Straight Plc Share Discussion Threads

[molatovkid] 03/6/2013 06:06

Financing sorted then! "expand working capital facilities to fund future growth."

That's what I like to hear!

With financing worries sorted then it should be upwards and onwards!

[phoenix1234] 31/5/2013 17:26

The magnificently moustached one to deliver a recovery? http://www.shareprophets.com/analysis/525/straight-plc-the-magnificently-moustached-one-to-deliver-a-recovery

[charo] 30/5/2013 17:15

gentlemen the discussion is really pointless as we will know the reality within the next 4 weeks.i dont expect a return to profit,or results would be public, but who knows other than the board.

[molatovkid] 30/5/2013 13:19

* 'Bleeding cash' - but yet paid debt down at the interims
Company says it is operating profitably - last Trading statement 2012
Winning new contracts(Dumfries and Serco - Feb this year)

27/9/2012 - Interims

Outlook:
'With significant operating costs removed from the manufacturing operation, the Group is now in an excellent position to drive improved profitability and generate cash.'


Seems like a lot of this gets over-looked when being critical of the company. Reading the back news it seems to me the company has had its problems but things look like they are improving. It might not be quick but this could do well in the longer term.

[gelp] 30/5/2013 13:07

Charo. Using latest, historic interims as yard stick for current cash position is surely misleading. You are well aware of the sensible renegotiating of the Tyco deal cost,in order to ensure vendor finance over 5 years, not bank, and at a rate of repayment which is sensible as well. Note the equity has not been diluted, so shareholder valued preserved when at low levels and that will stand in good stead going forward for you (if a shareholder) and me and those others who do hold shares. All this and more SINCE the 'latest' interim's. Funding with equity only works if the share price is at sensible levels - not when at lowest level!

[charo] 30/5/2013 12:09

investors champion which is paid by companies to do research notes and then email to investors has just issued their commentary and they suggest a possible sales value of around 1.8 million a year could be straights share.6% of revenue.and remember this is not new revenue so hardly material and this is paid for research.

[energeticbacker] 30/5/2013 11:39

"Significant contract win timely reminder of potential"
New commentary at http://www.investorschampion.com/research/company/straight/

[charo] 30/5/2013 11:10

gelp 90 % of pulic companies report within 3 months and again only those who have problems delay.
Again there is no contract for any amount 30 or 60 million but a possibility that over 4 years that might be the levels of business that might be put out to tender.
It is totally misleading to use the term contract.
As for fundraising this is a distinct possibility as company is bleeding cash and has a shortfall of around 5 million to meet its current liabilities,see latest interims.

[topvest] 30/5/2013 10:44

You must have a fairly backward local authority then as the majority had them years ago! If you don't believe me then look at Coral Products and how quiet they have been on recycling recently. Wheely bin manufacturers are also having a bad time...they last too long!
Don't get me wrong I think Straight is an innovative company. Trouble is they over-stretched badly on the acquisition a few years ago when they should have funded the deal with equity. Too ambitious at a time when the market went into reverse!
Anyway, we need to see the real numbers which will need to be out in June or their shares will be suspended.

[molatovkid] 30/5/2013 10:21

"Local authorities have no spare cash and everyone already has recycling containers and bins!"

Couldnt be more wrong topvest....just received my first ever wheely-bin last week - as did everyone else in a town of over 100,000 people.

[topvest] 30/5/2013 10:14

Yes, it is good news but they are not exactly being transparent with the bad news. If there wasn't any bad news then their results, in all likelihood, would have been issued a long time ago!
The market sector they are in is currently ex-growth or even negative growth. Local authorities have no spare cash and everyone already has recycling containers and bins!

[sg31] 30/5/2013 10:11

"The new contract is estimated to be worth between GBP30 and GBP60m across a total of six suppliers on the framework. It replaces a previous framework agreement for wheeled bins which has now expired."

Not exactly trying to mislead. They explain what it is, what it's worth, how many other companies are involved and that it replaces an existing agreement.
Some posters just like to kick the company.

It is good news. Bad news would have been failure to be on the list of suppliers. It might not be great news but good is a step in the right direction after the last couple of years. Lets see what the accounts show.

[topvest] 30/5/2013 09:28

I fully agree with you Charo - this looks a bit of a misleading RNS to me - helpful to get the share price up, with people that haven't really understood what they have won, but really not worth much at all other than renewing a contract they already had in place. To quote the very large numbers is a tad misleading in my view as it's shared between a number of suppliers and not definite business. It is good news, but what about current or 2012 trading where we have had silence for a very long time.

