Swallowfield Share Discussion Threads

[taffee] 28/12/2007 11:54

looks very very strong here..........balance sheet looking very good as is trading

[baner] 08/11/2007 18:28

re: ROCCOCO

if you are right in your bullish outlook on Swallowfield - and hopefully you are - then the Swede must be a brilliant investor having bought into this at maybe 55p/share only recently. much, much smarter than some of the other larger shareholders who have been in there for a decade at least and at a steeply higher cost.

on that basis it was probably outright stupid by the other shareholders not to listen to the Swede when it comes to appointing competent directors to the board?! now there is a board with very little interest in the company´s shares and with a really bad relation with the major owners of the company - was that really a good move by the Chairman and her colleagues ?

[roccoco] 08/11/2007 16:10

my informant who went to the meeting said Marshall and the Swede didnt even bother to attend AGM, even though they were putting themselves up for election. Obviously not serious about getting involved with running company . Very upbeat reports from Directors on the future. Lots of high margin contracts coming on stream. Ist half looking steady but lots more mileage in second half and beyond. If the Company achieves £3 million profit in two years time,share price should be about £2.5.

[panther07] 06/11/2007 10:27

I managed to speak to someone close to all of this who was adamant that the right to be on a board should be the person's experience for that position not how many shares they own so this doesn't have anything to do with the size of their holding. If you look at what Marshal and Gyllenhammar have done in other companies they are involved with, I can't see why we wouldn't want them on the board – they definitely have access to funding and have been involved with lots of fast growing businesses. They are clearly both wealthy men and I can't believe they are doing this for any reason other than they think they are going to help Swallowfield get bigger and better more quickly and therefore make us all richer in the process. Given that they have said they are supportive of the management, what have we got to lose? For every penny the share price goes up, we will all benefit and these guys are only involved for one reason from what I can see. When I asked about why Gyllenhammar had turned down the seat on the board he said that Gyllenhammar wanted Marshal to have a seat on the board too and Swallowfield only offered one place but they believe that having two independent neds with their combined experience will make such a big difference that was worth fighting for. I haven't been an investor for that long but I do think that some new blood would be good to give this company a bit umpf.

[roccoco] 05/11/2007 08:59

According to the company circular, PG was offered a seat on the Board but declined it. Is he coming or going? Does he even know himself? I hope he can explain himself at the agm.My concermn is DM who is not even the second largest shareholder, why should he think he has a right to a Bord seat? Do all large shaeholders expect a seat? this would be ridiculous. The Board should be about running the company, not an opportunity for large shareholders to demand their own pet issues.

[arthur_lame_stocks] 04/11/2007 18:59

I thought Peter Gyllenhammar lived in England, althouhh he is Swedish. At the end of the day, he's the largest shareholder by some way and he's entitled to representation on the board.

[roccoco] 04/11/2007 17:01

Topvest.
Did I read that Western Selection , led by 'Top Quality' Mr Marshall have accumulated losses of £2.5 million? What are the chances of these two directors committing to the Company by attending ALL board meetings (12 per annum)?. I understand that one lives in S Africa and the other in Sweden. If they dont attend the AGM when their nominations are voted on, one must assume they won't commit to attend Board meetings.
PS I saw the chairman in action at a recent meeting and I thought she was razor sharp. Very Valuable.

[topvest] 03/11/2007 21:01

Outrageous or not. Swallowfield needs a shake up and both of these directors are top quality!

[roccoco] 03/11/2007 17:06

I see the swede and the S african are trying to pull a fast one by slipping in nominations for two directors with only seven days notice before AGM. how are shareholders supposed to know if they do not happen to read RNS? Is this legal? I am going to try and get to the agm on thurs. anybody else going? Something stinks. They have about 40% of the stock and will probably get what they want. Does anybody know if this is what is called a concert party? They could have proposed six of their cronies, dominated the board and awarded themselves the company. I think this is outrageous. I hope that they have the guts to turn up at the AGM. It should be fun.

