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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Straight | STT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 77.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 77.00 |
| Top Posts |
|---|
Posted at 29/7/2014 20:53 by gelp I was big fan and managed to clear a nice profit by averaging down big time. That was luck not skill!!!JS done a great deal in the circumstances and being mortal would have been hard pressed to refuse the certainty of the cash offer. I think good deal from both sides - and well executed by bidder. Thank you JS for being open and 'Straight' throughout time on the market. Shareholders and bankers did not have his nerve when he expanded and frankly let him down in letting price drift down. Had the price held up he would have done more deals I am sure- but that is a symptom of the times. Coral has featured on these pages quite a lot - does any one have a view as to whether that is the next one to move in a similar manner? - or any other undervalued stock for to reinvest some of the gains from STT? Good luck all followers any way! |
Posted at 25/4/2014 09:20 by gelp Yes Should be well above NAV. 100 - any more The longer the delay the more chance of other player (s) to enter/auction. But no sign seller wants to sell! The article in The Irish Examiner 23rgd April by Geoff Percival indicates EXPECTATION of a deal from One 51 base. From last paragraph 'since start of year One 51 plc has agreed E75 million bank facility. The t/o of STT will make O 51 the clear leader in recycling bin sector in GB' You bet! (and more) STT results statement with benefit of 3 months trading indicates continued optimism going forward in any event. As a small cap STT is presently below radar of big investment funds. 100 million sales is often the bar. That may account for small trades. Possible a case of heads we win and tails we win anyway? |
Posted at 24/4/2014 09:49 by jmf69 £1 plus... well that's what I want anyway. Otherwise let the recovery continue and dividend payment next year. |
Posted at 22/4/2014 16:23 by jmf69 I'm happy for them to go it alone rather than sell on the cheap. Outlook is looking good and my money is on a dividend payment next year. |
Posted at 22/4/2014 15:53 by yorkie investor I suspect another extension , some phrases from the final results would suggest JS and the board are looking at an independant future? that may be in the best long term interests of shareholders as results are improving and hopefully divi will resume again next year. |
Posted at 17/4/2014 08:40 by gelp Yes. This is very good progress and in line with expectation. There are a lot of highlights. Some exceptional recurring costs like consequence of £400 k for faulty tool (though 200 k is only provisional - could come back) have dented what would be even better result.Nice potential return to dividend (I remember receiving before) and positive present trading and prospects ( we are already half way through the 6 months so must have strong evidence with Sales to date). Historically the reports have been transparent and given good indicator of business trend. We saw recent publicity about further export ramp up. Time for predator to put up or shut up. Generally JS 'punching above weight' -so did Richard Branson- and has done so successfully for years. He has achieved leading status and remarkable spread of risk and product in a specialized growing blue chip market . Legacy problems (through bold deals)now in the background. Inside or outside a bigger concern the business should flourish. Good luck all! |
Posted at 06/4/2014 08:37 by gelp Jeansey2 and JMF69Lot of amount of effort and expense by both corporate teams. Should not delay or drop off easily. Somehow STT has to give sufficient information to competitor without divulging trade know how. Hard to believe that there was not some indicative formula or offer or price requirement at least in order to start the ball rolling. Agree that this circa £30 million a year company, back to profit and perhaps reinstatement of dividend could return to a market cap of earlier times - like 100 p +. STT was unfairly penalized on share price following bold but earth changing moves. I guess they could extend the deadline but whats the point? Once results are announced and business already through part of next period then one would expect some deal or no deal question to emerge quite soon. Remarkably quiet on the trading front though may be any loose stock is being quickly mopped up. what could a deal comprise? Cash/Shares or a Mix. One 51 has a lot of tools at disposal. Though Irish based, Rotheram to Leeds is not very far and both appear to have factories in the region. Good luck to JS and all holders - and by the way now the rain has stopped we may have a drought - and watch demand for them water butts rocket with the price! imo, dyor, |
Posted at 15/3/2014 09:11 by gelp Not unusual in serious matters.One 51 is very transparent: fabulous entity with history: extract only - off latest news report: Note the disposal for E9 million net proceeds of NON CORE operation + E75 Million facility. STT is perfect CORE acquisition. One 51 plc look Ready Willing and Able - what more could one want from a suitor! Bit of research reveals lots of information. By the way a few tax losses are very attractive as well! Not easy to extract cash from banks - must show very good reason! Looks like a duck, sounds like a duck - may just be a duck! IMO. DYOR. "Bank Facilities Refinanced One 51 has recently agreed new bank facilities with Bank of Ireland, Allied Irish Banks and Ulster Bank Ireland. This is a new 75 million bank facility for a 4 year term to January 2018. The facility may be extended for a further year with the agreement of both One 51 and the three participating banks. This new bank financing arrangement is a result of the successful restructuring, performance improvement and portfolio rationalization measures implemented by the Group over the past two years. The terms of the new bank facility are competitive in the current banking environment and will result in significant savings in interest costs to the Group. The new facility also provides the Group with a secure base for the Group's financing needs over the coming years. This is a very positive development for the Group and we are pleased to retain the support of our core banking group who have been lenders to One 51 since 2006. Augean Subsequent to the year end, One 51 disposed of its non-core shareholding in Augean plc for net disposal proceeds of c. 9.0 million" |
Posted at 17/2/2014 20:03 by gelp Investec is Stockbroker to One 51 PLC. Last time JS sold shares he achieved 275p in May 2006. Business is obviously worth a lot more to buyer in the same business as is One 51 than an unconnected bidder. There is a large degree of fragmentation globally of STT core activities. Scale is advantageous. Some consolidation is inevitable. Looks like One 51 plc in pole position. Can't wait till March 14th! |
Posted at 16/2/2014 19:13 by gelp Yes JMF69: Share price was moving up on back of obvious improvements in prospects before this, and specially since last year refinance.Sales returning towards 30 million and profits as well in wonderful Market Space uk and overseas. Languishing share price clearly attracts opportunism. Looking at One 51 PLC and the very long history is not rocket science to see massive Short, Medium and Long term benefits in merging STT. Others may wake up as well now. JS has over very many years been a buyer than a seller and will be interesting now tables turned with approach from a very much bigger concern. At 100p would be only be valued at £15 million, just half of sales, and many of us remember those pre collapse days with share price above this on lower sales and less prospects . share price punished short term on courageous acquisition deals due to lack of bank co operation - and having used vendor finance very sensibly and restored bank confidence the share price is back on the up. THis would be a Smart move by One 51 plc - at double the price! (Note they pulled in 9 million euros from selling a none core subsiduary recently and just announced 75 million 4 year euro bank credit line). Off Google. STT Shares tightly held . Good luck to JS the team and all shareholders. PS Offer will need to carry is it 80% of shareholders? You may guess I am long term fan - but all good things come to end one day - but not just yet!!!! |
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