JUST BOUGHT SOME LOOKS A BARGAIN AND THE PROFITS WILL ROAR AHEAD THIS YEAR.

ANY THOUGHTS?

JRM

Bought some at 38 and twice again at 40 and 41 . . . agree completely . Fundamentals good and chart was a screaming buy. Base formed at 38.5 and increasing vol over last few days suggest the bid rumours are probaly true. Takeout price will probaly be around 50-55. Goes ex-dividend next Weds.

expect it to be tipped by various papers for 2006
watch it do well in first two/three weeks of Jan
then watch it settle back to 40p

apologies Kelvy
yrs appeared whilst i typing (if u can call it that)

everything you say is accurate

as it was last year

Was considering a thread for ENN, but JRM beat me to it. Bought some a few weeks ago after considering:-

1. The chart over a two year period: A cyclical stock, displaying a tendancy to accelerate during Dec/Jan/Feb.



2. The fundamentals: (just a snapshot)

From the June Interims - Operating profit increased by 93% to 7.9 million (2004: 4.1 million) on Group Revenue up 52% to 80.8 million (2004: 53.1 million). These results include those of the Johnston companies, acquired in November 2004.

3. Acquisitions of Bluestone Concrete & J & H Parry & Sons, both of which give ENN a route to market for its products in the W Midlands and Virginia, USA.

4. Recent sizeable Director purchase by Eric Gadsden (192,000).

pth

Article in this week`s shares Magazine on page 11 suggesting ENN as a possible takeover target with a take out price of 50+

Anybody able to throw any light on recent placing by Altium (ALTI) at 38.75. Seems to have depressed price and place the stock under distribution pressure. ALTI still seem very keen to off-load stock . . . check out the order book, they are frequently the best sell (offer) price available even after fulfilling large buy orders. Why would anybody be dumping stock if a buyout is a real possibility ??

Kelvy

Very interested in this stock after it was pointed out on
the traders thread.

Increasing profits, good cash flow, recent large director buying and
Tuesday land disposal for 10.5mil can only help.

Also there's a large buyer of 13 mil shares from Aggregate Industries
which has not been disclosed which might also boost the share price.

I also notice Alti on a much lower offer than everybody else, well you
use that as a buying opportunity which i will tomorrow via a spread bet.

Some nice movement today. What will they do with the cash from the recent sale. They're developing a good record of buying undervalued assets. They'll be taken next.

Good again today. It must be about to break through that important high. What do you think?

It was a day of 3 halves. In the first half hour 200k of 2.1m where traded between 42.75 & 43.61, with trades at or near the offer out numbering those near the bid. Most of the day the trades (600k) where executed between 42.25 & 42.5
During the last half hour 824k of 2.1m traded today where 'sold' @42p
Since June last year 42/42.5 seems to be a resistance level.
I wonder if the weekend will bring any interesting news?
skg

lots of buys again today, but the SP. doesnt move, why?

See that, 15m buys just gone through
2517

Ave volume normally around 300k
2517

Buys 18 ml. Sells 8 k. SP. unchanged?

I like Ennstone too. The fundamentals are great. It's not one to give you sleepless nights. ITS AGGREGATES for god's sake! Safe as concrete. Thanks for the two year chart, it looks like it might be important to see if it can hold this price for a bit. RE the big buys. I'm just hoping they're buys and aren't actually sells that have got a decent price 41.5, maybe someone with level 2 can confirm. Hopefully it should mean that the overhang of 25 million has been cleared helped by all the sustained buying we've seen all month. The results are in under 3 weeks, march the 1st I think, so hopefully it'll be interesting till then, maybe a trading statement, who knows.

Lots of buys this morning,anyone know why?

What is it going to take to move the sp?
2517

Ignore the 750,000 x trade, I think that's just broker to broker, but still the rest of it's good. Maybe the price is being held down to fill a buy order which is being filtered through in 200, 000 - 250, 000 tranches as seen today right from 8 am. They're obviously holding the price back for some reason, I guess the stock overhang still hasn't been cleared yet.

At last! broken out of the 41p range, 20ml buys today,that must of cleared the overhang.

Yes, I hope so. This is hopeful with a week on Wednesday until the results. My only slight concern was that perhaps these large buys are actually sells and they're going through as buys because the computer is guessing whether they are buys or sells. But maybe I'm just being overly pessimistic. Most of the other trades which went through as buys were automated so they should be accurate and there was still above average volume on them alone. They must all be buys I guess or else the price wouldn't have moved. It takes a lot for Enn to go up. It's like pushing stone. The chart looks good.

21/02/06 08:16:08 GMT
Ennstone buys East Midlands road contractor; makes bolt-on buys in US, Poland


Ennstone PLC (ENN) said it bought Smiths Construction PLC, an East Midlands-based road surfacing contractor, for 3.75 mln stg.

