Superglass Share Discussion Threads

[chesty1] 09/8/2012 08:20

Morning all

A few small buyers having a nibble....

If the seller(s) have finished all we need now is buyers.....

Good move yesterday & expect this to turn blue....

Is it dead..Looks like the market is saying NO...At the mo.

[knigel] 08/8/2012 19:57

got 50,000 shares in 4/5 trades today at 6.5p average...just feel something is cooking here as per earlier comments...might add more tomorrow

[chesty1] 08/8/2012 14:36

W&R Barnett Limited has picked up 8% recently & now has 18%....

hhhmmmm interesting...Not topping up as its only a gamble play but could turn around...

[john09] 08/8/2012 14:16

Suspect there is a bid coming by one of those accumulating stock. The trunaround specialist (see RNS) cant recall their name

[chesty1] 08/8/2012 13:02

Ok picked up a couple @7p for a laugh......

[chesty1] 08/8/2012 13:00

OK on the ADVFN leader board what is going on here.....

[masurenguy] 20/7/2012 15:34

Market cap is currently £2.8m.

[john09] 20/7/2012 15:24

Yup. What's the market cap now? About £4m ?!

[topvest] 20/7/2012 10:00

Maybe not...the phrase "turnarounds seldom turn" springs to mind here.

[john09] 10/7/2012 18:21

Hit by SIG TS today... Market cap is £4m now lol ! Worth piling in?

[urashima taroo] 27/6/2012 16:38

Hey Neil, you ok these days?

[napoleon 14th] 27/6/2012 10:11

Will it make it?

[slogsweep] 01/3/2012 11:18

back on the radar. Will it make 30p?

[pugugly] 13/2/2012 13:08

How many weeks is a few ??

[john09] 13/2/2012 11:19

Falling. Weird

[john09] 08/2/2012 12:17

It's not going to go anywhere. Wasting time even monitoring mate.

[masurenguy] 08/2/2012 08:36

It is very quiet here. Circa 50m shares now in issue following last autumns restructuring and refinancing.
No position here - just monitoring !

RNS Number : 5814V
Superglass Holdings PLC
16 January 2012

Interim Management Statement

Superglass Holdings PLC, the UK's leading independent manufacturer of glass mineral fibre insulation products will hold its Annual General Meeting at 10.00am today at which the following statement will be made by Tim Ross, Chairman of Superglass. This comprises the Group's Interim Management Statement for the period from 1 September 2011 to 16 January 2012.

"Trading in the year to date is in line with management expectations. Results in the early part of the financial year were impacted by the uncertainty surrounding the Group's financial position but, following the successful completion of the recapitalisation on 2 December 2011, the Company now has the balance sheet strength to implement its restructuring and strategic development plans. There were encouraging signs of improvement in CERT activity towards the end of the first quarter, and recent, more attractive offers from energy suppliers to stimulate demand are welcome. However, we remain cautious about this market channel and continue to work on broadening our routes to market.

In new build construction our sales have grown significantly in the last two years. Activity in this segment slowed in the first quarter and our aspiration for the year is to consolidate historic gains. Input cost pressures continue with energy costs rising significantly during the period. We will have a clearer picture on trends in sales pricing when we report our interim results.

Early progress on our investment programme is in line with the project brief, with the planning stages already substantially completed. Completion of the full programme is scheduled for March 2013 and will deliver operating cost savings of up to GBP3.6m which will start to impact meaningfully in the 2012/13 financial year. Now that the Company's financial position has been secured, and having served as chairman since IPO in 2007, I intend to step aside as soon as a new chairman has been identified. I anticipate that the Board will be in a position to announce my successor in the next few weeks. "

[nilip] 06/12/2011 08:03

Adjusted EPS of 1.5 pence (2010: 7.0 pence)


Ouch!

[slogsweep] 01/12/2011 08:52

Has anyone got their new shares yet?

[sleepy] 17/11/2011 15:44

Prospectus on website

[sleepy] 17/11/2011 15:24

One of the share info services is showing a trade of over 1.1 million shares at 2.125p. I think this is interesting because even though the trade value is not much over 20k it would only make sense if the buyer intends to take up the open offer so he/she will end up investing closer to £100k

[slogsweep] 17/11/2011 11:21

Its an open offer not a rights issue. Therefore if you don't take up the offer you don't get any benefit even if the new shares trade at a premium. If it had been a rights issue the nil paid rights could be sold or if held to exercise date any market premium to the subscription price would be paid.

70% of the shares are currently held by top ten share holders so the deal will go through as its all been sewn up. It would be nice to know if any directors /major holders will be taking up the offer.

I have tried to find prospectus which should be on web site but there is nothing.

[sleepy] 17/11/2011 07:09

The documentation suggests that the right to buy the open offer shares would trade independently but I cannot find any evidence that this is happening