Sutton Harbour Share Discussion Threads

[doodlebug4] 25/10/2012 15:01

Petition was presented to Downing Street on Tuesday and went down like a ton of bricks. Evidently Mr Cameron has passed it on to some junior minister to deal with - what a surprise! I can't think that pumping money into a re-opening of Plymouth City Airport is high on this Government's list of priorities.

[cockneyrebel] 23/10/2012 16:24

MM's happy to take punters' stock - filling a larger buy order imo.

CR

[edwardt] 23/10/2012 10:56

evidently all hotting up then, time for some material news soon i hope.

[doodlebug4] 23/10/2012 10:03

I don't think he had a point edwardt, but he did seem to be stuttering a lot on various threads.

Back to SUH, I did notice that there were suggestions in the Plymouth Herald yesterday for an alternative site for the city airport, which would be good news for SUH.

[edwardt] 23/10/2012 09:25

i am unsure of Sir Leonardo's point- will filter him so i don't have trouble with my blood pressure.

[cockneyrebel] 21/10/2012 11:55

Just been looking at your previous posts on ADVFN Sir Leonardo - that cap lock contol is just so hard to grasp isn't it.

WELL WELL WELL

CR

[doodlebug4] 21/10/2012 10:11

Considering the population of Plymouth is currently 258,800 this hardly seems to be a sentiment that is supported by the majority. Perhaps if the issue of re-opening the airport is going to drag on and on, it might be a better proposition for Sutton Harbour Holdings to sell the lease back to the council - for a large amount of money. I can't see this campaign achieving anything.

[cockneyrebel] 20/10/2012 16:53

Lenkiewicz - was a strange guy - his later paintings often feature young women but the yalso have him in the picture too. I can understand the appeal of the young woman on your wall but not with creepy images of him there too :-)

CR

[doodlebug4] 20/10/2012 16:30

Although this is a news article printed in June this year, as an artist I thought it might appeal to you CR! It's ironic isn't it, the poor bloke could really have done with the money when he was still alive!


Five 'hidden away' Lenkiewicz pieces expected to fetch up to £20,000 each

Tuesday, June 19, 2012

Western Morning News

Five canvases believed to have been painted by the late artist Robert Lenkiewicz as part-payment when he fell behind with his rent are anticipated to sell for up to £20,000 each when they are auctioned this month.

Two of the paintings, which are being sold by property development company Sutton Harbour Holdings, date from the early 1970s, when the hard-up artist undertook a series he called Vagrancy.​

Crying Man (Black Mac) was part of Robert Lenkiewicz's first project on vagrancy, in the early 1970s. It has a guide of £15,000-£20,000

One of them, Crying Man, The Red Shadow, is estimated to fetch between £10,000 and £15,000 when it comes up for sale at Plymouth Auction Rooms on June 27. Its subject is portrayed lying prostrate on rumpled bed-sheets, wearing just a pair of grey socks and waist-high brown Y-fronts.

Sutton Harbour's chief executive, Jason Schofield, said that the paintings had never been displayed prominently in its Plymouth waterfront headquarters, North Quay House.

He said: "Our ownership of these five paintings goes back many years and it has been rumoured that some may have been payment in lieu of rent when Lenkiewicz was a tenant on the Barbican – but that's difficult to verify, given it was so long ago.

"They've been rather hidden away in our offices and frankly rather unappreciated because we've not been able to display the bigger pieces properly, so we thought it better to offer them to people who have the room to appreciate them."

Auctioneer Paul Keen said: "We are delighted to be instructed by Sutton Harbour Group to sell these important paintings. This provenance adds a premium to the art work and we are expecting national and international interest."

[doodlebug4] 18/10/2012 21:03

Just makes you wonder what will happen when some serious buyers get into the action.

This company started going downhill when it tried to expand and then diversified from the areas of the business that were doing really well and got sucked into it's involvement with the airport side of the business. Through no fault of SUH, but due to a rise in airport taxes and the whole saga of the panic over volcanic ash, the company suddenly had to sustain a big loss on their accounts. Thankfully they have at last got rid of this loss-making part of the business. I believe Plymouth City Council has presented a petiton to the Government asking for the city airport to be re-instated. The petiton has been signed by about 37,500 residents and when you consider the population of Plymouth it's hardly worth paying for the ink on the petiton. However, I suppose it's worth 37,500 votes for the incumbent silly councillor - I believe Tudor Evans is his name - who has presented the petiton to Downing Street and who probably doesn't have a business brain and who really doesn't give a toss about what is important for the area - apart from the fact that he hopes he has 37,500 votes at the next by-election and gets re-elected. I can't see Crystal Amber putting up with this silly nonsense now that it has upped it's stake in the company. Onwards and upwards, the chart still looks great.

[cockneyrebel] 18/10/2012 13:41

Looking at today's trades you can sell 20k with ease but buy a few k and the mm's mark up

CR

[cestnous] 16/10/2012 15:48

Joined you here on this latest news.

[doodlebug4] 16/10/2012 14:41

Excellent news, Plymouth City councillors better stop fannying around and hang onto their hats!

[cockneyrebel] 16/10/2012 14:18

Must have an exit strategy too imo.

CR

[cockneyrebel] 16/10/2012 14:16

Crystal Amber stake goes over 27% -= these are spare privce enhancers - they will be on the co's case to get these shares up to what they are worth imo.

CR

[edwardt] 16/10/2012 14:05

apologies - i meant to say £6m = taken from crs final results

During the 2000s, the company expanded into air transport, acquiring a long lease for Plymouth City Airport and operating airline routes through a new subsidiary, Air Southwest. The airline turned loss-making and was sold in 2010. In 2011 Plymouth City Council agreed to the closure of the airport. The company is now examining with the Council the options for the 104 acre airport estate, valued at GBP6m on the books. These include retail and residential use.

[doodlebug4] 16/10/2012 13:16

edwardt, I don't know if this answers your question, but the company has refused to say how much the land is worth! They have a 150 year lease on the land and the council owns the freehold.- Part of an article in Plymouth Herald dated 7th September 2012;



MP calls on Sutton Harbour to name its price for the airport site

Plymouth Herald

AIRPORT operator Sutton Harbour Holdings has been attacked for refusing to reveal how much its Roborough site is worth.

The company, which closed down the airport last December, has rejected an appeal for the information by Plymouth Sutton and Devonport MP Oliver Colvile.

Mr Colvile wrote to Sutton Harbour last month asking for the figures.

He said that he received a reply yesterday from chief executive Jason Schofield, saying the information was "commercially sensitive" and could not be released.

"That is not a satisfactory answer," Mr Colvile said.

"People wanting to make a bid to run the airport need that information to write their business plan."

Mr Colvile said he would now be writing to council leader Tudor Evans, asking him to instruct officers to carry out valuations of the land for use as an airport and for development, as proposed by Sutton Harbour Holdings.

Sutton Harbour holds a 150-year lease on the land. The council owns the freehold.

In his letter to Mr Colvile, Sutton Harbour chief executive Jason Schofield wrote that "information of this nature is commercially sensitive and I am therefore unable to comment at this time".


A spokesman for Sutton Harbour Holdings said: "We would assume that any parties with a serious interest in the airport would engage independent expert advice about the value of the land.

[cockneyrebel] 16/10/2012 10:58

Picked up a few more this am - sub 29p.

CR