Straight Plc Share Discussion Threads

[charo] 08/6/2012 09:25

where are the accounts,can they still hold general meeting on 29th.

[charo] 01/6/2012 10:37

the 29th june is the latest date the company can delay,failure to hold on this date would lead to suspension.the annual accounte should be with shareholders 21 clear working days before if the notice of meeting and resolutions are included.surely straight does not allow the required notice.

[charo] 30/5/2012 16:51

probably why not yet issued awaiting facility letter.technically insolvent deficit of current assets 3 million plus.creditors must be squealing.

[topvest] 30/5/2012 08:48

Hmmm results awful and dividend chopped. Be interesting to see what the audited accounts say about the refinancing.

[charo] 25/5/2012 08:27

moment of truth approaches.

[knigel] 27/3/2012 19:30

The markets tend to look forward so even if the results are poor the share price may still go higher if forecasts are upgraded for the current year?

[topvest] 27/3/2012 18:07

charo - yes, I've bought Coral as well. Will look at buying Straight again, but not until the results emerge. I may be a tad of a cynic, but the results have been delayed by 2m or so. Good time to announce lots of good news, get a placing away...before the rubbish results come out?

[knigel] 27/3/2012 08:13

RNS today...every little helps!

[gelp] 23/3/2012 08:02

charo:
Tend to agree with your optimism. if there were any material problem one would have expected some drip feed and balance the optimism shown.
The turnover is pretty substantial and there is a spread of dependence home and abroad.
Any profit dip can be managed out - as did with retail not so long ago.
Tightly held - does not take much to move so makes very interesting given history.
Not long to wait. Any really good news would attract other than the plethoria very small traders evident last few days.
I still say may be attractive to predators given all normal considerations at such a depressed level and attractive business space..

[charo] 22/3/2012 09:10

inconceivable that co does not know the result for year to 31dec so have to believe they are not materially below market expectation otherwise company needs to state or am i being optimistic.notwithstanding previous trading statement which simply said wont meet headline number.

[charo] 22/3/2012 08:18

see coral products web site for a sober and realistic announcement of their ypo acceptance no hype just reality.

[charo] 21/3/2012 09:57

none of the 40million was for real contracts only the ability to tender for possible contracts for supply in markets with a potential value over a number of years.
js is a salesman and excellent mouthpiece and the corporaye landscape is littered with them always to the cost of the shareholder.the reality is the results have been pulled at the last minute and that is never repeat never something any fd will sanction without very good reason.the advisors are on the line here.

[gelp] 21/3/2012 09:26

Johnathan Straight was on radio last night talking about business did not hear all of it. Sounded a very 'Straight Talker'

[knigel] 20/3/2012 16:34

From LSE board " last 2 mths 40ml in contracts and 5 mill mcap "
I suppose the increase in the share price today speaks for itself?

[charo] 20/3/2012 14:13

can we read this as whilst not expecting to meet headline operating expectations,see trading statement,they will not be substantially below.or will a further profit warning be forthcoming.over to you mr mellor.

[lewis winthorpe] 20/3/2012 14:13

Acc doing well also, check it out, similar chart and recovery story.

L.

[sg31] 20/3/2012 09:57

Charo, change the record.

[charo] 20/3/2012 09:53

another bs announcement,why is a non contract for no money an announceable event.severn is only around 1% of annual turnover.the major announcement is the delay one week before the previously announced date of prelims.good news is generally early bad news delayed.js hoping first half will improve as obviously horrendous 2011.

[gelp] 20/3/2012 09:00

Parvez:
Yes but Not Always:
There is no evidence of any warning in the last 2 announcements. There has been opportunity to do so. On the contrary. There is a drought and STT is well poised to gain from that. The rubbish and green demands just gets bigger and bigger.The news flow looks good. Tightly held so does not take much to move it.
There may or may not be be some corporate activity. Surely must be on the radar of others at theses prices and prospects. Though to date STT is(shrewd)buyer rather than seller.
Have been in and out over time.
I picked a few more up.
Good luck!

[parvez] 20/3/2012 08:33

is it not normal that a delay in results means bad news? At least that is my experience from the past so wonder why these are up today?

[knigel] 03/3/2012 09:29

Topvest, agree as share price raise was on low volume. I made a small purchase at 29p but don't see the point in selling (or adding) until the results.

[topvest] 03/3/2012 08:37

Seems to be picking up strongly. A bit dangerous to buy ahead of the results imo, but will keep watching. May get back in at some point.

[pugugly] 02/3/2012 15:14

CHARO:> A very belated I agree withyou as sold out of STT some years ago - All a framework agreement means to me is that the product will be listed and I suspect sTT will pay YPO a consideration for units sold - OK It makes th eproduct availalbe but offtake will have to be Local Authrity etc driven - No guarantees - I have seen estimated revenue figures disolve far too often to give them much credence.

Good luck with coral - I looked at it some years ago but was worried (correctly as it turned out) with their dependence on one line which was rendered obsolete by a change in product delivery techniques.

[charo] 17/1/2012 17:11

ken,
it did and as i said meaningless puff.

[kenatbabken] 17/1/2012 16:44

Contract with the YPO

Straight plc, the environmental products and services group and the UK's leading manufacturer and supplier of waste and recycling container solutions, has secured a postion on a four year framework agreement for its Steelybin range with YPO, a public sector buying organization. The framework is estimated to be worth GBP8m between the two contractors selected and is intended to facilitate significant cost savings for local authorities and the wider public sector.

The framework makes the Steelybin range available to the YPO's customer base for the first time. YPO customers include local authorities, schools, colleges and universities as well as all major local government departments. Framework agreements offer a fully compliant route to market allowing customers to buy goods without going through the full procurement process required through the Official Journal of the European Union.

What part of it don,t you understand

The contract is with YPO to join their Framework agreement, the sales will
come when the Local Authorities use the YPO website to purchase the bins
from when they require them,It does not state it is a contract for X amount
of bins that is why it is a NONREG RNS