||EPS - Basic
||Market Cap (m)
Real-Time news about Conder Env. (London Stock Exchange): 0 recent articles
|cockneyrebel: Someone is buying, price ticking up.
The last part of the statement doesn't sound like the disater that the share price is factoring in imo.
|torabora: Hydro, is on a pe of 17, if, in the next 18 months, Conder makes 1M pounds , a share price of 30p would look cheap.|
|manrobert: yes you may be right.suppose the main plus is the company is moving in the right direction profitwise which should be reflected in the share price in time.question is.how much time.|
|manrobert: a strange share price fall for the day considering 155000 shares bt.|
|garth: torabora - 18 Jul'07 - 15:08 - 18 of 20
What i like is the fact that they know they can pull back most of the first half loss by year end, and the fact they new this in Jan 07. What if they come out with a very small profit? If they do that, we are looking at 30p per share.!!!!!.
If you compare your post with the actual statement from the interims that the company made you will notice that their "should have recovered" has become your "they know they can pull back" and their "
a significant proportion" has become your "most of".
"The Group should have recovered a significant proportion of the first half loss by the year-end and be cash generative in the second half. The Board expects that the Group will be both profitable and cash generative in 2007/08."
The guidance from the company appears to be that they hope that a profitable second half will lead to a reduced loss for the year, with a cash-generative second half (ie cash outflow overall?). They expect that to be sustainable into next year so as to deliver a profitable year next year.
I hold some of these. It is in my interests for them to go up. There is, IMO, the potential for a 20p share price if they delivered on potential that has been evident for a few years. But that is still a big if. They have looked a good potential bet before - and failed to deliver. Directors have bought before. Management has changed before. Anyone tell me for 5 points what the MD's previous job was?
You are right that there is potential here. They still have it all to prove. The only people who stand to gain by over-spinning it is those looking to make a fast buck.
|frizzers: Here's what he said:
Conder Environmental is somewhat off the beaten track. No brokerscover the stock and last week, not one newspaper picked up on its half-year results. But a lack of exposure can be great news for investors, as it sometimes allows us to unearth hidden gems such as Conder. On first impression, the group seems dull: it is one of the UK's leading makers of groundwater storage vessels, such as septic tanks, oil/water separators and sewage systems. This market is stable and growing, driven by environmental and regulatory requirements. But more appealing for longer-term investors is the fact that Conder also makes large-scale rainwater harvesting systems, which collect water from roofs, filter out debris, and store the fluid in underground tanks. So why is this interesting? Well, the UK practice of using mains water for all our needs is a waste, environmentally and financially. Mains water is expensively purified for drinking. Using filtered rainwater instead for toilets, white goods, and the garden can cut domestic consumption in half. Even bigger cuts can be achieved in commercial buildings, which have bigger roofs to catch the rain. With 30% of homes now on meters, and more stringent laws on saving water, I believe Conder's harvesting systems will attract more attention. In 2006, larger rival Straight sold over 200% more water-butts than in 2005, driven by hot weather and hosepipe bans in southern England.
Last week's interims weren't great, but green shoots are appearing. The group saw a pre-tax loss of £760,000, and sold its Vikoma International unit for £2.3m. This cash should "significantly mitigate the working capital pressure" Conder has been under since its Hydroserve unit went into administration last June following accounting irregularities. With Vikoma sold, Conder is the group's sole brand. It continues to cut central costs and should recover "a significant proportion of the first half loss by the year-end and be cash generative in the second half". The board expects the group to be "both profitable and cash generative in 2007/ 2008". Assuming a successful turnaround, and an underlying operating profit margin of 5% or more, the shares could double in value over the next two years. With almost zero net debt, the recent success of its new separator range, and annual sales of £13m plus, Conder's market capitalisation of £3.7m seems cheap. So what should we watch out for? Well, any small group executing a turnaround strategy is going to be a high-risk trade. But these concerns are more than reflected in the depressed share price, and I recommend buying the stock as part of a diversified portfolio. Looking ahead, there must be opportunities for export, particularly to areas such as Australia and California, where droughts are more common. One word of caution: if you decide to buy Conder, then the bid-offer spread is about 5%-10% and liquidity is low so you may wish to drip-feed any purchases into the market to avoid chasing the price higher. Recommendation: SPECULATIVEBUY at 6.5p (market cap £3.7m) Gamble of the week:|
|maxbubble: maxbubble - 26 Oct'06 - 16:46 - 1709 of 1735 edit
"That would involve a move up to AIM. Concorde looked into starting out as a shell on AIM, but found no nominated adviser would take it on under the new AIM rules. Says Hughes, 'if we get the first acquisition right, the share price should be between 50p and £1 within five years."|
|hard work: I agree - I think they'll need another acquisition to keep momentum in the share price - it doesn't take much for the share price to move and those who don't want to wait a max. of 6 weeks will move on, depressing the share price, meaning a higher level of dilution when it does eventually move to AIM.|
|hard work: Interesting day indeed. Not quite the share price reaction I was expecting. Probably a good thing that the hot air is being driven out of the share price.
When funds were raised for the due diligence, two further opportunities were mentioned - there has been no update on these - dead ducks, or something going on in the background?
However, I feel much more comfortable with the share price today than I was yesterday. The uncertainty's been removed and the management team's credibility is still very much intact.|
|drewz: One should perhaps proceed with some caution here, and firstly bear in mind that there are no guarantees of this deal being consummated.
A time extension of 3 1/2 weeks to tie up the legal work sounds very positive, but Pechora Energy could still back out, conceivably, for whatever reason, through no fault of CDE.
At the moment potential investors are being invited to buy into a company valued at £27m with just £200,000 in the bank and no licences.
If Pechora agree to do the deal, CDE have to raise the money, yet we don't know how much, nor what reserves or production potential is in the Luzskoye field, since CDE have given no numbers at all.
If it is a good asset, and CDE can get it cheaply, say raising £12m by issuing another 80m shares, plus say another 20m shares to sweeten the cash consideration, then the dilution will be manageable and the price will hold up.
But if the asset isn't that hot, or they are deemed to have overpaid; if they have to issue too much new paper, or if Pechora pull out of the deal, then the share price could collapse, maybe by 50%.
What I am saying is that anyone in from last year at 2p, or even this year up to 7p is sitting ok here. But anyone buying in at 15p now is taking a much greater leap of faith.
It may be more prudent to wait until 25 March and see how much money needs to be raised, how much dilution will result, how large are the reserves and production potential being acquired from Pechora.
In other words to buy with knowledge, rather than blindly on trust that it will all turn out fine. All imho.|
Conder Environmental share price data is direct from the London Stock Exchange