Superglass Share Discussion Threads

[spectoacc] 30/4/2009 15:45

And he only held a token 13k shares previously, and he's paid double the recent low. Presumably a closed period prior to results so they couldn't buy in?

[cufes2] 30/4/2009 15:40

Nice to see a Non-exec parting with £34k . . .

[spectoacc] 30/4/2009 15:35

120k director buy today, impressive.

"Superglass Holdings PLC (the 'Company')
30 April 2009
Director/PDMR Shareholding
This notification is made in accordance with Disclosure Rule 3.1.4R(1)(a).
The Company announces today that on 29 April 2009 Crosswater Resources, a
company owned by Tim Ross, Non-executive chairman of the Company, and his wife,
purchased 120,000 ordinary shares of 1 pence each in the Company ('Ordinary
Shares') at a price of 28.5p per share. As a result of this transaction Tim Ross
has a notifiable interest of 133,889 Ordinary Shares representing 0.2% of the
issued share capital of the Company. "

[asparks] 30/4/2009 14:39

interesting article on another green energy company here:

[westcoastrich] 30/4/2009 13:24

a horndog chart

[cockneyrebel] 30/4/2009 13:13

You had a good look at the long term chart here? These are slaughtered.

£2 not that long ago. I suspect the slightest housing recovery and that divi maintained and these are going to multi-bag.

Will be really interesting to see what SCSW say next weekend - bet it gets a main tip again.

CR

[sos100] 30/4/2009 10:54

sorry for the running commentary but were up again!

these charts are not working.

[nilip] 30/4/2009 09:52

Guys,

Was anyone watching L2 when those 2 10k buys went through - both the MM's got taken off the offer @ 31p ?

There was nothing left on the offer for a few seconds until both returned again.

LOL!


These are going to motor nicely from here imo.

I don't feel SPGH has even started to take off properly yet - still only in 2nd gear.

[cyberbub] 30/4/2009 09:18

up we go again

[cyberbub] 30/4/2009 08:12

I am hopefult that we may end up in the 50-60p range in an ideal situation, as this is the level that we seemed to have found a bottom last year, before the markets collapsed. We'll have to see... DYOR

[blueliner] 29/4/2009 19:51

'Superglass is continuing to refine its fibreglass product in an effort to cut costs. It has moved from using a mix of plate glass and recycled bottles to using only recycled glass,. This saves it £250,000 a year as the company benefits from selling on the packaging reclamation notes that reward recycling.'

Always thought I was doing something useful filling those bottle banks up.

[hectorp] 29/4/2009 19:40

40p for me, thank ewe!

[cyberbub] 29/4/2009 16:02

Yes as said before I think these are clearly worth in the 40-50p range short-term. £1 will be harder to break but feasible within 12 months I would say, assuming that their trading and the wider economy stage a modest recovery. The short-term rise is especially likely as the share is tightly held, probably no more than 15% (possibly less) in free float. NAI DYOR

[nickcduk] 29/4/2009 15:48

Agreed. In current market conditions it is trading far too cheap. Recovery is being priced heavily into other housing related stuff and its only a matter of time before SPGH also benefits. I would say at least 40p in the short term was achievable.

[5dally] 29/4/2009 15:22

This is looking very good :-)

[cyberbub] 29/4/2009 14:02

Very encouraging. Perhaps as we move up the spread will narrow a bit.

[nilip] 29/4/2009 13:55

Cheers CuFEs2 :-)


Another 15k buy gone thru PLUS @ 28.75p.

Not sure how long Shore Cap will be able to hold the offer @ 29p.

[cockneyrebel] 29/4/2009 10:53

Great article CuFEs2 - these are going a lot higher imo.

SCSW will have spoken to the company - wait for their update next weekend.

CR

[sos100] 29/4/2009 10:37

level2 still getting stronger.

i reckon this will be well over 30p by next week.

[spectoacc] 29/4/2009 10:26

CuFeS2 - thanks for that link.

This is the move we should have had yesterday, but for the "last" of the overhang getting sold.

