Cookson Share Discussion Threads

[zangdook] 01/11/2012 17:40

I hope they didn't pay anyone to come up with these numpty names. Vesuvius is ok, I suppose, but how are you supposed to pronounce Alent? alan-t? a-lent?

My only experience of demergers to increase shareholder value is AAAM -> AFF and AUE, which both fell off a cliff as soon as they were separate and have never recovered. Hm...

[robertfaulkner] 01/11/2012 08:59

I had a quick look at the costs of demerger, seems a lot of £35 mils for doing demerger and another for paying in pension fund.

Now only up 15.5p from 17p at 8am.

Lets see what 9am and then any reports in the FT tomorrow says.

700p not looking so easy now

I suppose we are nearly back to before early Oct financial statement

[kazz] 01/11/2012 08:49

Cheers Bob, i was wondering how the demerger would affect us regarding our holdings.

What are your thoughts on the demerger?

regards....kazz

[robertfaulkner] 01/11/2012 08:33

I Cksn share will be changed to 1 Vesuvius and 1 Alent share.



If the Proposals are approved by the Court and Cookson Shareholders and the Demerger becomes effective, for every one Cookson Share they hold, Cookson Shareholders will, on completion of the Demerger, then hold:
-- one ordinary share in Vesuvius plc, a UK incorporated company, admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange and which will remain classified by FTSE as General Industrials; and
-- one ordinary share in Alent plc, a UK incorporated company, admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange and which is expected to be classified by FTSE as Speciality Chemicals.

[robertfaulkner] 01/11/2012 08:27

Vesuvious, let's hope it erupts in profits



Mount Vesuvius, Italy

18 Jan 2011 – Today two million people live in the immediate vicinity of Mount Vesuvius. This mountain has erupted more than 50 times since the eruption in ...

ALENT An imaginary planet circling in the Earth, may be it is a real planet


Alent - Grandia Wikigrandia.wikia.com/wiki/AlentCached
You +1'd this publicly. Undo
Alent is an ancient Icarian city which orbits high above the planet Earth. It is home to the...

[robertfaulkner] 01/11/2012 08:15

I wondered why Cook was up last few days, today they annouce the "demerger" 700p here we come (I hope)

Read it all in ADVFN News





1 November 2012
COOKSON GROUP PLC
("Cookson" or "The Cookson Group")

PROPOSED DEMERGER

Following the announcement made by Cookson on 17 May 2012 that it was initiating a strategic review, the Board of Cookson has concluded that a separation of the Performance Materials division from the Engineered Ceramics and the Precious Metals Processing divisions is in the best interests of its businesses and would deliver over time greater value for Cookson shareholders.
Cookson's Performance Materials division will accordingly be demerged to form a new London listed specialty chemicals company, called Alent plc ("Alent"). The Cookson Group, consisting principally of Cookson's Engineered Ceramics division, will be renamed Vesuvius plc ("Vesuvius").
The Demerger will create two distinct entities with separate strategic, capital and economic characteristics and management teams and the Board believes each of Alent and Vesuvius would rank as FTSE 250 companies, with Alent classified within the Speciality Chemicals segment and Vesuvius remaining classified within the General Industrials segment:

[robertfaulkner] 28/10/2012 16:13

No posts for 2 weeks so I thought I'd report my non ability to buy shares for my Cksn div,

Selftrade won't do div auto re-invest so I just do a limit buy, this time 531.5 so of course the share price has shot up.

I daren't move my limit up in case the share price collapses, it's only for £300 odd worth of shares

[hvs] 14/10/2012 11:15

What a bunch of mismangers in charge here.

Give them a BONUS and more FREE shares at the price.

This doomed.

Misinformation about past performance comes to mind or am I wrong. I am telling
the truth but not the whole truth, mind you I never lied either.

They should be kicked out.

[peter27] 13/10/2012 18:12

I think it becomes less likely if they don't see a pick-up in business in the next few weeks.

