Sutton Harbour Share Discussion Threads

[playful] 08/12/2011 07:58

Results not too bad, happy to hold for the long term prospects.

[playful] 24/11/2011 08:06

I see value here

[the_boy_plunger] 24/8/2011 12:34

DJ Sutton Harbour Holdings: Investment Property Portfolio Performing Well

LONDON (Dow Jones)--Sutton Harbour Holdings PLC (SUH.LN), the marina firm, Wednesday said the existing investment property portfolio continues to perform well in the current year, adding that it is making good progress towards the objective of refocusing the Group.

MAIN FACTS:

-Group's core marine, rental and car park businesses have continued to trade well throughout the summer season, with the fishmarket maintaining the recent run of high fish landings.

-Following the difficult exit from regional aviation, the Group is currently cash constrained.
However, we have a number of non-core trading assets ready for disposal. These include:

-- East Quays where we have a committee resolution for planning permission for 62 apartments

-- Commercial premises we have developed in Exeter

-- Care Home land near the airport

-- A small residential scheme in Portland

-- Our Investment in Cumbria LIFT

-Has a number of non-core trading assets ready for disposal; These sales, together with the potential opportunities arising from the airport land, will significantly reduce the Company's debt and release funds for future investment.

-To fund new projects, in the short term, the Group needs to balance the disposal of non-core assets for cash now, against the potential for future increases in value.

-Group to build on existing marina operations to become a prominent player in U.K. marina management.

-To extend operations and reputation as a developer of waterfront sites for mixed use.

-To regenerate sites in partnership with other public and private bodies, as market conditions permit, with particular focus on the South West region.

-To continue to drive value from the existing investment property portfolio.

[loafofbread] 24/8/2011 08:21

Local news (Exeter) confirms airport to shut.

[loafofbread] 19/8/2011 08:50

Still going down.

Any truth in the local rumour that Plymouth Council will revoke SUH lease on the airport leaving them with SFA?

[loafofbread] 17/8/2011 20:15

Looks like no market in this.

31p for a bit above NMS. The AGM should prove to be a bit of a bun fight next week.

Any ideas as to what is going on here.

[bingowing] 11/6/2011 16:54

The results will be bad, I have it on good word. Once they are out of the way we may see some reshuffling at the top of the board. The airport is currently costing 1mil a year so getting rid if this will be a good move.

[johnstonp] 07/6/2011 14:44

I would suggest the Times and Sunday Times comment about Crystal Amber was the major factor accompanied by the impending results

[patrick9092] 07/6/2011 10:42

Anyone have any ideas for the great rise today.....results next Wednesday !!!!

[johnstonp] 06/6/2011 15:03

Times Monday 6th June 2011
Business - Need to know
Sutton Harbour Group
"Crystal Amber, the activist investor, is targeting the property company that owns Plymouth fisheries and marina. Crystal, which is SHG's second biggest shareholder with 13.2%, is thought to be frustrated by its profit warnings this year"

[johnstonp] 04/4/2011 11:00

Chrystal Amber Fund bought another 250 thousand and now hold 13.22%

[bisiboy] 05/3/2011 18:21

many many many more
but i dont wish to be a bore
just keep this share as a core
and hope it pays a div once more

[thepinkpanther] 20/1/2011 09:36

no there is many more......they r for sure worth much more.......a poet and did not know it........

[gingerplant] 19/1/2011 16:24

Agree 100% thepinkpanther - trouble is; there's only thee n' me think so it seems! :-)

[thepinkpanther] 19/1/2011 13:38

this appears undervalued by a fair way on tangy assets and potential future profits........at least double to me.....

good luck

[boystown] 23/9/2010 16:45

Sutton gets a mention:



Sutton Harbour Holdings' (LSE: SUH) recent announcement that it has now reached agreement to sell its wholly owned airline subsidiary, Air South West Limited, looks like netting the company a total loss of over £7m. But the move lances a painful boil and possibly paves the way for future profitability for the asset-rich owner of Plymouth Marina, which is currently valued at under £27m.

[arthur_lame_stocks] 20/9/2010 14:54

Well it's not really a price, they gave it a way for free plus a couple of million quid extra, but at least that'll stem the losses going forward.

[loafofbread] 20/9/2010 14:09

Can't work out if this is a good exit price for SUH, although looking at the ongoing loss any price looks good!

[johnstonp] 29/7/2010 09:36

Crystal Amber Fund now hold 11.02%

[johnstonp] 13/7/2010 21:09

Good summary here wirh great asset examination

[johnstonp] 15/6/2010 17:51

Crystal Amber Fund now hold 10.03%