SPOR
Book= $5.28, NCA=$4.95
Thats as of 12/31 and after adjusting for the tender offer.
The 2nd quarter didnt show a return to profitibility and the extra EXPENSES didnt help. But they also didnt show a huge loss.
It appears that Daniel Zeff did not tender any shares and indeed has resumed buying.
I believe he is up to 18.2%.
He hadnt bought since late June but started buying again after the rights offering results and 2nd quarter results were announced which makes me wonder if he didnt encourage them in that direction and perhaps had non-public info.
14-Feb-07 ZEFF DANIEL
Beneficial Owner (10% or more) 19,800 Indirect Purchase at $4.36 - $4.62 per share. $89,0002
14-Feb-07 ZEFF DANIEL
Beneficial Owner (10% or more) 7,997 Indirect Purchase at $4.22 - $4.45 per share. $35,0002
14-Feb-07 ZEFF DANIEL
Beneficial Owner (10% or more) 11,061 Indirect Purchase at $4.22 - $4.62 per share. $49,0002
29-Jun-06 ZEFF DANIEL
Beneficial Owner (10% or more) 3,000 Indirect Purchase at $4.70 per share. $14,100
26-Jun-06 ZEFF DANIEL
Beneficial Owner (10% or more) 13,400 Indirect Purchase at $4.69 - $4.89 per share. $64,0002
30-May-06 ZEFF DANIEL
Beneficial Owner (10% or more) 2,011 Indirect Purchase at $4.90 - $5.24 per share. $10,0002
24-May-06 ZEFF DANIEL
Beneficial Owner (10% or more) 994 Indirect Purchase at $5.13 - $5.29 per share. $5,1782
22-May-06 ZEFF DANIEL
Beneficial Owner (10% or more) 3,600 Indirect Purchase at $5.10 - $5.16 per share. $18,0002
19-May-06 ZEFF DANIEL
Beneficial Owner (10% or more) 4,371 Indirect Purchase at $5.16 - $5.25 per share. $23,0002
17-May-06 ZEFF DANIEL
Beneficial Owner (10% or more) 2,451 Indirect Purchase at $4.94 - $5.07 per share. $12,0002
16-May-06 ZEFF DANIEL
Beneficial Owner (10% or more) 2,200 Indirect Purchase at $4.95 - $5.08 per share. $11,0002
27-Apr-06 ZEFF DANIEL
Beneficial Owner (10% or more) 3,500 Indirect Purchase at $5.65 - $5.78 per share. $20,0002
26-Apr-06 ZEFF DANIEL
Beneficial Owner (10% or more) 26,394 Indirect Purchase at $5.70 - $6.04 per share. $155,0002
25-Apr-06 ZEFF DANIEL
Beneficial Owner (10% or more) 2,201 Indirect Purchase at $5.34 - $5.59 per share. $12,0002
24-Apr-06 ZEFF DANIEL
Beneficial Owner (10% or more) 6,950 Indirect Purchase at $5.41 - $5.52 per share. $38,0002
11-Apr-06 ZEFF DANIEL
Beneficial Owner (10% or more) 5,975 Indirect Purchase at $5.26 - $5.45 per share. $32,0002
10-Apr-06 ZEFF DANIEL
Beneficial Owner (10% or more) 161,321 Indirect Statement of Ownership
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Sport-Haley, Inc. Reports Second Quarter Unaudited Results
Monday February 12, 12:40 pm ET
DENVER, CO--(MARKET WIRE)--Feb 12, 2007 -- Sport-Haley, Inc. (NasdaqGM:SPOR - News) ("Sport-Haley" or the "Company") today reported unaudited earnings for its second fiscal quarter and six months ended December 31, 2006.
Net sales for the fiscal quarter ended December 31, 2006, were $4,190,000, a decrease of $239,000 or 5%, from net sales of $4,429,000 for the same quarter in the prior fiscal year. Net sales for the six months ended December 31, 2006, were $8,863,000, an increase of $423,000 or 5%, from net sales of $8,440,000 for the comparable six-month period in the previous fiscal year.
The comparative differences were attributable to increases in sales of SPORT HALEY® fashion apparel combined with greater comparative decreases in sales of Ben Hogan® fashion apparel between the respective periods. Net sales of our SPORT HALEY® fashion apparel collections were $1,872,000 and $1,437,000 for the three months ended December 31, 2006 and 2005, an increase of $435,000, or 30%, and $3,178,000 and $2,919,000, an increase of $259,000, or 9%, for the six months ended December 31, 2006 and 2005, respectively. Market conditions for women's fashion apparel appear to be improving, because we continue to experience slight increases in advance orders for our women's collections. Net sales of our Ben Hogan® fashion apparel collections were $2,175,000 and $2,841,000 for the three months ended December 31, 2006 and 2005, a decrease of $666,000, or 23%, and $4,223,000 and $5,189,000, a decrease of $966,000, or 19%, for the six months ended December 31, 2006 and 2005, respectively. While intense competition for floor space remains within the markets for our fashion apparel collections, especially with regard to men's fashion apparel, the majority of the decreases in sales of Ben Hogan® fashion apparel collections between the respective periods relate to a $913,000 sale to a major retailer in December 2005. We did not record such a sale in either the three-month or six-month periods ended December 31, 2006.
