The Artisanal Spirits Share Discussion Threads

[canford cliffs] 22/3/2006 16:51

back to 20p....................lol!

[stephenneilly] 22/3/2006 16:42

we r on the up hold on tight

[bsg] 22/3/2006 11:03

Its like getting blood out of a stone. 3.25 - 4.00.

[james dean] 22/3/2006 08:22

cc -

Thanks.

[canford cliffs] 22/3/2006 08:10

should tick up on this;



Artisan (UK) PLC
22 March 2006


news release

For immediate release: 22 March 2006



Artisan (UK) plc

New Site Purchases


Artisan (UK) plc, the residential house and commercial business park developer,
is pleased to announce the following recent land acquisitions.

A one acre site, adjacent to our existing business park at St Neots in
Cambridgeshire has been purchased by Artisan (UK) Developments. Although full
planning permission for office units has been granted, we have applied for an
alteration of the planning permission to provide a continuation of the product
we have sold successfully on the existing site. This process is well advanced.
Early interest from customers has been positive to the extent that heads of
terms have already been agreed for the forward sale of the first office unit.
Potentially the site could accommodate eight units.

In addition the acquisition of a 1.5 acre site in St Ives Cambridgeshire with
outline planning permission for industrial units has been completed. Again the
application towards full planning permission is well advanced as is potential
occupier interest in the site. There are few if any competing products locally
for those that are to be developed on this site.

Rippon Homes has also exchanged contracts on the acquisition of a 5.7 acre site
at Lincoln for residential development. The site already has the benefit of
outline planning permission and we expect to be granted detailed planning
permission in the short term, prior to completion of the purchase. This site
will act as a key site for the Lincolnshire area and we are already assessing
other smaller sites that will be effective satellites to the acquired site.

Chris Musselle, Chief Executive of Artisan commented:

' Part of our corporate strategy is to refresh and expand our land bank in order
to take advantage of positive local conditions across both our house building
and commercial development businesses. To this end we recently raised funds
through a placing to support the expected increase in our debt funding
facility.'

[sll] 17/3/2006 17:54

Well bsg, there was a bit of volume today and there could have been more had I been allowed to tuck away some more stock at 3.4p (my offer wasn't accepted). I just sense this one may be about to motor on, but if it stalls - I will step in again down the line. This just must be getting more tightly held as the bored depart and the late-joining bargain hunters arrive and keep topping up.

[bsg] 17/3/2006 10:00

Shame there's not more volume now the spread has narrowed.

[sll] 16/3/2006 16:36

Re-reading the Feb' trading statement and the recent placing RNS again, it becomes more apparent, when you join up the dots, that Michael Stevens is not only quite confident regarding ART generally - he is also specifically acknowledging that he is very well pleased with the efforts of Chris Musselle in an undiluted CEO role, since that appointment was made public on the date of last year's AGM. I know that many on here take delight in bashing ART in general and CM specifically, but I actually prefer to take my cue from Michael Stevens on this matter. The next finals will indeed be instructive.

ps - commenting, not ramping, will now await the finals as a long term investor here who hopes that Michael Stevens' faith in ART is indeed well-placed. logging off.

[m.t.glass] 11/3/2006 01:38

It's a photo of John Profumo, the former Tory minister
and longtime charity worker who died this week.
Taken at a memorial service for Ted Heath last year.
- I just think it's a great picture.

[sll] 10/3/2006 16:54

It is quite normal that 'larger money' going straight into the company (with low fund-raising costs) goes in at a discount to the market price. That is why Seymour Pierce were consulted, above, per the RNS. Please look at many comparable situations. Yes, we have been diluted - but the asset base is bigger (by around £1.1m) and the ability to leverage the group is much enhanced. Also, confidence has been expressed by the chairman, pre-results. We may look back on this development, post case outcome and post return to profits etc, as the turning point.

[blueblood] 10/3/2006 15:19

Yes when u have to pay c3.5p as opposed to 2.75p!!!

[benw99] 10/3/2006 13:51

Art as an investment......discuss!

[sll] 10/3/2006 13:02

blueblood - is that really a surprise given the confidence in ART most recently displayed by both its own Chairman and by RBS?

[blueblood] 10/3/2006 08:09

Been some steady buying as opposed to selling recently. Maybe we are at the bottom. We need more volume or news to tick up though.

[swiftnick] 04/3/2006 22:16

Cost probably.

But it is something that they are likely to consider if and when they resume dividend payments.

[mach10] 04/3/2006 09:47

Wakeland I think 2.75p is as cheap as this one is going to get. While I hear all the above points I think this move will flush out investors who would sell into strength anyway. It also gives the directors a year to get their act together before they can sell. Who on this board would have supported a placing even at 2.75p given that the company has not performed well?
That said the trading statement did seem a thinly veiled profit warning which those like me who choose to hang on may regret not taking heed of. I also don't know why they don't do a share consolidation. Art is very illiquid and moves up and down in a way that only suits MM's IMO. They could also buy out fractional holdings or holders with less than 5000 shares to tidy up the register.

[wakeland] 03/3/2006 17:12

Stevens vehicle 'Aspen Finance' now owns 22% of ART. At what percentage must they make a full offer for the Co. is it 30%?
It might be in Mr Stevens interests to run this down a bit & pick up the remaining 8% he needs and then make an offer for the whole Company. A silly one of course but he will have Mr Muselle's steadfast support.

[davidosh] 03/3/2006 16:52

As the reply at 938 suggests the bank were involved I would like to see confirmation that the directors approached the bankers first as dilution of the NAV and future profits by issuing shares is not my idea of shareholder value when extended borrowing of the £1m would have been far cheaper for all holders.

I prefer to see buybacks when trading at half NAV not issuing new equity unless every option has been explored. The NOMAD and independent directors should come under pressure here.

I think the next agm will be another interesting one if this is the way to satisfy the hoards of longstanding holders....

[pete1970] 03/3/2006 14:52

I hear you blueblood, this share should be worth more considering the property boom, and demand for housing,the last few years. Logically the share price should be more, so like many others here I have to blame the management for its current lacklustre state.

[gjabrj] 03/3/2006 13:44

Blueblood here here

[blueblood] 03/3/2006 13:31

Pete1970

I sympathise. I've had a lot worse losses over the years but they have been in very high risk/reward scenarios. This dog is in property during a never too be seen again boom and can only get its capitalisation to c£10m quid. I could stomach the share price performance if the potential to triple overnight was there but getting a 4p share price is beyond this lot!!!

[gizzimodo] 03/3/2006 13:06

So is the "nominated advisor" saying the shares are worth 2.75p when the NAV is double ? Still have no problem with the logic merely the way it was done

[bylow] 03/3/2006 12:59

I certainly did not see this one coming. I would not even consider buying more shares until the market price falls to the same as the placing price.

[canford cliffs] 03/3/2006 12:44

ps.............Stephen Wicks, a wealthy builder / property developer is currently attempting to gain control of BLLM, another shyty company that is continually raped by the directors.................I've sent him an email suggesting he takes a look over here...........I'm sure he'd get plenty of support from us regularly shagged shareholders!