Sweett Grp Share Discussion Threads

[alcatraz10] 07/4/2010 13:54

what cash in the bank do CSG have? anyone?

[envirovision] 07/4/2010 13:27

If you post over there at all simon perhaps you could be good enough to ask him.

edit. someone confident to buy anouther 16K worth. Wonder if its sour grapes with the guy, i mean after having your salary slashed then at risk of redundancy your hardly going to have a positive view.

[envirovision] 06/4/2010 14:12

He seems to know more about staff/salary than i do, wonder if hes a beaten down ex employee from somewhere in the group? Sadly i cant ask him as ii blocked my account a while ago.

[envirovision] 06/4/2010 13:56

I knew about a bit of intergration, but theres been no office closures/headcount culls en mass of late from what i can tell, infact the reverse. Do you know this of the poster there? wonder who he is?

[simon gordon] 06/4/2010 09:28

There is a post on the iii thread that they are reducing the headcount further.

[envirovision] 01/4/2010 16:01

unless someone has inside knowledge of bad news, i cant really think why its been walked down to this level. Its a worry but i've not heard anything.

[sscrabble] 01/4/2010 15:21

These look like value to me - just bought 10000.

[empirestate] 06/2/2010 19:53

this offers great value at this level but will look to make an entry at sub 30p hopefully considering the market conditions at the mo. has a decent order book, manageable debt, profitable, say no more

[envirovision] 02/2/2010 17:54

Looks like the market likes it, no wonder though Australia and India which are countries likely to experience long term gdp growth and somewhat insulated from basket case western countries like erm the UK and the PIGS (portugual, ireland, greece, spain).

[envirovision] 02/2/2010 07:53

Acquisition of Padgham Australia and India

Cyril Sweett, the international construction and property consultancy, is
pleased to announce that the Group's wholly owned subsidiary, Cyril Sweett
Australia Pty Limited, has agreed to acquire the entire share capital of Padgham
& Partners Pty Limited and its subsidiary company Padghams Cost Management
Private Limited, (together "Padghams"), an Australian and Indian based quantity
surveying and cost management business. The completion date for the acquisition
is expected to occur by 26 February 2010 at the latest.

The initial consideration, amounting to AUD1,453,000 (GBP807,000), is to be
satisfied by a cash payment of AUD974,000 (GBP541,000) and the balance by the
issue of ordinary shares of 10 pence each in Cyril Sweett ("Ordinary Shares"),
the number of which will be determined with reference to the average closing
share price for the 10 business days prior to the calculation, which will
immediately precede completion. This represents a multiple of 5.5 times the
average post-tax earnings for the Australian company's years ended in 2007 to
2009 together with 5.5 times the Indian Company's post-tax earnings for the year
ended 31 March 2009. The initial consideration is subject to downward revision
should the net tangible assets in the financial statements to be drawn up at the
completion date be less than AUD825,000 (GBP0.46m).

Padgham Australia and Padgham India prepare financial statements to 30 June and
31 March respectively and the deferred consideration will be payable contingent
upon the financial performance of the companies in the years ending in 2010 and
2011. The directors of Cyril Sweett anticipate, based on current forecasts, that
the deferred consideration will be approximately AUD860,000 (GBP478,000).

The total consideration is therefore expected to be approximately AUD2.3million
(GBP1.3 million) and in any event, will not exceed approximately AUD2.7 million
(GBP1.5million).

The unaudited financial statements of Padgham & Partners Pty Limited for the
financial year ended 30 June 2009 recorded turnover of AUD 2.1 million
(GBP1.16m), a profit after tax of AUD 0.1m (GBP0.05m) and net assets of AUD 0.2
million (GBP0.11m). The audited financial statements of Padghams Cost Management
Private Limited for the financial year ended 31 March 2009 recorded turnover of
INR 61.8 million (GBP0.82m), a profit after tax of INR 9.2m (GBP0.12m) and net
assets of INR 15.0m (GBP0.20m).


About Padghams

· Padgham & Partners Pty Limited is a private limited liability company.
Peter Cox is the Group Managing Director and David Jones is Chairman. All
directors are both fee earners and business developers.

· Padghams Australia was established in 1964 and currently has 12 fee
earners operating mainly out of Melbourne, Victoria. The Company provides
quantity surveying and allied services, predominantly to the health and
education sectors. It has a strong reputation for providing high quality
services within these sectors.

· Padghams India opened in 2001 and currently has 43 fee earners providing
quantity surveying services to the Hospitality, Residential, Health, Research
and Technology sectors. Most of its staff are engineers by training and
therefore are highly skilled. The main office is in Chennai with satellite or
project offices in New Delhi, Bengaluru, Mumbai and Kolkata.

Dean Webster, Chief Executive Officer at Cyril Sweett, said:
"We are delighted to announce the acquisition of Padghams; international
expansion is core to our strategic plan and we believe that this acquisition is
an excellent fit for the Group. The acquisition enables us to add a quantity
surveying and cost management offering to our existing project management
expertise in Australia and at the same time consolidates our presence in India.
"We intend to combine both Melbourne activities into a new office almost
immediately, whilst in India, we inherit a presence in a number of strategic
locations. It therefore significantly strengthens the Group's Asia Pacific
network and we look forward to working with the Padghams team."

