Autologic Share Discussion Threads

[fickena] 30/1/2006 10:30

That didn't take a lot to get it moving.

[she-ra] 29/1/2006 16:48

Crusader Rich - "Not sure where that property rumour came from a while ago??"
Neverland.

[crusader rich] 27/1/2006 22:27

warranty,

it was in the last annual report. Not sure if it is a statutory IFRS statement but it is a fairly short random sentence. Hope springs eternal but it is not a peg I'd hang my hat on

[warranty] 26/1/2006 17:10

I suppose it depends on when they were last actually valued of course!!

[warranty] 24/1/2006 21:48

The divi is certainly under threat but I think it would have to be a last resort and is probably safe for now.

Hopefully they'll sort the French side since as you say CR it is the Froggy directors who are moving.

[crusader rich] 24/1/2006 15:11

I think it is very good news, I'll need to confirm this but the 2 guys going are the french based directors who were the highest paid and have overseen the decline in all the french businesses. The big issue for me is the JV and the restructuring there. I think there could be a bit more bad news before things improve. Plus the dividend is probably history at its current level and although it is priced in now it always causes a short-term panic when announced.

[warranty] 24/1/2006 09:55

AutoLogic expects 2005 results in line with market expectations

LONDON (AFX) - AutoLogic Holdings PLC said results for the full year to the
end of December 2005 are expected to be in line with market expectations.
A statement from the company said trading across Europe continued to be
challenging in the second half of 2005. However, new contract wins in the UK
have helped to broadly maintain revenues, while a continued focus on cost
reductions has helped to limit margin pressure.
It added talks are on-going with a view to extending or replacing the
group's existing banking facilities in advance of their expiry on April 30 2006.

Looks like the additional Board changes announced indicate the shake up is well underway too. Surely the price has now bottomed and confirmation on a new banking arrangement should confirm the upward move in share price

[warranty] 05/1/2006 08:56

It's the underlying property value that's always interested me at this price and why it would make a good acquisition for a VC Group. The Guardian article seems more likely but there certainly were a lot (2.6M) of shares traded on Wednesday.

[manzarek] 04/1/2006 19:36

Perhaps this land thing isn't so far fetched. Walon has use of 500+ acres of secure storage throughout the UK. If it was part of the freehold valuation then what could that be worth ?

[manzarek] 04/1/2006 18:53

Guardian has slightly different spin on it:

stock overhang cleared, vunerable to bid, significant property assets that could be undervalued.

[warranty] 04/1/2006 16:48

Agree Crusader most will have bought well above the 145p mentioned by the Times. On the other hand the way trading is right now would they be tempted at a slightly higher figure. I believe it would have to be nearer at least £2 a share before they wavered. Mind you if I was management I'd try and get it on the cheap as well, this is one very underpriced stock at the moment.

[aleman] 04/1/2006 16:40

Renault sales up 1.7% in 2005 according to FT. Perhaps rise was something to do with this.

[indalo] 04/1/2006 15:08

An MBO offer at that level would be likely stimulate other predators to get involved. It sounds rather cheap considering the underlying profitability and prospects.

[warranty] 04/1/2006 09:57

MANZAREK, you may be right and the continued tick up today probably confirms it. This is a good stock to tuck away even at this price imho as trading will improve over time for sure. A little hidden gem I think you could say as not many people are into Transport stocks.

[indalo] 04/1/2006 09:57

MBO or not, this has all the hall-marks of a squeezy stock IMO. We could easily see 180p over the next few weeks.

[manzarek] 03/1/2006 21:40

Interesting find Warranty but I'm not convinced. I suspect reason is a seller has been cleared out (Barclays ?), plus short interest closing but who knows.

[warranty] 03/1/2006 19:17

Seems like this is the reason for the rise. Interesting move.


Release date: 3rd January 2006

AUTOLOGIC APPOINTS REMARKETING EXPERT TO FOCUS ON FLEET AND USED CAR
SUPPORT

AutoLogic Holdings plc, Europe's leading independent automotive
business
services group, has launched a specialist division to provide a
comprehensive cradle to grave service for the fleet and used car
market.

The new venture is being headed by remarketing specialist Gerry Lynch,
who has been appointed as managing director of Fleet, Used Cars and
Remarketing.

Mr Lynch (55) brings over 30-years motor industry experience to the
role
including 20 years in the UK fleet and vehicle remarketing industry. He
has held board level positions with ADT/BCA Auctions, Eurofleet and
most
recently Inchcape Automotive where he was sales and marketing director.

AutoLogic already has long-standing and in-depth relationships with all
major car manufacturers in Europe in addition to many of the contract
hire and leasing companies, major daily rental organisations and dealer
groups.

This strategic refocusing of the company's remarketing skills into a
one-stop-shop brings together a raft of fleet-related services
including: in-life vehicle management, new and used vehicle
inspections,
vehicle refurbishment and the physical and electronic remarketing of
end-of-contract vehicles.

Over 800,000 ex-fleet and leasing vehicles enter the UK market each
year
and this new initiative will allow remarketing choices and channels to
be refined, and give fleet operators important online lifecycle data
and
information to increase savings and resale values.

"Our research tells us that customers want one company which can
provide
a wholly integrated portfolio of management and data services that
cover
the complete lifecycle of their vehicles," explained Mr Lynch.
"AutoLogic is one of the few companies with the scope, range of skills
and technological know-how to provide that cradle to grave service. My
role is to bring together the people and the skills to simplify the way
we provide these services to customers and capitalise on the data that
shows exactly what has happened during the lifecycle of each vehicle."

While initially focusing on the UK's mature fleet sector, Mr Lynch will
drive the expansion of the fleet-based business across the continent,
where AutoLogic has extensive facilities in addition to existing
relationships with both manufacturers and fleet companies.

"We see substantial opportunities for growth across Europe as vehicle
providers are increasingly adopting a pan-European approach and want to
ensure consistency and quality of service wherever they operate," he
added.

Traditionally, the industry has bought a range of services from a wide
variety of smaller players. None of these have been able to provide the
level of investment in facilities and expertise required to reach the
service levels expected, nor the vision to provide integration of
services across common platforms for the benefit of customers.

Commenting on Mr Lynch's appointment, Group Development Director, Tim
Barber, said, "AutoLogic has been at the forefront of the significant
improvements in remarketing processes and skills and Gerry's experience
and industry knowledge allows us to present this expertise in a
cohesive
and co-ordinated way."

[warranty] 03/1/2006 17:11

Aleman, could be having an effect but surely not to this extent. Somebody either knows something or suspects something is afoot so I'll await news. This has to be worth a VC taking it out either for the assets and selling off the rest of the business, or just realising the true value of it's current contracts and European position. Way too cheap on a medium to long term view currently imho.

[warranty] 03/1/2006 16:32

Takeover bid in the offing perhaps???

Somebody knows something as usual judging by the trades today.

[manzarek] 03/1/2006 15:35

Went AESP - Automatic Execution Suspended for a bit there 'The following are temporary periods which may be used by the Exchange in exceptional circumstances' what's that all about then ?