Autins Share Discussion Threads

[grosvenor] 20/6/2018 07:38

Based on fundamentals this share looks very cheap
VectorVest although they rate it as a sell say that the stock is worth over 100p

[grosvenor] 20/6/2018 06:54

Major Shareholders, Securities, Restrictions and Exchange Details

Name % holding
Schroders 23.34%
Miton Asset Management Limited 15.82%
James (Jim) Griffin 12.58%
Cavendish Asset Management 5.89%
Kevin Westwood 5.77%
Karen Holdback 5.77%
Ruffer Investment Management 4.64%
Unicorn Asset Management 4.30%
Close Brothers 3.63%
Toscafund 3.06%
hxxp://www.autins.co.uk/investors/major-shareholders/

[pireric] 13/6/2018 19:03

Not even remotely tempted here. Outlook very poor and so much management change that if I were a customer, I'd be sorely questioning my relationship with Autins/squeezing them severely on price/credit terms

[escapetohome] 13/6/2018 06:52

They pretty much stated that on 6 June update so nothing new there.

[phowdo] 13/6/2018 06:48

"We had previously provided guidance that we expected a significant weighting to the second half of 2018. However, visibility to current volumes now indicates lower levels of supply required from some of our major customers in the UK and, therefore, our second half performance is likely to remain similar to the first"

Oh dear.

[rhomboid] 12/6/2018 20:37

I’m holding a few ...bought most pre the last warning & a chunk more at an average of 52p

I’m expecting tomorrow to start a rerate upwards but this is my highest risk position ..fingers crossed 🙂

[value hound] 12/6/2018 20:23

Well it's lost close to 80% in the last 18 months. My suspicion is that it's going to prove good value from here - but I guess we'll have a better idea in the morning.

[hvs] 10/6/2018 11:49

Another shambles of a recently listed business, there are far too many of them.

THE CITY LOVES THEM and bonuses all round i say.

[danieldanj] 10/6/2018 02:17

Autins Group (AUTG) Earnings-Reaction to Keep an Eye

[escapetohome] 06/6/2018 15:22

Ive put em on my watch list, but too high for me!!!

[eastbourne1982] 06/6/2018 12:51

Another shambles of a recently listed business, there are far too many of them.

[pugugly] 06/6/2018 08:39

Plus EU threat of content directive warning could well make it very much more difficult for UK situs automotive content suppiers to sell into manufactures besed in the EU OK sound deadening material not a major cost factor but every little bit of UK content could count against them.

[phowdo] 06/6/2018 07:38

"FY2018 revenues will be behind market expectations and profitability will be significantly below market expectations"

The CEO bailing out a few months back was definitely foreshadowing this.

[flemster] 15/3/2018 11:34

I'm out too - wasn't expecting a resignation - 1st half results are now likely to be poor in light of previous trading statement

I will keep an eye out for turnaround potential, but am putting my money elsewhere for now

[simon gordon] 15/3/2018 09:45

I sold out this morning. The new CEO, director buying and new product looked like it could be a turnaround story, but with the CEO jumping ship I feel more secure watching from the side lines.

[pugugly] 15/3/2018 08:58

Griffen left soon after the floatation - Now Jennings jumps ship for Hydro (which a quick google looks like a very secure company in an interesting space and without the constant public oversight as unlisted)
Message received a VERY OVERPRICED IPO.
Question - Is there any value left or is the product over-hyped and not being bought by target market? So value for bottom fishers or a slow journey to oblivion?

What is probably certain is a significant period of uncertainty and staff unease (imo)

[phowdo] 15/3/2018 08:17

Vote of no confidence as the CEO decides he'd rather have his old job back.

[flemster] 07/3/2018 23:53

I have bought into AUTG as a bit of speculative, watch and see investment - I am not clear what "weighted to second half means" from the AGM statement - past results show for last 2 years H2s have been better than H1s - Interims will tell us whether this is a profit warning in disguise or something a lot more positive...

I think (hope) the latter...

[flemster] 05/3/2018 15:51

doing some research today - found this:

hxxp://www.tecmanuk.com/news/importantance-of-nvh-reduction/

but I couldn't find a reference to AUTG - is this the same thing - i.e. a reseller of Neptune NVH?

[phowdo] 02/2/2018 08:50

Possible turnaround here but need to hold your nose after what happened after the IPO. Put it on watchlist.

[simon gordon] 30/1/2018 15:45

An old but interesting article:



IMP strategy pays off as Autins sign on at Birch Coppice

A Midland entrepreneur is setting up his latest venture at IM Properties’ flagship Birch Coppice Business Park - and shipping 14 container-loads of hi-tech kit all the way from Korea.

