Garner Share Discussion Threads

[4screws] 06/8/2008 22:12

elscalderes, its also interesting that over the past month with only a few sells the price has dropped a fair bit...but with buying much more than the sells, even if the buying is small, the share price has not moved. Thought I was alone here.

[elscalderes] 06/8/2008 20:41

with the share price in the doldrums and results out probably some time in August it is interesting to see the current buys going through and yet none are for straight k denominations.
Answers on a postcard please

[4screws] 01/8/2008 15:39

ok...now we know we are being ripped off....buys but no movement.....but who is buying....

[4screws] 29/7/2008 15:42

£420.00 sale and down 10% does anybody still hold garner as I appear to be talkning to myself and watching this collapse with no news and very little sales.

[4screws] 17/7/2008 15:31

1 more trade and down 0.25, will not take much at this rate for this price to plummet.

[4screws] 15/7/2008 14:53

3 trades in as many days and down 105, seems like any sell drops it 0.25 points, it would appear that it would not take many buys to push this up in my nopinion...or is this just more market manipulation.

[chairman2] 22/5/2008 23:04

Anyone bother turning up at the AGM??

[sniffer333] 16/4/2008 15:29

GAR makes another half million profit and further reduces its liabilities. Turnover increased to over £3m. Not as good as I had been expecting but still very positive. Looks like a deal with a company in the US is likely - should boost earnings further.

Costs under control, turnover up, good profits, deal in the offing, "strong position", Roy Stanley increased his holding to 11%, other directors have increased their holdings, gearing is coming down.

LIABILITIES
31 Dec 2005 (GBP) 31 Dec 2006 (GBP) 31 Dec 2007 (GBP)
3.78 298.82% 3.35 212.10% 3.14 170.67% m

The above liabilities are mostly owed to the 'prefs'.

Hopefully those who wanted to get out have now sold. Those who can see the upside are still here. If you take a look at the share price graph you can see that after each spike there has been a settlement in the share price at a new higher level.

No doubt there will be an attempt by a certain poster to talk this good news down - he/she has his own agenda (to pick up stock more cheaply) so don't be surprised - just be warned.

[chairman2] 31/3/2008 16:42

I get nervous in these banking markets
when AIM ompanies blithely talk about
getting better banking terms

[chairman2] 31/3/2008 16:40

anyone got any ideas what lies behind the change of advisor??

[michaeld] 31/3/2008 08:52

Not bad; good potential.

[buggy] 31/3/2008 07:18

Not bad results but with the current difficulty in economy, hard to predict where hey wii go from here. Already this has impacted the 2nd half results.

Still not out of the woods. Would love to hear sniffer's take on this if he is still around.

[shaunjph] 31/3/2008 07:13

Final Results




FOR IMMEDIATE RELEASE31 MARCH 2008 GARNER PLC ("Garner" or the "Company") FINAL RESULTS TO 31 DECEMBER 2007 CHAIRMAN'S STATEMENTAt last year's AGM we set out our strategy of continuing to secure the team,
broaden our client base and maintain profitability. All of this we achieved.Whilst the first half of 2007 proved strong and saw us winning a lot of
assignments including from new clients, the second half had to be focused on
delivery. The credit crunch affected all markets. Although we did not encounter
poor trading, certainly client decision making took longer.
Whilst turnover for the year shows an increase of 19 per cent to £3,122,000
(2006: £2,612,000), the turnover for the second half was down on the same
period last year. Profits decreased slightly (4.6 per cent) as a consequence of
higher staff costs resulting in pre-tax profits of £494,000 (2006: £518,000).However, a lower tax charge means that post tax profits were up 10 per cent at
£402,000 (2006: £365,000). Earnings per share are: 1.06p (2006: 0.97p).
Net debt at the year end has reduced to £1,183,000 (2006:£1,287,000) with the
Group generating net cash flow of £104,000. This cash flow represented a
reduction in borrowing of £25,000 and an increase in cash balances of £79,000.Net liabilities at the year end were £1,301,000 (2006:£1,703,000 as restated),
an improvement of £402,000. We have now put in place a more advantageous
banking arrangement designed to give us more operating headroom for growth.
The increase in our cost base was almost entirely a result of improving our
reward strategy for our consultants in achieving key targets of both improved
billing levels and broadening our client base. We were delighted to win another
FTSE 10 client with whom there is the potential for a significant relationship.Of equal importance was the work of one of our colleagues who was very
successful in winning volume business from clients' digital business
assignments.
Adding to our client base is essential in protecting our commercial
performance, and this remains a priority not only for 2008 but in the long
term. It is worth noting that we increased our client list by five companies in
different sectors in the first two months of 2008. Our expertise now stretches
across technology, media, packaging, professional services, public sector and,
of course, banking and real estate.
With reference to growing the team, we are being very selective. We will be
announcing some additions during 2008 as we plan to launch a new specialist HR
practice in April and a Digital Media practice in May.
Predictions for the future are not easy, not least because our clients are
finding forecasting difficult too. Strategically, however, there are some good
signs for Garner Plc. Our consultants have well established client
relationships and more of our assignments are for work to be done overseas,
e.g. Ireland, Germany and the Middle East.
Finally, we have been working on a new trading relationship with a leading US
search firm about which I hope to make an announcement soon. This will enable
us to leverage globally many of our UK client relationships. Overall, we think
that we are in as strong a position as we could be with a good and committed
team and costs under tight control. I look forward to sharing with you our
progress at the half year.
J BARTLEChairman

