Corin Share Discussion Threads

[like2share] 15/8/2008 13:58

perking back up nicely...

[like2share] 15/8/2008 10:58

bid still about...results out soon...expecting this to rocket northwards

[cuzy] 20/7/2008 22:14

maqsud, why do you beleive a bid is in the offing? Bought in @ 114 after it looked way oversold! So far so good!!

[maqsud] 19/7/2008 18:03

possible bid announcement??

[maqsud] 09/7/2008 09:20

Here we go ...this could rise just as quickly as it fell...

[gambler99] 07/7/2008 21:40

only if you have access to inside information

[maqsud] 07/7/2008 21:06

anyone know actual debt levels at present mo....?

[gambler99] 07/7/2008 18:24

thanks Kamitora, one of the most comprehensive answers i've had on ADVFN
for a long time. i think i will hold as i bought the shares today at 116p and not a CFD so another few months and hopefully 2 pounds will come back

[kamitora] 07/7/2008 17:42

Volume was just short of 185,000 if you add up the LSE and Plus Markets trades. As far as I'm aware Corin aren't traded through Chi-X so I'm not sure if there would be any bigger trades going through elsewhere. Basically it looks like this has been a very large low volume fall so in principle there's scope for a rapid bounce if there's any significant buying. The problem is that if the LSE order book is anything to go by, there simply just aren't any buyers right now, which is not uncommon amongst the smaller caps at the moment.

I think an institution or a larger private player has noticed this and is shorting it because there have been no RNS messages of late which have suggested an institutional seller. Lehman are have been varying their holding but I'm presuming that's just client attrition.

I've played the long side several times over the last couple of weeks and each time caused a bounce as the seller pulled off, which makes me think that they are opportunistic rather than committed. In retrospect it would have been a better short of course.

I'm concerned about the company's cash and debt position after the Stryker news. There's been no director buying which is disappointing. The company can't issue an RNS saying that it knows no reason for the drop, because it has been dropping since the trading statement in May, ergo they know the reason why their shares are dropping. What they need to do is issue an RNS noting the continuing fall and stating their financial position with greater clarity. That's a bit of a trick to pull off if things are tight though. Director buying might be a more effective gesture which would raise fewer questions in these markets. They are reaching the point where they might feasibly be able to comment on Stryker's Q2 surgeon training and subsequent implant rates although I expect it's too early to put serious figures to this.

I used to work for a large orthopaedic company. I'm aware of the business and Corin's products and believe there's value in their intellectual property, market penetration and FDA approvals. This is a business with high barriers to entry and if there's nothing nasty lurking within the company a bid from one of the larger players would seem entirely possible. Stryker would be the obvious candidate - so their slow take-up will have worked out quite well for them. Still, I feel I have more questions than answers right now. I might contact the management to see what can be clarified.

[gambler99] 07/7/2008 16:25

company should release an RNS to say no reason for the drop unless there
is of course and we don't know about it yet, shorters are having a holiday on the low volume but it could rise very quickly if there is good news or an RNS.

lets hope the management get off their backsides and say something

[mixitup12] 07/7/2008 16:00

What has caused the drop. If ever there was an increasing market it would be in hip and knee replacements.

[like2share] 07/7/2008 13:35

now at float price from 2002 of 111p, should bounce from here

[like2share] 25/6/2008 11:12

make that Top 20!

[like2share] 25/6/2008 10:40

hopefully Top 30 Percentage Gainers today!

[abcd1234] 25/6/2008 10:08

Had an eye on crg when it plunged from 450p to 250p in 1 day, but there was no bounce

surprised to see crg pop up again on the Top 30 Percentage Losers list yesterday afternoon, so put CRG back on my watch list

...to guage where it may head to over the next period, would need to establish what is the true share value, take out price etc etc etc...any ideas folks??

[like2share] 25/6/2008 09:47

short term move back up 200p?

[gambler99] 09/6/2008 07:53

abcd1234....no news on this.

very disapppointing share price movement. - lack of bounce.

cut my losses of 300 quid and ran a few weeks back at 250p

as the price movement is incredibly unpredictable, no simple

swing up or down, infact was the most frustrating trade i've had

in months!

like you i'm just waiting for any news now.

good luck.

[abcd1234] 04/6/2008 19:42

am still keeping an eye on this....

any news, rumours??....

[abcd1234] 28/5/2008 12:16

question mark...as in: Do you have any specific information..?
ta

[maqsud] 27/5/2008 15:32

CRG contemplating a bid??

[abcd1234] 22/5/2008 08:35

Do you have any specific information..?
ta

[gambler99] 21/5/2008 09:56

level 2 looking nice for a rise ---

come on a bet theres a few secret day traders out there...!!!