Concateno Share Discussion Threads

[the prophet] 15/1/2007 09:21

-and again, decent re-rating underway.

[the prophet] 12/1/2007 09:48

-jonwig, thanks for that info, will check out the other co's, as I know little about this sector beyond Altrix.
-does seem there is v.good growth available here, though.

-COT going nicely again this morning.

[jonwig] 11/1/2007 16:45

TP - I wouldn't have noticed these had it not been for my holding a few Inspicio [INP] where Keith Tozzi is also on the board.

INP have big ambitions in the testing/inspection area and are now consolidating after a series of acquisitions. It's not beyond belief that INP could buy COT, and notice that the whole sector, led by Intertek [ITRK] is pretty highly-rated.

[the prophet] 11/1/2007 16:27

hi jonwig

-only got a few myself, but better than a poke in the eye with a sharp stick if they do ok!!

[the prophet] 11/1/2007 16:18

-going nicely here, I currently own Altrix, which COT has bought, as confimed today.
-think they have got Altrix for a good price, so got a few COT with the pennies they are giving me!

[shuisky] 11/1/2007 09:25

Anyone have any analyst forecasts or company guidance for COT?

[randsys] 03/1/2007 09:58

sorry wrong post!

[jonwig] 01/1/2007 17:03

Thanks, Stegrego.

The £9.5m is stated in a number of places, the fact that it's 9.5m shares is harder to find! It's here, section 6:

[masurenguy] 01/1/2007 16:58

Cheers Stegrego.

[stegrego] 01/1/2007 16:16

Concateno will raise, conditional upon Admission, approximately #9.5 million
(before expenses) by the issue of 9,500,000 Placing Shares to institutional and
other investors at the Placing Price.


So i make that 1 quid per share

[masurenguy] 01/1/2007 14:22

jonwig - do you know how many new shares were placed, and at what price, to fund the proposed acquisition of Altrix

"On 20th December, and in line with the Company's strategy, the boards of
Concateno and Altrix announced that they had reached agreement on the terms of
recommended cash offers for the entire issued and to be issued share capital of
Altrix at 80.6 pence in cash for each Altrix Share, valuing the issued and to be issued ordinary share capital of Altrix at £11 million. To fund the
acquisition, Concateno has raised approximately £9.5 million by way of an
oversubscribed underwritten placing of new Concateno shares with institutional
and other investors."

[jonwig] 30/12/2006 12:38

The Telegraph's surver for 2007 includes:

Justin Urquhart-Stewart
Seven Investment Management

Top share Concateno. Listed on the Alternative Investment Market (Aim), this is one of the leading companies in drug and alcohol testing. This is becoming increasingly important in transport, where such controls are crucial, and has also become far more relevant in the area of sports.

[jonwig] 22/12/2006 10:06

Interim results today - more acquisitions planned.

Looks promising, but share price is well up with events.

[robsy2] 13/11/2006 10:50

Hello again.
Looks interesting!I'll have a closer look later.
R

[honiton] 12/11/2006 10:43

umm... worth alook.

i would have throught INP would look to t/over in future.

[jonwig] 06/11/2006 10:59

On completion of acquisition, RNS today includes:

'We are delighted to have acquired such a strong business with such a good
management team. The acquisition of Medscreen is the first step in our strategy to consolidate the highly fragmented and fast developing drugs testing market.'

[jonwig] 02/11/2006 08:34

Shares Mag today:

