Reflec Share Discussion Threads

[upthepool] 18/4/2012 21:26

Hot off the press from Reflec upcoming results. Just the one snippet for now, more later maybe;

The board of Reflec are pleased to announce their results for the period ending 29th February 2012.

Highlights include:

1) The reinstatement of Tom Hearly to the Board of Directors.

Commenting on the appointment Tom Robinson was heard to say that due to the success of the new Board in re-structuring the company Reflec was generating so much cash that the board felt they needed to employ someone with a proven track record to reverse that trend

ends

[man1] 18/4/2012 20:51

Well i hve a busy few months so i am hoping i have a free day to attend the AGM. Be good to see a few posters popping along .
Hoping they might have it after lunch , although it wastes the day it will give some posters time to travel outside the morning rush and expense

[philmac56] 18/4/2012 08:14

Nail biting stuff!!!!!!

[man1] 17/4/2012 18:46

Cant be long now :))

[upthepool] 29/3/2012 16:18

Of course it does clangor.....I take it you don't deal with accountants.....

Company gets the figures together, sends to accountant, accountant does the "black art" of accountancy and eventually out pops the company accounts. Well, that's what happens with my company anyway.

[man1] 29/3/2012 11:36

Hi Clangor,
I think it takes on average 6-8 weeks to do a set of accounts from my previous correspondence with the BOD.

So if mid may i dont think that's too bad , if queries are going back n forward between BOD and the accountant .
If we paid a top firm to do the books and they had a team on them im sure they will be ready in weeks , but when using a reliable local firm who we have a good repour wid , it may just take a little longer .
But like you say a minnow company so if they are ready earlier i dont see why they cant be published ..

[clangor2] 29/3/2012 10:43

Does one buy trade for 15 shares justify a price of £100/share. Questionable in the very least seeing as they'd jumped from £70 a few days before. The 2012 year's results will be the only reliable way to make a judgement so the sooner we get them the better.

And does it need to take three months to prepare a minnow-of-a-company's trading figures (especially one which is not listed anymore) ?

[man1] 29/3/2012 10:14

I wouldnt get hung up by my use of the word takeover ... As i say pure speculation though the price would have to be far higher than now to be successful and with the holdings of the BOD would need thier approval.

Im of the same opinion as UTP , there are many companies on the market with a mcap much lower than the current value of the company so dont see it as an advantage to us at this time. I would much prefer the £100 k + it would cost per year to run to be paid in a special divi.

Lets leave the share price to rise on its own ,

lets reward the long term investors in whatever way we can ..

Seeing we are all in this for a return , lets all consider how this can be done ..
Not long to results ..

Keep the faith

[philmac56] 29/3/2012 06:35

up the pool

I totally agree with your sentiments/comments.

Stay as we are for as long as possible, build up the coffers of cash, make small returns to shareholders in the form of a divi, even a special if necessary.

Then at a later date refloat. I hope a TO is not in the pipeline, that would wipe a lot more people out at this price!!

Regards to all

Lets look forward to a pleasing Final Result

[upthepool] 28/3/2012 20:02

4screws;

That is the most likely way we will get a return from these, but I hope it doesn't happen for a while yet. I think Tim and co. should keep REF under the radar (from a market perspective) and carry on stabilising / growing the company. I'd take the 4% plus another 4% per year for a little while.

The take over that man1 mentions would be another way of getting some value back to us long sufferers, but I for one hope that is not yet, for the same reason as above. The better the board can do, the more attractive REF becomes, therefore better returns - we might even get a profit on our money :-)

[4screws] 28/3/2012 19:44

man 1 I suggest a refloat then and they could raise more cash and keep the progress going ...what do you think about then as a suggestion

[man1] 28/3/2012 17:55

4screws,
I know nothing about a takeover it was pure speculation .
Based on the fact that the BOD seem to have turned the business around and have 3 divisions all making a profit I HOPE ..
Therefore i just think someone who maybe interested in the media side and its potential may aswell buy the whole lot and sell the parts it dont want .

Alternatively one of our Evolution customers may think the same ..

I dont know how it works but we have a few million in losses built up over many years to bring to any party aswell..

Currently the whole lot is valued at 1.4 million ..Last accounts we had around 400k in cash ...

One thing i did think of which may be usefull , if the board were going to try and build the share price on the back of a good divi then the interim one of 4% + i assume a final one of similar value would give us a good divi ..Now the share price has gone up , i wonder if a bit of extra cash needs to be put in the divi pot to attain the same yield ?? Just a thought ..

[clangor2] 27/3/2012 22:45

All we need now is for the annual results to justify the indicative price of £100. A simple doubling of the Interim profit figure would do for me !

[4screws] 27/3/2012 21:20

man1 whats all this about a takeover...what do you know then ...So I suppose the next buy price for reflec must be above £100 or can it fall

[man1] 27/3/2012 20:51

Klm
Well done on your purchase , i believe it is a good investment at the moment even at £100 . I havent the time to work out what that would equate to in old shares .
But hopefully the results will show cash in bank ,profit. dividend and a slightly more solid future.
The company i think is in a good position for a takeover , with expanding profits, tax loss credits to see it through for many years and a decent depreciation write off( i think ).

As for where all the shares are from consolidtion , they are with the EBT as it was probaly the simplest/ cheapest way to do the consolidation .

Your comments on cancelling the shares / or having some available for purchase are some ideas the board will hopefully start looking at to increase shareholder value .

i have a few ideas myself which i will discuss with the board at the agm.

Results hopefully out in May if same as last year .

