Yorkshire Grp. Share Discussion Threads

[cg1953] 02/10/2003 11:05

enochthenocker.
absolutely right on 'ykld'.
i had bt at -55 saw them upto 1-05
and then after 9/11 all the way down
again.had to accept the offer.such a fine
bizness. hard to believe thats its all but closed
with just the border companies operating?
do you follow the textile industry?

i thought he was going to do the the same with 'ldsg'.
it looks like a 'concert party' there.

if you go to 'mpl' 'gyl' seems to have a fan club.
i dont really see it. all smoke and mirrors to me.

[enochthenocker] 26/9/2003 11:01

Didn't realise he was out of pocket, what a damn shame ;-) I moved out of these over a year ago and only watch occasionally.

He played a real dirty hand to take over Yorklyde (YKLD) last year and of course has now closed the main factory near Holmfirth which will be turned into high priced flats, houses and apartments.

[cg1953] 26/9/2003 10:53

enochthenocker.
absolutely right about hanson/white.
owen green at btr also did well in the usa.

however gyllenhammar has lost loads on this.
he bought a vast ammount of stock at -40+.
i estimate his av cost at -20+ now.

[enochthenocker] 26/9/2003 00:54

Gyllenhammar loves closing factories and getting planning for other uses! A greedy, ammoral but clever chap. With some councils in the North being forced by government to free up planning especially on brown he's taking his chances with both hands.

As for the USA! I've one rule for companies that expand (Ha Ha) there - sell or short them. The list of failures is endless - WHSmith, C&W, Moni, Cadbury? Yorkshire etc. etc.
It may be a real ego trip for the directors (taking their mistress or boyfriend to NY or SF for weekend 'meetings') but for investors it's usually a bummer. The Yanks are usually a bit too sharp for our lads.

[cg1953] 26/9/2003 00:06

shawzie.
absolutely right.
this was a company that downsized and restructured 3years ago with a stated view/aim of returning cash/value to shareholders.
they then abruptly ditched that plan and made an ill fated acquistion in the usa at the peak of the cycle that has now all but destroyed shareholder value.

i wonder if there is a case for 'corporate malfeance' against past and present directors and there advisors ?

[enochthenocker] 25/9/2003 14:47

cg1953 - Hanson and White were a real exception. They became Americanised and lived in N.York? AFAIR. Running an American company from Leeds is a no no I'd think. As for Gyllenhammar he never seems to overpay - he and his chums always seem to pick up 'bargains', often little in it for shareholders though.

[hosede] 25/9/2003 14:07

You could well be right Enoch - another Neutron Jack - I am sure Yorkshire's real estate is more valuable than their enterprise and they should sell it all off or close it all down

[cg1953] 25/9/2003 13:47

enochthenocker.
the then 'hanson trust' being the exception.

[hosede] 25/9/2003 11:58

Another horrendous set of results - another restructuring - I've lost track of how many there have been. If my holding were worth selling I'd sell it! What is Gyllenhammar doing? why is he not on the board?

[shawzie] 25/9/2003 11:09

No surprises.
This company should cease trading immediately and any remaining value
returned to shareholders. After contributing to pension fund I doubt if any value would be left for shareholders.
The responsibility for the decline in shareholder value, lies squarely on
the board of directors.
Anyone holding YOR shares is now likely to lose their complete investment.
The only hope is for another company in the same field, to make a takeover bid.

[pacman88] 12/9/2003 18:52

Have to agree with langland for now. What we need is a clearer explanation of the assets of the business and the strategy the company is adopting - what is it going to focus on and what is it going to divest.

[langland] 12/9/2003 11:35

The £2mn profit is gross profit not net profit. Also it seems to have obtained NAV+ for the assets sold so would appear to be NAV neutral at worst without checking the figs that closely. Also, there should be a benefit to the whole group because working capital will not have to be provided. So, altogether, not too bad.

[shawzie] 12/9/2003 11:03

A loss of £30M in the last year end accounts, should mean a hive of activity in trying to turn this group around and into profit. We have seen little news coming from the directors apart from a few small insignificant asset sales which
hardly dents the debt.
Now we are told that a company which produced >£2m profit in 2002 could not be saved from a decline this year - whoever bought it thinks it can.
The NAV of Yorkshire could almost disappear all together next year.

[farnesbarnes] 08/8/2003 08:43

I have a pension problem (don't we all?!).

I used to track the performance of my fund on iii, using their charting package. But this has now vanished.

Does anyone know where I can chart the performance, and some technical indicators of my fund?

tia

fb

[grupo guitarlumber] 07/8/2003 14:27

if we accept that the next resistence level is 10.50p and the support 7p.then its at the top end of its range. It is classied a Sell and it seems therefore to have more chance of going down than going up imho.

[grupo guitarlumber] 07/8/2003 13:12

Current Price 9.50p

NAV/NTAV around 48p

Current Cash position much improved after property sale.

LONDON (AFX) - Yorkshire Group PLC said its Yorkshire Americas Inc
subsidiary has completed the sale of its freehold property at Worley Road,
Greenville, South Carolina to Southern Warehouse Associates LLC for a net cash
consideration of 660,000 usd, or 405,000 stg.
The property's net book value was 590,000 stg at end-December 2002.
Yorkshire said it has incurred additional costs of 65,000 stg in preparing
the site for sale.
The proceeds will be used to reduce group indebtedness.
[e-mail]
kl

Any body know the cash position of today, Is it 115p negative per share?

[grupo guitarlumber] 07/8/2003 13:04

Mr Hulot goes on Holidays(but before he goes he wonders about yonder Yor)

[pacman88] 12/7/2003 00:18

Cant argue with that. Guess my take is that with PG who will start rocking the boat, disposals even at sub - book value should still provide upside. High Risk but like PG's style to date.

[stewjames] 11/7/2003 11:56

NAV may be 25M but pre-ex losses last year were 11M so that NAV is being eroded fast. Plus with the debt reduction deadline looming ever closer and still a long way from being satisfied they're going to be forced further toward sub-book firesale prices.

[hosede] 11/7/2003 11:14

This disposal like the car park in Australia is hardly big bucks! A bit of a disappointment, but perhaps an announcement of the sale of the Leeds property is still imminent

[pacman88] 11/7/2003 09:07

topped up at 9.3p
mkt cap under £5M
NAV £25M
Taking time to realise value but there is value there to be crystallised IMHO.

[washbrook] 11/7/2003 08:45

L2
3 mm on 8p 70k---2mm on 9.5p 60k
spread amongst all mm 7.5p-11p

[stewjames] 11/7/2003 08:23

Disposal programme moving too slowly. They're a very long way short of the 17M debt reduction required by the banks this year.