Abingdon Cap Share Discussion Threads

[ntv] 04/5/2004 22:28

simon-i also moaned that their web site was not kept up to date ,not good for prospective clients to look at and ev said he noticed that when he looked at it and assured me that it was now being sorted

[simonevans] 04/5/2004 22:01

NTV - Thanks for your post - some very interesting comments. Bet you are glad that you went along now. Sounds very bullish, and you didn't mention the real prize - CS. M&P comment was interesting - why didn't they mention this in the accounts? - it looked like they had sold their investment...talk about a low profile approach!!

ps if cash is still at broadly the same level then that is encouraging as I think the CS bonuses will have been paid since the y/e

[ntv] 04/5/2004 21:47

interesting agm
7 people attended(5 from anc!)
imminent announcement on mountcashel
anc will invest £2m
they are bullish about the prospects for mountcashel (espcially so oliver vaughan)
m&p coming to the market at a price substancially above current valuation in balance sheet
current cash balance very similiar to year end

[hugepants] 03/5/2004 21:20

We missed this one.



Corporate Synergy helps raise £4.5 million for Bright Things PLC
30 April 2004

Corporate Synergy helps raise £4.5 million for Bright Things PLC
Corporate Synergy, the corporate broking and advisory service for growing companies, has successfully raised £4.5 million, with Kelton International Limited, for Bright Things PLC which will be admitted to the Alternative Investment Market (AIM) today. Corporate Synergy acts as nominated adviser, joint financial adviser and broker to Bright Things, which is developing an interactive educational toy. Aimed at the pre-school market, the platform is a child-friendly electronic device that transforms a DVD player into an interactive games system.

Bright Things will use the funds, raised via an institutional placing, principally for the development of the product and for the creation of a range of associated DVD software. The money will also be used to secure licences from established children's brands on which the software will be based.

Corporate Synergy's broking division has raised over £15 million through institutional placings for AIM-listed companies, including 1st Dental Laboratories plc, iTrain plc and The 4Less Group plc since October last year.

Justin Lewis, Head of Broking at Corporate Synergy, commented:

"We're delighted to have helped Bright Things raise £4.5 million. The clear success of our new broking business reflects the strong understanding and experience Corporate Synergy has of the needs of growing companies."

For further information please contact:

Justin Lewis
Corporate Synergy
020 7626 2244

Neil Boom/Jenny Leahy
Gresham PR Ltd.
020 7404 9000
Notes to editors

Corporate Synergy Plc is a provider of corporate broking and advisory services to growing companies. It became an integrated house, with both corporate finance and broking divisions, in late 2003 and specialises in advising companies on the Alternative Investment Market (AIM). It is a subsidiary of Abingdon Capital plc, whose shares are themselves quoted on AIM.

Founded in 1992, Corporate Synergy has expanded to become a company which aims to provide objective, value-added advice for smaller companies, and prides itself on its relationship-based service.

The broking division is focused on the provision of balanced research on smaller quoted companies, which is distributed to relevant investors, predominantly institutional, with the aim of increasing a company's profile and to facilitate investors' understanding of its business.

The corporate finance arm of Corporate Synergy provides advice to quoted companies on a range of activities including flotations, secondary fund raisings and takeovers. Corporate Synergy also acts as both a nominated adviser on the Alternative Investment Market and as a sponsor on the Official List.

[william-just] 03/5/2004 08:16

6 no momentum even in a bull market
who said we are ina bull market we are lucku to stay stable at the mo
when the bull is released it will be mayhem but not like the 2000 run

[simonevans] 01/5/2004 09:52

The Jaberman - I will answer your questions:

1. better value elsewhere in sector

I disagree. This is the cheapest advisor/broker versus net assets on the LSE as far as I am aware. Prove me wrong with an example!

2. this is overhyped

Disagree. 200 posts in a couple of years hardly falls into that category!

3. no volume today or this month at all

Volume is low, but that does not necessarily represent a bad thing. Sounds like you just want to follow the heard.

4. no buying going on

Disagree, although volumes are low. Again, follow the heard if you want to.

5. no city interest

Why has Gavin Casey joined? Look ahead, not backwards. This company is making progress.