Not long ...Keep the faith

[man1] 27/3/2012 20:51

Klm
Well done on your purchase , i believe it is a good investment at the moment even at £100 . I havent the time to work out what that would equate to in old shares .
But hopefully the results will show cash in bank ,profit. dividend and a slightly more solid future.
The company i think is in a good position for a takeover , with expanding profits, tax loss credits to see it through for many years and a decent depreciation write off( i think ).

As for where all the shares are from consolidtion , they are with the EBT as it was probaly the simplest/ cheapest way to do the consolidation .

Your comments on cancelling the shares / or having some available for purchase are some ideas the board will hopefully start looking at to increase shareholder value .

i have a few ideas myself which i will discuss with the board at the agm.

Results hopefully out in May if same as last year .

Not long ...Keep the faith

[4screws] 27/3/2012 19:27

great to see reflec is till alive...when do we expect the next set of results? and maybe another dividend!!!!!!!!!

[philmac56] 27/3/2012 19:09

klm15

Nice post... yes... you did not explain you were averaging down..

I have also been considering the same move, alas my funds are tied up in TCG, and yes i have averaged down there from 160 to 90, and now down to 52p..

Hopefullly a good update from TCG tomorrow will help that avenue of recovery, as you will have helped this avenue of recovery.

Unless i get back in here, you can have my shares for the sum of £400.00 each, i want a profit also.

regards
phil
PDYOR

[klm15] 27/3/2012 17:32

UPDATE: Thank you for the comments my post has generated. For those who didn't understand or fully read my post, I want to buy in a company that I have followed for so many years (irrespective of current yeild) to bring my average down, so that I can make a profit sooner, rather than later.

Clearly the company has returned to profit, is paying a dividend and is probably now investable. Good work by the management. I certainly would not consider anyone buying or averaging their costs down a fool, and it is still March not April 1.

One must question the management at all times, it is our (shareholder's) privately owned company, and the managment run it on/for our behalf, and wanting to know why it is difficult to acquire shares, when there should be a bank of shares available that were released on consolidation, or any other question or comment by any shareholder could/should not be viewed as 'Slag off everything the company has done from de-listing onwards'. I find all personal views expressed here acceptable, and equally put forward my own comments.

I had previously spoken with Martin Cope (company secretary) regarding purchasing shares who directed me to J P Jenkins. I had considered looking at the company register, but was advised that the publically available document does not contain addresses, and that as an individual I could not use any information acquired from a company to contact shareholders for the purpose of offering to acquire their shares. So after my initial purchase order at £50 through JPJ, and waiting, and subsequent increased offer (without success) resulted in the earlier post. In order to bring my cost down, it makes sense to buy before the price goes up!

As part of my portfolio review, I am always looking at other shares with better prospects, and there are other companies that have interested me such as SPH and GBG (this is not a recommendation). Averaging is part of that review.

Thank you to those who responded by email with their comments. I am grateful for the 3 offers for some shares, which will help me to bring my breakeven down. I have what I was after for the time being and will post again when I am ready for more, if necessary. This isn't the first or last offer for purchase I make.

I will have to find out from the company where the shares released on consolidation are, as these should be put back in the market, or reissued or cancelled. Hopefully it will be easier through JPJ next time.

Thank you again for your help.

[clocktower] 27/3/2012 16:53

If you take the trouble to look at the other threads you will see the board does not come up smelling of roses as far as the consolidation was concerned. Unless some posters have removed posts you will find there was a serious dispute about how it came about. It seems that the board even got legal advice about what some had posted on the thread, as far as I remember. That said the parties concerned seemed to have settled the matter without recourse to expensive legal action I seem to recall.

It is funny that members of the board used to post some very strong statements about previous board members on these threads, though but it seems the poachers turned gamekeepers, in a very profitable way.

I find it very sad that these consolidations are layed out as good for all, when in truth they hurt the small investors that either cannot afford to add stock or find themselves with no stock and future in the company because of it.

I hope you get a good return and I am sure the board will be delighted that you have pushed up the share price - in fact I was wondering if you are a friend of a friend of members of the board?

[klm15] 27/3/2012 16:26

UPDATE: Thank you for the comments and interest forwarded to my email. I am grateful for the 3 offers for some shares, which will help me to bring my breakeven down. I have what I was after for the time being and will post again when I am ready for more, if necessary. I will have to find out from the company where the shares released on consolidation are, as these should be put back in the market, or reissued or cancelled. Hopefully it will be easier through JPJ next time. Thank you again for your help.

[4screws] 27/3/2012 16:02

Dear Shareholder,

We have, today, been informed by JP Jenkins that there has been a sale of Reflec PLC Ordinary shares, via the matched bargain facility, which has now given an indicative price of £100/share.

If you are interested in buying or selling Reflec PLC shares, please contact JP Jenkins on 01624 676 848.

Regards,

Martin Cope

[philmac56] 27/3/2012 13:06

KLM

I hope that was you, 15 shares at £100.

If not someone else is on the prowlllllllllllll.

Yep £100 today, a 100% increase on the year

[clocktower] 27/3/2012 10:45

I see todays price on JP Jenkins site has reached £10.00 on stock shown as traded 27.03.12. Nice rise but still nowhere near previous highs, and the poor soulds that were stuffed when the board consolidated stock to remove them.

Still it seems it has created loads of extra value for those on the board.

[philmac56] 24/3/2012 07:40

Klm

Seems you may have been leading us up the garden path!!!

Ref up to £70.00 at the mo, had you been able to buy at £75.00, £100; the price would have been recorded as a match on JP.

So is it my understanding that you/they can't match you at those prices?????

Well if you want to get rid of that odd number, and increase YOUR so called HOLDING, you may find that you WILL have to pay a bit more!!!