Scapa Share Discussion Threads

[jakleeds] 21/12/2006 14:33

In today, thanks mm's for the drop in price.

[martest] 21/12/2006 08:17

Cosalt .MMs manipulating share price gone 10% onhardly any buying.Must surely pull back for the moment.SCAPA have not moved to any extent and are awaiting news to give the share price some momentum.Best Festive wishes to you all.

[cockneyrebel] 21/12/2006 08:04

strange ay. when the press latch on that Hanover have a stake here too and directors have been buying they will be climbing all over it to tip it imo.

The punters will then buy fter the tip and at a lot higher, like CSLT this week I bet.

Buy low I think

CR

[cockneyrebel] 21/12/2006 08:03

strange ay. when the press latch on that Hanover have a stake here too and directors have been buying they will be climbing all over it to tip it imo.

The punters will then buy fter the tip and at a lot higher, like CSLT this week I bet.

Buy low I think

CR

[gswredland] 19/12/2006 12:17

big seller in the background forcing these down?

[gswredland] 18/12/2006 17:19

thanks hasten

[hasten] 16/12/2006 10:58

Presume you've tried changing period to "all" then you can get back to 1988.
Hit high of 270 in 1996
Hasten

[gswredland] 15/12/2006 22:48

What was the 10 yr high here guys? I can only retrieve the last 5 yr chart.

[sja123] 15/12/2006 13:03

Looking at some of the other Hanover/Sherborne stocks, they seem to like to accumulate around 15%........I think they have less than 5% here at present and that was bought back in June..... so maybe the next news of interest will be them increasing their share......let's hope so:-)

[cockneyrebel] 15/12/2006 12:48

:-)

CR

[cambium] 15/12/2006 12:39

holding both CR

[cockneyrebel] 15/12/2006 12:18

got to have patience imo. Punters sell when they get bored and on a low so they can chase the action elsewhere, then what they sold becomes the action.

I can't say when this will move but when it does it will probably be on news and pretty sharp imo. Another RNO in the making, directors buying, Hanover buying, pension and other issues being sorted. The exciting thing is these are 90% below their 10 year high where RNO is about 60% below it.

Both cracking buys still I think.

CR

[martest] 15/12/2006 07:43

Should be next on the up soon after Renold have had a wonderful run up.

[cambium] 14/12/2006 08:32

Ready for the next up then eh!

[woody6] 13/12/2006 11:09

Ditto Kalmar

[spinkydink] 12/12/2006 23:04

I'm bored and off, sorry

[sigora] 05/12/2006 13:46

CR sorry off topic can you have a look at TCN, looks interesting. TIA.

[cockneyrebel] 05/12/2006 13:37

Below is part of what Hanover have announced in respect of Spirent, have a read, very interesting and tells you where RNO and SCPA are going too imo

CR


Sherborne Investors' background

Sherborne has its antecedents in the mid 1970's when some of our current principals became involved in what today is commonly known as private equity. The distinctive characteristic of our approach was and remains a focus on turnaround investing, which involves improving the underlying business operations of companies in which we invest. In recent years, we have extended our turnaround investing activities from private equity to publicly quoted companies. The model in both cases is the same, except that where we invest as a minority in publicly quoted companies, we seek to do this by offering our participation on the board, rather than through ownership and control of the company.

In the case of companies such as Spirent, which we believe have the potential to increase their profits substantially but which have underperformed for an extended period of time, our firm's approach provides current shareholders with a new alternative. In the absence of an operational turnaround, shareholders in underperforming companies can choose to continue with the existing situation and hope for the best, or to sell their shares at a loss. In some cases a buyer for the whole company, frequently a private equity firm, may emerge offering a modest premium to a depressed share price. Ironically, a private equity buyer is quite likely to do some of the things that Sherborne Investors may propose to be done and subsequently to sell the company back to public shareholders at a profit.

Our proposal is intended to afford to you, as an existing shareholder of Spirent, the opportunity to restore or improve the value of your shares rather than turning that opportunity over to someone else.

UK turnaround investment examples

Turnaround investing is something that the principals in our firm have been doing for more than 25 years, but it is somewhat novel in the public market in the United Kingdom. While our approach may be unfamiliar, it is by no means unproven. Many shareholders may be aware of earlier public investments in the UK with which certain of our firm's principals were associated, as follows:

* 4imprint Group plc shares rose from 51.5p per share to 144.0p per share in the 12 month period from the announcement of our acquisition of a significant holding in July 2003 to the date of our nominee's withdrawal from the chairmanship of the company; and

* Shares in Elementis Group plc rose from 31.9p per share at the time our holdings were publicly disclosed in January 2005 to 90.3p per share in September 2006 when our nominee resigned the chairmanship of the company.

These returns were the result of significant earnings improvements during the periods of our involvement. We are pleased to be able to say that, as of today's date, both companies have continued to do well. While there can be no guarantee of a similar outcome at Spirent, our analysis indicates that there is significant potential for operating improvements, and for advances in the share price, even from current levels.

Our turnaround investment approach is proven in practice but nonetheless remains somewhat novel for public companies. Accordingly, we would like to correct some misapprehensions about what we are proposing.

[martest] 04/12/2006 13:48

There appears to plenty of upside potential here as Hanover are starting from a low base with plenty of room for manoeuvre after they produce and build on the strategy review.The ridiculous spread of 12.5% quoted by MMs must deter investors in taking a position.Once this narrows to a reasonable spread i am sure it will encourage fellow travellers.I look forward to the future with Hanover at the Helm.

[cockneyrebel] 04/12/2006 12:29

Interesting that SCPA are getting upgraded ahead of their new year update they have advised on - think there will be further upgrades on the company strategy update.

CR

[cockneyrebel] 04/12/2006 07:34

Cazenove upgrade today - I noticed they were on the bid all day Friday:

LONDON (AFX) - Shares in Scapa Group PLC have been upgraded to 'in-line' from 'underperform' by Cazenove, dealers said.

The broker told clients that the group's recent results confirmed the success of management in restructuring the cost base, strengthening the balance sheet, and producing better top line growth in Europe. Cazenove added that the recent share price rally reflects renewed interest in the recovery angle, and it expects this to continue as confidence returns that management is managing a tough situation well. [e-mail]

[gswredland] 01/12/2006 18:20

Thanks CR.

[cockneyrebel] 01/12/2006 17:57

I don't think they are havin trouble with SPT, it's more like SPT having trouble with Hanover. Hanover have tried the softly softly approach, now they have got heavy to get the board changes. I suspect Hanover have the backing of other large shareholders and will win imo.

SCPA isn't Isaable.

Hanover are in CSLT, RNO, SCPA, SPT. They might have a few FOUR still too but it's below 3%

CR

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