Instem Share Discussion Threads

[carola2] 15/11/2004 14:40

I have heard from an inside source that there are lots of changes in the structure about to happen

[blackbear] 12/11/2004 09:14

Manufacturing acounted for about 10% of the buiseness ,

nice tick up today.

[b14] 11/11/2004 17:15

Ibrox, dont be too hasty. If you gonna stop manufacturing and out source you'd be ill advised to outsource to the same manufacturer, they had better be looking overseas for cheaper suppliers... otherwise as you say, you'd have to put your prices up...... and probably loose all your customers, drop the turnover and still have all your management overheads and continue down the rocky road to ruin!

[ibrox] 10/11/2004 20:11

Blackbear, don't be too hasty. Interims put the manufacturing losses down for £800k, however 50% of manufacturing turnover was intergroup. Those transactions were losing the money, obviously you don't make profits inter group now do you, especially when you are blaming manufacturing. So where do you outsource the product from now that the manufacturing has gone? Answer same place as before, BUT you pay market prices and you can't dump management fees on them. Result, losses do not miraculously disapear. For that you have to increase prices, i.e. do what you should have done in the first place instead of just blaming the manufacturing.... not rocket science, though some people make it seem so.

[blackbear] 07/11/2004 01:47

ydderf still like these? Just coming on board this week , all the hard work and write off's is done , gettiing rid of the manufacturing side will make the company more attractive to investor's also. i recon my timing is about right on this one.

[ibrox] 05/11/2004 01:39

If Mr Moulton purchased so many shares I hope he wants them for a tax loss. This co's generic problems have not yet been solved. As next set of results will show.

[remraf] 04/11/2004 21:10

I guess it's quiet on here because nothing has been happening, however with John Moulton buying another million shares last week and 8 million shares traded yesterday, something is bubbling; does anyone know anymore about the the trades? my guess is it's positive as the market makers pushed the price up 4.5% today.

[ibrox] 04/10/2004 19:28

The annoncement re disposal of manufacturing operations GKS to Caparo, a shrewd company who know value when they see it.

No disposal of the site... carrying value? Who wants that then? As if!
Nominal value! Fire sale more like, here have it at any price. Oh and we want to buy everything you produce, at whatever price you're going to charge. Ooops where do we put all those management charges now?

Come to think of it maybe it isn't just manufacturing that's losing money.

[ibrox] 04/8/2004 18:30

I don't think your dividend will be so secure in future. Last accounts blamed manufacturing, whilst that is obviously a problem how is it going to go away when the manufacturing base is disposed of?
They'll still have to source parts from somewhere.

[geminian] 04/7/2004 16:08

Last time I looked, the board was quiet, Count me in too since 2000.

[empy100] 01/7/2004 17:42

Nice move up today, do we know why?

[baggywrinkle] 01/7/2004 13:14

What I like is estimated cash inflow of £ 7 to 8 million which, after maintained div and capex, could leave net debt of £ 9 to 10 million at end 2004, down from £12.3M at end 2003.

Plus NTAV per share around 28p now.

However, DYOR as my sums may be adrift.

[stemis] 01/7/2004 12:50

Company maintained dividend with announcement of results on 2nd March 2004. Despite profit warning, debt was reduced and now accounts for 24.6% of net assets. 2004 analyst forecast is EPS of 2.2 which would cover a 2.0p dividend. No need to cut dividend unless there is a disaster looming.

[stewjames] 01/7/2004 12:36

Possibly due to this post on the Motley Fool:



Served as a reminder for me (one of the buys is mine) and perhaps for others as well.

[baggywrinkle] 01/7/2004 12:08

Anyone any idea what has prompted this rash of buys today ?

[shirishg] 30/6/2004 11:32

Post removed by ADVFN

[micos] 30/6/2004 11:32

Thanks Ethin.
So there may be a reduction.

[eithin] 30/6/2004 10:02

Issued with Profit warning 31.10.03. Improvement since then.

31.10.03 :-7.75, (30.25) warns that after weak sales in August and September, current trading continues to fall significantly below expectations. As a result, the second half profit before tax and goodwill amortisation is likely to be lower than that of the first. In addition, exceptional difficulties have recently been experienced in the management and resourcing process for one large industrial contract. This has caused costs to be incurred in obtaining substantial amounts of parts at short notice, as well as delaying the benefit of extra production volumes into one of our manufacturing facilities. This situation and its related disruption to facilities is likely to reduce further the profit expectations for the current year by approximately £1.1m. Cash flow remains positive and a reduction of net debt for the year is expected. The directors anticipate maintaining the dividend for the year.

Hope of help.

[micos] 27/6/2004 14:26

Has anyone any news of a possible dividend cut?
At this price, it's paying 9%

[tubigrip] 22/6/2004 13:31

1.5million sells below bid today?

[suzie sue] 22/6/2004 12:14

Have a look at Tecteon. TEO. RNS this morning it looks very very good. pls dyor

[suzie sue] 22/6/2004 12:14

Have a look at Tecteon. TEO. RNS this morning it looks very very good. pls dyor

[property67] 14/6/2004 18:02

don't forget me