Christie Share Discussion Threads

[cfro] 10/4/2024 17:53

Results date set for end of month - 29th then.

I read that Lord Lee thinks this could be taken over with a possible take-out price of around 300p..

I do not know how he came to this figure but with sales of c. £69m it would only equate to a price to sales ratio of just over one which would be a very reasonable valuation.

I've long thought myself that a trade buyer (or private equity with a view to them themselves selling on to a trade buyer) might move on this but nothing has happened yet and there has been plenty of chances for that to have happened by now. Also i've no idea who might ever be interested..

[sludgesurfer] 25/3/2024 18:44

Thanks. Got it now. It was published in the main edition on Wednesday last week so likely explains the smaller thurs/Fri rises.I like John Lee and I've done well from a couple of his tips but he's got a few turkeys on the books at the moment. Maybe they'll fly one day.For those without a subscription, you can view the article behind the payroll by typing "John Lee a year of takeovers" into Google and clicking on the top link.

[irenekent] 25/3/2024 17:43

Noted by John Lee in FT Money this weekend.

[sludgesurfer] 25/3/2024 13:48

"Corpse twitch"....haha...like it.Nothing I've seen which explains the rise. Decent volume in it too. Too early for speculative buys ahead of results so I'm really not sure....Maybe the corpse will burst into life.

[spectoacc] 25/3/2024 12:49

Decent corpse-twitch from those lows, been a tip anywhere?

[cfro] 29/2/2024 16:16

I do think these are very undervalued but the next set of results won't look too good but they did say a couple of weeks ago that they have now turned a corner so we will have to wait and see i guess..

[sludgesurfer] 29/2/2024 16:14

Yes. I like this company but sentiment seems weak with any negative announcement heavily sold into.Tempted to pick up more. I'm just not sure what the catalyst is to give the price a boost. April results obviously important.Very illiquid so the spread is normally pretty wicked.

[spectoacc] 29/2/2024 16:11

Agreed. Difficulty is figuring out whether that's justified.

A portfolio of CTG & others would likely do v well - proper microcaps.

[cfro] 29/2/2024 16:07

Certainly feels that way Lol..

I retain a small holding here myself. Looks like there are a few buys coming in today to mop up the sales. It doesn't take much in the way of selling to knock the price.

Companies like this are very much under the radar and ignored by the vast majority of investors. That's the main problem i feel.

[spectoacc] 29/2/2024 13:43

Does this only move in one direction?

Edit - averaged a few, not expecting fireworks but expecting them to look a lot different say a year from now.

[cfro] 13/10/2023 09:39

They today say that if transactions fall into the next FY then there is a chance they might make zero profit for this year..

[cfro] 29/9/2023 08:50

A little while ago i came across this article by Richard Beddard:





Clearly the loss-making SISS division is problematic. It has been losing money since 2015. I dont know myself but it does look like technological disruption by other newer competitors is inflicting damage and the reason why it is struggling (as RB cites in his article).

This needs urgent addressing by the new CEO and management team. Whether the division can ever be bought back to profitability is a good question perhaps..

[cfro] 07/8/2023 15:07

While you are wondering if the future is more independents on the board of the company, i am wondering if the company will even stay independent in the future..

After all Mr Gywn isn't getting any younger (however there are his next generation on the shareholder list).

[vprt] 07/8/2023 12:41

Perhaps an independent (separate) Chair could have ensured that the CEO, who was years past the date on which he was entitled to retire (with a generous pension), could have departed in a more graceful and less costly way - here David Rugg has been on both sides of the table wrt his own arrangements, with a board dominated by executives - for years shamefully disregarding governance best practices with the flakiest of excuses. Let's see how the cost comes out. Lord Lee, Gwyn and other shareholders have been too kind to this self-serving group of executives for too long. It is probably too optimistic, but I hope to see a majority of NEDs (Gwyn + independents) at some point - so that the next horse does not bolt in the same way.

[battlebus2] 07/8/2023 10:33

Substantial.

[davidosh] 07/8/2023 10:30

How big will the pay off to the Chair and CEO be?

[cfro] 07/8/2023 09:02

Might have been part of the reason why the CEO was asked to leave.

[andre] 07/8/2023 08:09

Wow. Hell of a markdown by the MM's here. That drop isn't from the trades, just on the statement. Harsh.

[battlebus2] 13/7/2023 14:54

Markets liking the resignation it seems.

[vprt] 11/7/2023 23:37

Hi CFRO: If you are interested, please see my old posts for a perspective on their tragicomic governance... I hope the board now becomes more shareholder-friendly - the departure was already one step in that direction IMHO.

[cfro] 11/7/2023 07:29

I see the sudden departure of Chairman and CEO David Rugg. He's been there for years and both he and his family have large shareholdings.

Seems strange, i wonder why the abrupt departure.

[sludgesurfer] 10/5/2023 10:07

This has been going rather well of late after an excellent recent update. Turned into one of my larger holdings.

[sludgesurfer] 10/3/2023 11:10

I note from John Lee's column on March 7 in the FT that he has been adding CTG to the extent that his holding is now notifiable.

[sludgesurfer] 09/6/2022 08:42

Tipped again by John Lee in the FT last week. Likely explained the small flurry of buys on the day.

[melloteam] 22/5/2022 13:31

Mello2022, the popular three-day Investor event takes place on 24TH-26TH MAY at the Clayton Hotel & Conference Centre, Chiswick, W4. The breakdown of the three days is as follows:

Tuesday 24th May, 9am - 6pm - Mello Investment Trusts and Funds (WE ARE GIVING AWAY 20 FREE TICKETS TO THE TRUST AND FUNDS EVENT - THE FREE CODE IS FIRST20TF)

Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies (Tickets for 1 day are £115 and tickets for 2 days are £189. To get 50% off, use code MMTADVFN50).

Just to let shareholders and prospective investors know that CTG will be among the companies discussed on the BASH (Buy, Avoid, Sell, Hold) panel on Wednesday. There will also be keynote speakers such as Lord John Lee, Leon Boros, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams.

For more information, please visit the event webpage: