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Real-Time news about Centurion Ele (London Stock Exchange): 0 recent articles
|25cent: Well the strike price on the conv will be no more than 1p imho.
I reckon that CUC need 600-700k to tide them over, so that gives them at least 66% of cuc on any conversation at today's market cap of 300K.
If they convert in the future not even counting the existing 29% holding they have that would be watered down to 13% making a new total of almost 80% after conversation.
When you say the loan note will only be converted if its at a discount to the share price , well its going to be hard not to be at 1p even by Cucs poor standards.
If you feel you must buy then go ahead but it could be the quickest 50% you ever lost on a share trade.
The PI's are getting totally wiped out for the 2nd time in 3 years by this imho.|
|25cent: How long does it take to draft up the words "not aware of any reason for the share price fall" with your broker/nomad? With other companies its about 1/2 hour after the big fall.|
|tlee05: The Directors noted the share price change and are currently drafting a RNS with our Broker/Nomad which will be issued shortly.
I hope the RNS will answer your questions.|
|cgod: Just spoke to the FD, every thing is ok knows of no reason for the share price drop, see no problems with future funding.|
|25cent: Hi cgod sincerely hope you did not speak to Rhodes because last time funding was on target it resulted in a 50/1 share split and a 97% share price fall.|
|cgod: Spoke to the company yesterday, future funding is on target, lots going on more news out soon, will be in profit next year. Lets take a look at the share price this time 2008 and see who is correct.
This could well be a bottom for this share at this price. IMHO DYOR. Good luck.|
|25cent: CUC is doomed and really always has been, maybe you know more than the companies bankers and auditors clueless but I understand how this sector works perfectly.
I understand that fitting low cost parts into vehicle has no future,
How can CUC succeed? if and when these parts become standard fit on all the vehicle they will be bought and assembled on the production line by the car manufactures.They will buy the parts direct from China.
Its simply a no win scenario!
We will see in the fullness of time who the full dollar is but at this time its got no bankers its auditors issue a disclaimer its share price is 97% down over three years its making a loss, so I admire your optimism on Cuc.
Its somewhat misplaced but then again what do we all know ? I suppose your blind faith can overcome debt can it?|
|25cent: Clueless again you are on the attack? just relax son.
Audi china, is that not like sending coal to Newcastle considering that's where all the cheap tacky far east components originate from that will be fitted?
Audi Europe now that would be a contract
Moreover like I have said before in this sector Rns announcements of new contracts normally mean one thing, zilch!
No financial details yet again and no interest whatsoever from the market kind of puts the Audi china contract into a real perspective.
With regards the hard work by CUC that you talk about well surly a listed company is judged on by way of its share price?
This is down 97% in three years and the company auditors place a disclaimer in their statement on the accounts?
The only hard work I can see is in destroying shareholder value?
Clueless this area of fitting low cost cheap parts into 25Kplus cars is on its last legs,I think I mentioned before the winners will be the ones that fit the quality brands like playstaion3 , xbox360, tom-tom,iPod ect and not unbranded cheap far east mp3 players and so on.
You wrote "you're one of the previous directors who was no good and got ousted when Mr. Rhodes arrived,"
I think you need to call in the badger, Mr. Rhodes as the CUC rescuer? well I ask you, lol.|
the sharp effect on share price of recovery from a
reversible situation from accident, outside events,
or uncovering a rogue executive
The 'buoyancy effect' in a recovery is a much stronger upward driver of the
share price than good results in a stable and well managed company where
the visible future is already in the price.
A share price, which has fallen by 95% (it happens) and acquires 'dog status'
as the result of a reversible condition, has the potential of an eighteen
bagger- if and when the original status can be restored. It is rare to see share
price improvement of this size from a profitable and stable company because
future growth is usually closely monitored and already built into the market
price. That is why we are particularly keen at Lemming Investor to find 'dogs'
arising from reversible situations, which good management can restore to their
original level of performance and respect.