Jim Griffin’s Rugby-based Autins Group has taken just over 47,500 sq ft of industrial space, which is now being fitted out for his new Solar Non-Woven Ltd business.

The company specialises in supplying advanced insulation to manage noise and heat emissions for many of the world’s leading automotive marques, and the new company will manufacture a new type of micro-fibre insulation never previously used outside Korea.

“It’s a remarkable product, it’s lighter and thinner than anything available, but it out-performs everything currently on the market,” says Griffin.

“The commercial potential was huge, not just for automotive, but for many other sectors, including agriculture, apparel and aerospace, so after months of discussions, we are delighted that the Korean company which invented this material has granted us a licence to manufacture and sell it in Europe.”

The first production line alone has meant a £4m investment, and the power requirements are so great that IMP is constructing a special two mega-watt sub-station alongside his unit. The 14 containers were needed to bring the special manufacturing kit on its 5,500-mile journey from Korea.

For Griffin, it’s the latest growth phase for Autins, which expects to hit turnover of £25m in the current financial year, and numbers Aston Martin, Bentley, BMW, JLR, Mercedes-Benz, Nissan, Toyota, Volvo and VW among the customers, which rely on its innovative products.

For IM Properties (IMP), it’s a welcome confirmation of the wisdom of its decision to launch a £50m investment programme last September to add 500,000 sq ft of speculative industrial space to its 400-acre Birch Coppice scheme located just half a mile from Junction 10 of the M42, and at The Hub, on the outskirts of Birmingham.

Kevin Ashfield, the group’s UK development director, says the unit taken by Solar Non-Woven is the first of five units being brought forward to tackle the dearth of high-quality industrial space across the Midlands.

“The old adage about speculating in order to accumulate is never truer than in property development, and the supply of available space in this region has been contracting since the recession,” he says.

“It was obviously a big decision to invest £50m on a speculative basis, but our long-term strategy is all about investing for future returns, and we were confident that as these units came forward, there would be significant interest.

“Equally, it’s crucial to make sure a range of sizes are available to suit the needs of occupiers with different requirements, so whilst this unit is 47,250 sq ft, the largest of the five will be 282,000 sq ft.

“Autins have signed a 15-year lease, which is great for us, and now we are focusing on the next two units at Birch Coppice. We started the necessary infrastructure works in September 2015, and I’d expect both units to reach practical completion in July and August 2016. “

The agents for Birch Coppice are CBRE, Colliers International and Eagleton & Co.

[simon gordon] 29/1/2018 18:42

iii - 29/1/18:

Autins (AUTG)

114.5p

Autins (AUTG) is a prime example of a company that floats and soon after disappoints investors. It can be a long haul for investor confidence to recover. The company supplies noise and heat management insulation for cars, and it has been trading for more than five decades.

That shows the underlying strength of the business, but it did not stop a major customer delaying orders and profit slumped within a year of floating. The chief executive resigned and he was replaced by former Hydro International boss Michael Jennings.

There was a turnaround last year with underlying operating profit improving from £900,000 to £1.5 million. This is before the exceptional charges in each period. A 0.8p a share dividend indicates confidence in the future.

Autins has operations in the UK, Germany and Sweden and has developed a new material called Neptune. There are growth prospects in automotive and other markets.

The share price is still below the August 2016 placing price of 168p. The wife of non-executive director Terry Garthwaite bought 15,000 shares at 125p each earlier this month. To be fair, other directors were buying shares last year at higher share prices. This year's figures will be second-half weighted, so there may not be significant evidence of the extent of the recovery until later this year.

[simon gordon] 29/1/2018 18:39

!FOLLOWFEED
IPO Document 2016:

With a strategy to diversify both customers and markets the Group has won new work within industrial sectors as well as new automotive manufacturers across several geographical locations. Interest in the Group’s new material, Neptune, continues to grow with new opportunities and markets forthcoming, and OEM approval for Neptune increasing to six companies with three more in development. Similarly, interest in the Ozone product has grown with enquiries and trials taking place with two OEMs already.

In addition, on 20 April 2016, Scandins AB formed a new wholly owned subsidiary entity DBX Acoustics AB. DBX Acoustics AB subsequently acquired the wholesale acoustic flooring trade made up of a trading name, website, supply chain and marketing knowhow from KBKE i Göteburg AB, a Swedish company, to enhance the sales of acoustic flooring solutions through the Group.

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Corporate website:

[terry topper] 13/12/2017 06:51

Good results - should go a long way up from here I think.