Member Info for chrisc32

These have been really difficult to buy again today ... possibly the stock to sell if becoming short? High hopes for a much higher SP come results, and I hope to see a continuation of buying interest as results draw ever nearer.

Nearly 100K shares through as a delayed buy. Volume not bad - Can't really get a quote to buy in anything except miniscule volume - having to buy on negotiated trade. Ooh - there's another buy, through at 10.2p. This is looking encouraging.

I hope so too ... Encouraging to see the first trade through at over 10p in a few months.

"Analysts are expecting Styles & Wood to post adjusted pre-tax profits of £1.6m for 2011 on revenues of £104m. Last year it achieved earnings of £500,000 on turnover of £99.1m. The group is expected to be debt-free by the end of this financial year." Read more at: http://menmedia.co.uk/manchestereveningnews/jobs/s/1468743_styles--wood-expansion-to-create-dozens-more-jobs my words: Note in the interims that STY paid off a term-loan in full, and restructured their credit facility. The net-cash (excluding pref share accounting) will be interesting in the finals, as it's the drop in net-cash in the interim results that spooked a few holders. What enticed me to invest is that the November IMS states "broadly in line" which means that STY should be making pre-tax of £1.6m, and the net cash position should therefore be stronger than at the time of the interim results. ps. We also know that the order book was running 12% ahead of last year, so all encouraging stuff!!! Lastly, this chap seems to think that STY might have net cash in excess of the market cap. http://diy-investors.blogspot.com/2012/01/styles-wood-double-bottom-recovery.html "The immediate thing that strikes me is the obvious double-bottom occuring in the last 3 months of 2011. The price action at the end of December was also a clear breakout from the downtrend of the previous few months (marked by the downward sloping blue line). This coupled with the rising OBV and in the past few weeks the clear uptrend in the 50 day moving average (currently supporting the SP), is shouting "buy" to me. I also note that there was a buy signal on both ADX indicators on 22nd December, prior to the last upleg. Even more strange is the likelihood that with a MCAP (today) of £5.7m, we might find that, when the full year results come out, the net cash within the Company exceeds this figure!"

STY, in my opinion is one of the few shares out there with genuine multibagging potential. On a risk v reward basis it's a great investment at a £6m market cap. Here's a company that will be turning over in excess of £100m for the last financial year and according to forecasts and the latest IMS should be profitable on improved figures over last year. However, the SP is still languishing at 10p? Market cap £6.2m. We know that STY have improved gross margins, that they have been recruiting and growing, and that growth in its banking and office fit-out sectors has been impressive. Given STY's credentials and heritage in retail, we can expect that retail will continue to play a critical role in STY's diversifying mix of revenues. The board's aim has been to diversify the revenue base to provide a more resilient business model. The half-year results demonstrated good strides in turning this into reality, and the full year picture should be a positive one if it's in-line as management have indicated. As a recovery share, I can think of few better. A 1-bagger from here to 20p would still see STY capped at just over £12m. If STY can deliver as per forecasts, and with any hint of recovery or upturn in the air, then STY could well rerate relatively quickly. One important note, do try to understand the preference shares held by RBS if considering an investment here. Lastly, we know there's been a seller for a while in UBS GAM. We also know they went below 3% the other day, and we've had pretty good volume since and huge volume yesterday. At some point they'll run out of shares to sell, and we should see the net-daily buying of the stock have a more dramatic effect on the SP. My calculations suggest that under 3% is about 1.8 million shares (this occurred on 27th Jan). Yesterday we saw over 1 million shares change hands on one day alone, and today we were at around 150K or so. Once this brake is removed, hopefully the SP will rise accordingly. Good luck all holders.

Stock's feeling quite tight now. 10p to buy, but can't get a quote for many.

Lower volume than yesterday, but encouraging to see the SP still tick up. The trades below mid have been buys at 9.75p and 9.88p. Still this only values the company at just around £6.2m, which to me seems totally bonkers for a company of this size and turnover, with pref shares considered.

Yup - a better day today. Most encouraging of all was the BUYING VOLUME. Check it out on a chart - Styles and Wood very rarely sees over 1 million shares traded in a single day.

