The Artisanal Spirits Share Discussion Threads

[gjabrj] 17/11/2006 07:43

loganair

well put

[shawzie] 16/11/2006 11:31

loganair
have you attended any of the AGM's and raised your concerns or have you asked the chairman if it is his intention to delist ART?

[loganair] 16/11/2006 00:56

I am really fed up with ART, a share that has gone nowhere for ever such a long time. ART has made a profit over the past two years while the share price has remained static.

I'm still in the firm opinion if ART paid a small dividend the share price would begin to rise, one example the turn around case of Cookson which has started paying a 1.5% Dividend has risen from around £3.50 to over £6.00 in around 1 year an equivalent of ART share price rising from 3.5p to 6p.

As share holders, most hold for either a dividend and/or for the share price to rise, ART is negative in both cases. The directors are obliged to do something to help us share holders. I am not looking forward to another year of the same, NO Dividend with the share price remaining in the 3p to 4p range.

While nothing is happening with ART and NO Dividend, there is no reason for any new investors to come onboard and therefore the share price to rise.

[sleepy] 13/11/2006 22:46

Very unlikely to be the same guy - he is SYMs Technical Director

[mistertibbs] 13/11/2006 19:32

Just read news about sym who have appointed a Michael Stevens to the board. Same guy? No longer a holder as too many snipets of mediocre news when almost 4000 stocks on the market. Will continue to monitor closely

[gjabrj] 09/11/2006 13:46

Lets hope so.

The company has the potential but the management just can't deliver.

A shame and a costly one at that.

[bylow] 09/11/2006 13:28

More tree shaking and a huge spread by the MMs, just like old times! Stevens might just buy in the outstanding shares and go private.

[gjabrj] 09/11/2006 08:11

Exactly, and thats without reducing the shareholders funds by paying out a dividend.

Poor is all I can say.

[nicedude1976] 08/11/2006 12:39

Have to admit that technically it has worsened...

[gjabrj] 07/11/2006 07:53

from final results

We are determined to take the Group forward to a more robust market
capitalisation and believe the platform to achieve this growth is now firmly
founded.

[bylow] 06/11/2006 22:32

Jim,
Thanks for the info.

[jim22] 06/11/2006 21:56

Bylow.

Can confirm East Midlands Housing Market not as strong as newspapers would suggest, most builders in area are offering significant discounts, part exchanges etc. Jim.

[sll] 06/11/2006 18:01

p.s. Seymour Pierce have ART as a BUY with a forecast of 1.94m PBT for the year to 31/3/7. They will presumably revisit their view of the now extended year, when they revert to this stock next time. Their last 5 takes appear to have all been BUYS (the previous one being in March 2006). steve

[sll] 06/11/2006 17:39

Well, these little treeshakes usually yield the MMs some small low-hanging fruit and today was no exception. At its unchanged 3.25p (mid) close, ART is still trading at a whopping 42% discount to its TNAV as of 31/3/6. As its TNAV is mainly comprised of 'freehold land and buildings' and in light of its recent record of quite solid profits, the market is now pricing in much more PBT turbulence than I suspect we'll see come the 31/6/7 15 month results. Bylow - I can't shed much specific light on the East Midlands property scene etc, but the systemic general shortages (mainly South East) are still being referred to almost daily. Also, prices across the UK (apart from the London hotspots) are tending to level out somewhat based on my anecdotal research. I also tend to believe that this present share price gloom must be down to timing and very local factors (cautiously presented) which will even out (again) by the (new) year end. This company (under Michael Steven's command) has a recent record of making quite cautious forward statements and then battling through to a damage limited profitable result. We'll see. steve

[bylow] 06/11/2006 14:08

Is anyone aware of anecdotal evidence of trading conditions in the housing market in Rippons area of operations? The FD has recently informed me that Rippons difficulties in closing sales in HI are the result of tough trading conditions and not Rippons inability to compete with other housbuilders.
I do not live in the UK. The English newspapers that I read daily online are constantly harking on about the deficiency in supply in the housing market and the continual rise in house prices. If the FD is to be believed this situation clearly does not apply in the East Midlands.
Any views?

