Coburg Grp Share Discussion Threads

[lukic] 12/11/2001 16:30

Hi Bones - it's funny but I just looked at the chart and if the present trend continues, we should be due an uplift soon.

I really dont like owning shares that do nothing day after day and like you get bored. Be nice to see some action on the reverse takeover or anything worthy of an RNS soon.

Hope you are well

Lukic

[bones] 11/11/2001 12:14

lukic - are you still around? It has gone dead again on this share......

With the pattern being flat for weeks followed by a tick up on lumpy buying, this could be a new chart pattern! What shall we call it? The terrace? The high dependency patient? Sorry, just getting bored :)

Hoping that, by posting, it will shake up the share again! I wonder if it would be worth calling the company again? I'll think about it!!

Bones

[lukic] 11/9/2001 23:18

Thanks Bones - hope you had a good holiday too.

My other penny share, PCM has done well over last 2 days also, on the back of some good inetrim results.

[bones] 10/9/2001 14:55

Another 500k trade, this time at mid-price 2p. Instinct tells me it's a buy but I could not be certain. We are at a critical level I feel because, during the company's rescue period of the last two years, they have consistently issued shares at 2p. The question is whether these shareholders would begin selling above 2p. I think the shareholders concerned probably would not have expected great things in the near term so I would hope they will stay with the ride.

Bones

[bones] 09/9/2001 11:34

lukic - sorry, been in Spain for a week! Nice to see the movement while I have been away. Looks like a couple of half-mil purchases early in the week leaving the MMs short of stock. Encouraging to see no selling of any size. A lot of punters got out at 1p in April and May....

I won't sell until there is some definitive action on the corporate front. In the meantime, the business is chugging along OK.

Regards
Bones

[gordgeko] 05/9/2001 23:47

GO TO BED SARDINE

gg

8-)

[sardine] 05/9/2001 01:16

I hope not another Just but well worth checking out. There is a good thread running on the FBB, but be careful.......Yes I am holding!

[lukic] 04/9/2001 16:30

Bones - any idea why the price is up so much?

[lukic] 03/9/2001 10:42

Nice little tick up again - not sure why but I'm not complaining.

[lukic] 24/8/2001 16:37

lol - surprised the price didnt shoot up after that

[bones] 24/8/2001 16:25

spoke too soon. Someone's forked out a century LOL

Bones

[lukic] 24/8/2001 14:50

I have never ever known a company on final results day, have zero share trading activity - unbelievable!!!

[lukic] 24/8/2001 09:27

Thanks Bones - Just read the results and think the same.

Am happy to sit and wait. This purchase was a speculative punt anyway. I know it went to 17p on rumour of a reverse takeover of some sort. I view this as a potential high profit, but also realise that the share could stay put for a long time yet.

The main poistive for me is that the price trend is now upwards.

Take care and have a good bank holiday

Lukic

[bones] 24/8/2001 09:02

Results out today! Pretty mundane stuff and much as stated at the interims.. Here's the RNS:



Little to add except that my reason for buying these has not changed. This is essentially a shell company waiting for the right markets. The directors say the right "business" but in these markets they won't get anything away.

Now that the close period has finished, I would like to see some director buying.......!

lukic, I think you are going to have to be patient! I was fortunate to pick mine up at 1.375p in March. At that time, it looked like all the selling had been done and volume had virtually dried up. I accept this is a patient game and it sits in my ISA!

All we can do is wait my friend :)

Regards
Bones

[lukic] 23/8/2001 21:30

Thanks Bones, you are a star. Gut feeling is that the results will be good. If they were struggling they wouldnt have bought CK with cash. Fingers crossed for an increase. I hold at 3p - how about you?

[bones] 23/8/2001 15:49

lukic. Just spoken to the Co secretary, Mr Clayton-Gale. The latest date under Stock Exchange 120-day rule is 29 August and they are finalising the releases now. Hopefully, we are looking at Tuesday or Wednesday next week.

No clues!

Regards
Bones

[lukic] 22/8/2001 10:32

Any news yet Bones?

[lukic] 21/8/2001 10:02

Thanks Bones

[bones] 20/8/2001 10:54

lukic, doesn't look that way :-) No sign of announcement either! Wonder if I got a bum steer.... I'll ring them tomorrow if nothing shows up

Bones

[lukic] 17/8/2001 16:41

Do you think we may get a flurry of buying on Monday??

[lukic] 16/8/2001 14:07

thanks Bones - fingers crossed for good figures.

[bones] 16/8/2001 08:56

lukic - I am told 20 August - next Monday (see post 29)

Bones

[lukic] 15/8/2001 15:14

I didnt realise that Calvin Klein had a coffee business :-)

By the way, when are the year end results published??

[bones] 15/8/2001 13:06

This is small espresso, granted, but a bit of action announced (I can see why they think a stock market quote for the coffee business is considered OTT!!


RNS Number:5210I
Coburg Group PLC
15 August 2001


Coburg Group plc announces the acquisition of CK Coffee Limited as of August
14th 2001.

CK Coffee Limited is a distributor of coffee & tea and related products to the
food service industry.

The consideration of the acquisition is a cash payment of # 87,000 for 75% of
the issued share capital of CK Coffee Limited, and a further payment of
# 14,964 for a subscription of new shares, following which, Coburg Group plc
will own 78% of the enlarged issued share capital.

The net assets of CK Coffee Limited are # 23,848.

The profits of CK Coffee Limited for the year to April 30th 2001 were
# 14,151.

The transaction will improve the overall market presence of the Group, and
increase the geographical coverage in the UK.


Enquiries:

Konrad Legg (Chairman) - 020 8317 0103


I guess the fact they are paying cash is good news and suggests they are not strapped!

Bones