Coro Energy Share Discussion Threads

[cocker] 26/3/2010 08:31

Will add my thoughts later, but in the mean time the acid test will be whether we see directors buying in @ these levels & if not, why not.

[howdlep] 26/3/2010 07:54

It will be interesting to see what Hoodless Brennan say this morning re the results, as after the contract win they said they could be a bid target

[romeo] 26/3/2010 07:23

George, I agree with you.

[gac141] 26/3/2010 07:13

A solid set of results. Glad to see the improving trend. Perhaps the business has turned the corner.

[gac141] 25/3/2010 15:57

Romeo I would agree with you. Roy would comment at some point no doubt he is a private shareholder of course. If results are out this week.... my guess will be before month end though.

[romeo] 24/3/2010 07:21

I am certain Roy had to sign a non-disclosure agreement when he resigned from the board, so I wouldn't expect public comment from him anytime soon...

[cocker] 23/3/2010 13:40

Magpie. Most of us are far from in love with coro, it boils down to the fact that quite a few of us are nursing large loses & have no choice but to hold on to our shares on the hope of a decent rebound.Coro @ 34p remains a very good speculative buy for perhaps a new investor & a certain hold for current holders. I can assure you that although I do see some light @ the end of the tunnel I have been very critical of some decisions that have been made certainly over the last year & have told Peter of them. Fair play to him as he has at least listen & is trying hard to radicate the problems within. Questions have been asked about the share consolidation, the large wages that Mark/ Bernard draw & the lack of new contracts. I await the results which WILL be realeased this week & hope that the forward looking statement is a upbeat one. My biggest concern @ present is the lack of comment from Roy, he is the one private shareholder who could perhaps shed some light on all within.

[magpie99] 23/3/2010 12:10

I have been watching a DVD called the Corporation, which I bought at the supermarket.

It is a documentary and in it it explores what a company is.

According to some research If a company were to be compared to a human being then it would fall into the psycopath personality type. Now corporate social responsibilty was invented to address that and some companies have a better veneer than others. If you were being mugged at the cashpoint the company would walk right on by, and not lift a finger to help you. If you were being stabbed in the heart the company would laugh out loud.

Although I accept people have diferent views, cant understand why some apparently love this company when it has not performed over a 10 year period.

[cocker] 23/3/2010 11:39

All opinions welcome whether they are positive or negative as thats what makes a good BB. Everyone has the abilty to read between the lines!

[magpie99] 23/3/2010 10:40

And if youre too ignorant to know there is a filter button.

There is one - you can filter anyone you wish.

[magpie99] 23/3/2010 10:34

Grow up - someone has a different opinion to you and you cant handle it go back to kindergarden and do every one a favour.

[romeo] 22/3/2010 23:51

Magpie, what planet are you on? Most companies announce new contract wins along with their results.

Why do you continue hanging around this thread? You hate the company, so why don't you just go away?

[gentlyduzit] 22/3/2010 21:42

Gadzooks. An order. A few people here seem to know the size and value. why the secrecy then for the rest of us? Is it an annualised value? Non-reg points to value that is on the low side of impact on the forecast and there is some ground to be made up. Still, the hours spent in Waggawillys and Starbonks have been worth it perhaps. So Spineless Brennan seem to be stirring up thoughts of a possible sale? From guidance? Interesting. As to who would buy it, maybe a better qustion would be how wouyld they pay for it. I suspect payment in Airmiles might gain favour with at least one member of the board. Cant wait for the next raft of orders. My nerves wouldnt hold out for another four years.

[gac141] 22/3/2010 19:57

My understanding is that that it is a very good win and sensible amount. Was rather surprised it was non reg...

The name is good and could be a very good reference.

Not been very complimentary recently but the ice is thawing.

[magpie99] 22/3/2010 14:06

The contracts should be announced when signed.

Announcing orders on the results day to flatter the results would be a very bad sign indeed.

It is usually the case that this happens though with Corero.

Perhaps the recent order pre results is a good sign followed by no announcement with the results.

[romeo] 22/3/2010 00:00

It's interesting that the company didn't include this contract win with the results which should be out later this week. Perhaps (or perhaps not) there will be additional good news with the results announcement?

[cascade sofa] 19/3/2010 20:37

does anyone know how big it is? Only a non reg announcement so presumably not material. still, good to see though.

[gac141] 19/3/2010 18:46

D I think people will buy again but when the orders come on a regular basis not one in 3 years. Good to see the first one- the proof will be if we see subsequent wins. But it is a decent start.

[cocker] 19/3/2010 16:37

Not a single share traded today on either markets which reiterates the problem once again.

[romeo] 19/3/2010 14:01

Fill your boots !!!

[magpie99] 19/3/2010 13:07

My advice would be to maintain a very critical eye indeed.

There is no room for congratulations in my opinion under any circumstance.

[howdlep] 19/3/2010 09:52

Hoodless Brennan buy note just out. Note the bid subject comment:-

Corero (CORO, 33p, £0.5m)

Corero (CORO, 33p, £0.5m), the provider of software solutions to the banking and securities and education markets, has secured a three year agreement with ABG Sundal Collier for its Blue Curve product suite. The value of the contract has not been disclosed. Net cash at the end of 31 December 2009 stood at £0.685m, exceeding the current market capitalisation. The latter combined with a 2010 PER of 2.3x, suggests the group is undervalued. There is scope for the group to be bid for, but the question is, by who? We reiterate our BUY recommendation.

Recommendation: BUY

[mollymolly] 19/3/2010 08:54

Orange,

I remember your saying one swallow don't make spring. But it is nice to see one!

The Company needs to produce more - never satisfied. I can't see how we can get anywhere near forecast without a fast flow of Blue Curve orders.

The accounting policy says "....recognised over the term of the agreement". i.e. a deal done 1st June for say £100k pa contributes only £50k in 2010. The pressure is on for early deals.

Anyway Great news.