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.
You're spot on, I just checked PLUS markets as well, no transctions since yesterday. Actually that makes me feel better as eventually they're likely to manipulate it all the way back up lol.
Someone posted on iii they still have a 10m loan available to them? I haven't verified this but if true this would keep see them through to the last quarter of next year at the current rate of expenditure. Surely things will have improved by then unless all the shops have closed and we're all queuing at the soup kitchen which I suppose is always a possibility.
Looks like you weren't far off when you were asking about a 15p entry point a few weeks back.
Fair enough, I see where you're coming from. I had 2 investments in here, one in SIPP at 0.29 and one in ISA at 0.38. The intention on both funds was to hold 3-5 years. I sold up the SIPP one at a loss, can't remember what price, reninvested elsewhere, made about half the loss back and then reinvested here at 0.23 or thereabouts when I thought the outlook looked a lot more positive.. I considered investing more in the ISA when it was 0.19 but for self discipline reasons didn't. The amounts I now have in both funds I'm happy with. I do personally think this has bottomed out, when it went to 0.20 the naked trader and a lot of his followers would have been stopped out, low volumes on this share cause significant movements hence te drop to 0.19 at that time. As I say if I'm sticking to my plans these days so won't invest any further here on what I've already put in but I do believe this is a bargain price to be getting in at. I think there would be a lot of buyers if it went sub 0.20 and this would keep it from 0.15 which of course is possible if there's really bad news. GL
Anything is possible of course. What made you come up with 15p in particular? No-one has any idea where this headed in reality, I'm expecting a substantial when eventually, decent profits are announced. This might not happen until the end of the year, STY rightly or wrongly don't make many announcements to support the share price so it has tended to drift down on lack of news. I think your own guess is as good as anyone elses.
Yes indeed, your posts injected a bit of life into the board so thanks for that. It was Tumbleweed Central prior to the last fortnight. I'll be on and off here as and when I come across any nuggets of info. GL.
Totally agree, I didn't post here for months as there wasn't much news around. More is happening now so I like to post in case anyone thinking of buying wants some positive info. McKeever certainly doesn't do hype and that's not a bad thing in my book. Positive results later in the year will get it moving big time but it's good for PI's to see our own research on here otherwise it gets to be a bit of a ghost town on this board.
In case anyone was wondering about my Tesco post, I don't hold them but it shows that Supermarkets are thriving. STY has ASDA, Sainsbury, Tesco, Morrisons, Waitrose, The Co-op and LIDL as customers although LIDL hasn't been updated onto their "Our Customers" page on the website. http://www.stylesandwood.co.uk/our-customers/
Cheers! If anyone googles "Styles and Wood Planning Applications" you'll find hundreds of these and though most are older I found several regarding Boots and Barclays in just the past few weeks. Mainly for minor works admittedly but all these jobs add up. I'm not going to post all the links as it took me an hour of reading through Acrobat documents and went as far as 10 google page results down befor emy head fried.
Supermarket giant Tesco has rung up record annual profits yet again despite the economic downturn, and declared there is little danger of a double-dip recession in Britain. Britain's biggest retailer posted underlying pre-tax profits of £3.4bn for the 12 months to the end of February, a 10.1% rise on the previous year. Sir Terry Leahy, Tesco's chief executive, told the City that his company had "weathered the storm", and was well placed to profit as the global economy returns to health. It plans to create another 16,000 jobs this year, including 9,000 in the UK, as it continues to open new stores. "Across the Group, we have successfully adapted our cost structures and ranges to help customers save money when they've needed to and treat themselves when they've wanted to," said Leahy. "Our positions in international markets and non-food meant we faced strong headwinds when the downturn came but it will be these parts of our business which will grow fastest as the recovery strengthens." Leahy also told Reuters that although the UK's economic recovery was slower than other countries, he did not see a risk of the country falling into a double-dip recession. Tesco, one of the most successful British companies of recent years, first smashed through the £1bn profit mark in 2001. It has posted record annual profits every year since, driven by rapidly rising sales both at home and abroad. Global sales for the last year jumped by 6.8% to slightly more than £62.5bn. In the UK, Tesco sold £42.25bn of goods and services - the equivalent of £80,000 a minute. But disappointingly, losses at Tesco's struggling Fresh And Easy stores in America have widened. The Los Angeles-based convenience store chain, which started trading in the autumn of 2007, made a loss of £165m - up from a loss of £142m the previous year. Tesco had already abandoned a target for Fresh And Easy to break even in the last 12 months. Today it warned that the division will continue to lose money in the current year. "Although we do not expect losses to be much lower in 2010/11 we believe they have now peaked," it said. Analysts at Shore Capital were encouraged that Tesco's net debt has fallen to £7.9bn, £700m less than expected. "Tesco has delivered results that are very much in line with our expectations at an operating level. The group has managed the business well in particularly challenging times," they said. But Keith Bowman, equity analyst at Hargreaves Lansdown, pointed out that Tesco has not given any information about its current performance. "Sales for the group's core UK home market remain sluggish, while the lack of current trading figures - unlike last year - fails to reassure," Bowman said. Shares in Tesco fell by 1% this morning, down 4.4p to 433p
