Yorkshire Grp. Share Discussion Threads

[cg1953] 04/9/2002 16:08

dennis russell.

certainly imo a share price is the 'barometer' of a company,its assets, and its prospects.

i bought 'yor' in 2000 and saw the price move up in response to the major restructuring that had taken place.
gearing down to zero and a suggestion of a capital repayment and share buy backs.

i contend that management subsequently changed there mind and embarked on a 'costly' and 'ill timed acquisition' spree.my point is that the assets acquired are worth considerably less today.ergo;shareholder value has evaporated/ destroyed.

we have seen what the market thinks.and the architect has now gone.

this company today may now be the most outstanding buy.but in view of managements historic forecasting ability i for one shall give it a miss.perhaps gyllenhammar will bid or buy more.never a good omen when they are involved !!
performing well? is the thread from january 2002; it most definately is not.

[dennis russell] 04/9/2002 15:21

cg1953 - with respect, I wonder if you are equating "destruction of shareholder value" with "fall in the share price"/ Sometimes the stock market gets things wrong, and this may be one of those times. Two years ago YOR was basically a burnt out case, paying handsome dividends from past earnings and valued accordingly for that. Today it is trying to build a global business from a niche position, with interesting longterm prospects. Who could have anticipated the impact of 9/11? I suggest that the return to profit already in the US is some indication that the management can get it right, in very tough times.

[cg1953] 04/9/2002 09:46

dennis russell.
share price falling from a few pounds since 1996.
then major restructuring 3 years ago.
balance sheet improving alongwith shareprice.
price recovering to -80 pence plus 2 years ago.

then a suggested capital repayment together with a share buy back was aborted in favour of a ludicrously 'ill timed acquisition' spree.

price today [approx] -20pence
one of the architects of this, greenhalgh, has just now gone.
shareholder value has been further massively destroyed.
what this company has been saying and what it
actually does[like so many] has unfortunately been
imo miles apart in reality.

[whitie2] 04/9/2002 09:41

we should be looking at at least 30p today and that is without discounting future potential--afterall YOR is a major player, one for the long term I think

[venus] 04/9/2002 00:42

Removed ADVFN DarrenR

[dark matter] 04/9/2002 00:42

VENUS CAN YOU PLEASE LEAVE THIS BB FOR GOOD.

NO ONE IS INTERESTED IN YOUR PYRAMID SELLING SCHEMES.

CASHEVOLUTION IS NOTHING MORE THAN A CON.

YOU ARE NOTHING MORE THAN A CON MAN FOR TRYING TO SELL IT.

YOU ARE CLOGGING UP THE BB AND DESTROYING THE VALUE OF IT TO OTHER POSTERS.

YOU ARE NOT WELCOME HERE.

PLEASE GO AWAY.

[dennis russell] 03/9/2002 23:40

Time for some serious appraisal chaps. This is not a business that has destroyed value. On the contrary, this is a creative force that has faced up to a tough situation in a typical cyclical marketplace, and is doing all the right things. Half its business is now in the US - and it is making money there. Major customers are relocating their manufacturing to Asia - and it is building up there. Europe is the remaining problem for profitability, and it seems to have a well-organised programme fot that too. Look ahead a year, when sales of £120-140M might be expected to be delivering earnings of £5M+. That's equal to around 10p per share. What do you think the share price should be?

[whitie2] 03/9/2002 19:32

did noty the ace master tipseter Tom Whiningfroth tip these at around 49p---this guy could not tip a waiter

[ducatiman] 02/5/2002 21:40

took a small long position today, could be a good recovery play.

[cg1953] 20/2/2002 10:57

yes.gyllenhamer has also been picking up shares in leeds group[ldsg]over the past few years. he is way under water now as the stock has been a really lousy performer.down from -50 to -34 as i write.

[milacs] 25/1/2002 17:07

dennis

Hope you are correct about the USA upturn. I can't see it happening that quickly. I think the cycle is governed by the desire of Bush to be reelected. We are not even at midterm so there is no pressure on improvement in the economy. I think the turnaround will take place in the first quarter of 2003.

M

[dennis russell] 25/1/2002 15:54

yorkshire is now dependent on an upturn in sentiment in the USA. About two or three months to wait!

[milacs] 04/1/2002 18:47

That man has bought more shares one of the reasons for holding the shares.

RNS Number:5042P
Yorkshire Group PLC
4 January 2002

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES


1) Name of company

Yorkshire Group plc

2) Name of shareholder having a major interest

Peter J P Gyllenhammar


3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it
is a holding of that person's spouse or children under the age of 18

Beneficial

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Vidacos Nominees Ltd Designation FGN 1,655,000
Unibank A/S 1,691,255

_________

3,346,255

_________


5) Number of shares/amount of stock acquired

100,000

6) Percentage of issued class

0.19%

7) Number of shares/amount of stock disposed


8) Percentage of issued class


9) Class of security

25 pence Ordinary Shares


10) Date of transaction

21 December, 2001

11) Date company informed

3 January, 2002


12) Total holding following this notification

3,346,255

13) Total percentage holding of issued class following this notification

6.39%

14) Any additional information



15) Name of contact and telephone number for queries

R G Welburn, 0113 2094842

16) Name and signature of authorised company official responsible for
making this notification


R G Welburn

M

[dennis russell] 04/1/2002 18:45

Yes. The question is 'Why have the directors issued so strong a warning about current business?' Perhaps they'll look smart when things go better than forecast? I note that Gyllenhamer recently picked up another 100,000 shares

[empirestate] 04/1/2002 08:26

still remains fundamentally undervalued

[thomas10] 03/1/2002 20:39

your right on there this is a quality stock not like some of the highly ramped s++t I have had the misfortune to have been involved with-----planstations ohh gawd why did I bother when there are gems like these around with a solid and well respected board

[dennis russell] 02/1/2002 20:30

I have bet some money that the board have this time overstated the profit warning, and that their US business will recover faster than forecast.

[milacs] 22/12/2001 11:36

JohnDuffield
YOR was indeed hammered, I watched it plunge on ADVFN. Reason was a profit warning. It is said that profit warnings come in bunches of three, I certainly hope this isn't the case with Yorkshire Group. Incidentally I first investigated this outfit when it was a buy recommendation in Investors Chronical, buying this magazine indeed was another major mistake. I know 'do your own research'.

M

[johnduffield] 22/12/2001 01:31

Milacs:
YOR was hammered 20% at the end of November, which I think was overdone. It's nice to see it rising 4% today (do you know why?). I hope this augurs well for the next month or so. I'm also gambling on a little on overdone doom/gloom that will be brighter next year along with some shift in sentiment away from TMTs. I hope YOR proves a bargain to me and recoups you your loss and then some. But don't hold your breath.

[milacs] 21/12/2001 23:50

JohnDuffield
I hold at a loss. couple of positives, NAV 77p/share, and the Gyllenhammer holding. Otherwise poor outlook over the next 12 months possibly with further profit warnings. Really hope it is taken over, keeping fingers crossed.

M

[johnduffield] 21/12/2001 21:09

I got me some. They're creeping up, a nudge here and there.

[onlysimon] 30/11/2001 16:06

I held this from June 2000 thru March 2001 (6.5p gain) It caught my eye on the % losers list, I consider it a bargain!