The Artisanal Spirits Share Discussion Threads

[stud-muffin] 19/11/2007 15:12

I sold out at £1-62 and realistically thought the descision was a mistake but I needed to raise some money - I had £13,000 here.

I do not understand the selloff but have to agree that Aim is becoming very dangerous and I would not reinvest in any Aim stocks again. Sadly I still have a couple and they are just as sick as Art and no divvy!

Keep smiling this one will come back.

[wakeland] 17/11/2007 10:33

AIM definately needs to clean up it's act, there is vast difference between lightly regulated and totally not regulated. It then becomes free for conmen and crooks to operate in completely to their own agenda, AIM is in serious trouble of gaining the latter reputation in my opinion

[gjabrj] 17/11/2007 09:36

CM should have been hung out to dry!

[wakeland] 17/11/2007 09:34

Another AIM stich up under way no doubt, when Stevens took over from Dean he had the opportunity to clear out Dean's toadies, he didn't because toadies probably fit his own plans. I agree cheap MBO looks the likely scenario.

[gjabrj] 17/11/2007 09:08

Total lack of interest in this share and no wonder with the current managements track record.

I see a MBO on the cards at these prices.

[whyohwhy] 16/11/2007 21:54

That is one sick looking chart....and sick is what i would be if i didnt dump my holding 3 odd years back. What a lesson!!!

[bobdown2] 16/11/2007 16:37

bit steep....woudnt like to fall down one of these.....

[bobdown2] 16/11/2007 09:33

it is still a trading company.....it would be nice if it was swallowed up though by someone taking advantage of its depressed share price ( and shareholders ) market conditions are making the graphs of lots of smaller shares look dire but there seems to be no reason to buy these and they will go lower. still holding my few in share certificate form.

[recompense] 14/11/2007 12:08

It astounds me that there are still investors in this share. It belongs in the dustbin of history

[kangaroo joe] 14/11/2007 10:12

Drifting down at an alarming rate - but have noticed one or two chunky buys going through over the last 2 days - 10,000 and 5,000.

[grupo guitarlumber] 27/10/2007 09:26

Auctioned 'Rembrandt' fetches £2m
A painting given a reserve of £1,500 sold for more than £2m at auction after bidders became convinced it was a Rembrandt self portrait.
The work had hung on the wall of a house in Cirencester for several years before being sold in the town.

Philip Allwood - from Moore, Allen and Innocent - said he thought the portrait might be a Rembrandt but its owner said it had been checked and was not.

But bidders who drove the price up to £2m were convinced otherwise, he added.

Mr Allwood said he had to make sure the painting was not misdescribed in the auction room's catalogue.

"When I first saw it I said it looked very much like a Rembrandt and was assured by the client it had been checked out years ago and it wasn't," said.


On the day of the auction both the winner and under bidder seemed convinced it was genuine
Philip Allwood, auctioneer

Deciding to do some more research on the painting, Mr Allwood spoke to the Rijksmuseum in Amsterdam.

Experts there assured him that, while it was of the period of Rembrandt, it was "probably not" painted by him.

He said the auction house was not sure so was very careful not to misdescribe the painting in the catalogue.

"But on the day of the auction both the winner and under bidder seemed convinced it was genuine," Mr Allwood added.

"The buyer who wishes to remain anonymous seemed very relaxed spending that sort of money."

Story from BBC NEWS:


Published: 2007/10/26 18:10:54 GMT

[sll] 15/10/2007 15:50

Although the recent price moves here may prove to be a touch overdone, it is perhaps understandable that this stock has been hit, as it has, in the context of the recent widespread commentary which is talking house prices down. Of course the fact that ART's market rating did not progress anywhere near to 'in line' with its profitable commercial progress over the past 3 or 4 years has been largely overlooked. What did not go up has nevertheless come down. Long term view required. steve

[sll] 05/10/2007 15:49

Well done shawzie, and thanks for alerting me to this option. I have just discovered that your pricing is also effective up to 5k. For 6k, the price goes up to a more understandable 145p. Thanks again. steve

[shawzie] 05/10/2007 15:34

Recorded as a "sell" the 1,000 shares at 143.75 was in fact a "buy" by me.

