Ross Share Discussion Threads

[philmiboots] 07/9/2004 12:56

This is getting a bit predictable!

[ianrossbus] 04/9/2004 11:47

Results out in the next few weeks, company still transforming. Most of directors are from Grande Group, one of largest Asian Electronics Groups. They must have something planned for Ross Group. Perhaps we will find out soon. Its been a few years. Small number of private shares on the market after the various consolidations. Most private holders need at least 8-10p to return investment so any small buys will start to push the price north. My opinion we will see a rise of a few pence if the results still show a profit for this year. Find out in the next week or so. Cheers

[andonis] 03/9/2004 11:45

It can jump as high as it likes when the bid price is fixed... I need more than 4p bid to feel safe.

[daisymax] 02/9/2004 20:44

So why the jump today?

[archangel gabriel] 14/6/2004 16:25

Instead of searching for another consumer electronics co they should put more cash into GEL.

[archangel gabriel] 14/6/2004 15:56

RNS Number:7338Z Ross Group PLC 14 June 2004 www.ross-group.co.uk Brunel Road Totton Southampton SO40 3YS Phone [phone] Fax [phone] June 2004 Ross Group plc Disposal of the Business of Tadmod Ltd Ross Group plc today announces that it has reached agreement for the sale of its battery charger and electrical adaptor business currently being traded by its subsidiary Tadmod Ltd. This will allow the Group to concentrate on the engineering activities operated by GEL Engineering Ltd. An agreement was signed today for the sale of the business to Queenspark Ltd, with a transfer date of 1 May 2004. The deal will include the sale of goodwill, stock, debtors and trade creditors along with the rights to use the brand names Maxamp, Selmar and Bradex. The sale agreement calls for payment for the goodwill on the completion date and payment for the net value of stock and debtors less trade creditors seven days later. The net asset value of the transaction is approximately #185k. The sale qualifies as a "Transfer of a Going Concern" under the VAT rules. The proceeds from the sale will be used to reduce the group's borrowing requirement. Tadmod contributed just #6k of the Group's profits of #57k for the year ended 31 December 2003. Trading during 2004 has returned a small loss and therefore the Directors consider the disposal will have no significant impact on the group's results and will allow a re-focus of effort on more profitable activities. The disposal of the business is classified as a Class 2 transaction under Chapter 10 of The Listing Rules. The Board of Directors of Tadmod Ltd have approved a resolution to apply to Companies House to re-name the company Sansui Electronics (UK) Ltd. Registered in England No: 131902 Reg Off: 35 Paul Street, London EC2A 4UQ

[andonis] 11/6/2004 17:02

Exactly .... I have spoken to one of the directors about your point......Have not seen any of them buying. I think it is expected.... But this company releases RNSs very rarely! I suggested to them that they should release more so as it would be noticed....good points...but I am in long term.

[archangel gabriel] 11/6/2004 16:57

Personally I always think Directors have an obligation to buy shares in their own company. Especially when they are this cheap - if they think the company will be worth a lot more in the near future. So, no big buys reported today. Let's hope that means there is another contract to report. When that's in the public domain I'd like to see them put their hands in their pockets. Could be another Widney.

[philmiboots] 11/6/2004 13:03

Here we go again!

[archangel gabriel] 11/6/2004 12:34

Looks like today's contract is in addition to major exports which the engineering division expects to win: The results have been boosted with the delivery by GEL Engineering of some prestigious test rigs and defence trainers for the aerospace and formula one industries during 2003 and early 2004. In April 2003 the Company won a $2.1m, two year contract for an aircraft loading simulator to train members of the United States Air Force. The company's involvement in the production of portable cabins and containers fitted out to a high standard has continued successfully throughout the year. It enters 2004 with the potential to further expand its specialist vehicle division by the possibility and high expectation of two substantial export orders. They should sell off the battery charger division and put the proceeds of that and the recent placing into GEL. IMO. Looks like a winner.

[negus1] 11/6/2004 10:42

why is the spread so big

[upwaves] 03/6/2004 23:04

Been watching this one. Good little company!

[andonis] 03/5/2004 19:10

Waiting for an improved website too....

[andonis] 28/4/2004 08:58

Nice tick up this morning! Lets hope it holds....

[andonis] 19/4/2004 11:53

Mr. Wilkinson of Ross Group promised to re-examine the PR of the company....

[andonis] 19/4/2004 11:39

Just spoke to Trevor Wilkinson. he promised to reexamine PR.

[andonis] 31/3/2004 09:13

Ross Group is not AIMs listed so you can have it in an ISA.....

[andonis] 28/3/2004 21:03

The Group result, before tax, for the year ended 31 December 2003 was a profit of £57,000 (Year ended 31 December 2002: loss £808,000). This result demonstrates a turn around in fortune for the group and is the first recorded annual profit since 1997. The Group's turnover increased by £400k to £2,866k and combined with improved gross margins, a reduction in both overhead and interest charges, the group has been returned to trading profitably.

[andonis] 28/3/2004 20:31

After some great results for 2003, Ross group is consolidating around 3.7p. What do you think about this high flyer? This thread is hoped to facilitate and help newcomers and 'oldies' to the stock with information and helpful discussion. Happy Trading.!

[andonis] 25/3/2004 18:45

patience...it hold on at the moment...Send them an email enquiring if they will purchase stock.......

[springbok] 25/3/2004 17:23

If this darn share price is going to go anywhere, then the DIRECTORS must do their bit!!

[springbok] 25/3/2004 07:55

Based on the results, I think the'll be going up pretty soon

[fossildog] 24/3/2004 22:59

Always good to be positive Spring, is your optimism based on any facts you want to share? Im a holder but these seem to go nowhere

[springbok] 24/3/2004 18:14

Yep, the CALM before the STORM - upwards!