William Sinclair Share Discussion Threads

[boonkoh] 05/11/2014 09:43

Prolonged silence is normally not a good sign. With challenging brands driving softer demand and unusual weather over the summer and autumn impacting production, I'm expecting a profit warning at some point.

[coolen] 04/11/2014 22:21

Dilution for Ordinary shareholders could be massive, but my guess is that the convertible holders will not pull the rug.

Maybe they'll parachute-in a new CEO with huge equity options.

[castleford tiger] 04/11/2014 19:03

Another low.

Is the debt pile too big.

this could go trumpy.

Tiger

[coolen] 09/9/2014 11:27

Thanks for that, Hastings.

[hastings] 08/9/2014 15:23

A few thoughts that may be of interest to others taking a look

[boonkoh] 27/8/2014 08:27

Looking at last year's trading update in Sep, it looks like rainy weather in Aug and Sep affected peat harvesting volumes. Looks like we've had a poor Aug as well this year.

[callumross] 08/8/2014 15:28

Sign of life in this basket case at last, what with the new facility and the influx of cash. Net tangible asset value now up to 138p on my calculations but of course that is relying on the board not making another rickets of things again.

[coolen] 25/7/2014 20:58

After last year's astonishing excuse that the hot summer of 2013 was too wet for them, any view as to what excuse they'll give for the past 12 months, where we've had a pretty good abundance of everything ?

[18bt] 25/7/2014 15:26

Yes - this looks deep value IMHO!

[bones30] 25/7/2014 15:03

Anyone interested here?

[18bt] 01/7/2014 15:29

Sorry - you are right: I thought they had accounted for almost all of it, but it was only the £9m cash received that is already in there.

[the troll] 01/7/2014 14:36

but doesn't NTA rise to c. £23.15m, ie, £10.9m @ 31.3.14 + £12.25m ( or c. £1.35 ps ) when they bank that £12.25m on 1st August, or am I missing something ?

[18bt] 01/7/2014 12:15

Better than expected, but insufficient info here even to have a stab at forecasting year end results and not aware of any independent forecasts. So best guess is just bettwe than breakeven for the year, with some profit next year. There really should be quite a lot of operating cost efficiencies to drop out, but market will want much more detail at the year end to move this IMHO. At around NTA, the share price could be good long term value.

[boonkoh] 30/6/2014 10:06

Compensation was surprisingly good. But fundamentally this business is in the ropes. Both consumer and trade products struggling in the market. Problem has been branding/market positioning, product quality, and pricing.The first will take time to rectify. The second will result in lower margins in the short term.The third will also result in margin pressure.For me the business will struggle to make any good headway on improved trading till towards the FY15 results, so I'll be monitoring and picking a better time over the next 12 months to invest.

[somerset lad] 30/6/2014 07:16

Good to see the compensation claim resolved, but I'd have liked to see the money used to pay off the convertible: 5 years interest compounded at 10% is £5m.

[the troll] 26/6/2014 10:20

they'll have to announce interims tomorrow or Monday or they'll get suspended. last year = 10th June.

[cjohn] 20/6/2014 09:08

Hi Arthur, thank you for your clarification.

[coolen] 03/6/2014 23:07

The recent placing of convertible stock allowed the institutions to sneak a man on the board.

Given the poor management to date, this may (may !) mark a turning point although I personally suspect further equity dilution will occur.

[arthur_lame_stocks] 31/5/2014 16:51

CJohn

I think the £9m is shown as a liability because the property is still shown as an asset. Once they've completed the deal with Natural England I assume this situation will reverse. That's my understanding of it anyway.

[castleford tiger] 30/5/2014 13:55

Management is poor.

look at all the reasons why they have done so badly.

Avoid until its changed.

tiger

[cjohn] 28/5/2014 12:13

These have flashed up on my screen for companies in distress. I take a look at most companies trading at a discount to tangible assets.

I wonder if those with experience on the company could explain why the 9 million from Natural England is on the balance sheet as a liability?

Also I'm rather baffled how increased demand could upset the re-development at Ellesmere. Is this just another feeble excuse for managerial incompetence?

[emeraldzebra] 21/5/2014 15:48

Hi again Eezy. Am told that news on Natural England is expected ''shortly'' but that even if it is positive - still unlikely to stem further erosion in the Share price. Sorry to be bearer of bad tidings - but we are getting used to it on this one !

[eezymunny] 21/5/2014 12:20

Well any info would be useful emerald.... I looked back to the 2010 accts so see how the accounting was done. It's somewhat confusing!

[emeraldzebra] 21/5/2014 12:00

v good question and i have a good source of info on this and will revert soonest i have something. death by a thousand cuts i feel - if this award does not come through.

[eezymunny] 21/5/2014 11:56

Anyone know how much they think is possible from the Natural England thing? £9m paid ages ago and they hope tribunal will award more - but can't find any ref to what their advisors think it should be?