The Artisanal Spirits Share Discussion Threads

[bylow] 27/6/2006 14:57

But this person's bid can only be within a narrow price range otherwise the market quote would not be where it is now, moribund.

[shawzie] 27/6/2006 13:44

With Squaregain max quantity to buy is 37,500 but max to sell is 375,000.
Someone is surely looking for stock and I have just added to my holding.

[shawzie] 27/6/2006 11:08

If few shares are available to buy, investors will surely lose interest in ART,
and invest elsewhere, but as I have previously posted, I tend to agree with mistertibbs suggestion that someone is accumulating and if the Company is taken private, then perhaps spread becomes irrelevant.

The following is what I find interesting and it has taken Chris Musselle a long time to show faith in ART :-

"The Company was informed on 11 April 2006 that Aspen Finance Limited, a company in which Artisan's Chairman Michael W Stevens has a beneficial interest, purchased on that day 2,000,000 ordinary shares in the Company at 3.75p per share. Mr Stevens is now beneficially interested in 71,666,667 ordinary shares, representing 21.81% of the Company's issued share capital.

The Company was also informed on 11 April 2006 that Chris Musselle, Chief
Executive of Artisan, purchased on 11 April 2006, 200,000 ordinary shares in the Company at 3.75p per share. Mr Musselle is now beneficially interested in
778,853 ordinary shares, representing 0.24% of the Company's issued share
capital."

The ART internet site is due to be updated soon, some of the information with regard to shareholdings is out of date (2004).

[bylow] 27/6/2006 00:36

Wouldn't the wide spread indicate that there is very little interest from buyers and sellers with the result there isn't the opportunity for them when they do make a turn to make any money from volume.

[mistertibbs] 26/6/2006 21:51

Spread wide due too volatility perhaps?

[mistertibbs] 26/6/2006 18:48

Maybe an unfilled buy in the background?

[bylow] 26/6/2006 16:23

If you are right, why is the spread so appalling? There is nothing to tempt buyers.

[shawzie] 26/6/2006 14:54

maximum buy with Squaregain is 37,500 - if there is little stock available
then do I take that as a good sign for ART share price in the near future?.

[mistertibbs] 26/6/2006 10:19

gjabrj---my thoughts on that are documented previously here so wont bore you with all that. Maybe even I should step back from my stance as once again, another of my underrated shares has today been bought over on , what I and others consider, is on the cheap. Maybe a dividend after all will get people to notice art. Surely the results will, eventually, I hope???

[sll] 25/6/2006 18:37

Bylow - I would guess that one of the 2 scenarios you allude to will have to apply post FY2006 results, either 1/ the market will become 'interested' in ART (at last) and re-rate it - or 2/ the MBO will look increasingly attractive to Michael Stevens and his very solid team and their well focused businesses. If 2/ it could hardly be at less than TNAV. I would argue for a premium. steve

[bylow] 25/6/2006 17:13

steve...it will indeed be interesting to see whether the pattern to which you refer will break after the results; if it does not , there would not seem to any incentive to continue to own the shares unless a MBO is on the cards. It seems incredible to me that the market is still uninterested in Artisan.

[sll] 25/6/2006 09:33

mistertibbs - your point in 1068 is 100% valid and has been made before on here. there is however a pattern here. ART tell us each year that the results will be better than expectations and the market does not reflect that (if at all) until those results are actually on the table. at that point, the 'concern' (reflected in the material discount to TNAV) immediately switches from last year to next year, which is inevitably unpredictable given the nature of ART's businesses. there may just be a slight difference this year, however, as dealt with in post 1064 above. steve

[mistertibbs] 23/6/2006 19:40

gjabri what????

[gjabrj] 23/6/2006 16:21

What am I missing?

A D-v-d-n-.


Got it

[mistertibbs] 23/6/2006 16:11

Was the trading update on 10th April just my imagination or what. I thought it said they expected to exceed market expectations yet we remain stuck on this rating. What am I missing?

[edale] 22/6/2006 22:06

Is it my imagination or are we seeing an increasing number of larger trades over recent weeks rather than the large number of small trades, particularly sells, which seem to have been a feature of this share. I am still hoping at some stage soon to see that someone other than MS has taken a 3% holding. I think this will help to build confidence.

[sll] 22/6/2006 17:45

interesting to note a steady trickle of buys at this pricing, despite the ludicrous spread. at this level - ART just has to represent very good value on all available measures. steve

[blueblood] 20/6/2006 10:02

Finals are 1st week of July so I'll hold till then and keep holding only if outlook is good.

[sll] 16/6/2006 17:45

certainly 'till the finals next month by when we'll be looking at a truly cleaned up business, i.e.

yet another profitable year
no more senior management changes (please!)
no more old legal cases dragging on the price
no more excuses re divested activities & their costs etc
two profitable core businesses going forward in growth areas
a measured view of future prospects for the group
a dividend(!)

We'll see soon,
steve

[blueblood] 16/6/2006 14:24

Steve

How much longer?

[p3aks] 15/6/2006 23:41

3 years lol....some of us have been here a lot longer!! not worth selling in my book!!im just going to forget about mine and write them off..maybe one day they might be worth something

[sll] 15/6/2006 21:01

bb - that's just the type of emotion the MMs love, suggest you hang fire. steve

[blueblood] 15/6/2006 13:40

Bloody hell back down to 3.5p. The results had better be good and kick start a long overdur re-rating or I'm out forever. Bored and frustrated holder of 3 years+

[mistertibbs] 15/6/2006 11:06

Or was it a classic, even. Too much early morning gin....hic