ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

APG Airsprung Group

30.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Airsprung Group LSE:APG London Ordinary Share GB0000119940 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 30.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 30.50 GBX

Airsprung (APG) Latest News

Real-Time news about Airsprung Group (London Stock Exchange): 0 recent articles

Airsprung (APG) Discussions and Chat

Airsprung Forums and Chat

Date Time Title Posts
30/10/201112:38Has Spring Sprung at Airsprung?1,487
27/1/201123:09airsprung beds, down th eshitter without a paddle24
19/11/201023:55About to be put to Bed236
02/4/200919:03AIRSPRUNG LOOKING GOOD NOW??18
03/2/200623:10Apollo Gold: Mid-tier Gold Producer13

Add a New Thread

Airsprung (APG) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Airsprung (APG) Top Chat Posts

Top Posts
Posted at 28/10/2011 23:17 by eipgam
norian were doing work for APG
Posted at 27/10/2011 15:48 by cockneyrebel
A recommended 31p then - better than a poke in the eye I guess

Farewell APG.

CR
Posted at 10/10/2011 09:53 by eipgam
VERY quiet.... it looks like there's not been a single share traded since the offer announced.
Posted at 29/9/2011 16:36 by newbe
I reckon the share price would rocket,they borrowed money to buy a company that does not seem to be doing well,they cant even sort out the upholstery company that used to make money in Chorley so all a bit flaky if you ask me,as usual just my opinion
Posted at 29/9/2011 07:44 by kinghorm23
Why stolen, bid was under 20p, price was going nowhere, gives punters a much better price and a chance to invest the money somewhere else and make more.
Posted at 28/9/2011 20:44 by eipgam
if you could buy shares now... price will be interesting when market opens
Posted at 28/9/2011 18:17 by cockneyrebel
whoever has bought it will have to make a bid if they hold any already.

If it's Perloff he'll have to make a bid - I suspect tho that any bid won't be much better if anything than the 27p that lot got sold at. With over 30% he'll call the shots and I bet there's a lot of large holders that would like to get their cash out. Yate's have 9%, they'll sell imo.

Hope APG get a better offer than 27p tho - that will be stealing them.

CR
Posted at 28/9/2011 17:27 by eipgam
The above article was dated yesterday... this one is from a few months ago....



Airsprung Group

* BY: Andrew Hore |
* POSTED: 09/05/2011 |
* COMMENTS: Add yours

Property investor Andrew Perloff has taken a 4.81% stake in beds and furniture manufacturer Airsprung Group and he could be interested in its property assets.

There are freehold land and buildings valued at £6.57m after depreciation in the accounts for the year to March 2010. That includes land and buildings that were valued at £4.95m (before depreciation) at an open market value on 1 April 1997. The rest of the property assets are valued at cost. That suggests that the current value of these assets could be much higher even on the basis of their existing use.

Airsprung is trading below asset value any way.

At 23p a share, Airsprung is valued at £5.5m. The company's net asset value, excluding intangibles, was £9.5m at the end of September 2010, including net cash of nearly £2m. That was before Airsprung acquired the Collins and Hayes upholstered furniture business for £2.3m at the end of 2010. Collins and Hayes used to be quoted on Aim but it went bust in April 2007 and the assets were bought from the liquidator. It is profitable and has an annual turnover of £9.8m. Net assets were £400,000 at the end of April 2010.

Airsprung does have a pension deficit of £4m, although that is taken into account in the NAV.

House broker FinnCap said that the deal was earnings enhancing and increased its 2011-12 earnings per share by 19% to 4.3p a share. The shares are trading on just over five times prospective 2011-12 earnings, although the final outcome will depend on the level of consumer confidence and spending.

Perloff has built up stakes in a number of quoted companies including department stores operator Beale and fully listed shell Highway Capital.

Redbird Holdings is Airsprung's main shareholder with 29.9%. Chief executive Tony Lisanti owns 14.7%.
Posted at 28/9/2011 17:20 by eipgam
newbe... got any more ideas. You seem to know this co better than me!!

So Perlofff had 12.7 and has just added Redbirds 29.9 by the looks of things and must have his eye on the property assets that have been flaaged here a year or so ago. I wonder what he will pay? Surely he must launch a full t/o now?



Property investor Andrew Perloff has taken his stake in beds and furniture manufacturer Airsprung Group to 12.7% following the purchase of Schroders' 7.9% stake.

Redbird Holdings is Airsprung's largest shareholder with 29.9%, while chief executive Tony Lisanti owns 14.7%.
At 25.5p a share, Airsprung is valued at £6.09m. The share price has edged up on the back of Perloff's buying. The shares are still trading at a discount to net tangible assets of more than one-third.

That asset value includes land and buildings that were valued at £4.95m (before depreciation) at an open market value on 1 April 1997.
Posted at 13/12/2010 15:14 by greek islander
Collins and Hayes are a big company locally with what was a superb reputation and were until a short time ago trading very successfully and profitably until they appear to have overtraded and went I think into administration and were then bought by new owners.
Obviously they have now sold the business on whilst continuing to manage under the new Airsprung ownership.
This was a highly profitable expanding concern and should be a very good buy and add all sorts of synergies to the existing trading base.
Glad to see Airsprung not sitting on their laurels but looking to actively move forward. A very encouraging sign. Could now see APG with a share price more commensurate with the financials. Interesting day for long term APG holders like me.
EDIT CR good to see you hanging in here. Been a disappointing ride for a while now. I bought these and WGB at roughly the same time and for very much the same reasons. Asset value was very good and the share price hardly reflected the financials and some good non-cash assets for both and while WGB has surged forward (about 135% increase in the last 12 months or so) APG has generall gone backwards in terms of share price Some you win, some you lose, now maybe it may yet change round at APG and we might see some buying pressure.
Airsprung share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock