Instore Share Discussion Threads

[jacobia] 21/5/2008 16:20

I heard through the grapevine that it was always their intentions to purchase short shelf life stock and try to sell via Instore shops. This certainly seems to be doomed though. Perhaps they will step in soon and take private????

[she-ra] 21/5/2008 13:51

Its seems that most of the food and drink in my local store (even 500ml bottles of coke!) are close to the sell by date.So it seems that Instore is buying off Crown Crest close to sell by date food.Should Instore be really doing this and are they paying a fair price for stuff that hasnt sold with Crown Crest? Are Instore able to buy end of line products that arent from part of Mr Aziz's companies?

I also dont understand the Ponden Mills purchase.It would have seemed prudent to keep hold of the cash.Is there a rush to use up all of the cash?

[libbyb] 09/5/2008 00:13

Not every thing is bought from Crown Crest, yes the Food all comes from his company but the other goods are from suppliers that Christ has dealt with for years. If you contact Operations you can get a list of there suppliers

Regards

[fillipe] 08/5/2008 15:29

jacobia - normally this would be partly down to the non-exec directors, but it depends on just how independent they are and in the face of a poor deal for shareholders whether they are men of steel or men of straw, in terms of how firm they can be to any buy-out working directors. You have to look at their creds and decide......

All just my thoughts. I've been watching this one shade away for yonks now, but haven't had them since the old 2003, 85p, Brown & Jackson days.

f

[jacobia] 06/5/2008 16:56

What would happen to us poor investors if this was taken private. Does he have to pay a fair market price or ?????

[5hake] 03/5/2008 21:01

A further significant change to the Board occurred in July when Aziz Tayub, a
director of Seaham Investments Limited, agreed to join as a non-executive
director. Although acting in a non-executive capacity, Aziz has dedicated a
great deal of his time and energy to advising and guiding certain areas of the
business, particularly the buying function, where his experience and business
acumen has proved invaluable. BY ADVISING EVERYTHING IS BROUGHT FROM CROWN CREST GROUP

[5hake] 03/5/2008 20:54

crown crest has invoiced £6.5 million in goods and even sold instore a 35k car take a look at report. all in the bank for crown crest where azizs is the owner and controller and his brothers rashid and others his sons also in the business

[5hake] 03/5/2008 20:50

libby he is not his bother in law but his brothers brother in law, infact thy have taken over instore, crown crest is owned by them they supply all the good to instore the shares that they have purchased have been paid for via goodsthey have put into the stores, they will run it down and take control of from admin i know these guys very well.rahsid is back seat drives around in a bently aziz is the key player they want to take it off the stock market so they do not have to disclose news etc very clever business men and loaded i know these guys i have not brought any shares and i do not intend to

[libbyb] 03/5/2008 19:30

He is Aziz's brother in-law, there is more of his immediate family coming in to take up positions within the company. I work in one of the stores so we get the memos in from head office 2 weeks before it is announced.

As you say, the gossip going around is he doesn't have the experience but Hey what, so long as you are family.

Regards

[ialwayswinatmonopoly] 02/5/2008 16:22

So who is Ebrahim Suleman, the new FD? Is this just jobs for the boys or does this character actually have any credentials?

I hope for everyone's sake (not least the shareholders) that he is experienced enough in the complicated finances of a PLC and that he has a good imagination!!!

My guess however, is that he's a two bit, unqualified back office 'number cruncher' who is one of Aziz's buddies, brought to the fore and working on 'mates rates' in an effort to justify his appointment.

Does anyone have any answers?

[801710245] 08/4/2008 18:05

A tinge of BLUE and a hint of bargain hunting perhaps?

[ialwayswinatmonopoly] 13/3/2008 14:35

This will continue to flake and the board will do nothing to gain shareholder/stock market confidence.

The agenda of the major shareholders is to completely take this off the market and the stock brokers are under orders to soak up any sizeable/institutional blocks of sales that come onto the market for their personal benefit.

It is in the interests of the major shareholders to watch the shareprice naturally erode thus presenting them with a cheap way of taking the company off the stock market.

