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Thanks for the advise I guess if it can go down so quickly it shouldn't have a problem going up a little
I have no clue probably best to play safe on this one before lose even more! I guess your in for the long run now
Hello Tommyyy663 This share is grossly undervalued, can see this share as an opportunity to do reasonably well in the future,not sure when,but i personally won't be selling,but it's up to you to decide your strategy.
I'm down almost 50% since I bought after the first collapse. The news blackout is extremely concerning. Why no updates on the business performance. Why no reassuring word from the BOD? Why is the share price dropping like a stone?
Hello, can you see this changing? Im down 15% and don't know if you cash out now?
absolutely appalling management for allowing this to happen. no updates or communication to market - just a complete blackout,...
down almost 15% since last Monday now. closed at 43 - been in some dodgy shares, but this is up there amongst them
giving a market cap of just over £61 million...... never thought it would go this low , but now thinking 30s are clearly very possible. no communication from the board in a quarter of a year, bar a piddling property disposal. really earning their big bucks , aren't they?!
complete and utter lack of leadership and direction like you say.
See Bill, Ernie and the gang performing with as much leadership as the GOVT ... lol .. muppets
today. Armitage should resign over this debacle. a market cap of £62 million now.....!
Things certainly not looking good but im going to wait for the BIG PLAN they must have one and news on that has to be close.....so for that reason alone im holding lets see what they have to say....
I threw in the towel last week, a serious percentage loss. Unfortunately, the RNS didn't bring any significant news on next steps.
last week alone, on top of all the other falls - relentless. down again today - now sub 45p! Armitage and the other directors have severely let down shareholders here. they are probably hoping someone will come in with a takeover at 60p which they can argue to shareholders represents a great deal. a nice pay off and they're done, off to wreck another company, no doubt. I reckon a great management team could eke out lots of value, but this bunch are utterly incompetent. 3 months since they announced the strategic review, and not a word!
Announced today at 12.5% discount to book value to pay down debt. Unless cornish property prices have tanked, does not sound like good deal.
Has clearly thrown in the towel today. Don't blame them or you - there is no leadership or direction from Armitage. The business is clearly struggling , and yet there is nothing to report on this review after almost a quarter of a year! Shocking on all levels .
yup, I bit the bullet and took the loss, this lot are a bunch of muppets ...basically said nothing at all, so dont even update on their review, this is on its way out IMHO.
Crashing again today.... Around 5% currently . This company is going one way under Armitage. Why aren't the institutional investors demanding change?! Think that's a new 8 year low today. Almost 3 months since the 'strategic review' was announced and just silence.....shameful behaviour from the BoD
Well I guess that's down to the results over the next 6 months.
Needs to be sacked. Atrocious performance from them - that article in Printweek sums up the situation .
It's not just the company which has been silent. For two years up until 8th March of this year the Brokers' opinions were "Buy". Since 8th March not a word from any of them. It is to be devoutly wished that there is nothing nasty lurking in the bushes.
Hi all, not invested in this company but work in this sector and thought this might but useful for you - news that has been released It is more than two months since St Ives chief executive Matt Armitage announced a strategic review was underway, effectively putting up a for sale sign when he pledged to take decisive action over its “legacy businesses”: £68.6m turnover book printing operation Clays, and the £154.8m turnover Marketing Activation division made up of SP Group, Service Graphics, Tactical Solutions and St Ives Management Services. At the time Armitage said: “This is a priority for us in the months ahead and we will continue to report on its progress,” but since then a wall of silence has descended on the business, while its share price has fallen even further to a new eight-year low of 48.4p. Speculation is also mounting about a number of important contracts currently held by the group. PrintWeek has learned that St Ives has already lost its print management contract with HSBC, which is understood to be moving to Communisis. In addition, two of the group’s major point-of-sale contracts are up for renewal this year. The Sainsbury’s work is out to tender at the moment, with the retailer understood to be close to making a final decision on its future supply. Sources close to the situation believe St Ives is likely to lose out. “Ideally they [Sainsbury’s] want a roster of suppliers,” a person familiar with the situation said. Later this year Marks & Spencer will also go out to tender. St Ives was awarded a long-term contract with the retailer to supply all of its point-of-sale requirements back in 2005, when it also acquired the M&S inplant print facility in Burnley. That site was closed in 2015. Book printing operation Clays lost its HarperCollins contract to rival CPI earlier this year, and is also facing an upcoming review of the substantial contract for book publisher Hachette. The HarperCollins contract expires next month, while Hachette runs until next year. A senior industry source said: “Any buyer will want comfort from due diligence that the contracts are going to be renewed. The uncertainty over these contracts probably explains why St Ives has not yet been able to announce a sale. It does not sound good.” Armitage has not responded to requests for comment. When the review was announced he also said the group was taking action to reduce costs and improve efficiencies. The PLC has mothballed the screen printing lines at SP Group, and made an unspecified number of redundancies at the Redditch business. Local sources said there have also been redundancies at Clays, where St Ives is understood to be pushing for a move to seven-day working. Hope it turns around for you GLA
Really shocking what Armitage and his cronies are doing to this company. Would have thought that the institutional investors would be clamouring for his head by now
Last year there was an update at the end of April on eight months trading to the end of March 2016. The company or their advisers should be requested to provide an explanation.
Months since the half year results and nothing at all to report from Armitage! The man and the rest of the board need the sack. They are masterful at destroying shareholder value, but nothing else as far as I can tell