[robertfaulkner] 13/10/2012 17:52

How would the much lower share price affect the thinking by the board when it comes to floating off the (is it) the Ceramics business.

If it left the rump of company down at pennies. normal for Cooksons I suppose

[sleveen] 13/10/2012 11:02

Industrials taking a bashing, XPP, Cookson, Morgan Crucible have issued profits warnings this week. Previously RNO, VLX and ECM have issued profits warnings.

[peter27] 13/10/2012 10:30

at 450 I'd be a buyer as I was September a year ago. Unfortunately I have a lot more at well over 600!

[robertfaulkner] 13/10/2012 08:37

Well profit warnings, seems like deja vu for Cksn, next a rights issue, then the share consolidation( so us punters can't see the drop in SP). I hope not

[robertfaulkner] 08/10/2012 09:07

I have put in for £28k at a limit of 505p, stupid really because if I get them there will have been some more very bad news, I should have just gone for best.

Limit only for today

[robertfaulkner] 08/10/2012 08:23

Oh dear what a f..k up, should I buy a load more because the share price always overshots down too far on bad news



08 October 2012
8 October 2012
COOKSON GROUP PLC ("Cookson" or "the Group")
INTERIM MANAGEMENT STATEMENT
Cookson Group plc, a leading materials science company, releases the following Interim Management Statement covering current trading, its financial position and outlook. This statement covers the period from 1 July 2012 to 7 October 2012.
Overview
The trading performance in the third quarter for the Performance Materials and Precious Metals Processing divisions has been in line with expectations and, for both divisions, the full year outlook remains unchanged.
However, for the Engineered Ceramics division end-market trends and trading performance in the third quarter, and in particular over the last month, have been weaker than previous expectations. Assuming a continuation of current end-market conditions, the Engineered Ceramics division's performance in the second half of 2012 is now expected to be substantially below both the first half and previous expectations.
As a result, full year performance for the Group as a whole is now expected to be materially below the Board's previous expectations.

[edmondj] 08/10/2012 08:11

Like enough, on QE!

[bobsidian] 08/10/2012 08:10

Major warning.

The share price of CKSN was looking artificially elevated for some time.

Given how much historically the share price of CKSN had been moving in lockstep with the mining sector, it would not be surprising to see the share price now playing catch up with the lesser mining constituents with high exposure to China.

Prior to this announcement a P/e ratio of around 12 was looking a bit rich on negligible growth in year-on-year earnings and is now looking even richer on a potentially significant decline in EPS.

However, the stockmarket does favour certain shares and the share price is hesitating on a 61.8% retracement of the entire move up from October 2011 to April 2012. Will be interesting to see the near term outcome of technicals over fundamentals.

Perhaps of even more over-riding concern is the elevated state of the FTSE250 and its potential for a significant retracement. It is not impossible for the FTSE250 to break out into new all time highs but I do have doubts. The more forthcoming of fund managers are reporting net selling as investors scale back their exposure to equities, whilst the less forthcoming and perhaps less scrupulous are encouraging investors to go overweight equities as an asset class.

[che7win] 08/10/2012 07:22

Profits warning.

[robertfaulkner] 14/9/2012 21:58

Bar, I've just come back from the last of my 4 day summer hols in Torquay area, can it really be only 3 and a bit months to the end of the year.

Anyway + 32p today, yip peeeeeeeeeeee.

Only another 55p and I'll be winning again from my buy back price of 689p(having taken a good profit for CGT purposes)

[barlick] 10/9/2012 17:19

Robert


'What happened to the Cevian and their board appointment to Cksn weren't they going to spin off the different divisions of Cksn for shareholder value, with news before the end of the year?'

3 1/2 months to go yet fella!

[robertfaulkner] 09/9/2012 20:30

What happened to the Cevian and their board appointment to Cksn weren't they going to spin off the different divisions of Cksn for shareholder value, with news before the end of the year?

[barlick] 07/9/2012 18:31

Little surprised at the marginal increase this week.

Still as we say there is always next week!