Creon Share Discussion Threads

[oilbuy] 11/8/2013 21:47

Lets hope so !!!!

[xcap] 11/8/2013 19:55

should be an interesting few weeks ahead and an overall H2

[xcap] 11/8/2013 19:47

and under
"Other legacy investments

.....the Directors now believe that a material proportion, if not all, of the par value of this investment (£0.4 million), together with interest due thereon (£0.14 million), may now be realizable on its due date in September 2013"

so that why I have been saying we have some significant newsflow to come over the next few weeks

[xcap] 11/8/2013 19:44

oilbuy this is why I like the MGR deal so much. It is a growth story in its own right but is set to provide immediate cash flow in the form of interest on the loan note and through the distribution of profits. It has produced $29m of revenue in the 18 months to its year end accounts, and a $1m profit. and then read this carefully

"Although only a recent investment, Creon can announce that MGR is in advanced negotiations over long term supply contracts from sub-Saharan Africa for iron ore and chromium ore. These contracts, if secured on the current expected terms, will generate significant returns for MGR and accordingly, Creon. Trading in MGR since Creon's investment is in line with MGR's management's expectations and Creon anticipates receiving a return on its investment in the second half of the year"

"...will generate significant returns for MGR and accordingly, Creon"
and under Outlook
"Our recent investment in MGR is starting to bear fruit and we anticipate receiving our first returns from that investment in the second half of the year"


I expect that we will convert the loan note to equity at some point in the future, but for now a credit of 15% interest ($300,000 equating to the entire annual corporate overhead spend) pa will do nicely!

and this is why I have stated we have in the CEO someone who can source and execute major deals (in the this case MGR) with very near term significant, sustainable and growing returns.

[oilbuy] 11/8/2013 16:57

-- In December 2012, YZJOE entered into a US$170 million contract to construct and deliver one unit of a Le Tourneau Super 116E Class design self-elevating Mobile Offshore Jack up Drilling Rig.Since then, against a background of increasing demand and lead times for deep water offshore rigs, YZJOE has secured licences for the Le Tourneau kit designs and the drilling package.Furthermore, construction of YZJOE's new rig yard on the prime shorefront land in Taicang, Jiangsu Province on China's east coast, some 50 miles north of Shanghai is now well under way. Within 18 months, the new yard is expected to take on the final stages of the outfitting and construction of YZJOE's first rig order announced in December 2012. The new yard is in the ideal location for rig construction due to its deep water and absence of bridges en route to the open sea.

[oilbuy] 11/8/2013 13:19

xcap yes indeed. There has to be a few mil profit on the first rig alone. If there are more orders in the pot we could fly. Now seems a good time to buy in . I await large increases in the share price as news gets closer. There was one day last week we were up 9.3% on low volume, wait till the buyer's arrive. Oilbuy

[oilbuy] 11/8/2013 09:36

The 52 week high was .85p on the 24th of August. Food for thought !!!

[xcap] 10/8/2013 10:39

Oilbuy
My view: all things being equal if one has the patience to see this investment through to 2013/2014 and beyond this may well have a multi million pound mcap

I am convinced there has to be more bids for jack up rigs in the pipeline : even one more successful contract win this year will take share price well beyond 1p IMO
Lets see

[oilbuy] 10/8/2013 10:17

xcap. Apologies as I misread you post. Yes the hope is .75p will become support. Oilbuy

[oilbuy] 10/8/2013 09:10

About Creon Resources plcCreon Resources Plc is an investment company whose policy is to invest principally, but not exclusively, in the resources and resources infrastructure sectors. Creon has a deep and broad global network and wide contact base in these sectors, including in East and South East Asia and the Middle East which it leverages to source and make investments. These sectors exhibit high growth and are strategically important. Creon is a proactive investor which assists its investee companies to grow by providing investment, expertise and contacts.

[oilbuy] 10/8/2013 08:51

Good post xcap. .75p is resistance and not support but could easily turn to support with further upward movement. The Directors believe that the offshore marine rig vessel market is an attractive one, underpinned by sustained high global demand and a high oil price environment. Global rig utilisation rates and day rates have been rising since early 2011, particularly for jack-up rigs. Furthermore, the Directors believe demand for newly designed rigs will be underpinned by the phasing out of the existing stock of rigs. The Directors understand that by the end of 2012, the average age of jack-up rigs will be 24 years, with almost half of the fleet older than 30 years. Based on the current stock and new rig builds in the pipeline, there could be an under supply by almost 200 jack-up rigs by 2020.The Directors believe that this potential demand represents an excellent opportunity for the joint venture.The majority of the funds invested into YZJ Offshore to date have gone towards securing land rights to approximately 1.6 million square metres of prime shorefront land in Taicang, Jiangsu Province on China's east coast, some 50 miles north of Shanghai. The total cost of the land will be approximately US$65 million. Creon has the option, but not the obligation, to provide additional funding to YZJ Offshore.

[xcap] 09/8/2013 20:13

oilbuy
your prognosis seems to be playing out. Well, according to your 'weak bull' (now strong?) and upper bollinger' chartist analysis, is an expectation of a .75p support level



There has to be something happening in the background.
The CEO has stated openly that there will be strong newsflow in H2. Perhaps ss you may be right when you say by xmas ' I am expecting 2p-3p'. Why can I see this happening, well if we get the following newsflow it may well be reflected in a share price at that level

1. update on current rig contract
2. progress on construction of shipyard expected
3. MRG - payment of first interest payment on cnote (15% annualised rate)
4. MGR - update on contract wins as stated in the CEO's commentary in the results
5. MGR - revenue and profit figures for H1
6. newsflow on YZJOE bid pipeline for additional offshore jack up rigs , and this I missed, semi submersibles
7. the blind spot: an announcement of another major deal

if all the above are ticked , yes 2p-3p a real possibility.

very nice finish to the week.

[share_shark] 09/8/2013 18:17

I know and where was I ????????. >

[oilbuy] 09/8/2013 16:36

s_s there's you're blue !!!!

[oilbuy] 09/8/2013 16:33

xcap !!!!!!!!!!!!!!!!!!

[oilbuy] 09/8/2013 11:36

Possibly 2 x 1 million are buys. Lots of buys being recorded as sells over the last two weeks.

[oilbuy] 09/8/2013 08:48

Well we have a blue sky here lol

[xcap] 09/8/2013 08:38

ss, be patient
this share tends to wake up late morning:)

[share_shark] 09/8/2013 08:22

Where is the blue today then guys ?.

[xcap] 08/8/2013 22:43

Second half is going to be exciting
That says it all

[share_shark] 08/8/2013 22:42

Thanks again oilbuy.

As a holder in this company for some time,it has been a waiting game although we really did have fun and games when it went to 3p from nothing (almost)!

The RNS you have posted about got me so excited but very few were impressed, except the few who post on here, that is.

This is so, so, undervalued and perhaps shortly, we will see if the market agrees with us, when the news flow starts.

[oilbuy] 08/8/2013 22:29

"The year ended 31 January 2013 has clearly been an exceptional one for Creon, transforming itself into a well capitalised and well respected investment company with investments in sectors with high growth potential over both the short and long term. We are delighted with our JV Investment alongside Yangzijiang into YZJ Offshore, which is on schedule to deliver its first order on budget and on time. The development of YZJOE's rig yard just north of Shanghai ought to deliver significant value uplift to Creon as construction on that site continues apace. Our recent investment in MGR is starting to bear fruit and we anticipate receiving our first returns from that investment in the second half of the year. We are financially secure with a strong management team and we look forward to updating shareholders on further developments during the course of the current financial year."