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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Smc Grp | SMC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.625 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.625 | 3.625 |
| Top Posts |
|---|
Posted at 15/1/2008 08:48 by marvelman Yes Silverfern, I can well understand why no one wants to buy shares at 8p issue price...hardly a bargain. As an AUK investor myself I understand your point re better run companies...the FD and CEO were my problem with this company...unfortunat |
Posted at 13/12/2007 13:01 by cool_hand mdin79 - that's the problem - you can't tell. and that IMO is one of the reasons FSA should of investigated. Plus there was clearly insider dealing going on between the porky and the final profit warning.My mistake was not to bail after losing 50% value in 45 minutes and not to have a stop loss in place. I don't like stop losses as I look to invest long-term and tree shakes can take them out, but in this instance lesson learned. The other thing: Profit warnings usually come in threes - I didn't research correctly and take notice that 2 profit warnings had already been released - but the porky took everyone in not just me. I know there are people that took a heavy loss on this one - I thank my cotton socks my loss is not to much and I can put it down to experience. In the long term a lesson now will hopefully pay for itself in the future. I am only a novice investor. |
Posted at 13/12/2007 12:46 by mdin79 cool hand - how can you tell a company is telling porkies ? It's usually too late by the time anyone realises. My lesson is to avoid ANYTHING that issues a profits warning. The positive rns that followed the initial warning which resulted in a 70% rise is probably the porky that has lost out even the shrewdest investor. Incredibly shambolic.....The warnings were there though but too many had held too much faith in the management's lies. Obviously posters posting one liner ramps along the way are just as bad. You know who you are. |
Posted at 13/12/2007 12:27 by topinfo Not too bad Cool Hand, much bigger losses to come once unaware investors return home from work and bail out 2moro... |
Posted at 27/10/2007 18:27 by rik shaw Building Magazine Article this week notes:"In a bid to reassure the City, it is understood that SMC will take the unprecedented step of releasing third-quarter financial results in the coming months, ahead of its full-year results. This is intended to show investors that the restructuring programme of the past few months has resulted in a return to profit." For full story: |
Posted at 26/10/2007 07:06 by pugugly latifs100:> The Directors are not fools. If you were a director of a company which you knew might not survive would you buy shares in it just to allow investors who were mislaid by the actions of previous managment to bail out??Get real - there may be value left but actions (or rather lack of them) speak louder than words. (imo & dyor etc all cautions apply) |
Posted at 15/10/2007 06:39 by pbracken Small Talk: Auckeet looks up as SMC ponders lonely future By Andrew Dewson Published: 15 October 2007 Despite the fact that both companies are very much at the smaller end of the UK market, the proposed mergerbetween SMC and Auckett Fitzroy Robinson would have created the UK's largest architecture practice. But the talks were called off on Friday and, although Auckett investors may be relieved, the outlook for SMC remains bleak even if it is still in talks with a private equity buyer. SMC has had an awful year, culminating in a grim profit warning in May that has sent the shares into freefall. The merger with Auckett could have offered it a way out of its difficulties but with more than £18m of debt on the books and the equity valued at less than half of its debt pile, the company is going to have to work miracles if it is to remain independent. The word in the markets is that the potential buyer is none other than Stuart McColl, the founder of SMC and still its largest shareholder with 17 per cent of the stock. However, hewas ousted on the back ofMay's warning and given that the stock has fallen 80 per cent since then the chances of an offer at a significant premium to Friday's closing 15p per share price look very slim. Auckett has a stronger balance sheet and although a successful merger between the two would have required an awful of work it appeared to offer SMC shareholders the chance to recoup a larger proportion of their losses than would taking the company private. The chances are that the talks ended because it would have turned into a merger in name only with SMC teetering on the brink Auckett was undoubtedly the party in possession of all the aces. For investors, the choice is fairly straightforward Auckett is in good shape and will likely outperform as a standalone entity now that is not sorting out SMC's woes. Sensible investors are already out of SMC, and for anyone left in, the future looks precarious to say the least. |
Posted at 29/5/2007 12:55 by up2day I have dug up this from message board going back to 2005 when it was last at in the 40,s. Makes good reading and so may not be the end yet. Since Joining the AIM, with an IPO, SMC has not realy got the attention of investors. Since results, several tipsters have recommended the share, with many more to follow. This is what Company Growth Investor had to say 06/09/2005 Last month, Growth Company Investor issued a strong buy recommendation at 44.5p on SMC, ahead of maiden first half figures from the architecture outfit chaired by Sir Rodney Walker. Those exceptionally strong interims to June have now seen the light and the shares have clipped higher to 49.5p. SMC, which joined AIM with a £4.59m funding in June, reported a 255% profits jump to £1.1m on turnover raised 47% to £5.44m. Chief executive Stewart McColl was particularly pleased with the 260% vault in earnings per share and a 140% surge at the EBITDA level to £1.45m, 'especially since we only had 20 days worth of revenues from the two acquisitions completed at float in the numbers'. SMC's strategy now is to use growing scale to bag larger-value, higher-margin deals McColl says subsidiaries are already enjoying larger scale project wins as part of the larger AIM group and supplement its rapid organic growth with select acquisitions. 'We are looking at a few businesses that we might acquire, and as the business grows bigger, we'll be more equipped to handle PPP and PFI projects'. Aside from future earnings enhancing add-ons, a recent announcement flagged up a swathe of new wins that will provide some appetising future fee income 'we see some of those projects running through until 2007', added McColl. GCI thinks SMC has high earnings visibility and tasty levels of repeat work, and we remain firm fans. Full year forecasts suggest a top-line leap from £8.1m to £12.8m, and normalised profits of £2.91m, a significant jump from last year's £1.1m. Forward earnings of 7p translate to a prospective p/e of 7.1. Far too low. Keep buying. Investors Chronicle also issued buy recomendation last week. If you want a safe bet for your money, with a chance of a 3 fold increase in your money, then this is the one. |
Posted at 27/5/2007 14:16 by michaelmouse Dawson International -13/03/2006 - "Commenting on the preliminary financial results for the period ended 31 December 2005, chairman Mike Hartley said: "2005 has been a year of considerable achievement reflecting on the success of our turnaround strategy by restoring the group to profit and building the foundations for future growth. We enter the year with a significantly improved balance sheet. Looking ahead we expect to see returns from the actions taken in 2005. In particular, Dorma is expected to reap the rewards of its restructuring and in the second half of 2006 Todd & Duncan will begin to experience the benefits of its #2 million capital investment programme. The directors expect that the group will achieve continued improvement in 2006." 22/03/2006 - Just 9 days later Hartley and spouse dump 425,000 shares (at between 10p-10.25p) 20/04/2006 - Just over 1 month later the company issues a profit warning. ChoicesUK - 03/04/2007 - Interim results. "ChoicesUK said it is well placed to complete its recovery plan and achieve positive cashflow for the final 24 weeks of the current financial year, adding this period will end on July 28 after the change in accounting date. It also said it has made excellent progress with the disposal of loss-making and non-trading stores, and talks and arrangements for further disposals are well advanced." 18/04/2007 - 15 days later. "The Board of ChoicesUK plc ("the company") has reviewed the prospects for the 24 weeks ending 28 July 2007 in the light of the company's trading experience over the four weeks ended 7 April 2007 which includes some of the key Easter holiday." "The Board does not believe that trading for the remainder of the current period will make up for the poor performance over these four weeks. Consequently, it now expects that the financial performance for the current period will be substantially below market expectations. I do not own any shares in SMC and the company has only just come to my attention. However, I took a quick look through the bulletin board and noticed that a number of astute investors appear to have taken a 'hit' with this one. Genuine commiserations. You have a right to feel aggrieved. I have posted the above announcements from two companies I have had the misfortune to invest in. Your experience with SMC is not unique. Sadly, I am not sure what can be done about these situations where investors feel that (at best) they have been misled by individuals or management teams. These experiences are giving the AIM market a bad press which is a shame since investor wariness means they are likely to miss out on some genuine opportunties. I am sure that a number of investors on here are lucky enough to have invested in AIM stocks that have multi-bagged. Perhaps the best we can do as PIs is to ensure we alert one another to companies, individuals and management teams where we have lost confidence. Posters often get drawn into petty squabbles about different investment styles and company valuations (myself included) when our time would be better spent collectively sorting the wheat from the chaff, the honest from the deceitful etc. All IMHO. Best Wishes. Michael. |
Posted at 19/4/2007 09:08 by jakleeds I think we'll get a buy rec in tomorrow's IC. Here's an article they posted a few weeks ago called 'Fighting Back', about companies that have issued a warning and have the potential to rebound strongly. Notice the price at the time was 102p. The article doesn't contain anything we don't already know but still worth a read: ....Nevertheless, one person's problems are another's opportunities and the period following the initial share price falls can offer plenty of opportunities for investors to make gains. So we've searched through the ever-increasing ranks of Aim's shunned and unloved companies, to find those companies that appear to have picked themselves up, and now seem to be staging a recovery. It's impossible to exclude the possibility that things might go wrong again, or that management might have underestimated the scale of the problems that they face. But, unlike many of Aim's other problem companies, this selection of eight are all showing signs of finally starting to fight back. SMC Share price: 102p PE ratio: 13 Share-price FALL since one-year peak: 47 per cent What went wrong: SMC is a classic case of an Aim company expanding too far, too quickly. The result was that management lost track of what was happening and where. The company floated in 2005 and the share price rose from the 43p float price to a peak of 193p, as investors backed chief executive Stewart McColl's plan of building a large group of architects' firms through acquisition. But the first cracks started emerging in January, when the company announced that profits would miss expectations. The reason was that, in an effort to make their numbers for 2006, some of the subsidiaries had been too optimistic in their treatment of work in progress. What spooked investors, though, was that not only did the accounting practices differ across the group, but management also neglected to ensure that all the acquired businesses were fully integrated and performing according to plan. What's changed: A new finance director has been appointed, and chairman Sir Rodney Walker has taken executive responsibility for the group. Mr McColl has become deputy chairman. More importantly, the attitude to acquisitions has changed. Sir Rodney is now reviewing "all operational and managerial" aspects of the group, and has promised that the short-term focus will be on organic growth and operating efficiencies. And the core attraction of SMC - that a group of architecture practices will be in a better position to win larger contracts than smaller businesses - remains in place. |
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