Superglass Share Discussion Threads

[spectoacc] 18/4/2009 12:45

Can't see it really taking off until Deutsche have finished, but a risk not to be in now when results could well be out in the next fortnight or so. Think I'll only add again after a few more block trades imply Deutsche is out.

[alistair4444] 18/4/2009 10:06

Thankyou Gumarabic for that advice , new to this .

[gumarabic] 18/4/2009 09:42

thats a delayed trade from days ago

closed 19p

[alistair4444] 18/4/2009 02:04

Selftrades last market price for SPGH was 12.50p --- thats quite a drop !!!!

[cyberbub] 17/4/2009 23:28

Hmm, I am new to this share. Looks like potentially a good bet once the likely share overhang is cleared. Never fails to amaze me why institutions continue to sell a share when it is clearly at or about at the bottom. I guess often they have rules about market caps that they cannot break.

p/e based on adjusted earnings is only 1.5 at today's close, only 15-20% in public hands, quite a lot of debt but seems to be perfectly serviceable, NAV from last results is about 7p per share, and they are in a robust field.

Can anyone tell me why their last results in Nov 2008 showed a 'blank' in the 'cash and cash equivalents' part of their balance sheet???

And what's the latest on their covenants?

Thanks very much

DYOR

[cyberbub] 17/4/2009 23:02

bummer - as stated this might hold the share price back a bit in the next few days if there are lots of shares around - but hopefully after the results things might be different? DYOR

[lonrho] 17/4/2009 20:16

looks like deutsche bank may have sold about 20% of its remaining stake today.

[slogsweep] 17/4/2009 16:26

Could be being shorted but I think thats a mistake this co is doing very well and may be a TO target. Debt only prob. I can see and that a reflexion of the times not the Coy performance. Looking to add sub 20p.

[alistair4444] 17/4/2009 16:12

Hi, Can Anyone inform me as to whats going on here , theres some hefty deals in the wings please advise ? is the price being shorted ?

[nickcduk] 17/4/2009 16:12

Unfortunately they have still have a huge holding which may suppress the price short term. Be interesting to see who picked up the stake though.

[fudgee2] 17/4/2009 15:29

Hi all, that was my buy of 10,000 at around 12:30 and I see it has come up not as a buy but under the ? trade, does anyone know what this means

Regards

[nilip] 17/4/2009 15:26

LI,

Cheers - That explains it !

Looks like the seller (Deutche Bank) was the reason for the share price being held back for so long - by the response in the share price past couple of days it looks like they've finished and hence we should see a significant recovery/bounce from here on.

[nilip] 17/4/2009 15:16

SpectoAcc - Apologies for spelling your alias incorrectly above (corrected) - not intentional honest - don't know where my mind was at the time - sorry.

[love it] 17/4/2009 15:13

Seller buyer?

[spectoacc] 17/4/2009 14:55

Aye have to agree; not seen the "sell" yet, though was 500k reported late yest. Still mostly decent buys through on Plus.

[nickcduk] 17/4/2009 14:31

Unfortunately it looks as though seller is still around. Not too concerned as it should allow me to pick up a chunky amount following results. Thats when the punters will be piling in.

[sos100] 17/4/2009 13:07

well it's now 17-20p .

all those buys in the 20s and one ut sell back to square one for the day.mm games or still seller about?

[nilip] 17/4/2009 11:59

SpectoAcc,

I can't seem to see that trade ? where are you looking ?


PS. Share price has just ticked up again as I post ...
edit: LOL ! MM's playing games - 21-25p now 20-23.5p

[spectoacc] 17/4/2009 11:43

54k delayed trade at 25p, that's impressive.

[topvest] 17/4/2009 10:03

Looks like this has turned.

[nilip] 17/4/2009 09:04

slogs - think you did well to get any at 21p - played.

Spec - yes loads of buying @ 24p on PLUS.

[spectoacc] 17/4/2009 09:00

Plenty of buys going through at 24; good business for the MMs on this spread though. Hope they get caught short of stock..

[slogsweep] 17/4/2009 08:41

Stock must be very tightly held. Just got another paltry 5K @ 21. Should have bought more when I had the chance at 14. Lost confidence over last year to do anything BOLD.

[nilip] 17/4/2009 08:34

Looks like there plenty of upside here.





It's a long way up from this bottom :-)

Off to the races we go ...