Cash shell Concateno (COT:AIM) has burst
into life after acquiring drugs and alcohol
testing business Medscreen.
Medscreen, which carries out tests for
shipping companies, is already profitable
and last year made £1.1 million on sales of
£6.8 million. The drugs and alcohol testing
market is potentially huge and highly
lucrative.
According to analysts at independent
broker Bridgewell, life sciences testing –
which also includes testing pharmaceutical
products – is worth a minimum of
£500 million a year, growing at 30%pa and
offers operating margins of 25%.
Concateno has already attracted
investment from testing business
Inspicio (INP:AIM). Inspicio is subscribing
to £1.1 million worth of Concateno shares
as part of a placing to fund the purchase of
Medscreen.
Concateno collects urine samples from
shipping operators across the world.
Maritime clients, which include BP Shipping,
account for around half of sales. There
is potential for cross-selling with Inspicio,
an oil tester that also has BP as a client.
Both Concateno and Inspicio are chaired
by Keith Tozzi and following the
Medscreen acquisition Inspicio will have a
5% holding in the company. The £30
million acquisition, which was due to be
approved by shareholders at an EGM
yesterday (1 November), will largely be
funded by an £18.7 million placing.
Together with exposure to the marine
sector, Medscreen has a large share of the
prisons drug-testing market and HM
Prisons, accounting for 18% of sales last
year, is the company's largest single
customer.
Medscreen took on the HM Prisons
contract in 1998 and it was extended for
another four years last month following a
re-tendering.
■ Shares says: Medscreen is a proven
business and offers exciting growth
prospects.

[jonwig] 27/10/2006 11:41

Concateno buys Medscreen (drugs testing) this morning.
Links with Inspicio [INP] where I have a holding - and INP have taken up placing shares.
Hence thread for info and watching progress.

Future merger with INP not a barmy idea!

[jonwig] 27/10/2006 11:39

http://www.medscreen.com/ ...



Cash shell floated 7 April 2005, intention to acquire water companies in SE England. It didn't happen.
Initial capital, 5.0m shares.
27 Oct 2006. Placing of 22.0m shares @85p.

Acquisition of Medscreen, a global provider of drug and alcohol testing services for £30m (cash from placing, consideration shares, new debt facilities).



Inspicio [INP] have taken up shares in the placing, giving them a 5% holding.
Given that the CEO of COT, Keith Tozzi, is also a senior director of INP, and INP have strong ambitions to grow through acquisition, an outright bid in the future is quite possible.


No of shares in issue post-acquisition: 27,941,178

[energyi] 16/12/2005 17:17

XLE falling away here... on Option expiry day

XLE : $ 51.60 -0.74 -1.43%
OIH : $132.06 -1.39 -1.05%
Ratio R-2.559

A/ 12.Dec (Jan.A)
Symb. Option------- Qty: Controls: DlrCost :Price- :Br.even SpotLiv
OIHMG OIH.jan.$135p x10: $135.0K-: $ 5,300 :-$5.30 :$129.70 $134.60
XBTAY XLE.jan.$ 51c x25: $127.5K+: $ 6,125 :+$2.45 :$ 53.45 $ 52.21
Ratio Av.2.35 -2.60 x35: R-1.0588: $11,425 :...... :R-2.427 R:2.559
B/ 16.Dec (Jan.B)
OIHMF OIH.jan.$130p x10: $130.0K-: $ 3,200 :-$3.20 :$127.80 $132.06
XBTAX XLE.jan.$ 50c x25: $125.0K+: $ 6,375 :+$2.55 :$ 52.55 $ 51.60
Ratio Av.2.35 -2.60 x35: R-1.0400: $ 9,575 :...... :R-2.432 R:2.559

Val .. -OIH- -XLE- -O/X- OIHXE OIHXF XBTLV XBTLW Pack.A Pack.B
22.nov 126.1 50.70 2.486 $3.20 $5.80 $3.20 $2.50 $11.20 $11.43
12Idec 133.4 52.12 2.559 $0.15 $0.65 $4.10 $3.20 $10.26 $ 8.65
Val .. -OIH- -XLE- -O/X- OIHMG OIHMF XBTAY XBTAX Jan.A- Jan.B-
12Idec 133.6 52.21 2.559 $5.30 ..... $2.45 ..... $11.43 ......
16Idec 132.1 51.60 2.559 $5.90 $3.50 $2.00 $2.55 $10.90 $ 9.88

[energyi] 15/12/2005 09:23

BIG CHANGE IN COT REPORT = = = =

Commercials ("smart money") WERE LONG Stock Index Futures...

+ $7 Billion Net Long in late October (Net long is very unusual),
+ Increasing their shorts by a huge $6 Billion per week,
+ Now $27 Billion net short- very large: exceeded late 2004, early 2001.

