Share Name Share Symbol Market Type Share ISIN Share Description
Candover Inv. LSE:CDI London Ordinary Share GB0001713154 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00p -2.13% 92.00p 92.00p 92.00p 92.00p 92.00p 92.00p 12,599.00 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.4 -4.5 -302.0 - 20.04

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Date Time Title Posts
08/4/201419:02Candover Investments - A Recovery Play !113.00
27/4/201016:28The Candover Investments Thread139.00
09/5/200608:47Controlled Demolition Inc11.00
24/9/200208:37New Candover appointment12.00

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Candover Investments Daily Update: Candover Inv. is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker CDI. The last closing price for Candover Investments was 94p.
Candover Inv. has a 4 week average price of 98.38p and a 12 week average price of 99.90p.
The 1 year high share price is 217p while the 1 year low share price is currently 89.50p.
There are currently 21,778,580 shares in issue and the average daily traded volume is 14,229 shares. The market capitalisation of Candover Inv. is £20,036,293.60.
skyship: That's good - Barwon are now out...
rcturner2: I suppose that any sale above the discount to the NAV is still positive for the share price theoretically at least.
skyship: So, £6.7m from the sale of Fokker; now £12.0m from the sale of Stork. Total of £18.7m = 86p/share. Price disappointing; but we do now have CASH, though of course still need to retire debt. Hopefully Parques Reunidos will do that for us. The shortfall versus the last valuation is £7.9m - knocking 36p off the 375p NAV as at 30th June. Good to have disposed of a small asset; now just need a better result from the sale of Parques Reunidos & Technogym. Certainly not selling on this small setback...;pkw=technogym&pmt=e&gclid=Cj0KEQiA-ZSzBRDp3ITHm5KO_JYBEiQA1JjHHPo4CFvGRqsi8iLVhflKnC6VjkF0lPZd9_RCapt1HyIaAr_M8P8HAQ
rcturner2: hazl, investment trusts tend to have a discount, which is the difference between the share price and the NAV. This discount can widen significantly, particularly if the NAV is falling. You essentially get a double whammy, which is pretty much what happened here. If you buy Candover you are essentially buying stakes in 5 private companies, basically at a significant discount to the true value of the companies in question. Now whether you think that is a good idea depends on (a) the outlook for the companies in question and (b) the ability of Candover to extract the value from their holdings. We are due the next valuation sometime in August and that will give a good idea of the current position and the outlook for the trust. The last trading statement for Candover showed that for 4 of 5 businesses things are going reasonably well, with one stinker in the portfolio. Hence the discount to NAV for the stinker (expro).
iainjross: I saw Skyship's post on the Fool and had a good read through the posts on here, those by Felix99 were very useful, and this thought this was looking like a nice opportunity but on having a deeper look at the numbers I am just not sure I see the attraction here. Assume that the Net Asset Value is written down to £100m in August. Given that the US loan notes are due in Dec then the new loan facility shall be exercised. I shall assume that they draw it all (E52m) and so: E19.4m @ 1.15 years (13%) = 2.522 + 0.3783 = E2.9003m E32.6m @ 2.75 years (13%) = 4.238 + 4.238 + 3.1785 = E11.6545m Total = 52 + (2.9 + 11.65) = 52 + 14.55 = E66.55m (£46.68m) So paying back the loan and interest leaves £53.4m (100 - 46.68) and this gives a Net Asset Value per share of 245.18p (53.4 / 21.78 * 100) which is below the current share price. It seems the share price already has a premium built into it. Am I missing something here? All comments welcome.
davebowler: Fallen .....his name at least is aligned with the share price! That said, I'm in!
jgh03: The monthly investment by Fallen should not be construed as a comment on the share price versus value, but as part of aligning his interests with those of shareholders generally. The Annual Report for 2014 (page 34) says that "... the Board agreed a revised remuneration structure, to take effect from 1st January 2015, comprising solely of a fixed salary of £500,000 with no further pension contributions or performance-related bonus. As part of the revised remuneration package Mr Fallen is required to invest £10,000 of his gross monthly salary, net of taxation, in the shares of the Company throughout 2015." Of course, he may well be very happy about this at the current price.
seekerofvalue: 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://
biggest bill: I am not sure that the share price has moved much today. The share price being reported on advfn seems to oscillate between the bid and offer prices. There have been a number of sells today but the price for the sells has hardly changed all day long.
bgyered: Thanks topvest. Telegraph Business today page 2 confirms what you say about asset devaluation. Apparently other PE houses' 4th Q results are now being seen by their limited partner investors showing 60% asset value cuts, and Triago say assets bought since 2006 will be written down to zero. Telegraph also says the Ferretti refinance deal is about to rejected by main lenders imminently. That would explain a chunk of the 82% CDI share price fall - could the rest be down to shorting? Be interesting to see if the price ticks up at all this week with the FSA rule changes announced last week coming through on declaring all significant short positions.
Candover Investments share price data is direct from the London Stock Exchange
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