Share Name Share Symbol Market Type Share ISIN Share Description
Sherwood Grp. LSE:SHW London Ordinary Share GB0002607637 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 47.53p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 21.7 0.9 0.6 79.2 0.00

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Date Time Title Posts
07/7/200610:06Undervalued, Under-researched, Underwear319
16/3/200514:38SHERWOOD GROUP4
24/3/200419:06what now-
18/11/200200:41Sherwood move15
05/9/200017:38Back Off Hols1

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hybrasil: mesquida Where did you read aboout the tie up with caprice. I only saw the rns this am. I agree the news is good. The new chairman and Carol Duncumb seem to be breathing life into this co. Now with tons of cash to play with it could be very exciting indeed. Two years time should see a vastly increased T/O ( and share price).
mesquida: Arthur - yes, I agree your figures although some might argue that if you cannot get the 10p cash out the business without giving it to the pensioners then you cannot really factor it into your share price calculation! Nevertheless I too feel happier about this situation than I have for some time - it wll be really interesting to see in which way the Board grow the Company now that they are free of all the pension related distractions. Interesting that you should mention RENEW in your posting - did you spot Friday┬┤s 2 million purchase at 52p when the stock was offered at 49p, and no obvious other side to the business either!
hugepants: Yes it all reads positively. The recent share price has factored in very poor current trading which has not materialised.
cwa1: Interesting and nice to see a little upward movement in the cos. share price. A little volume as well, though not much so far. Perhaps more to be reported? Maybe time for this one to warm up to its potential at last? Can sell 1/2 a million online as well, not a bad sign.
kp1: COMPANIES & FINANCE UK: Sherwood knits together pattern for success: The group has taken lacemaking into the 21st century, and is a model for other businesses to follow, writes Peter Marsh: Financial Times; Nov 13, 2001 By PETER MARSH In a factory near Derby, 50 high-tech machines whirr 24 hours a day, producing lace that ends up in 3,000 different colours, and is incorporated into women's underwear by manufacturers around the world. The machines are the centrepiece of a recovery plan by Sherwood Group, one of the few publicly-quoted survivors of Britain's battered textiles industry. The company - founded in the 1960s by David Parker, its former chairman - has slimmed down drastically since 1995, when it had sales of Pounds 170m and employed 3,500 people worldwide. This year, after sell-offs following heavy losses in 1999 and 2000, it is expected to have sales of about Pounds 40m, and some 400 employees. Just under half the revenues will be generated from the plant in Long Eaton - where Sherwood has concentrated all its worldwide lacemaking production after selling or shutting its other factories making the fabric in Mexico, France and east Asia. Some 60 per cent of output is exported. The plant makes only high-value lace used in bras and knickers, having resisted the temptation to diversify into lower quality forms used, for instance, in net curtains and table cloths. Sherwood's survival strategy - involving investments in automation and a focus on design and linking up with global customers - points the way forward for other UK manufacturers coping with difficult times. The company has been making lace since 1825, about the time when the technology for knitting yarn into frilly, complex patterns was devised in Nottingham. That stimulated a big lacemaking industry in the Midlands that, in the 19th century, was among the UK's biggest business successes. Now that much of the lace industry has migrated to countries with lower labour costs, the Long Eaton plant - which employs 210 - is one of the UK's largest factories making this material. In the past five years, Sherwood has spent Pounds 12m on the latest German equipment for making high-quality lace in a large number of variants, and with minimal involvement by employees on the shop floor. It has spent smaller sums on increasing its ability to come up with new patterns through an eight-person design studio, which turns out about 200 lace designs each year. It has also bought in dyeing equipment that ensures the lace can be made in many shades. "The (lacemaking) business is going well, even though it is too early to talk of expansion," says Peter Lambert, executive chairman, who took over after Mr Parker's death in June. Apart from lace, the company also sells such garments as swimming cos tumes, which it designs in the UK but has manufactured under contract, mainly in Asia. In 1999, Sherwood made a pre-tax loss of Pounds 23.7m, followed by a loss of Pounds 37m last year. Its share price has fallen from more than 150p in 1994 to about 8p in recent months, although the price climbed above 13p yesterday after speculation that a management buy-out was in the offing. The shares drifted back later, closing at 10 1/4p, up 1 1/4p. In the first half of this year, Sherwood's overall pre-tax loss was Pounds 10.2m. However, on continuing operations, it made a pre-tax profit of Pounds 800,000. For the second half, Joan D'Olier at Deutsche Bank, the company's broker, expects it to do slightly better than break-even on both continued and discontinued businesses, giving a pre-tax profit on continuing operations for the year of Pounds 1.2m. "The company looks to have a better base," she says. Carol Cook, managing director of Birkin, Sherwood's lacemaking subsidiary, says that keeping quality high has been an important dimension to keeping the Long Eaton plant going. As a result it can compete effectively with rivals, particularly in France, China, Korea and Thailand, which often concentrate on the lower end of the product range. A crucial element is Sherwood's relationships with several hundred design and textile companies around the world, which design garments and make them, and also with 20 large retailers that sell the finished product. The retailers include Marks and Spencer, British Home Stores and Tesco in the UK, C&A and Karstadt in Germany, Victoria's Secret in the US, Auchan in France and El Corte Ingles in Spain. Ms Cook says: "We must continually liaise with all these businesses, so that we give them what they require for new products and come up with new ideas ourselves." The company also has to be quick on its feet. It can produce a new lace design in a matter of hours so that - after being made somewhere in the world into the finished garment - the product can end up on the retailer's sales floor just one week after it has been designed, fitting in with the lingerie world's thirst for new fashions. Copyright: The Financial Times Limited 1995-1998
kp1: Stockmarket Confidential recommended them and claimed that they think a bid at 30p is on the cards. They reckon net asset value is 25p a share. Despite the denial the share price does look low and I plan to watch over the next month.
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