Cash Convert Share Discussion Threads

[d40eq6] 21/1/2013 11:13

Based on Aussie closing price last night (according to my estimates), CCVU closing bid price was $1.205 which is approx equal to 80 pence. I suspect that people hanging on or buying are looking at buying the shares at a 15% discount to the Aussie price.

[gorilla36] 21/1/2013 11:09

So the listing is too expensive !!!!!!!!!!!!! So is losing 15% of the value of your company.

[jostler] 21/1/2013 11:08

peraps the australians will pick these up as a bargain when their stock market opens - hence price bounce back?

[d40eq6] 21/1/2013 11:00

I'm putting this one down to experience- fortunately got in before the recent rises into the eighties. Haven't got a lot of confidence in a company (foreign or domestic) that treat shareholders like this- even if we are only 0.33%.

[gorilla36] 21/1/2013 10:56

What a bunch of f'''''' morons. Totally iresponsible. Basically they have shafted their shareholders now they have what they want.

[diabhal] 21/1/2013 10:43

Thanks Mallorca - so why the fall in share price on this news? Are we likely to bounce back up once the shock has worn off? Not sure whether to buy more!

[mallorca 9] 21/1/2013 10:42

Means also when you sell money will be in Aussie dollars so some currency risk.

[gswredland] 21/1/2013 10:40

Yes...not sure why it panics investors?

[mallorca 9] 21/1/2013 10:37

diabhal,

it simply means that you will n ot be able to trade on the LSE.
You will still own the shares and can buy / sell on the Aussie exchange.

[diabhal] 21/1/2013 10:28

Can someone explain to me what this listing cancellation actually means for shareholders?

[ferro7] 21/1/2013 09:43

So we have until 19th feb!!!

[wylecoyote] 16/1/2013 18:57

Just bought in today, only to find that the spread was 5%....d'oh.! Still my fault for not checking.

[wasteman2004] 16/1/2013 14:25

mattafc

Each to their own, but this is how I use AR's to work out a fig for myself

Cash & cash Equivalents minus Long term debt

Some people will slay me for only using Long term debt figs. So be it.

DYOR

[mattafc] 16/1/2013 10:36

Can anyone tell me the net cash / debt figures for the group? I've had trouble finding them

[p@] 03/1/2013 19:38

I have a certificate for these from years ago,are they still dealt in certificated? T.I.A.

[msarwar014] 28/12/2012 10:46

all buys showing as sell on advfn

[markw996] 30/11/2012 15:48

I decided to take the plunge on Thursday after trading resumed and the price started rising, it gave me some confidence to buy in and I have a nice little profit now :)

I have reservations too but the figures look good enough for me to take the risk.

[wasteman2004] 29/11/2012 13:12

The performance is fine, and it didn't worry me that trading had been halted. Sometimes if a company is doing well it simply needs more cash to expand, which is a good thing in my opinion. However, I don't like the 'cashbox' approach that they took.

Promising times ahead for CCVU, but the management will need watching and I have some reservations about expansion due to forthcoming legislation on pay day loan industry. That said, it doesn't worry me enough to sell.

[ouni] 27/11/2012 18:21

I was monitoring these at 50 and wished I bought some as they went to 65.

Looking at the financials, their net debt is 38m and their retained profit is 28m.

The latest RNS suggests that a shares issue might be required to raise funds. This plus a trading halt isn't good news.

I can only assume they're struggling since their last accounts were filed or need extra money for something? Who knows.

PS, I would have sold on the back of that RNS if I were invested.

[markw996] 27/11/2012 12:27

I'm fairly new to buying shares again (after bitten badly when Ronson go delisted and not selling) but I was wondering if there were any warning signs that CCVU could have been potentially risky after it's 21% drop (and still falling) apart from it having a quite low market cap?

I ask as I was researching this one last night and the low market cap, plus the fact it could have broken out a bit too far were the only negatives I could find.

Thanks,

M

[illtud] 20/10/2012 07:03

On my radar

[niggle] 15/11/2011 09:56

Interesting that ths one is beginning to move - Pawn shops and all that! Go Go Dave!