NEW ARTICLE: Possible game changing scenario for AIM "Shanks GroupWe last viewed LSE:SKS:Shanks Group in June 2015. We'd moaned about the shares' lack of oomph, assiduously avoiding breaking above 120p and indeed flushing itself down to our 70p bottom. Crucially, for the future, the price was not ..."[link]
NEW ARTICLE: Possible game changing scenario for AIM "Shanks GroupWe last viewed LSE:SKS:Shanks Group in June 2015. We'd moaned about the shares' lack of oomph, assiduously avoiding breaking above 120p and indeed flushing itself down to our 70p bottom. Crucially, for the future, the price was not ..."[link]
NEW ARTICLE: Trends and Targets for 21/04/2016 "THE AIM UPDATE (FTSE:AXX) and SHANKS GROUP PLC (LSE:SKS) We last viewed SHANKS GROUP in June 2015 (link here). We'd moaned about the shares lack of oomph, assiduously avoiding breaking above 120p and indeed flushing itself down to our 70p ..."[link]
strange trade? Market records a trade of 136,532 sharesat 79p,at 16.35 today - out of line with other trades.Any explanation?
Re: Big drops wasnt in mailonline and didnt look further!apologies!
Re: Big drops "Can't find any notices...."How hard have you looked?!!!!
Big drops Big movements last few days, negatively. Any reasons? Can't find any notices....
Re: Half Year Discussion **
Half Year Discussion One of Shank's better Half years in a good while. They've re-positioned the business to match current levels of demand, whereas some of it's European trade has finally picked back up. I think legislation since January has started have an small impact on businesses to use services such as Shanks. Earlier on in the year, I was hoping for some slight consolidation in the Benelux area, however CVC Creditors accepted to write off 60%.. a big lifeline. Imagine if the bondholders for Shanks accepted a 60% paper loss hey!? SP would rocket.. ! (Source for above: [link] for Shanks is very much in the 'waiting' now, especially for the Derbyshire's plant:"Construction of the waste-to-energy facility at Derby is progressing well and is on track for full service commencement in the first half of 2017." and the return on the below quote:"We completed the £5m expansion of our Energen Biogas (EBG) joint venture at Cumbernauld in Scotland in September. The EBG plant has almost doubled capacity and is now the largest AD facility in the UK. A new gas-to-grid capability, to add to the existing electricity generation, will be commissioned in the second half"Will all take time. I'm thinking of doubling my share soon, 96 is a 'fair price' but there's a good chance of this falling too the sub 80's again. The dividend wasn't raised despite past efforts to prove they can, but I'm glad they didn't. The Pension debt is rising quite heavily, another thing to watch out for. Holding.
Analysis report on Shanks Group Looking like a solid dividend payer [link]
NEW ARTICLE: Trends and Targets for 22/06/2015 "Our iii headline pieces on AMLIN and DIRECT Line can be viewed here and here. SHANKS GROUP (LSE:SKS) are our first target in the FTSE Sector named Support Services. (NMX2790) This sector recently broke a major target level, briefly, and we ..."[link]
Re: Unbelievable Well, good reasons to be cautious and rightly so. Although Shanks is a low margin; defensive stock. I think these figures, even if the company was to return rosey profitability; these core fundamentals won't change much, as it's a heavily asset based business.
Re: Unbelievable 1) Just a pure guess 2) Basically just going on earnings & prospective earnings.3) Is the true value of the business really 60p after you take into account debts to creditors & bond holders? 4) NAV, is just a figure, it only counts if there is a take over & the aggressor will be the true judge of the NAV n the company. You don´t buy a share on NAV, alone.5) The prospect of yet other profits warnings, not exactly going to much for EPS, Shanks could find itself in financial trouble. What would a rights issue do to NAV & EPS. Shanks, always paints a rosy picture of the future that never comes.6) Why should any investor want to pay a substantial premium to your NAV, given itself incredible lousy earnings record?A definite SELL, Shanks is for me!
Re: Unbelievable What's made you come to that conclusion? Even despite operating at a loss, the value of the business is around 60p.
Unbelievable This stock just represents how grossly over priced equities are. This stock should be around 30p-40p. I can see no fundamental reasoning why this stock trades at the multiples it does. Profit warning after profit warning, the Dutch/Belgium economies are not improving. High debt levels. The SP is all built on the premise of just may be. This share looks like a glorious shorters share, but then you would have to be brave. I have been saying the same about Carpetright, & the outshines all know gravitational laws.