Superglass Share Discussion Threads

[jackbal] 18/12/2015 11:10

I purchased a small amount today. Purely on basis that I think lack of liquidity will lead to spikes in price. Market cap on this site is misleading (closer to 7 million than 2 million) so not sure about the fundamentals but I do feel there is short term upside here. Good luck all whatever your objective with this.

[tromso1] 18/12/2015 09:53

A significant percentage of the shares will be in sticky hands which means less free float and any buying likely to drive the price up pretty quickly.

Gylenhammar has 38% and Miton after adding now has 12%. So that's 50% in long termers. Ennismore was adding in November so they're likely to be longer termers as well. That's another 11% so 61% in total taken up and not likely to be sold short term.

[cyberbub] 18/12/2015 09:43

PS the new management also seem pretty focused... always a good sign...

[cyberbub] 18/12/2015 09:40

I have finally come on board with a small stake here. Am not quite sure about the figures, but they seem to have put the worst behind them, and the big push on construction (and price rises planned for next year) seems likely to help. I am encouraged that Gyllenhammer have so many shares, and that I have essentially bought in at the same price as them... They will not be looking to make a loss on their investment :-) They have so many shares in such an illiquid company that really I expect their only viable exit plan will be to encourage a sale to a bigger fish when the company returns to consistent profitability... maybe in 2017 or early 2018? What price - maybe 20p?Just wish I had had the bottle to buy at 3p when I was looking at it... LOLGLA NAI

[tromso1] 17/12/2015 22:11

The 2nd RNS today was Andrew Lapping selling his holding. So it looks like Miton Group were happy to snap that stock up and that particular selling pressure is now gone. Gervais Williams (Miton) is pretty shrewd in the small cap arena so good to see him on board.

The steep falls in 2014 have been replaced by a sideways move for the past year or so. If the price can break above this sideways range then the stock might start getting some more attention.

[miavoce] 17/12/2015 22:09

The cost reductions and the switch to construction oriented products, combined with the government's £4bn boost to housebuilding, should see good top and bottom line growth over the next few years. No reason why profits can't grow to £4m+ in 2-3 year timeframe which will push the price over 30p (IMO).

[baner] 17/12/2015 22:03

excellent management in place now, should make at least 2p/share in couple of years, strong owners backing company´s BOD, strong market, debt free with net cash - no doubt potential to go to 20p medium term.

[tromso1] 17/12/2015 15:09

Looks to be a good potential recovery prospect.

From the finals: "As a result, the Group is in a stronger position to make real progress in the months ahead than has been the case for many years."

The share price has been hammered in the past few years, but further signs of recovery and it could start trending up again.

Director buying and Miton adding show that some have faith in the turnaround.

[tromso1] 17/12/2015 14:53

Miton Group has been adding.



A nice flat base and serious chart upside if it can break above this.

[jackbal] 26/11/2015 10:56

In fact please ignore last post. At a glance I thought the market cap was 1.3 million (as per ADVFN screen) but after reading about the rights issue I can see that's wrong and market cap is over 6 million. Thought I would mention it, sure you all aware anyway.

[jackbal] 26/11/2015 10:28

thinking if buying a few of these. Does anyone know why PG wasn't obliged to bid for the company ?

[miavoce] 25/11/2015 16:07

....and Peter Gyllenhammar AB currently holding 38.32% of the equity and fully supportive of the board, Ennismore increasing, directors buying in decent quantity considering liquidity (try buying any sort of quantity in the market - not easy !!!).....

[miavoce] 25/11/2015 16:03

Government investing billions in housebuilding...SPGH refocused on construction products and have reduced their costs significantly....could be a great turnaround story on this one....

[cyberbub] 25/11/2015 15:56

Hmm. I was thinking of buying some but it's so illiquid that you can't get any size. Up 50% now on just £25k traded (0.4% of shares).

[cyberbub] 23/11/2015 15:44

On the surface it seems a good buy. I was concerned about their recent statement that they would need very substantial funding for a new furnace in a couple of years time - does that not imply a likely large placing, or else massive ramping up of debt levels?

[meijiman] 23/11/2015 09:12

cold weather might be helping as well.

[baner] 23/11/2015 08:40

most encouraging to see the directors putting own money at risk here. not much of a risk though, given no debt and a potentially strong positive cash flow. this may well be one of the best bets there is in the small cap market today.

[cyberbub] 17/9/2015 15:51

Has the market cap here really just dropped £400k on a £30 trade??

[meijiman] 26/8/2015 16:02

Excellent advice. Heh these are even cheaper today -must be an even better buying opportunity.

[whites123] 18/8/2015 16:26

Buyer wants shares.

NMS has increased and sales of 200,000 can be made online at a premium to quoted price. (Correct 17th and 18th via TDW)

Buys are restricted to just 25,000 at sub quoted price (Expected as spread is circa 20%)

Very good discussion above.

Cant stop though as meeting beckons.

BUY. (Because those that matter want to) :-)

[daz] 07/8/2015 12:39

Fair point Cyberbub, it could turn out that way, given that most of the restructuring has already taken place but for that to happen, some major shareholders are going to have to support it.
It depends on your view but fund raisings at a premium tend to be the exception rather than the rule.

[cyberbub] 07/8/2015 12:35

Why Daz? Raising say £1M at 4p would be an extra 25M shares. OK it's not great, but not disastrous if it mean the company survives through to significant cash generation? Of course it is entirely possible that money could be raised at a premium as well, if people were convinced of the medium/long term prospects. Just look at NLG 3 months ago, who raised a convertible bond at *ten times* their extant share price....NAI

[daz] 07/8/2015 12:18

Do you have any reservations about the cash position whites?

The interims showed cash of just over 4m but with borrowings of 3m, that leaves net cash of just 1m. From the trading statement today, the company will have been loss making, the RNS conveniently neglects to state how much of a loss but even assuming it is much less than the 2.8m loss in the first half and is say in the region of 0.5 - 1m that leaves little cash left. In addition to this, there has also been a major but unquantified amount of capital investment in June and July and they also say a number of capital projects have been deferred into the next financial year.

While the board say the company continues to trade with adequate cash headroom, from the above I can't see how there is a sufficient cash cushion to fund further capital investment and the possibility of further losses in H1 of next year. While the company may be able to take on further borrowings, it does look far from a safe position.

Clearly, if the company can continue to trade through to a cash generation position, then there is massive upside from the current share price but the company does look like it would be in a better position with a further cash raising and if that were to be done it would almost certainly be very dilutive.

[whites123] 07/8/2015 11:31

This is far from negative.
Its a direction which is showing signs of paying off.
The company is also well funded, and with new products a grip on expenditure and a likely (Lets not put ant reliance on it though) government policy that works leads to the closing statement.

The Board is increasingly optimistic that the combination of growing construction markets, the introduction of new higher value products, production efficiencies and tighter overall capacity supports a more positive outlook for price and margin improvement over the coming year.

The share price has been walked down in a manner which I suggest is overdone and thus any buying at all will have a positive effect.

This morning the nms was 1,000 shares.
Right at this moment the max buy is 10,000 whereas the maximum sell is 100,000 (online).
Suggesting there is limited buying pressure.

Clearly not one to stick your life savings in, but certainly a few k wouldn't go amiss as a recovery stock.