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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Southern Br | STBR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.35 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.35 | 0.35 |
| Top Posts |
|---|
Posted at 24/12/2009 08:17 by spangle93 Originally posted by themoneymonster2 on the BAO threadSouthern Bear* (STBR) has announced that it has issued £2.68 million of 8% 2014 loan notes convertible at 1.5p per share and has as a result completed the acquisition of Intumescent Protective Coatings, first announced on 16th December. Four directors took £50,000 of the issue each and Nigel Wray* £1.75 million. As stated at the time, Southern Bear looks to have struck a pretty compelling deal for Intumescent and with the rating, at 1.875p, already looking conservative, my stance (despite the potential dilutive impact of the conversion of the loan notes), remains " long term buy". You may ask why the SF Fund did not back this placing. The reason is that it was handled (very badly) by Astaire Securities which has a habit of failing to raise as much cash as it promises it can and doing so largely through bucket shops and by dumping stock on the market maker. Its after market support is minimal. As such why on earth would anyone sign up to buy shares in a placing by Astaire? We have a house policy ( after a bad experience elsewhere) that we will not touch any issue being bodged by this firm. I fear that as the bucket shops take their turn Southern Bear shares will tread water for a while so while I am sure that the long term case will come out I cannot see short term fireworks. I have made the point to Southern Bear that Astaire did a rubbish job on this placing and that anyone backing any Astaire placing is certifiable and urged the company to upgrade its broker. Who to - I care not. Anyone else is an upgrade. We hold our stock for the long term but will not buy any more until Astaire is fired and the risk of bucket shop/market maker placings at a big discount is reduced. |
Posted at 25/9/2009 07:18 by spangle93 Phew, 10p by end of the day. At what point do acquisitions cease to be material? The Directors of Southern Bear are pleased to announce that CFC 0084 Limited, a newly incorporated wholly owned subsidiary of Southern Bear, has purchased the goodwill, stock, plant and work in progress from the Administrators of Ronald Thompson Limited ("RTL"). RTL is engaged in the refurbishment and maintenance of commercial properties including the provision of heating and plumbing services. The consideration was GBP40,000 in cash |
Posted at 29/4/2008 08:52 by liarspoker Yep, all is well Spangle93. Thanks for asking. Renovating the house atm so not online much.STBR is a strange one alright. You'd think that they'd be raking in business left right and centre especially on maintanance conrtacts. I only have a few left and am happy to hold them to see if the story changes. Funnily enough I don't even watch them on my monitor anymore ( shocked smiley here ). ;o) |
Posted at 28/4/2008 21:12 by what is a login ? I sold my small bundle of shares when STBR bought a "complementary" business in the North of England. It spoilt my image of white vans busy in the East End of London. I tried to figure out what complementary meant and decided it was the opposite of bolt on (not Bolton but near it). All in my imagination of course. SOd's law or similar dictates that after you sell, the share price goes up and that's what happened. People simply get tired of waiting for the share price to rocket. There is no divi coming in while you wait. Other more alluring shares beckon. Take a look at Nighthawk for instance. Anything connected with the resource stocks seems to go up these days. Another thing that concerns me is that Mr Pithers is getting on a bit in years... I know it sounds maliciously ageist, but I read in Private Eye that owning AIM listed shares sometimes exempts your heirs from inheritance tax. Otherwise I can't really understand why he and his crew didn't leave Tarvail to get on with its small but profitable business in peace. Sorry to be so long on opinion and short on fact but FWIW these are my thoughts. |
Posted at 12/9/2007 12:04 by nickcduk Nigel Wray coming on board is good news. He will help bring up the profile of STBR and attract other investors to the story. Also nice to see he was happy to pay 4p for his holding. Would expect some press coverage following todays announcement. |
Posted at 06/9/2007 16:14 by liarspoker EGM statement out and a small tick up. I thought we were in for another period of flatlining. :O) |
Posted at 14/8/2007 11:14 by rivaldo Bcf203, it's good news - the placing price is 4p as per the definitions at the bottom of the RNS:'Placing Price' The placing price of 4 pence per Placing Share; The not so good news - another 20m warrants to be issued. The good news - the results were excellent. The not so good news - sales are expected to be lower as two large contracts are ending. The good news - results to date this year are in line, and the latest acquisition looks to be excellent and at a good price. I have a small holding here and will top up on more definite trading news. Braver souls will buy in now - STBR "could" be very cheap, but with all the caveats it's a bit difficult to tell! IMO anyway. |
