Zenith Hygiene Share Discussion Threads

[imprima2] 15/6/2007 10:31

heading doon

[hybrasil] 15/6/2007 10:27

It certainly looks as if there is a lot of trouble there

[its the oxman] 15/6/2007 09:30

sold out above 100p myself - agree statement looking necessary now - surprised to see it so low but the market doesn't like all that debt i guess - be interesting to see if things are really that bad when the update comes.

[chazza454] 14/6/2007 13:21

How much more does this need to go before the Company must issue a statement?

[iou1lov] 12/6/2007 14:44

cud be taken over bythe banks? how muuch debt has it got?

[chazza454] 12/6/2007 13:11

New new low ..... definitely in takeover country now!

[kenmill1] 24/5/2007 19:58

Quite possibly. Once a share like this starts falling there is a steady stream of punters getting out just to get something back and very few buyers. Mms don't want to be caught holding shares so they slash the price. The whole thing feeds on itself until an event stops the spiral.

[iou1lov] 24/5/2007 18:48

Maybe another profit warning before that. If that happened , expect 45p?

[kenmill1] 24/5/2007 16:32

The main problem is a lack of confidence/ trust in the management. They have given conflicting statements, delayed announcements, got their figures wrong, lost their FD etc etc and they are cash flow negative until the next financial year. It will need a good set of results and confident ongoing statements as well as a new heavyweight FD before this turns round - or a takeover !

[chazza454] 24/5/2007 14:32

The news has all been about slow to convert the new aquisitions into profit and various other delays etc BUT the underlying business is still the same as when the price was over 150p and at that stage there was a bid in the offing. Can someone explain why this is not a good buy at these levels - surely it is now a takeover target?

[narindg] 24/5/2007 13:36

well I think 87p is a fair price - I am just waiting for my dealing limit to come back and I will buy - this will settle around the £1 mark

[imprima2] 24/5/2007 13:29

---rick fo antuther profitw arnidg

[narindg] 24/5/2007 13:29

where is the bottom for this one 80p, 70p?- looking to buy a few

[wasbenson] 16/5/2007 19:44

This is an unmitigated disaster. This company has gone from anchor to w%&^$% as Sir Allan would say,

[chazza454] 16/5/2007 19:13

MartinC IF and its a big IF the mess in now behind the Company and your eps is correct what would the share price be now if the sentiment wasn't so bad due to past errors?

[kenmill1] 16/5/2007 17:25

On 30th March Ringo Francis stated
" The Board continues to be fully focused on working capital and the Group's net debt position is still on track to be below the levels of January 2007 by the year end."

On 16th May - less than 7 weeks later he states
"The Group is committed to implementing further plans to improve and manage working capital, however, it is envisaged that the improvements will not be realised until after the year end.
Consequently, net debt is expected to increase from its current position by the
year end before these improvements take effect."
They are clearly not in control of their finances and until they get a heavyweight FD, who may yet find more nasties, this company should be avoided.

[martinc] 16/5/2007 16:02

It might be a bargain! If you take it at face value, ie that things will be much better next year, then it looks pretty rosy. But they seem a bit accident prone, and there have been too many "jam tomorrow" statements, so a lowly rating is probably deserved at least for another 6 months.

If you take out the exceptionals (assuming they really are non-recurring), then eps was about 1.2p vs 0.3p last time, roughly speaking, which is progress!

Need to watch that debt though.

[chazza454] 16/5/2007 14:56

There is nothing in this RNS that effects the long term prospects but there has been too many hicups and many punters have had enough. I was planning to sell myself once it got back to upper 120's through boredom but now look to be in for the longer term. At these prices it could well be a takeover target.

[bullycorp] 16/5/2007 14:16

Is it a bargain at these prices?

[its the oxman] 25/4/2007 21:25

feeling forgotton by the market anyone?