Conygar Investment Share Discussion Threads

[crooked lawyer] 14/2/2016 18:28

Re the Marina and their current announcement. " the current application is invalid and is likely to remain so for some time" we will notify you as soon as it becomes valid"......somewhat premature announcement me thinks by Mr Ware...all leaping about for joy. And the barmy road scheme continues to cause chaos. With the stock markets taking a dip at the moment and the economy uncertain...I am seriously tempted to get out of them all...my Rentokil Shares are doing ok. The RBS I inherited..what a mess and BT keep going on.... What on earth is going to happen if we come out of the EU. Funding will dry up and I believe we will be in crisis. I have seen 5K off my stock holdings since January...not good news!

[shavian] 12/11/2015 16:04

CIC still busy snarling up HWest traffic with their barmy road scheme on the St Davids road, spending thousands on their arty-farty ideas for a roundabout. It seems that Birmingham City Council has its eyes on the housing development as a place to house its more undesirable elements, which is going down a bomb with the locals.Today's announcement of the mixed site acquisition at Cross Hands also seems a bit behind the curve, as there are already 2 supermarkets and two petrol stations on site.

[crooked lawyer] 05/11/2015 19:11

well I have stayed quiet for a while and watched...share price seems to be consistently dropping. Interesting they have bought the great white elephant of the old Shell Oil storage depot. Hopefully in anticipation of Wylfa being re vamped by Hitachi. At least the Welsh are going with Japan..lol...still nothing happening in S Wales...though I hear rumblings of discord between Stena and Conygar. Also that the truck stop isnt doing so well as the truckers dont want to pay to use it....we will see....anyone got any comments?

[crooked lawyer] 29/9/2015 12:40

I really dont know. Time will tell. It all depends what they actually manage to physically produce over the next few years. All well and good buying up office space to let out etc.. at the moment its all speculative..a land bank if you will but theres no point if you havent got anything in or on your land bank is it...ie reselling to the developer for income over expenditure...so we will see...

[jlo10] 28/9/2015 11:40

interesting good or interesting bad?

[crooked lawyer] 28/9/2015 10:59

LOL :-) well I hear all sorts of rumours at the moment..from 2 separate sources here and there..which I darent print here otherwise they may "have me" but the next 12 months are going to be interesting.

[skyship] 27/9/2015 10:47

I suspect Robert Ware not very good at "external process"!

[davidosh] 26/9/2015 16:24

Conygar Investment Company PLC ("Conygar" or the "Company"), the property investment and development group, announces the appointment of Ross McCaskill as Finance Director and Company Secretary with effect from 1 October 2015. Ross is taking over as Finance Director and Company Secretary from Peter Batchelor who will step down from the Board on 30 September 2015 to pursue his own interests.

Ross has been with Conygar for five years as financial controller reporting to Peter and the Board.


The appointment is an internal one so I suspect there was no external process.

[crooked lawyer] 25/9/2015 17:06

Hmmm 2. I am still here still looking this "interesting" little company...quite right and have you had a look to see just exactly who the new finance director is and the companies hes involved with? Both dummy dormant companies based at suprise suprise, the same address in good old Wigmore Street....what with the departure of the Prop Manager earlier and now Peter sets sail to do "his own" thing...what exactly is going on.??...see the share price isnt doing too brilliantly either...nothing happening in Conwy, nothing in Haverfordwest...nothing in Pembrokedock...???? nothing anywhere...comments on my rants welcome and will be taken in good humour. Lovely weather..Indian Summer...enjoy.

[spectoacc] 17/9/2015 07:40

Hmmm. In two separate RNS this morning:

The Conygar Investment Company PLC ("Conygar" or the "Company"), the property investment and development group, announces that it was notified on 16 September 2015 that Peter Batchelor, Executive Director, sold 300,000 ordinary 5p shares at a price of 171 pence per share. Following this transaction, Mr Batchelor's notifiable holding is 808,001 ordinary shares, representing 0.98% of the total voting rights.


Repurchase of own shares
Conygar announces that, in accordance with the terms of the general authority to make market purchases of its own shares granted to it by shareholders of the Company on 4 February 2015 the Company acquired for cash in the market 300,000 ordinary shares of 5 pence each in the capital of the Company ("Shares") on 16 September 2015 at a price of 171 pence per Share. The acquired shares will be held in treasury.

[crooked lawyer] 25/6/2015 17:00

Very informative.Thank you.

[skyship] 25/6/2015 14:33

"...your final comments don't seem to tie in with the share price chart over the last two and half years - or even the last five years."

Quite so. The time to buy, when many of us did, was back in 2012 when they were unloved, criticised and trading in the 80s/90s on a 40% NAV discount! They are best left for the time-being IMO.

PCTN & SREI were two others hitting those absurd discount levels back in 2012 - somehow that 40% level has always been good as the absurdity triggers action of one form or another.

