||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Real-Time news about Chromogenex (London Stock Exchange): 0 recent articles
|trentjones1: Dorset - I think Batty has been taken as much by suprise by this sudden RNS as we all have. Firstly, the market traders are of course taking advantage of this news to shake nervous holders (such as probably yourself) into parting with their shares. I think though that we have to read between the lines here.
These are the interesting parts of the RNS:
" The Board is also reviewing the Company's future strategy and believes that in any potential future corporate transaction the current share price would make it very difficult to apportion any meaningful value on the Company and its assets such as Intellectual Property, current assets and tax losses. "
Well, that is completely true IMHO.
"Impact of the Cancellation
Following the Cancellation of trading in the Company's shares on AIM, the shares will not be traded on any public market. However, as mentioned under "Dealing and Settlement arrangements" below, the Directors intend to use reasonable endeavours to create and maintain a matched bargain settlement facility"
For canny investors this is obviously an opportunity IMHO.|
|spud: Careful chaps - I was invested in DAG when they were taken private and didn't receive a penny. The share price rose rapidly to 5p before they pulled the plug and subsequently quoted costs which wiped out the value that they would have paid to shareholders. Lost approx 25k.
BTW, the company appears to be flourishing now and is still being run by the existing Directors.....
The only losers were the shareholders!
Check out the thread on ADVFN.
|shakyhands: Yes,the market for micro-caps is totally bombed-out at present.A couple of the unlisted companies I have shares in use their shares as a form of currency - at valuations that would not be possible if those companies were listed,since sellers would force the share price down.
So if the plan is to go private,and then to sell out,I'd be inclined to agree.However,cash is tight at the moment,and buyers aren't fools - they can always refer back to the last price at which the shares were traded.Economic conditions are likely to get worse before they get better [sorry,I have to be realistic! ]
N.B. Good news might not keep the share price up for long.It might be wise to keep some back until after going private,so as to be able to say to a buyer 'that wasn't in the price'.|
|battyman2: I would suggest that you'd better buy the 500k shares fairly soon (IMHO) because I would think that the Pound/Dollar exchange rate must be really helping Chromogenex's sales. More then likely a trading update will be issued within the next few weeks and we won't be seeing this low share price level again!|
|battyman2: Afternoon all. The answer to your question is Yes I do still think that McG is trying to offload CGX and everything that's happened in the last week or so enforces that belief. He's streamlined the outgoings and he's trying to get the share price up to an acceptable level. Once that happens I think we'll see some real action.|
|dina: Can anyone tell me if the share price has really now bottomed out? I do want to buy a few just to average down a bit but don't want to be caught out!|
|trghe1: Up or Down???
Interesting post over a year ago:
'FlatEric - 4 Oct'06 - 14:41 - 75 of 871
Investors Chronicle (IC) article gave a tip to BUY at current level, 9.5p. The 6 months interims showed net £236k, but this included a £177k negative goodwill write off, so that won't be there 2nd half. With the growth going on here, and other countries expansion in place, could we see a healthy 2nd half to add to the first half, I wonder...?
A nice £500k to £600k net profit with this sort of sales growth could see a decent forward p/e applied would see an appropriate share price attached. This is a growth game and this one is growing.
The 'fat-busting' laser is under trails and should see some decent revenue next year. There are many fat people around.'
What has happened to the 'fat-busting laser?|
|spud: A conservative 10x earnings for this sector is very undemanding putting the share price at between 8 & 9p if they come in @ 500k as has been intimated to me by the FD.
Re new product then i expect them to announce a face lift improvement of an existing product first of all.
|smarkmmm: 3johnny - thanks for that - where did you hear about it? And when did it happen? I wonder how much money CGX have tied up with them?
Since CGX [from the interims] "have expanded our direct sales force in the UK which brings significantly better margins on all products" and have only 25% of their sales to the UK anyway, there may be little impact. The news may even already be reflected in the depressed share price!!|
|liarspoker: 2m shares at 6.5p each. Basically it means there is no incentive for management and there will be dilutement.
Look at the options at FSG exercisable at 85p+, current price is now 47p - that is an incentive for management imo. Also the FSG options are exercisable if the share price is higher then 85p for 3 months previous to the exercise date.
The 6.5p options have dramatically altered my perspective of CGX......and not in a good way.|
Chromogenex share price data is direct from the London Stock Exchange