http://www.propertymall.com/press/article/22753 Date: 16 Apr 2010 Styles & Wood appoints Neal Handforth. Styles & Wood - a leading fit-out and refurbishment specialist - is gearing up for significant expansion with the appointment of industry heavyweight, Neal Handforth. The former Business Development Director at Balfour Beatty Construction joins the North West Plc as Service and Development Director. He will be responsible for spearheading the company's drive into new sectors across the UK, including office, leisure and the public sector, as well as adding significant value in existing sectors. Handforth brings a wealth of industry experience to Styles & Wood. The 43-year-old has extensive knowledge of the construction and property interior market. During his five years at Balfour Beatty, Handforth was responsible for rebalancing the company's portfolio and expanding into new and more commercially-focused sectors. He also wrote and helped to implement the company's first customer service strategy, which went on to achieve greater customer service and satisfaction levels. Prior to his role at Balfour Beatty, Handforth worked in the Middle East, spending time in Saudi Arabia and the United Arab Emirates (UAE), where he fostered strong links with consultants and businesses throughout the region. He also spent four years at one of the UK's largest interior fit-out companies, ISG. During his tenure, he was responsible for growing the company's national client base and also its regional presence across the UK by forging extensive customer relationships with major blue-chip accounts, such as Direct Line. Handforth will work closely with Chief Executive Officer, Ivan McKeever, on new and existing business opportunities, while focusing on ensuring deliverability, high quality customer service and product/service innovation. He will also be responsible for growing the team across each of the company's four distinct business units. McKeever commented: "Neal has built up extensive knowledge and experience in the construction and property interior industry, both in the North West of England and across the UK. "Throughout his career, Neal has consistently shown an exceptional ability in developing excellent relationships and engendering a strong customer service ethos amongst all employees. This will place us in a perfect position as we look to deliver above and beyond our customers' expectations in new and existing sectors." Handforth, added: "I'm really relishing the opportunity to work alongside a strong management team at Styles & Wood - a company that I have admired enormously for a long time. "Styles & Wood has always had an excellent reputation for placing its clients' needs at the forefront of everything that it does. I'm delighted to be part of a company that strongly believes in creating customers for life, while remaining committed to its core objectives of deliverab
Go on mate, spill the beans, I always do my own research but appreciate tips :-)
Is a word you'll see many times on this board. It is true though, as has mentioned by several, lots of work coming in, recruitment drive, new director from Balfour Beatty on board, no RI's to wory about as that was done last year, millions in the bank, no debt, what more could you ask for. IMO this really is a sound investment and the best recovery share to be in at the moment.
Boc got kicked off after an altercation and posts on iii under "milkthistle". Maffa sold up.
For my SIPP at 22.85 though ASK was showing as 23.5..
Agreed, the riskiest time for this company was early last year, those days are gone. This is a fantastic opportunity at these prices. Having said that the SP does tend to drift on no news and doesn't reflect the stability of this company.
Personally I'm happy with the results. Company is in cash positive position, how many businesses can say that? Many are millions in debt. Widely recognised market leader, recruiting new staff, lots of ongoing work, future is looking good.
I agree, with what you say and LIDL in particular I think is making improved market ingress with the recession making shoppers more inclined to look for value in everyday consumables. Germans tend to have less supermarket snobbery than in the UK and shop where they get best value hence the success of Aldi and LIDL there. If you check STY's website you will see Debenham's are a client as are some other bg retailers. Debenhams announced 18% profit increase this morning. I would rather see a 2-3% weekly increase than huge surges, HVE as already lost 30% of it's recent 100% rise. Not that I'm complaining, I've been in over a year and watched this trickle down. I think solid sustainable increases will come with good results showing a profit is being made. GL
Outlook cautious.. http://news.bbc.co.uk/1/hi/business/8616913.stm UK retail sales enjoyed a strong rise last month, according to the British Retail Consortium (BRC), although the increase was helped by Easter shopping. The total value of sales jumped 6.6% in March from a year ago, while like-for-like sales were up 4.4%. However, the BRC said sales were not as good when Easter trade was ignored, and prospects remained "uncertain". A separate survey found that fewer retailers fell into administration in the first three months of the year. A survey, by financial services firm Deloitte, found 44 retailers fell into administration during the period, down 65% from a year ago and the lowest number for a quarter since 2006.