Superglass Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9577873
I'm trading really well in 2012 cheers, having a stormer having bought OPG at 33p and SHFT from 50p up to 80p. Also I'm in RMP since 11p, 21p, 30p and 37p and that one could go ballistic on an oil strike which looks more likely than not which given the reward and it's an aim oily then I'm very pleased with the odds.

I've also had good trades on Eros on the NYSE listing news

Can't Complain this year so far By John09 ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9577873&action=detail Wed, 25 Apr 2012 17:07:00 GMT John09 tag:iii.co.uk,2003:tst.9576690
Just a footnote however, the bank isn't the only one sacrificing, having watched my original investment lose 98.2% of its value and passing RBS as the worst current investement that I have, but happily yet to surpass Ferranti and Telewest, shareholders have suffered big style.

Worse still when the first order of business after securing new funding is determining directors' bonuses when a 100x improvement wouldn't offset past failures is a bit offputting. Shades of RBS funnily enough though.

And whatever happened to the insurance money from the furnace issues, and as you mention why did the FD leave?

However, I don't want to sound bitter and twisted, but I won't be joining the directors on the golf course in happy retirement anytime soon based on the performance of this one.

If only John Harvey-Jones was still around to have a go at this one.

Thanks again for the useful analysis rather than the dross that's on some of the discussion boards.

Cheers
By rabbitears ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9576690&action=detail Wed, 25 Apr 2012 12:45:00 GMT rabbitears tag:iii.co.uk,2003:tst.9573792
I hope that you are trading well - so far this year it has been very good.

I must admit not paying much attention to SPGH as it is a tiddler in my portfolio. However I did have a quick glance through the results. Project Pheonix seems to say it all. What I suspected is now coming through the accounts - the bank has sacrificed much of its debt to keep the company going - hence a theoretical big profit. The company has a much tidier balence sheet and has mapped a way ahead with new investment. That is the glass half full view.

However, the operating profit does not look that brilliant even if the £3.6m annualised savings is added back in. Underinvestment in the past might well have artificially bloated previous profit statements. Then there is the outlook - expect better turnover in the second half, but the building industry is still in semi crisis mode so intrinsic demand is still weak. then throw in the uncertainty that CERT will be ending this year and the shape of the replacement is undefined. i.e. SPGH MUST have a viable replacement to keep going. .. and then SPGH is shedding directors - why?

So where does that leave us? SPGH is as the blurb says - a company in transition. There is still quite a wait before the new investment really starts to come in. We don't know the final costs yet either as I noted that they had to shelve phase 7 due to insufficient funds. Come back in 2 years time and the company will start to show that it can make some profit and that assumes that the CERT scheme is replaced. So no rush to buy yet. However, for patient holders, I suspect that a recovery in the building industry demand should help both prices and demand to improve - throw in some new products and more retail outlets - then SPGH COULD start to give a reasonable return. In the mean time one can understand the market's concern and has marked the shares back. Again a watching brief with no rush to buy in my opinion. i.e. a Speculative long term hold.

The Buzz By The buzz ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9573792&action=detail Tue, 24 Apr 2012 17:38:00 GMT The buzz tag:iii.co.uk,2003:tst.9572605 http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9572605&action=detail Tue, 24 Apr 2012 12:58:00 GMT rabbitears tag:iii.co.uk,2003:tst.9572274
By John09 ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9572274&action=detail Tue, 24 Apr 2012 11:58:00 GMT John09 tag:iii.co.uk,2003:tst.9417524
The Buzz By The buzz ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9417524&action=detail Mon, 12 Mar 2012 10:32:00 GMT The buzz tag:iii.co.uk,2003:tst.9324797 ')" target="_new" rel="nofollow">http://www.bbc.co.uk/news/business-17101311


Bf. By Blowfelt ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9324797&action=detail Tue, 21 Feb 2012 08:04:00 GMT Blowfelt tag:iii.co.uk,2003:tst.9290265
According to the Halifax web site SPGH is currently valued at only £9.3m, so I felt that the value is in the company - if only they can translate it into something meaningful. With the capital raised and the bank's haircut, things should be on a fairly stable footing now. As for debt, a hard one to answer as they are just entering a major investment phase. I am hoping that this proceeds smoothly and that the market has improved slightly by the time that they are fully up to steam as it were. If the talked about savings actually materialise then this share could rise by a factor of at least 2 or 3, so it seemed to me worthwhile having a a bit of a punt.

