Brady Share Discussion Threads

[aishah] 04/12/2015 10:09

Kestrel LLP hold over 18% now

[tell it as it is] 03/12/2015 09:48

How much do you need to pay a CEO to take a share price from 61p in July 2007 when appointed to 43p in December 2015 ? And for that matter how much do you need to pay the chairman who watches that happen ? Being a chairman can't be only about taking credit on the upside and blaming others on the downside.

[1356] 02/12/2015 12:05

I hold Brady, having been in for 2.5 yrs at an average of 81p - very disappointed in this update obviously, but thankfully it's less than 4% of portfolio... so i'm not selling at these low levels - but i'm not buying either, since i want to see the full final results and see how protracted the recovery could be. I feel they're a good company, with good product, but now question management.

Record with software has been good in 2015 (with GBG, KBT, EMIS and DOTD) but this is a bad turn.

As someone else said - you think a risk management company would hedge better than put themselves at risk like this. But this is a cyclical market and i guess i'm just waiting to see if they can hold above water until the recovery.

According to interims, they had £7.5m in cash - 4 months later they have £4m. So i'm expecting a placing and dividend under threat - although they're priced in now. Next year, it'll be time to reassess... for now, watch the sellers do their thing and see where the price settles. Shame.

[igoe104] 02/12/2015 08:14

These have got to be worth buying at this level, commodities prices are due a bounce. stock piles are dropping, so demand isn't meeting supply at the moment, so prices will have to rise soon.

[cocker] 02/12/2015 08:00

Vallad point above. Perhaps order not yet filled or buy back not complete.

[igoe104] 02/12/2015 08:00

It worked with Lrm, the directors purchased shares after a drop and the price is nearly back to pre-drop price. Will BRY directors do the same ?

[abcd1234] 02/12/2015 07:59

woody... can u down-size that chart pls,,, as it has destroyed the page layout,,, thanks

[tell it as it is] 02/12/2015 07:08

I was hoping to wake up and see that directors had bought shares yesterday to make the point that the fall was overdone. But no announcement. Let's hope they are in a close period owing to something else.

[woodcutter] 01/12/2015 14:46

Been a holder here in the past and struggled to beleive the story having left at break even some years ago. Some well respected investors here too so my sympathies. Very disappointed at the manner in which this has been handled by the directors the story seems to have been very badly mismanaged particularly the after hours statement.

There were several warnings though on the chart, i know charts are not infallible, but there were a number of compelling signals which gave a clear sign the trend was changing.

woody


free stock charts from uk.advfn.com

[puffintickler] 01/12/2015 14:27

PWhite73

There is no way that this trading statement was written in October.

They might have drafted a trading statement but it would have been torn up and replaced by the one that came out last night.

If they were aware at the end of October that things were anything like as bad as they are they would never have bought those 150,000 shares at 80p on the 29th October knowing the price would fall at least 25% on their yet to be released profit warning.

Apart from anything else they could not trade if they were in possession of facts unknown to the market (i.e. a profit warning was about to be released).

[dlku] 01/12/2015 13:41

a company that puts out a dire statement after market close is not to be trusted

who knows when you may go bump in the night should they warn again


could be any day

[igoe104] 01/12/2015 13:39

I think commodity prices should start to improve soon, because stock-piles are declining. so we should see a improvement for trading conditions.

what confidence has Gavin Lavelle and the management team lost with share holders, that's going to be a problem ?

To me buying back shares at 80p, knowing problems could on the horizon is misleading share holders ?

And that fund that has recently topped its holding up (Kestrel ) must be swearing down the phone, at Lavelle and co.

AGM will be worth a visit.

[pwhite73] 01/12/2015 13:37

My comments have been made since the share price has halved. Trading statements can take up six weeks from start to release having gained clearance from all the directors, brokers and nomads. I stand by what I say and I still maintain at this price the company is undervalued.

[igoe104] 01/12/2015 12:22

What a disaster, I reduced by holding by 40% at the £1.06 mark. but after the share buybacks I felt this would bounce. so I was confident in holding rest. how wrong was I ?

I`ve now got a 6.5k paper loss, I`m not a happy bunny.

Why the hell did they use funds to buy back shares, when they clearly anticipate, bad news was around the corner ?

Hastings when you next meet up with management, give them a kick where it hurts.

[albanyvillas] 01/12/2015 11:36

One more profit warning and this will be 15p and then i will buy
Commodity sector is dire

[pj 1] 01/12/2015 11:31

You have changed your comment. You clearly stated they were preparing this statement in October.

[pwhite73] 01/12/2015 11:29

Are you suggesting as late as October they were not aware of trading issues and that having to put out yesterday's statement came as much as a surprise to them as their shareholders. If you really think that then I implore you to ignore all my comments.

[pj 1] 01/12/2015 11:21

PWhite73 1 Dec'15 - 11:16 - 1312 of 1313 0 1

In October they would have already been preparing this statement. The shares are cheap.
==============================================
If the Co been doing as you suggest then they were in a very serious breach of FCA Regulations which also resulted in some investors seemingly being given the chance to exit before the news.
Would you really want to be invested in a Co with such disregard to the Market and its stakeholders?

I am therefore ignoring your comments

All IMO

[tell it as it is] 01/12/2015 11:17

Not the best of calls by Kestrel either who are now the largest shareholder. This will hurt them as their AUM are not big enough to take an unexpected £4m hit on the chin in one day.

[pwhite73] 01/12/2015 11:16

In October they would have already been preparing this statement. The shares are cheap.

[hybrasil] 01/12/2015 11:00

They must be absolutely dim if they were buying shares back in october. For that reason alone I would avoid.