SWP Group Share Discussion Threads

[edjodav] 03/1/2002 11:58

swp about to fly don't miss this one up 20% already on very low volume

[addict] 03/1/2002 11:58

Reverse takeover been on the cards for months-maybe finally getting there.The right deal will make the current share price look ridiculously cheap.Patience should be well rewarded.

[paulamaureen] 30/9/2001 19:25

bb who and what are swp?
PM

[britishbear] 30/9/2001 17:53

This is what was stated by the board earlier this year -

"SWP's board is currently looking to dispose of its three divisions and refocus on a different sector, probably through a reverse takeover. This was discussed at length by the board in the final results in October when SWP posted its third consecutive full-year loss, this time of £20,000 from sales of £13.5 million."

I imagine it is still on the table but has been postponed/called off due to the current market conditions.

[parrot] 30/9/2001 17:45

Is the rumour of the takeover still alive British Bear?

[britishbear] 30/9/2001 17:42

Just been reminded what a gem SWP is by Parrot on the JUS thread. Up 20% on Friday but otherwise this is just another dead dog albeit with good potential to double in a month (but a nasty spread).

[britishbear] 19/4/2001 18:14

Just in case there are any SWP lurkers out there - there is increasing volume in this share at the moment. Some director buying (at 1.85) and some encouraging results.

More discussion on iii but IMHO this share is due to tick up very soon to 2p buy 1.75 sell. You can get in at 1.75 now (just).

Still a high risk share but check the statement above

"One of these products has genuine global sales potential
and the other will benefit from an existing distribution network spanning
Continental Europe: both offer the potential for considerable volumes of
repeat business. This increase in momentum has been reinforced by additional
sales of material for use as bootliners in the new Honda Civic."

Huge potential on a very low share price - check the chart. On historic lows with potential management buyout/ takeover chances.

[britishbear] 09/4/2001 17:04

Share price drop but a nice little 2 million buy at the end. This share has been in the doldrums for a long while now. The reverse take over seems to be over so the directors need to concentrate on turning the company around.

At least it is profitable at the moment. Lets hope the main director continue to stake build (see previous RNS')

[britishbear] 29/3/2001 08:50

Here is the further news - quite impressive I think. Shows that the potential is good and that while the reverse takeover si still is a possibility they are going to go it alone for a while.

At least profits increased. This strikes me as a nice little buy in this market. Deals with Honda for example suggest significant upside.

opinions/suggestions?

RNS Number:2427B
SWP Group PLC
29 March 2001


SWP Group plc

Interim Results

for the six months ended 31 December 2000


Chairman's Statement

Results

In the six months to 31 December 2000 your Company recorded a net profit of #
67,000 (#25,000) on turnover of #6,555,000 (#6,885,000). The net profit
equates to 0.02p (0.01p) per ordinary share.



Review of Operations

As has been the case for some while the Group's results have been
significantly affected by a poor performance on the part of DRC Polymer
Products. This subsidiary, which was acquired by the Group at the beginning
of 1998, has been a consistent loss-maker and although we implemented a
sizeable reduction in the Company's overhead last April,sales have generally
continued to fall well below break-even point.

Clearly this situation cannot be sustained indefinitely, no matter how
promising the Company's medium-term prospects appear, but at this time it
remains our view that it is in shareholders' interests for us to continue to
support the business and that our patience in this regard will be rewarded
sooner rather than later. In recent weeks two new partnership arrangements
have reached commercial fruition and both should now give rise to significant
levels of turnover. One of these products has genuine global sales potential
and the other will benefit from an existing distribution network spanning
Continental Europe: both offer the potential for considerable volumes of
repeat business. This increase in momentum has been reinforced by additional
sales of material for use as bootliners in the new Honda Civic.

Elsewhere in the Group both Fullflow and Crescent of Cambridge exceeded their
profit budgets for the period under review. Fullflow continued to develop its
operations in Continental Europe and within the next six months it is expected
that its recently formed European subsidiary, Fullflow BV, will obtain formal
approval for the Company's syphonic roof drainage system from the relevant
authorities in each of the countries which have been targeted initially. The
completion of this process will act as a catalyst for a major marketing
initiative in those markets and in this context it is encouraging that, even
in the initial absence of official product approvals, the Company has
succeeded not only in winning and fulfilling a number of major contracts but
also in developing excellent contacts with some of Europe's largest
contractors.

In the UK, Fullflow maintained its dominant market share whilst atthe same
time developing new operating systems and controls intended to provide a sound
platform for future expansion both in the UK and abroad. We believe that
Fullflow has the potential to developits operations throughout the developed
world and considerable effort is being expended to ensure that the planned
expansion of the Company's activities proceeds in a controlled and profitable
manner.

