Superglass Share Discussion Threads

[cyberbub] 08/5/2009 11:09

Hectorp, no need to do that, all you do is leave the area in your loft underneath your header tank uninsulated (or much less insulated), it's a simple and well-known way of preventing your tank freezing up, as some heat comes through from below.

[hectorp] 08/5/2009 08:15

Yes Darling's boost in home heat-saving spending will benefit the company , absolutely certain to.
Prospects here for 2010 earnings for example are massive.
There is talk of making deep loft insulation compulsory, certainly I've heard this on Radio.

( I'd refuse as I already have some and I don't want the very efficient deeper fill to make my loft much colder- thus freezing my header and water tank piping in winter. You'd end up sticking a small heater up there then! We need a little heat from the house to rise.

[doubleorquits] 07/5/2009 20:53

Spot on CR. Cheap enough without a tip - but if it gets one can't expect to be in below 45-50p IMO.

It moved pretty sharpish to here from 23p - reckon if they are holding divi at anything from 3p - 3.4p my ready reckoner says these are still too cheap for now at 60p (yield still 5% or more).

[cockneyrebel] 07/5/2009 20:46

There's no way a broker is sat on 5m shares lol.

They might have an instruction to sell from the previous seller who may still want to sell the last knocks. But if that was the case why would the shares be rising on a few small buys? While the last lot were being sold the shares drifted in the face of any buys until that lot got taken a week or two ago. Since then the price has risen strongly, which suggests the mm's don't have a major seller to turn to for stock imo

As for SCSW - well yep, they might not tip SCSW ordo a follow up. But anything from them that triggers buying is bunce imo.

What's more, Brewin's note of the 28th of April (the day of the results) is still forecasting 3.4p eps as suggested by the Scottish Herald so the yield is still 10% nearly. And why is the divi being maintained? :



"Mr Darling said the easiest way to cut emissions is through improving energy efficiency and announced £375 million of extra support to deliver energy efficiency measures in homes, businesses and public buildings.

That and the fact that construction is picking up. I bet SCSW doesn't miss this fact if they do cover the stock but even if they don't, it's still going to happen and boost SPGH's sales a treat imo.

CR

[hectorp] 07/5/2009 17:08

I suggest you both get up off the floor!
- for SOME reason the share is rising so what does that tell us?

[cufes2] 07/5/2009 15:37

OK so a broker takes on hundreds of thousands of pounds worth of a construction related share and the share price more than doubles in a recession . . . ROTFLMBO . . . Do you see what I did there?

[dalesiders] 07/5/2009 15:27

It's 9% of the issued;- so just by happenstance there were at least three institutions just gagging for construction - related shares in the middle of a recession. ROTFLMBO

[cufes2] 07/5/2009 15:06

You only have to notify above 3% so it could be more than one institution . . .

[dalesiders] 07/5/2009 14:51

So who took them? Where is the RNS? Todays's volume is 56,000 shares. At that rate it would have taken years for the market to absorb the dump. They had to be taken by an institution, a broker or a MM. If the former there has to be a notification. But not if the latter. So what does logic tell you?

[cufes2] 07/5/2009 13:52

Sorry, I just can't see the broker taking on that much stock . . . I'm happy to be proved wrong though . . .

[dalesiders] 07/5/2009 13:44

Because the stock overhang is in the hands of the company broker. He is not going to dump it on the market. He's going to walk the price up and drip it out.
This is possibly all to the good. The only problem is when someone tries to drop 250k on the market. It won't get filled.

Hec - you've been around long enough to have seen this all before!

[cufes2] 07/5/2009 13:35

IF there is a stock overhang why is the share price going up? It doesn't make sense IMHO . . .

[nickcduk] 07/5/2009 13:35

Would doubt very much broker is sitting on 5 million shares. Would never take on board that kind of risk. They have probably been placed with several institutions who are below 3% and so don't have to declare their holdings. Don't think there is any great conspiracy theory.

[hectorp] 07/5/2009 13:26

So it is very probable that the Broker is sitting on the extra 5 mill or so shares.
I tried to sell 30% of mine yesterday, even at 32p limit 0.5p above the wide sell point, they wouldn't fill it
( for which today I can see I am quite relieved) .

[patersdw] 07/5/2009 13:19

Ah, yes, see the point you're making and FWIW I absolutely agree - I posted a little while ago a postulation (!) that the MMs may be accummulating for their own book and that if that were the case, we could expect them to be reluctant to release them back into the market until a "fair" price had been achieved, whatever "fair" means. Short term "fair" to me would be around 5xEBITA. I'm expecting EDITA of ca 15p this year, giving TP of 75p.

[dalesiders] 07/5/2009 13:07

patersdw

You misunderstand;- the RNS's state that Tilney/Deutche have disposed of at least 10.6% of their 13.6% notifiable holding.

The only major holders who have declared an increase in their notifiable holdings are, I believe Schroders and BlackRock, who have acquired 2.7m during the dump.

If we presume that Tilney/Deutche have dumped all 7.9 m shares that leaves 5.2m unaccounted for.

I think it stretches credulity to believe that in the middle of a recession these shares (in an out of favour sector) have been taken on board by PI's. Brewin Dolphin, as company broker must have these up their jumper.

[patersdw] 07/5/2009 12:04

Deutche Bank has been cleared out - refer recent RNS's.

[dalesiders] 07/5/2009 09:36

This is a good long term bet;- 60% closely held. However I do not believe that Tilney/Deutche 8m holding has yet been worked through. This represented 13.6% of the issued. So far the only declarations I can see have been Schroder - 1.0m on 24/12 and BlackRock - 1.7m on 30/4.

This leaves 9% of the issued unaccounted for, presumably held by Brewin Dolphin, who, I suspect will take any price they are offered over 25p.

So essentially there are two markets, but the PI will only be able to buy in one of them. I suspect that this has been ramped over the past month and there will be a cheaper buying opportunity.

[nilip] 07/5/2009 09:18

Shaggies,

Agree, SPGH is indeed highly undervalued with very significant recovery upside which I think we'll see materialise very nicely from here as money returns back into the market in search of over sold bargains like SPGH.

(we don't need a tip sheet to tell us this is a bargain buy)

[shaggies_view] 07/5/2009 07:12

Didn't buy in the teens on the basis of a future SCSW blog.....this co. is significantly undervalued and deserves a re-rating.....with or without SCSW!

[cambium] 06/5/2009 23:27

more than once!!

[blueliner] 06/5/2009 20:36

Some expectation building up here re SCSW

they have been known to disappoint.

[hectorp] 06/5/2009 16:20

Yes Black Rock acquiring a good sign and bit of a boost of confidence for me.