Citius Resources Share Discussion Threads

[folderboy] 05/3/2014 16:22

Strange pattern of trades - seems to be steady buying yet down 2%. Big disposal in the wings?

[strutt12] 28/2/2014 17:51

Maybe this will help!!

hxxp://www.shdlogistics.com/news/view/peel-harworth-partnership-to-control-5600-acres

Peel Group and Harworth Estates are to form a logistics property partnership controlling more than 5,600 acres of Northern warehouse land.

The deal - described by insiders as a "marketing arrangement" - will be formally unveiled at the MIPIM property convention in Cannes on 12 March.

The two developers will pool their land banks to create the opportunity for up to 60m sq ft of new warehouse development.

Peel will own 75% of the venture's land bank directly or through subsidiaries. The company already owns a large minority shareholding in Harworth.

"The idea is that Peel are strong in Lancashire, Harworth in Yorkshire, so it makes sense for the North," a source told SHD Logistics.

The move comes as Peel Group launches Peel Logistics to market 66 sites across almost 6,000 acres of land throughout the UK. It is believed to have a mandate to acquire further sites.

The new partnership with Harworth will involve two Peel entities, Peel Logistics and Peel Ports.

The move comes as Harworth and Peel appear to be competing for online retailer Ocado's 350,000 sq ft North West warehouse requirement.

Harworth's Logistics North site at Bolton had been tipped as the favorite but local speculation now links the requirement to Peel's 150-acre Port Salford site.

[freddie ferret] 28/2/2014 17:13

46 trades through today on LSE, last RNS was back in November. Not sure what is going on.

[the juggler] 26/2/2014 20:34

I certainly will if I find anything out :-)

[stargazer4] 26/2/2014 20:31

Let us know what your spade turns up!

[the juggler] 26/2/2014 20:14

Thank you Stargazer4 I was aware of the Haworth Estates connection. I just wondered if there was anything (even rumoured) on the horizon. I have recently taken some profits elsewhere and have some cash and I do like a little punt occasionally but do understand this would be a long term investment. Need to do some more digging first.

[stargazer4] 26/2/2014 19:59

I bought these in the belief that the close connection with Harworth Estates and Peel Group - both of which are not listed - puts CRES in an interesting position looking forward. But this is one to tuck away as a punt; I would be surprised (but pleased) if anything happens soon. Not one for day trading imo.

[the juggler] 26/2/2014 19:13

Anyone know what the company have in the pipeline? Considering buying a few to tuck away. A friend of mine holds some and believes there will be news soon.

[freddie ferret] 26/2/2014 16:02

Paint's nearly dry I think.

[dazzaa] 20/2/2014 20:22

Likewise, just cast our minds back to the rights issue 86.9% take up, I believe this company has only one way to go however that said we're just punters not in control of anything but those that do run the Company are pretty good!

The market will recognise, sense and respond when it's ready, I'm sure ff has an algorithm ready to help us!!

[freddie ferret] 20/2/2014 19:15

I'm not keen on the indicative trades data, however this has been posting up sells for some days with no effect on the price. I think we have an off market buyer or something similar. Not sure if this is traded on the ISDX, I'm not really very worried since I view this as a LTH.

[dazzaa] 18/2/2014 17:39

Yep I'm sure as said the revaluation of assets due soon will be interesting!

[dazzaa] 18/2/2014 17:14

Ok freddie why so confident I'll admit I'm no chart man.

Explain in simple terms please if that is possible

Dazzaa

[freddie ferret] 18/2/2014 16:47

Well now, that is one exciting chart.
Something will shortly happen I am sure.

[strutt12] 11/12/2013 08:52

Should be over 10p after valuation and 20p for takeover.

[badger1963] 09/12/2013 19:33

does anyone bother posting on here ?? re evaluation due share price I expect to hit 8p if not a little higher any takeover 15p any one interested in commenting on my share price valuation guesswork

[dazzaa] 10/11/2013 23:50

I could say that granting the 25% holding was the best move the Trustees made ie in gaining the expertise and leadership from the deal but who are we, mere bystanders hoping we made the right investment.

[jeffian] 08/11/2013 10:25

Nice about values but not so nice about how the Pension Fund Trustees gave up 25% of something to which they were already entitled to 100%. The MP is barking up the wrong tree with the SFO, but he might rattle a few cages if he took it up with the Liquidators. Remember this exchange?

"jeffian 1 May'13 - 10:20 - 187 of 392 0 0 edit

My concern here is this. (I hold, btw). I was always rather surprised that they 'got away with' splitting the company's property assets from its mining business as the property assets were always likely to be the principal asset to back the pension fund liabilities. I was amazed (but happy!) that the Pension Fund Trustees were prepared to accept 100% of the liabilities in exchange for less than 100% of the assets. It was bad luck that the Daw Mill fire brought the problem into focus within weeks of the deal whereas they probably expected the mines to stagger on for years before finally running out of money but (and here's my problem) if the mining side goes into liquidation, I believe there may be circumstances in which the Liquidator could unscramble the deal if he thought the intention was to 'shelter' the assets which he could otherwise have claimed to help settle liabilities. Any lawyers out there care to comment?

Dazzaa 1 May'13 - 10:52 - 189 of 392 0 0

YES Jefian remember we are talking about PLC's not some deficient adult in need guardianship there would have been many months of negotiations with the best lawyers money could buy, Daw Mill had been marked for closure or certainly talked about during that time anyway so what surprise there!

I'm no Lawyer but commonsense saves a lot of money, of course the intention was to provide shelter otherwise where would we be.

jeffian 1 May'13 - 11:02 - 190 of 392 0 0 edit

"... of course the intention was to provide shelter otherwise where would we be."

Indeed. But my limited personal experience of company Liquidations suggests that if the Liquidator feels that assets have been removed from a company just prior to its liquidation to protect them from being seized by the Liquidator, he may be able to unscramble that deal. Does anyone know if there is any danger that could be the case here?"

[strutt12] 08/11/2013 08:21

Nice comment from the below article

"Mr Mann told MPs there was huge value for UK Coal in its land assets, particularly with all parties keen on house-building."

[stargazer4] 30/10/2013 10:15

Thanks I've had a look. Quite a thread! Anyone interested in CRES should read it. What we have effectively is a shell company with a 25% holding in something which could be very large indeed. And which is not listed, nor is the other large investor in CRES. Intriguing..........

[badger1963] 29/10/2013 16:21

stargazer4 , you may be interested in the LSE BB London south east , a little interest on there

[stargazer4] 28/10/2013 11:36

I've just rejoined this site after 10 years and find the postings as good to read as ever! I've read right thru this one with interest as I've just placed CRES in my SSAS as a long term play.

What I like about it is:

Mr Cox chairs both this plc and Harworth. Like him or not he is a big beast with a seriously good track record

The interplay between CRES, Harworth and Peel, including at director level, and the fact that neither of the latter are listed

The fact that Harworths 30,000 acres may well be substantially undervalued in the current market. Less than £17k an acre of mainly development land?

Before making my decision, I walked our local former colliery site. This is already slated for development, with a mix of housing, commercial and recreational. What struck me most was how perfect a site it is, with roads and other utilities in place. I don't think it matters that most of Harworths land is in the north - just look at what Peel has achieved in the north west.

I don't expect a return for a good while, but will hold until I have at least doubled my money.