Silverdell Share Discussion Threads

[yupawiese2010] 10/7/2013 21:59

Not sure that this is the same Paul Antony Bell, but probably is.?

hxxp://companycheck.co.uk/director/914046904.

[herewegouk] 10/7/2013 19:16

Shares magazine were silent on the matter last week, maybe they can cast there "expert" opinion on things.

[hvs] 10/7/2013 16:47

Was it asbestos or was it the shareholders ?

Thats removal

[erb2008] 10/7/2013 16:12

End of the week at the earliest is as good as it gets at present.

I do not profess to knowing the detail but understand there is value in some of the options available - i do not know that there is nil shareholder value in any of the options but i am assuming that to be the case.

Hope that helps a bit!!!

[adamb1978] 10/7/2013 15:14

ERB2008 - your previous posts have suggested that you're very close to events.

What do you know about the timing of any announcement/resumption of trading and also what is your view (what do you know) about whether there will be any value left in this for shareholders?

Thanks

[poley] 10/7/2013 14:43

All very strange. Wasnt the market confusion over the yes or no 15% growth blamed on the CEO being in hospital getting an operation at the time and so a lack of communication between the FD resulted. Then the new director arrives and none the wiser forks out a not insignificant sum on shares.(considering he's not made a dime yet and possibly looking for another job)

[erb2008] 10/7/2013 14:28

Yes i do not disagree and i share your frustrations - believe me.

However from their point of view maybe better to issue a statement at the right time saying this is what went wrong,why it went wrong and this is what we are doing about it rather than an early statement saying this is what went wrong,no idea why and we will need to have a think about what we can do.

[hippo] 10/7/2013 13:40

that is my thinking too.

[tdpix] 10/7/2013 13:35

I know it's cynical , but I'm starting to feel that they're not updating shareholders because there's no real value/need to update the shareholders anymore... it's been over a week with no announcement, which doesn't strike me as a company that need to worry about their share price anymore?

I very much hope I'm wrong.

[erb2008] 10/7/2013 12:09

The delay in any announcement is because there are numerous options available which require further consideration/discussion/investigation - so not a fait a complit - which is a positive or some consilation depending on your view.

More than likely they will come out the other side in some shape or form.

[iaps0406] 10/7/2013 09:19

administrators to be appointed any day I am hearing.

[cockneyrebel] 09/7/2013 17:55

alunmorris - yes, I'm sure there are a 'few good men' among the AIM directors. My problem is the vast majority are just bacteria in the cesspit of investing that is AIM. So if your view is like mine that most of them are dishonest and out to look after themselves then the majority of the time you're likely to be deceived imo.


Anyway, enough of this as it's a bit off topic. We invest in different ways and that's that I guess.

CR

[alter ego] 09/7/2013 17:43

Better still, post stuff that nobody reads 'cos they have you filtered.

[yf23_1] 09/7/2013 16:42

If you can't make it in the investment world just post supercilious twaddle after the event, it'll make you feel less of a loser.

[hvs] 09/7/2013 13:06

If you cant take the heat STAY WELL CLEAR OF THE KITCHEN

And I dont mean CHICKENS

[poley] 09/7/2013 12:43

I dont think ''meeting the management'' or not is really the issue though is it with SID?

It looks like its fundamentals was/is the biggest issue. Just seems to highlight the dangers of relying on forecast profits to take care of the mountain of debt.
Net debt of £15.8m, including finance leases of £8.1m (2012: £6.7m)
On a free cash flow basis the company has not made any money for 3 years with wild changes in working capital. Whilst the company recently announced that finances were tight to achieve growth.

People have said that the (stated)debt level was not a problem but its clear it is a problem even IF they were making the numbers look ok.

[alunmorris] 09/7/2013 10:38

CR ,

I do agree that meeting directors can be a quick road to bamboozlement and falling in love with a share. My natural inclination is the same as yours and it takes an effort for me to attend an AGM or presentation. I put a lot of weight on the opinion of investors who are better at judging character than me. And yes I have been totally taken in a few times, one of the worst being Accident Exchange.

OTOH I dismissed Lo-Q until I attended a meeting in 2009 and the gain on that alone has paid for many mistakes.

[davidosh] 09/7/2013 10:10

I guess we all have different views and others have clearly done well by meeting management. Maybe it is down to building trust over a period of time as GHF states here...


Glasshalfull
2 Jul'13 - 18:32 - 1105 of 1157 0 0


Sorry to read of the problems with SID. Best wishes to holders & I hope it proves to be only a minor issue.

I've read a number of scaremongering posts across various boards in relation to the AIM market and also a belief that speaking/meeting management is a waste of time. I take issue with both and have been a beneficiary of establishing a close working relationship with management across a number of companies, in a number of sectors and across a number of markets from PLUS/ISDX to FTSE 100.

For example, the relationship I established with 2 x PLUS companies a few years ago is testament to this approach and allowed me to build up substantial holdings in both & currently 4/5 baggers for me at this juncture. While I agree that there are many companies on AIM (& other markets) which leave a lot to be desired in terms of corporate governance, massaging statements/figures & being economical with the truth, there are a number of excellent management teams. While investors criticise meeting management there are investors that post regularly on ADVFN & TMF who have 50+ bagged following the establishment of constructive dialogue with management (see previous comments on LOQ).

I agree with comments regarding risk management being key and today's news from SID is a salutary lesson on stock diversification...when the unexpected happens.

Regards,
GHF

[cockneyrebel] 08/7/2013 20:35

Well that's fine davidosh and I'm sure we all make mistakes but I think everyone is entitled to a view and it's my view that the gains from meeting directors isn't that of doing research. RGD - as soon as I started taking a large stake I did a lot more digging and as soon as Totte's past came to light I sold. I did say I'd sold - I don't know why you hadn't said that too when you'd freely said you'd been buying.

Yep, Mello has had a few gems, I'm sure JDG is one you have in mind which I was buying at £1 and started the thread here - I sold on a 10 bagging and never spoke to a director once.

I'm sure you've done okay if you bought early on many of these and got out before the bulk of any decline but I suspect many were not buying as early as yourself.

Anyway, we all skin cats in different ways and for me I think a bit of street savvy and research is better than meeting ant directors. Think I've spoken to 5 directors in my life, last one was the FD of FCCN who told me he was amazed that the shareprice was only in the 70's and couldn't understand it - a little while later they warned. Funny how the market knew that warning was coming and he didn't.

CR

[cockneyrebel] 08/7/2013 20:12

No, not at all PJ1 - I just don't believe any gain, if any, from meeting directors is worthwhile when doing a bit more basic research would be far better time spent imo.

My pension is up 7000% in 10 years and I've never met a director of a Plc I my life - I prefer digging around. I just think unless you are capable mining your way into a balance sheet and asking directors really tough searching questions (and very few are) then the majority that go to these meetings are likely to be misled either by directors or by others at these meeting that seem to have a better grasp of things than themselves, when perhaps they just appear to have imo.

I'm not sure you're quite right about the FTSE Fledgling marlint111 as there's way more co's in the Fledgling than go to Mello imo so the losses/gains are more spread.

Anyway, I just think as an investor you can spend your time more profitable 'Deep-Googling' rather than meeting liars imo.

CR