Scapa Share Discussion Threads

[wjccghcc] 16/10/2006 16:14

I'd guess the pensions regulator will require some of that to be earmarked for the pension deficit.

[diogenesj] 16/10/2006 14:30

Sale of Megalon announced today, for £17.75m cash (less tax and expenses). As far as I can see, Scapa had debt of £13.2m (160% gearing) at the March year end. This should wipe that out completely and perhaps leave net cash (depending on the level of tax and expenses).

[ksarul] 13/10/2006 11:42

Just to say that 36,472 this morning showing as a ? on an ADVFN competitor is a buy.

[martest] 12/10/2006 21:52

Heavy buys today ,some one must have heard something,augurs well and Patience is a virtue.

[martest] 10/10/2006 22:07

This sure will be an all-nighter.Very early days and director buys ,excellent new investors who will accumulate a large holding ,then carry out their own stategic review .Funny last Friday PPs were Knocking each other down and paying up to 30p to get their hands on some shares.This is a brilliant chance to top up with Hanover and shoot north,DYOR.

[cockneyrebel] 10/10/2006 12:31

Your 198K buy amedin?

CR

[amedin] 10/10/2006 12:28

Hello All

Well, I steamed in today, even after the strong run.

I'm really annoyed with myself, I've thought SCPA looked really interesting for about a year but the final catalyst for me was finding out that Edward Branson & Sherborne/Hanover are involved.

Why am I annoyed? Because I only found that out today while reading this board! What an idiot, the news has been out since June!

However putting my final catalyst aside, I had thought this business looked interesting as:
There is a good underlying business at SCPA, it's just the business became bloated by poor performing acquisitions around the turn of the millennium. I think the core business can be fixed.
Potential asbestos liability & pension deficit, obviously both huge issues but both seem manageable. We have proof regarding the asbestos, given the agreement with the insurers. The pension issue remains outstanding but I agree with comments above that this issue is likely to be resolved as it has been at other companies with big deficits.
Director buying – always a good sign

Late to the party but I think this party might prove to be an all-nighter!

[liarspoker] 09/10/2006 15:44

.....like stunned rabbits caught in approaching headlights. :O)

[cockneyrebel] 09/10/2006 15:36

Funny punters, fight to buy this on Friday on a high, give them a dip and they sit there :-)

CR

[papalpower] 08/10/2006 05:16

Just looked at the latest Broker Forecasts :

Charles Stanley 19th Sept 06 HOLD

2007 PTP 3m
2007 EPS 0.7p
2007 DIV -

2008 PTP 4m
2008 EPS 1.7p
2008 DIV -

[cambium] 06/10/2006 16:11

fair comment

[drewz] 06/10/2006 15:15

In 1996, they didn't have a £63m pension deficit as a millstone around their neck!

[cambium] 06/10/2006 15:14

Cheers fellers, it seems we are in for a hell of a ride.

[allstar4eva] 06/10/2006 15:09

Wish I's sen this earlier - perfect golden cross on chart at beginning of Sept...

[highcommissiondelhi] 06/10/2006 14:51

bought a few this morning and pm.
surprised it flew so quickly today.
hopefully get bit of a run going and if today is anything to buy - should
be a sharpish move.

thanks for the new thread - cambium

[fozzie] 06/10/2006 14:51

meanwhile i am still waiting for Monday and my money to clear as i mentioned to DJ yesterday. Not a happy bunny! and thats an understating of my feelings.

[cockneyrebel] 06/10/2006 13:14

especially when you think these were 275p in 1996.

CR

[cockneyrebel] 06/10/2006 13:12

yep, looking very good imo martest:-)

CR

[martest] 06/10/2006 12:46

CR;glad you are aboard the gravy train and with me on this one.Nice to see lift off and our way30p should be a quick share price and then we will be on peoples radar and our way to 40 when the big investors like Hanove/sherbourne will be increasing theis stakes,stategic review ,maybe a few new board members next month at the interims and we will have a serious play.DYOR.

[cambium] 06/10/2006 12:14

No its my order trying to be filled! ;o)

Filled at 27p

[cockneyrebel] 06/10/2006 11:52

That 20K is mine - looks like I moved it :-)

CR

[cambium] 06/10/2006 08:51

another tick up this morning,

welcome one and all

[fozzie] 05/10/2006 16:51

I am just waiting for some funds to clear on Monday and i will join you DJ. Wouldnt want you playing out all on your own!

[diogenesj] 05/10/2006 16:34

Quite right, Cambo. The old thread was looking a bit sad, and Jitters must have scarpered long ago. Had a small punt on these this afternoon, in fact all of today's trades appear to be my buys (30k shares). It does make one feel a bit isolated, being the entire market.