Oil play The oil fields off Scotland look to be in play again which could be excellent news for ABE
Asset Play Good to see some interest here. Plenty of assets and huge tax losses
Interest Any thoughts on what may be going on? Bags of assets, director buying, tax losses and the marine sector industry improving. Who is picking up small amounts of stock?
Buy It will be interesting to see if the buy is the same Director. If it is it could be a sure thing that there is positive thinking about ASBE going forward. It is loaded with assets and tax losses and their main market is picking up with more activity in the North Sea. There is little stock on offer so any serious news will put the sp a lot higher.
Re: Interest Not too sure. Freehold property with a cost of £700k in the books for £0 but could be worth well over £1m. Tax losses on trading worth nearly £600k and capital losses worth £1.7m. Assets at the last year end noted as 50p per share. Market picking up for North Sea work and there is a DIrector picking up small amounts of stock. Also a quality name so could be good for an RTO or a shell with so much value to be unlocked.
Re: Interest The only thing this is doing is going broke soon barring a miracle.
Interest We are on the radar - Anyone any thoughts about the way forward?
Re: Interims They would need to double turnover to break even.
Re: Interims This is clearly going bust soon.
Re: Interims Perhaps ABE are not looking hard enough - seeking a new business has been going on for years so they tell us.
Re: Interims 1) How has this maintained a full listing2) Why as above3) cash draining awayPretty poor show.Someone must want a listed co with losses?Tiger
Interims What can one post?
Losses More losses and it appears that the current year will see borrowings as cash seems to be evaporating quickly.
Loss Its not often you have a company that has an operating loss greater than its turnover.I hope the investments are doing well!
Re: ASBE Directors £250k Free Lunc... BEEN LOOKING TO BUY A COMPANY FOR THE LAST 5 PLUS YEARS.Tiger