SWIFT CHANGE, and the degree short is very worrying

=

Small option traders are buying almost three times as many calls as puts (worst since bubble days)

- says Jason Goepfert, in a Market Views interview

[energyi] 12/12/2005 16:40

= = =
+LONG++ -SHORT-: Comm'rl ++LONG+ -SHORT- RATIO Lg.Spec : DATE. =Price=: .OIH./.XOI. OI/X
(comm.): Futures -NetSht Combi'd w/Opts. CmS/L Net.LgF ..Tues. Lond.pm: .XNG.. XLE. XN/X
.WTIC.. ........ ....... ....... ....... ..... ....... ....... .......: ....../.... ....
540,179 497,197 + 42,982 836,160 877,021 1.049 -29,941 . 12.13 $ 62.31: 132.50/1021 2.53
540,058 496,329 + 43,729 833,927 873,905 1.048 -29,527 . 12.06 $ 59.94: 129.47/1019 2.50
541,974 476,674 + 65,300 848,212 869,766 1.025 -36,643 . 11.29 $ 56.60: 122.70/ 973 2.49
527,909 466,685 + 61,224 813,845 831,697 1.022 -43,064 . 11.22 $ 58.84: 126.70/1014 2.48
543,858 473,204 + 70,654 830,318 835,299 1.006 -56,167 . 11.15 $ 57.61: 115.60/ 962 2.42
530,501 465,085 + 65,416 881,835 887,888 1.001 -47,816 . 11.08 $ 59.71: 119.35/ 986 2.43
521,071 461,207 + 59,864 869,391 880,961 1.013 -42,040 . 11.01 $ 59.85: 119.00/ 989
NG HHUB
240,253 248,684 -- 8,431 389,445 385,367 0.989 -29,026 . 12.13 $ 14.94: 416.54/52.27 7.97
247,181 249,528 -- 2,347 384,095 377,680 0.983 -38,883 . 12.06 $ 13.38: 399.90/51.75 7.73
253,145 241,344 + 11,801 379,725 362,755 0.955 -44,535 . 11.29 $ 11.56: 381.69/49.36 7.73
261,003 250,844 + 10,159 401,493 386,769 0.963 -49,708 . 11.22 $ 12.03: 392.70/51.06 7.69
260,272 255,234 ++ 5,038 399,684 388,517 0.972 -43,820 . 11.15 $ 12.30: 370.43/47.80 7.74
248,678 249,158 -- 0,480 381,749 378,354 0.991 -40,786 . 11.08 $ 11.80: 376.75/49.05 7.68

NG SWAP ............... --Long- --Short- Ratio LSpcLgs . Date/ WTI/NGs: XOI XOI/NG R1/R2
782,135 1029756-247,621 782,135 1029,756 1.317 238,444 . 12.13 R- 4.17 1021 R-2.45 r1.70
756,870 1020507-2xx,xxx 756,870 1020,507 1.348 253,517 . 12.06 R- 4.48 1019 R-2.55 r1.76
736,918 1017931-2xx,xxx 736,918 1017,931 1.381 272,887 . 11.29 R- 4.90: 973 R-2.55 r1.92
796,476 1078722-282,246 796,476 1078,722 1.354 275,190 . 11.22 R- 4.89 1014 R-2.58 r1.90
769,676 1054751-285,075 769,676 1054,751 1.370 278,439 . 11.15 R- 4.68: 962 R-2.60 r1.80
755,287 1042322-287,035 755,287 1042,322 1.380 287,680 . 11.08 R- 5.06: 986 R-2.62 r1.93
731,247 997,742-266,495 731,247. 997,742 1.364 257,983 . 11.01 R- 4.86: 989 R-2.55 r1.91
770,755 1044424-273,669 ........ ....... ..... 264,044 . 10.25 R- 4.74: 970 R-2.49 r1.90
750,274 1018096-267,822 ........ ....... ..... 259,726 . 10.18 R- 4.39: 941 R-2.50 r1.76
710,948 989,597-278,649 ........ ....... ..... 270,829 . 10.11 R- 4.40 1005 R-2.52 r1.75
688,666 969,240-280,574 ........ ....... ..... 276,154 . 10.04 R- 4.52 1039 R-2.47 r1.83