Posted at 23/4/2007 13:18 by liarspoker Interesting news - Am I correct in saying that STBR now have the UK license for Hyundai distribution ? I see Towers loss nearly doubled in the last year but STBR must see a strong opportunity here. |
Posted at 20/3/2007 19:58 by liarspoker Yes - I think that this acquisition is a good step forward. I am normally not a big fan of engineering companies but I do like the fact that Tarvail design operates in the same area that STBR ( ok - tarvail ltd ) operates in ie: Pharmaceutical etc. Obviously Tarvail Design was part of Tarvail Ltd in the sense that the companies worked hand in hand so I think it is just that STBR acquired TD as well.It will be interesting to see what the working capital looks like once we see the new balance sheet. I take a small amount of pleasure in seeing extra raised money boosts the B/S but at the same time I am more worried as to why they need to boost the B/S. Also interestingly enough the shares were placed at 3.5p which is not to far below where we are now. It is my opinion that due to this placement we are now under 4p. If there would have been no placement I am sure the share price would have been over 4p as we speak. I do not think that there is enough money left after this acquisition for further sizeable acquisitions. Perhaps another placing my take place within the calender year from now. RCG had a few placings and look where the share price is now - placings aren't necesarilly a bad thing. SMC had a placing at around 80p if I remember correctly and ended up at 190p before the fall. Let's hope that STBR's accounting policies are just from day one. In all I still see the share price substantially higher in the short term. |
Posted at 09/3/2007 17:56 by woodcutter i see a number of tol shareholders here ken did you top up on the recent dip?i was anticipating a furter drop and held off, gone up so will be waiting now. Anyway on to stbr. My background in this industry sector, capital project work, and i have ran several engineering divisions so i have a little knowledge. I've been invloved in the pharma sector, (GSK) dairies, (Express and Unigate) brewerys (S&N) and nuclear it's many years since i worked but there are some things work noting. The big players were, and probably still are, GEA and APV which is part of invensys. They tend to do the major design and build. The build is usuaully sub contracted to smaller manufactures. Some of the smaller guys have design capability as well, this sounds like stbr. Sometimes the big boys off load small design and build packages to the little guys and sometimes if the work is too small in capital the client will go direct to the little guy, again this sounds like stbr One of the main issues is the lack of continuity in work flow and you need to have very good management skills to balance workload workforce demand. When things are good and clients are spending capital they are very good. This carries it's own problems in that you can't find people with the right skills and it's very easy to employ someone who drops a cod and even on projects with reasonable margins they can quickly be eroded. When times get tough it can be very difficult because you have to buy work.One minute you can be running down contracts the next you've got more work than you can cope with. The good points are the barriers to entry particularly for Pharma work as it's very specialised, it's pretty much all stainless steel, and you need to satisfy all the regulatory requirements. From experience once you have succeeded in developing a relationship with a client and proved yourself your there for life. Not withstanding of course you might not be the only company in this position, they like to keep the tender process healthy. Another aspect of their work that is very positive is their schedule of rates work. This is easy money in the sense that you have agreed rates for everything from welding an elbow to cutting pipework etc. However you still need to ensure that your men are doing the work quickly and effectively. The biggest growth for stbr could be working on the olympics but (and i speak from experience) finding the right people to grow with the company will be a big challenge. There are a shortage of GOOD skilled engineering people in this country. Commercially contract terms can be tough and payments staged based on completion targets with penalties and monies held back for warranty issues. Recognising how revenue is attributed year on year is also important to look out for. It's very tempting to take the profit on a part completion into one year to make the figures look good in the hope that you will get enough work the following year to fill the gap - i've seen it done. Personally i think i need to do more research, i know how tough this business is particularly growth aspects, it's imperitive that the management is good, very good. I apoligise to those who know this type of business, it probably seems like a pretty long diatribe but it might be helpful to others who have little knowledge of the sector. What would be interesting to know, would be how much turnover they could absorb (assuming reasonably spread) with their exisitng workforce, that would give some level of comfort on growth. I'm also a little nervous about the number of warrants as a percentage of ordinary's and the number of brokers holding just in case they are looking for an exit. all meant with best intentions Woody |
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