The Artisanal Spirits Share Discussion Threads

[james dean] 09/2/2006 07:54

mistertibbs -

I have had these years - I agree with your comments.

Regards

DYOR

[mistertibbs] 09/2/2006 07:37

I'm one of the new "small" sharebuilders in art and have mentioned recently that I don't think divi is a good idea, although I was correctly put in my place when a long term holder advised on long term holders' having to suffer many years without one. So my perspective on a dividend payout is that the top man must have his reasons for not paying out a portion of profits and maybe one of them is to build up reserves for small acuisiton or to look better themselves and be taken over, or is it simply that he really does want the business to grow. nevertheless, I'm buying on the latter and as a growth, not income share, or am I being optimistic given the track record?

[gjabrj] 08/2/2006 14:35

the div would probably trigger the re-rating, views please? steve

with you all the way on this.

[sll] 08/2/2006 14:26

strange price movements today! was that an MM ploy that was quickly reversed? firstly, a price drop as a mini tree shake, followed by a bid/offer raise - we want your stock?!? we will probably only find out when it stabilises again, or when any large unfilled trades are worked through. Whatever, this profitable stock is still trading at a sizeable discount to TNAV. At one year soon, this will have to be re-rated - with or without a div. If it came about, the div would probably trigger the re-rating, views please? steve

[gjabrj] 08/2/2006 07:59

I think the management need to start taking into account shareholders views re divi's as no divi for the last 3 years and no increase in share price.

[mach10] 07/2/2006 19:16

"As regards dividends, I refer back to my comments in the 31 March 2005 Annual
Report and retain the view that greater shareholder returns will be achieved by
investment in the businesses rather than by way of distributions at this time.
Your board recognises that dividends do however remain of great importance to
shareholders."

I think the chairman will get splinters on his bum Loganair if he sits on the fence any longer. Looks like he wants to have our cake and eat it.I take this to mean that investment is first and divis will only follow if the investment is successful.Net assets of 5.8 and profit making must make this a t/o play.

[loganair] 07/2/2006 14:04

Wow! jfish, a hefty price to pay, I think you'll be waiting sometime before you sell. Never mind, I've made many mistakes in my investing.

I was just wondering, now that Artisan is starting to make profits again, does anyone think there may be a resumption of dividends or is it rather late at night where I am at the moment and I'm just in dreamland.

[jfish] 06/2/2006 15:30

I won't be selling until we hit 18.5p. That way I will breakeven :-)

[torabora] 06/2/2006 08:50

Take a look at London house builder NTA, very very cheap,co worth just 2m pounds.

[ddraig] 05/2/2006 21:54

Well I'm one of the small shareholders that has been around for quite a while, don't think I'll make a profit on these anytime soon (they'd have to go upwards of 10p for me to do that). Still think they'll do alright from this level though, so I'm not planning on selling for the moment. A small loss will be better than the relatively large loss I have on my 48k shares.

I'd imagine there's considerably less than 13k holders now, remember seeing Artisan as one of the top trades on Barclays Sharedealing a few years ago - don't think we'll see that again either ;)

[canford cliffs] 03/2/2006 19:53

I agree...............those who suffered under fatso will want every last drop squeesed out of share price now that company is on track to perform - with or without the Molasc!

[sll] 03/2/2006 18:19

I am less sure that there'd be such a massive rush to sell at 4p+ bid so long as the fundamental reasons that took it there were appropriate and deemed sustainable and growable. If my earlier thesis is anywhere near correct, a lot of the older bored shareholders have been trickling out over the past 2 years, during which a new batch has arrived, smaller in number and larger in holdings. May be wrong,,,,steve

[steeleye] 02/2/2006 23:22

Blueblood, Yes so would I, but then would you sell as soon as it did?
Thats the problem.

[blueblood] 02/2/2006 23:16

Surprised the share price didn't tick up on those buys. Lets hope for more of the same tomorrow. Not asking for much but long to see bid over 4p.

[sll] 02/2/2006 16:59

GJ

Feel sure it is much less than 13k now, and that the weaker/smaller holders (have been/are being) replaced by stronger/larger holders looking to the future. Check the price graph at the top of this thread and ask yourself if you would sell now (at 3.15p) with ART's 2 activities both profitable and well positioned in relevant territories & markets and all the past legal stuff all but closed off. Oh yes, and ART still trades at a discount to TNAV.

Re the possible threat of action by the liquidator etc, my guess is that they have hid behind the costs/process of the long-running case by aviss/ infiniteland v artisan to quietly watch and await the outcome of that at no cost to them. Had the other side won, which they plainly didn't, the liquidator might have had a chance of 'something'. As it is, they will most probably have drawn a line under this matter without necessarily having publicised that fact. In my experience, unless it is a very high profile case with very rich pickings and a very well funded high profile liquidator, they tend to go for quick easy pickings and then move on. That was the premise (and a view that the case would be won, which it has) on which I part-based my decision to start stake-building in ART some months back around the time I started this thread.

If you're still not convinced, take a look at the graph right at the top. steve

[gjabrj] 02/2/2006 13:08

This pattern has been going on for months now, small sells mopped up by large buys.

Does anyone know how many shareholders art has.(It used to be 13,000)

Regards G J

[steeleye] 02/2/2006 12:40

come on who is it, thats another 500k

[steeleye] 02/2/2006 12:24

All the small sellers, keep getting mopped up by Mr 100k/250k who is it???

[addas99] 26/1/2006 16:34

As the limitation period is not quantified we can only guess this may hang for 3 or even 6 years as suggested, how long a shadow it will cast is pure guesswork. Can only assume that Artisan's legal advisors recognise it's a dampener to progress and proceed as best they can to nullify asap.

[canford cliffs] 26/1/2006 12:45

gj, quite possibly the case - recently a colleague took our local council to court for maladministration and was awarded summary judgement because the council forgot to submit their defence in time - they also missed the appeal date ...............lol

[gjabrj] 26/1/2006 12:18

I think they are keeping quiet in the hope the issue is not raised again until after the time scale elapses for a claw back?

Just a thought

[bylow] 26/1/2006 12:11

This is the reply I received today from the CEO :

Thank you for your email. I can assure you the limitation point is one point amongst many Artisan and its legal advisers will have considered and continue to bear in mind. The conduct of the matter is carefully managed and perhaps you would forgive me for not saying anything more than we have said in the last Interim Statement and asking you to bear that in mind.

Chris Musselle

I am not sure what to make of this. It seems that the matter is not yet put to bed. Any views anyone?

[bylow] 25/1/2006 15:52

gj.....no reply yet. I will post when received.

[gjabrj] 24/1/2006 16:16

Bylow, any response from the CEO?

[bylow] 23/1/2006 18:54

shawzie.......I have asked the CEO for information about limitation of action by the Bickerton liquidator.