Yes, perhaps it was a brave move but for only a modest outlay: sometimes they work, sometimes they don't. Fortunately a sufficiently large number of these moves works out OK, but only part of a larger portfolio.

The Buzz

I trust that you have been trading well - after a poor 2011 this year has started very well. Did you look into Bloomsbury publishing after my last posting - they have done quite well since. By The buzz ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9290265&action=detail Tue, 14 Feb 2012 12:15:00 GMT The buzz tag:iii.co.uk,2003:tst.9290203
I'm surprised this has dipped below the 20p in one sense but not in another sense that we see it happen all the time following mega placings.

Mkt Cap is £9m (+ debt) = EV of X? I know they raised £9.5m anyone know what debt is now?

Forward PE is 6.3 which is still NOT cheap given a) broader markets and b) the state thsi company has got itself in.

I have a soft spot for this one and i really like the idea of buying into the green deal etc.

The overhang is a real worry . So many shares in issue. I dont think theres any rush to buy this but id really like to By John09 ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9290203&action=detail Tue, 14 Feb 2012 12:03:00 GMT John09 tag:iii.co.uk,2003:tst.9290093
Slig By slig ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9290093&action=detail Tue, 14 Feb 2012 11:47:00 GMT slig tag:iii.co.uk,2003:tst.9284796
The Buzz By The buzz ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9284796&action=detail Mon, 13 Feb 2012 12:19:00 GMT The buzz tag:iii.co.uk,2003:tst.9228561
I have some SPGH with my Halifax nominee account. All I had to do was ring up and they put me down for voting, and perks such as the IAG (British Airways) ticket discount. Yes, I did vote for the SPGH agm resolutions.

It is all very quiet with SPGH -pity that they hold their meeting in Scotland - it is a bit far to travel there! Anyone manage to go there?

I guess that we have to sit things out for a year or so while they implement their factory upgrades. Only then will we start to see how viable they are, and perhaps if a bigger outfit wants to acquire their assets on the cheap.

The Buzz By The buzz ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9228561&action=detail Tue, 31 Jan 2012 07:35:00 GMT The buzz tag:iii.co.uk,2003:tst.9225683 I noticed in the recent agm announcement that there were a number of votes against items. I have never been asked to vote by Supeglass, whereas I have been for other companies.

I'm wondering if it is because I use a nominee company that I'm not getting asked? Would anyone know how to go about getting the info that would require information on voting to be sent to me? The company I'm with mentions getting notifications about agms and attendance etc but the topic of voting is not clear.

As I'm not asked to vote is my vote counted as for or against or not counted at all?

Many thanks. By rabbitears ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9225683&action=detail Mon, 30 Jan 2012 12:33:00 GMT rabbitears tag:iii.co.uk,2003:tst.9169148
The agm statement did not tell me much. A small green shoot with CERT, new build sales more or less holding up, gas prices have gone up and the new investment programme is on-track but the benefits are still a long way away.

The share price is nominally down 0.5p today, although if I am not mistaken the spread has shrunk a bit. I think that the company is still fairly valued at the moment with no obvious reason to rush in to buy: it is too soon to see if the CERT market is going to improve/ the promised benefits on new investment will translate into achieved profit.

The Buzz


John09 - trust that you are trading well? After a rather disappointing 2011, at least 2012 has started well. Even my Bloomsbury at last seems to have turned the corner. By The buzz ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9169148&action=detail Mon, 16 Jan 2012 18:08:00 GMT The buzz tag:iii.co.uk,2003:tst.9106510
I'm just reading today's Daily Mail and there's a paragraph on superglass!

Page 69 discussing winners and losers of 2011 and needless to say super glass is on the top 5 losers list down 95.8% in 2011 but it then goes on to say that it has an interesting major shareholder in Ruffer who is one of the best respected boutique fund managers ! It owns 11% and could bring management changes,

Interesting...

I'd have to be pretty convinced though to buy back into this! By John09 ]]> http://www.iii.co.uk/investment/detail?code=cotn:SPGH.L&display=discussion&id=9106510&action=detail Wed, 28 Dec 2011 15:14:00 GMT John09