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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fayrewood | LSE:FWY | London | Ordinary Share | GB0003324794 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 123.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
01/7/2008 19:35 | All sells today as per norm recently...sp flatlined...zzzzzzzz | badtime | |
16/6/2008 13:37 | OBR--I suspect that they can't be bought back in any size.In any case NAV bought in the last available block,and I assume if they can't buy any more---then FWY won't be able to either. | manouk2 | |
16/6/2008 10:16 | I am surprised FWY is not buying back shares in the market as and when they are available at current prices. At current levels that is a no-brainer method of increasing value for remaining shareholders. | old boy returns | |
15/6/2008 19:59 | erm complaining?..perhap | badtime | |
15/6/2008 19:18 | What are you all complaining about? This is one of the few companies whose share price hasn't fallen in recent months. Canny directors didn't like the industry,got in to cash at the perfect moment,sold businesses for prices unobtainable today,and waiting to ensure they bring --with patience--the right result for ahareholders.They have really delivered in the last three years. | manouk2 | |
14/6/2008 09:36 | i wud nvr hav guessed...ta ta thn | badtime | |
14/6/2008 07:21 | no, I'm not | puffin tickler | |
13/6/2008 20:25 | Anyone still around? | badtime | |
28/5/2008 16:58 | off a tad...few sells ther | badtime | |
28/5/2008 11:27 | Boring statement. Good news on the fact that no acquisitions are planned, bad news that Interface was loss making in Q1, but this is tempered by the fact that profits are expected for the full year (as Interface is H2 focused). Less good is the indication the Interface is carrying stock risk. I hope this risk is limited as you can't sensibly run a business on very low margin and run stock risk. The majority of the stock risk should be being pushed back to the vendors like IBM. | scburbs | |
28/5/2008 10:44 | The termination of talks was only three weeks ago when we were told: "Following the termination of discussions, the Board proposes to continue exploring methods of returning the maximum amount of capital to shareholders in the most tax efficient, timely and cost effective manner that is practical." So must be still working on it. | aquilla | |
28/5/2008 10:33 | AGM statement and no news on cash return other than they arent going to use it for an aquisition | betman | |
27/5/2008 14:21 | FWY AGM tomorrow, surely there will be an announcement of how they are going to return cash ??? A buyback at 125p ??? Very surprised no movement on the shares today | betman | |
08/5/2008 16:38 | I think that for the normal 6-month rule about not bidding again to apply, they'd have had to bid in the first place! They haven't - they've just talked about the possibility of bidding, but eventually decided not to. Gengulphus | gengulphus | |
08/5/2008 16:22 | Yeah, I'd guess that NAV didn't come up with a decent enough offer in the eyes of the management and they wanted to press ahead with their plans to return cash via tender/divi/buybacks | dangersimpson2 | |
08/5/2008 16:06 | Just .5p down on the news now. I did check and apparently because FWY made the announcement and not NAV, the normal 6 month rule for not bidding again does not apply. So who knows. We might see another bid from NAV at some stage. | aquilla | |
08/5/2008 13:33 | Well this news comes as a surpise. NAV holds 24% of the company (unless those two 4.4 million trades was NAV offloading!). Anyway the news hasn't had too much effect on the sp, there's £32m cash and trading is expected to be in line. Overall not too bad. | aquilla | |
08/5/2008 13:22 | Good question. It would help if we knew what the board's expectations were!! On the subject of cash, from their statement they seem to have just over £20m of unencumbered cash and they want to return the maximum they can. So, I would guess this means 70-80p per share. MJ | mjcrockett | |
08/5/2008 13:10 | Is anyone able to offer a view on this? £37m in cash and trading in line. What's Interface Solutions worth? McT | mctmct | |
08/5/2008 12:57 | Offer Talks Terminated RNS Number:9916T Fayrewood PLC 08 May 2008 Fayrewood plc End of Offer Period and Trading Update Fayrewood plc ("Fayrewood" or "the Company"), (AIM:FWY) announced on 30 November 2007 that it was in discussions which may or may not lead to an offer being made for the entire issued share capital of the Company. On 17 December 2007, the Company announced that these discussions were being held with North Atlantic Value LLP. Fayrewood now announces that these discussions have been terminated. As at 30 April 2008, the Board estimates that Fayrewood's net assets were #36.9 million of which approximately #32.2 million is represented by cash. Of this cash balance, Euro6m is held by Barclays Bank plc as security for a bank guarantee they have provided to Esprinet SpA, the purchaser of UMD SA. to cover certain warranties and indemnities provided by Fayrewood in relation to the sale of that business. #5m is held in a blocked deposit account as security for stock provided to Interface Solutions by IBM Global Finance and a further #1.3m is on deposit with Barclays Bank plc, as security for Interface's bank facilities. All other cash balances are unencumbered. Following the termination of discussions, the Board proposes to continue exploring methods of returning the maximum amount of capital to shareholders in the most tax efficient, timely and cost effective manner that is practical. Trading at Interface Solutions, Fayrewood's only trading business, continues to improve under the direction of Keith Negal who was appointed Managing Director in January 2007 and whilst it is still very early in the year, the Board expects the results for that business to be in line with their expectations. | cyberpost | |
30/4/2008 09:31 | O gd glad u mentioned tht...wondered y the drop | badtime | |
29/4/2008 22:00 | Yes. Exdiv tomorrow so will open a couple of pence lower. | deswalker | |
29/4/2008 20:56 | anyone here? | badtime | |
18/4/2008 10:34 | quiet ere innit | badtime |
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