Member Info for enfranglais

Quite simply this is a company controlled by a family of wasters & we poor sods have been rolled over for years. The only profits made are on undervalued assets, which when sold at a profit, the management try their hardest to loose in whatever way they choose!! The reason for the rise in the s/p was the sale of the buildings in Malta & the contract for another saler by the latest the 30/05/2015. If you look at the rns, the company assets are £14.76m (including £11.65m in cash), with another £10.5m coming by 2015 & the company is only valued at just over £11m (less than the cash pot). Therefore, the market is saying that the useless board of directors will probably loose the lot or we would be trading at 2.50 a share or plus!!! The only way the small investor could get his money out of here is if someone realises the asset potential here & takes out the board - but they probably hold too many shares for this to work. Therefore we are left with a load of WAN KERS!!!

Pursuant to the variation of the Main Site Agreement, SGBH has today completed the sale of the Old Villa and adjoining areas to GIL for the sum of €15,373,884 (£13,484,433). Payment in full has been made to SGBH by way of the refundable deposit of €815,300 (£715,100) previously paid by GIL pursuant to the Main Site Agreement being released unconditionally to SGBH and the balance of €14,558,584 (£12,769,334) has also been received by SGBH in full today. Sale of the Remaining Property Further pursuant to the variation of the Main Site Agreement, it has been agreed that GIL will now be given until 30th March 2015 to complete the purchase of the Remaining Property. The total consideration of €29,117,167 (£25,538,667) payable by GIL for the Main Site remains unchanged. Therefore the consideration payable for the sale of the Remaining Property will be €13,743,283 (£12,054,234). As part of the variation, GIL has agreed to pay to SGBH a refundable deposit of €400,000 (£350,840) by no later than 30th March 2013. GIL has granted to SGBH a second ranking charge over the Old Villa and adjourning areas which is to be released upon payment by GIL of the deposit. Lease back and continued operations SGBH has agreed to lease back from GIL part of the Old Villa and adjoining areas until 30th March 2015 for a rental fee of €2,000 which covers the entire period. This is to allow SGBH to complete its existing contracts and to continue operations and maintain the student accommodation business at the property. On completion of the sale of the Remaining Property, the current hotel operations in Malta will cease. Information on the Main Site The business carried on at the Main Site includes the hotel and youth hostel operations carried on from the Villa Rosa Hotel, the Cresta Quay Beach Club and the Old Villa. In the year ended 31st March 2011, these businesses contributed €893,008 (£758,968) of revenue which constituted the entire revenue of SGBH. In the same period, SGBH reported an overall operating profit of €93,705 (£79,640), but no segmental analysis is available of the operating result attributable to the businesses carried on at the Main Site Financial impact of the Old Villa and adjoining areas sale The net book value of the Old Villa and adjoining areas was €3,996,638 (£3,467,083) and was consolidated in the Company accounts at 31st March 2011. The total cash consideration for the sale of the Old Villa and adjoining areas is €15,373,884 (£13,484,433). The sale of the Old Villa and adjoining areas will generate proceeds, after expenses and taxation, of approximately €13,329,000 (£11,690,866). As regards the sale proceeds for the Old Villa and adjoining areas, as was stated previously in the Circular, the Board will meet to consider the best use for those funds taking into account the ex

Did not see this going back to 3.20 but was surprised my order at 3.40 went through on a dip & very happy to be back in after taking profits at 3.65 (for previous post read 3 for the 2's mentioned - senior moments)!!!

Was stopped out at just over 2.65 & we are now retracing to the 2.40 levels. Will look to buy again, if we get back to 2.20.

Not far from your 375 figure as reached 367 today & have put stop in at 365 in case we have a pullback towards the recent lows of 310ish - in which case i will buy back again - 33% profit not to be sneezed at!!!

Price has been rising steadily ahead of end of year & looking for good results & positive news on the future. My only share above 25% & long may it rise!!!

Mulled, you must be fed up being the only poster on here, so thought i would add a post to keep you company!! I purchased a chunk at the last dip at 2.74, so am happy to ride this one longer term, though we may see dips with the general malaise in the market. Would only be tempted to sell over £4, which may well come later in the year but could just reduce holding & carry the remainder long term, as i agree, it seems to be a well run company with growth prospects worldwide - nice to see a UK world leading company!!!

If you have not bailed out by now do so before we are back at bottom!!

Drops about 9% then back to level & now on it's way back down to the depths of despair - short if you can & sel, sell, sell before it goes down below £6.00!!!