed concerning the stake held by Aspen - if they convert the loan to shares and breach 30% at what price must the offer to shareholders be made.
Does anyone know the answer if so please let us know.
If close to NAV then agree with Shawzie but wonder if some other way so an offer is close to existing share price.

[shawzie] 17/10/2008 11:35

spread is rather large - does this discourage activity in ART shares?

[sll] 16/10/2008 18:50

broadly agreed, shawzie, alo strange share price movements today, on no reported volume at all.

[shawzie] 16/10/2008 12:09

With a NAV of about 230p,a market price of 30p, a chairman who is willing to
provide liquidity when most needed, confidence to continue to pay a dividend, ART almost looks a good investment at current share price.
However, gearing at almost 92% may create unsustainable finance charges.
I expected a substantial write-down in value of land?
Strip out the revaluation surplus of £1.2M and loss for year is roughly £600K.
Management to be commended - could have been much worse.
Still continue to hold, although at a much reduced level than formerly.

[sll] 15/10/2008 18:28

quick skim of 2008 prelim results = 'damage limited outturn' given horrendous housing market conditions. detailed read to come. 2 buys to 1 sell today.

[bigchesseboss] 15/10/2008 10:14

I know that this board is very quiet but if someone could post the name of the big contemp. art sale yesterday would be appreciated.

[sll] 14/10/2008 12:35

Any day now, I guess. Suspect that last reported 'sell' was probably a pre-results buy. steve

[sven2006] 10/10/2008 09:49

art is the new gold guys

[little minx] 29/9/2008 15:15

Nice Simeon Stafford in auction tomorrow in Ireland. mmmm

[jim22] 22/9/2008 18:43

Prelims early October according to last trading update.

[shawzie] 22/9/2008 09:55

Annual Reports for 2007, published September 26 2007.
Perhaps Friday 26 this week will bring Annual Reports for 2008.