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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Circle Property Plc | CRC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.50 | 3.50 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Top Posts |
|---|
Posted at 01/5/2019 12:37 by markyjacob123 Anyone point me to some decent research on this company? Seems like there is no proper coverage.An investor has mentioned it to me but I cannot buy yet. Please NOT that Edison rubbish. |
Posted at 26/6/2007 09:57 by pentangle I had a fair chunk of these and like a previous poster said, am feeling somewhat mugged. With the news release and the torrent of selling these shares should have dropped at least 25% and would have normally. Hence most rational investors will have been pleased at the time to scuttle off with so little damage done. Of course, if one assumes that the Directors were informing investors of the current situation in good faith and coincidentally someone was standing in the wings ready to sop up all these shares (about 30% of the company I would have thought) who had no prior knowledge that this announcement was going to be made, then that is all good and fine, and basically our bad luck that someone else saw value when we were just glad to get out.However, if one looked at the theoretical situation, which of course would not be the case here, that directors were to release a negative announcement in the certain knowledge that it would provoke significant selling, and that their associates had prior knowledge of the announcement and took up all the available stock released as a result of the announcement then that would be market manipulation of the worst sort and certainly illegal. Its just good that this is clearly not the case here. It will be very interesting to see who these far sighted investors are who have picked up the stock. |
Posted at 25/6/2007 16:46 by douggy b With approx 40% held by Forrest it is hard believe that anyone is able to buy so many shares without their involvement. The problem is that very few investors seem to disclose to CRC when their material holdings change, either that CRC don't disclose them! Last time I checked approx 75% were held by named holders.Buying 25% stake when 75% is held by material holders is practically impossible unless you have some collusion / deal going on. If you gain 30% holding you are obliged to make a takeover offer under AIM rules aren't you? I bet that when the results come out later this week the 3% holdings are very different from the last accounts & any movements on the RNS released in between. Sudden pick again this afternoon can only mean that there is another large buy order being filled. Expect a further rise tomorrow or a large trade going through first thing as a late trade. |
Posted at 16/6/2007 18:48 by badgerry SerpicoUK : Companies are usually acquired by the management of one company who think they can make a better of job of managing the assets of the company they acquire. So a poor management team may present a better one with an opportunity? I agree with you that projects in themselves do not make investors money but hedge funds in particular have been very successful at identifying underlying value in assets/projects that are ultimately realised by a new managment team or company. 20M shares dont change hands without someone having a long hard look at what they are buying - time will tell and we should get some shareholder notifications next week to clarify fridays trading. |
Posted at 16/6/2007 16:49 by serpicouk Well, I guess my issue is that AIM is littered with 'elephant sized' 'massively undervalued' 'Company making' projects that are plagued by mis-management and result in a woeful share price performance. Good projects in themselves do not offer good value to long term shareholders. It's the management that adds the value to the project.I have no doubts that the projects CRC hold are very good. However, the company told its investors that it was financed, that start up was on schedule to start by October and that de-watering was near completion. After a news blackout the truth emerged that the costs had been significantly miscalculated resulting in a probable additional placing. The higher costs mean the IRR has dropped from 80% to 52% at historic copper prices. The project schedule has slipped to an unclear point next year and de-watering was not near completion. Either the management were stupidly optimistic or they were economical with the truth. Both characteristics trouble me so I will wait to see how this develops over the next 6 months. Best of luck to those that hold. |
Posted at 15/6/2007 22:48 by badgerry Whats that got to do with CRC I didnt ask for a list of Cu projects in the Congo. I am simply pointing out the fact that there may well be considerable value in CRC for long term investors. Nikanor would cost substantially more to acquire than CRC as it is a much larger project and is not a comparative. |
Posted at 14/6/2007 22:34 by stemis Last year they released their results on 30 June, so if they keep to that schedule we should be getting them pretty soon.Certainly CRC are not exactly shouting their prospects from the roof top, but with their funding (and options) in place maybe they are pretty sanguine about investor relations until they have something to crow about. Its hard to know. They certainly managed to get their funding away in February without too much of a discount or any issue of warrants. I'd much prefer some visibility of what is going on and it certainly adds to the risk factors, but at the moment its in the price. |
Posted at 14/6/2007 21:15 by reefseeker Am I the only one worried that there is no executive management team apart from the chairman in an acting CEO capacity; they've been looking for a new one for several months. No CFO either. The web site is out of date, the contact email does not work, there have been no recent investor presentations or analyst reports. The web site still shows the CEO as Chris Jordinson, complete with full bio! Is the de-watering complete? Are they still expecting to commence producion in three months time? I guess we'll get all the answers very soon. |
Posted at 12/6/2007 16:26 by unionhall Congo will review mining contracts By Nathan Becker 11 Jun 2007 at 03:53 PM From Resource Investor.... The Democratic Republic of Congo launched a review of about 60 mining contracts, taking a look at whether the deals are legal and fair. "The experts will have the delicate job of exposing all irregularities that taint these contracts," Congo's Mines Minister Martin Kabwelulu announced in the capital Kinshasa. Coming into concern is whether some contracts will be canceled because they're bad enough that they can't be repaired. "I don't want to say just yet if there will be any eventual cancellation of contracts. We are confident that the partners we've signed contracts with want to see our country develop. I hope no contracts will be cancelled," he said. |
Posted at 01/3/2007 00:37 by drewz That's often the trouble with being invested in miners in the early years - the market value (by capitalisation) goes up and up, but the share price goes nowhere, simply because they need to keep raising money issuing new shares and taking on debt to get the projects up and running. Eventually though the cash flow kicks in and accumulates, shares are bought back and cancelled, and investors are in clover. That's the theory anyway. Shame is that only a small number ever seem to make it through to the big time. So many run out of money and fold, or are folded into another with deeper pockets. There aren't many who go on as independent miners to become 10 or 20 baggers, like First Quantum or Aquarius Platinum. Perhaps CRC will be one. And RDG, and ACU. |
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