Too much of a good thing

Article Abstract:

Boxmore International is a packaging company from Northern Ireland that carried out a stock flotation in 1989 and peaked with a gain of 900% in 1996. The stock price has since fallen from the peak of 3.44 pounds sterling to 1.15 pounds. The company reported immpressive figures for profit growth and had capital expenditure levels higher than profits. The company was affected by a downturn in the industry as a whole, but also underperformed the sector in 1998. Closer examination shows that its figures should not be taken at face value.

Plastic Containers, All Other Plastics Product Manufacturing, Plastics products, not elsewhere classified, Management, Packaging industry, Boxmore International PLC

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Investors to quiz Crown board

Article Abstract:

Crown Products stockholders are to meet to approve the sale of stocks in a subsidiary. Stockholders will ask the company's chairman, Michael Hughes, about stock sales prior to a collapse in the company's stock price in 1996. meanwhile, a stock placing has been revealed to have succeeded only after manipulation. There was insufficient demand for the stocks, and the chairman and Brook Corporate Finance, his adviser, applied for stocks but their checks were not to be cashed until the stocks had been sold.

Game, Toy, and Children's Vehicle Manufacturing, Games, toys, and children's vehicles, Toys, Gift shops, Gift stores, Crown Products

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When the boss really backs the business

Article Abstract:

Investors may see corporate directors' dealings in their companies' shares as useful indicators. The figures for such dealings are not easy to analyse. Directors may sell shares for personal reasons such as to buy a home or after a divorce. The results appear to be above the performance of the stock market as a whole, but there is margin for error and the performance is not spectacular. Investors should be wary of buying when directors dealings are linked to dynastic considerations and flotations.

Corporate directors, Investments, Corporations

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