The only UK propco now offering that value is LSR, which is in liquidation mode. The NAV discount is 33%; but 40% to the EPRA NAV. This link shows the write-up I did last week:

[crooked lawyer] 25/6/2015 13:50

Talking of stock price now that I am back from my squat in the sun. Whats your thoughts?

[crooked lawyer] 15/6/2015 14:39

just as a ps Hargeaves Lansdown handle my and my families moneies. I have always been more than satisfied with them and the return on the money/stocks in my HL portfolio. I gave them just over 300K in 2008 and the return has been far better than I ever could have wished for. Medium to High Risk shares etc. SME's go to banks for their set up and expansion money. Large PLC's use the LSE to raise capital via their sharholders and corporate loans from the City. I dont usually look at AIM listed companies. The criteria now is in many cases not will the business succeed but the FREE EU grants available. When I speak to people who have been in business for decades who are in their late 60's this point misses them by completely. I get, why would anyone want to do this here or that there...thats because much of the UK economy in the private sector is by and largely propped up by EU funding in one way or another. Only the SME's and the small Ltd companies have to put up their own dosh and risk their own capital. Everything else is by the way. Once u come to realise that its almost like a "revelation" and I am not religious. Take this for what it is an exchange of viewpoints. Best regards.

[grahamburn] 15/6/2015 12:15

Putting your detailed local knowledge to one side (fully accept that this needs to be recognised and taken on board by shareholders), your final comments don't seem to tie in with the share price chart over the last two and half years - or even the last five years.

[crooked lawyer] 13/6/2015 10:23

Good Morning Shavian, Thank u for making me laugh. Not at you.!!but at your comments...so true....as for Brawdy...yes the RAF pulled out years ago because of " sea mist " Ocean Haze Garage at St Davids isnt named the OH for no reason. Have a good weekend.

[shavian] 12/6/2015 23:25

Political leaders in Wales?? You mean the second rate parish councillors who sit in the Senedd? Keen to relocate Trident to Wales? they would probably suggest Merthyr as it's an unemployment blackspot. That's what brought the RAF to Brawdy in 1974, with the worst weather factor of any airfield in the UK. I know, I was there.

[crooked lawyer] 12/6/2015 11:09

I was told by a client it was going to be Falmouth.

[skyship] 12/6/2015 10:14

Hostage to fortune to move from Scotland to Wales. No, IMO they'll bite the bullet and relocate to Portsmouth or Falmouth - this latter being the 3rd deepest harbour in the World after Sydney & Rio.

[crooked lawyer] 11/6/2015 23:37

Ps, yes I hear that Brawdy has been delayed due to relocation costs. It will be interesting to see where, eventually, the Scots manage to get the Govt to relocated the Subs to. Maybe Milford wouldnt be such a bad idea (article recently in the Western Tele) but I dont think that would make many people very happy. We had to put up with several NPS in N Wales so it wouldn't personally bother me. Its been a busy day.

[crooked lawyer] 11/6/2015 22:48

Money, lol. I have and live in property in West Wales and N Wales in the Conwy, Deganwy area. I have a boat..so I get tied up in the "will it work" conversations locally in both areas. Conwy/Bangor/ Menai Straights and in Fishguard. Plus I work within the Business Consultancy/Legal business so its a topic of conversation along with other Property Dev companies involved in similar Market Sectors. Also I suppose I am somewhat sentimental about Wales, and being Welsh and I suppose. I think that when u get older you tend to become more philosophical about life and maybe you also look on Corporate Greed as something you are not prepared to tolerate as much as you did in your wild hungry youth. Also I have more time to study the markets and look at the ways in which the world these days certainly here in Wales lives off the pickings of the EU Grants sytem without which I believe Wales would sink. A valid reason why Scotland would not want the UK out of the EU. The viability of business ventures such as these used to be grounded on the criteria of feasibility and viability and a sound business plan. That is no longer the case, what drives business now is the availability of grant money from the WG or through the EU. The actual old criteria of whether or not " if you build it they will come"? or will it work? is there the demand etc?...is no longer the case. So many businesses these days live off the grant system. They could not function without it. SME's might get some pittance of the grant money but most start-ups still rely on the banks for finance. If it all goes wrong for them its their own personal loss. For these large companies like CIC its not their personal risk financially. Its the stock holders who take the risk and the smaller people down the line who are caught up in the hype and the promise of jobs and prosperity. Anyway, hope that answers your question. I am interested like many in the politics and the economics of the current UK and Global economy. London is slowly becoming a separate Economic City State. It flourishes while the rest of the UK stuggles. I think things are slowly getting better but it is slow.

[shavian] 05/6/2015 01:20

Very interesting points CL. My latest info is that Brawdy closure has been delayed until 2020, so the Hwest housing glut will reach its peak just as Conygar's estate comes on stream. Back there for the first time in two weeks tonight the St David's roundabout has doubled in size for some reason and is a complete singe track nightmare. What's your local connection BTW?