It serves no purpose what so ever for a company of this size and type, run by & owned by entrepreneurs to continue to be listed on the AIM. It just creates an unwelcomed distraction to the finance dept in them having to report into the market every time they go to the bog! The last they want is to dance to the tune of the FSA. You only need to look at the action of the FSA against the company in January last year when they were fined £3m for alleged late notification of trading figures.

OK. You might say "oh well then at least I can hold onto my shares and wait for the de-listing". Well, by that time the price could be less than 5p.

[801710245] 19/2/2008 12:27

CR,
Your post was 1 minute after the mere 25K share purchase which pushed the offer up from 11.25 to 11.75. Amazing what a couple of grand spent, can to this share price ..

It wasn't you nibbling was it?

Jim.




12/03/2008 edit:

Drifting away, drip drip drip.
The last time I got tempted to sell (and did so) the share shot up - so holding on come what may.

[cockneyrebel] 19/2/2008 12:16

On the up now tho - shares always move in legs rather than on rocketing rise. Think the punters wil be trying to buy this dip myself.

CR

[801710245] 18/2/2008 15:54

What a dull day after last week's interest...

[libbyb] 16/2/2008 23:17

some of the shops in England only get a delivery 3 days a week, my shop gets a delivery 5 days a week, yes he stripped down the dc center and paid a lot of the staff off, he has brought a lot of them back again. Senseless to me. We actually write of more food than we sell as it only has a short sell by date.

Regards Libby

[jacobia] 15/2/2008 18:49

Mr Tayub had only been in for a couple of months and he was stripping down his distribution staff. Then he factors in his other companies products ( cheap food, toiletries etc ) and switched to a little and often delivery profile to cope with cheap short shelf life stock. The purchase of additional property in prime locations and the reduction of poor performing stores. I can only see this going 1 way and that has got to be up. I may be completely wrong of course but it will either move up or be bought out. imo.

[cockneyrebel] 15/2/2008 12:46

14p looks cheap - look what they were not long ago - I reckon these can go a fair way yet.

Why are these foreign guys buying a big chunk. I think they know how to get supplied on the cheap and trip cost of distribution. That or other corporate action that the Chairman seems keen on too.

Nearly back down to that little shoulder on the chart which will be the punters' target buy level for the next leg up imo.


I used to own these a couple of years ago 8017......, the potential is dead horny imo.

CR

[801710245] 15/2/2008 07:30

Meanwhile, Sainsbury are building a new store at the top edge of Dartmouth. No sign of Sainsbury rationalising, concentrating or going 'belly-up' for that matter...

CR,
Have you been in INST long? - I bought in near the bottom in the hope of 'recovery' / bid / buyout. 14p would tempt me in to selling - yourself?

[cockneyrebel] 14/2/2008 20:18

Rationalisation?

I'd have thought if you can concetrate yous stores in a tighter area the distribution costs and admin are reduced. Scotland is a bit of a track - a bit tight up there too so the rumour goes - perhapd they are gettin gthe stores tightened up in areas where they see the highest spend.

CR

[libbyb] 14/2/2008 19:08

Don't know what is going on up here in Edinburgh but they are closing 2 shops, one will go in 2 weeks time, the other one will go in May. You have the store at Fort Kinaired in Edinburgh which is the number 1 store in Scotland, well the Manager there has just been Head Hunted by TKMAXX, he finishes up tomorrow so that left the Duty Manager and the 2 Sales Manager, surprise surprise the 3 of them finish up on Sat, so that leaves the Number 1 store in Scotland in Edinburgh with no Management staff.

Word going around is the Area Manager is running around like a Headless Chicken

Don't suppose it will do much to your shares though but people are getting a bit jittery up here.

[cockneyrebel] 14/2/2008 08:29

Next leg up starting imo.

CR

[profiting] 14/2/2008 00:15

Interesting 140k buy at 12.25p before the close. Any ideas why so high?

[801710245] 12/2/2008 15:40

They be nibblin' again...