The Artisanal Spirits Share Discussion Threads

[bofdin] 25/7/2006 15:05

OTCBB: SGLS had huge news afterthe bell...LOOK at this deal! They are directly involved with the production of the 2006-07 High-powered (530 horsepower) GTO! Watch SGLS real carefully!

[canford cliffs] 25/7/2006 14:48

6.5p would be nice;


Artisan (UK) PLC
25 July 2006



ARTISAN (UK) PLC

GRANT OF SHARE OPTIONS

Artisan (UK) plc announces that under the authority allowed in the existing
Approved and Unapproved Executive Share Option schemes, share options were
issued to the Executive Directors of Artisan (UK) plc on 24 July 2006. The number
and terms of the share options were carefully considered by the Remuneration
Committee and issued to help ensure that the interests of senior management of
the group are aligned with those of the shareholders. The Remuneration Committee
believe that a principal interest of the shareholders is share price growth and
accordingly the exercise of the shares is conditional upon share price growth in
Artisan (UK) plc. These share options form the third and final tranche of a
share options programme previously agreed.

The options granted to the Executive Directors are as follows:

Name Share options Exercise Scheme
granted price Conditions
24 July 2006

Chris Musselle
916,666 3.75p Unapproved a
916,667 3.75p Unapproved b

John Jones
500,000 3.75p Unapproved a
500,000 3.75p Unapproved b

Mr Musselle is now interested 758,853 ordinary shares in Artisan (UK) plc,
representing approximately 0.23 per cent. of the issued share capital, and a
total of 7,499,999 share options including those announced above. Other than for
1,500,000 shares granted in May 2000, all of his share options have performance
conditions attaching.

Mr Jones is now interested 220,000 ordinary shares in Artisan (UK) plc,
representing approximately 0.07 per cent. of the issued share capital and a
total of 3,500,000 share options including those announced above. All of his share
options have performance conditions attaching.

Conditions:

a. The Exercise of the Option is conditional on the closing mid-market
price of an ordinary share exceeding 5.50p ('the threshold price')
for a consecutive period of 90 days prior to the third anniversary
of the date of grant. These options may be exercised between three
and six years after the options were granted.

b. The Exercise of the Option is conditional on the closing mid-market
price of an ordinary share exceeding 6.50p ('the threshold price')
for a consecutive period of 90 days prior to the third anniversary
of the date of grant. These options may be exercised between three
and six years after the options were granted.

[mistertibbs] 20/7/2006 06:51

Thank you steve. Despite my lack of litercy skills, I hope I am able to convey my message with sufficient clarity

[sll] 18/7/2006 16:05

well put Andy, steve

[mistertibbs] 18/7/2006 10:43

Not much more I can add to all of that. I did not consider lack of house number growth in my initial research but was more concerned with the fact the difficulties of the past appeared to have been resolved and the only real obstacle for housing is and as usual, continues to be the usual suspects of land bank, housing demand, costs, available labour, consumer demand and so on. There were previous mitigating circumstances and sadly, I did not go back as far as 2000 to check things out.
Art has 2 strings to its bow so housing isn't the whole story. They appear to be doing ok on both fronts and would personnaly be delighted at organic growth of the figures mentioned.
All small housebuilders are sadly going to be at a larger discount I feel to the big boys unless consistant growth can be shown. I feel art is doing the right things and the longer it continues in this mode, the larger the attention will become.
I hold and accumulate in confidence.
Andy

[sll] 18/7/2006 08:47

guys - sales growth will always be a lagging indicator to land bank and WIP growth here. the latter group (land bank and WIP) has surely started to grow steadily (as has the geographical coverage of Rippon) with the moves carefully made over the past couple of years to date, during the early part of which ART was initially still materially restrained by the now 100% resolved legal matters. I am less gloomy at present 3.75p mid-pricing and still call this stock undervalued at anything much less than 4.5p. will review that view post AGM and interims etc. steve

[bylow] 17/7/2006 21:12

shawzie........the jury is out...will expect a good return on the investments.

[shawzie] 17/7/2006 19:22

Bylow - what can we read into the Chairmans recent remarks?

" - - - - forward to a more robust market capitalisation - - future progress will be led by organic growth - - - - - - other opportunities - - - invest in further outlets to provide more sales opportunities - - - - - - investment in land of paramount importance - - - sales opportunities in future years."

Perhaps more share issues and retention of profits ?
Would organic growth restrict growth to, perhaps 20% per annum?
Other opportunities, larger and more adventurous property developments?
Are further outlets merely more sales offices at building sites?
Funds being used in building a land bank rather than increased output?
Is the emphasis on future years rather than growth now?

Does it look as if M&A is no longer on the ART agenda for faster growth?

To be fair to Michael Stevens, he has put another £1.1M into the Company and
that should reassure RBS when funds are drawn down on the £20M facility
available for the purchase of more land, which could increase the rate of house building and other developments.

Over the past three years, sales have perhaps fallen slightly but profits and nav have kept improving. Perhaps a clearer picture will emerge with half-year results and relevant questions could be asked at the AGM in a few months time.

