Straight Plc Share Discussion Threads

[this_is_me] 25/4/2014 06:43

T5hey should either put up or go away. This is very distracting for management and will not help at all.

[jmf69] 25/4/2014 06:24

It does sound like a deal is close

[jmf69] 25/4/2014 06:07

Deadline extended for another week

[jmf69] 24/4/2014 16:49

Extract from the last extension rns...Following a further request from the Board of Straight, the Panel has consented to an extension of the deadline to 5.00 p.m. on 25 April 2014 by which time One51 must either announce a firm intention to make an offer for the Company or announce that it does not intend to make an offer for the Company. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.... so looks like they can extend if given permission to do so.

[jeanesy2] 24/4/2014 12:12

I think that may well be the case but not sure how many times they are allowed to do it ?

[jmf69] 24/4/2014 10:33

Unless they extend again?

[jeanesy2] 24/4/2014 10:18

Deadline day is tmw. Could be interesting ?

[jmf69] 24/4/2014 08:49

£1 plus... well that's what I want anyway. Otherwise let the recovery continue and dividend payment next year.

[jeanesy2] 24/4/2014 08:42

Surely if this was true then there should be a statement made to the stockmarket. There has been a couple of buys this morning but nothing substantial. I wonder what price they are going to agree on ?

[jmf69] 23/4/2014 12:22

Interesting... looks like they know something we don't??

[jmf69] 22/4/2014 18:02

One51 state in the results that growth through acquisitions will require additional capital which they are exploring

[charo] 22/4/2014 17:16

irish accounting but yes could fund.not withstanding massive shortfall in current assets and gearing,but hey all things are possible.

[gelp] 22/4/2014 16:05

One 51 just announce great results E7mill profit and massive reduction in debt . On a roll - see announcement. Could easily fund this!

[jmf69] 22/4/2014 15:23

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.

[yorkie investor] 22/4/2014 14:53

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.

[jmf69] 22/4/2014 13:46

Will we get a takeover decision this week or another extension?

[jmf69] 22/4/2014 08:50

hxxp://www.yorkshirepost.co.uk/business/business-news/some-straight-talking-has-seen-year-of-transformation-for-firm-1-6568427

[jmf69] 17/4/2014 08:20

hxxp://www.insidermedia.com/insider/yorkshire/113000-

[jmf69] 17/4/2014 08:10

https://bdaily.co.uk/environment/17-04-2014/leeds-straight-plc-reports-increase-in-profit-compared-to-last-years-losses/

[jmf69] 17/4/2014 07:49

Looking at the revenue breakdown by location, they have started to supply Africa now too with 95k in revenue coming from there. Export export export

[gelp] 17/4/2014 07:40

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!

[jmf69] 17/4/2014 07:31

If I weren't fully loaded here already, I'd be buying more with adjusted eps of 5p, I still think it is cheap.

[jeanesy2] 17/4/2014 07:29

All is very quiet here. Only up to a week to go before we find out re one51. Im still not sure what will happen. Company seems on road to recovery so at what price will they do a deal or not ?