Conygar Investment Share Discussion Threads

[deanowls] 30/9/2013 13:42

Any copy of the tip mate?

[40t] 30/9/2013 13:04

Just tipped by Simon Thompson of IC

[deanowls] 20/9/2013 15:27

Good purchase and bodes well going forward.

[grahamburn] 20/9/2013 15:08

Well, now he's dug a little deeper into his pockets: a considerably larger purchase compared to his last two!

20 September 2013
THE CONYGAR INVESTMENT COMPANY PLC
DIRECTOR DEALING
The Conygar Investment Company PLC (the "Company") advises that it received notification on 19 September 2013 that on that date Preston Rabl, Executive Director, bought 250,000 ordinary 5 pence shares in the Company ("shares") at a price of 128.5 pence per share. Following this transfer, Mr Rabl's notifiable holding in the Company will be 1,145,480 shares representing 1.29% of the Company's total voting rights.

[deanowls] 16/9/2013 17:10

I'll take odd if it continues upwards!

[grahamburn] 16/9/2013 16:36

And today he spends another £4300 odd to buy a few more. Considering he already owned well over 800,000 today's purchase and last week's purchase do seem slightly odd.

[greg the grinch] 10/9/2013 11:51

Maybe he wanted exactly 1% of the co?

[skyship] 09/9/2013 15:16

Bizarre purchase by Preston Rabl - hardly seems worthwhile! Perhaps they've got the figure wrong! EDIT: No, it appears in the trades, so it is correct. I suppose he gave a limit and 874 was all they could get as others improved their bids against him...

DIRECTOR DEALING

The Conygar Investment Company PLC (the "Company") advises that it received notification on 9 September 2013 that on 6 September 2013 Preston Rabl, Executive Director, bought 874 ordinary 5 pence shares in the Company ("shares") at a price of 126 pence per share. Following this transfer, Mr Rabl's notifiable holding in the Company will be 892,064 shares representing 1.00% of the Company's total voting rights.

[greg the grinch] 06/9/2013 15:24

Dipped in for a few more.

"just sittin and waitin"

[greg the grinch] 06/9/2013 15:14

I think monday will be the start of a good week :o)
bid is creeping up as few sellers.

[skyship] 04/9/2013 16:45

DIRECTOR DEALING

The Conygar Investment Company PLC (the "Company") advises that it received notification on 4 September 2013 that on that date Robert Ware, Chief Executive, bought 50,000 ordinary 5 pence shares in the Company ("shares") at a price of 129 pence per share. Following this transfer, Mr Ware's notifiable holding in the Company will be 3,550,000 shares representing 4.00% of the Company's total voting rights.

[greg the grinch] 04/9/2013 11:07

Thanks SS ... and many thanks for your informative posts.

:o)

The price seems to be not moving but we just have that seller at 128p who knows that is a price they can sell at, there were no desperate sellers over the last few days as I had no limit orders filled that were put on the market, so get that seller out of the way and we will see the rise.

The bid will start to move imho.....regardless I will hold for a year or two.

[skyship] 04/9/2013 07:22

greg - many thanks for your informative posts. Approval is great news.

Personally I would far prefer them to sell on rather than getting involved in the complexities of construction and project management.

Whatever, there should be a nice accretion in the NAV on next valuation.

[greg the grinch] 03/9/2013 19:04

Outline planning permission was granted for haverford west - :o)

How much on nav for that?

I hope they develop it all themselves and employ a building co and dont sell it on to a building co.

[stupidboypike] 03/9/2013 14:54

SKY, as ever many thanks. I did have APT on my watch list but forgot to include it. I take your point about IERE, I'm wary of the risk mainly because of gearing with that and had pencilled in a third of the allocation of the others. Best regards SBP

[skyship] 03/9/2013 13:49

Don't forget APT.

In my opinion IERE is a small allocation punt - clearly not in the same category as the others you list.

[stupidboypike] 03/9/2013 12:12

Thanks Sky, I have funds arriving and am trying to sort out allocations. I have DSC, LSR, ACD, NRI, IERE, RECP all very much on my list, trying to work out if I have space for CIC. If anyone thinks I have missed any other obvious value, please post.

Best regards SBP

[skyship] 03/9/2013 11:31

SBP - I still have half of my original holding. I reckon CIC are still good value, whereas DSC & LSR are cheap. If only buying one of those two, then frankly I would find it difficult to favour one over the other at today's 191.5p & 25.5p respectively.

[stupidboypike] 03/9/2013 11:00

SKYSHIP, Do you still see value here? I'm struggling to find a reason to buy against the likes of DSC and LSR.

Best regards SBP

[skyship] 03/9/2013 10:44

Too important a decision to be left in the hands of small town local politicians!

[greg the grinch] 03/9/2013 10:31

I have held for a while and have recently increased my holding.... not the cheapest but I feel a safe 40-60% rise plus div over the next year or so.

[greg the grinch] 03/9/2013 10:29

The push to get up to peer value discount to nav?

[mtioc] 01/9/2013 20:41

I am sure that's right, but historical cost may not be a particularly accurate reflection of the current value of the project. As I recall, the management expect the projects to be worth significantly more in the medium term, which justifies using historical cost. I just wondered if anyone had any further insight.

[sleepy] 01/9/2013 19:34

It is, I believe,an accounting requirement that work in progress for property companies be valued at the lower of cost or net realisable value