City Pub Share Discussion Threads

[northernstock] 28/2/2007 17:35

Yes GedW spotted the meteoric fall and posted sell on 25th March 06 just before shares fell to ground floor level. Then spotted the 168% rise at 8.31pm day before yesterday. I wish I could move markets that much, That takes talent or just lucky or what LOL. Going to where GedW has been today.

[pomp circumstance] 28/2/2007 16:52

jealous you missed this pump and dump then d6!!? LOL!!!

[double6] 28/2/2007 16:49

Gedw on the pump again ??

[hattori_hanzo] 28/2/2007 14:20

I reckon the RNS on the 26th explains this move. It looks like somebody is building a large stake. Takeover ?

[hattori_hanzo] 28/2/2007 14:15

WTF ?!

Maybe they've found some uranium! ;-)

[sofarbad] 28/2/2007 14:12

RNS PLEASE!!!!!!!

[sofarbad] 28/2/2007 14:12

OOPS 118%

LOLS

[sofarbad] 28/2/2007 14:11

100% , I DON`T KNOW WHY BUT THANKS A LOT ANYWAY, WHAT A GREAT DAY FOR WE HOLDERS?

[sofarbad] 27/2/2007 12:50

don`t know, but its up 33% on a falling market, dreadful spread though!

[foxes1884] 26/2/2007 19:11

So based on the lastest news, Christies remain interested and are now up to 18% holdings, or have I read the filing wrongly?

[wiganer] 27/12/2006 14:18

All well and good, but there's a huge elephant in the living room in the shape of their debts. Net current liabilities of £1.9m at last results date!

[jeffian] 17/8/2006 16:10

It's certainly priced to go gown the tubes! But if you look behind the headline figures, what do you see? There are two businesses; boring old Audit & Stocktaking which chugs along year after year churning out £3m+ turnover and the rather more frothy Commercial Investigations (more erratic earnings profile) which turned in £3.62m last year. These two generated gross profits of around £2.9m. Christies, which paid up to 15p(?)/share for their stake, offered £1m for Audit & Stocktaking alone which, as CPC's main competitor and with a payback in less than 2 years, well they would, wouldn't they?! A botched takeover programme, subsequent costs and write-offs, and excessive Head Office costs borne by these two underlying businesses may have crucified the results but if you strip those out - as the the Directors said they intend to do in the last Report and Accounts dated 31 March 2006 - you have a perfectly viable business. I have no idea whether it's a 'buy' and there's an argument that it simply doesn't have the critical mass to be a quoted public company, but that's not the same thing as calling it a 'basket case', which the market is doing at the current share price IMHO.

Regards, Ian

[mfp2] 17/8/2006 14:37

it shows that the directors have definitley got the balls if theyre putting up their own money.
you could look at the loan as them trying to keep the company a float but also it is their company, they know whats going on inside the company and im sure they wouldnt put up 675k if its on its last legs, especially in the form of debt.
if they scale down their operations a bit and stick to the profitable parts then a recovery is possible.
i reckon the 675k will buy them around 12-18 months to get things sorted and turn it around. if the cant do it in that time then fair enough but if theyre putting in their own cash at least you know theyre not faffing about.

i think because they are the major shareholders theyve seen the value of the shares plummet from 70p to 5p and want to claw it back.
their 30% shareholding has fallen from £2.1 million to just £100,000 now, and if theyre prepared to put 675k for £100,000 worth of shares - i doubt they lent it for the 10% interest rate, they must have some belief in the company.

[jeffian] 17/8/2006 14:32

but it doesn't invalidate mfp2's point - we have a money/mouth situation here.

Regards, Ian

[wiganer] 17/8/2006 14:23

That until the company demands the extra £300k the amount of cash stumped up is £375k, not £675k.

[jeffian] 17/8/2006 13:47

"£375,000 was subscribed for immediately and the
balance of £300,000 is to be subscribed for as to £150,000 each by K P Dulieu
and P F Jackson upon demand being made by the Company at any time on or before
31 May 2008" i.e. drawdown as required.

...and your point is, Wiganer?

Regards, Ian

[wiganer] 17/8/2006 12:55

They haven't stumped up 675k as yet. From last accounts RNS:



Issue of Redeemable Loan Stock

At a meeting of the directors held on 29 March 2006, K P Dulieu, P F Jackson and
R G Boyle together with a shareholder of the Company agreed to subscribe for a
total £675,000 (nominal) 10% Redeemable Guaranteed Secured Loan Stock 2006 (the
'Loan Stock'). Of this amount, £375,000 was subscribed for immediately and the
balance of £300,000 is to be subscribed for as to £150,000 each by K P Dulieu
and P F Jackson upon demand being made by the Company at any time on or before
31 May 2008 save that if there exists an event of default at that time then such
subscriptions will not be made. For this purpose an event of default includes
inter alia a change of control of the Company such that a third party acquires
an interest of 30 per cent. or more in the Company. The Loan Stock was put in
place to ensure, on the continuing assumption that the directors will be able to
focus their attention on the running of the business without external
interference, the financial viability of the Group going forward.

[mfp2] 17/8/2006 12:41

i think this might be worth a punt at this price. the directors have been willing to stump up 675k of their own cash for a company valued at just 300k, and they also turned down an offer of over £1million to sell part of the business.

surely this company is worth more than 300k, especially if it is the directors themselves putting up the cash ?

[uncle_tom] 11/7/2006 13:45

here it goes again, up a load on zero volume.

[vision88] 12/5/2006 13:59

I THOUGHT YOU WERE