Conygar Investment Share Discussion Threads

[jaws6] 12/6/2014 08:08

what this trade at 182 ?
CIC some one paid 182 when price is 175 !!

[sleepy] 12/5/2014 11:20

I think last results (year to Sep 13) showed NAV of 175p per share though this may have increased since with rise in secondary/tertiary property market. 55% extra on development properties would add about 20p but presumably there will be more from developments in years to come

[greg the grinch] 12/5/2014 10:48

The link only worked for me when I removed the trailing bracket ie

[greg the grinch] 12/5/2014 10:47

I'm not selling for a couple of years. I always suspected that things were on the books at a low value but this confirms that the true NAV is considerably higher.
Sit and wait and all these projects will come to fruition at a much higher share price

from the above link I draw attention to this bit :o)

"Conygar holds its Welsh assets in its books at a very low value, so analysts at stock broker Liberum believe they could be worth 55 per cent more than their current value as the sites start to be developed. This should have a big impact on the share price.

Midas verdict: Conygar's shares has been held back as the company has wrestled with planning authorities and a subdued property market. Now it is on the cusp of change. Buy now and reap the rewards over the next three to five years."

[spectoacc] 12/5/2014 08:37

Nice rise on the tip! Anyone got the text of it? [Edit - link here, nothing we didn't know of course -

Let go 10k, think might be first ever sell of CIC, in from UKM days. But might be talking rubbish. Happy to be in some as always said it'll eventually go to premium to NAV (or rather, premium to declared NAV). But can't resist a rise on a tip.

[gardener1] 11/5/2014 12:35

Tipped in the Mail on Sunday

[greg the grinch] 08/5/2014 12:17

may the rise to above nav commence :o)

[ursus] 17/2/2014 14:43

thank you.

[kramch] 17/2/2014 14:40

I attended the AGM with David and a few other PI's.
I have done a full write up for Sharesoc (which I would encourage you to join if you care about Private Investors rights and are interested in Sharesoc's initiatives and events).
But a summary; CIC are seeing early signs of improvements in their secondary market, they have sold some sites to existing tenants, and the portfolio returns a good yield despite relatively high voids.
Their Welsh development sites would appear to represent a source of good future capital growth for several years to come. One of my core holdings.
All in my own opinion. K.

[ursus] 17/2/2014 13:24

I think yr report is only avail for members of sharesoc, Mr Dosh

[davidosh] 12/2/2014 22:39

I certainly was....my fourth one on the trot. There should be a full write up on the ShareSoc website. There are hundreds on there in the Agm library.

[davidosh] 12/2/2014 22:39

I certainly was....my fourth one on the trot. There should be a full write up on the ShareSoc website. There are hundreds on there in the Agm library.

[ursus] 12/2/2014 12:27

Well Mr Dosh - were you at the agm? If so, any wisdom to impart?

[spectoacc] 11/2/2014 15:48

I guess depends on point in cycle, but fair enough - though I fully expect CIC to trade at a premium before too long.

[skyship] 11/2/2014 15:42

Specto - it is the developers which historically trade at greater discounts due to perceived greater risk.

[spectoacc] 11/2/2014 11:18

Can't go bust taking a profit, but - IMO one day CIC will trade at a decent premium to NAV. Market will eventually realise they're more developer than investor.

[garbetklb] 11/2/2014 10:11

Up 94% in 14 months and now overweight, are the glory days are past and are there better opportunities? So, 3 options :
- continue holding
- sell
- downsize
Took the downsizing option - bit of a cop out, I know! Sold 50%.

Used half of proceeds to buy some Hargreaves Services. Probably hold balance as cash.

Garbetklb

PS Didn't attend AGM

[davidosh] 10/2/2014 14:34

I am assuming none of you attended the Agm on Thursday afternoon last week ?

[skyship] 10/2/2014 14:20

Greg - in the propco space - just LSR now. Could be an IMS at LSR any day now; 8th Feb last year.

Still holding a few of my Private Equity plays (NRI, MTH & PEY); and the high yielders RECP & BBYB. Also my largest holding - ACD - a liquidating hedge fund which should pay out another 12% over the next and final 12months. It's my core banker holding. Have bought into SBRY - a propco with a useful retailing arm; & also a bank which could develop into something useful!

[greg the grinch] 10/2/2014 13:49

What shares did you keep SS?

I'm keeping CIC as its a safe share I do not have to monitor, it will slowly rise to £3 at some point IMHO.

[dashton42] 10/2/2014 13:30

Simon Thompson, Investors Chronicle, reiterates his Buy advice today, for those with access:

[skyship] 30/1/2014 10:29

A false assessment as that fall to 152.75p didn't actually happen.

I'm now out for the timebeing. Sold last week as wanted to go 33% liquid. No doubt still good value here; but the discount now not so attractive.

[ialwayswinatmonopoly] 30/1/2014 09:43

Lifted from investtech.com

CONYGAR INVESTMENT CO(THE) (CIC) - Price: 152.75, 29 Jan 2014
CONYGAR INVESTMENT CO(THE) has fallen back towards the floor of the rising trend channel. A continued rise may be expected and the current price level may be a good entry price. Has, however, broken a support level in the short term and given a negative signal for the short term trading range. The stock is testing the support at pence 151. This should give a positive reaction, but a downward breakthrough of pence 151 means a negative signal. The stock is overall assessed as technically positive for the medium long term.

[jaws6] 07/1/2014 08:54

PREF will start trading soon