Southern Bear Share Discussion Threads

[masurenguy] 25/4/2007 11:42

See Holdings in Company 04/04/07 in the News section above.

[jakleeds] 25/4/2007 11:33

What director sales??

[cestnous] 25/4/2007 08:13

Yes me. But could they have been bought by institutions? How tightly are the shares held?

[kaffee] 25/4/2007 06:26

Nobody bothered by those director sales ? Not a big monetary amount but a fair % of the company to sell if this one is on the up as you all predict.

[matt9991] 23/4/2007 13:35

share dilution I think it says to raise a max of 450k. Worth it if it adds 200k a year to profits!

[liarspoker] 23/4/2007 13:32

I just hope that there is not much debt attached to it matt9991.

A bit of director activity would be welcomed imo. :O)

[matt9991] 23/4/2007 13:25

Hyundai welding goods by the look of it.

The manufacturing side will only cost £1, if profits are less than 100k! Sounds a bargain!

[liarspoker] 23/4/2007 13:18

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.

[tole] 23/4/2007 13:02

Acquisition of Towerinput Limited and Towerinput (Manufacturing) Limited

Jon Pither, Chairman, stated "These acquisitions enable us to further strengthen the existing Group and show we are committed to developing a large group of complementary businesses within our target sector. We are very excited about the potential available from these new additions."

[nickcduk] 13/4/2007 13:31

Im not sure overhang is cleared Liar. What we are seeing is very positive though. A lot of sells over last week or so have all been at 3.5p without budging the price. That sounds like someone accumulating stock. My bet is its one of the insititutions that was brought on board in the recent placing adding to their stake. The more sells that are mopped up the less overhead resistance there will be when we finally move higher.

[liarspoker] 13/4/2007 12:57

Funny how todays 200K+ X-trade gets done at 3.5p whilst the poor punter buying 10K get's ripped at 4p.

However the fact that the 10K guy had to pay 4p shows that any overhang has cleared.

[liarspoker] 10/4/2007 11:12

The spread is quoted as over 12% but it is possible to buy and sell closer to the mid-price. I wish that MM's would stop mucking around like this, not only here but on other shares as well. Anyhow the sector is still booming imo so only patience is required.

[liarspoker] 05/4/2007 12:46

I am not sure Tole. Some trades this AM at interesting prices though.

[tole] 05/4/2007 10:54

Looks pretty good value now after that recent trading update...anybody know the overhang situation?

[liarspoker] 04/4/2007 13:34

That explains the X trade yesterday. Question is now - who is the buyer ?

[allstar117] 04/4/2007 13:32

Southern Bear Holding(s) in Company
Holding(s) in Company
4 April 2007

The Company has been notified that Bernie Lloyd Rogers disposed of 2,857,142 Ordinary Shares in the Company on 3 April 2007. Following this disposal, Mr Rogers is interested in 4,285,715 Ordinary Shares in the Company - representing 3.30% of the issued share capital.

The Company has also been notified that on the same day, David George Tapp disposed of 2,857,143 Ordinary Shares in the Company. As a result, D G Tapp now holds 585,715 Ordinary Shares and J H Tapp holds 3,700,000 Ordinary Shares. As they are married to each other, the holding of the other is deemed, for the purposes of section 346 of the Companies Act to be part of their own holding.

This holding of 4,285,715 Ordinary Shares is equivalent to 3.30% of the Company's issued share capital.

[liarspoker] 03/4/2007 11:37

5m + X this AM.

[cambium] 03/4/2007 09:57

I will have a look further cheers, sorry for OT

[liarspoker] 03/4/2007 09:51

Thanks anyway Cambo but it's not STBR.

Looks like you are missing a good share if you haven't researched this one. ;o)

[cambium] 03/4/2007 09:25

Is this your lot Liars

Care home operator Southern Cross may stumble if it runs out of new homes to operate. However, with the UK market highly fragmented - SC has only a 6% share - this is probably three to five years away. The shares trade at 19.3 times 2008 forecasts - not excessive in view of its prospects. Buy says the Times.


Apologies if not

[liarspoker] 30/3/2007 10:27

Jak - it certainly is a hot sector which is one of the reasons why I invested here. I also agree that patience will pay off here:

Chieftain Group Plc ("Chieftain" or "the Group")

Preliminary unaudited results for the year ended 31 December 2006


Chieftain Group is an engineering services business, encompassing Engineering,
Fabrication, Manpower Supply, Environmental Services and Outfitting. It is based
in Newcastle upon Tyne with principal operations on Tyneside, Teesside and in
Belfast and Barrow-in-Furness.


Financial Highlights

* Turnover increased by 120% to #33.0 million (2005: #15.0 million)

* Pre-tax profit up 107% at #1,506,000 (2005: #729,000)

* Basic Earnings per share up by 108% at 11.91p (2005: 5.73p)

* Full-year dividend up 43% at 5.0p (2005: 3.5p)

* Net Cash position improved to #3.8 million (2005: #2.1 million) despite
investment in expansion


Operational Highlights

* Significant new client wins in Engineering Services business

* Outfitting business underpinned by long-term Astute contract

* Current order book up 28% at #68 million


Commenting on the results, Chief Executive, Bill Taylor, said:

"I am pleased to report that 2006 was a very strong year for Chieftain with
turnover, profit before tax and earnings per share all more than double 2005
comparatives. The Group is set to continue its expansion on all fronts in the
current year and I am pleased to report that, as at 31 December, our order book
stood at #68 million, a record for the company and some 28% ahead of our
statement of 21 March 2006".

[kenatbabken] 30/3/2007 09:50

The aquisition of Tarvail Design makes sense and does,nt seem to of cost a lot
of money.Hopefully the other money raised will be used to expand too different
geographical areas.A downside will be that EPS will be diluted

[jakleeds] 23/3/2007 20:32

I'm surprised nobody has mentioned Chieftain's results, which were superb and the price has risen strongly since they were announced. Should help dispel some of the negativity that has been evident on this board regarding STBR, even since the TS was announced. The sector is booming, so it's a case of being patient with this one if you can.

[liarspoker] 20/3/2007 20:12

Old news but maybe of interest to newbies:

[liarspoker] 20/3/2007 19:58

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.