Conduity Capital Share Discussion Threads

[cerrito] 04/6/2013 12:51

Given the fact that EM has not been the recent flavour of the month a bit surprised to see recent strength
Note that first quarter aum up by 3 1/2% odd but no longer give breakdown of how much was news subs and how much investment increases

[cerrito] 19/4/2013 21:42

surprised that we have not had the first quarter AUM yet and it will be interesting to see how they compare with the 9.4% increase in AUM that Ashmore had in the first quarter of the year.

[cerrito] 26/3/2013 17:28

I am not in these at the moment but nevertheless had a quick look.
Looking at the income statement note an increase in performance fees for year to $9m from $4.9m the year before; of course management gets a lot of that. Performance related bonuses were up from $5.3m to $8.1m; indeed if you add performance related bonuses with share based incentive plan the combined amount went up from $5m to $9.6m.
OCCO was the star of the show with segment revenue up from $10.4m to $16.9m, offsetting revenue decline from Magna and a big one from Institutional. Occo had a supercharged second half with segment revenue of $12.8m
Not really convinced to add more at these prices, despite the comments on a good first quarter as with the wide spread you need a much clearer conviction than I have at the moment.

[christianf12] 21/1/2013 14:53

OSU moving up.

CCAP own a decent wedge of OSU. dyor but OSU trading at discount to cash currently. No debt and assets in for nothing.

[empirestate] 21/1/2013 14:39

Would like to see the buy side RNS'd at some point to gauge what's left. that is a huge amount of stock

[cerrito] 21/1/2013 11:01

Templeton selling down from 9% odd to under 3% of CCAP's total shares is significant given shares' low liquidity. The question is if they are going to sell down to zero and how much more they have to go.

[cerrito] 15/1/2013 18:05

Reasonably respectable results and good to see that revenue in 2012 was $30.7m compared to $23.8m in 09 even if way behind 2008's revenue of $43.6m and 2007's of $134m-need to remind myself later why that year was so good.
Note that they have net assets of $27m compared to current mv of £28m odd ie they trade at a 60% premium to net assets.
Market value would be 1.7x AUM which per my understanding given the generally high margin business of em assets is more or less industry norm but would be interested to hear from people who have done more work than me in this.
Continue to feel it will meander up and neither selling or buying.

[nick rubens] 15/1/2013 16:23

This share is on the move up. Looks like mm's trying to flush out nervous sellers with a lower bid while keeping the offer high.

[empirestate] 15/1/2013 14:23

looks pretty rosey in the garden. shame it was a bit of a muted response in the sp

[empirestate] 11/1/2013 16:57

What a great finish late on today. there is no weight on the share price at the mo and i think i will revise my target price to 13-14p on the back of todays move.

[empirestate] 10/1/2013 00:11

Cerrito, the financials are having a decent time of it at the moment. i think the market is probably a tad sick of bad news for the past 3 years or so. i added a few more here today as it's being looking pretty well primed for an upward swing.
If the AUM numbers touch USD3 Billion, this would obviously assist the bottom line and we could see 12-13p imo

[cerrito] 09/1/2013 21:02

very annoyed with myself that I did not increase my holding over the Christmas period; given the present state of the market I think we can go up another 2p ie to where it was this time last year but for me not realistic to the 20p+ of this time 2 years back.

[empirestate] 09/1/2013 11:01

looking rather keen prior to trading update, keep em peeled

[empirestate] 20/12/2012 14:23

some decent sizes gone through, that 150k looks like a buy at 8p to me

[empirestate] 17/12/2012 21:45

closing the gap to break out point

[empirestate] 12/12/2012 12:14

breaking the trend here today, if its breaks 8p mid reckon we could see 10 to 11p

[empirestate] 11/12/2012 10:48

took a small position here this a.m., plenty of cash on the books and potentially increasing AUM as investors renew their apetite for emerging markets with higher potential yields. trading update due 2nd week of Jan or there abouts.

[mrsapeslaptop] 07/12/2012 16:48

nice big dump at the end

[nick rubens] 23/10/2012 23:20

and it's now moving!! See you all when it's 15p and you are rushing in. lol

[protean] 14/10/2012 15:55

Highlighted along with AGTA in this recent Bloomberg video:

[nick rubens] 12/10/2012 16:25

Come back CCAP bulls, it oversold I reckon! Investor built up a 3% stake and AuM are supposed to be recovering on prior RNS.

[nick rubens] 12/10/2012 16:23

Time to buy!!! Cash rich balance sheet and AuM growing again on last RNS.

[timanglin] 10/10/2012 19:36

Expenses

Personnel expenses

(8,081)
(7,793)

a large chunk of the years' profit...

dyor...

[cerrito] 18/6/2012 08:11

Thanks Wexboy for this
Am looking at and would probably have bought but for the fact that I noted that money continued to leave in Q1.
Will wait till I see the end June AUM