Share Name Share Symbol Market Type Share ISIN Share Description
Tex Holdings Plc LSE:TXH London Ordinary Share GB0008850470 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 73.00 0.00 0.00 0.00 0.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 40.4 -0.7 -9.3 - 60

Tex Share Discussion Threads

Showing 376 to 396 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
02/9/2019
09:16
As private company minority will be helpless as profits wi be used to pay interest and repay capital on related party loan. Any surplus will go in paying rent and improving rented properties.
charo
02/9/2019
08:45
The company requested the relisting of shares on 31st July. The board needs update shareholders.The chairman is obviously not up to task.
charo
01/9/2019
14:09
Balance Sheets now have little relevance in assessing the health of the underlying business. Gearing is not unreasonable here. We await the terms of the Burrows loan. I expect him to take this opportunity to withdraw from the Listed Market. This is a decent business, especially the Plastics Division which IMO is worth c £6-8m on its own, and any offer needs to be in the region of 100p per share.
tuscan4
01/9/2019
12:37
dangersimpson2 1 Sep '19 - 00:32 - 274 of 275 Think the increase in PP&E may be due to IFRS16 with all leased assets and liabilities coming onto the balance sheet. Note 7 says £272k spent on PPE yet cashflow statement says £7,282,000 spent on purchases of PPE. They've raised £6.3m in new borrowings and generated £1.1m in operating cashflow. Where's it all gone? They have no cash. It has to have gone somewhere. There was £1m on a new factory and talk of increasing robotics but ....
aleman
01/9/2019
11:17
Wi be 4th auditor in as many years.
charo
01/9/2019
00:32
Think the increase in PP&E may be due to IFRS16 with all leased assets and liabilities coming onto the balance sheet. But with auditors not able to confirm pretty much any of the balance sheet entries or revenue recognition and the future of the company being totally at the mercy of a very large shareholder loan, it is hard to argue that this is investible at any price. How could one possibly value it? Given the audit report then voting out the auditors may not be the wisest move - think they may struggle to find another auditor, or at least will be forced to pay a very large fee to get someone willing to take the job on.
dangersimpson2
31/8/2019
11:57
What a farce .Auditors get criticised for failing to report on "failings"and sacked when they do. This company should not be accepted for listing until wholesale board changes. Let it go private where it belongs.
charo
30/8/2019
19:11
92% vote against reappointing the auditors. Anybody else left here?
aleman
28/8/2019
16:51
It's worth noting they could have delayed the interim results until after the EGM but they have published them now. I'd say they're not bad and will help dispel a little uncertainty.
aleman
28/8/2019
16:42
Not bad interim results at first glance. But the 12% RISE in underlying operating profit has been eaten up by a rise in receivables and a whopping £7.3m (!!!) capex (and, I assume, the higher "professional expenses") for the new Brigg factory and WHAT ELSE EXACTLY? Reported profit was also hit by higher depreciation on said capex which won't be contributing fully yet. These results are quite promising if the underlying operating profit rise can be maintained - or even enhanced by the new factory - on the back of a mixed but improved order situation. https://uk.advfn.com/stock-market/london/tex-TXH/share-news/Tex-Holdings-PLC-Half-year-Report/80619362 I don't think I can get to Friday's EGM for the delayed results. Anyone going? I'd love to know where capex not far off the market cap has gone. (Balance sheet fixed assets go from £8.0m to £14.3m!) It might well significantly change the business.
aleman
20/8/2019
08:25
No further news on relisting.
charo
05/8/2019
08:54
Companies Act 2006, Section 438 - the company must lay the accounts before shareholders in a general meeting before the end of the period for filing accounts. By failing to do this, I presume the company is still in the position of committing an offence and I presume, therefore, the company cannot be relisted until this requirement has been met. Http://www.legislation.gov.uk/ukpga/2006/46/pdfs/ukpga_20060046_en.pdf
aleman
05/8/2019
08:27
Now 3rd day of trading since accounts and as I suggested suspension still in place.Chairman has a difficult job but must make it clear that resignations of directors are required even if they represent substantial shareholdings.
charo
03/8/2019
12:46
The accounts refer to recently appointed sponsor but no Info as to whom and no announcement anywhere.Is it a secret like so much with this board.
charo
02/8/2019
18:26
Need to approve the loan agreement too. Would like to see the interest attached to this!
pictureframe
02/8/2019
18:14
Back from holiday so I will have late comments on these results. I have yet to go through them with a fine tooth comb but my initial reaction is that they feel extraordinary in that commentary seems to paint everything in very bad light and yet deeper inspection suggests they are not really that bad and we could even be looking at business at usual in the year ahead. There are still signs of positive operating cashflow, a likely elimination of the pension deficit by recent market movements, costs being cut, investment made and higher order levels that could soon see profitability bounce back to previous levels with a continuation of a strong balance sheet. It's still all a bit odd, though. Lots of small oddities add up to a rather large enigma. Just what has been going on? More will follow when I have time. Are the shares still suspended on a technicality? Report and accounts usually get filed in time and ratified at an agm. The shares were suspended because they were not ready in time. Given qualifications by the auditor, and late filing, it's possible the shares might not be relisted until the accounts have been approved by shareholders at the egm. If you think about it, it's down to directors to clear the significant accounting issues with shareholders so that the market can then proceed in an orderly manner. That might not be possible before potentially market sensitive information is explained at the egm.
aleman
02/8/2019
15:30
Have they been refused relisting normally automatic . We should be told.
charo
01/8/2019
22:49
Yes, these new auditors deserve a medal ! Am I correct in recalling that Tex was floated by a firm of stockbrokers who ended up in big bother themselves ?
coolen
01/8/2019
19:26
The auditors deserve great respect for the audit report.One of the most explanatory, pulling no punches I have read in over 50 years of accounts . The meetings with board must have been extremely difficult and now understand why took so long. The FCA surely cannot lift this suspension under this board.
charo
31/7/2019
19:40
Results out and return to market shortly. Loan of 7 million from Uncle AB.
battlebus2
30/7/2019
09:49
Any competent auditor could have completely reaudited this group during period of suspension. This board has shown its complete disregard for the majority of its shareholders. We need to hear from chairman now.
charo
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
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