[nickcduk] 29/4/2009 10:23

Nice to see a buyer stepping upto the plate on L2. Our large seller was chipping away at 25p but gave up once they realised buyer was keen. Be interesting to see if the buyer starts moving the price up and whether the seller will be patient enough to not hit him. Should see some further upside in short order imo.

[cyberbub] 29/4/2009 10:19

Slogsweep, I am hoping for 40p short term (next few weeks), but see no reason why we should not be back at £1 by the time of full year results next April, assuming that progress continues to be made and that there is a modest wider market recovery. A nice steady 4-bagger and relatively little risk compared to some of the speculatively spiking shares popping up all over the place at the minute, only to fall back. Oh yes, and a decent divi at current prices! DYOR

[cufes2] 29/4/2009 10:18

Superglass in upbeat mood

. . .

One positive for the company, which employs 180 staff, has been the expansion of the government's Carbon Efficiency Reduction Target (CERT), under which utilities have to improve home energy efficiency. The government allocated an additional £1bn of funding to the scheme last year.

Smellie said: "The (CERT) market has certainly picked up significantly and we anticipate in the autumn there is going to be a bit of a step change when more funding becomes available."

Despite the headwinds, strong cash generation enabled Superglass to announce an interim dividend of 1p per share, albeit down from 1.7p last year, and the company's broker is tipping it to match last year's full-year payout of 3.4p a share.

The upbeat tones lifted its shares yesterday by 1.25p or 5.3% to 25p, more than twice the all-time low of 12.25p it reached earlier this month.

Less than two years ago it floated at 180p a share.

The company has faced pressure from high utility costs, a situation exacerbated by fixing its tariffs at the peak of the market last summer.

It is continuing to refine its fibreglass product in an effort to cut costs. It has moved from using a mix of plate glass and recycled bottles to using only recycled glass. This saves it £250,000 a year as the company benefits from selling on the packaging reclamation notes that reward recycling.

The company has sought to reduce elements such as industrial mineral borax, whose price has remained stubbornly high as other commodities have fallen, It is in talks with a Turkish supplier over a cheaper source.

It is also investigating ways of reclaiming borax from the cathode ray tubes of old televisions.

Smellie is optimistic about the crucial new-build sector, noting that builders are beginning to discuss plans for future projects.

He said: "Things are going relatively well. The housing market has flattened us. CERT being slow to start up was a bit of a pain. But new builds are now slowly going to start being built."

Over the last six months it has cut its borrowings by £1.1m to £23m and the company said it is comfortably within banking covenants.

[slogsweep] 29/4/2009 09:37

MartinCC

Thanks, not on list, or even close but interesting that non director individuals have such a large proportion I wonder if any work for the brokers?

Still think they will go higher just a question of how far, would get nervous if rise too quick, 2p a week would be fine. Takeover barely mentioned but with some really big Euro zone competitors a take out at 20M would be peanuts. Hope it doesn't happen, at least at such a low price since I have hopes of £1+ in 1-2 years

[martincc] 29/4/2009 08:59

slogsweep,

Shares in issue: 57.9m ip Ordinary Shares in Issue, as at Last Close.
MAJOR SHAREHOLDERS INFORMATION
Shareholder Name - Amount % Holding (* Executive/Director)
Black Rock Inc 5,575,942 9.62%
John Smellie* 5,080,240 8.77%
Montanaro Fund Mgrs Ltd 4,300,513 7.42%
Schroder Investment Management Limited 3,332,935 5.75%
Deutsche Bank AG 3,174,372 5.48%
Brewin Dolphin Ltd 2,452,142 4.23%
Robert Paterson 2,437,574 4.21%
David Cairns 2,437,574 4.21%
Mike Beard 2,437,574 4.21%
Bruce Mayer 2,437,574 4.21%
Anthony Kirkbright* 2,437,574 4.21%
Aviva 2,153,784 3.72%
Ennismore Fund Mgmt 2,034,318 3.51%
Universities Superannuation Scheme Limited 1,916,111 3.31%
Henderson Global Investors Ltd 1,788,574 3.09%
Legal & General 1,751,808 3.02%



Director Shareholdings
Director Name Amount % Holding
David James Shearer 27,777 0.05%
Timothy Stuart Ross 13,889 0.02%

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