The Artisanal Spirits Share Discussion Threads

[bylow] 11/4/2006 22:36

Steve.........you have hit the nail on the head. Another way of describing the situation is by saying that Art is being punished for being Art.Perhaps Stevens should consider a reverse takeover in order to lose the stigma of the Artisan name.
Brian

[sll] 11/4/2006 20:46

I would see today as pretty much a 'let your friends in' job with 3.75m shares going for 3.75p. We are stuck in a groove here. Not for the first time, ART tells us the results are 'above expectations' (their duty to the market under the LSE rules). Next, we get the usual (for ART) blip up-tick followed quickly by a down-tick in which the 2 large trades then take place. Buying ART at this price is a bit like backing the winner after the results have been posted. As someone above said, check out the TNAV post 2006 results. At how much of a discount would you like to buy this land? Oh and yes, it is undervalued...but I have been saying that (here) for some time now - so no shocks. steve

[hosede] 11/4/2006 11:39

All the hot money is pouring into the mining/commodities sector - reckon thats why there is not much interest here at the moment

[bsg] 11/4/2006 09:33

... and the share can only manage a stingy .25p !

[canford cliffs] 11/4/2006 09:23

Artisan said it would smash expectations when it announced its full-year numbers and the shares jumped 0.25p to 3.75p. The house builder and business park developer said it expected to announce results that more than met current market expectations of profit before goodwill and exceptional items. In addition, its aid that the company expected that the results would demonstrate significant profit in respect of exceptional income as a result of the recovery of funds of more than 500,000 pounds from the Bickerton litigation. It said that this, combined with improved operational profitability, would produce a net profit significantly ahead of expectations

[lostcause] 11/4/2006 01:06

I agree with swiftnick!

[vaneric] 10/4/2006 21:35

ART actually got a mention in the an ADVFN competitor page today, must be a first. V.

[shawzie] 10/4/2006 17:11

Navs at year-end could well be around 5.50/6.50p per share, or better.
From memory, I think that the chairman has now paid in the region of 5.00p per share for his 20% holding, but market price is 3.50/4.00p so a sale of the company at around navs would be required to allow him to exit profitably.
But why would he want to exit when the company has now been turned around and appears to be trading well and growing profits?

[canford cliffs] 10/4/2006 15:53

thanks shawzie............I thought it must be partly his leaving, just hope we get a bid before too long!

[shawzie] 10/4/2006 15:47

canford cliffs
exceptional costs of £ 284,404 in respect of the departure of the former
chief executive

[hosede] 10/4/2006 11:33

Canford
isn't that just the problem? there are masses of long suffering shareholders all just looking to get out as soon as this rears its head above the parapet - so progress is very slow. I had about 150k at 9p in the Dean era, but by adding steadily between 1.5 and 3p my average is now 3.69. If it weren't for the criminally large spread I'm not sure I would still be here. A divi would be a massive help I think.

[scoobydootwo] 10/4/2006 11:13

interesting report from www.fairshare.biz on these, been watching for a while now decided to join the party does anybody else subscribe to www.fairshare.biz they seem to have a good track record?

[bsg] 10/4/2006 10:02

Amazing lack of interest in art.

[ddraig] 10/4/2006 09:32

swiftnick: I was thinking exactly the same thing.

It'd be funny if they weren't playing with other people's money.

[canford cliffs] 10/4/2006 09:20

Hope to see this dog re-rated, then mass exodus of long suffering shareholders methinks!

ps - good points swiftnick, what do you know about this?

"although Artisan have accounted for one off employment costs during the year of nearly #300,000"

[wakeland] 10/4/2006 09:20

Lol...will the day ever come when there is a bring back Dean campaign??

[swiftnick] 10/4/2006 09:13

Funny how things turn around.

24 February
Company issues downbeat trading update.

3 March
Company places 40,000,000 ordinary shares at 2.75p per share to raise
£1.1 million with Aspen Finance Limited, a company of which Michael Stevens is a director and in which he has a beneficial interest.

10 April
Company issues upbeat trading update.

[charmer1_23] 10/4/2006 07:50

Trading Statement

RNS Number:2386B
Artisan (UK) PLC
10 April 2006



Artisan (UK) plc

Post Year End Trading Update

Artisan (UK) plc ("Artisan" or "the Group"), the residential house builder and
commercial business park developer, announces a trading update for the year to
31 March 2006 which confirms that it expects to announce results that more than
meet current market expectations of profit before goodwill and exceptional
items.

In addition the Board expects that the results will demonstrate significant
profit in respect of exceptional income as a result of the recovery of funds of
over #500,000 from the Bickerton litigation. This combined with improved
operational profitability will demonstrate a net profit significantly ahead of
the market expectation.

The final results in respect of the financial year will be announced during the
first week of July 2006.

In February 2006, Artisan announced that the year end was dependent on
reservations held at that time, for both businesses, being converted to
exchanges or completions prior to the year end. Rippon Homes, the residential
developer, has exceeded expectations underlining the marked improvement seen in
the market since early January. It is expected to report improved turnover on a
similar number of units to the previous year, albeit at a slightly reduced
margin.

Artisan (UK) Developments, the commercial division of the Group, has seen one
significant sale delayed but gained another culminating in another successful
year. Following improved results in respect of the year to 31 March 2005, which
concluded with a significant sale at the year end, commercial turnover will be
drop marginally. However it is expected that the results will demonstrate
improved margins.

The consequence of the improved performance in both Rippon Homes and the
commercial division is that, although Artisan have accounted for one off
employment costs during the year of nearly #300,000 it expects results to exceed
market expectations. This has been achieved despite the difficult residential
market conditions that pertained during much of the year, underlining the clear
improvement in Artisan's operations. Much of this improvement is derived from
the success of high quality management teams throughout the businesses.


Artisan (UK) plc: 01480 436666
Chris Musselle Chief Executive [e-mail]
www.artisan-plc.co.uk

Seymour Pierce Nominated advisers 020 7107 8000
Sarah Wharry

Bankside Consultants Financial PR advisers 020 7367 8888 /
Simon Rothschild 07703 167065



This information is provided by RNS
The company news service from the London Stock Exchange

END
TSTSSSFMWSMSEDL

[gjabrj] 03/4/2006 15:25

Trading statement out this week or next?

[Abuse team] 27/3/2006 20:18

Post removed by ADVFN

[daz1966] 27/3/2006 16:31

The number of new mortgages being approved for home buying has gone up again, reflecting a continued pick-up in the property market.
According to figures from the British Bankers Association (BBA), nearly 58,000 new mortgages were approved for house purchase in February.

That was 28% higher than in January and 22% higher than a year ago.

Recently, lenders like the Halifax and the Nationwide have said that house prices are rising again.

Stronger indicators

David Dooks, director of statistics at the BBA, said: "The comparative weakness of the mortgage market in the first half of last year means that current indicators of activity - such as gross lending and approvals - are much stronger than they were twelve months earlier when the housing market was somewhat subdued.

"But they are by no means yet approaching the levels of activity seen in 2004," he pointed out.

[gjabrj] 24/3/2006 07:39

Cheers Bylow I thought thet were trying to amend the planning ie get a few more
houses on the sight.

Anyway we should get a trading statement in a couple of weeks, with the litigation put to bed this could start to go north.

[bylow] 23/3/2006 15:55

gj........according to the Mansfied District Council website of planning applications, approval of details for 76 houses was granted on 22nd September 2005. I do not see any later pending applications for additional houses.

[gjabrj] 23/3/2006 07:58

Does anyone know how many houses planning was obtained for on the Mansfield site.