Coro Energy Share Discussion Threads

[magpie99] 04/2/2010 12:30

I have just managed to sell 500 shares.

After the trade I noticed the quantity of shares to trade is just 1 share or around 40p.

[orange1] 03/2/2010 15:18

Mark Robertson reckons that if one reads his inane twitter posts one is prying into his private life:

"Good to see BB posters are interested in my private life, shame they can't pick up the phone and reveal themselves"

Message to Lycra Boy: if you don't want anybody to know about your private life, don't broadcast details of it to the world via Twitter. And do tell, why would your life be enriched if we revealed ourselves to you?

I can tell you that our lives would be enriched if you would......

Five pints to the person who can come up with the best answer.

[magpie99] 03/2/2010 15:02

No buyers out there, I tried to sell off the same tranche today - no luck

No one trusts this company, after years of underperformance.

My advice would be to steer well clear of any business servicing stockbrokers.

[orange1] 02/2/2010 13:40

That Mark Robinson is a right wag. He's decided to twitter using the names of posters from this thread:

8:56 AM Jan 31st:
Sunday in Hell - been up and down every hill in Kent - tough season opener - 4:20 - and didn't get run down by gentlyduzit

11:12 PM Jan 30th: On the way to Hell of the Ashdown with Steve & Ed. Fresh day but no wind yet. Car says -4 outside!

8:34 AM Jan 22nd: cascading on the sofa, whoops gently duz it.

If he could just make a reference to orange lycra shorts, he can prove to the world what a very clever clown he is!

[magpie99] 02/2/2010 13:04

Just tried to sell off some more of my shares- No takers!

[mollymolly] 01/2/2010 09:06

Roy

Sorry to see you go.

[gentlyduzit] 01/2/2010 08:48

Mrs Duzit not been well lately so I've been struggling with domestic stuff like washing machines. What is a delicate wash anyone? Still reasonably good news from Peter Wooley and Co. MMs clearly expecting worse news.

Cant see any real future upside though as CS is no longer an account and Lycra boy still not doing any new clients. Unless he drops one a month for the rest of his life to make up for the past three years famine. I will wait to hear the outlook for 2010 and byond with concrete evidence of any kind of future rather that the flannel in the trading update.

[magpie99] 27/1/2010 16:27

1
5:59:24 45.10 5 2.26 O
15:59:08 45.10 4 1.80 O
15:58:51 45.10 2 0.90 O
16:26:53 26-Jan-10 37.00 6,000 2,220.00 O

Trades at 15:58 - only for 2 shares value 90p?

[magpie99] 27/1/2010 10:21

The termination of the Credit Suisse contract

[howdlep] 27/1/2010 08:47

Good to see the spread really narrow as WINS go on the bid.

L2 is 1 v 1 with WINS only prepared to sell stock at 55p

[currypata kai] 27/1/2010 08:46

ok ...that sounds good

well as a 2.9% holder I am happy with the recent rns

[howdlep] 27/1/2010 08:43

Currypata Kai,

Its probably a reference to the conversion of one customer to a permanent up front licence. This will aid the short term develoment of the company and ensure additional contract wins/renewals are announced.

[currypata kai] 27/1/2010 08:20

Magpie99 - 26 Jan'10 - 10:16 - 1562 of 1567

The share price has gone up and that is the markets opinion. So slightly better than expected.

Pretending everything is going to plan when you have just sold off the family silver for it to go to plan is decietful and reminds me of Gordon Brown.



What do you mean by "selling off the family silver" ?

[howdlep] 27/1/2010 08:13

Specialist software firm Corero (CORO) reported improved results for the year to 31st December, and said that it met its forecasts of generating a trading profit for the second half of the year and of being cash generative. Trading profit for the period is expected to be over 300,000 pounds, with "substantial contributions" from the Business Systems and Financial Markets divisions. The shares leapt ahead by 12.5p to 45p.

[cocker] 26/1/2010 20:45

Having spoken to George earlier I personally would like to thank ROY for his FREE work over the last couple of years .Having said that Roy, it would be nice to see you pop a few words on here to explain your decision. Cheers.Maybe even Patricks view of the update would be appreciated.

