Corvus Capital Share Discussion Threads

[bubface] 20/3/2008 14:40

there could be several million overhanging but when they're gone these are back to 3-4p imho.

[pbracken] 20/3/2008 14:17

I picked up 125K at 1.795p - a bit of lose change from profits elsewhere. A pure gamble, which I might add to later today.

[bubface] 20/3/2008 14:17

ah matt c not golfing weather is it!
market cap cvs £5.4m.value cmm stake £8m.co also has cash increased by recent disposals my guess circa £3-5m could be more.somebody is a forced seller and it just gets worse for them.cvs seem to care little about this which is a worry.they are in the close period so there is not a great deal they can do but they must come out with results by end of this month.
the seller is not clear yet in these or cmm,i think they are both ridiculously low but we may not have seen the low print yet until this clears.
i only hope regan does shaft us [again]

[matt c] 20/3/2008 14:11

I'm in, 100,000 at 1.8p.
Worth the gamble on the 20% Commoditrade alone which will deliver minimum £16 million profit !
Madness!

[vida] 20/3/2008 13:14

So trading under the value of investment in CMM - beginning to get interesting here. Will not jump until results announced though. Administrative costs rather high to what is actually produced imo.

[bubface] 20/3/2008 13:14

regan seems happy to let it fall,wouldn't be surprise if he tries to delist it and rape the shareholders for whats left.what a huge disappointment.

[pbracken] 20/3/2008 12:29

MF Global is a forced seller. It no longer has a notifiable interest, but it still has just under 3% or 8.5m shares left to dump. Hence the price weakness today.

[topvest] 19/3/2008 21:37

Something doesn't look good here at all. CVS looks like it is on its way to zero. Where are the results?

[pbracken] 19/3/2008 08:34

Drewster - can you reveal where the value lies? The stake in CMM is worth around £7.5m which supports the current mkt cap of £8.5m, but the value of CMM seems to fall by the day, and CVS has been liquidating some assets at a loss, whilst other investments - like DTEC - have also collapsed in value.

And where are the results to year end Sept 2007? Suspension looms if the March deadline is breached.

[the drewster] 18/3/2008 21:34

Well, if it is, I will be sorely disappointed, and not insignificantly poorer. I believe it is part of the flight away from small caps that has exacerbated the current position, and have taken the oportunity to buy more. I believe value will out, and that such value lies significantly north of where we currently sit.

[humbugg] 18/3/2008 16:10

this is getting marked down as if its about to go pop.
:-((

[humbugg] 06/3/2008 22:30

the drewster,
:-)))

[the drewster] 06/3/2008 18:18

You are not alone Humbugg

[humbugg] 06/3/2008 13:24

i seem to have stimulated the share price a tad
;-)))

[humbugg] 06/3/2008 10:06

had another little top-up. what do they say about "fools and money" easily parted?

[topvest] 05/3/2008 22:55

I agree - this seems to be going really pear shaped. Could you have been very different if they had crystallised value on their one success, but this seems to be going down the toilet as well.

[the shuffle man] 05/3/2008 16:30

Dont know if you guys saw this on 28 Feb from the daily Mail:

"Geneva based financier and polar treveller Andrew Regan's companies came under attack from hungry bear raiders amid rumours that the pips are squeaking within his empire and a fundraising could be on the cards.

Down from a year's peak of 26.75p, shares of his main investment vehicle Corvus Capital fell a further 0.5p to a low of 4 7/8p, while COMMODITRADE, in which Corvus owns 20%, dropped to 13p on lumpy selling before closing 1.5p cheaper at a low of 13.5p following turnover of 34.6m.

Recent sales by Corvus of stakes in Nanoscience and Zest Group increased concerns that Regan does need cash and could even sell out of Commoditrade. but a spokesman last night described all the rumours as "total rubbish", and added: "Corvus has seven years of cash on its balance sheet and is under no financial pressure whatsoever. The boys have just decided to had a go during the close season"

Commoditrade, the broking group Regan established in 2005, which held abortive takeover talks last year, warned in a recent statement that the trading environment remained challenging.

It reiterated that pretax profits for the year to end December 2007 would be not less than £16m, up from £13.4m. The board also put the brake on its buy-back programme as it entered a close period before the results in early April."

[a2584728] 05/3/2008 16:05

They are gathering cash for a deal I would imagine, they don't need cash to feed an overhead so something must be happening.

[pbracken] 05/3/2008 16:02

Thanks humbugg.

In June, CVS said: "Corvus has continued to pursue further growth from its investments in the small cap market, locking-in cash gains when it is appropriate to do so and investing in new opportunities, most recently its 17 per cent interest in AIM-listed DiamondTech."

You have to laugh, not least because, err, DTEC has (like the rest) since fallen by 80% or so.

CVS is crystallising losses. Why?

[humbugg] 05/3/2008 15:37

pbracken,
most of CVS stakes are on the floor, and most of the holdings CVS has sold have been at all time lows. very strange goings on. either desperate or somethings brewing.....or both?

[pbracken] 05/3/2008 15:30

OK, so now they have sold 11m shares in Upstream, raising about £250k. Why sell now, with the UPS share price on its chin? It looks like desperation - and that's precisely what the market believes it to be.

Anyone got a decent handle on the cash and asset position of the business? If not, I'll get it myself.

[a2584728] 05/3/2008 11:41

There are clearly a few parties building a stake in CVS for some reason, priced is nice and low for hem to be allowed in at the right level.

Something is brewing.

[humbugg] 27/2/2008 07:56

topvest,
i concurr.