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CNMI Camper & Nic.

8.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Camper & Nic. CNMI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 8.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
8.00
more quote information »

Camper & Nic. CNMI Dividends History

No dividends issued between 30 Apr 2014 and 30 Apr 2024

Top Dividend Posts

Top Posts
Posted at 30/3/2015 07:40 by tradermel
I wonder if todays RNS will liven this sleepy little thread?
Posted at 07/7/2014 14:03 by praipus
Richard Griffiths increasing his CNMI holding to 12.95%



I track the rest of Richard Griffiths holdings on the WAM thread
Posted at 01/7/2014 09:34 by darias
Perhaps this is why no one has any confidence in the management of the company. Only CNMI would suggest that when less than 2/3 of share holders are confident enough to take up an offer it was a successful placing!

As for directors putting in £163k that wouldn't even buy a bottom of the range Oyster!

RNS Number : 7624K

Camper & Nicholsons Marina Inv Ltd

27 June 2014

Camper & Nicholsons Marina Investments Limited

("CNMI" or the "Company")

Results of Open Offer and EGM

Camper & Nicholsons Marina Investments Ltd (AIM:CNMI.L), a leading international marina company, is pleased to report the results of the Open Offer that was announced on 6 June 2014.

Highlights:

-- GBP2.4 million raised pursuant to the Open Offer following Shareholder approval at the Extraordinary General Meeting.

-- Applications received for 15,486,525 Offer Shares, representing a take-up rate of 64.53 per cent, including that by First Eastern Holdings and FE Marina Investments.

-- First Eastern Holdings, FE Marina Investments and Clive Whiley to hold 53.45 per cent. of the Company's enlarged issued share capital.

-- Proceeds will ensure that the Company has sufficient funds to complete the agreed amendment to its facility with Scotia Bank including the replacement of the bullet repayment of $7.5 million due in 2015 with staged payments of principal from 2016 to 2019 and amendment of the associated interest rate; execute its development plan including the potential increase in number of marina berths at GHM and Cesme by some 3%; and fund the anticipated increase in working capital associated with supporting further growth within CNFE.

Sir Christopher Lewinton, Chairman of the Company, commented: "We are delighted to have received such a strong level of support for our proposals from our investors to enable us to continue to pursue our strategy which the Board believes will increase shareholder value."

Extraordinary General Meeting and Results of Open Offer

At the Extraordinary General Meeting held earlier today, the resolution put to Shareholders was duly passed. Accordingly, the Company will complete the Open Offer as announced on 6 June 2014. The Company has received valid acceptances in respect of 15,486,525 Offer Shares from Qualifying Shareholders, representing a take-up rate of 64.53 per cent.

Shareholdings

The remaining 8,513,475 New Ordinary Shares that were the subject of the Open Offer will be subscribed for by First Eastern Holdings pursuant to the underwriting agreement. It has also subscribed for 5,343,336 New Ordinary Shares, being its entitlement under the Open Offer, and will therefore be subscribing for a total of 13,856,811 New Ordinary Shares representing, in aggregate, 57.74 per cent. of the total number of New Ordinary Shares to be issued. In addition FE Marina Investments has subscribed for 5,999,375 New Ordinary Shares being its entitlement under the Open Offer, representing 25 per cent. of the total number of New Ordinary Shares to be issued. Clive Whiley, who is deemed to be acting in concert with First Eastern Holdings and FE Marina Investments for the purpose of the Takeover Code, has subscribed for 253,906 New Ordinary Shares being his entitlement under the Open Offer.

Following the issue of the New Ordinary Shares, First Eastern Holdings and FE Marina Investments will, in aggregate, hold 86,865,377 Ordinary Shares, representing 52.40 per cent. of the Company's issued share capital. The aggregate holding of the Concert Party will be 88,619,283 Ordinary Shares, representing 53.45 per cent. of the Company's issued share capital.

Accordingly, as the aggregate holding of First Eastern Holdings and FE Marina Investments is in excess of 50 per cent. of the Company's voting rights, each of First Eastern Holdings and FE Marina Investments is entitled to acquire further shares without being required to make a mandatory offer, even if each of their individual interest in shares increases through a Rule 9 threshold, without the need for prior consent of the Takeover Panel.
Posted at 21/4/2013 12:27 by pillion
I have watched this company for yonks on account of the Camper name

However it is just a name that they are leasing for purposes of prestige

As PUG's lucid comment points out, the business skills of the directors have not yet proved enough for me to part with my ££££

No advice intended
Posted at 21/4/2013 11:30 by pugugly
Darias :> You are right on basic assumption re mooring requirement BUT CNMI management have, (certainly in the past) proved that they have been unable to generate (imo) sufficient cash flow to induce me to invest.

