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CRO Creon Res

0.53
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Creon Res LSE:CRO London Ordinary Share GB00B02TDY97 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.53 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.53 GBX

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Posted at 14/11/2013 22:22 by oilbuy
Thanks Nap.share price sitting quietly as we await news on many fronts
Posted at 22/10/2013 10:27 by share_shark
My Alert system is full of the information that Beaufort SEC recommended Wishbone. I cant find the exact information but its there, if one wishes to look.

I have not seen any trades whereby investors have bought any of that 8.5mill that BS purchased from the seller of that stock, so they will be waiting for good news inorder to sell their stock, as the share price rises. Dont forget, it will be at a price BELOW the market price of the stock at the time, in order for BS to encourage their investors to BUY the stock from them. INMHO and DYOR.
Posted at 30/9/2013 07:29 by napoleon111
Yangzijiang Block Trade of 55.18m Shrs Crossed at $S1.12
By Grant Clark
Sept. 30 (Bloomberg) -- Trade crosses at 11:55am, according to Bloomberg data.
Price is 3.9% below Friday's close
Represents 1.4% of shrs outstanding: Bloomberg calculation
Holders with more than 1% incl. Newyard Worldwide, Lido Point, Hongkong Hengyuan, Almond Beach, Mediterranean Success: Bloomberg data
Posted at 26/9/2013 22:09 by outspan
Ta shareshark, intending to stick around to enjoy the future riches. Might be slow burning in some respects but massive, really massive. I don't think these exec and other announcements are for nothing so maybe we'll be seeing a different impetus shortly. Not blind to chance of a raise to get into even more big pies. Wouldn't change my thinking, would just make me even more keen, just look at the names involved and the projects so far - quality.

Funny day for me. Been gathering some LEG recently, seems mostly out of favour against how some with lesser credentials have gone on this last couple of months but broker note and results statement (both on website) cover a number of investments any one of which (they say) could do multiples of the current LEG market cap. I'm thinking, what if they all do so took a look at those they rate as the strongest investments which brought me to CRO and particularly like shared Exec Zafar Karim. Is it the strictly season because I think they may be about to tango together!

Then by chance saw the truly massive AMI news this morning and me thinking I'd seen something about a neighbouring resource to that one which turned out to be in the same research ie LEG's investment in SULA, apparently just to the North of Tonkolili. Market needs to catch on, SULA looks totally friendless since listing. Despite currently progressing the definition of their resource which appears to have gone very well, the share price has more than halved. Now this AMI news, so thought I'd take a direct punt there too in case the market wakes up or maybe even a Chinese bid? NAI obviously. GLA
Posted at 13/9/2013 08:55 by napoleon111
Analysts upbeat on Yangzijiang Shipbuilding

Sept. 13 (Business Times) -- ANALYSTS are tipping that Yangzijiang Shipbuilding Holdings would build on its strong showing over the next two years because of a strong pipeline of new orders and industry consolidation in China.
They have raised their ratings on the stock, citing the strong order book and expectations that the company would see even more orders in coming months.
Credit Suisse raised Yangzijiang to "outperform" from "neutral" and lifted its price target to $1.30 from $1.10 as it expected the group to benefit from a recovery in newbuild orders, given its strong financial position and low production cost.
DBS also boosted the Chinese shipbuilder to "buy" from "hold" and increased its price target to $1.22 from $1.02 on expectations that order flow would gain momentum as a result of the lower price of new vessels and increasing freight rates.
Yangzijiang shares, which surged 6.1 per cent on Wednesday to $1.04, yesterday gained another 5.3 per cent to end trading at $1.095.
The company said on Wednesday last week that it had converted four newbuilding options worth US$110.4 million to firm orders. The two 1,100-TEU containerships and two 82,000 dwt bulkers are slated to be delivered by 2015. In July and August alone, the shipbuilder secured eight shipbuilding contracts worth US$214 million. For the year to date, the number of shipbuilding contracts is 35, worth a total of US$1.22 billion.
More may be in store for Yangzijiang as it has 51 options worth US$2.87 billion from a host of customers. This is made up of 22 for containerships worth US$1.79 billion, and the rest for multi-purpose bulk carriers worth US$1.08 billion.
In a recent report, UOB Kay Hian analysts Lawrence Li and Nancy Wei said: "Among state-owned enterprise (SOE) shipyards, Yangzijiang's market share in the first half of 2013 was a remarkable 30 per cent. We expect the order-winning momentum to persist in the second half of 2013."
Given Yangzijiang's strong order book, UOB Kay Hian expects the full-year order target of US$2.5 billion to be achievable as the group's newbuild order cycle is believed to have bottomed out.
Changes in Yangzijiang's operating environment could also benefit the company's orders. Deutsche Bank analyst Kevin Chong noted that consolidation of the Chinese shipbuilding sector over the next few years should see government-related shipyards and healthy private yards become stronger, while weaker and/or smaller yards could lose market share and eventually exit the industry altogether.
Yangzijiang should benefit from such consolidation, he reckoned, given its strong track record of capturing new orders so far this year.
Deutsche Bank last week upgraded Yangzijiang to "buy" and raised its target price to $1.15 from $1.00 on hopes that the potential exercise of new orders could drive the stock up, while increasing net income for the shipbuilder for FY2013/2014 and FY2014/2015.
UOB Kay Hian noted that Yangzijiang had been active in acquiring small yards to expand capacity, such as Changbo and Xinfu. Together with a robust balance sheet, it said, the group should have no difficulty in getting loans from banks, which could create consistent profit from sizeable held-to-maturity (HTM) financial assets and bring in more newbuild orders.
CIMB shared its optimism. "Enquiries are strong and if Yangzijiang can secure more than US$2.5 billion in 2014, its earnings could swing from -2 per cent year-on-year to +1 per cent in the 2015 financial year," its analyst Lim Siew Khee said in a recent report. "We conservatively forecast US$2 billion of orders for the 2014-2015 financial year."
CIMB recently raised its long-term rating on Yangzijiang to "outperform" while upping its target price to $1.25 from $1.00.
Posted at 29/8/2013 15:06 by share_shark
Certainly something other that contracts, results, new investor on the horizon for CRO methinks. :-)

