Smc Share Discussion Threads

[up2day] 04/10/2007 12:21

Sold out in August, but am i right in believing smc turn over 3x AUK yet AUK have no debt. AUK market cap 3x SMC. How can a merger be good for SMC share holders. Would it not be better to sack thoughs responsible for this dilema, caused due to the policies of expantion at all costs, even profit.

[anusol] 04/10/2007 11:54

motivation within the company must be getting very low - employees must see this going down the pan and any quality staff will be relocating as fast as they can. And who on earth would want to employ them as architects when there is a fear of going bust half way through the project?

Sorry to be negative - I got stung badly on these early in the year, and I would also like to see McColl lose every penny. My sympathy for any holders.

[drewz] 04/10/2007 11:36

Fat Bob loves dabbling in dodgy stocks.

[stnick] 04/10/2007 11:35

didn't know you had any of these Bob

[bigbobjoylove] 04/10/2007 11:27

stop following me around.


It's going (.) (.) up. Last one out switch off da light.

[masurenguy] 04/10/2007 10:09

Little bit of schadenfreude perhaps !

[cool_hand] 03/10/2007 20:10

If AUK buy SMC what happens to our shares?

Or are we looking at a merger here?

[kumala] 03/10/2007 19:33

as far as i am concerned there is no point in me selling at these prices when i got in at circa 90p unless to use against capitol gains else where. I have now written this off untill positve news and sentiment return to the share, luckily i did not put to many eggs in this basket and am making some modest gains else where with better prospects, hopefully it will not be to long before i recover losses hear from investing elsewhere.

Good luck to all.
Regards
K

[gary102] 03/10/2007 17:37

Thanks for excellent reply Paul :)

[kemche] 03/10/2007 12:44

wyorke, in english please?!

[wyorke] 03/10/2007 12:16

if shares price drop more 50% at high history price, must sell at all.
it is tread book (university teach student ...) say.
so not buy.
but this price is very lower at 15p, maybe hold only.

[paulcaine2003a] 03/10/2007 11:00

Hi Gary,

Haven't spoken in a while. Im not in SMC at the moment and took a pretty big hit on this one earlier in the year. IMO, its hard to judge where the share price will go. I thought that there was some kind of support around 18p but that has been breached. With the possibility of the merger, who knows where this will go. Am tempted to get in at these prices although to be honest with you the debt is extensive, and if the merger isn't properly managed, SMC could end up bringing AUK down with them.

I think underneath it all, there is long term value in SMC (I know they are winning contracts left right and centre but have no idea of the profit being made).

Another thing is that Kier Chiefr Exec recons the construction boom will continue for at least another 3 years. If thats the case, then that gives potential for SMC to get things together and set up a profitable business which could lead to a buyout (should the current merger fall thorugh).

One final thing is that SMC bosses may need to merge the company to stop it from going under. I know AUK don't have any debt so in that case the debt that SMC have would be shared. As a result of sharing debt with AUK, you have to question what bargaining power SMC will actually have with the merger and the terms that are likely to be given are more than likely to be in AUK's favour. IMO, AUK is looking like more of a buy than SMC because if the merger fails, their share price is likely to increase and if the merger happens then their shareholders are likely to get better terms than SMC's.

[gary102] 03/10/2007 09:23

Hi Guys

Do you think there will ever be a good time to buy these shares again?

[njp] 03/10/2007 00:50

Still reckon there's a good business here but the debt is crippling. There's also the question of whether they're going to merge with Aukett or find new top management.

Number one worry wrt to whether people will recover their losses is the risk of dilution or unfavourable merger terms.

[turbotrader2] 02/10/2007 20:29

dream on cyber

[cyberbub] 02/10/2007 16:04

i have done 4 trades this year and lost on all of them. currently down 90%. what a crock of sh*t this share has been. having said that i agree with some posters that the share price will eventually recover and i will get most or all of my money back - however i am not expecting this for at least 2 years now :-(

[turbotrader2] 02/10/2007 14:38

ginger one at that

[mdin79] 02/10/2007 14:32

What a dispicable story this truely is ............. i thought my average @ 30 was 'reasonably sound' .............i'll echo bigbob's comments & presume McColl sticks his 8 mil. up his tight crack in the not too distant future !

[hursheel] 02/10/2007 13:49

merger at 15p possible