[shawzie] 04/10/2007 17:19

NAV per share is £2.54 but strip out intangibles and NTAV is £2.24.
At current share price of 143/150, ART should still be an investment to hold
but I would not be surprised to see the share price fall further.

I noticed today that the values of commercial properties in the City are being marked down by 5%, so I do not know if the "revaluation surplus" of £261,684 is
justified or merely helps to increase profit for the period. Certainly if stripped out, then profit for the period is even more disappointing.

In the short term an issue of new shares could make a considerable dent in
the "finance expense" of £933,642 shown in the accounts.

[shawzie] 03/10/2007 16:37

After a brief look at ART Preliminary Results, if taken to an equivalent
twelve month base the appropriate figures would roughly be ;
Turnover - an increase of 15%.
Operating Profit - a decrease of 20%.

The Business Park Division appears to have performed well, with an increase in sales of about 60% and Operating Profit in the region of 15% before deduction of central charges.

The Residential Division performance is poor with an increase of 20% in unit
sales and a decrease in Operating Profit of 30% before deduction of central charges. This Operating Profit margin of less than 10% should also be in the region of 15%.

The present Board has been around for about 5 years and has done a good job in clearing up the mess left by SD but is ART making progress and if it is, is it
making progress quickly enough?

The housing market may be challenging but look at the latest Barratt Results
showing record achievement.

[shawzie] 28/9/2007 12:09

Seems to be a volume restriction this morning on selling this share through Selftrade.

With consolidation in the house building market (Wimpey, Barratt, etc., all be it at the high volume end) it is surely time for Art to issue more shares to raise capital for an increase in rate of growth - particularly in the area of property investment.

Have a look at Speymill (once owned by Artisan) and see how it has grown with
its subsidiary companies now managing several billion dollars of investment properties.

[ariane] 28/9/2007 06:04

Artist can only draw asleep

A man who sleepwalks is a talented artist when he's asleep but can't draw at all when he's awake.

Lee Hadwin, 33, of Henllan, North Wales, can't remember drawing, and can't recreate his sketches when he wakes up.

He scribbles on anything - even walls and tables, reports The Sun.

He said: "I've been filmed to prove it's true. I've tried to do the pictures when I'm awake but they are rubbish."

The Edinburgh Sleep Clinic said he was "unique".

[loganair] 26/9/2007 12:00

I think the problem is the poor sentiment left from the previous management, is still effecting the present and the current share price

[sll] 26/9/2007 11:29

Not as simple as that G. 'Close down' or 'disposal costs' would eat into NAV. This valuation gap will close over time - hopefully via a re-rating in due course, once the dust clears on the housing market and people realise that (yet again) the world has not ended. Right now, sentiment is just so lousy out there, that this is a buyers' market and not one for (other than) forced sellers. I have topped up here this morning. steve

[gizzimodo] 26/9/2007 11:24

How can they be allowed to trade at such a large discount to NAV, NAV gives roughly £2.20 a share ignoring intangibles. I agree the results seem reasonable but if representative of the future i fear the share price will remain at similar levels - if the directors are accountable to the shareholders why not sell all the assets off and return as £2.20 a share. I am reluctant to sell my holding whilst the value exists.

[sll] 26/9/2007 11:14

Actually still quite a 'large' discount to NAV, loganair. Glad to hear you're still on board. I too like the dividend. In my view, a modest and gently progressive dividend (1.2 to 1.5 in this case) is a good discipline for any business - so long as it remains affordable and does not impeded good organic growth. steve

[loganair] 26/9/2007 10:37

Results on the surface seem fair. I'm glad Artisan have decided to pay a Final Dividend, even though it is modest. Hopefully it will make the shares a little more attractive to other investors. I had though of selling, with the dividend I'll hang on for now, not forgetting the share price is still at a discount to Nav.