[gjabrj] 06/11/2006 13:02

Toriel

We have seen similar statements before which were never reflected in the final accounts.

The last one was just before Steven's purchased 40,000,000 shares at a discount.

All a bit fishy imho!

[toriel] 06/11/2006 12:57

Canford Cliffs suggests that:

"...the recent warning over Rippon was a deliberate ploy to keep share price subdued."

However, the issue of a warning with the aim of deliberately manipulating the share price would be against stock exchange rules (and possibly illegal); it would be a particularly stupid thing to do. It's unlikely that the warning was anything other than an indication of tough trading.

[gjabrj] 06/11/2006 09:18

They could buy us and put an end yo our misery!

[redtelephone] 03/11/2006 16:10

What does anyone know about rumoured talks of the takeover of Telford Homes.I have seen nothing in press just what I have heard on building sites.Anyone?

Would be good.This is fits in with our best peforming part of our business geographically.

Pasted their last trading update below.Anyone enlighten me?


Trading Update


Telford Homes Plc issues the following trading update for the year ending 31
March 2007. Interim results will be announced on 21 November 2006.


The directors are pleased to announce that the strong start to the year reported
at the time of our Annual General Meeting on 6 July 2006 has continued with
sales progressing well. In particular, all 179 private homes at our development
in High Street Stratford, OneStratford, are now sold with 175 contracts
exchanged and the remaining four proceeding to contract.


In addition, we have secured an enhanced planning consent at our major
development in South Woodford, Queen Mary's Gate, increasing the number of homes
in the development from 441 to 498. Although we have not yet begun marketing of
the private apartments (the launch is at the end of September), we have already
registered enquiries from more than 800 prospective purchasers, indicating very
strong interest in this development. We have already sold 14 of the 16 private
townhouses that form the first phase of the development.


New land opportunities are continuously being appraised as we seek to extend our
development pipeline; we have recently exchanged contracts to acquire another
site close to the future Olympic Park which we hope to develop in the medium
term.


As a result of successful trading to date, the directors expect the interim
results to be very strong with profits weighted towards the first half of the
year. In addition, we are confident that our results for the year ending 31
March 2007 will exceed current market expectations.

[doshdabbler] 27/10/2006 10:05

ART has never had an institutional investor other than Stevens. Doesn't that tell you all something? It really is time to move on

[shawzie] 25/10/2006 12:59

gjabrj
The lower the market price - the lower Stevens would have to pay for another issue of 40,000,000 if he has a mind to take the company private.
Another issue at say 2.5p (2.75p for last 40M) would bring his investment to about breakeven, when he could walk away from or de-list ART.
I reckon the current NTAV to be about 5.1p, so should be worth holding on.
Forget the past - today and tomorrow is what counts.

[canford cliffs] 25/10/2006 08:04

gj.........I agree, the recent warning over Rippon was a deliberate ploy to keep share price subdued. In the current Bull property market they would have buyers Lining up to buy Rippon and yet they have declined to give us any 'alternative' plan in the event that they can't generate more sales activity themselves!

[gjabrj] 25/10/2006 07:35

shawzie they seem to be keeping the share price down for a reason.

[shawzie] 24/10/2006 19:44

gjabrj
I do not think that Stevens realised the extent of the problems in ART when he purchased the initial stake from Deans.
You are correct with the price paid for the initial investment - 10,000,000 at
11p followed by 16,666,667 at 3p, 3,000,000 at 2.25p, 40,000,000 at 2.75p,
2,000,000 at 3.75p and 500,000 at 3.5p.
Another investment of around £1M in shares could take his holding over the 30%
mark, when a bid can be made to take ART private.
Speculating, could this happen on reaching five years as chairman?

[gjabrj] 24/10/2006 15:57

For 11p a share i think and then had to write millions off intangible assets.