Abingdon Cap Share Discussion Threads

[ntv] 18/4/2004 17:11

epic code is fl.

[simonevans] 16/4/2004 22:22

Big announcement today - Bright Things AIM float at the end of the month in a £4.5m placing - broker and NOMAD are CS - This will equate to another relatively sizeable fee - up to £500k I expect. CS appear to be trading very well - amazing the share price doesn't respond!

[hugepants] 15/4/2004 23:33

Do you have a link?

[ntv] 15/4/2004 20:53

4leess floated

[ntv] 13/4/2004 16:43

4less floatation soon

[ntv] 11/4/2004 16:50

www.corporatesynergy.co.uk

[ntv] 09/4/2004 10:28

valued at just over £7m and with over £5m in liquid assets this stock is far to cheap
the two main businesses are Corporate Synergy(stock broking) and Mountcashel
with the pending launch of its 25% owned hedge fund manager in May this stock could go a lot further
recent director purchase at 15p
losses last year almost all down to to start up costs relating to hedge fund set up
the company
pays a dividend
plenty of room to expand ,Corporate Synergy its stock broking arm(though this may eat into the cash pile a tadge as it expands)
Corporate Synergy is now profitable
web site

www.corporatesynergy.co.uk

the current market capitilization is ridiculous considering how the company is performing

[hugepants] 06/4/2004 12:31

Market cap is only 7M now by my calcs (the ADVFN figure is wrong since only 57.5M shares in issue)

With 5M net cash the business, now trading profitably is only being assigned a value of 2M. Company claim most of the losses last year were due to investment in Mouncashel. This has now stopped.

The Multi Group stake worth another 0.75p? (cant remember exactly) on NTAV?

Transactions so far for 2004 are here;

So at the current rate they will do twice as many transactions as 2003.

A director paid 15p a share for 10% of the company in January.

OK these are the positives. The main negative is that despite strong growth the business is still very small with revenues of only 1.75M. Also they may spend more cash expanding CS. I guess this should be good but I like the cushion of the big pile of cash. I bought some this morning at 12.2p but I think the MMs have a lot of stock.

[ntv] 05/4/2004 22:31

simon,how about starting a new thread along the the lines"this is the cheapest stockbroker listed on the LSE"

[simonevans] 03/4/2004 11:24

Just read the accounts - could sell themselves a bit more imo. I have one concern/question with the accounts. There is no disclosure at all on their promising investment, M&P Direct plc. The investment was £330k last year, but it is unclear whether or not it has been sold during the year. If it has been sold then surely it needed some disclosure. I think it may have been sold which is part of the profit in the year of £176k on investments. I suspect that this might have been done so that Corporate Synergy can act as NOMAD and broker to list the co. on AIM. May or may not be correct...just a hunch. Either way, disclosures are just not good enough. They could still hold the investment as unlisted investments are still £446k - just don't know.

The Company needs to get more transparent if it wants a better share price. Still very cheap, given £5.4m of net assets and a number of options/warrants (e.g. Multi Group)that are not held in the balance sheet.

[ntv] 02/4/2004 10:06

looks like most of the investment community failed maths at school
mind you i failed english!

[ntv] 30/3/2004 17:54

if you take the net cash off the current mkt cap you get mountcashell and corporate synergy for £2.5m ,think thats a tadge undervalued

[ntv] 30/3/2004 16:51

hope the mega trade in multi group is anc selling out

[ntv] 30/3/2004 16:33

sorry targatarga didn't mean buy multi group meant that anc investment was agood one they bought in at 1p

[targatarga] 30/3/2004 10:12

NTV - currently hold both. I keep topping up when funds allow. regards

[ntv] 30/3/2004 09:40

multi group one looks good

[simonevans] 30/3/2004 08:33

My quick comments - Hedge fund look very interesting, CS results will be much better in 2004; only disappointment was news over investments, athough seem to be turning some of these over as a profit. Potential in 2004 is for both divisions to do well.

[latifs100] 30/3/2004 08:12

great news, adding for dividend.

[ntv] 29/3/2004 17:17

results out tomorrow

[ntv] 29/3/2004 08:45

Gavin Casey joins Abingdon Capital's board

Abingdon Capital plc, AIM-listed provider of corporate finance advice, is
pleased to announce that Gavin Casey is joining its board as a Director with
immediate effect. Former Chief Executive of the London Stock Exchange, Gavin
Casey became Chairman of Corporate Synergy, Abingdon Capital's wholly-owned
subsidiary, in September 2003.

Over the last six months, Gavin Casey has helped guide the expansion of
Corporate Synergy. As part of this expansion, in late 2003 Corporate Synergy
added a new corporate broking business to its existing corporate finance and
private equity activity. Sincethen the broking business has successfully
completed institutional fundraisings for a number of clients including 1st
Dental Laboratories plc, The 4Less Group plc and CMS WebView plc.

From 1996 to 2000, Mr Casey was Chief Executive of The London Stock Exchange
where he introduced a wide-ranging programme of modernisation and profit
improvement. Before this he was Group Finance Director/Chief Operating Officer
of international securities house Smith New Court from 1989 to 1996. He is now
an investor in and Chairman of various companies including Tragus Holdings
Limited and Knowledge Technology Solutions PLC.

Oliver Vaughan, Chairman of Abingdon Capital plc, said:

"We are very pleased that Gavin Casey is joining Abingdon Capital's board. As
Chairman of Corporate Synergy he has led the company through its recent
expansion and his City experience and contacts will be important as Abingdon
Capital also grows its businesses."

The directorships held by Gavin Frank Casey (aged 58) over the five years
preceding the date of appointment are as follows:

Current: Tragus Holdings Limited, Lawrence plc, Eagleswift Limited, Tellings
Golden Miller Group plc, Corporate Synergy Holdings Plc, Corporate
Synergy Plc,Knowledge Technology Solutions PLC.

Previous: London Stock Exchange plc (resigned September 2000), Citex Group
Limited (resigned March 2002), Mosaic Software (resigned August 2003),
Kinetic Information Systems Service Limited (resigned November 2003).

Mr Casey and his wife own 1 million shares in Abingdon Capital plc, which
equates to 1.73% of the Company's issued share capital. In addition, on 7
October 2003, Mr Casey was granted an option to subscribe for 1,000,000 shares
in the capital of the Company at an exercise price of 7p per share.

[ntv] 27/3/2004 13:15

thanx simon

[simonevans] 27/3/2004 08:31

Another AIM listing in the pipeline:

Jarvis Investment Management plc Newstrack Announcements 26/03/2004

Nominated adviser appointed for AIM listing

As announced on 9th February 2004, the Company proposes to move from OFEX to
AIM. The move is anticipated to take place shortly after the half year and to
assist with this process the Company is pleased to announce the appointment of
Corporate Synergy Plc as its nominated adviser and Broker.

The directors of the issuer accept responsibility for this announcement.

[ntv] 26/3/2004 08:52

results due any day