[sarscars] 31/3/2008 06:48

could be a share placing at around 6p to raise more funds ' thats maybe why the share price is falling back it could mean some one knows something we dont ' results look like they will be strong

[4screws] 28/3/2008 09:31

oh by the way, its not dropped below 6p...so not buying yet...but ready

[4screws] 28/3/2008 09:30

sniffer when r u expecting the results.

[jimmycarter] 26/3/2008 22:54

Thanks Jacknife for this insight

Looking at the accounts - I am by no means an accountant - isn't it the case that net debt came down from £1,684( at the start of period end dec 2006) to £1,287(end of period dec 2006). It also came down from £1,945 (end 2004) to 1,721 (end 2005). So for me the fact it has gone up abit from 1,287 to £1,340 at June 2007 is not of great concern albeit it is worth recognising for sure as this company does hold debt and this is the one thing holding it back at the moment. This has been recognised and you expect profits made to be transfered into reduced debt over time.

I do think profits if increased as they have consistantly over last 18 months will provide the platform for movement in this company. Whether it can rid this turbulance in the Markets is another matter. Results will be very interesting.

I do not think Garner are neceasrily out of the woods but they have sure helped their cause over the last 18months.

[jimmycarter] 25/3/2008 23:40

Does anyone know when results are out?
Someone mentioned 31st but is this for definite?
One large sell the other day doesn't fill me with confidence but I would say this company if it performs how it has done over the past few quarters it should be going places? Not sure how much the pref. shares scenario will have on its share price but the way I look at it is if profits are high enough over the comming months/years debt will take care of itself?

[linhur] 23/3/2008 13:26

Buggy

Do not disagree with your view of what the strategy should be.

However Mr Garner has shown a reluctance in past placings to allow his holding to be diluted which raises the bar too high. No doubt he will want to exit at some point which might lead to a review of strategy.

[buggy] 23/3/2008 11:27

Linhur,

I have always maintained that the strategy is to raise the share price high enough to allow them to do a placing at a decent price. The proceeds of the placing would then be used to redeem the prefs and strenghten the balance sheet.

Up to the end of last year the recruitment sector has been upbeat. The prospective down-side risk now is the state of the global economy. If there is a downturn then this will impact on the recruitment sector at a time the company needs to maintain the momentum built over the last 2 years.

[shaunjph] 23/3/2008 10:35

............cheers 4screws..........made up for ref............

[linhur] 23/3/2008 10:22

All the accounting treatments in the world will not alter the legal position of the preference shareholders as that is governed by the Articles of Association.Preference shareholders are still entitled to a dividend before ordinary shareholders.

This should impinge on the value of the ordinary shares, especially if the Company improves its profitability and cashflow.The only way the ordinary shareholders will gain a return is by realising the value through a share sale.

Linhur