Christie Share Discussion Threads

[cockneyrebel] 14/3/2006 14:26

firming up on level II, just 1mm on 123p offer now.

CR

[jakleeds] 14/3/2006 11:55

Some interesting goings on at dtz today, only a matter of time before people catch on to the value available here at ctg

[jakleeds] 13/3/2006 15:58

Bought some - I love buying the dips :-)

[cockneyrebel] 13/3/2006 15:48

SVS, DTZ, COL ..........................

Now think CTG - the commercial property business here must be worth the market cap alone and more!

Moving up - last chance to catch a dip arrives at some point.

CR

[edmundshaw] 13/3/2006 14:48

Results in April.

Don't know exactly when, but you could ring the co.

FWIW I'm thinking of topping up if we drop a few more pence on the two bases of fundamentals and chart support

[pav 1] 10/3/2006 10:03

When r results day for this , 1st april? C.R do you follow cau by any chance. cheers pav 1

[cockneyrebel] 09/3/2006 16:50

looks like some stock cleared then, probbably why we've been moving back up I suspect.

Might start the uptrend again now then.

CR

[sheik yerbouti] 09/3/2006 16:34

There's the big T trades - 100k and 75k at 122p.

[cockneyrebel] 09/3/2006 13:43

the potential here hasn't even been sniffed imo.

A few weeks ago I sat here while puters sold 5Ks, 10Ks etc and the mm's soaked everything thrown at them without marking down. Whoever was buying then knows the value imo.


5.3p eps in H1. You don't even need an improvement in H2 over H1 to make these good value on a PE of 11 and a 3% yield. Of course, H2 could be a dissapointment but would the FD have been buying heavy at 110p two months before the year end if they had bad news?

Now do a sum of the parts estimate ofd the value - they could sell the Estate Agencyt business for nearly the whole market cap imo - Commercial retail is very hot - see SVS results yesterday.

CR

[ddahj] 09/3/2006 13:00

There must be a big seller? I agree a great value share. These certainly have the potential to double or treble. I wonder if the 8000 shares was an earlier sell? I have sold some other shares to buy 5000. It's up about 20% in the last six months so looks quite promising. Knowing my luck may fall further? Next year I hope the company can give us more frequent news updates.

[cockneyrebel] 09/3/2006 10:50

A big buyer has been buying for weeks - probably filled now.

Weak market so the bored all start trading out as their bottle it here and there.

Have you seen how many the FD was buyin at 110p recently?

RSI now oversold, woosy punters selling anything, price just above what the FD was buing at and other directors - looks like a buying opportunity to me ahead of the results myself.

Still, the traderboys love selling low, buying high.

CR

[ydderf] 09/3/2006 10:44

crookney another fine mess you've got the board into! lol

i presume you've dumped?

[sheik yerbouti] 09/3/2006 10:22

CR, not sure about your theory about a big buy, more like a big sell! Or is this just a tree shake?

[sheik yerbouti] 08/3/2006 08:27

Yep, about another 4 weeks to wait for results now.

[cockneyrebel] 08/3/2006 08:14

have you seen how strong Savills say the commercial property market is today?

CR

[cockneyrebel] 03/3/2006 08:25

Moving up - watch these mm's buckle at some point - 10K buys and they are looking for 20K online too

CR

[sheik yerbouti] 02/3/2006 16:31

Hope so, these have gone nowhere for a while. You can't buy more than 5 grands worth on line.

[cockneyrebel] 02/3/2006 14:18

Coe on guys, wake up - 3 x 10K buys gone through and you can sell 20K online - mm's are out to get stocks - something is cooking imo

CR

[cockneyrebel] 02/3/2006 12:34

Hey, take a look - marked down this am to scare a few out imo - 2 x 10K buys - reckon they have a big buy to fill

CR

[maximoney1] 28/2/2006 19:41

I dont think you will get too many people arguing with you CR... looks to be a 'when' not 'if' situation.

;0))

[cockneyrebel] 28/2/2006 19:22

Forget the chart, just remember this - this is the potential. The might never achieve this valuation but if they just get part the way there they are going up 50%-100% over 6-12 months imo. This is a bit re-posted from above:

First, let's look at the the Commercial property division - Christie and Co, Christie First and Pinders.

These three between them had turnover in 2004 of £37.3m Savills had £316m sales. Savills is valued at £650m. So on that basis alone if a company bought the Christie property division they might pay £75m for it on a valuation the same as Savills.

The Software solutions business VCE Timeless had sales of £13m in 2004. VCE Timeless is an EPOS (Electronic Point of Sale) Software company. A similar company might be Ascribe (ASP). In 2004 Ascribe had sales of just £6.5m and a market cap of £37m. You might therefore expect this division to be worth £75m

The Stock Inventory Businesses, Orridge and Venners had sales of £20m in 2004. A similar business might be Chelford which had sales of £12m in 2004. Chelford is valued at £17m On that basis you might expect this part of Christie's inventories business to be worth £25m.

Sum of the parts, based on sales, these three businesses could be worth around £180m if the business was broken up and sold. Christie as a single entity is valued at £31m.

Come on, if you're a value hunter you can see the cheapness here.

They are set to do £80m in sales here, they are valued at less than half sales! Think about it. It isn't going to take much of a margin increase here to get the profits way higher. If they got margins up to 7% they are on a PE a little over 5 while it's quite possible with these type of businesses the margins go above 10%. If they achieve that the PE is 4.

The market is fast asleep here imo - they could quite possibly sell the property business alone for far more than the current market cap.
--------------


That's what matters!

CR

[maximoney1] 28/2/2006 19:11

Yeah...not every brew turns out right...lol. At least i held my hands up and admitted ive got it wrong, rather than just dissappearing into the 'ether'. Maybe next time eh!
Good luck to all holders
maxi ;0)

Edit.....it does mean that its likely to get played out based on 'older' support trends which could mean a bit of a delay now, before significant movement, but i wont bore you with any more of my nonsense. Best wishes.

[sheik yerbouti] 28/2/2006 17:46

Yeah, don't think much of those tea leaves!

[maximoney1] 28/2/2006 17:26

Back to the drawing board for me then....lol!

[cockneyrebel] 26/2/2006 11:32

thats the chart :-)

When these take off from here I reckon we can see some of those steep rises again myself.

CR