Ross Share Discussion Threads

[ianrossbus] 25/9/2004 14:32

Andonis, great looking graph, but I am not an expert, any chance of explaining how you made the risk grade line and exactly what it means. I presume its the percentage of rise in the share price and over 12 months a steady pattern is seen with the lower share price steadily getting higher, hence your guess at 5p for the next base line. Is that right or am I totally off key. Ian

[andonis] 25/9/2004 13:17

RISK GRADE EVELUATION OF SHARE PRICE OVER THE YEAR (Takes a few seconds to appear on your screen)....

[andonis] 24/9/2004 17:27

Not so fast....you can see the straight line formed and I expect 5p by early next year

[ianrossbus] 24/9/2004 17:23

The question is HOW LONG DO WE HAVE TO WAIT.

Come on Grande Group show us your hand !!!!

[andonis] 24/9/2004 08:46

Here is a company for the future!

[andonis] 23/9/2004 10:39

RNS Number:2571D
Ross Group PLC
23 September 2004


Ross Group plc

23 September 2004

INTERIM RESULTS

FOR THE SIX MONTHS ENDED 30 JUNE 2004


Chairman's statement

The result of the group for the six months ended 30 June 2004 was a profit of
#14,000 before tax (June 2003 loss #120,000). This result re-enforces the
turnaround of the group's trading position following the profit of #57,000
declared for the year ended 31 December 2003.

The turnover for the group decreased by #454,000 compared to the same period in
the preceding year. This can be attributed to the sale of the Tadmod battery
charger brands and the concentration by GEL Engineering Ltd (GEL) on projects
with higher margins, but lower revenue.

It is anticipated that the Group will return another modest profit for the
current financial year.

Business review

The battery charger and adaptor brands of Tadmod Ltd were sold with an effective
transfer date of 1 May 2004. The profit on the part disposal of the business
undertaking of #7,000 has been reported in the Profit on Ordinary Activities for
the half year. This company has been renamed Sansui Electronics (UK) Ltd which
reflects the intention to sell consumer electronic products, bearing that brand
name.
GEL, which operates the group's engineering business, has generated the majority
of the half-year profit. The company has recently been involved in producing a
ground-based trainer for the US Air Force. GEL has also been awarded a
prestigious contract to supply EADS Astrium with specialised temperature control
enclosures for testing satellite communications.

Business Outlook

The Directors are actively investigating how new business areas may be
introduced to the group and how current business initiatives can be expanded to
generate additional income to boost turnover.
The sales structure of GEL is being further strengthened to generate more growth
in output for 2005 and to establish a trend of expansion through 2006 and
beyond. The concentration on marketing activities in the first half of 2004 is
expected to lead to an increase in order intake in the last quarter of the
current year.

Dividend

No ordinary interim dividend is proposed after considering the result for the
first half of the year, and the continuing deficiency on retained reserves (2003
- #Nil).


A C C Ma

Chairman

14 September 2004

CONSOLIDATED PROFIT AND LOSS ACCOUNT

6 Months 6 Months Year
Ended Ended Ended
30 June 30 June 31 December
2004 2003 2003
#'000 #'000 #'000
Turnover

Continuing Operations 1,209 1,663 2,855

Operating Profit/(Loss)
Continuing Operations 102 (30) 105

Profit/(Loss) On Ordinary Activities
Before Interest 102 (30) 105

Net Interest Payable (88) (90) (48)

Profit/(Loss) On Ordinary Activities
Before Taxation 14 (120) 57

Taxation 0 0 0

Profit/(Loss) On Ordinary Activities After
Taxation 14 (120) 57

Retained Profit/Loss For The Period 14 (120) 57

Earnings Per Share 0.01p (0.07)p 0.04p

Adjusted Earnings Per Share 0.01p (0.07)p 0.04p

CONSOLIDATED BALANCE SHEET

30 June 30 June 31 December
2004 2003 2003
#'000 #'000 #'000

Tangible Fixed Assets 41 53 52

Stock 394 560 289
Debtors 396 577 546
Cash at Bank 84 0 106
Creditors (695) (2,357) (945)

Short Term Borrowings (Group) (1,188) (1,335) (0)

Total Assets less Current Liabilities (968) (2,502) 48

Long Term Borrowings (Group) (1,346) (0) (2,376)
-------- -------- --------
Net Liabilities (2,314) (2,502) (2,328)
======== ======== ========

Shareholder's Funds

Share Capital 11,136 11,136 11,136
Share Premium Account 2,317 2,317 2,317
Other Reserves 15,397 15,408 15,400
Profit and Loss Account (31,164) (31,363) (31,181)
-------- -------- --------
(2,314) (2,502) (2,328)
======== ======== ========



