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Share Name Share Symbol Market Type Share ISIN Share Description
Sutton Harbour Group Plc LSE:SUH London Ordinary Share GB0008659202 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -2.63% 18.50 17.00 20.00 19.00 18.50 19.00 0.00 10:48:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 6.9 1.5 1.7 11.0 21

Sutton Harbour Share Discussion Threads

Showing 176 to 187 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
02/11/2012
16:17
Something more than just a tip here I think. Perhaps Plymouth City Council & the Plymouth Herald have given up their crusade to re-instate the airport. I cannot see how you can justify the expence of sustaining an airport with less than 100 passengers each day.Tough decision, but a good one for SUH to get rid of it.
doodlebug4
02/11/2012
16:08
so glad i took up the share offer at 18p a year ago
johnstonp
02/11/2012
15:34
More to this than just a tip? IC got wind of something perhaps? Motoring today. CR
cockneyrebel
02/11/2012
15:16
Not sure edwardt - but I'm sure these's a lot of hidden value here imo. Motorin today on the highest volume in a year. CR
cockneyrebel
02/11/2012
11:17
can someone explain the 25% profit share on the development profits. As i said before if it is on books at £8m, why not sell to a developer and let them take the risk....
edwardt
02/11/2012
09:25
cestnous, thank you for posting that tip. I wondered what was going on with all these buys this morning.
doodlebug4
02/11/2012
09:07
Have Sic Leotardo filtered. I suggest this would be appropriate action for others to ensure peace of mind.
cestnous
02/11/2012
08:50
SIR LEONARDO: Well done. I can't fault your last post - other than to suggest one exclamation mark is usually enough.
sandbank
02/11/2012
08:47
SIR LEONARDO: I am afraid your socialist state-school comprehensive education is showing. Your sentence should read:- "Sellers will take THEIR profits at 28p". The fact that you don't know the difference between "THERE" and "THEIR" rather undermines your credibility. I don't blame you. I blame your left-wing teachers who were probably barely able to read.
sandbank
02/11/2012
08:23
SHARE TIPS AND UPDATES Sutton Harbour Holdings PLC (uk:SUH) VALUE LOW RISK Bull points Shares trade far below net asset value Fish market performing well New marina planned Impressive real estate portfolio Bear points No dividend More losses on the airport venture Sutton Harbour is an archetypal value play - its shares trade far below book value; and additional value is hidden away Sutton Harbour in Plymouth has a long and chequered history and was once owned by the London & South Western Railway. The railway is long gone (although some of the tracks are still there) and since 1989 the harbour - now with a lock gate - has been owned by Sutton Harbour Holdings (SUH), and the dock has been transformed into a 573-berth boating marina. But it hasn't been plain sailing. In 2000 Sutton Harbour bought the lease on Plymouth City Airport and set up its own regional airline. This flopped and was shut in 2011; meanwhile, Sutton was left nursing a large loss. However, that's water under the bridge and, with a new chief executive at the helm, the company is concentrating on its core business, which includes redeveloping the dockside area, expanding the marina and operating a fish market. The real value has yet to be realised, which is why the share price languishes so far below book value of 43p per share. But there is plenty of development potential and earlier this year a deal was secured to develop a new marina at nearby Millbay. This will cost around £4m, but the funds have been secured though a share placing that raised £5.7m earlier this year, and work is expected to start on the 171-berth facility in time for use next summer. The existing marina in Sutton Harbour is performing well, with occupancy rates of around 90 per cent. This is about right because it is useful to have some availability for passing trade and special events. Moreover, mooring fees are around half the level charged at Southampton. SUTTON HARBOUR (SUH) ORD PRICE: 30p MARKET VALUE: £29m TOUCH: 27-30p 12-MONTH HIGH: 30p LOW: 18p DIVIDEND YIELD: nil PE RATIO: 50 NET ASSET VALUE: 43p NET DEBT: 38% Year to 31 Mar Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p) 2009 29.3 -3.45 -4.86 2.26 2010 39.3 2.52 3.64 1.81 2011 9.64 2.51 4.30 nil 2012 9.90 0.46 0.96 nil 2013* 8.70 0.70 0.60 nil % change -12 – – – Normal market size: 1,000 Market makers: 4 Beta: 0.1 *Arden Partners estimates, profits and earnings per share are not directly comparable When the port was developed into a marina by installing a lock, the fish market was relocated and has developed into the number two fish market in England. Last year it handled 5,400 tonnes of fish, double the amount landed in 2009. Sutton Harbour generates revenue from the facilities that it provides, which includes its own auction house, and it takes a percentage of the value of fish landed. The group also has a property portfolio of buildings around the harbour, where void rates are less than 10 per cent, and two car parks with 426 spaces. Indeed, the total estate portfolio is valued at about £50m. That feeds through to net assets for shareholders of £42m, which compares with a £29m market value of the equity. Even the airline venture has a silver lining. True, after 2010-11's £9m loss, it lost another £1.6m in the latest year. But Sutton Harbour still owns a 142-year lease on the 113 acres of land. Assuming this is redeveloped into the usual mix of housing, commercial buildings and shops, the company benefits from 25 per cent of the development profits, which could be as much as £10m. SHARE TIP SUMMARY: Sutton Harbour has reduced its debt load from £21m to £16m, but its bosses want to cut that burden further before resuming dividend payments. Still, the real value is in the company's property portfolio. Redeveloping the Millbay marina, which has a valuation potential of £6m, and realising profit from the old airport could add £16m to shareholders' funds, making that big discount to net assets even bigger. Buy.
cestnous
02/11/2012
08:18
Tipped in the IC.
loafofbread
02/11/2012
08:15
Why all the buys today? Leaked news? CR
cockneyrebel
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
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