Overall, it's very poor form to announce this and NO trading update or even indication of when the results are likely. I can see a possible fundraising with the results. Last chance saloon at the moment! No chance of me getting back in before I see some real numbers as Mr Straight is in a corner and I would like to ensure that he has found his way out before considering getting back in.

[billf2003] 30/5/2013 09:11

I've been in and out of this stock over the past few years (last getting out at 42p last year).

I agree with charo that the RNS merely covers the renewal of an existing arrangement to be able to tender for work, and not any new revenue at all. However, to be selected one presumes that YPO has run it's slide rule over STT's accounts and believes that it will still be around over the next few years.

It is concerning to me that the accounts are late and the YPO RNS is the best (only?) news that STT can put out. The lack of news is different to a few years ago when there seemed to be plenty of good news to put out each year.

I await the release of annual results with concerned interest - but pleased that I'm not a holder at the moment. In theory this should be a great British success story - it just hasn't happened yet....

[gelp] 30/5/2013 08:45

Briefly as have day job.your keep refer to previous year , and reference to 3 YPO this is a fourth. I am not confused when I read these announcements. others need not be either. I am sure advice is given before stat notices are made. Note JS is biggest 'punter' of all and with even the very latest Director options above 36 and some even above 100, all are focused on shareholder return and value. As I say DYOR. Is the glass half full or half empty - I say half full!

[charo] 30/5/2013 08:10

see announcement 20mar 2012 re delayed accounts and wonder of wonders 25m ypo contract worded exactly same and including same puff by the same helen wardman.if i was her boss she would be told not to be used by companies to puff their shares.js works on basis there is always another mug punter and i am astonished that no advisor has insisted that such regulatory notices make clear that this is not an announcement about contracts for any monetary amount but only place on a tender list.cenkos should be asked what is going on.

[gelp] 30/5/2013 07:58

With respect Charo the accounts will only be overdue at the end of this month.
Most PLC do not post earlier than required.
There is no doubt in my mind from the statement about the underlying strength of the extra contract and a study of previous announcements relating to the YPO situation is very helpful in understanding this.
Speculation about bank credit line and negotiation is a bit unfair as most operations today endure the pain of bank negotiations, many more often than annually. The fact that business vendors are providing finance, big scale, is indicative of imagination and good sense and confidence. The business is 20 years old and has shown consistent growth , skill and ambition - taking a few knocks on the way.
The country needs more businesses like Straight, and so do investors!
In the past I find the company have always been friendly and receptive to direct investor contact and give Straight answers!

[charo] 30/5/2013 07:36

god what a load of bs.straight are one of a group of suppliers who can tender for possible contracts possibly worth up to 7 million per year and which products they have been able to tender for in past.it is not a contract for supply but to tender and is not new business merely the opportunity to re tender for business previously supplied.typical puff where are the acounts to year end of dec 2012 which again this year are very much overdue in line with normal plc practice.could it be that as bank credit line runs out in june they are once again in intense negotiation to renew,no doubt at expense of further delay to suppliers.

[gelp] 30/5/2013 07:31

PS web site is fantastic - very transparent, customer and investor friendly, and has consistently improved and updated.

[gelp] 30/5/2013 07:29

According to Which yes!
Which magazine, Gardening, out today, pages 32-33, 5 out of 5 top buys are STT!!!!
4 Harcostar and one Be Green.
CLEAN SWEEP!!!
Next page: Best buy - Non standard down pipes!
Very well done – big readership this time of year as well.
Fabulous cost free PR. Shows value for money and quality built in + distribution is good.
Purple11
Note the accounts you quote are exactly one year old – latest due now -
The 3.2 million debt is by no means onerous. A lot is result of earnings enhancing acquisition.
Recently renegotiated 'friendly' terms with vendors, vendor financed over period, for benefit of all parties.
20 year old business, international spread as well.
Avowed intend to return to dividends as soon as...
I have topped up
PS at the recent lows and theses levels surely underpinned by possible industry consolidation and take over prospects - though JS record - buyer not seller!
Come the drought shares will surely rocket!!!
DYOR

[jeanesy2] 30/5/2013 07:14

Wow this is flying, is everything now going to be ok ?

[purple11] 30/5/2013 06:47

not a 7.30am .gl if youre trying it.premarket ask 33 I think.nice news if youre already in.

[moreforus] 30/5/2013 06:45

but can you see infinity in a tea spoon?

[purple11] 30/5/2013 06:41

yep might do gl.not sure if ill have a go or not.


nope..split with 6 suppliers... I cant see nirvana in the bins.cant figure it... im passing.gl

[knigel] 30/5/2013 06:40

still likely to soar today as it is being pumped on lse...