This share moves quickly when it goes. Very nearly 1,000,000 shares traded today! I reckon that our seller will be cleared tomorrow if we see a similar level of volume. Great to see.

Seller identified, and now below 3% Tick up and buying volume today is very encouraging.

Again, all buying - and a tick up in the real bid and real offer price. Looking healthy with the level of buying interest.

All buys again today - reported as sells at 9.15p

http://diy-investors.blogspot.com/2012/01/styles-wood-double-bottom-recovery.html

Looks like the food retail sector might be on the turn in terms of the supermarkets investment in refurbishment. Could be very good news for Styles and Wood. We know they're expanding the workforce, so such news from the sector are very encouraging indeed. http://constructionbytes.com/my-blog/supermarket-market-share "Only recently, Morrissions have announced expansion plans and Asda have announced plans for 25 new stores, 3 Depots, and the refurbishment of 43 existing stores. It is likely that the others will follow suit, if they are not already doing so. "

... Over an advfn, wouldn't harm to post here too:- The forecast for 2011 final results, according to digital look, is a pretax profit of £1.6m, a good improvement on 2010's £0.5m. This on a turnover of that's up nearly £5m to £104m. The trading statement in mid November stated "broadly in line", and h2 is a stronger half for STY. We also know that the opening order book for 2012 was in excess of 12% ahead of the prior year as at the november interim management statement. Styles and Wood are also benefitting from regulatory changes in the banking sector. In fact, the revenue base of the business has shifted dramatically away from retail and towards the banking sector of late. This from the 2011 interim results RNS:- "Revenue from Office and Banking represented 68% of the Company's total revenue in the six months ended 30 June 2011 (H1 2010: 38%), and was up 54% on the comparable period last year." And from the recent Manchester Evening News article, "He said Styles & Wood was benefiting from increased investment by high street banks in their branch networks, partly as a result of European Commission instructions to sell some of their outlets to other operators." http://menmedia.co.uk/manchestereveningnews/jobs/s/1468743_styles--wood-expansion-to-create-dozens-more-jobs We also have the prospect of 632 lloyds tsb branches being acquired by the coop bank, and with both Styles and Coop being Manchester based, one would think STY would be well placed to pick up some extra work here. Consider all this versus the current £5.72m market cap. The shareprice has been beaten down, yet full year expectations are for an improvement over 2010 in revenue and profit. Edit to add: must reference also the 1m deferred interest payment on the pref shares. Edit to add2: styles used to be a strong dividend payer - be nice to see the company throwing off enough cash to meet the redemption schedule on the pref shares, and pay a dividend in the medium term. Wouldn't expect one for a year at least though. Think risk v reward when considering investing here, and DYOR. One of my 2 largest holdings by the way.

I agree entirely that the current Market cap is a joke. It reflects a company about to go bust. Not one growing, with a stronger order book, and higher margin. For newbies, read the November trading statement - very positive. Also read the Manchester evening news article, again very positive. Sty are forecast to bring in revenues of 104 million pounds for the financial year 2011. An improvement of over 4 million on the previous year. Profit before tax is forecast at 1.6m. The reason the Market cap is so low is due in no small measure to the preference shares issued to RBS, but think of these as a low interest loan with fixed repayment schedule and it's easier to understand. Buyers have been returning with chunky buys the last few days. On a risk v reward basis this is a very cheap share in my opinion. DYOR.

In fact, no sells today, and another chunky buy through. The SP will respond sooner or later if this continues. The won;t have an everlasting line of stock at less than 10p

Indeed it would be nice to see a return to a higher valuation, the company have been making very positive noises so let's hope it's reflected in the results :-). A nice 150K buy through there.

Certainly plenty of buys today ... this share is mighty cheap at less than a £6m cap. Looking at the turnover of around £100m, it'll only take a small improvement in margins and revenues to make a significant difference to the bottom line. We know STY are growing, recruiting, have a stronger order book, etc, etc. BUY BUY BUY indeed :) But DYOR

Not huge volume, but buys outweighing sells today, and more than we often see. Looks promising IMO