Leeds Share Discussion Threads

[spooky] 07/3/2005 22:21

Well my investigations don't appear to have shed any light on who the Emslies are,has anyone else had any more luck ?

[poacher45] 07/3/2005 14:43

I notice the Emslies have bought another 0.4% since the annual report was sent out. cg1953 I shall be contacting you shortly there are a lot of questions that need asking at the AGM.

[hugepants] 07/3/2005 14:04

Interesting and a nice rise today. Arthur, what other stocks are you holding?

[arthur_lame_stocks] 07/3/2005 13:34

Hands up if you're one of the Emslies.



And Claesson wants to vote at the AGM. Is he afraid there will be shareholder revolt?

Arthur

[spooky] 24/2/2005 21:39

I think you'll find the market is currently short the stock.

[jhan66] 24/2/2005 19:46

hey- My feeble £1400 buy raised the company value £300,000 today.
I think it's only fair the company pay me a retainer as clearly the MM's follow me closely. Say 5%? I'll take the £15K in cash rather than shares if you don't mind.

[spooky] 18/2/2005 12:29

For what it's worth from someone who hasn't been involved over the last couple of years,i think the current price discounts almost every possible negative development and none of the positive ones.I think they are too cheap,i purchased 150,000 yesterday and will look to add.

[arthur_lame_stocks] 18/2/2005 10:08

If you two are going to the AGM, can you post here with anything worthwhile (if you can get anything worthwhile out of them).

I would be interested to know why they made us wait 2 months for the results when there was nothing exceptional to report.

Perhaps the Swedes will make a cheap bid for the whole group. Personally i'd welcome 22p a share now. Maybe they're happy to see the share price so low for this reason?

Arthur

[cg1953] 18/2/2005 09:56

poacher45.
agree completely.
as usual more questions than answers and in the interim its just drip drip drip
the 2 largest shareholders seem happy to sit back and let the company muddle along. its been cozy collusion for some time now and i cant see whats going to break the mould.

[poacher45] 17/2/2005 17:24

Every year they tell us this is the year, it will get better this time, it will come right. They never even bought the right computer system and even that cost us money instead of making money. Why is there no director on the board fom the european operation? Answer they make a profit they would not like them to see how inefficent the British operation is. All we are doing is paying massive salaries to directors who are happy to sit back and do nothing. Why were we not told the figures 2 months ago whats changed? I do not find any comfort at all in the fact that the tax losses are growing.

[stewjames] 17/2/2005 16:29

Let's hope it's not because they're not making any money, eh?!

[hugepants] 17/2/2005 15:45

Also note there will be no tax payable in the immediate future on the UK business.

[stewjames] 17/2/2005 14:28

Looks OK to me. OK, there's not any particularly good news, but then that's already reflected in the price!

I'm very confident it will come good eventually.

[langland] 17/2/2005 14:26

It is disappointing that nothing, it seems, will come out of the Strines site. However, on the assumption that they have finally stabilised the situation at Leasing, what can we hope for? My view is that £1mn is possible pretax for this year (which is already 4+ months old). So the current mkt. cap. at £5mn is quite a cautious valuation but understandable because of the recent history. I would have thought a trade buyer could be found for Leasing and maybe one of those interested last year may come back once there is some confidence that the business is prospering. BTW my idea of £1mn pretax is based upon 600k for Leasing and 900k for Hemmers. So, in effect, we are shareholders in a 5mn co which has the ability to make £1.5mn per annum. Hence the need to split up and sell off the 2 companies. The central costs of 500k take too much away from the group value.

[poacher45] 17/2/2005 13:30

Every year this just gets worse I hope this year shareholders will vote against every resolution just to show solidarity. I shall be attending the AGM for the third time and i hope this year to recieve some support.

[arthur_lame_stocks] 17/2/2005 13:21

HugePants

Just had a look myself

These results do raise some questions. Notably why did we have to wait two months longer for them considering there was nothing unusual to report.

Anyway, my quick take.

Bad - No overage payment, I really thought we were in for something and it was for this reason the results were late.

Neutral - Loan notes, have been sold 150k, plus 50k per annum for 3 years and up to a further 375k if Langholm is sold before 2009.

Hemmers - Profits flat this year.

Good - Leeds Leasing has returned to profit and is trading ahead of forecasts.

The whole group trades on just 9* Hemmers net profit and a substantial discount to net assets.

So we can pretty much draw a line under any deferred consideration and have to hope that they will now look to deliver some shareholder value, the outlook is pretty good, hopefully we can look forward to them reporting a profit for the year without any exceptionals cluttering things up.

Arthur

[hugepants] 17/2/2005 12:52

Results out.



Just had a quick look.

400K pre-tax, pre-exceptional profit on continuing business.
NTAV over 11M. So discount to NTAV > 50%

[arthur_lame_stocks] 17/2/2005 08:28

Did anybody see todays results from Potential Finance PLC?



Peter Gyllenhammar owns over 8% of this small factoring and asset finance business. I've been wondering if he's thinking of some kind of sale/merger with Leeds Leasing to create a larger group with some economies of scale/cross selling opportunities.

He may just have bought on value grounds, since they tend to trade at a discount to NAV.



Arthur

[langland] 07/2/2005 09:54

para 1... maybe a div but I doubt it.

para2 .... depends on how much of the site is developed (I believe) not the number of dwellings or its use. So I reckon we could get large percentage of the £1.45mn.

para 3 ... fair description

finally, I have not seen the plans .... It's possible they are available at Stockport council offices?!

[arthur_lame_stocks] 05/2/2005 13:44

Good news Langland. I still think that this is the cause of the delay in publishing the results. I think they want to get this cash in and may pay it out as a dividend.

I tried to find out previously from MW how much Leeds might get from this new application and he said they hadn't worked it out yet but he pointed out that it was part industrial so perhaps this will lower the payment to Leeds?

The thing with MW is that he never really answers my questions. He always replies but he's always a bit evasive, perhaps he doesn't wnat to get in trouble with the regulators.

Incidentally, have you seen the new plans for the site? is there a weblink?

Cheers

Arthur

[langland] 05/2/2005 13:27

it should just be a case of determining how much a percentage of the £1.45mn will be due to Leeds. I am hoping for a high figure since the new plans seem more extensive even though there are fewer dwelling planned.

[shirishg] 04/2/2005 06:18

Post removed by ADVFN

[cg1953] 04/2/2005 01:31

POACHER.
in the likely event that the final results are going to beg more questions than answers; perhaps you would care to email me at [e-mail]
so as to coordinate an effective campaign for the forthcoming AGM.

[cg1953] 31/1/2005 10:03

arthur.
you maybe right in that a 'declarable' postion emerged after.
all pretty academic now.pg has lost a great deal of money.
stuart wallis [remember him ?]oversaw the abrupt change from returning cash to buying in the usa.he then resigned.
yor is now bust and thankfully, although livid, i got out at .40 having paid .68
on the liquidation proposals.subsequently they touched .85.

[cg1953] 31/1/2005 10:02

arthur.
you maybe right in that a 'declarable' postion emerged after.
all pretty academic now.pg has lost a great deal of money.
stuart wallis [remember him ?]oversaw the abrupt change from returning cash to buying in the usa.he then resigned.
yor is now bust and thankfully, although livid, i got out at .40 having paid .68
on the liquidation proposals.subsequently they touched .85.