Avesco Share Discussion Threads

[battlebus2] 27/8/2015 13:48

Back above £2 again, the Avesco tree is growing taller, infact it may hit a new high soon..

[weatherman] 26/8/2015 19:47

What would the regulators of IFAs do if they knew of your conduct on this board Mike ? I guess you weren't taught to shout TIMBER as a means of de-ramping on BBs as part of your training?

But then again the reason I self invest is because of a lack of trust of IFAs and the professional financial system that is more interested in elevated fees and the manipulation of stock prices.

[mike740] 26/8/2015 15:22

err not if your fully IFA Qualified. (which I am)

And also remember if were talking about ethics, to try and engender a state of elation to get people to buy is totaly immoral,........... its called ramping if done in such a way that an untruth is told,and is a crimminal offence. SMART ASS.

TIMBERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

[weatherman] 26/8/2015 14:09

If you want timber go to B&Q....

It is of course illegal to directly tell people to buy and sell, but to try and engender a state of fear to get people to sell is equally immoral.

[shauney2] 26/8/2015 13:47

Thank you MM and MS.

I think you could well be right re the Fountain studios undervaluation.Been a massive regeneration of the whole area around Wembley stadium.

Brent council moved into a state of the art building 2 years ago,designer shopping mall,hotels and high quality apartments have also been built.

[mike740] 26/8/2015 08:08

TIMBER.............................

[muckshifter] 25/8/2015 19:17

Shauney,
From memory, the value given for land and property in the last accounts was, as stated above, £6.8m after depreciation from a purchase cost of about £9.5m, iirc. The accounts didn't state, iirc, purchase dates, so, far from depreciating in value, I would imagine that in a company which has been trading for 30 years+ the true current value of the land and property might now be a multiple of purchase cost. But it hasn't been valued from memory of the accounts.

Hope that helps.
Regards.

[michaelmouse] 25/8/2015 18:58

A very cursory glance at the accounts will tell you that the book value of the freehold land and property (just for your clarification that's the value included in the reported TNAV) is just under £6.8m. The main freehold property is the rather large Fountain Studios building occupying a prime position in Wembley. I suspect therefore that the book value considerably undervalues this asset. My guesstimate would be that the reported value undervalues it by at least half, although I suspect possibly a good deal more. £6.8m would add a further 34p to the NTAV bringing it up to £2.14. Just one more reason why Avesco is still considerably undervalued.

Does that answer your question shauney2?

And now I'm popping out for a nice evening meal.

Michael.

[mike740] 25/8/2015 15:28

If they have they Paddy they need to be updated or a glitch in the accounts may occur like i found on another media type company...... CCT.

[shauney2] 25/8/2015 15:01

It would seem the concensus of the NTAV here is 180p.

What about the plant and freehold property.Any valuations ever been done in the past?

[mike740] 25/8/2015 13:58

totaly agree.

[the big fella] 25/8/2015 13:31

The last couple of days on this thread has reminded me why I rarely post on ADVFN anymore. No one is interested in petty squabbles and large egos.

[cockneyrebel] 25/8/2015 10:15

He's a troll, and only here bashing cos I'm long.

He's also the inventor of 'the World Famous Kipper Trading System' - so famous if you search it on Google you get no returns lol!.

I've got the lunatic filtered as most have on ADVFN. Most having conversations with him are himself in another guise - what a life! :-)

CR

[mike740] 25/8/2015 09:11

I agree, ask MM to take note.

[thebantamboy] 25/8/2015 09:03

This thread is getting a bit dull, lets focus on Avesco please.

[mike740] 25/8/2015 08:51

MM I was right about you the first time i posted.

I now withdraw my apology.

Your lack of experience stands out like a sore thumb. It doesnt mater how good a companys fundies are if you are in the midst of a bear market, the good get pulled under with the weak.

I find you an arogant ignorant man, and one who will no doubt fall on your own sword.

Ive seen plenty like you over the years crumble before my eyes.

Ohh and by the way after 32 years if im making all these mistakes why am i still in the business full time(although i could have retired years ago) and filthy rich to boot.

You carry on preaching the Myth of Warren Buffet, i notice after all the tosh hes spouted about short termism and the tools, hes now using CFDS, and if Charlie Munger left his side hed be lost, a bit like Clough without Taylor.

VIVA TESCO.

[arthur_lame_stocks] 24/8/2015 22:49

Why worry about a drop in the price in the stock when it is on a p/e of sub 10 in an odd year which historically have not been as good as even years. There are loads of horrifically overvalued stocks in this market but AVS is not one of them.

[michaelmouse] 24/8/2015 22:42

"Mike740, you're trying to talk down someone who has bought this stock at 25p, I'm sure he's not that bothered by your posts, but like he asked you set up a different thread for your posts."

You're absolutely correct 2breakout. I do find his posts quite comical though. This one's a classic, "Thats not the main concern at the moment its, managing the stock and having a trading plan set for tomorrow, to cover every eventuality." Brilliant, who needs comedy series like Blackadder back on our screens when we've got Mike740.

I believe Warren Buffett will be up all night working out tomorrow's trading plan to cover every eventuality. Mind you he's not done very well has he? ;)

My plan is to visit the gym, maybe do a bit of gardening, nice meal out.

"Remember this, its not the good stock pickers who win in this business its the good managers."

I think you'll find that's not the case and probably why you're still making the same mistakes 32 years later. Each to their own I suppose.

Nighty night.
Michael.

[battlebus2] 24/8/2015 21:18

I think you've had too much air time already so I'll leave you to manage your portfolio for tomorrow...

[2breakout] 24/8/2015 21:18

Mike740, you're trying to talk down someone who has bought this stock at 25p, I'm sure he's not that bothered by your posts, but like he asked you set up a different thread for your posts.

[mike740] 24/8/2015 21:05

Thats not the main concern at the moment its, managing the stock and having a trading plan set for tomorrow, to cover every eventuality.

Same with your whole portfolio.

Remember this, its not the good stock pickers who win in this business its the good managers.

[liquid millionaire] 24/8/2015 20:48

No doubt 0p!

[battlebus2] 24/8/2015 20:47

With your experience Mike can you tell us what your target price is??