Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Surely someone out there will snap up this company at bargain basement price to leverage its brand name, history and unique position?
I doubt it, I suspect Phoenix are happy to let the debt play out and care very little about the share prices. They/Board don't make any great effort to market the business in way to drive the share price or interest of private shareholders. It's too early by many years for them to consider a trade sale. There's not anything that's going to attract an institutional investor in terms of growth. It's at best a recovery play....at a very early stage as the Board has said itself, that's not attractive place to sell, you want to sell at the point it's gone ex-recovery. It's just not in a dynamic sector and too small to attract another PE recovery player. I'm afraid it's going to be a very long slog. That's no great problem for them, but don't expect much from the share price for long time. Recovery players think in term multiple, sell any time soon and they'd be well under water. It's a bottom drawer...5 years.
Andy, I agree with you, but the problem will be that Phoenix - the main shareholder and banker to the company, hold 58% of the shares so it will have to be at a good enough price to tempt them. They have also reiterated their wish to be a long term holder a number of times. That 58% cost them £19.45m a few years ago, and given the current company is only worth £13m they are unlikely to be wanting to sell at these levels.
With businesses now slowly reopening again, and the UK Government about to pump a lot of money into the theatres and entertainment industry, London will hopefully soon be a destination again both for work and pleasure [SG is based in what is locally known as 'theatreland' in London]. Added to this, Stampex is on again as a live event in September, and other shows and exhibitions will also restart. This means SG will be able to stock up and increase their trading again.
I think as their internet sales were strong over this COVID period that you will find the company has probably been treading water over this time. Post COVID, I am hoping to see them moving into the black again fairly fast. As that happens their share price should increase markedly otherwise you're right - they will end up as yet another prime British asset that gets sold off to a foreign company. A few years ago these were trading over £3 a share so certainly the potential upside is colossal.
You should read the company's RNS's from around 2017 - 18 as they are highly relevant to the current situation and will give you a much better appreciation of what a mess they were in a few years ago. That legacy position is behind the company now, but it is best to read those updates to understand the situation. Good luck with your investment.
"prime British asset " LOL I love this thread, you mean like one of our too-big-to-fail banks or Glaxo, which I think you believe is a "dog", or one of our great AI companies, that kind of prime asset. I wonder if they'll get mentioned in the budget for special treatment? HMG looks to re-start the City by changing the IPO rules and wants to make up the hobbyist centre of the globe hahaha - Honestly. It's a laugh a minute. Glaxo a "dog", SGI a prime British asset LOL hahahaha - thanks for the giggle.
Absolute fantasy hilarious!
Welcome again to ex-ARB shareholders who are amongst those helping to lift these shares. Let’s hope we go up a bit further soon as more get behind the company.
A deluge of biblical proportions......hahaha.
It just gets better every day LOL I used to check the Calvin & Hobbes twitter feed for a morning chuckle, I come here instead now.
I wonder if SGI will add it's new "Greeter" to it's intangibles? :)
How's this comment working out for you Pearls:
"£3 a share by end of the week? Delusional but there seem to be many on here suffering.
£2 max is more likely, you’re all afraid to admit it."
Funny how trolls go quiet when they get it so, so wrong.
What have you been up to Pearls? All these new ARB converts to SGI don't sound that happy!
Guys, calm down and settle into years of waiting for SGI to turn it's self around. Chill LOL
Devon, I have been biding my time whilst all these new ex-ARB buyers come in and push up the price. Although there’s not many trades per day currently in SG shares, there’s a fairly clear upwards trend developing now, I see this going much higher soon.
As I have said before: welcome to all the new ex-ARB shareholders!
"I have been biding my time" LOL You've been calling the imminent recovery for year, so I guess you have :) hahaha
I’m actually considering buying a few quids worth today Pearls just so you get to see a trade ;) I mean I thought it would be a struggle to ever get below 2 but you never know today maybe that day !
Jupitar, it seems I was right then? Arb has finished the week much nearer £2 than £3. Friday’s fall to 220p was hardly good news for shareholders but can shareholders be blamed after such a strong run?
Clearly ex-Arb shareholders are now actively looking to get out and find the next bargain. No wonder so many are on here.