Aukett Swanke Share Discussion Threads

[mistertibbs] 24/1/2008 20:13

Volume has been relatively small but still going the right way.

[asp1] 22/1/2008 13:17

Still very strong inspite of market worries.....

[asp1] 18/1/2008 17:22

300k + 100k + smaller buys.....

looks to me like the start of a steady rise from here.

[asp1] 18/1/2008 11:12

moving up at last - buyer in the background ?

[mistertibbs] 15/1/2008 21:32

More than one architect involved oh little pink thing

[emptypiggy] 15/1/2008 12:03

sorry tibbs ,, am i reading it wrong or is it not BDP for buchanan galleries ?



who were responsable for the glasgow tower at the science centre which is always shut due to repairs

[mistertibbs] 15/1/2008 10:57

Funny you should say that silver, I was doing just that last night. I suspect some holders will also have taken profits over recent months due to our dithering chancellor and his tax alterations to come.

Just noticed the architects for the other Glasgow shopping centre development is a company called Haskoll so we wont have it all our own way.

[silverfern] 15/1/2008 08:31

At least we have some volume today. results as epxected and very very good they are. A lot of contracts will deliver revenue over the medium term so their growth to £25m p.a. looks an easy target from this current revenues. Compare with two years ago!!

[mistertibbs] 15/1/2008 08:17

Well done that piggy. And who is the architect with Land Securities in Livingstone?

[emptypiggy] 15/1/2008 08:01

should have read up before posting i guess , sorry folks

[emptypiggy] 15/1/2008 07:54

sat nav required mr tibbs for livi ,, loooooooooong time since i been out that neck of the woods,,, heard in the pipeline buchanan galleries getting extended too , across buchanan street where the old pawn shop was ,, wonder who will design that ? as far as i know its slough estates that did the initial development

[mistertibbs] 15/1/2008 07:48

Cash in the bank up to £2.8m.I do like that.

Should we be concerned over the rise in debtors or just a growing business and nothing to be bothered with?

[masurenguy] 15/1/2008 07:38

Results completely inline with prior trading updates.

Preliminary announcement of results for the year ended 30 September 2007

Aukett Fitzroy Robinson Group Plc, the international practice of architects and interior design specialists, announces its preliminary results for the year ended 30 September 2007.

Key highlights
Group turnover up 21% to £19.7m with strong growth in the UK hotel and retails sectors, and Russian operation.
Profit before tax up £1.6m to £2.4m as a result of turnover and margin growth.
136% growth in earnings to 1.06 pence per share.
Strong cash flow with £1.8m of net cash inflow before financing leading to the elimination of net debt.
Shareholders' funds up 45% including net cash of £1.7m.
Recommencement of dividend payments with 0.2 pence per share paid in September 2007.

Nicholas Thompson, Chief Executive Officer of Aukett Fitzroy Robinson commented: "Having now achieved two years of improving profitability, we are cautiously optimistic as we embark upon a period where we need to maintain our current financial performance and improve both the transparency and quality of our income in the longer term. Our corporate strategy established in 2005 remains to double turnover to £25m by 2010, whilst improving margins. These results show that we are on-track to achieve that objective. Much of our attention has now been focused on ensuring that our design and delivery systems, and the skills that are necessary to underpin our work, are both maintained and improved as we strive to achieve our financial objectives.

There has been much speculation and commentary on the prospects of a downturn in the UK commercial property market – which we consider well founded – but we believe our diversified business model allows us to realign our resource focus into those areas of the market which provide greater opportunities based upon our wide skill base and track record. We have identified international branded hotels, green retail in the UK, and Russian orientated projects, to provide the most promising opportunities to maintain our business model. Management focus has therefore shifted into these areas to compensate for any potential reductions in revenue from traditional income flows.

During the current year we entered talks with a competitor which, if consummated, would have created Europe's largest architectural practice. Whilst this merger process did not proceed, we continue to seek opportunities that will improve our market position based on strengthening our core sector skills or entering markets where there are premium income opportunities. Management will focus on those opportunities which improve the business model whilst at the same time enhancing earnings.

Having now achieved two years of improving profitability, we are cautiously optimistic as we embark upon a period where we need to maintain our current financial performance and improve both the transparency and quality of our income in the longer term."

[mistertibbs] 14/1/2008 23:10

Ahah, looks like it was to develop the 3rd phase at Livingston retail centre. Must get emptypiggy to take me out to that popular venue one day, or even another bloke who I know just loves it out there.

[mistertibbs] 14/1/2008 22:29

Must look to see what that contract in Scotland was for. At 350,000 that's a decent amount of space.

[marvelman] 14/1/2008 11:51

For your information the sells as shown so far today are actually buys....the one for 16k was mine.

[masurenguy] 11/1/2008 17:19

Ah but would they now endorse Aukett Fitroy Robinson after waxing lyrical about their architectual hero ?

[silverfern] 11/1/2008 17:06

Me and Julio down by the schoolyard which is being converted into a shopping mall designed by Aukett

[mistertibbs] 10/1/2008 17:10

The old Paul Simon song says it all....one man's ceiling is another man's floor.

[masurenguy] 10/1/2008 10:23

Begining to look as though 10p might just be the floor here.

[mistertibbs] 07/1/2008 13:22

I sadly think there will be plenty of time to invest. I have had a number of small company results that were very good indeed, RNWH in particular and whilst the share price rose on the day, has fallen back with market sentiment. Poor comments are being hammered and good news ignored. I think this will only build up the pressure to eventually lift the lid on a number of shares. I also believe it very important the prospects are stated in a very positive light or it will result in a fall. Next tuesday it is then.

[marvelman] 06/1/2008 13:18

Well Mas caution in these markets and with Aim companies is quite understanable...I believe the January numbers will be pivitol for confidence in this company after the SMC debacle and I am hoping that they will also help to draw a line under it.Regards.

[masurenguy] 06/1/2008 12:36

Still watching - if you deduct the net cash balance after bank debt the current year PER is just under 10 if their projected profit is achieved. This, coupled with no net debt, and some good forward revenue visibility (which should be clarified even further on Jan 15th) looks attractive BUT the current climate, negative sector sentiment (thanks SMC) and recession concerns could still hold the share price back.

In more buoyant market conditions I would certainly be buying now but at the moment I can see 'good value' in many other stocks where they have been excessively caned in the current market. Still hesitant although my finger has crept a little closer to the buy button. Long term this looks good - the only real issue is timing my re-entry !

[marvelman] 06/1/2008 11:22

Many thanks for that Mas..I know you said you were awaiting a stabilised share price before thinking of investing..any change in your stance on this company.

[masurenguy] 06/1/2008 11:13

An RNS would be required to announce any change in shareholding, where the owner has more than 3%, whether it is a buy or sell and whether that owner is a current or former director/employee, a private or corporate investor or a nominee. The company cannot release this until the shareholder reports the transaction to them which is supposed to occur within 3 trading sessions.

An overseas domiciled investor cannot be compelled to report this information so unless Blakes holding is held in an overseas nominee account, he has a legal obligation to report any change in his shareholding to AUK and they then have an obligation to release an RNS.