Has anything changed ??
Posted at 21/4/2013 11:01 by darias
Long time since I posted on these. I have recommended to the club that we take our allocation under the open offer. There are many luxury yachts on the seas which need a secure place to moor. CNMI are providing those places on a global basis.

There is not another marina company which has such a global reach.
Posted at 10/9/2011 12:22 by man siarad
Always very quiet on here. Perhaps worth drawing attention to this, though, from early August - CNMI clearly planning to expand into the potentially-lucrative Far Eastern market.



Camper and Nicholsons Marina Investments Limited is pleased to announce the end of its strategic review period in conjunction with a significant investment in the Company by FE Marina Investments Limited, part of the First Eastern Investment Group ("First Eastern"), a pioneer of direct investments in China.

First Eastern has committed to invest approximately £4.2m at a price of 20.75 pence per new ordinary share in the Company, alongside the formation of a new joint venture with CNMI to access the significant opportunities available to both companies in the fast growing Asian market.

First Eastern will subscribe for 20,060,904 new ordinary shares totalling 25% of the enlarged share capital of the Company immediately following the issue of equity (the "Subscription")

In addition to the Subscription, CNMI and First Eastern have agreed to create a new joint venture, provisionally named Camper & Nicholsons First Eastern Limited ("CNFE")

The business of CNFE will be to pursue new and existing marina and marina-related projects, including real estate development opportunities, in territories in Asia and the Far East, including China and Hong Kong
Posted at 04/8/2010 10:11 by pillion
CNMI announces that Cesme Marina in Turkey, its joint venture with IC Holdings,
is now officially open
Posted at 13/4/2010 07:08 by johnsoho
Not as nice as I would have hoped but they are expecting to increase shareholder value in the future!!!....Hmmmmmmm

Camper & Nicholsons Marina Investments Limited
('CNMI' or the 'Company' or the 'Group')

Preliminary Results for the year to 31 December 2009


Camper & Nicholsons Marina Investments Ltd (AIM: CNMI.L), the Guernsey-based
specialist marina investment company, today announces its results for the year
ended 31 December 2009.

Highlights:
· Significant progress to complete marina construction works, which will be finished this year
· Revenues of EUR2.8m (2008: EUR2.8m) with no berth sales (2008: EUR1.0m)
· Loss before tax of EUR5.7m (2008: EUR6.6m)
· Loss per share of 8.7 euro cents (2008: 12.8 euro cents)
· Group cash and cash equivalents of EUR10.3m at 31 December 2009 (2008:
EUR20.6m)
· Adjusted NAV per share 54.8 euro cents (2008: 78.3 euro cents)
· Grand Harbour Marina successful Bond issue in February 2010 raised EUR12m to develop business
· Main construction at Port Louis completed December 2009 for season
opening
· Cesme development on time and on budget with scheduled marina opening in
May 2010
· Three new 10 year marina management contracts signed during the period,
with a further two existing contracts extended


Chairman, Sir Christopher Lewinton commented:

The significant change in the economic environment since we launched on AIM in
January 2007 has delayed the completion of the "development phase" of this
business and caused a significant slow down in berth sales. Consequently it
will take longer than originally anticipated to return CNMI to profitability.

However by the end of 2010 we will have our 3 marinas - GHM, Cesme and Port
Louis - fully operational and a growing 3rd party business all benefitting from
the Camper & Nicholsons brand name.

Looking forward your Board are confident that following completion of the
development phase of this business we expect to see increasing shareholder
value.
Posted at 17/11/2009 19:53 by sirlurkalot
CNMI's bid for the other marinas to be privatised in Malta has not succeeded.

The bid from Creek Developments Foundation (ie the boat owners holding berths in those marinas) has been selected as preferred bidder for the Msida and Ta'Xbiex marinas. The bid from Harbour Management, which operates the Manoel Island marina, has been selected as preferred bidder for Mgarr in Gozo.



There are plans for 860 more berths, as described in this link, which won't help pricing or berth sales at CNMI

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