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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pinewood | PWS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 560.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 560.00 |
| Top Posts |
|---|
Posted at 07/2/2010 20:32 by loafofbread Fom todays Sunday Times.Activist takes aim at Pinewood Shepperton bosses ONE of the leading shareholders in Pinewood Shepperton will this week call for showdown talks with Michael Grade, the chairman of the film studio group, over his strategy for the business. Crystal Amber, which has built a 16.6% stake in the home of the James Bond movies, wants Pinewood to develop aggressively its property assets, which include unused land on its back lot. The activist fund, led by Richard Bernstein, believes it is not alone in its frustration that Pinewood, worth £74m, is undervalued, and has canvassed fellow shareholders for support. The company's largest investor, with 27%, is Peel Holdings, the property group behind the BBC's new Salford base. Aberdeen Asset Management and SVG Capital also own stakes. Pinewood shares have outperformed the FTSE All-Share index by 14% in the past year but at 164Çp still lag their 2004 float price of 180p. The company, which has been used to shoot many blockbusters, including Russell Crowe's new Robin Hood movie, has diversified into television to smooth income stream and has expanded overseas, though a £200m development of its Buckinghamshire site met with local resistance. Grade led a buyout of Pinewood from Rank in 2000. Not before time. |
Posted at 03/12/2009 09:03 by loafofbread MARKET REPORT: Pinewood drama takes a new twist By Geoff Foster Last updated at 12:17 AM on 02nd December 2009 Some people might say that activist fund Crystal Amber deserves an Oscar for building up a strategic stake in Pinewood Shepperton, whose film studios in Buckinghamshire were used for the production of Slumdog Millionaire, Harry Potter and various James Bond and Carry On film classics. But the shrewd investor surely topped up their shareholding to 12.34pc, or 5.4m shares, believing the real action could be about to start. Pinewood, 4p lower at 123p, has a meagre market capitalisation of £57.5m, net debt of around £44m and net assets per share of 154p. It has been a serious underperformer for too long and other shareholders are known to be getting pretty restless. Chairman Michael Grade and the board recently received a kick in the teeth when South Bucks District Council rejected 'Project Pinewood', its ambitious plan to expand Pinewood Studios, on the grounds that it comprised development in green belt. Rumours now suggest that the move by Crystal Amber (unchanged at 112p) could be a precursor to Peel Holdings, the property giant owned by billionaire John Whittaker, using its 26pc shareholding at last as a launch pad to bid for Pinewood at a level well in excess of the current share price. Whittaker owns Mersey Docks, the Manchester Ship Canal and the John Lennon Liverpool Airport and has always had his eye on Pinewood's vast property assets. With the share price on its knees and property prices gradually moving north, it could be a perfect time for him to pounce, leaving Crystal Amber with yet another tasty turn on its investment. |
Posted at 13/1/2007 20:35 by paulgolds75 From AOL UK home page todayTop share tips for 2007 It's always tricky picking winners on the stockmarket, and even the experts get it wrong. But if you can afford to take a bit of a gamble, and do your research properly, there's definitely money to be made. We've asked one of the country's leading stockbrokers to give us its views on which shares of the larger companies could give you a decent return over the next 12 months or more. Here are The Share Centre's top tips for 2007. (Please note that these should not be seen to be personal recommendations or investment advice. Our opinions are given in good faith and can change at any time.) Pinewood Shepperton Studios (PWS) The home of every single James Bond film from Dr No through to last year's Casino Royale is on Gordon Brown's Christmas investment list for 2007, as pre-budget tax incentives have been introduced to stimulate the UK film industry. The film production industry has experienced significant growth in recent years, driven by an increasing worldwide demand. Forecasts show strong growth from both cinema and home viewing of films and with the European market, home DVD sales are expected to grow by 8.5%. The British film industry has also benefited from its marked international appeal as, along with Bond, recent films Bridget Jones's Diary, Johnny English and Love Actually (each grossing over $100million) have all utilised facilities at the Studios and raised the profile of the UK within the international film industry. The company is also returning to paying dividends after omitting its dividend last year. This should be seen as a higher risk growth stock for investors looking for a famous name from the past that could reward. |
Posted at 04/1/2007 15:25 by m4m And the winner is.... If the London Stock Exchange handed out oscars for outstanding share price performance over the festive period, one would have to go to Pinewood Shepperton. Shares of the group, which houses the famous Pinewood and Teddington film studios, touched 285p and closed 17¼p better at 280p, taking its gain over the Christmas and New Year period to a stonking 27%. Demand has been relatively small but persistent enough to push the stock to a new peak as investors took the view that its vast and rich property assets in Iver Heath, Buckinghamshire, make it a strong candidate for conversion to a more tax efficient Real Estate Investment Trust. Rumours yesterday suggested that a cashrich private equity player could soon launch a bid for Pinewood and then convert it into a REIT. There was also vague gossip that chairman and 1.35% shareholder Michael Grade has had a change of heart and decided to stand down from Pinewood now that he has taken over the hot seat at ITV, ½p easier at 106½p. When Grade was at the BBC he faced accusations of a conflict of interest because he owned shares in Pinewood - which counted the Corporation among its customers. Grade could definitely walk as long as a suitable 'heavyweight' replacement is found. Pinewood Shepperton has seen group profits rise on the back of successful 2006 productions of the James Bond flick, Casino Royale and Robert de Niro's Stardust. There is a good pipeline of films coming through for 2007 but the shares' current popularity is all about property. The group has 41 stages, including six digital TV studios, preview theatres, backlots, gardens and woodland for outdoor shooting and one of Europe's largest exterior water tanks. |
Posted at 15/12/2006 12:58 by azalea In Sept the IC gave a 'Good value rating' @ 214p, citing promising prospect for the film and TV businesses. It highlighted that Pinewood had 2m sqft of extra space with planning consent, which could be developed for studios/media offices/workshops for third parties. It quoted analysts as being excited about PWS entering into a partnership with property experts - Morley Fund Management to develop Shepperton studios. Since Oct 06. 3 directors bought a combined £250k worth of shares at aound the current price. both SVG Capital (13.19%)_ and Barclays (4.88%)have recently increased their major holdings. In adding to all the above the list of star studded major investors and in particular Landsdowne (9.6%)Artemis Inv Man (9.38%) and JP Jorgan Chase (9.29%), clinched my own decision to buy. Backed by the above, it is my belief that there is a lot more to go for here and give the prime real estate PWS is sitting on, it is not immune from corporate action. |
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