Peter Cox, Group Managing Director of Padghams, said:
"The directors of Padghams are delighted to be joining a growing and successful
international business. We were attracted to Cyril Sweett's strong
international network, but also to its diversity and depth of professional
experience and range of services, all of which will help Padghams to grow and
thrive.

"Given our established footprint and contacts within both Australia and India,
Padghams will be able to make a strong contribution to Cyril Sweett's objectives
in these markets; namely, both developing a quantity surveying capacity in
Australia to complement its existing business, as well as capitalising on its
existing clients' plans to enter the Indian market, This is an exciting
opportunity for the Company and we look forward to working with the Cyril Sweett
team".

- Ends -

[envirovision] 25/1/2010 08:58

Yet more positive news today, when will the market value us correctly, we should be 50p minimum by now.

[envirovision] 21/1/2010 12:35

Well just couldn't help taking a couple of bites including for my sip during the current unexplained shareprice weakness. (must be a seller lurcking of something_)

[vino] 12/1/2010 23:51

I believe they are looking at possible purchases - this should increase awareness and value

[ed 123] 12/1/2010 23:07

I'm holding too. Got CSG it in my 'get rich slowly' portfolio. ;-)

One worthy of my patience, I think.

[boozey] 12/1/2010 21:35

A steady stream of positive news. They have thrown the kitchen sink in with all the bad news so they can move forward positively. Worth holding for a sustained period. Also pays a dividend.

[pmeldrum] 12/1/2010 18:16

Another Contract Win today

Anybody else holding this share

no posts on here for ages

[envirovision] 01/12/2009 09:37

A lot better than what i was expecting, coupled with recent contract wins makes either us look way undervalued or the likes of people like Waterman group look way overvalued.

[kannerwas] 01/12/2009 09:23

No great shocks in today's interims but not a great deal to get excited about either.
I see the order book is still falling, and I doubt the share price will start to take off until people can see some likelihood of a rise in revenue.
Does anyone have a handle on how an order book of £64m might translate into sales over the next year? This time last year the order book was £92m, and revenue over the past twelve months has been £70.6m. If the same ratio held good, revenue over the next 12 months would be £49m. I would think however that the co hopes/expects to do rather better than that.

[envirovision] 16/11/2009 13:37

16 November 2009

Cyril Sweett Group plc

('Cyril Sweett' or the 'Group')

Cyril Sweett appointed on tallest building in Saudi Arabia

Cyril Sweett is delighted to announce it has been appointed by The Capital Market Authority to work on the iconic "crystalline" tower, in The King Abdullah Financial District in Riyadh.

The King Abdullah Financial District (KAFD) is a mega scale new development that will provide a new economic platform in the heart of the capital city. The focal point of the KAFD is the Financial Plaza which contains the five tallest towers in the scheme, of which the tallest is an iconic 'crystalline' tower which will be the Capital Market Authority (CMA) Tower . The CMA will occupy the upper section of the tower whilst the remainder of the floors are to be leased to other world leading financial organizations and banks. Cyril Sweett will be providing cost and project management services on the CMA Tower project, which is being designed jointly by HOK and Omrania & Associates.

The tower soars 385m above the surrounding cityscape and will provide an anchor for the district as a whole. The 'crystalline' tower will join the top-table of world tall towers(1). There will be a podium structure at the base of the Tower which integrates public circulation (via the district 'sky-bridge' system of the Masterplan) with the private amenity spaces (including the CMA Dining Facilities and a two storey state-of-the-art Auditorium) all within a breathtaking contemporary design. The project is due to complete beginning of 2012.

The building will incorporate energy efficient design to the very best Leadership in Energy and Environmental Design (LEED) credentials and it will make use of leading edge technologies such as photovoltaics.This premier 'Class A' office space integrates intelligent, cutting edge and adaptable services while adhering to the inherent principles of a 'Green Building' and at the same time creating an enjoyable working environment(2).

Dr. Said Rabiah, CMA Project Department Manager commented:- "We wanted to select consultants who have a proven track record of delivering tall buildings throughout the world and Cyril Sweett have excellent experience. The project needs to be delivered in a short timeframe, however we believe the team will deliver our project on time, to budget and to the highest appropriate level of quality."

Ramzi Nawfal, Regional Director, Saudi Arabia, commented: "This is an exciting yet complex project which will offer a series of challenges and risks. Given our experience in the successful delivery of project and cost management services across many major prestigious commercial development projects across the globe, particularly here in the Middle East, Cyril Sweett is well placed to manage these risks."

[envirovision] 16/11/2009 13:03

Well the good news just keeps coming for cyril, how much longer can these remain at these bargain levels. Just in case I take a 11073 holding whilst i can.

[ghurah] 11/11/2009 13:56

off topic (in case some people mind)

is there anyone here that can help me?....read on...

are you working in the construction industry and would like to take part in a short (5 questions, 3-5min) questionaire i will be doing as part of my final year project?

I would appreciate as many responses as possible and would really help me...
if yes then please email me for further information:

[e-mail]

all confidential etc

[greek islander] 23/10/2009 10:59

No trading of this stock on IG Index this morning!

[cockneyrebel] 23/10/2009 10:38

Marked up before the open and creeping up today - due a bounce imo

CR