[bylow] 17/7/2006 16:27

Rippon Homes is still not selling significantly more homes than it did when it was purchased in 2000 and that is apart from the number of homes that Artisan was then selling under the Living Heritage partnership,now dissolved. Share prices go up if the company grows. We haven't yet seen the evidence of growth from the new investment that Artisan says it has committed.

[mistertibbs] 17/7/2006 00:02

Bylow, your final 2 lines have had me thinking seriously for once as that is an excellent point you make. I still look at other housebuilders this year alone and consider art has done well.

But you've made me think and I love it. Like to have my positive feelings tinkered with, so to speak.
Andy

[bylow] 12/7/2006 15:12

That 50% is the correction after the oversold position and reflects in part the gradual improvement that occurred in the outlook for the litigation against the company. I was expecting a lot more to that correction. The share price is still significantly undervalued. However, as good as the finals are, they were no better than advised and there is nothing dynamic out there to attract fresh interest in the stock. Perhaps the company is too small to make much money for shareholders from hereon. I would like to be wrong.

[wiganer] 12/7/2006 14:26

Re post 1144- 50%+ per annum uptrend doesn't seem particularly feeble to me. I'll be happy enough with 50% return for a year's holding.

[nothinventured] 12/7/2006 13:14

agree the management team should be kicking the PR team up the proverbial to get something in the press and we note them to pick up some shares to get people's attention

we also need good quality posts on here

[bylow] 12/7/2006 12:51

A pretty feeble uptrend, nothing to attract much outside interest . The market makers spread does not help

[sll] 12/7/2006 10:32

The 2 to 3 yr graph at the head of this thread is quite self-explanatory, and is supported by ART's commercial and financial progress. I concur with Wiganer's post 1141. steve

[mistertibbs] 12/7/2006 09:56

LUDERITZ....I first looked at these this time last year and they were 3p then so don't quite get your point?

[wiganer] 12/7/2006 08:48

It's been in an uptrend for 18 months, and I would expect that to continue.

[luderitz] 12/7/2006 04:50

So if this lot are such a good outfit when's the share price going up do you reckon?

[sll] 11/7/2006 21:01

now there's a shock! (can only agree 100%) steve

[nothinventured] 11/7/2006 16:40

samuelhogg - 11 Jul'06 - 16:26 - 8224 of 8227


FOR nothinventured - 11 Jul'06 - 16:07 - 8215 of 8223

Artisan - Full year numbers
Full year numbers from Artisan (ART) this morning, exceeded my expectations. A 24% rise in pre-tax profitability to £2.6 million was accompanied by a 28% rise in earnings to 0.77p per share, compared with my forecasted 0.65p per share, whilst shareholder funds are now up to £19.1 million. I am delighted by this result. 2005 had been viewed as exceptional, in that it benefited from a large commercial sale late in the financial year that contributed significant profits and brought forward profits expected for the year to 31st March 2006. However, were it not for one-off employment costs of £300,000, operating profits in 2006 would even have exceeded those in 2005.

The core businesses - business park and housebuilding subsidiaries - are performing well and the group is continuing to invest funds in the acquisition of development land. The resulting increase in outlets will provide the basis for the growth of the group. The current year has started more positively in terms of sales reservations for Rippon Homes, though margins are under increasing pressure in the absence of an improvement in house prices in the regions in which it operates. Meanwhile the commercial business park subsidiary is also achieving success in securing further outlets.

Demand may have slipped back from the initial excitement that heralded the New Year, but I remain confident that the overall picture remains broadly positive, albeit highly variable on a week to week basis. The results for the year to 31st March 2007 will be reliant upon the market demand in the key sales seasons of the Autumn and New Year. Rippon Homes enjoys a low exposure to buy-to-let investors, and its houses are attractive to the more traditional buyer. This means Rippon does not operate on a high percentage of forward-sales and, whilst it is therefore difficult to forecast sales volumes, it does allow pricing to respond to market conditions and take advantage of positive movements.

The past year has seen the group demonstrate the ability to return a good level of operating profits through its operations and enhance the prospects for future years. With the resolution of the litigation with Infiniteland found in favour of Artisan, a burden has been lifted from its shoulders and has provided some recovery of funds, further contributing to today's excellent results. The strength in the net asset value underpins the current share price - after deducting intangibles from shareholder funds, we are left with a figure of £16.57 million, worth 5.15p per share. For the current year to 31st March 2007, I think Artisan should be aiming for pre-tax profits of £2.1 million, equating to earnings of 0.6p. I spoke with CEO Chris Musselle this morning and I am now confident that Artisan has reached a point at which it will continue to sustained profitability coupled with good levels of growth. Value will out and with the shares trading on a current year earnings multiple of 6.25 together with a 37% discount to assets, I think it is time to upgrade my stance. At 3.75p, the shares are, at up to 4.25p, a buy.

[nothinventured] 11/7/2006 16:02

does anyone have access to t1ps?

[nothinventured] 11/7/2006 16:02

does anyone have access to t1ps?

[sll] 11/7/2006 15:53

2 years on and still undervalued. 2 years ago it was my 'opinion' when starting this thread. Now it is surely 'fact' on all the available data and analysis. the latest results speak for themselves and the cautious comments looking forward are entirely as predicted here. steve

[nothinventured] 11/7/2006 15:50

off infoex

ARTISAN new buy on TWs site