Straight Plc Share Discussion Threads

[charo] 13/12/2011 13:53

last trade at 32p why no price adjustment.
,

[charo] 24/11/2011 14:30

next level is 30p,suspect more bad news.

[charo] 08/11/2011 10:32

very positive from competitor coral.

[charo] 03/11/2011 15:29

definite down turn coming.

[charo] 21/10/2011 12:48

support at 40p if level breached could go into freefall.

[charo] 19/10/2011 08:15

confused as to pricing can any one help.

[charo] 18/10/2011 14:44

fairly large trade at 45p? bad news ahead.

[topvest] 11/10/2011 20:40

Absolutely..it's very risky at the moment.

[charo] 10/10/2011 15:49

any further bad news this will collapse.

[charo] 07/10/2011 09:27

the problem is two fold.operational js does not understand manufacturing and the demand of quality supply.financial control trade creditors are being squeezed to the extent that supplies will be in jeapordy at 3 months plus this is not sustainable.any further production problem will lead to cash paralysis.a deep discounted rights will help but board change will be essential even if later rather than now as required.the bubble has burst and cant be reinflated .will require slow and patient rebuilding making use of expensively acquired resources .chairman should consider whether a merger would be a better move.

[kenatbabken] 29/9/2011 10:30

The price of Polymer rose 20% in 2 months at the beginning of this year and stayed
at its high for 3 months it has since dropped back to roughly 4% higher than
January,Being on fixed price contracts will have caused the profit warning.
The CEO of Plastic Omnium the worlds largest maker of Bins said the spike was due
to speculators buying up forward supplies of Polymer and forcing up the price.
The same happened with cotton and wheat,Its what Straight do in the future to
counteract such spikes in raw material that will be crucial

[charo] 29/9/2011 09:49

was not suggesting not straight merely ambitious beyond his capabilities.like many who talk the talk unable to deliver.the 100 million target a mere example.as to having made deals for cash shareholders would be even more out of pocket do the sums.

[topvest] 28/9/2011 20:29

JS, the guy with dodgy moustache, is Straight I always thought. He started it and made Straight what it is, so if he's a liability there is no hope. I would say that they have been over-ambitious and the JS plan of £100m turnover or something has clouded judgement. Personally, I think the deals that have been done are ok, the mistake was doing them for cash and debt and not raising equity at £1 or so. If the group goes down that will be the reason!

[charo] 28/9/2011 10:10

they should seeek a merger with a better mnaged group.js is perceived as a liability and should resign,not that he will.possibility of rescue rights diluting js .

[topvest] 27/9/2011 20:34

Yes, this seems to be going downhill fast. Their move into manufacturing doesn't seem to be going well. Cashflow looks a problem and passing on the dividend is ominous. High risk of another profit warning. How this has turned from a growth stock into a "dog" in less than a year is truly remarkable. Not tempted back in until they have proved they can do manufacturing - not convinced they have the skills!

[charo] 27/9/2011 08:59

the reported numbers are not as bad as could have been,if you can believe them.as with many such the truth is in the detail.the very high inventory causes me to exercise caution. they are as stated in which case management control is poor or they are overstated in which case losses are greater. carrying values of subsidiaries is a concern and could lead to substantial write off if recovery is not swift.
competition is intense and prices will not move up substantially.margin needs to improve 20% TO return to profit levels sufficient to justify existing share price let alone previous levels.cash remains a problem and final dividend will come under threat.

[charo] 21/9/2011 10:28

bad news i fear.straight down.75% off peak.indeed in studying the annual report cash is now a problem they are really stretching creditors div must be at risk,chairman needs to exercise some restraint over ceo.

[charo] 24/8/2011 14:03

later than before,more bad news.

[charo] 12/8/2011 13:56

are they experiencing quality problems likely to impact in current year.

[the big fella] 01/8/2011 14:30

Judgement - 31 Jul'11 - 20:47 - 770 of 772
Did T1ps update their stance to sell?

Why don't you make your own judgement.

[charo] 01/8/2011 14:04

see my post of 24 th mar.

[topvest] 01/8/2011 11:55

These are getting punished today. Best that can be hoped for this year is return to a small underlying profit in H2. Otherwise could be another profit warning or debt problems. Ambition seems to have got the better of Straight for the time being, so will watch from the sidelines for 6m or so. May be tempted back in at a much lower price once they get things sorted out.

[judgement] 31/7/2011 20:47

Did T1ps update their stance to sell?