Superglass Share Discussion Threads

[cyberbub] 22/4/2009 16:59

Woo hoo - small tick up at close, but a significant one I feel. Let's see what happens in the next week, touch wood we could be at 50p within a couple of weeks. As I mentioned a few posts ago, 100p might be pushing it a bit, though I would of course be very pleased to see it! Really, we were stable at around 60p before the markets collapsed in September, the share is tightly held with limited stock available, so I don't see why 50-60p should not be achievable, always assuming that there are no unpleasant surprises in the results... DYOR

[nilip] 22/4/2009 15:13

LL,

Spread now just 2p @ 21 - 23p

Don't think 23p will hold for too much longer to be honest IMO.

[cyberbub] 22/4/2009 15:02

Be lucky, Lady... just buy! :-) If it doubles on results next week then you will not be bothered about the spread... DYOR

[asparks] 22/4/2009 11:02

the budget will be good for solar co. ROM .... imo...

[lucky_lady] 22/4/2009 11:00

Looking to buy but the spread is awful.

[westcoastrich] 22/4/2009 08:21

The budget cud be good for SPGH!!!

[alistair4444] 22/4/2009 08:19

Did anyone read that in the budget the government is to spend £300 million on council house insulation ? , partly to help the building sector jobs .

[cyberbub] 21/4/2009 11:35

No they won't need to RNS now. Interesting that the date of the sale was 17th, same as their previous sale, why did they separate the announcements?

I would think they probably still have a million or two to dump, but we can expect this to have been completed this week.

Personally I can't see how it would go up 5-fold in the short term from here with EPS of 11p, that would make a p/e of 10 or so which I just can't see in these markets. Might 5-bag in 12 months perhaps, if things go well for them with CERT. Still that would be nice!

DYOR

[spectoacc] 21/4/2009 10:40

I'd agree with that topvest; and my bullishness is as much based on so many other beaten up minnows having massively multi-bagged. It's perfectly conceivable SPGH goes up 5-fold in the next few months, without any positive news or improvement to trading, including if they ultimately went bust a few yrs down the line..

Edit - and there's Deutsche going below 3%. Not sure they'll have to RNS again now?

[topvest] 21/4/2009 08:18

Cyberbub - not sure that covenants are much of an issue provided trading is maintained at a reasonable level. The company is very cash generative, and debt levels are coming down reasonably swiftly. I looked at this fairly closely before investing. Of course, there is a risk and that is why the share price reduced to where it was I suspect. I invested a small amount here on the basis of a handsome risk / reward ratio; either the company goes bust because of a meltdown in its markets or the share is a multi-bagger (it lost c90% of its value). I think the risk of the former is reasonably low; maybe 1 in 4 say. On that basis I felt it was a reasonably good investment. As always DYOR.

[cyberbub] 20/4/2009 20:44

Looking at the trades today, it's quite difficult to tell which are sells and which are buys given the confused price levels between LSE and PLUS. But seems to me that Deutsche Bank have probably dumped another 500K shares or so today. I think they must be close to the end of their holding now, and will probably be completely sold out by the end of the week IMO. Maybe a day or two of hanging around the 20p mark, and then we will have a good chance of a jump by end of month.

DYOR

[gumarabic] 20/4/2009 20:43

horny looking chart, what a horn!!

[cyberbub] 20/4/2009 20:32

Seriously though, has anyone got any info on their covenants and whether the banks are breathing down their neck or not? Any other obvious pitfalls ahead? Also why their most recent results show a 'blank' in the "cash and equivalents" column? I do hasten to add that I am no expert at reading detailed results! TIA.

[cyberbub] 20/4/2009 17:17

Whowants, you taking the p*ss? Right! Outside! Now! :-)

[whowantstobeamillionaire] 20/4/2009 17:15

Al, any comment ?

pmsl

[cyberbub] 20/4/2009 17:13

Has anyone got any other comments on my queries in post 119? TIA

[hosede] 20/4/2009 16:57

Cyberbub ( and other) institutions often sell because their investors want cash back and they have to sell SOMETHING. Judging by the share price performance the market is absorbing Deutche banks shares quite well - maybe we will see a buying RNS if someone goes over 3% say

[spectoacc] 20/4/2009 16:07

TBH I doubt p/e got the spare cash, and SPGH still a bit small for funds to be researching it. But like you say, a good spike on results (& frankly, if they say anything other than "we're going bust tomorrow" I reckon they're cheap at £13m mkt cap) and they'll start getting to a size where funds can become interested again.

I'd love to see Deutsche have to buy back in! They can have some of mine back at about 80p...

[nickcduk] 20/4/2009 16:00

Still a couple of million shares to go but hopefully they will get chipped away just before results. A decent set of results should then cause a huge spike. In the meantime it will be interesting to see who has been picking up stock. A private equity company floated spgh. Perhaps they will be back sniffing around for a cheap buyback.

[spectoacc] 20/4/2009 15:42

Big test coming here - Deutsche's previous dump point, will this trigger them to get on the phone and offload?

A good close, on the other hand, would be a great sign.

[spectoacc] 20/4/2009 14:05

I think it's because there's been no AT trade through the LSE; the MMs have moved on Plus buys.

Have to say I thought there might be more selling today but is holding up well; also a few more late-reported block trades implying Deutsche may have sold more than thought last wk (though I reckon they've still got a load).

A Delayed 120k at 20p, that could have been buy or sell. Not sure what to make of those big low-down bids either, could be fakes (eg 200k at 16p).

Edit - RNS just out saying D cut to 5.48% on Thurs; can take Fri's sells off that too (presuming it was them). So not done yet, but not many more days like Fri's to sort it.

[cyberbub] 20/4/2009 10:52

Weird, ADVFN is showing a flat price today, but TD Waterhouse are quoting me 19p to sell / 23p to buy? Is this part of the general screwed-up trading platforms we have been seeing this morning?