[cascade sofa] 26/1/2010 20:14

Pleased to hear the positive news and that FM is actually renewing customers who are extending their licences

[howdlep] 26/1/2010 11:24

L2 is 2 v 2 (only 2 mm's on this stock)

[howdlep] 26/1/2010 10:26

Hoodless reiterate buy recommendation, hardly surprising when net cash exceeds cash. I have bought today with two small purchases, but stock will be hard to get hold of with such a small cap:-

Corero (CORO, 32.5p, £0.49m), the provider of software solutions to the banking and securities and education markets, reports trading for the year ended 31 December, is in line with market expectations of PBT of £0.1m and EPS of 4.74p. Operating profit is expected to be in excess of £0.3m. The Business Systems division has maintained its market position by winning contracts with 25 City Academies. The Financial Markets division generated substantial revenues from the existing Blue Curve and Radica CAPS clients. Net cash stood at £0.685m exceeding the current market capitalisation. The market forecasts 2010 EPS of 14.22p, which puts it on 2.3x. The low rating combined with the net cash position exceeding current market capitalisation encourages us to reiterate our BUY recommendation.

[magpie99] 26/1/2010 10:16

The share price has gone up and that is the markets opinion. So slightly better than expected.

Pretending everything is going to plan when you have just sold off the family silver for it to go to plan is decietful and reminds me of Gordon Brown.

[orange1] 26/1/2010 07:42

So on the face of it, everything looks to be going to plan. But how much of the 'trading profit' is down to selling off the family silver at the end of last year?

Trading profit, subject to audit, is expected to be in excess of GBP300,000 for
the year ended 31 December 2009, reversing the declared trading loss for the
six month period ended 30 June 2009 of GBP180,000, the company tells us. But for the year ended 31 December 2008 the trading profit was GBP 272,000 (prior to a one-off impairment charge). So after selling off the family silver, the company has increased the trading profit by just GBP 28,000. Hmmmm.....

And why has Roy stepped down? Because he wasn't happy with the way things were panning out. Perhaps he might come on this board and tell us more.

Does gently get a prize for coming up with the resignation? Do I get one for guessing the name of the director?!

[orange1] 26/1/2010 07:38

Trading Statement

26 January 2010

2009 Performance and Trading Update

Corero plc, the specialist provider of software solutions to the banking and
securities and education markets confirms that it results for the financial
year ended 31 December 2009 were in line with expectations and showed an
improvement over those for 2008.

At the time of announcing our Interim Results for the six months ending June
2009, I stated that we expected to generate a trading profit for the second
half of 2009 and that we would be cash generative during that period. I am
pleased to say that these goals were fully realised.

Trading profit, subject to audit, is expected to be in excess of GBP300,000 for
the year ended 31 December 2009, reversing the declared trading loss for the
six month period ended 30 June 2009 of GBP180,000. There were substantial
contributions from both the Business Systems division and the Financial Markets
division. The Business Systems division won contracts from a total of twenty
five City Academies, maintaining its approximately 30 per cent share of this
attractive market, as well as maintaining a strong position in the Further
Education market. The Financial Markets division generated substantial revenues
from the existing Blue Curve and Radica CAPS clients, benefiting from five Blue
Curve licence extensions and a major CAPS licence deal in November. Cash
balances at the end of 2009 were GBP685,000 which is sufficient to fund the
Company's continuing operational needs for the foreseeable future.

The group expects to announce its audited results by the end of March 2010;
these will reflect the effect of interest payments and any IFRS accounting
adjustments.

Roy Mitchell, after two years as a non executive director, has resigned from
the board. The board and the Company are extremely grateful to him for his
valuable contribution. It is not intended to replace Roy immediately and, in
the meantime, Richard Last will take over as chair of the Audit Committee.

A further update will be issued with the publication of the audited results for
the year ended 31 December 2009.

[cascade sofa] 24/1/2010 21:46

A confident step, hopefully a sign of new life in Financial Markets? was the 5000 trade on Friday a sign of a smart buyer waiting for a contract? Good luck to all

[magpie99] 24/1/2010 20:07

A welcome step Mark

I suspect many will wait to let the sales do the talking.

[bluecurve911] 23/1/2010 13:40

I must admit to not reading this BB for quite a while. George alerted me this week.

I'm always happy to speak direct with shareholders and I'd be happy to discuss your issues further. My contact details are here

I look forward to speaking with you soon,

Rgds, Mark.