It is common knowledge that the market exaggerates the effect of good and
bad news. The 'dog' reputation is difficult to remove. It hangs on much longer
than the actual effect of the original fault or misadventure. So where a 'dog'
company retains high sales momentum, IP, know how, or other intangible or
tangible assets, the share price eventually offers a very cheap way in, long
after most of the downside risk has cleared..
A high level of sales can always be turned into an acceptable profit by cutting
overheads; and large assets can usually be 're-sweated' (to coin a word) to
produce a conventional return. Once the burned down buildings have been
restored, or the crooked FD sacked and replaced, or the price of spiked up
raw materials returns to average, the high sales level or the undamaged asset
can be brought back to normal yields and the share price eventually returns to
the status ante quo. In the process it becomes a multi-bagger.
We have seen this with Ashtead (AHT), and a few years ago at Powerscreen.
In both cases a senior executive had been falsifying the books in a subsidiary
without affecting sales or earning power, and these quickly regenerated profits
after the miscreant was fired.
Emerald Energy, (EEN)recovering from a drilling explosion, is, with oil
reserves relatively unharmed, currently in transition from 'dog' to hero, and
therefore severely under-priced.
BioProgress, (BPRG)damaged superficially by a particular CEO now
replaced, but with IP intact, is in recovery and the share price has doubled in
An accident like the factory fire at Luton which damaged ASOS, (ASC)or the
spike in world copper prices which has mopped up profits at AFC (the former
Oystertec) until the competition raises prices or the spike subsides, are clearly
reversible And so is the mis-management now cleared up at MinorPlanet
(MPS), where the dog status is still set to linger for a while.
Note that in both cases there is, or previously was, a high sales level. A
professional Marketing Director will know that it costs a few tens of millions in
cash and ten or twenty years to build £100m sales. Find a dog with that level
of production and sales,, and competent management can restore profits to
somewhere between £5 and £20m. That will lead to a market cap of £50
-£300m depending on market sector. For AFC (sales £105m) or MPS ( sales
once £100m now £20m - but still the market leader) that means multi-bagging
in each case.
|alexacj: LOL Oldtown!!...well I should have read the RNS and not trawled through the bulletin board pearls!...it wasn't only the directors buying ...Mike Harrison & Keith Davis also bought shares.....and no wonder the directors didn't buy thousands of shares they have just been allocated a possible 8% of the company under the share option scheme!!!!!
The Company also announces that Chris Rhodes, Mike Harrison and Keith Davis have each been granted the 487,803 share options under the Centurion Enterprise Management Scheme. In addition, Chris Rhodes has been allocated a further 731,700 share options under the Centurion Unapproved Executive Share Option Scheme and Brian Hendon has been allocated 150,000 share options under the same scheme (together the "Options"). The Options represent, in aggregate, 8.6 per cent of the enlarged share capital. The Options are exercisable at a price of 20.5 pence per share at any time between 27 June 2007 and 27 June 2015 subject to performance criteria summarised as:
UP TO 33.3 PER CENT OF THE OPTIONS MAY BE EXERCISED IN THE EVENT THAT the Centurion share price is over 40p;
UP TO 66.6 PER CENT OF THE OPTIONS MAY BE EXERCISED IN THE EVENT THAT the Centurion share price is over 60p;
ALL OF THE OPTIONS MAY BE EXERCISED IN THE EVENT THAT THE CENTURION share price is over 80p.
The last part is what is more interesting....i.e. they can't just have their options unless the shareholders see value in increased share price....otherwise they get nothing!....that's pretty motivating!
So to recap for them to get the basic amount....i.e. 33% of their possible total the share price has to nearly DOUBLE....to get 66% the share price has to nearly TREBLE and to get all of their allowance and make themselves a fair few pounds the share price has to nearly QUADRUPLE....well as a shareholder I really don't mind them helping themselves to just the basic amount if they have nearly doubled my equity.!!!!!!!!!!!!!!!!!!!
Has anyone thought what a smart move by the directors if they think that the share price has bottomed out and will only go up from here....i.e. they have set an options package based upon the worst possible share price.....just a thought...it probably never entered their heads!!!!!!|
Centurion Ele share price data is direct from the London Stock Exchange