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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Associated British Engineering Plc | ASBE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 15.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 15.00 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Top Posts |
|---|
Posted at 14/11/2014 21:09 by coolen ASBE eventually admitted to the Akoris disaster (my post of 24 May 2014):"Akoris Trading Ltd has yet to trade and the Board has resolved to write down the investment by £262,000." That loss has since grown. Whilst not lumpy in cash terms, it is huge in terms of mis-management given the business never got to trade before the cash was lost. Cannot be a happy boardroom. Note that a professional investor recently upped his stake to 3.4%, but there may still be a lumpy seller out there. |
Posted at 21/1/2000 17:18 by nlb Associated British Engineering - something strange going on!
EPIC: ASBE Associated British Engineering delivered some rather indifferent results in November 99, but the shares rose 52.5p why? For several weeks now institutions have been unloading the shares but where have they all gone? It appears that a Mr R.Pearce-Gould, has been buying most of the stock, ASBE do not know who he is and they do not know what his intentions are. He was at the E.G.M. in November 99 and he has continued to buy the shares. Who is this mystery person? Three large institutional holders have sold over 20+% of the company. Mr Rupert Pearce-Gould apparently comes from Cambridge Corporate Consultants (a venture capitalist company) and it looks as though ASBE could soon be something very different from what it is today. Following the sale of Danway the company intends to sell it's remaining two subsidiaries, it has had approaches from seven companies concerning its Catering Equipment Division and has had meetings with its largest competitor to discuss the disposal. The remaining businesses are small but profitable and will be easy to sell. The company will then be a clean cash shell. A few weeks ago the company had "dozens of approaches" according to the CEO. Mr. Pearce-Gould and associates have obviously decided that they wish to make more than an approach. He may only hold 8% but there will soon be further announcements of stake building. Depending on the final deal for the sale of the catering division and providing they get £1m for the highly desirable southern property site (worth £1.25m) then they could end up with £3.50 to £4.25 in CASH per share. And with high tech venture capitalists buying in it all looks very interesting. To put the situation in a nutshell, this company is looking increasingly like a bargain cash shell with a 35% discount to NAV circa £4.50 with little downside. Full listing and a market cap of £4m. If this is an Internet reversal then it will be worth many times that amount. The key to ASBE is the full market listing, lots of the recent cash shells have been on the AIM but to get a shell with a full market listing is very important to attracting institutional investors. More gains are expected and it should reach at least 75% of NAV. So we could see £4.00 by the end of next month, if they tie up a deal soon it could be one of the top performers. People are starting to realise how important a full market listing is if it becomes a shell. The marketmakers appear to be short of stock. This share moves on very small volumes, so any above average interest in this share and the price will rocket, it moved up 12.5p on Thursday 20th on something like 14k traded volume, which means the stock is very scarce. |
Posted at 21/1/2000 13:03 by nlb Associated British Engineering - something strange going on!
EPIC: ASBE
Associated British Engineering delivered some rather indifferent results in November 99, but the shares rose 52.5p why? For several weeks now institutions have been unloading the shares but where have they all gone? It appears that a Mr R.Pearce-Gould, has been buying most of the stock, ASBE do not know who he is and they do not know what his intentions are. He was at the E.G.M. in November 99 and he has continued to buy the shares. Who is this mystery person?
Three large institutional holders have sold over 20+% of the company. Mr Rupert Pearce-Gould apparently comes from Cambridge Corporate Consultants (a venture capitalist company) and it looks as though ASBE could soon be something very different from what it is today.
Following the sale of Danway the company intends to sell it's remaining two subsidiaries, it has had approaches from seven companies concerning its Catering Equipment Division and has had meetings with its largest competitor to discuss the disposal. The remaining businesses are small but profitable and will be easy to sell. The company will then be a clean cash shell. A few weeks ago the company had "dozens of approaches" according to the CEO.
Mr. Pearce-Gould and associates have obviously decided that they wish to make more than an approach. He may only hold 8% but there will soon be further announcements of stake building.
Depending on the final deal for the sale of catering and providing they get £1m for the highly desirable southern property site (worth £1.25m) then they could end up with £3.50 to £4.25 in CASH per share. And with high tech venture capitalists buying in it all looks very interesting.
To put the situation in a nutshell, this company is looking increasingly like a bargain cash shell with a 35% discount to NAV circa £4.50 with little downside. Full listing and a market cap of £4m. If this is an Internet reversal then it will be worth many times that amount.
The key to ASBE is the full market listing, lots of the recent cash shells have been on the AIM but to get a shell with a full market listing is very important to attracting institutional investors.
More gains are expected and it should reach at least 75% of NAV. So we could see £4.00 by the end of next month, if they tie up a deal soon it could be one of the top performers. People are starting to realise how important a full market listing is if it becomes a shell.
The marketmakers appear to be short of stock. This share moves on very small volumes, so any above average interest in this share and the price will rocket, it moved up 12.5p on Thursday 20th on something like 14k traded volume, which means the stock is very scarce.
regards nlb. |
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