Plasflow, which operates as Fullflow Group's pipework supply subsidiary,
continued to generate sharply increased third party sales. Following a
substantial investment in new plant and machinery this operation is now able
to provide a rapid and reliable service to customers requiring large and small
diameter fittings and even at this relatively early stage strong levels of
demand have been experienced. Plasflow is well placed to exploit the sizeable
opportunities available to it and further significant growth is anticipated in
the period ahead.

With spiral and other feature staircases continuing to be a popular choice
amongst Architects in all sectors of the construction market, Crescent of
Cambridge has reinforced its position as market leaders in this field. A
recent advertising initiative which promoted Crescent's ability to provide
customised solutions for individual projects produced an encouraging response
and should lead to increased sales in due course.



Current tradingand future prospects

Whilst Crescent has continued to produce robust results in the early part of
the new calendar year, the performances of both Fullflow and DRC have been
below expectations. Fullflow in particular has suffered from contract delays
arising as a result of the adverse weather conditions which prevailed in the
autumn and early winter but there are now positive signs that the backlog is
starting to clear.

Generally prospects for the last quarter of the financial year appear
promising. Order and enquiry levels at Crescent and Fullflow provide strong
support for healthy business levels during this period and at DRC there is a
real expectation that the extra impetus provided by the new partnership
arrangements referred to above will enable the Company to deliver a much
improved performance.

In the 2000 Annual Report we advised shareholders that, with a view to
underpinning and enhancing shareholder value, it was our intention to dispose
of the Group's existing businesses and seek alternative opportunities amongst
those sectors of the financial markets which benefit from higher ratings.

However, since the date of our announcement it will not have escaped the
noticeof shareholders that there has been something of a sea change in
stockmarkets across the world and while our strategy remains entirely valid we
now anticipate that the timescale involved in implementing it is likely to be
somewhat longer than previously indicated.

The volatility which is currently prevalent in the financial markets does not
represent an ideal background against which to concludetransactions of the
sort we are planning and whilst we have received expressions of interest in
relation to each of our three subsidiaries we believe that, with a view to
securing proper value for the Group's assets, it is appropriate for us to
adopt a patient approach in this area. Other things being equal the progress
currently being achieved by the subsidiaries should mean that any delay will
operate to the advantage of shareholders.

Finally we wish to advise shareholders that the litigation issues to which we
have referred in previous reports remain ongoing and we will provide a full
update on these matters in the 2001 Annual Report.


R M Muddimer
Chairman



Consolidated Profit and Loss Account
Six months ended 31 Dec 2000


Six months Six months Year
ended ended ended
31.12.00 31.12.99 30.06.00
#'000 #'000 #'000

Turnover 6,555 6,885 13,548

Operating profit 268160 321

Profit on ordinary activities
before interest and taxation 268 160 321

Net interest payable and (201) (135) (341)
similar charges

Profit/(loss) on ordinary 67 25 (20)
activities before taxation

Taxation - - -

Retained profit/(loss) 67 25 (20)

Basic earnings per share 0.02p 0.01p (0.01)p
(pence)

[naked trader] 27/3/2001 21:09

Any further news?

[britishbear] 07/2/2001 11:54

Building on the news that SWP is looking for a reverse takeover there has been a series of 400,000 shares bought today in individual lots of 25,000.

The question is why and what the link is to the potential takeover/disposal of assets.

From City-Wire (dated JAN 4th 2001)
The finance director of SWP Group has added to his holding in the ailing construction company that has ambitions to become a shell - but the shares continue to hover close to last year’s low.

James Walker added 1 million shares to his holding on 28 December at 2p each, at a total cost of £20,000. He now has an interest in 8.2 million shares in the £7.13 million minnow.

Walker bought 1 million shares in two separate 500,000 share purchases last August. The first tranche cost him 1.95p per share and the second 2p per share.

SWP’s (SWP) share price is currently 2.25p, unchanged from yesterday and only slightly above the 2000 low of 1.75p. The price did hit 4p early in 2000 but this couldn’t be sustained and it fell to 1.75p in April. Despite a rally to 3.5p in November it has slipped back once again.

SWP’s board is currently looking to dispose of its three divisions and refocus on a different sector, probably through a reverse takeover. This was discussed at length by the board in the final results in October when SWP posted its third consecutive full-year loss, this time of £20,000 from sales of £13.5 million.

The company said: ‘We are operating within an old economy industry. At present the investment community has little appetite for companies in such industries…which makes it difficult to raise the level of funds required to support the acquisition programme necessary to deliver economies of scale within the group.'

SWP believes the best means of enhancing shareholder value would be to dispose of its subsidiaries and acquire, possibly through a reverse takeover, a business whose prospects are likely to be more highly valued by investors.

The three divisions for sale are Fullflow, Crescent of Cambridge and DRC Polymer Products.

Fullflow manufactures and installs symphonic roof drainage systems, Crescent produces spiral and helical staircases while DRC supplies polymer-based sheet materials for roofing and waterproofing.
©2001 citywire.co.uk