||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Chelford (London Stock Exchange): 0 recent articles
|largeman: Ah! Now I see why!
Chelford Group PLC
10 January 2008
FOR IMMEDIATE RELEASE
Chelford Group plc ("Chelford" or "Company")
Statement regarding share price movement and Rule 2.10 announcement
The board of directors of Chelford ("the Board") notes the recent rise in the
share price of the Company.
The board confirms that it is in preliminary discussions which may or may not
lead to an offer being made for the entire issued share capital of the Company.
Discussions are at an early stage and there can be no certainty that an offer
will be made or as to the terms on which an offer might be made.
The Board, which is being advised by KPMG Corporate Finance, will make a further
announcement when appropriate.
Rule 2.10 disclosure
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the
Company confirms that as at the close of business on 7 December 2007, the
Company had 7,141,323 ordinary shares of £1 each in issue.
The International Securities Identification Number (ISIN) for these shares is
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in
1% or more of any class of 'relevant securities' of Chelford Group Plc all
'dealings' in any 'relevant securities' of that company (including by means of
an option in respect of, or a derivative referenced to, any such 'relevant
securities') must be publicly disclosed by no later than 3.30pm (London time) on
the London business day following the date of the relevant transaction. This
requirement will continue until the date on which any offer becomes, or is
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or
on which the 'offer period' otherwise ends. If two or more persons act together
pursuant to an agreement or understanding, whether formal or informal, to
acquire an 'interest' in 'relevant securities' of Chelford Group Plc, they will
be deemed to be a single person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Chelford Group Plc by Chelford Group Plc, or by any of its
'associates', must be disclosed by no later than 12 noon (London time) on the
London business day following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.|
|tole: Believe Charles Stanley hold a 200p target here...pricing it at 12x 2007e and 10x 2008e. Although they have stated that clarity on earnings might be prudent coming off the back of that Dec 2006 profit warning. (With the market pricing in a higher risk premium in the meanwhile)
Share price up at resistance now at 160p...hopefully any Trading Statement should clarify their position, especially with all the recent contract wins.
See where it goes from here...though hopefully a recovery looks quite likely considering its past 3 year earnings growth (disregarding this recent blip).|
|tole: It does look like the profit warning in December which knocked the share price has resulted mainly from temporary issues, both the difficulties around a fixed price contract and the delays in finalising contracts which were expected to be signed by the year end Q4.
Still believe Chelford can provide some good growth and as has been pointed out in the CharlesStanley note that the group now has the potential to generate significantly higher profits than those new forecasts. They point out that a rating of less than 10x current year forecasts does not reflect this potential and are currently rating the shares a Buy. (Note 16th Jan - price 162p)
They do point out that investor confidence has obviously been affected - but imo these provide some of the best times to pick up a bargain.|
|bookbroker: It takes time for moving averages to catch up with a share price move such as Chelfords, so it is logical for there to be an adjustment. The fundamentals for this co. look good, they are in the business of improving logistics handling via their software applications, the co. has hopefully corrected the problem of fixed price contracts and and continue to be optomistic on revenue visibility. Its prospects still look good, it is a thinly traded stock.|
|pc4900074200: My sentiments as well.
If my memory is correct large amounts of shares own by management and staff.
Do they care about share price, I think not. Their return is that they draw their
If their salary was to drop in relation to how the share drops we might see some
Also, they do tend to drop the share price when they have a buy in the back ground.
Low NMS and they always seem to be scratching around for shares.
|pc4900074200: I fear that we will see more of the same treatment tomorrow.
It looks as if the MM's have known something was coming
as they have been walking this share down for the last week
or so on small sells creating a snowball effect as others have
panicked and sold. [Should have taken heed and dumped my
shares as well] Same pattern repeating it's self for another year.
So now we all know, and for long term holders it's a 14.7% loss
today. We have seen 33% of the value lost in the last 3 months.
Bernie, I would not think of topping-up as if you look at the
trend [chart] by results [September] I think this share with the aid
of the mm's will be trading around the 1:00# mark.