The company also said it made bolt-on acquisitions worth 5.74 mln stg in ready mixed concrete operations in the US and Poland.



Copyright - Provided by AFX

Confirmation in Guardian yesterday that 10 million shares had been placed for an institution. Decent above volume buys today as well.

The Prelim results confirmed for 14 march, may get small increase in sp enroute to results.
2517

The acquisitions seem well selected, a good set of results next month should keep the SP ticking upwards.
colombo

Long time no postings here, results were ok, and going good today, up to 49.75, when I bought these the talk was of a bid around 50p, it's nearly there without a bid, so if a bid does arrive it will be further north of 50p, perhaps nearer 60p so here's hoping.
2517

Possibly being pulled up by the rumoured bid for Hanson.
2517

Is it about to go?

Creeping back up again now.
2517

Came back strongly today. Mixed buys and sells. Today's Guardian reporting rumours of a bid approach.

sold out today. I think it's still a good company though

Excellent interims today.

Cheers, Madison

Saw the Co at the Growth Co. Show, -( again this year) - so I've bought some for my ISA - Yes, this is Full List!.......I hadn't realised. Only 20p a while ago - darn!
Sp working itself up although with a small fallback this month.
Comes with a dividend.
IMHO it's a moderately good prospect, with a business that's essential to our built-environment. They also have wildlife at their quarries, so maybe a bonus for anyone so inclined... to see after the agm in May, usually....

Credit crunch affecting all markets - and ENN is down to 15p (to Buy)....darn again!. Maybe av. dn. soon. It's not as though the stuff goes off...

EDIT 14 July08
Up25% from a real low - yet no Co news, still maybe keep hands in pockets still awhile.
Anticipate a dividend cut at least....
Harrycat,
Agree with your (post 02July, below),, Yet someone wants to buy some, but these Markets are very unforgiving....

"LONDON (Thomson Financial) - Sellers got the upper hand in Ennstone, 4-3/4 pence down at 16-1/2 pence, after the building products supplier warned it is likely full-year turnover and profitability will be materially below current market expectations.

It expects first-half results to be in line with its expectations but said it is likely both aggregate and value-added product sales volumes in the second half will be significantly below the previous estimate.

Ennstone is reviewing its debt levels and banking covenants but pointed out there are no current breaches of banking covenants, which are tested quarterly."

Not one I would put money in to at the moment, but long term could be worth holding on to, imo.

Ah, so! It appears ENN has more assets than it thought - so that means they need more money - eh? Oh well the sp has taken a dive of about20%, even from these recent lows ( I bought at 44p, doh!), and that's that. I'm inclined to wait until there is a Rights Issue/Placing ( PI's never get the opportunity do we?) - and see where the sp goes - sub 10p maybe....oh deary.
+ Harrycat - it looks like they reviewd their Debt and didn't like it!
And ENN looked Rock-solid!

EDIT 15Sept08 - (=the day Leman Bank Burst!) - ENN down 45% (now 10p!!!), - on fears they have to sell part of the US-operation (presumably to get some easy-cash?). Not sure I like the suggestion that "One Party - preferential, etc." Doesn't sound like an "Arm's-length" transaction - will that mean it's sold cheap? Shareholders have seen a destruction of 75% of value...in less than a year!
Arrgh! Yes, I did mention 10p, = double Aargh!

Odd that an offer appears in their hour of need.

Where were they when ENN needed extra funding - looks like waffle, or an opportunistic "cut and run"....Grr


EDIT:(30.Oct.08)...Massive falls -currently abt. 4p - and Shares has this as a SELL - it seems, being allied to "Construction" equates to Housebuilding - although they provide Road-grit, rail-balast etc...so not Housebuilding. However, there is an obvious "connection" with the Market in General and it seems many holders have taken fright.

Two Down Days!
And today a further 40% - w2ho said "rock solid"
-clearly the Debt is the issue...but 2p?
no, I don't get it.

EDIT (21Nov08), Arrgh - seems discussions - just look at this now.
EDIT(02/12/08), - - - sp 1.1/1.35pence . . . . .
EDIT(15/12/080, sp up 25% - yet Sell are greater...huh. . .. yet no Co -news!
(note:- 2x4.5m Buys (after hours) cost just over 30k - someone knows what?)
EDIT(12Jan09)-sp rises[2.5-3.3p]...= 95% as ENN sells a 2.5m asset for 1.2m cash. The cash won't last long AND I smile when MM's can raise a sp on nothing more than petty-cash (having zero effect on the Debt issue).
I wonder what the Consortium plans AND why ENN didn't participate as a stakeholder - could become an "Eden project" with future earnings - which ENN cannot enjoy.... IMHO, Our assets have been sold cheap!...

Oh so it's suspension as Directors have burdened the company. And folks: this is the first year in 20 that the Country needs Grit! ( Snow weather stops Britain)...
-You couldn't write stuff like this!