The Artisanal Spirits Share Discussion Threads

[gjabrj] 30/11/2005 10:52

Why so little interest?

I now pray for a takeover at NAV.

[shawzie] 29/11/2005 23:16

Bylow
I can but agree with your posting and by the full year nav per share could well exceed 6.0p.
If memory serves me correctly, at the AGM when Steven Deans resigned, although I questioned the sizeable payments which he received through his offshore company the Directors did not pursue recovery of monies paid or seek to stop further payments.
Perhaps senior executives and Directors are more kindly treated by their peer group than they would be by shareholders.
Having bought and sold Artisan, I am almost at breakeven on this investment and
trust that you are in as good or better position.

[bylow] 29/11/2005 19:48

The interims are mildly better than I was expecting after the last trading update in October, but I was expecting either a return to the dividend list today or a hint that there would be a final divi at the end of the year. A small divi is now affordable. Also I do not like gratuitous payments to chief officers or Board members when they leave (for whatever reason). They received their salary while they were working.
That said I believe that the strategy of gradual expansion of the business is the right one, and because Artisan is starting from a relatively low baseline there could be some sigificant growth in next few years and I hope this is reflected in a well deserved rise in the share price.

[bsg] 29/11/2005 15:53

Would it not be better to use the money to buy more land ?


























... or pay a divi.

[gjabrj] 29/11/2005 15:37

I think the company should do a share buyback as share price is much less than NAV.

Its not rocket science is it!

Comments anyone?

[canford cliffs] 29/11/2005 09:55

We've jut got to hope that a tip sheet picks this up and calls it as one of the likely movers for 2006, either on a re-rating or a bid now that 99% of the skeletons are out of the cupboard (obviously the molasc is still resident)

[gizzimodo] 29/11/2005 09:28

Thought the directors have some nice share options at around 3p ?

[gjabrj] 29/11/2005 09:27

A dividend is required here.

[blueblood] 29/11/2005 09:26

The Chairman's problem is he was duped by SD into paying 11p a share for these ans so I hope hes not banking on capital profits to fund his retirement!!!

Generally good results and these deserve to be nearer 5p than 3p.

[james dean] 29/11/2005 08:59

bsg -

I'm still one.

Regards

[gizzimodo] 29/11/2005 08:39

The results seem as expected but why the large payment to the outgoing CE ? Believe a dividend payment may restore some interest and boost share price a little but assume not tax efficinet to Chairman who at some stage is looking for an exit and a nice capital profit on his shares .

[bsg] 29/11/2005 08:26

Doesn't seem to have many followers.

[canford cliffs] 29/11/2005 07:17

note •Net assets per share of 5.8p (2004: 5.1p).............usually these small builders trade at a discount to net assets of 15/20%, so should see share price at about 4.5p..............or better still a predator takes them out at around 7p!

[canford cliffs] 29/11/2005 07:15

Artisan (UK) PLC
29 November 2005


29 November 2005

ARTISAN (UK) PLC

UNAUDITED INTERIM STATEMENT FOR THE
SIX MONTHS ENDED 30 SEPTEMBER 2005

Artisan (UK) plc is an AIM listed company engaged in house building and
commercial property development.

Highlights


•Operating profit before exceptional costs of £1.32m (2004: £0.95m) - an
increase of 40%
•Pre tax profit of £1.29m up 51%. (2004: £0.86m)
•Earnings per share at 0.38 pence per share (2004: 0.24 pence per share) -
up 58%
•Net assets per share of 5.8p (2004: 5.1p)
•Net debt reduced by 37% to £5.36m (2004: £8.48m)
•Commercial trading continues revival
•Increase in residential turnover
•Court case over Bickerton Construction Ltd successfully concluded


Michael W. Stevens, Chairman of Artisan (UK) plc commented,

'I am very pleased that the management team has again delivered profit growth
in both the residential and the commercial markets.'

'We are confident that the residential market retains strong fundamentals,
despite its current volatility, and we will continue to invest in development
land in line with our organic growth strategy.'

'Similarly, we intend to purchase further land for commercial development,
both to replace stock traded and to be in a position to extend the range of our
activity in that market.'

[steeleye] 28/11/2005 15:37

actually, yes you are right.

[canford cliffs] 28/11/2005 15:36

last chance to buy below 4p.....................yeah rite

[sll] 28/11/2005 15:33

MM's taking no chances now - having tried their predictable little treeshake pre-results.

[gjabrj] 28/11/2005 11:57

Accounts announced tomorrow - confirmed.

[gjabrj] 22/11/2005 16:36

Artisan (UK) plc ("Artisan" or "the Company"), the AIM listed residential
housing and business park developer today issues the following trading statement
ahead of the interim results for the six months to 30 September 2005, which it
expects to announce on 29 November 2005.


One week to go!

[gjabrj] 22/11/2005 11:52

I can only hope, but with the increase in landbank its possible.

[blueblood] 22/11/2005 11:42

gj

do u think we can do this within next 12 months?

[gjabrj] 22/11/2005 10:12

We need to get the residential unit sales up around the 200 per annum mark, trim a few overheads sit back and wait for 8p.

[blueblood] 22/11/2005 09:59

Lets hope the results next week finally move us on from the spiv Dean days. I think fair value at present is share price c5p. Any thoughts?

[james dean] 11/11/2005 20:45

CC -

Just in from a busy day - agreed - it has been a long time.

Regards

DYOR