May be worth a punt then. [IMO, I would not add].
Yes we have 8 new customers signed by the group for what good
that has done shareholders. 3 years of holding this share, seeing
contracts signed, thinking that I would see growth in my investment.
Only to see the company 'treading water' with the share price
jumping around on small trades but always heading back down.
Even the 'bottom draw' is complaining that I should clear this out.
|pc4900074200: Bernie the shareholder base is not that large,
many are held by dirctors and staff of CHR.
I do feel that post consolidation with the point
of consolidation being to steady the share base
these MM's games of 'hitting' the share price
hard on a minuscule amount of selling, tedious.
1,500 shares sold and they drop the share by 2.6%.
[Now 4,512]. They have been dropping this share over
the last few week and later in the day up come's a
larger buy that was placed earlier in that day.
Not marked as a late trade just added to the list.
To me showing that they dont have any shares in reserve.
Having held for three year's, even on the prospects of
3# or 4# I think that I will be out on the next reasonable
rise. To see the share gain a reasonable amount only to
see it time and time again be eroded back down on very
little trade, is as I have said, tedious.
If there was a dividend paid then may-be I would consider
holding, but this is now just wobbling around and I am
sure that I could find a better home for my investment.
Hopefully this years results / or build-up to, will give me the
exit point I am looking for.
|silverfern: It seems the share price is not inexorably linked to performance - in Jan 2004 we had the same share price as now, and no dividend in that time, so it 's dead time for the money, ie you could have sold at those levels. Of course if you bought at 130p around Xmas 05 you're quids in. That's the ups'n'downs of shares; but there's no consistent reflection of performance ni the price - I'll watch fomr the wings for now and good luck|
|tole: Nice focus in the results round-up in Shares mag today - highlighting Agility and the RFID technology and imminent deals. And shian and the employment of new staff to cut down on sub-contracting costs it faced due to demand for its SAP product.
Summary highlights CHR share price near the 12 month high but still trading at a big discount to the peer group software sector...
The same point highlightedin Charles Stanley recent note - at the current price of 277 CHR currently trade on a prospective PE 11.5x against the sector average of 18x|
|pc4900074200: I am beginning to wonder if we are victims of our own
success. I wonder how many shares there out there to
be bought. With only 7.11m shares in issue and if my
memory is correct, many are held by Directors and employees.
This share is shook from pillar to post each time shares are
required for buyers.
Take today? Take a look at the download data [not
the trade's page]. We have, 7.5k bought. 13.2k sold
and 19k under the ?
The last trade of the day is down as a ? not a sell. Is it
a good price for a large buy? and take note, it's a late trade,
but not marked as late.
4 T trades, two at above mid. price, one just under the
buy price and the last at bid.
One late trade show's that they paid just under top dollar,
and with a trade of 5.5k which is a buy, should have sent
the share price steeply upwards at 15:49.
So, there have been more shares bought than sold, but
we have dropped 4.8%.
The MM's are crying out for shares to cover any
buying that comes in. That is IMO why they hit this
so hard on small sells, the shares are not there for
them to sell.
Long termer's should know the score by now and
not be panicked when the share plummet's as it has
Yes it was the last of the 2005 / 2006 tax year yesterday
and there could have been people sitting on a profit
like I posted, I hold, the other day. Who's to blame
them for selling and taking profit at the end of the tax year,
but that was yesterday and the share took a fall for that.
Today's trades should have took this through the #3:00
Having held these for several years and seen many
build-up's to results and the aftermath following
statements giving steady and upwards progress.
It is IMO the answer to why this has not broken
out and advanced in price is the fact that they can't
cover any sustained buying so they fake a large drop
on a few small sells
Look back over the last few months. They sometimes
start the day with a large downward shake and out
comes a few sells and they have covered themselves
for the odd few buys. They have been repeating this
pattern every few weeks. Driving down the share,
trying to cover themselves for if they get a buy order
If we all sat tight on any shake, this share would fly.
Just IMHO, any thoughts from others?
Chelford share price data is direct from the London Stock Exchange