The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
1476% premium for just over half a million new shares is significant when your total issued shares currently is 6m.
I'm no expert on these matters but we have some new shares at a massive premium, is that correct? Conversion of £5.2 million of the outstanding Convertible Preference Shares by the Investors into 554,666 new Ordinary Shares at a conversion price of £9.375, representing a 1,476 per cent. premium to the closing share price as at 18 June 2015;
TBH only been posting on a handful of shares but been in and out of STY over the years and the preference share issue has been holding both the company and the share price back.... no longer!
· Revenue up 3.2% to £97.0m (2013: £94.0m) · Gross margin increased to 8.5% (2013: 7.4%) · Operating profit up 50% to £1.8m (2013: £1.2.m) · Underlying* profit before tax up 200% to £2.1m (2013: £0.7m) · Profit before tax £0.6m (2013: Loss £0.5m) · Earnings per share at 3.2p (2013: Loss 11.7p) · Order book at year end increased 20% to £79.9m (2013: £66.5m) · The order book at week 23 for FY2015 is £103.0m, 23% ahead of prior year of £86.3m
Yep Recall this from last year Will see what effect rns has All the best and hope ur well btw... Haven't heard from u in a while!
finally managed to get a small amount of shares after 5 mins of non-stop trying
Great RNS - although I have to read it a few times to fully understand but obviously the long term cloud of the preference shares appears to have been sorted - the balance sheet strengthen - and STY now has a 27% shareholder... I don't pump shares BUT it wouldn't surprise me to see £1 today.... gla
Hows it going here since PB came on the scene, your white knight savior or dilution expert?
getting new work but not paying subbies - clouds on the horizon
great news
how to refinance the prefs? getting closer to day of truth
that refers to the operating profit - I still think a lot of work to do to get to net profit or even profit before tax. However, a far greater concern is the cash level - STY moved from a net cash position to a net debt position. I do hope they can continue on their path though as the only way to progress and improving the company is by winning more contracts (like today!) - I really do like the company but will see how market reacts...all the best mate and happy holidays.
Revenue is up in H2 and they are already at breakeven for underlying profit in H1.
where does it say they are about to return to profit?
The new £18m contracts announced today are worth 3x the current £5m marcap alone.
Hugely under-valued stock. Doing £100m+ of annual revenues, about to return to profit, confirmed today a big £18m banking ATM contract -- and all for a tiny £5m marcap.
seems like you have some dealings with the company i also am in construction when have we ever been payied on time
styles have won another 3 mil with waitrose
S&W have also been appointed project manager for a major RBS ATM roll out which is due to start imminently. Trouble is that despite their promises, they are still very poor at paying their supply chain promptly which could jeopardise the success of the project. I have sold my shares in this company as I can't see them improving their profitability with a resulting boost in the share price.Good luck to those still in.
looks like we no now who the atm role out contract was for lloyds must be worth a few million
Nothing special - but seems like the company now feels it is the "right size" to benefit from expected upturn in 2015 (were have I heard this before?)... maybe a small bounce today?
styles has won a 8 million contract with lancaster libery
this job seems to have grown it was 4.1 million on winning but now seems to be 7.1 million if correct thats a big increase so should be showing a good margin
i think this is just the begining
Great news here for us longs,,,,,,,,,,,,,:-) IMO