Cookson Share Discussion Threads

[dav1dc2] 09/10/2011 16:37

Any interest in a possible Melrose bid?

[qs9] 08/10/2011 20:16

Think the spike intra day yesterday shows the kind of support it could get with a decent RNS this will be much much higher iMO...

[robertfaulkner] 07/10/2011 19:47

Not a bad week for Cksn, up 38 p on the week to close 461p but when you think the week low was 385p it finished on a good high.

Much more next week please.

[bobsidian] 04/10/2011 10:48

You have to admire the front of long only fund managers.

Almost to a person they seem to state that at these stockmarket levels they are only adding to their positions. If fund redemptions are taking place then they appear to be suggesting that it is the investor rather than the fund manager who is the seller.

And then you hear from fund managers who suggest they are building up significant cash positions in the wake of the stockmarket sell offs. Really ? Just how much cash are fund managers permitted to hold when they are committed to being fully invested ?

"...Lies, damned lies and statistics..."

[kazz] 03/10/2011 15:20

I was hoping Gingerplants post 1445 would have helped the share price a bit more than this. As you say Robert, maybe it is down to China :(

I will still add at these levels though.

Regards....Kazz

[robertfaulkner] 29/9/2011 22:34

As Cksn seems to go up when China is doing well and goes down(SP) when bad news from China, like inflation being high, China making banks hold more cash to slow the economy etc etc.

Will rocket launch and China building a space station show China is on a real ascendancy and plenty more business for Cksn in the future and lets hope China makes a bid

[bobsidian] 27/9/2011 19:01

What a wild and scary stockmarket this is becoming. The intraday swings alone on the major indices are quite amazing. Interesting to see at what point CKSN finds a base from which to stage a substantial counter-trend rally.

[robertfaulkner] 24/9/2011 08:45

Link about London Metal Exchange

[robertfaulkner] 24/9/2011 08:43

London Metal Exchange receives multiply bids. It is owned by it's members, I can't find Cooksons on the membership list.

Does anyone know any more?

If Cooksons is an part owner of LME would it effect the SP?

[andyrobo69] 23/9/2011 13:24

I bought a load of these at 4.75 and thought I had a bargain!! I have no idea where the bottom is.
It feels like the end of the world is nigh...

[precinct14] 22/9/2011 13:00

Normal service resumed.

[robertfaulkner] 21/9/2011 16:34

Yes closed up 20 points, + 4.5% against a very bad Ftse day, more like that please

[andyrobo69] 21/9/2011 15:35

First time in months I've seen Cookson not follow the trend of Footsie 250.
Maybe it has finally turned.

[kazz] 21/9/2011 13:14

He had Thomas Cook on there aswell, and that has been picking up also.

Regards.....kazz

[dizzylizzy2] 21/9/2011 12:38

It's perky today so maybe the 'fool' trading strategy is kicking in? Or probably value investors are out in force or could there be rumours of a bid?
we'll see

[kazz] 16/9/2011 07:43

Cheers for that Gingerplant.

Looks good to me :)

Regards....Kazz

[gingerplant] 14/9/2011 13:07

Cookson

At 427p, Cookson, a materials science company is priced at just 5.6 times next year's expected earnings. The shares peaked at 727p just four months ago.

Since then, Cookson reported a strong first half and said it said it anticipates a marginally stronger second half performance. The company had net debt of £429m (the current market capitalisation is £1,180m).

The NTAV of 75p per share isn't particularly impressive. But the NAV figure (including intangibles) of 493p per share is impressive to me, given the nature of the company's business.

The anticipated yield is an impressive 5.7% which is well covered by earnings and cash-flow. But Cookson is, of course, sensitive to economic confidence, hence the pessimism in the valuation. The shares were below 120p in the early part of 2009.

This looks more like an opportunity than a threat to me and I will be buying Cookson shares as soon as the Fool's trading rules allow me to.

[qs9] 13/9/2011 23:01

Looks IMO way oversold. Next newsflow not for a month or so, but hopefully as we approach next expected statement this will start heading back to where it belongs. Good medium targets set, making lots of EBITDA/Cash and end markets still from what I have read reasonably good IMO. Let's see.

[robertfaulkner] 10/9/2011 17:02

But down over 6% in one day and getting on for 50% drop from peak in just May, 4 months ago???????????

[qs9] 09/9/2011 20:53

Looks barmy IMO. Unless a profit warning is in the offing, but latest RNSs have not given implied softening, their medium term targets have only just been released, debt is coming down and profits up....maybe a large seller is getting out? Who knows.

[steeplejack] 08/9/2011 12:44

Entering a bear market?....i think when cash has beaten the S&P over the last ten years(that's even ignoring costs of dealing)and gold has beaten both by a large margin,it could be argued we are in a bear market sporting sporadic bull phases.

I think the desire to hold a higher proportion of liquidity is due to the higher level of volatility which is due in no small part to the meteoric rise of high frequency trading.Whether one trades or not,the mind boggling ups and downs of the market have shifted the risk premium to a level where having at least 20% in cash seems prudent even for an active investor.

The Chinese property market might soften,especially the commercial market,but the residential property market in China is not prima facie like the market that over-heated in Europe and the USA.Even a cursory glance reveals that residential buyers must put up some 25% of equity and if buying a second home some 40% of the equity.Thus the ruinous state of affairs witnessed in the USA shouldn't be mirrored in China or not anywhere near to the same extent.The Chinese authorities behave with a relative prudency that typified UK Building Societies in the UK during the 60s and 70s.That might change down the road of course,just as it did here.