CONSOLIDATED CASH FLOW STATEMENT

6 Months 6 Months Year
Ended Ended Ended
30 June 30 June 31Dec.
2004 2003 2003
#'000 #'000 #'000

Net Cash Inflow/(Outflow) From
Operating Activities (90) 75 (967)

Servicing Of Finance

Interest Received 0 0 0
Interest Paid (88) (90) (47)
Finance Lease Interest Paid 0 0 (1)
--------- --------- ---------
(88) (90) (48)

Taxation 0 0 0

Capital Expenditure And Financial
Investment

Purchase Of Fixed Assets 0 0 (11)
Sale Of Tangible Assets 0 0 1
--------- --------- ---------
0 0 (10)

Financing

Cash Inflow from Issue of Share
Capital 0 1,364 1,364
Cash Inflow/(Outflow) From
Financing 158 (1,383) 2,371
Capital Element Of Finance Lease
Rentals (2) (2) (3)
--------- --------- ---------
Net Cash Flow From Financing 156 (21) 3,732

--------- --------- ---------
Increase In Cash Flow (22) (36) 2,707
========= ========= =========

Notes to the accounts

(1) The interim financial statements have been prepared on the basis of the
accounting policies set out in the audited statutory accounts for the year ended
31 December 2003.
The financial information contained in these statements for the six months ended
30 June 2004 and 30 June 2003 is unaudited and does not constitute statutory
accounts as defined in section 240 of the Companies Act 1985.

(2) Net Cash Inflow
6 Months 6 Months Year
Ended Ended Ended
30 June 2004 30 June 2003 31Dec. 2003
#'000 #'000 #'000
Operating Profit/(Loss) On
Continuing Activities 102 (30) 105
Depreciation And Loss On
Revaluation 11 7 22
Profit on Disposal of Fixed Assets 0 0 (1)
Decrease/(Increase) In Stocks (105) 273 545
(Increase)/Decrease In Debtors 150 (217) (272)
Increase/(Decrease) In Creditors (248) 42 (1,366)
--------- --------- --------

Net Cash Inflow/(Outflow) From
Operating Activities (90) 75 (967)
========= ========= ========

Notes to the accounts (continued)

(3) No ordinary interim dividend is proposed (2003-#nil).

(4) The comparative cash flow for the year ended 31 December 2003 has been
extracted from the audited accounts. The cash flows for the six months ended 30
June 2004 and 30 June 2003 are unaudited.

(5) Statement Of Recognised Gains and Losses
6 Months 6 Months Year
Ended Ended Ended
30 June 2004 30 June 2003 31 Dec 2003
#'000 #'000 #'000
Share premium Account - Brought
Forward 2,317 1,647 1,647
Movement 0 670 670
Carried Forward 2,317 2,317 2,317

Other Reserves - Brought Forward 15,400 15,406 15,406
(Depreciation) (3) (3) (6)
Carried Forward 15,397 15,403 15,400

(6) Both the Long Term and Short Term borrowings are by way of formal
agreements with the main shareholder, The Grande Group.

(7) The Interim Report will be sent by mail to all registered shareholders
and copies will be available from the Company's head office at Ross Group PLC,
Brunel Road, Totton, Hampshire, SO40 3YS. A copy will also be posted on the
Company's website www.ross-group.co.uk




Ross Group plc Contact - T. Wilkinson, Deputy Managing Director

Registered Office
35 Paul Street
London EC2A 4UQ
Tel. - 02380 675500 Fax - 02380 675555
Website - www.ross-group.co.uk
Email - [e-mail]


This information is provided by RNS
The company news service from the London Stock Exchange

END
IR EAENDAADLEFE

[andonis] 19/9/2004 14:52

Lets hope results are good...

[andonis] 15/9/2004 17:07

Take note this one....expecting good results.

[philmiboots] 07/9/2004 13:56

This is getting a bit predictable!

[ianrossbus] 04/9/2004 12:47

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 12:45

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 21:44

So why the jump today?

[archangel gabriel] 14/6/2004 17:25

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

[archangel gabriel] 14/6/2004 16:56

RNS Number:7338Z
Ross Group PLC
14 June 2004


www.ross-group.co.uk
Brunel Road
Totton
Southampton
SO40 3YS
Phone [phone]
Fax [phone]



14 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 18:02

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 17:57

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 14:03

Here we go again!

[archangel gabriel] 11/6/2004 13:34

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 11:42

why is the spread so big

[upwaves] 04/6/2004 00:04

Been watching this one. Good little company!

[andonis] 03/5/2004 20:10

Waiting for an improved website too....

[andonis] 28/4/2004 09:58

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

[andonis] 19/4/2004 12:53

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

[andonis] 19/4/2004 12:39

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