Commoditrade Share Discussion Threads

[kooba] 05/5/2010 08:21

there has been a large institutional holder that has been trying to exit for ages that has been dragging the price down...reason for wanting out who knows but this company did have a market cap of over £150m a few years back and now is sub £10m which is off the radar of most funds...so maybe had to exit.
anyway overhang cleared by house broker,year end results look like a kitchen sink job the question now is after what appears a brighter first quarter already in the bag is the company and in particular the metals team back to winning ways with some quarter on quarter profits and strong cashflows starting to flow.this would more than support the current market cap and then there is the new fund management platform emerging that will hopefully contribute both earnings and value as it is built up across a range of commodities...it seems we are at an inflection point for phipps and his strategy.

[mbaxter] 05/5/2010 07:54

Truffle - Liberum are their brokers

[truffle] 05/5/2010 07:19

Sorry, I'm lost on that comment.
Who are Liberum, and what is the relevance of the comment?
Thanks.

[chrisdgb] 04/5/2010 15:27

Liberum have traded 25m shares today....

[chrisdgb] 30/4/2010 15:05

I agree we need to see some returns here, decent volume going through today..

[truffle] 30/4/2010 09:16

Yes, that would be a good sign.
Also, Phipps's options kick in from 5p upwards, so the price is not that far away - near enough to give every incentive to get the company fully back on track.

The company also needs some good PR too.

[chrisdgb] 30/4/2010 08:39

Agree with that, would be nice to see some decent director purchases to send a message..

[truffle] 30/4/2010 08:04

Some initial comments.

It does seem that at long last the management are trying to get the company back on to a proper trading basis, aiming at a clearly understood business going forward, that will also be profitable.
Accounting in US dollars may be useful over the next few years in you are a UK based investor, as the US$/Sterling exchange rate may work in your favour.
Assuming the change of name is approved, it should help too with a fresh start.

[chrisdgb] 30/4/2010 07:57

well I am looking forward and this should be massively operationally geared to the upside, the market knew about last year..

[sheeneqa] 30/4/2010 07:32

A pig in a poke and a trough for the porkers.........

long bargepole and do not touch are the words that spring to mind......

nag, dyor ect

[mbaxter] 30/4/2010 07:26

Interesting results. Difficult one to call market reaction. Seem to be indicating a much improved performance in the post results period.

[sheeneqa] 22/4/2010 09:59

Yes, bunch orf greedy porkers have sucked this company dry........

[chrisdgb] 21/4/2010 09:53

there really is no interest here....Have I got it wrong..??

[truffle] 12/4/2010 12:26

When are the results due?

[chrisdgb] 07/4/2010 08:12

Should be an interesting set of results and hopefully provide a catalyst..

[amelio] 26/3/2010 15:10

That 6 month chart looks like the slide at our local park...not that I go there often. Honest.

[chrisdgb] 26/3/2010 10:32

Results in April, not sure when, hopefully get some decent price action, volumes have certainly been picking up...

[m w] 23/3/2010 11:32

There due now

[truffle] 23/3/2010 07:21

When are the results due then?

[chrisdgb] 22/3/2010 12:11

volumes seem to be quietly building ahead of the results...also notice the Integrated Aset Management deal as well....

[m w] 16/3/2010 11:35

Well done hope this is the bottom lots on here with big losses

[chrisdgb] 16/3/2010 11:23

Braved a maiden purchase here today, it looks interesting..

[kooba] 10/3/2010 19:39

bit more info on fund management side

Commoditrade to Open Asset Management Unit to Outside Investors
February 23, 2010, 2:40 AM EST

Feb. 23 (Bloomberg) -- Commoditrade Inc., a London-listed investment firm, rebranded its wholly owned asset-management unit as Mentum LLP and will open to outside investors as of March 1.

Mentum was previously known as AMCO Commodities LLP and was bought by Grand Cayman-based Commoditrade a year ago. Mentum starts with internal funds of $20 million, handled by five portfolio managers, Keiron Mathias, one of them, said in an interview in London yesterday.

Unlike hedge-fund firm AMCO, Mentum will look after money in so-called managed accounts. Three of the managers trade the six primary metals listed on the London Metal Exchange and two handle energy derivatives on ICE Futures Europe and the New York Mercantile Exchange. The managers include Chris Adams, a former head of the industrial-metals floor trading team at Sucden Financial Ltd.

The AMCO fund returned 21 percent from its May 2006 inception through February 2009, when it was acquired by Commoditrade, Mathias said. Assets under management at the time of the purchase were $100 million, he added.

Bluecrest Capital Management Ltd. holds 27 percent in Commoditrade, whose share price has declined 35 percent in the past 12 months, taking market capitalization to 10.8 million pounds ($16.7 million).




--Editors: John Deane, Stuart Wallace.