6. no momentum even in a bull market

Depends whether you are a momentum investor or not. Again momentum investing is not the only way to invest.

7. other companies are acquiring clients left right and centre and making profits

So are Corporate Synergy. They have delivered a large number of deals in 2004 since they have become a broker. A very impressive record.

[hugepants] 29/4/2004 21:49

I think todays buying has cleared the overhang. It was possible to buy in quantity at mid-price (11.5p) up until yesterday.

[optimist at large] 29/4/2004 21:29

A good move up today on a very red day generally

[game_boy] 29/4/2004 21:09

Looks to me like its about due another one of those 50% jumps in Agincourt's chart bubbly thingy...

It does like moving up on just a few buys.....now what would happen if it got lots !!

[ntv] 29/4/2004 20:48

picking up a bit today

[ntv] 29/4/2004 20:27

don't forget to check out the chart because its pointing up!!!!!!

[ntv] 29/4/2004 20:26

jabermans been buying today because anc is up 6.4% and cfp is down 4.1%

[optimist at large] 29/4/2004 16:02

The last two trades were shown as MM to MM, so there should be at least one large trade yet to show. Also more news perhaps

[optimist at large] 29/4/2004 15:58

Thanks to jaberman for the extra coverage - every little bit helps and people tend to look and make up their own minds.

IMHO the appointment of Gavin Casey, former Chief Executive of the London Stock Exchange, as chairman of Corporate Synergy and then as a director of Abingdon has given much more credence to the management of the company.

[floppyhunter] 29/4/2004 15:50

on the way up then ???? :-)

[ntv] 29/4/2004 08:35

jaberman
you have done well with cfp
but i must say thanx for boosting the number of posts on this thread,a few more comments are always welcome
still think anc is a better company but only time will tell

[russianlinesman] 29/4/2004 07:36

Dear JaberMan,

I do not hold ANC. I held Mountcashel for years and lost money on it as having built up a reasonable sized stake it was then very difficult to shift.

ANC has cash representing much of the current share price, BUT

Few/nil investments remaining - therefore probably of limited value. They have a load of warrants in Bionex but if you want to take Bionex risk, then buy Bionex.
Rubbish disclosure - when it was an investment company its disclosure was rubbish, and when it has its investment in the Mountcashel hedge fund it is hardly likely to be better.
Corporate Synergy - still appears to be loss-making from most recent results. Not sure why. I imagine with many small caps of this type they pay themselves nice high salaries. Take away the interest earned on the cash pile and they are surely loss-making
Hedge fund investment - they are going to put some of their cash in a hedge fund they are managing. Farewell transparency.

Also note that the directors end up with quite a lot of outside directorships because they are already on the board of one listed company (i.e. ANC).

If ANC was genuine value at this price, then management would take it private. It is after all, hardly expensive, and they could promptly cash in the cashpile so could acquire the company for a million plus. If Corporate Synergy was such a great business, then they would have done this at any time in the last 2 years or more.

That's why I share your view not to buy.

The ANC bulls would say the reason to buy is cash plus investments plus Corporate Synergy. WElcome to their views but not great deal of evidence to suggest major undervaluation.

[the jaberman] 29/4/2004 07:26

if its such a cracking buy why has it fallen since directors bought is the questiuon people need to ask themselves. only answer is that it is overvalued and they were trying to prop up the price. no other answer. before anyone invests its worth finding out why its dropping.

[the jaberman] 29/4/2004 07:22

Judgement

thats all it is... prospects..... there is NOTHING tangible

[the jaberman] 29/4/2004 07:21

still no answers to questions at all. looks like this dog needs to be put down, all imho of course.

way way overvalued, directors are propping up the price in this. should see sub 7p soon imho

[judgement] 28/4/2004 23:31

I think Jaberman knows better than that - if he wanted cash he'd just keep his money in the bank.

Far better putting your money into a stock where the BB contributors have some idea what they're talking about. Don't concern yourself with complexities like valuation and prospects. Just buy the ones where the chart is pointing up!

[farsight] 28/4/2004 23:14

"Cash at bank and in hand £4,983,000"

...should maybe soften you up a little.

[the jaberman] 28/4/2004 23:06

so i ask again why should i buy ANC??

still no answers,

----> all new investors

the posters on this thread have no idea