Caffyns Share Discussion Threads

[checkers2] 31/5/2019 07:45

Common Caffyns, was hoping see there full year results today. Not yet it seems...

[strathroyal] 12/2/2019 14:35

I see that they have put a second site up for sale with CBRE, the property that is presently rented out at Lewes.

[cjohn] 30/11/2018 08:43

Undoubtedly, it partly reflects the large drop in new car sales in September.

[coolen] 28/11/2018 20:58

Could lower figures for both debtors and creditors signal a tailing-off in turnover ?

[cjohn] 27/11/2018 10:25

They were able to produce these decent results in spite of the 10% fall in like-for-likes on new car sales!

Operational cash flow was at 5.2m, but this includes a decease in receivables of 5.5m, which will be a one-off and may reverse in the next period. (Having said that payables droped by over 3m as well.)

[clemo69] 25/11/2018 20:06

Half year cashflow looks huge for a company with a market cap of 10m unless I am missing something.

[arthur_lame_stocks] 23/11/2018 08:28

Yes I thought the results were pretty good considering how tough the new car market is at the moment and the divi has been maintained.

[value hound] 23/11/2018 07:26

Excellent results - but divi stays the same. There must be consumer headwinds etc., but to say it's already in the price is an understatement.

[ntv] 23/11/2018 07:18

presume the write down of the property is for the one up for sale but as usual companies never fully disclose.
still good results considering the market place and other performance in the sector
deficit on pension fund is falling
not sure it will do so well in the next 6 months

[value hound] 19/10/2018 07:48

I was thinking the same - and I hope you're right. Either way, I can't see it being a bad thing even if he is colluding with the family, but this only applies for those of us who bought at, or near, the current lows. If there's collusion and if they take it private, it won't be much above the present price I imagine, but it will be some way above, as it has to be (though I can't remember the exact AIM rule that applies here re prevailing / average price etc.).

[clemo69] 19/10/2018 07:34

Yes I would say its totally possible. However he just doesn't strike me as a passive investor.

[value hound] 18/10/2018 10:25

Is it not possible that he's happy to take the >5% yield, and allying his interests with shareholders (of whatever type) in the knowledge that they'll run it in shareholders' interest generally and that it's at a massive discount of course?

[clemo69] 18/10/2018 10:03

If Mr Perloff were going to do a deal with family to take this private thereby shafting PIs. Why would a non exec and the Chairman be buying shares in the open market? Presumably they would know enough to know they would be going to get shafted like the rest of the common shareholders. Or was the amount too small for them to be bothered about and they are doing it as a smokescreen? Just trying to figure out where this is all going. They is obviously huge value here but who is going to end up with the pie?

My feeling is Mr Perloff must have done a deal with the family. Either he is buying as a passive investor- i do not believe this he has no history of this. He is with the family or going to try to do something by buying the common. However the pref shares make it impossible to do something hostile. Therefore he must have done a deal with family. He is not that stupid to not understand the limitations of the preference shares. Plus he has history of doing this sort of thing before. However that is where I come back to insiders buying the common? Just trying to make sense of it all.

[value hound] 15/10/2018 12:27

And you were spot on, too, JAF111.

[jaf111] 15/10/2018 12:24

Spot on NTV.....11.31% to Mr Perloff to be precise

[ntv] 12/10/2018 17:16

If that's Mr Perloff adding today then he must be through 11% so expect another announcement pretty soon as 9750 went through at 415p

[strathroyal] 07/9/2018 15:47

Interesting that AP has got to this level without the share price tightening so presumably there are a number of apathetic/ unhappy shareholders out there.

[ntv] 07/9/2018 14:38

Ed123
that is just change of ownership due to a Will
check out major shareholder list

[ed 123] 07/9/2018 13:41

Yes, but the Caffyns have been mopping up too. AEF Caffyn Will Trust declared almost 4% today, and they have other Ordinaries and the voting Preferences too.

The Caffyn family has control.

Maybe Perloff will be long term holder, quietly collecting his biannual dividend?

[value hound] 07/9/2018 12:33

Indeed. So what's his agenda or does he simply not have one and is in it for the obvious value / yield?

[ntv] 07/9/2018 11:32

Mr Perloff's holding now nearly 11%

[coolen] 20/8/2018 21:42

Excellent spot NTV !!
Perloff will be looking at those unquoted pref shares with a microscope.

The worst outcome for PIs would be an ongoing remuneration deal with the family and a modestly-priced transfer of the unquoted prefs, followed by a low tender offer for the ordinary shares.

[cjohn] 20/8/2018 08:38

Well spotted and thanks for posting.

[ntv] 19/8/2018 12:04

former audi site up for sale in worthing