Safeland Share Discussion Threads

[hybrasil] 04/2/2004 14:20

Simon Evans
I quite agree withyou. I will not be selling for 54p. I am looking forward tosee what they propose for tecc-is and I think biz is already a winner -see todays announcment for example

[simonevans] 04/2/2004 07:57

It's all disclosed in the accounts - yes, I think that there is a chance that this will go private, but that's been the case for a few years now and it hasn't happened.

[simonevans] 03/2/2004 21:09

Yes, can't be many willing sellers left though. I won't sell for 54p!

[8 ball] 03/2/2004 20:26

200,000 share buy back today.

[8 ball] 19/1/2004 19:38

91P Asset value as of sept 03.

Hercules and Tecc-is are at the same level now.
Bizspace share price is up 25%.

[dupree] 19/1/2004 18:25

Simon. No ideas. Did either of you two check out the dealings at the time?

what price was the really big buy back they did, wasn't it 50p? surely it wasn't 60p?

anyway it seems fair enough, I daresay it is not too high by any conservative formula for valuing this sort of company. The nav per share has gone up very nicely I seem to recall from my last look at 'news'

[hybrasil] 14/1/2004 13:19

One particular buyer?

[simonevans] 12/1/2004 19:23

Yes, I agree. Any thoughts on why?

[dupree] 12/1/2004 12:33

I haven't been paying attantion but i see price has gone up significantly, ceratinly more than I had been expecting;

[simonevans] 16/12/2003 21:22

I don't think so - I think it's either the LSE, AIM or going private imo. OFEX is a bit of a downward move for these guys.

[8 ball] 16/12/2003 21:18

With the changes to OFEX a move there would be cheaper alternative.
The current discount to asset value must tempt the Lipmans to increase their holding.

[simonevans] 16/12/2003 21:00

hybrasil - Hi - we seem to follow each other around on property stocks. Do you think the Lipmans will take this one off the market or carry on? - looks like the share buy backs have dried-up and so I guess it is decision time for them. A transfer to AIM would probably be sensible. I would like them to stay a listed company, but after the last year or two I am not sure now.

[hybrasil] 16/12/2003 11:53

as always Mr evans on the ball. you are dead right.

[simonevans] 15/12/2003 21:39

I agree - a take out price would be 60p or so imo, but the upside is if this co. remains a listed company. When market conditions improve for property trading, these guys will make serious money as they are very strong opportunistic buyers and sellers.

Only downside is that the co. is run like a private co. and the directors take home a very very sizeable "pay packet".

[hybrasil] 15/12/2003 14:45

the market

[finbarr] 15/12/2003 12:12

Hybrasil,

Thank you for that. The mkt cap is currently £11m approx. The Net assets are £19m and the net asset value per share is 91p approx. What are the downside factors producing fair value of 58p?

Regards

[hybrasil] 15/12/2003 08:03

The company has been buying its shares admittedly vey few recently.
They have not been shy to pay above the prevailing market price witness their purchase of TR Investments stake. The current price is probably fair value.

[finbarr] 14/12/2003 15:57

Hybrasil, 9- 12 months

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[8 ball] 13/12/2003 18:14

A dividend would be welcome, I am sure they could find a small return, in the next set of full results.
Would help the share price I'm sure.

However judging by the chairmans statement, I don't see a dividend coming.
More likely to see them using any spare cash to buy back more of their own shares.

[simonevans] 13/12/2003 16:00

Do you think Safeland is going to go private? It's all been a bit on the quiet side over the last couple of years. Personally, I am happy to hold, but would welcome a return to the dividend list. Can't see it going much above 60p for a while unless we get something new happening.

[hybrasil] 13/12/2003 12:23

Whats a medium term forecast?

[finbarr] 12/12/2003 18:31

hybrasil, what's your medium term forecast on the saf price?