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STYL Stylo

3.75
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Stylo LSE:STYL London Ordinary Share GB0008572066 LTD-VTG ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.75 GBX

Stylo (STYL) Latest News

Real-Time news about Stylo (London Stock Exchange): 0 recent articles

Stylo (STYL) Discussions and Chat

Stylo (STYL) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Stylo (STYL) Top Chat Posts

Top Posts
Posted at 14/3/2008 13:05 by niggle
difficult to trade but a few at this price would be profitable.
Posted at 17/7/2006 13:33 by shims
any idea why price edging up, on hardly any volume ?
Posted at 26/4/2006 08:49 by charmer1_23
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.

newsdesk@afxnews.com
fjb/vjt

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Posted at 01/2/2006 11:44 by linhur
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).

Niggle
Any views other than "awful" on shoe trading in the UK??

kind regards
Linhur
Posted at 09/8/2005 09:17 by darwar
Am looking at STYL
Can some one kindly post latest update on co
Facts and figures etc
Many Thx
Posted at 29/5/2005 18:31 by master rsi
Dusseldorf

Below is the news about dividend, still far away......

Dividends
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.
Posted at 28/4/2005 09:08 by master rsi
Another move up on the share price today, almost from the start 62-65p +1.50p
Posted at 27/4/2005 14:37 by master rsi
The shares are bouncing now 62p from lows earlier, and directors are buying shares today ....

DIRECTORS SHAREHOLDINGS
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
Plan.

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.
Posted at 24/3/2005 21:36 by mark c graham
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.
Posted at 25/2/2005 11:20 by niggle
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.............
Stylo share price data is direct from the London Stock Exchange

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