[roccoco] 19/10/2007 20:54

I see in the Notice of the AGM that Gillenhammer (29%)Blond swede??)has jumped ito bed with Western Selection (8%). Does anybody know the pillow talk? Has the Lady Chairman been invited to join them???

[roccoco] 19/10/2007 20:54

I see in the Notice of the AGM that Gillenhammer (29%)Blond swede??)has jumped ito bed with Western Selection (8%). Does anybody know the pillow talk? Has the Lady Chairman been invited to join them???

[baner] 13/9/2007 08:16

today´s results

were spot on target. significantly increasing current cash flow, reduced debt and shrinking pension deficit. improved earnings/cash flow in current year together with property disposals will take interim debt down to closer to 0. bring back bulk of pension provision and add property profits to operating EAT and Equity should increase to £14m by year end 2007/8.

now time to reduce excessive corporate expenses and we will see EBT of £2.3m or 20p/share in 1-2 years.

exciting ventures in china and eastern europe adds significant growth potential to the cash generative UK core business.

risk/reward is highly attractive in this stock: if they do not perform the company will be bid for no doubt. upside.......200p in 12 months.

well done to the new management team!

pls DYOR

[hybrasil] 10/9/2007 08:55

I sus[ect a bid is due soon.

[taffee] 18/6/2007 07:49

gylenhammer has 28% now......wonder if he will bid?

[taffee] 06/6/2007 07:35

he has a stake in tandem I think?....another looney underpriced profitable company

[hybrasil] 06/6/2007 07:24

Yes it looks quite good. Peter Gyllnhammer has a big stake.

[taffee] 06/6/2007 07:06

looks like this company is 'going for it'.another positive update today

[baner] 17/5/2007 12:56

co´s value = 6 times EBIDTA minus debt.

EBIDTA 2007/8 should be 4m and net debt max 4m.

so co´s value £20m or 180p per share.

as simple as that!

low risk - huge potential.

if shares stay at the prevailing levels, no doubt predators will line up!

[baner] 17/5/2007 12:55

co´s value = 6 times EBIDTA minus debt.

EBIDTA 2007/8 should be 4m and net debt max 4m.

so co´s value £20m or 180p per share.

as simple as that!

low risk - huge potential.

if shares stay at the prevailing levels, no doubt predators will line up!

[taffychaff] 17/5/2007 12:29

very positive update......quality company this looks like

[arthur_lame_stocks] 31/1/2007 13:05

Quiet board this, that´s normally a good sign.



interesting trading update today, it looks like I was right in thinking they were going to look at the value in their property.

And they´re going to start up in Eastern Europe. They ought to get me on the board.

Results should be interesting, I doubt they´ll be good but it is the future that matters more IMO.

[arthur_lame_stocks] 05/5/2006 16:22

Gyllenhammar´s bought another 6.5% of the company in one swoop. There´s not too many with 750k. Deutsche Bank, Western Selection, Third Advarc, R & A Persey and the Wardells (Director & missus).

I suppose we´ll find out where it came from soon enough.

[arthur_lame_stocks] 05/5/2006 16:22

Gyllenhammar´s bought another 6.5% of the company in one swoop. There´s not too many with 750k. Deutsche Bank, Western Selection, Third Advarc, R & A Persey and the Wardells (Director & missus).

I suppose we´ll find out where it came from soon enough.

[arthur_lame_stocks] 02/5/2006 11:27

HugePants

Nice tip ;-)

exdivvy

Thanks for you input. So really you´re saying that it´s very difficult for Swallowfield to add any value compared with direct sourcing from the far east.

Would it make sense for them to start manufacturing in Eastern Europe to cut costs? I guess they must have some client relationships going back years although that doesn´t seem to count for much really.

Other than that this just becomes an asset play with the value of the properties and any potential they may have for development offset against the cost of shutting everything down and winding up the pension fund.

Still, one to watch as it may have some potential.

[hugepants] 02/5/2006 00:57

This has been on my radar for about 12 months but when there are stonking, and almost zero risk, value plays like LDSG around then I dont think SWL is worth the risk. Not at this price anyway.