Superglass Share Discussion Threads

[dnfa1975] 30/12/2010 21:14

yeah 60p bid would be fine

[philjeans] 30/12/2010 12:01

Someone's accumulating stock - some nice BUYS in recent days.

Must be doing better now with all the cold weather, despite the housing downturn.

Certainly looks vulnerable to a bid down here.

Just opened another LONG.

[dnfa1975] 30/12/2010 11:38

looks like a bid is coming

[topvest] 15/12/2010 07:42

On a 2 year view this should do well and recover. The business has a strong business position. Undoubtedly things are tough at the moment, but they seem to have sufficient cash flow to get them through this difficult phase.

[envirovision] 14/12/2010 18:47

looking up topvest, what are your thoughts?

[topvest] 24/11/2010 13:27

Well results out - probably bought a little early, but now should be about close to the low, assuming a recovery from the fire etc. in H2 and an increase in insulation activity. Looks like H1 results would have breached covenants, so it's good news they have this covered-off. Undeniably good value for when recovery kicks in, but always difficult to find the bottom!

[theoldcodger] 29/10/2010 17:34

topvest

My sentiments exactly, I've also dabbled too recently, although I'm waiting to buy more. I just feel that the shares might drift down a tad more before the results are announced on 24 November, so will hold fire for now to see what happens. It looks like you bought at a good price though.

Good luck
TOC

[topvest] 29/10/2010 16:30

Well I'm back in. The "insulation push" should help Superglass once the remedial work has been done over the christmas. Not without risk given the debt repayment schedule, but should be able to make it through given they have managed in 2010 with a fire and a 40% reduction in CERT volumes in H2. At the end of the day they are the only manufacturer in Scotland, so there are barriers to entry in their market. There is also the possibility someone may decide to take them out when the price is c1/10th of what it was 3 years ago on flotation.

[napoleon 14th] 15/10/2010 09:12

IMHO this won't progress until next year.
I hold a very few...

[asparks] 21/7/2010 09:24

O/T but an interesting solar energy company which seems to be breaking out: POWERFILM

5-day chart showing bid/offer spread shaded - - - - - - - - - - - - - - - and intraday chart



+ 3 month charts -----------------------------------------------------------and 2 year charts

[slogsweep] 09/7/2010 08:13

Quiet here - wait and see I suppose.

[philjeans] 18/6/2010 15:46

200k went thru this am; noted as a sell - I reckon a BUY.

Someone stake building?

[daz] 15/6/2010 12:44

Perhaps a bid brewing here

[philjeans] 15/6/2010 12:28

Clearly some see value here; I agree.

[topvest] 30/4/2010 21:51

CERT demand is still fairly strong, so interims a tad worrying as they can't afford any further P&L deterioration. Will keep watching.

[blueliner] 30/4/2010 21:08

From UK Analyst
In the half year to 28th February, insulation products firm Superglass (SPGH) suffered a 16.4% fall in revenue to 16.8 million pounds, chiefly due to a temporary funding shortage in the Carbon Emissions Reduction Target (CERT) scheme. Lower CERT demand is also forecast to have an effect on second-half trading. The decline in first half trading was offset by a reduction in interest and energy costs of 1.1 million and 0.7 million pounds respectively. Adjusted pre-tax profit surged by 30.5% to 2.6 million pounds, with adjusted earnings per share rising by 20% to 4.2p. The interim dividend was set at 0.25p per share, compared to 1p in 2009, but the dividend was rebased with the final results in November. Superglass commented that it expected a new government to announce an extension to the CE RT scheme, which would significantly stimulate demand from 2011. With a "buy" stance and 45p target, Brewin Dolphin noted that "new initiatives are already beginning to gain traction and should broaden the base and make Superglass better placed for when markets recover". Superglass shares dipped 3p to 27.5p.

[pugugly] 28/4/2010 13:57

The man must be wearing very rose tinted specs. All subsidies (imo) will have to be cut by whichever psrty/ies form the next Gov. The UK is virtually bust. Forget the acknowledged debt. If you add in the off balance sheet debt the current UK debt is some 400% of GDP.

"Source Lee Robinson Co-founder of Trafalgar Asset Managers"

In addition once the new taxes come into place few will have the funds to afford insulation. Far cheaper to turn down the heating and buy sweaters and some more quilts.

[envirovision] 28/4/2010 08:23

I was not expecting anything great but thats horrific. Anouther one to be struck off my watch list.

Good luck those that actually own the shares, i know they can be pretty illiquid when trying to sell them so all the best.

[nilip] 28/4/2010 08:13

Todays RNS :

Chairmans stmt :

"In the short term, however, we expect CERT demand to remain at these lower levels
which is likely to have a detrimental effect on trading in the second half"


Not something any of us wanted to hear !

Looks like we could see this one continue to drop if this is the case :-((

[envirovision] 22/4/2010 15:08

so who can tell me what the forecasts are for the results or are is there simply no guidance anywhere?

[philjeans] 20/4/2010 12:57

Price firming a little as we approach results.

Looks very undervalued and forgotten down here.

A reasonable punt.

[distortion] 21/3/2010 13:19

Small mention in the Sunday Herald today. John Phelps has added SPGH to his portfolio, 'ahead of the results of a strategic review of the business by new Chief executive Alex McLeod on April 28th'.

Off topic. I recently signed up to www.share-exchange.com a completely free site offering good research documents and market updates. Worth a look, imo. Good luck

[nilip] 24/2/2010 16:42

Indeed, although it says 'to utilise their annual capital gains allowance tax relief'

Of course, he could have sold at a loss to offset against any other capital gain made elsewhere.

Either way, a director sell is a director sell and it ain't a good sign no matter how you try to excuse it.