||EPS - Basic
||Market Cap (m)
Real-Time news about Cagney (London Stock Exchange): 0 recent articles
|carwhite: Well they did not go bust, so then whats the price of a cgny share...if you can sell one that is.|
|bisiboy: where can you see the share price please or at least what someone is prepared to pay|
|jrees2: Carwhite - I had a punt on these shares, of course got the RNS ref de-listing. My broker is now sending me necessary forms. Where can I find share price info on the company, not much on their website. Cheers JR|
|carwhite: Share price doing really well now.|
|0nly me: Information below regarding the Matched Bargain system you will be able to verify this by doing your own research if you wish.
"We will no longer be required to publish interim results. However, I believe we will send an abridged interim statement and results to our shareholders, but probably not until after the Matched Bargain system comes into force.
Ascertaining/tracking the share price of unquoted shares is undoubtedly not as easy as it is for quoted shares. As our potential Service Provider says below "there may be some difficulty in assessing the value of the investment.
On the Matched Bargain Market, both private individuals and institutions are able to deal in the company's shares.
Opening an account is not necessary, but [the Service Provider] is required to comply with EU and UK regulations and the Money Laundering regulations 2007.
In accordance with MiFID (Markets in Financial Instruments Directive), instruments that are not traded on a Recognised Investment Exchange are classified as Non-Readily Realisable Investments. This means that transactions may be infrequent and there may be a delay between giving the instruction to buy/sell and our completion of the order. It also means that there may be some difficulty in assessing the value of the investment. When an investor wishes to trade on the Matched Bargain Market, [the Service Provider] is required to assess the appropriateness of this type of investment for the investor and they will have to complete a short form.
All transactions dealt on the Matched Bargain Market will be done on an execution only basis and [the Service Provider] will not provide advice about the suitability of the investment for the investor. However, should an investor be unsure about suitability of this service, [the Service Provider] is authorised to provide investment advice and can provide advice. There will be an extra charge for this.
All transactions are subject to a 1% commission charge (a minimum of £20 applies). Purchases above the consideration of £1,000 are subject to Stamp Duty payable at a rate of 0.5% rounded up to the nearest £5. Any trade over the value if £10,000 also attracts a Panel for Takeovers and Mergers Levy of £1.
Settlement is on a T+10 basis, for shares that are held in certificated form. Settlement funds can be made payable via BACS or cheque.
The company will advise an indicative price to start trading. [The Service Provider]'s Corporate Finance team are able to provide a valuation service but there will be an additional charge. Matching is done on a day to day basis subject to there being a corresponding number of buyers and sellers at an agreed price. Investors who already hold shares will offer them for sale, indicating how many they would like to sell and at what price. New or existing investors will indicate how many shares they wish to purchase or an amount they would like to invest, indicating the maximum price that they wish to pay for them.
If there is a match for both quantity and price, we contact both parties and complete the transaction.
Upon request, [the Service Provider] updates shareholders, institutions and the company itself on the last traded share price and the volume and date of that transaction.
[The Service Provider] maintains a list of enquiries received from buyers and sellers with all relevant contact details. This is monitored on a daily basis and [the service Provider] contacts investors with any significant changes/updates to their current instructions. [The Service Provider] will also provides periodic reporting on transactions that have taken place.
Shareholder communications upon admission
[The Service Provider] writes to all company shareholders when a company is admitted to the Matched Bargain Market to explain to them in detail how the service works, outline their terms and conditions and provide contact details.
Attendance at AGM
A representative from the Matched Bargain Market is available to attend the Annual General Meeting of each participating company and is able to provide a brief presentation on share trading over the year. The representative can be available throughout the day to answer any questions investors may have on the facility."|
|steven1404: may do but the share price stinks wish i sold out ages ago|
|granny7: How's the yapping coming on I wonder??
The Board of Cagney notes the relatively high volume of recent trades in the Company's shares and the associated increase in the Company's share price. The Board confirms that it is currently undertaking a strategic review and assessing a number of options. In particular, the Board has received a preliminary approach regarding a possible offer for the Company. The Board of the Company wishes to stress that the approach and the resulting discussions are at an early stage and there can be no certainty that an offer will be made for the Company, or as to the terms on which any offer might be made.|
|carwhite: Nice to see another positive post.
Positive stuff is what PR is all about. This from another web site.
The last two RNS statements are in my view quite optimistically promissing or pessimistically cautious.
A new broker with immedieate affect. WH Ireland are a good team and will help where they can. This is a positive step appointing them as sole broker.
The RNS in December suggests the management have made cost savings (i.e. redundancies etc). This means that 2009 should have a positive outlook.
Thoughts welcome but hopefully a movement in share price in 2009 is in the offing.
|dorset64: Interesting posts Steve & JS, pity waxman cant give a constructive imput apart from pathetic poems.
My thoughts are that no director or 'large players' would look to buy in numbers pre any dilution but to rather hold back until the dust has settled to see where the share price rests itself. What we have to remember is this, if there were 100 shares in 'X' compnay and 'X' were worth £1m pre-dilution, then another 100 shares are released, that Co. shares are then of course only worth half of before. So to then reach your target for a bid they would then have to double again after the dilution.
At this point only figures in the balance sheet and future revenues that can be shown to be achievable will dictate this or any other share price and with this in mind we could well, if prospects are good in the update release, see the share price reach a bid of 5p.
The one point I dont like here is the spread of the mm's. Anyone looking in will see that if they bought today they would not break even until the share price rises another 30-40%. This then all comes down to your faith in the Co. alligned with their future prospects. On the flip side of this of course is that with these new shares in the market as such, the mm's may well reduce the spread as to an extent the illiquidity problem may be addressed somewhat.
|johnswan193: We all knew there would be massive dilution - but what we need to know is what share price will be used in consideration. And this is where the share price does matter - despite what Waxman spouts about long term holdings. If the share price was 4p, or 5p - which it would have been at least had the company performed - then we would not see the same level of dilution and perhaps there wouldn't be a need to increase the authorised share amount. The effect of the dilution further highlights how poorly the company has performed - shareholders will now realise the extent of the hit they have to take. Those who said they didn't care about share price because they are in long term - well now they will have to care about it whether they like it or not because they will now own a lot less of the company than they expected to hold. This is a terrible scenario, but one the company has forced upon themselves. Honestly, what shareholder with half a brain would ever want to see shares issued in lieu of liabilities at a time when the share price is so close to lowest levels recorded? Shareholders can do nothing but agree to the dilution but what should be made clear is what price is being given to the shares being alotted.|
Cagney share price data is direct from the London Stock Exchange