Cindrigo Share Discussion Threads

[leegtr] 08/12/2015 12:09

I think as usual the dust needs to settle and then when people do the math and work out what could happen it will jump to a value that shows the potential. I don't go in for MM conspiracy so this morning has just been the usual people needing to sell after so long in suspension and they have sold.

I did the opposite and purchased more and never expected to be able to at this level if I am being honest.

[leegtr] 08/12/2015 12:02

ripplebc,

It answered all them in the prospectus.

So let me start
1: Approx 36 months
2: it 4m profit a year so based on stage payments on the project turnover of £100+ million so I guess they have worked on a process where they can make 4million profit a year from staged payments(PS what value does the markets put on a company making 4m a year?)
3: When the week is running the service/investment side then makes yearly money

So based on the above say they get to the stage they have a wheel going into production cycle every year then eventually they are pulling in 12m profit a year from the design/production/installation and then service on top so not too shabby for a company that you can currently buy for the market cap.

[liquidgold1] 08/12/2015 11:36

People are complaining that this has not rocketed immediately, well guess what the MM are playing their tactics

Would you be surprised if this was double it’s value tomorrow?

I would not… it takes patience a day more isn’t going to change thing this is a great share to be in

[andrbea] 08/12/2015 11:02

Given the long planning timescales there is a visible pipeline of 25 opportunities and Challenger aims to do one project a year; though it believes it could handle two or three simultaneously. Jakarta is the most advanced and it’s hoped that the go-ahead will be given soon in 2016.

[andrbea] 08/12/2015 10:58

Proactive article

hxxp://goo.gl/OjBheG

[ripplebc] 08/12/2015 10:46

I am not an investor. I have for the first time seen them today.

OK so the question is:

How long does it take to build a wheel?
How long will it take to receive 4 million profit from the wheel?
How long will it take to benefit from say 2.4% revenue of the service?

Once we have the facts for one wheel, we can plan ahead on the numbers and work out when the revenue will start to come in. Right now, its their vision and until we see something solid and understand when the revenue would start, its anyones guess.

If they take 3 years to generate 8 million revenue, OK, its 8 million but not loads.

[leegtr] 08/12/2015 10:21

Ripple, unless you suddenly remember you have forgotten that they are now involved in the design, manufacture and installation of them given the rto. You then remember reading the prospectus which states the profit margin is 4m a year for the design, build and installation of the up coming one.Then again there is no way an investor would not be able to read the prospectus or work out the company is different now than when it delisted.

[ripplebc] 08/12/2015 10:17

Lets put this into perspective:

1) They say London Eye makes 30 million profit. Great
2) They say, potentially build one a year
3) They say part own one, not fully own. Not the part own 2.4%.

So lets assume each wheel turns over 30 million profit a year, really they are saying that's 600K profit per year, per year. Bearing in mind these take years to build, there is no quick sudden rise in profit or revenue here.

so 10 wheels 6 million. not a lot unless somehow they borrow and invest more to take a larger share. Clearly their take will be a revenue share from the design of the deal.

The company they purchased, what did their accounts show?

[andrbea] 08/12/2015 09:20

These wheels could be started all around the globe, as private money is apparently forthcoming. So what government would not want one?

"The New York Wheel will cost more than $500 million, all of it private money"

[someuwin] 08/12/2015 09:15

Great price to get in at - imo.

[andrbea] 08/12/2015 09:11

Mark Gustafson, executive chairman of Challenger, said the group aimed where possible to become a part owner of future sites on a far larger scale than in New York. He said a contract on a £100 million wheel should be finalised within three months.

[andrbea] 08/12/2015 09:10

Focus is now on the Dubai project (according to this article)

Bluewaters Island (below) is being developed by Meraas Holding, the real estate company controlled by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

[andrbea] 08/12/2015 08:59

some figures about the NY wheel (ready in 2017)

May 19, 2015

Construction began last month on the world's tallest observation wheel, standing at 630 feet. The New York Wheel will cost more than $500 million, all of it private money, said chief marketing officer Travis Noyes.

Projected to open in May 2017, the wheel will be able to hold 1,440 people in 36 gondolas. It is estimated the wheel could have as many as 30,000 visitors per day and more than 4 million each year.

[liquidgold1] 08/12/2015 08:41

Market makers trying to hold this but it will not be for too long...

[someuwin] 08/12/2015 08:39

Good start. Could go a lot higher.

[liquidgold1] 08/12/2015 07:36

Transformational day

Bet we may see 2poounds by close of week if not today

[exmooroil] 07/12/2015 20:48

It's a pity Simon Watkins can't get Starneth's name right. Good publicity nevertheless.

[liquidgold1] 07/12/2015 18:26

ready to rumble

target price hard to predict

I shall hold these until we hit 300

GLA tomorrow

[hedgehog 100] 07/12/2015 16:08

"Ferris wheel company plans to circle the globe - and build a new 'Eye' every year

By SIMON WATKINS, FINANCIAL MAIL ON SUNDAY

PUBLISHED: 22:01, 5 December 2015 | UPDATED: 11:50, 6 December 2015

Challenger Acquisitions – a company planning a global business building giant Ferris wheels – returns to the London stock market this week after six months completing a series of takeovers.

Shares were suspended in May after Challenger unveiled a reverse takeover of giant wheel builder Starneft and a £3million investment in a wheel in New York.

But after approval from City regulators, the shares will resume trading on the London Stock Exchange main market on Tuesday.

The group has a 2.4 per cent stake in the New York project, due to start operating in 2017. The company plans to design, build and operate giant observation wheels at the rate of one major project every year.

The Starneft acquisition means the executive team now includes Chiel Smits, designer and project manager of the London Eye.

He has worked on the Dubai-I, now under construction, Las Vegas High Roller and the Singapore Flyer.

Mark Gustafson, executive chairman of Challenger, said the group aimed where possible to become a part owner of future sites on a far larger scale than in New York. He said a contract on a £100 million wheel should be finalised within three months.

'We are not just looking for one-time projects but for long-term cash generation,' he said.

Though no longer linked to the London Eye, Challenger cites the success of the site as evidence for the potential of future projects.

Latest figures for London Eye, now owned by leisure group Merlin, showed operating profits of £30million a year.

Shares in Challenger were suspended at 38p in May, valuing the group at £5million."

[exmooroil] 03/12/2015 07:40

The share purchase agreement for the purchase by CHAL of Starneth from Smits International in the sum of euro7.2m contained a total cash element of euro3.75m paid in 3 equal tranches, with the balance of euro3.45m being settled in CHAL shares valued at 75p per share. This is the only indication I can find of what Smits, at least, considers an acceptable negotiated price. We shall see on and after 8th December what the market thinks.





"Of the consideration, €1,250,000 was paid in cash at closing, and two further cash payments of €1,250,000 will be made on the first and second anniversary of closing. The rest of the consideration will be settled in Challenger shares. A total of 1,100,000 Challenger shares were issued to the Sellers at closing (the "Starneth Shares"). Two additional instalments of 1,100,000 shares will be made on the first and second anniversary of closing, and the variable component will also be paid in Challenger shares after the end of each financial year. All Challenger shares issued to the Sellers under the Share Purchase Agreement are valued at £0.75 per share"

[andysaw] 02/12/2015 22:22

It had gone up from 10p to 97p after listing. Let's see how it performs 8th onwards...

[someuwin] 02/12/2015 15:39

What will the new name / ticker be?

[asturius101] 02/12/2015 15:27

About time - will be interesting on open