George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Wowsers!! What a rise! Excellent little company!
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12508925.html
Acquisition of Real Shaving Company Brand On 30 April 2015 Swallowfield plc, a market leader in the development, formulation, and supply of personal care and beauty products; whose customers include many of the world's leading brands, announced the acquisition of the 'Real Shaving Company' brand ('RSC') from Creightons plc, conditional on their shareholder approval. The Company is pleased to announce that following a General Meeting held on 27 May 2015 Creighton's shareholders approved the transaction and completion therefore took place yesterday. The purchase price paid comprises cash consideration of £1.0m plus stock on valuation of £0.15m for a total cash consideration of £1.15m. The Real Shaving Company has been a well-established premium brand in the male grooming sector since 2002. Its acquisition gives Swallowfield a branded platform with which to accelerate development of its strategy. The plan is to extend the offering into new products and markets with plastic aerosols and expansion into female shave formations and gifting, thus leveraging Swallowfield's innovative technologies and proven capabilities. RSC products are currently distributed in Canada and France, as well as the UK, and the aim is to maximise these relationships to build on the presence in these markets with Swallowfield's wider product range, particularly with recently introduced brands such as 'Bagsy' and the value retail range 'Tru'. Chris How, Chief Executive, commented: 'We are pleased to have acquired this well-established and well-loved brand which will accelerate the delivery of our strategy and provide opportunitiesto create shareholder value'.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12335045.html
Modest profitability mentioned in results.
what exchange is this traded on?
good chance may get taken private?
having taken a quick look here, the debt looks high. It's improving but it's still high and that puts me off...
pretty much tipped this in an article in the issue out this week. Said great turnaround play with return to profitability in a good sector (beauty retail).
And continues with good news. Results out mid September.
Ged Yep...looks interesting..25% crossed.
Very very interesting!
Swallowfield (SWL) retained its "buy" rating from Merchant Securities, with a target price of 140p. The beauty product manufacturer reported pre-tax profit growth of 13% to 1.3 million pounds for the year ended 30th June, and the broker believes the scheduled new product launches will offset the expected weaker demand in the UK. Merchant also notes that the group's net asset value stands at 118p per share and the equity offers a good yield of 5.5%
Preliminary Results for the year ended 30 June 2011. Revenue has increased by 9.5% despite the continued strong economic headwinds and is now 28% higher than in 2008, the start of the financial crisis. SWL have driven this increase through product innovation, an attention to quality and customer service and by providing cost effective product solutions to our growing customer base. Tight control of total overhead costs together with this increased revenue has more than offset significant increases in the price of raw materials and components and contributed to a 17% increase in earnings per share. The strengths and potential of the group has enabled them to attract high quality Directors and SWL are pleased that Martin Hagen, Stephen Boyd and Roger McDowell have agreed to join the Board. Martin Hagen, a past president of the Institute of Chartered Accountants and Deputy Chairman of the Financial Services Authority's Regulatory Decisions Committee, was appointed to the role of Chairman. Expect the overall UK market background to continue to be adverse for another couple of years but, in anticipation of this, SWL are investing significant efforts in expanding our business outside of the UK, whilst capitalising to some degree on the more favourable climate for manufacturing in the UK http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10969807
Operating margins for the full-year are likely to be around 0.7% lower than previously expected at Swallowfield (SWL), the service provider to global brands and leading retailers announced after the escalation in raw material costs was worse than anticipated. Nevertheless, the group added that it has continued to drive revenue growth in spite of the difficult market background and expects further new product launches in the coming months to continue. Shares in Swallowfield fell 4p to 112.5p.
Gyllenhammar seeks to unseat Swallowfield chairman Date: Monday 14 Mar 2011 LONDON (ShareCast) - AIM-quoted Swallowfield has set a date for the general meeting requisitioned by Peter Gyllenhammar in order to remove Shena Winning as chairman of the personal care and household products supplier. Swallowfield has convened a meeting for 11 April. Swallowfield believes that Gyllenhammar will not stop there and he will want further board changes in the future. Gyllenhammar requisitioned the general meeting through Union Discount, which owns 28.2% of Swallowfield, and he also wants to remove from the board anyone else appointed after 21 February. Plus-quoted investment company Western Selection, which has a 16.3% stake, says that it will support Gyllenhammar. In its interim statement, Western Selection said: “We do not believe that the board of Swallowfield has the necessary mix of skills and experience amongst its non-executive directors and we will continue to work with other shareholders to rectify this”. No other shareholder owns 10% or more, which means it will be difficult to defeat the motion. Swallowfield appointed Martin Hagen and Richard Organ, a past director, to the board in January. This was to assuage the concerns of shareholders about the board. The board has tried to negotiate a solution with Gyllenhammar and Western Selection so that it can retain its independence. These fruitless negotiations have stopped the board from completing a circular to set out its reasons for rejecting the motions so this will be sent to shareholders later. Swallowfield reported a 7% rise in interim revenues to £31.3m and it has a strong order book. Pre-tax profit was 7% lower at £689,000 in the 28 weeks to 8 January 2011. Net debt is £2.47m. There is an unchanged interim dividend of 2.2p a share.
Retailer service provider Swallowfield (SWL) posted narrowed pre-tax profits for the year ended 8th January 2011, despite a 7.4% jump in revenue, due to higher costs of raw materials and components. The group, which provides services to brands and retailers in the cosmetics, toiletries and household goods sector, reported pre-tax profits of 689,000 pounds in the 12-months, up from 741,000 pounds a year prior, on revenue at 31.3 million pounds. Looking forward, the group said it was "cautiously positive" on the 2011 financial year. Swallowfield shares were unmoved at 133.5p.
Could be a wise move to lock in a few more profits here. Results were good but not great, a reaction next session to the results could see the sp fall from grace, dividend is perfect for the institutional holders. Come back in on any weakness and run remainder stock at no cost...
Company notified today that Western Selection P.L.C. acquired 25,000 Ordinary shares on 17 February 2010 and a further 40,849 Ordinary shares on 18 February 2010. Following this acquisition Western Selection P.L.C. holds 1,487,649 Ordinary shares in the Company, representing 13.2% of the Company's issued share capital.
Continued heavy buying in recent sessions in the aftermath of the Finals being released earlier this month. Previous comments still hold regarding this niche player. Might be an idea to follow the buying trend but take profits when presented. Having run up from 55p might be an idea to lock in profits and sell half of holdings run the remainder at no cost.
Not much is known about this secrtetive Icelandic investor, but what is for sure his roots could become more exposed than he would like. Maybe unlike his fellow Countrymen Jon Johannesson and Bjorgolfur Bjorgolfsson, he may not have invested in Iceland's financial institutions so publicly exposed, if he has, expect most of his shareholdings to unwind pretty sharpish.
No wonder share price rising upwards and onwards. The divi has been increased 323% to 5.5p/share, and a nice windfall for loyal shareholders, not a bad set of finals to boot. Worth reading the small lines and between what is printed and what is said publicly. This stock will be a certain earner for loyal share holders.