Christie Share Discussion Threads

[cockneyrebel] 23/3/2006 12:28

Large trades showing - looks like a keen buyer has found someone to flog him some stock - nice to see keen buys ahead of results imo.

CR

[edmundshaw] 23/3/2006 10:17

Yeah, Cassata, you and everyone else. Give it a rest.

[Abuse team] 23/3/2006 10:15

Post removed by ADVFN

[edmundshaw] 23/3/2006 10:14

Well the market certainly believes CTG - the CPC share price has doubled today!

With around 10m shares in issue, a 1M bid by CTG ought to be 10p a share I guess, and the current bid/offer is 5.5p/7p.

The current managment looks a little, er, dubious, when you compare current statements with what was stated in the last interims. But that happens when companies struggle...

However, the part of the business CTG is bidding for looks the best bit, with turnover of perhaps £2.5 to £3.5 based on the CPC interims and previous finals respectively; the accounts do not make easy reading, as there is no breakdown by division for profitability, but the offer looks like a good deal.

The unknown would be integration success and client feelings; but if the audit and stocktaking business has been good, that division should be fine, and good chances for X-fertilisation within CTG if this goes through.

All in all, positive development for CTG IMO.

Or to put it another way, looks like CPC management party is going to spoilt, with CTG the spoilers, and everyone except the CPC management the beneficiaries.

Long live the free market, eh?!

[sheik yerbouti] 22/3/2006 19:17

Yep, sounds like they made a feeble excuse about CTG not having the cash fast enough, which wasn't true. CTG have built up a good stake so must be in with a fair chance.

[cockneyrebel] 22/3/2006 19:08

Looks like some slimey MBO carpet bagging exercise that CTG is going to spoil and pick up cheap I reckon :-)

CR

[sheik yerbouti] 22/3/2006 19:04

That was a late RNS! Looks interesting.

[cockneyrebel] 22/3/2006 17:24

RNS after the close regarding acquiring the audit business of Capcon.

Looks like there were some directors there trying to skim this business off on the cheap and Christie are spoiling their party! Looks like they know they are going to get some great business here and buying it for cash.


Looks like fun :-)

I won't clog the thread with the whole RNS - read it on the CTG news.

CR

[cockneyrebel] 21/3/2006 10:54

Well take a look at COL today - cheap on any estimate and trading at about 30-40% discount to the sector.

Sales £79m, mkt cap £79m - profits nearly doubled.

Christie Group: Christie and Co property division sales £40m this year - the whole market cap for Christie Group is just £32m! They then have the two software divisions!

The Christie and Co Property division might sell for the whole of the business valuation and more if it was taken out on the lowly rating that COL is on!

Could be huge upside here imo - and all the commercial property companies stating business is strong!


Read post 7 above for more details.

CR

[tole] 20/3/2006 21:25

Ok - Thanks CR. Better take a look then :)
Yep noticed the dip today, been watching a bit more closely since the last one -and it didnt stay long at 120p that time.

[cockneyrebel] 20/3/2006 21:07

No broker forecasts, that's what makes it interesting imo Tole.

Finance Director Robert Zenker bought 60K in Oct increasin his holding by over 50%. Tont Chambers had 30K increasing his holding by 200%

2.4% yield and the parts of the business look like they add up to far more than the whole imo, miles more.

Good luck, nice little dip today.

CR

[tole] 20/3/2006 20:15

Hi CR
Anyone able to post the forecasts here or anyone have any broker write ups they can forward on? Quite fancy having a further look at this and any info would be great. Tia.

[ddahj] 20/3/2006 12:52

I think there are sellers taking end of tax year gains. I'm hoping for good results in April. It would be helpful if they announce results on the 5th of April.

[cockneyrebel] 20/3/2006 10:01

Another shake attempt imo.

How comes they still want to buy 10K online if they are marking down and the normal size they deal in is 2.5K?

They still have a buyer imo tried a shake, tried a rise, now trying a shake again imo.

CR

[cockneyrebel] 17/3/2006 16:11

sells all day and the bid hasn't moved - big buy being filled imo, again.

Market snoozes imo.

CR

[jakleeds] 16/3/2006 11:48

Still not reached its recent high, will breakout properly when it finally does imo, in the same way col is doing

[cockneyrebel] 16/3/2006 10:32

yes - keen or what?

The guy that had been buying loads a few weeks ago I bet.

Meanwhile Savills, DTZ and COL have all been rising nicely and making CTG's propert arm alone look well undervalued imo.

CR

[jakleeds] 16/3/2006 10:15

Someone's confident, paying £1.40 for 20500 shares this morning!!

[jakleeds] 16/3/2006 08:47

...and so far so good today, heading up again!

[sheik yerbouti] 16/3/2006 08:28

Shot up on very low buying pressure yesterday, no delayed trades reported.

[sheik yerbouti] 15/3/2006 13:08

Perhaps they ought to spin it off and give it a separate listing then. That would create some shareholder value.

[cockneyrebel] 15/3/2006 12:51

Look at the commercial property business alone!

CTG £40m+ turnover this year - Colliers CRE £66m turnover.

CTG market cap for the whole business inc the software companies = £32m, Colliers CRE mkt cap £75m!

And Colliers CRE is trading at a 30% discount to the sector!!!

CR

[sheik yerbouti] 15/3/2006 12:43

That's more like it, I was starting to get bored!

[jakleeds] 15/3/2006 12:28

Well done CR, and once again thanks for bringing it to my attention. Held these years ago and watched them ever since, very cheap as you say