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Stylo Share Discussion Threads
Showing 201 to 224 of 225 messages
|RNS 13th February - has spelt it out, SYLO PLC is to go into Administration together with the subsidiaries|
|Does any one know what was the result of the vote of creditors today|
|Cant go down further now !|
|Shares suspended - Deloittes appointed as Administrators.|
|Could still go down further as it is too closely held|
|difficult to trade but a few at this price would be profitable.|
|any idea why price edging up, on hardly any volume ?|
|UK smallcap opening - Stylo up as FY losses offset by property revaluation
LONDON (AFX) - Buyers of Stylo, 13 pence up at 72-1/2, shrugged of news of a
swing to full-year losses, warming to the footwear retailer's significant
progress on addressing the pension fund deficit and a property revaluation.
Stylo said although not included in reported net assets of 37.3 mln stg, a
property valuation at Dec 31 2005 revealed an increase in the value of the
group's property of 27.0 mln vs 18.5 mln in 2005 which, if included, would
increase net assets to 64.3 mln from 65.5 mln.
Adjusting for this increase in valuation, net assets per share, including
the FRS 17 pension liability, would have been 185.9 pence a share vs 151.3.
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The copying, republication or redistribution of AFX News Content, including by
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|This is starting to look interesting.
Net assets after taking into account the pension deficit was 89.7p at June 2005.If the up to date property revaluation is taken into account the net assets jump to 139p.
It appears the strategy is to finance borrowings on the back of the property assets.The property is a good hedge. If long term interest rates continue to be low then property valuations can be increased which supplies security for the borrowings.
Today's statement indicates an effort to stem pension fund deficits by closing the fund to further contributions.I notice Michael Ziff has made his own arrangements at the expense of an increase in salary of £52000 pa!!
There is some downside with continuing trading losses. If they lose another £6mill this year it would knock some 17p off net assets which would leave a valuation about 70p compared with a price of 57p (discount to NAV of 18%).
As a long term shareholder in family Ziff's Town Centre Securities I anm sure they will survive the current crisis in retailing although Stylo may end up as a property company and perhaps merge with TCSC down the track.
It is interesting that Michael Ziff has set up a SASS for his pension, presumably on very good advice, ahead of A day. This is the first time I have seen this done publicly for wealthy people with large pension funds (over £1.5mill).
Any views other than "awful" on shoe trading in the UK??
|Am looking at STYL
Can some one kindly post latest update on co
Facts and figures etc
|Post removed by ADVFN|
|further move up this time on the offer, and 5p spread again meaning all MMs at the same time|
|A 25K buy "T" trade @ 69p late yesterday, has got the shares moving from the start this morning, a very good sign.|
|well well, all the MMs have move up now and the 5p spread once again.|
|and a further move up on the bid and now 65-68p +1p|
|Finally after a few buys lately the MMs decided to move up the bid today|
Below is the news about dividend, still far away......
The directors propose a final dividend for the year ended 29 January 2005 of
1.25 pence per limited voting ordinary share and management share. Subject to
approval, the final dividend will be paid on 29 September 2005 to all
shareholders on the register on 2 September 2005.|
|A 10K buy as a T trade just reported|
|Looks good for the long-term though performance may not be sustained. If the company paid 60p for 6,000,000 shares I would suspect the price will stabalise at around 90p in the medium term at 30% discount to NAV
Does anyone know when the dividend date is?|
|No one else wants to give a hand supporting the stock at this prices with some posting, well it went further up to 64.5p +2.50p
I did a bit of comment yesterday, as the share start bouncing from the earlier fall, at ... SHARES STRONGLY UP/DOWN this week 25/04/05 (Master RSI) (UPS)|
|Another move up on the share price today, almost from the start 62-65p +1.50p|
|The shares are bouncing now 62p from lows earlier, and directors are buying shares today ....
On 27 April 2005 Mr Michael A Ziff increased his shareholding in the company by
50,000 limited voting ordinary shares and Mr John M Weaving increased his
shareholding in the company by 50,000 limited voting ordinary shares on the
vestment of a deferred acquisition rights under the Stylo plc Deferred Share
Mr Ziff's resultant shareholding is 3,139,867 limited voting ordinary shares
representing 7.47 per cent of the issued limited voting ordinary shares.
Mr Weaving's resultant shareholding is 363,721 limited voting ordinary shares
representing 0.86 per cent of the issued limited voting ordinary shares.|
|Trefick dumping because he knows he can't gain much control/influence over this company. This one is good value up to £1.00|
|Oh dear Frauddy, do you really want to be in a stock that is expanding so rapidly? Fine for business to expand but 100 more outlets in 2 years when retail is on it's knees?
Can see these have the potential to get crucified myself.
Nice assets but why has Trefick been dumping, isn't Petchey the top asset man? Must be something he doesn't like.
You don't have a history of getting this one right Frauddy, (nothing new) remember that.