Juts look at this now.

Beaufort once again and this time recommendation, via the back door for CRO, via LEG !. Hmmmmmmmmm



Thursday, 29th August 2013




Legendary Investments (LEG.L) - Speculative Buy at 0.1p

Over the last few years, Legendary has been recapitalized and quietly built up a diversified and strong investment portfolio. Its proactive strategy is to build value in its investments through more than just the provision of capital. The listing of three of Legendary's investments and its exit of Fastnet validate its strategy. However the real value lies in the value being built up, particularly in VS and Bosques Energeticos, which is not reflected in its NAV, nor in Legendary's share price. Its listed resource investments, while doing all the right things, are currently AIM and TSX-V "out of favour" mining companies. The value being created in Creon is also a potential game changer. We believe the shares are undervalued. SPECULATIVE BUYRead the full report.
Posted at 29/8/2013 13:23 by mike111d
Certainly looking to be a good year for CRO, the share price will reflect this at some point I am sure.
Posted at 29/8/2013 10:21 by share_shark
Here it is............Beaufort Securities aka HBmarkets before.


Creon Resources (CRO.L, 0.68p) - Speculative Buy
Yesterday, Creon Resources announced that Jiangsu Yangzijiang Offshore Engineering, in which Creon has an 18.6% interest, has completed the detailed engineering phase for the construction of its 350 feet Le Tourneau self-elevating mobile offshore jack-up drilling rig. The company said, Jiangsu Yangzijiang is now expected to begin the execution of the project. The detailed technical engineering work which lasted seven months was undertaken in collaboration with Explorer 1 (owned by Mena Offshore Investments Limited). In two years, the rig is expected to be ready for commissioning, the company informed. The share price rose 9.6% yesterday.

Our view: Creon is having a busy year. Le Tourneau, the first rig order worth US$170m, secured by Jiangsu Yangzijian is on track for delivery. The self-elevating rig complying with the modern and sophisticated engineering standards is expected to have a working life of up to 20 years, with the probable commissioning within two years. In April, the company acquired 49% stake in MGR Resources, a ferrous metal and ore trader, with returns expected to begin from H2 2013. Given these positives and the strong progress at the Le Tourneau rig, we are optimistic about Creon's future prospects. We reiterate a Speculative Buy for the stock.
Posted at 03/8/2013 17:23 by oilbuy
The 50 DAY SMA has been crossed. The 100 DAY SMA acted as resistance. Were sitting just below the upper bollinger band an increase in volume should see the share price north to start a new trend.

The share price is at a crossroads in what could be a very interesting time for the company. Let's see if the momentum can continue.



Oilbuy
Posted at 31/7/2013 08:55 by napoleon111
hi xcap, re the past few posts, the slow down in china could have a serious effect on a lot of sectors, not least the off shore services market. from a general shipping point of view the dry bulk/tankers market takes the brunt of it, whereas offshore rigs and the likes a little more resistant to global economic slowdown (aka china slowdown). In relation to CRO, a number of things are very clear, 1) they seem to have a very very good JV tie up, and 2) this share price is stupidly low regardless of what any one says...thats about it really, simples :)
picked up a few shares in 2 co's yesterday but kind of wishing i got a few more here, had to choose between a number of them!
2%, at that rate we will be a long time to get back to our highs :D but its all welcome
Creon share price data is direct from the London Stock Exchange

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