As a percentage of net sales, gross profit was 37% for the fiscal quarter ended December 31, 2006, and 37% for the comparable quarter in the prior fiscal year. Gross profit, as a percentage of net sales, was 34% for the six-month period ended December 31, 2006, and 35% for the comparable six-month period in the prior fiscal year.
Selling, general and administrative expenses increased by $253,000, or 18%, to $1,691,000 for the fiscal quarter ended December 31, 2006, from $1,438,000 for the comparable quarter in the prior fiscal year. Selling, general and administrative expenses increased by $250,000, or 8%, to $3,412,000 for the six months ended December 31, 2006, from $3,162,000 for the comparable six-month period in the prior fiscal year. The differences were attributable to increases in the selling, general and administrative expenses with regard to our fashion apparel segment plus the consolidation of the selling, general and administrative expenses of our branded apparel segment. Selling, general and administrative expenses for the fiscal quarter ended December 31, 2006, with regard to our fashion apparel segment, increased to $1,623,000 from $1,438,000 for the fiscal quarter ended December 31, 2005. Selling, general and administrative expenses for the six months ended December 31, 2006, with regard to our fashion apparel segment increased to $3,206,000 from $3,162,000 for the six months ended December 31, 2005. The overall differences were primarily attributable to comparative increases in sales commissions, executive compensation, advertising expenses and various other factors between the respective periods.
Net loss for the fiscal quarter ended December 31, 2006, was ($221,000), a difference of ($320,000), or 323%, as compared with the net income of $99,000 for the comparable quarter in the prior fiscal year. Net loss for the six months ended December 31, 2006, was ($618,000), a difference of ($189,000), or 44%, as compared with the net loss of ($429,000) for the comparable period in the prior fiscal year.
Basic earnings (loss) per common share were ($0.08) and $0.04 for the quarterly periods and ($0.22) and ($0.16) for the six-month periods ended December 31, 2006 and 2005, and diluted earnings (loss) per common share were ($0.08) and $0.03 for the quarterly periods and ($0.22) and ($0.16) for the six-month periods ended December 31, 2006 and 2005, respectively. All securities options were anti-dilutive and therefore excluded from the per share calculations with respect to periods in which net losses were incurred.
SPORT-HALEY, INC.
Consolidated Unaudited Financial Information
(In thousands, except per share data)
Three Months Ended Six Months Ended
December 31, December 31,
------------------ ------------------
2006 2005 2006 2005
------- ------- ------- -------
Statements of Income Data:
Net sales $ 4,190 $ 4,429 $ 8,863 $ 8,440
Gross profit 1,555 1,637 3,057 2,942
Total other operating costs 1,843 1,613 3,774 3,500
Income (loss) from operations (288) 24 (717) (558)
Other income (expense), net 84 77 162 130
Net income (loss) (221) 99 (618) (429)
Diluted earnings (loss)
per common share ($0.08) $0.03 ($0.22) ($0.16)
Diluted average weighted
shares outstanding 2,770,000 2,968,000 2,770,000 2,728,000
December 31,
------------------
2006 2005
------- -------
Balance Sheets Data:
Current assets $ 15,371 $ 16,556
Total assets 16,129 17,292
Current liabilities 1,732 1,598
Long-term liabilities - -
Shareholders' equity 14,397 15,694
--------------
Sport-Haley, Inc. Announces Final Results of "Dutch Auction" Tender Offer
Thursday February 8, 11:49 am ET
DENVER, CO--(MARKET WIRE)--Feb 8, 2007 -- Sport-Haley, Inc. (NasdaqGM:SPOR - News) (the "Company") today announced the final results of its modified "Dutch Auction" tender offer, which expired at 12:00 midnight Eastern time, on Thursday, February 1, 2007.
Based upon the final tabulation by the depositary for the tender offer, 1,357,698 shares of common stock were properly tendered and not withdrawn, and 485,762 of such shares were tendered at a purchase price of $4.80 per share. Sport-Haley, Inc. intends to exercise its right under Section 1 of the Offer to Purchase dated January 3, 2007 (the "Offer to Purchase") and applicable SEC regulations to accept all 485,762 common shares tendered at $4.80 per share, without proration. In Section 1 of the Offer of Purchase, we reserved the right, in our sole discretion, to purchase in the Tender Offer an additional number of shares over the 472,000 shares we sought in the Tender Offer, not to exceed 2% of our outstanding Common Stock, without amending or extending the Tender Offer. These 485,762 shares represent approximately 17.5 percent of the common shares outstanding as of January 3, 2007.
The depositary will promptly pay for the shares accepted for purchase and will return all other shares tendered and not accepted for purchase or withdrawn. After completing the Tender Offer, Sport-Haley, Inc. will have 2,284,490 shares of common stock outstanding. |
