Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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happening after all..
Nothing happening at all.. Roll on end of year..
Something is happening here... Must be news of planning perhaps. Lots of good vibes.
Nice safe place to ride out the storm....
Railway fixed. Summer on way and announced profits in accordance to expectations.. Must be some news on planning soo too. Think this is turning the corner..
I owned and operated a plane... People hate airports unless they want to go on holiday!!
Hi, you do have some good points and maybe I am a little biased, but at least we both have wolf, which everyone aggress is probably one one of the best companies to be involved with. As for the weather, there is no let up, so bring back that airport. Lol
Thanks for your post. The problems with airports is that they take a considerable amount of land and returns are often too small without lots of freight and passengers. I agree the loss of an airport though has a direct effect on the surrounding area. The council owned Ipswich Airport was 9 miles from the biggest container port of Felixstowe with no alternative closer than 50 miles and yet they closed it. Today the local economy shows the effect. In Norwich the whole area and its surround is noticeably more buoyant. Sadly the airport is a mass of houses, school, restaurants and out of town super shops and the town centre has died a lingering death. But for investors in the development company it has been a cash cow. As an investor here I remain convinced that the airport is finished in Plymouth but it will take time to ensure its demise. In years to come like Ipswich it will be seen to have been a mistake perhaps but SUH will have trousered a good return and me too. Sadly I am going to swim with the tide for once and just bite my lip over another closed small airfield. Good luck with the weather in the next few days.
Hi, I saw your last post on WLFE where I'm invested and your mention of Sutton Harbour made me have a look here. I live close to the mine in Hemerdon. I cannot see the council ever letting SUH build on the whole of the Airport site, I don't believe the government would like this link closed for good. Bristol Airport would be in favour of this link as well, as it has been a cost to them, from onward travel. There is hope that at some point, the airport will reopen as this is such an important link to the rest of the country and further beyond. The government are very aware that business thrives on reliable links and therefore permanent closure would be a nail in the coffin for the city.
I have read the press cuttings on the airport closure but a few small airplanes will not surely solve the problems of the rail closure. At some point the track will be restored. At some point too the weather will change and for those that are swimming in flood water I sympathize. Surely though if the council wants to reopen the airport then they will have to buy back the lease. The losses caused by being unable to fish though is serious if the fishermen begin to suffer severe cash problems. I still think SUH is small enough to duck and dive here..
The poor weather will cause reduced landings for the fish market, but really this is of least concern. The storm destroyed the railway line which has underlined the city council's resolve to see Plymouth Airport re-opened. SUH and the council have a worrying divergence of opinion here, with SUH's hypothetical roadmap for developing the site appearing optimistic to the point of being unrealistic in the face of the council's continuous assertion that the site is to remain as an airport.
When I bought a few of these I did not expect the weather are currently getting. With no sign of these storms abating does anyone have first hand knowledge of how the harbour is fairing. Thought it would be fun but now its turning me grey...
This promises to be a fun share for next year. Now they have a yacht race!!
The rns yesterday has been seen to be quite positive. This company has some very good development projects in the pipeline and waterfronts are becoming quite desirable. It will be a while before we see the full potential but it promises to be a fun holding with the ability to go and see it!!
Have had these for a while now and its nice to progress at last... Happy to just let them get their plans together,,,
I would think that property price increases would be feeding into the share price, it hasn't happened yet, but I think it will.
Worrying divergence of opinion between SUH and local authority. Preliminary results bullish, stating: "Realisation of the former airport site is a key priority, which has the potential to deliver a step-change in Company finances and the Company is working towards this goal" Authority insist site will remain an airport for future use: "we intend to preserve the airport as part of the Plymouth Plan that we will be publishing next year". I am losing confidence. Future of SUH appears increasingly reliant on a very uncertain outcome.
AIM-listed marine and waterfront regeneration specialist Sutton Harbour posted a decline in revenue for the six months to September 30th prompting a sharp decline in its share price on Wednesday. The Plymouth-based group's interim results showed that revenue had fallen to £3.93m in the half year to September 30th from £6.06m in the corresponding period in 2011. Gross operating profit before administration costs and asset impairments fell to £1.49m from £2.74m in the corresponding period last year. Michael Knight, Chairman of Sutton Harbour, commented: "During the first half year trading has continued in line with our expectations of challenging trading conditions and we have been implementing specific strategies to build profile and to target new markets. The company has established its position as a niche real estate operator specialising in waterfront destinations and associated marine activities. We are actively pursuing our plans for the delivery of King Point Marina and marketing of berths; making progress with future ideas for "Destination Sutton Harbour" as well as the former airport site; and, managing the Sutton Harbour estate for long-term income and asset growth." The group provides berthing for 573 vessels. Its share price was down 15.71% to 29.50p at 15:48 on Wednesday afternoon.
Scientific Digital Imaging (SDI) Director name: Mr Kenneth Ford Amount purchased: 100,000 @ 11.00p Value: £11,000
Today's interim results are clearly not ideal but the company remains on a strong financial footing with ambitious and realistic strategic plans. It's a shame the market's are so fickle, and that's why the SP has taken a hammering today. Personally I think this share is a good long term bet but we'll have to wait for the economy to start picking up properly and, hopefully, for SUH to finally off load the old Plymouth Airport site. As usual DYOR and of course... ... best of luck (I'm sure it will all turn out just fine !). I am Buchaneer.
Sutton Harbour has reduced its debt load from £21m to £16m, but its bosses want to cut that burden further before resuming dividend payments. Still, the real value is in the company's property portfolio. Redeveloping the Millbay marina, which has a valuation potential of £6m, and realising profit from the old airport could add £16m to shareholders' funds, making that big discount to net assets even bigger.
When the port was developed into a marina by installing a lock, the fish market was relocated and has developed into the number two fish market in England. Last year it handled 5,400 tonnes of fish, double the amount landed in 2009. Sutton Harbour generates revenue from the facilities that it provides, which includes its own auction house, and it takes a percentage of the value of fish landed. The group also has a property portfolio of buildings around the harbour, where void rates are less than 10 per cent, and two car parks with 426 spaces. Indeed, the total estate portfolio is valued at about £50m. That feeds through to net assets for shareholders of £42m, which compares with a £29m market value of the equity. Even the airline venture has a silver lining. True, after 2010-11's £9m loss, it lost another £1.6m in the latest year. But Sutton Harbour still owns a 142-year lease on the 113 acres of land. Assuming this is redeveloped into the usual mix of housing, commercial buildings and shops, the company benefits from 25 per cent of the development profits, which could be as much as £10m.