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CMO Cmo Group Plc

22.50
-1.00 (-4.26%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cmo Group Plc LSE:CMO London Ordinary Share GB00BMB5Y385 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -4.26% 22.50 22.00 23.00 23.50 22.50 23.50 2,916 14:02:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Catalog, Mail-order Houses 83.07M 367k 0.0051 44.12 16.19M
Cmo Group Plc is listed in the Catalog, Mail-order Houses sector of the London Stock Exchange with ticker CMO. The last closing price for Cmo was 23.50p. Over the last year, Cmo shares have traded in a share price range of 17.00p to 28.50p.

Cmo currently has 71,969,697 shares in issue. The market capitalisation of Cmo is £16.19 million. Cmo has a price to earnings ratio (PE ratio) of 44.12.

Cmo Share Discussion Threads

Showing 226 to 244 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
25/10/2004
09:11
Happy enough to be back in - the cheap stock seems to have gone. Just sit and wait now, I think. Even if the bid does not materialise, the shares are pretty cheap and should do OK in the medium term even if they fall to 170 or 180 pdq. And if the bid does pop up, well, I'll be looking at a quick turn.
pippin
23/10/2004
14:24
Copied from previous thread May this year

Independent Comment

Comino 'a sitting duck' as software groups attract takeover attention
Small Companies Notebook
By Stephen Foley
04 May 2004


Comino is a "sitting duck for a takeover", our City sources tell us. The takeover of London Bridge Software by the US group Fair Isaac reminded people that Comino - whose software systems are used by housing authorities to make dealings with their tenants more efficient - attracted transatlantic interest last year from Constellation, one of the big players in social housing software in the US.

Constellation eventually sold out their stake and Comino's shares have gone nowhere in the interim, despite an improving profit performance. Results are due later this month.

Speculation as to who might take a pop at the business is centring on Civica, which floated in London in February and which is hunting for acquisitions. Civica is a big supplier of software to local authorities, helping to issue parking tickets, monitor bus lanes and collect taxes. What it doesn't have is a big presence in social housing ... which is where Comino would fit in.

With Constellation still keeping an eye on developments and other acquisitive domestic companies also likely to be hovering around, Comino is one to watch.

johnroger
22/10/2004
22:01
If there is a bid it may come from civica or across the pond
crossgate
22/10/2004
09:44
well it appears the selling has stopped, just need some buying now
crossgate
21/10/2004
14:19
So was the 6425 at 208!
pippin
20/10/2004
15:29
Thanks crossgate - I'm watching for the same reason. Not sure what the right price is yet.
pippin
20/10/2004
10:12
Well, the share price is saying something....
pippin
30/9/2004
20:49
Is the takeover going to happen?Who are they talking to? any opions?
jbarcroftr
09/9/2004
15:28
Wow, wall to wall selling and still it rises. I joined the club today - it's getting too close to where I think the bid will be pitched and something could always go wrong...

Best of luck with the ride, spooky. I agree completely about your volume argument. But do remember that there are arbs out there, especially US ones, who pile in to many stocks on the announcement of a bid approach

pippin
09/9/2004
07:34
I didn't notice the other announcement sneaked out yesterday about the insurers coughing up. That's cleaned the company up, making it a tastier morsel.
pippin
09/9/2004
07:17
Thanks for that, spooky. I take your point. Are you suggesting that the potential acquiror is picking up a chunk of the stock now, to demonstrate they are serious and also to get the shares more cheaply than if they pay the full bid price?

Unlucky farsight. If you didn't work for a living, you might be better off!

pippin
08/9/2004
16:58
I wish I didn't work for a living and could be around to spot this sort of thing. Sigh.
farsight
08/9/2004
13:41
No,the market is willing to buy a large line of stock at this new higher price,they have a buyer.This usually indicates to me that the bid is real and will be followed up.Not foolproof but a good indication.
spooky
08/9/2004
13:23
I think that the fact that Comino have engaged an advisor is a sign that talks are fairly well-advanced. (Is that what you meant by looking for size?)
pippin
08/9/2004
09:34
Agreed, spooky, about the price. I wouldn't rule out a contested bid, either. Comino is the last company of its type not to be taken out yet.
pippin
08/9/2004
08:46
This would appear to be a fairly serious approach,they are looking for "size" on the bid and that is normally a good indication.

Time to guess a take out price,i would suggest £2.40 as a starting point,roughly 10 times revenues plus the cash,14/15 times next years expected numbers.Sounds as though that should keep both sides happy.

:-)

spooky
08/9/2004
07:59
Now we're getting the sales - presumably some of them from people who bought yesterday.

I'm staying in to see what transpires.

pippin
08/9/2004
07:33
Gosh! Weren't those people who bought in yesterday lucky! Hardly any deals for weeks and then just before the announcement people started buying. What a coincidence! I hope they've got their stories straight before the rather nasty little phone call which is likely to come shortly.
pippin
08/9/2004
07:23
its in bid talks
erbullion
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older

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