Stylo Share Discussion Threads

[wizzbizz] 26/4/2005 09:10

deals from earlier coming through now, making it the biggest trading day for the last 6 months for stylo

[wizzbizz] 26/4/2005 08:42

there we go again what price today?

[wizzbizz] 26/4/2005 08:28

the sacry thing is this could fly if it breaks through 70

[typo56] 26/4/2005 08:04

Sour grapes Freddy for getting burnt on these in the past? You've been buying when you should have been selling and selling when you should have been buying.

[ydderf] 26/4/2005 07:15

Crookney, where are you? surely another dog for your kennel here! lol

[mark c graham] 24/3/2005 21:36

niggle,

If the NAV per share is greater than the price per share, then buying back shares will increase the NAV per share of the remaining shares.

Imagine the share price is £1, the NAV per share is £2, and there are £1m shares in issue. The company spends £500k cash buying back 500k shares at £1m per time. The NAV has fallen from £2m to £1.5m but, with just 500k shares left in issue, the NAV per share has risen to £3. If the discount to NAV remains the same, then the share price would rise to £1.50.

[niggle] 16/3/2005 20:25

gap down to 40p from here, hang on to your hats

[niggle] 25/2/2005 11:20

LONDON (AFX) - Stylo PLC said it has agreed in principle to purchase
6,301,531 limited voting shares at 60 pence each on May 3 and 2,424,723 limited
voting shares at 61 pence each on Aug 1 from Trefick Ltd for a total of 5.3 mln
stg in cash.
To make the second of these purchases, Stylo will need to renew its
authority to buy back shares at its AGM this year. It said if it does not get
approval it will seek specific authority from its shareholders for the
purchases to be effected as off market purchases.
Stylo said it will pay cash to Trefick of 3.78 mln stg in May and 1.48 mln
in August.
The buyback is expected to increase the group's net assets per share and its
earnings per share.

Looks like Petchey is stepping out from Stylo. What I do not understand:

1. The share price only rose because he stepped in in the first place so Stylo are effectively paying a premium for their own shares.

2. How does this increase net assets per share?, surely the purchase takes money out of the company so has to be funded from somewhere. If they borrow the money then this increases liabilities thus reducing net assets. If they take from funds then this reduces net assts, so am I missing something???

n

I too stepped out.............

[shirishg] 22/2/2005 09:37

Post removed by ADVFN

[inki] 21/11/2004 22:49

cjw69 This is a family run firm who made every effort with tender offers to obatin complete voting control. They are in no hurry to relinquish control unless they are tempted by something special. Petchey Ritbat and others have tried, somehow I would be surprised to see anyone tempt them away from the control they sought.

[cjw69] 21/9/2004 10:11

it can only be a matter of time before the intrinsic value is taken out of the market for this stock, shame its aim - looks like this will cause me capital gains tax next year.

[niggle] 12/9/2004 21:55

yeah I remember that too lol!

[niggle] 07/9/2004 19:11

reminds me of a Jackie Wilson song!

[squareroo] 23/7/2004 13:05

MR ZIFF??? sounds like a childrens magician.

[niggle] 23/7/2004 12:52

double mmmm?

[niggle] 21/7/2004 09:28

RNS Number:0614B
Stylo PLC
21 July 2004


20 July 2004

Stylo plc ("The Company")

BOARD APPOINTMENT

Stylo plc, the Bradford based shoe retail company announces the appointment of
Mr Edward Max Ziff, as a non-executive director of the Company with immediate
effect.

Mr Edward Ziff, aged 44, is chairman and chief executive of Town Centre
Securities plc, for whom he has worked for 24 years. Mr Ziff has been a member
of the Town Centre Securities board of directors since 1985, becoming Managing
Director in 1993, Chief Executive in February 2001 and following the recent
death of Dr Israel Arnold Ziff OBE, JP was appointed chairman and chief
executive.

The Board welcome Mr Ziff to the Company believing his experience and talent
will contribute substantially to the continuing development of Stylo PLC.

Michael Ziff, commenting on the changes said:

"I am delighted to announce the appointment of Edward Ziff as a non-executive
director of Stylo plc. He brings a wealth of experience to the Board and will
make a substantial contribution to the continuing development of Stylo plc."

For further information, please contact:

Stylo plc
Michael Ziff, Chairman & Chief Executive 01274 616111

Edward is a very shrewd business man, he runs Town Centre Securities, who own a lot of Leeds.

[squareroo] 28/6/2004 13:10

100000 buy gone thru at 50p.day before agm.anyone any news???