Tipped as a buy in the Independent today.

CHECK what I Have said. I think your a gud un, your a good guy as far as im concerned. Nothing like that cattle truck up their. Thumb up from me DB.

ps, keep the good work up and try a post .or two on the chart attack thread .

appreciated GF.

having had a look at their financials after gf's comment on 14 above we would agree that there appears to be a serious cash problem, they seem to need to raise some cash pronto.

TCG also had a serious cash problem, halifax and the company nearly went kaput - look where the TCG share price dropped to and where it is now. The Board of CSG, similarly to the Board at TCG, realised that they needed to modernise and change in order to improve. " Diversify and strengthen" in the words of the CSG Board just recently.

News » UK » Sweett board fights back and claims majority support » published 10/04/2013

Sweett board fights back and claims majority support

The battle for control of quantity surveying practice Sweet Group has heated up today, with the current board claiming majority support and effectively calling its challenger an emotional liar.

Last month former Sweett chairman Francis Ives launched a coup attempt to return as chairman in place of incumbent Michael Henderson.

Sweett’s board is recommending shareholders reject Mr Ives’ proposal and said that it remains fully behind Mr Henderson.

Mr Ives owns 4% of the company still and last month claimed the backing of a further 10% of shareholders.

The Sweett board says that it has letters of intent from holders of 41.4% of the company's shares to vote against Ives’ resolutions and indications of support from a further 8.7%, giving it a total of 50.1% currently.

In a statement calling for support from shareholders, Sweett directors said: “The board believes Francis Ives is motivated by emotion and that he wants his old job back. Francis Ives wants to be executive chairman - a clear breach of best practice corporate governance. The board does not believe that Francis Ives is the right person to lead the group.”

Effectively accusing Mr Ives of spreading lies, the board added: “The requisitionists have stated they are concerned about retention of talent – there has been no significant loss of senior talent from the group. The requisitionists claim the group is excessively indebted to its bankers and vendors of acquired businesses and avoided administration only because these parties waived their entitlements – this statement is false. The requisitionists claim that Michael Henderson refused to consider a fundamental financial and strategic review – this statement is false.”

The board said that since Mr Ives left the company three years ago, it had made "significant progress" towards becoming a globally diverse business. “The responsible and considered approach adopted by the board and operational management teams in moving into new geographies and sectors has enabled Sweett Group to withstand the highly challenging conditions in its core markets whilst continuing to deliver growth,” the board said.

Senior independent director Nicholas Woollacott said: "The recent announcements of new commissions spread across the group's regions and sectors, as well as the record order book and robust interim results, give the board confidence in its current team, strategy and in the outlook for the group.

"Not only has Francis Ives failed to articulate a cohesive strategy, he has also made clear his desire to return to the group as executive chairman, demonstrating an attitude towards corporate governance which is not consistent with the standards expected of a publicly quoted company.

"Michael Henderson has the board's unequivocal support in his role as non-executive chairman and has been instrumental in the group's development into the diverse and global business that it has become in recent years.

"The board, which commands 12.4% of the vote, will be voting against all the resolutions and strongly recommends shareholders do the same. The group has received letters of intent to vote against all the resolutions from 41.4% of the share register. In addition, certain other shareholders representing 8.7% of the share register have indicated their support to vote against all the resolutions."

The general meeting of shareholders takes place in London on 9 May 2013 at 10am.

Positive trading update on 22nd July has sparked this into life again.

doodlebug4.

A buy in this weeks IC - The shares are too lowly rated on just 8 times forecast earnings.

Well done chaps.

Thank you for that dreamcatcher, I didn't know.

Doing well, as skinny said well done.

Another sky bound chart!

It's never looked back since changing the company name to Sweett Group and leaving Cyril behind - apologies to anyone out there called Cyril.

RNS Number : 8025M
Sweett Group PLC
30 August 2013
30th August 2013
Sweett Group plc
("Sweett Group", the "Company" or "the Group")
AGM Trading Update
Michael Henderson, Chairman of Sweett Group, will make the following statement on the Group's current trading at the Annual General Meeting to be held later today.
"Following the trading update released on 22(nd) July, I am particularly pleased to inform shareholders that your Company continues to perform strongly and that the Board anticipates that the Group's results for the year ending 31(st) March 2014 will exceed management expectations. The performance for the remainder of the first half of the current year is encouraging across all of our operating regions, including a greater level of activity in our domestic UK market. As a result, I can report that the improved trading in the first quarter of this financial year announced on 22(nd) July is showing evidence of continuing in the second quarter. Furthermore, we are confident that the outlook for Sweett is very positive.
"The current order book is GBP102.5m (August 2012: GBP90.2m). Net debt at the end of July 2013 stood at GBP6.3m with an expectation of further reduction being achieved by 31(st) March 2014 and improvement in lock-up continues to be pursued vigorously.
"Looking to the future, Sweett continues to make strong progress. This is being driven by focused management, execution of the 3 year strategic plan and improved market conditions. Our prospects for the medium and longer term also look good and we have every confidence that this momentum will be maintained. It is my belief that within the next two years Sweett Group can grow to a GBP100m turnover business with margins recovering to 7-8%. The Board looks forward to providing a further update in mid-October 2013 following the end of the half year."
A presentation will be given to shareholders present at the meeting which will be made available on the Company's website www.sweettgroup.comfollowing the conclusion of the meeting.

Sweett Group wins HK tunnel contract
StockMarketWire.com
Sweett Group has secured a commission to provide cost management services for a 2km submerged cross harbour rail tunnel in Hong Kong.

As part of a team led by engineering firm AECOM, Sweett Group will provide cost management services for the 4th Cross Harbour Rail Tunnel, part of the Shatin to Central Link (SCL) railway, including cost planning, bills of quantities and tender cost estimates.

The project works include temporary reclamation, immersed tube tunnel under the Victoria Harbour, cut-and-cover tunnel, ventilation building, marine piling and the reprovisioning of a finger pier.

The tunnel construction is scheduled for completion by 2020.

Funded by the Hong Kong government and delivered by the MTR Corporation, Hong Kong's rail infrastructure developer and operator, the 4th Cross Harbour Rail Tunnel will run from Causeway Bay, on Hong Kong Island, under the harbour to Hung Hom station, in Kowloon.

Target 58p

05 Sep 2013 Sweett Group PLC CSG Westhouse Securities Buy 44.25 43.25 58.00 58.00 Retains

RNS Number : 8926N
Sweett Group PLC
13 September 2013





Sweett Group plc



("Sweett Group" or "the Group")



Opening of New Jersey Office



Sweett Group, the international property and infrastructure consultancy, is pleased to announce that VVA Sweett Inc., the Group's North American joint venture with VVA, has opened an office in Mountainside, New Jersey (NJ), North America. VVA Sweett Inc, has offices in New York, Washington DC, Los Angeles and Boston. John Crandall*, a highly experienced project manager and veteran of the NJ real estate market, will serve as Managing Director. This marks another significant step in achieving Sweett Group's long-term growth strategy and expansion of its global platform in North America.



Dean Webster, Chief Executive Officer of Sweett Group, said, "We are extremely pleased to announce VVA Sweett's further expansion and our ability to serve the needs of the Jersey real estate market."



Lorenzo Vascotto, Founding Partner and Managing Director of VVA LLC, commented "VVA Sweett New Jersey will serve this robust marketplace, while leveraging the firm's global expertise and resources. 2013 has been an exciting year, marked by our expansion into New England with an office in downtown Boston, and followed by the opening of a West Coast office in Los Angeles. The NJ office advances an already successful initiative."

Looking at the chart - where do we go from here? The move North has been pretty relentless.

Very nice chart. :-)) well done all. To infinity and beyond. lol

The Independent must be feeling quite pleased with themselves - tipped this on 28th March.:-)

Unfortunately I am just a spectator! :-(