Candover Investments Share Discussion Threads

[skyship] 14/7/2014 11:10

Has been pointed out to me that the activist hedge fund Ironsides slightly reduced their holding on 1st July - crossing the 14% threshold and announcing a 13.99% stake of 3.048m.

They have reduced from 3.223m in Mar'14 & 3.298m in Feb'14.

No big deal; but helps explain why we're still waiting to cross the 600p level!

[skyship] 11/7/2014 12:24

SoV - hmm - 2.8% yield and 13% NAV discount. Don't really see the Value in that unless you think there is substantial hidden value about to be realised and distributed.

They became massively overbought a year ago; and have been a poor market since. Can't see why one would fancy a turnaround anytime soon!

You seem right more often than not though, so what am I missing?

[seekerofvalue] 11/7/2014 11:06

HgCapital Trust could offer low risk, steady growth and lower volatility going forward. After making a purchase yesterday I have started a new thread to track HGT's performance. HgCapital announced today an investment in Sequel Business Solutions which values the Sequel group at circa £100 million. If HGT proves to be another CDI before its share price began rising for me in January of this year I will be extremely pleased.

New HGT thread


Friday, 11 July 2014
HgCapital announces investment in Sequel Business Solutions
hxxp://www.sequel.com/news/hgcapital-announces-investment-in-sequel-business-solutions

[topvest] 02/7/2014 09:46

Yes, I agree - normally a good way of keeping the pressure on and competition on price and timing. Looks like we should see a deal in the next month or two, hopefully...now is the time to get this away.

[skyship] 02/7/2014 07:29

An IPO would be a good outcome for CDI, however I'm sure ARLE would prefer the clean resolution of a takeover for Expro. Perhaps the IPO listing is a shrewd tactical move to flush out the anticipated US bidder.

[topvest] 01/7/2014 21:43

They have announced a US listing filing today. Interesting times. Suspect it's a twin track IPO/takeover route. Looks like IPO might win out!

[jaws6] 01/7/2014 17:28

at last some move ,will check later what is worth to CDI ?

[tiredoldbroker] 01/7/2014 16:19

Nice reaction to the Expro story moving along one stage further:

Currently up 34p, just bumping the 600p mark.

[skyship] 23/6/2014 13:28

Another Oil & Gas Services group - KENTZ - has fallen to a bid at a 32% premium to yesterday's market price.



Surely EXPRO's turn soon...

[seekerofvalue] 20/6/2014 14:51

SKYSHIP,
I do hope so, before the markets cool off any further.

Related news:

Stork Oryx JV awarded seven year contract by Qatar Shell 16/06/14
hxxp://www.stork.com/index.php/en/news-media/news/stork-oryx-jv-awarded-seven-year-contract-by-qatar-shell/

Workout for the gym 06/06/14

[skyship] 20/6/2014 08:10

Interesting rise in the Bid first thing this morning - currently 574p-575p.

Could this be the pre-cursor to the next run - hopefully an EXPRO-inspired gain!

[topvest] 02/6/2014 19:40

Good results. Cautious short-term outlook as contract timing looks a potential issue for 2014. Excellent long-term outlook. Looks a more likely acquisition for a US major than a float in my opinion. Wouldn't be surprised to see a deal closed in weeks.

[bgyered] 02/6/2014 19:18

and full report to 31 Mar 2014 here:
hxxp://www.exprogroup.com/media/30914/ehuk3-year-to-31mar2014.pdf

[bgyered] 02/6/2014 19:09

Summary Expro 2014 results here:
hxxp://www.noodls.com/view/39806B90202FCAB31D7A60C691F519B7FF515F5D?3714xxx1401730860

[jaws6] 29/5/2014 11:42

Expro link on time for 2/6/14 and dial in numbers
hxxp://www.exprogroup.com/investor-centre/investor-news/2014/may/16/expro-announcement-of-q4-and-full-year-results-2014/

[jaws6] 28/5/2014 14:11

gone bit better 572.5 578

[seekerofvalue] 28/5/2014 12:21

The Expro order book got a little better. Results when announced should be pleasing for CDI.

EXPRO awarded multi-year SONAR production testing contract in the Middle East
hxxp://www.exprometers.com/news/4096847/expro-awarded-multi-year-sonar-production-testing-contract-in-the-middle-east

[tiredoldbroker] 28/5/2014 11:01

You're right about the Expro figures - I think CDI originally said last week of may but Expro itself indicates 2 June. And I should clarify: they have a 31 March year end so though it's calendar first quarter, it's actually 4th quarter and full year for the company.

[topvest] 27/5/2014 20:34

Yes, thanks - interesting. I think the EXPRO results are next week from memory. It's on the EXPRO site. Just need the theme park investment pointing in the right direction and all their big 3 are progressing nicely ahead of sale.

[badtime] 27/5/2014 18:15

Thanku from me too

[tiredoldbroker] 27/5/2014 16:46

Skyship, that's what I am thinking... there were one or two stories that the Fokker business was up for sale or heading towards an IPO a while back, and they also have news flow... they're confirmed as manufacturers for the Honda Aircraft Co "HondaJet" tail assembly (empennage). The first HondaJet production model has just gone into ground testing. Interestingly, in June last year, the finance director said that Fokker's owners were planning their exit, to happen within 2 years... and we're halfway through that.

[skyship] 27/5/2014 12:37

tiredoldbroker - many thnx for that. Recovery plans seems to have been consolidated; so would expect a valuation uptick. Also must surely be a boon for the exit strategies...

[topvest] 24/5/2014 14:13

Given the Candover Fund paid the equivalent of £92m I would have thought that they would want to get over £100m back with EXPRO having such a good recent trading record.