Creon Share Discussion Threads

[xcap] 16/9/2013 18:52

we have to be looking at 1p soon, before dec hopefully

[xcap] 16/9/2013 18:52

missed all the action today
this is just the start

personal view - MGR is a seedling atm I say seedling but its already generating big revenues by AIM standards), but clearly based on the Glencore model
MRG is going to be a huge success imo
cannot wait to read the interims and see how its performing

wonder what deals they are working on...

[share_shark] 16/9/2013 18:42

From LSE Does anyone have the note from Faraday please?. I am registered but I appear to have missed it. I am just desperate to see who this interesting new investor is, arnt you ?.

FaradayToday 15:43Faraday recommended this share a couple of weeks ago. I have invested here again. I know this is gonna be a multi-bagger when things start to move

[share_shark] 16/9/2013 18:23

Very well done Genises. Welcome here to our little band of brothers and sisters

[genises] 16/9/2013 16:00

Hi Share-shark
This time I got my investment in at the lows.
I wouldn't like to be out of these.
when you recommended cicc AT 0.6p I stood on the sidelines now 6p
Like cicc the potential is huge.
It seems slowly like cicc the shares are starting to being noticed.
2014 looks exciting

[ddav] 16/9/2013 15:28

Me too CRO is my largest.

[howdlep] 16/9/2013 15:26

LEG has an investment in CRO. However, I would rather benefit from the gain in CRO directly

[ddav] 16/9/2013 15:23

Very good, been guarding LEG - got another 450,000 cro on the dip. GLA

[mike111d] 16/9/2013 15:14

Nice, back over .6p. Very happy to have bought the recent dip.

[oilbuy] 16/9/2013 15:09

Next resistance .715p Will we break it before close of business ?LEG up 38% something to do with us ???

[howdlep] 16/9/2013 14:09

free float only a tiny 11.61% so mm's having to raise prices to meet demand with each decent buy

[howdlep] 16/9/2013 14:03

looking for a break above 0.7p and then for volume and momentum to really pickup

[genises] 16/9/2013 14:03

another million brought

[mike111d] 16/9/2013 13:50

Thank you share_shark, this was why LEG moved up earlier IMO.

[howdlep] 16/9/2013 13:50

Full Beaufort Securities write-up:-

[share_shark] 16/9/2013 13:46

Agree and so undervalued .

[oilbuy] 16/9/2013 13:46

About time we got a mention especially at theses prices

[share_shark] 16/9/2013 13:41

Courtesy of the poster howdlep. :-)

howdlep 16 Sep'13 - 13:39 - 314415 of 314415 0 0


CRO

Beaufort Securities speculative buy write up.

Tiny free float so this will move very quickly....

[share_shark] 16/9/2013 13:38

Yes howdlep and agree with the free float, which will benefit us here !. :-)

The report also states this.

MGR RESOURCES has already made payments to CREON and FURTHER PAYMENTS ARE EXPECTED SHORT TERM !.

[howdlep] 16/9/2013 13:35

yes indeed a good write-up. Note, the tiny free float so this will move very quickly

[share_shark] 16/9/2013 13:30

Recommended to all its clients today.Beaufort. Yippeeeeeeeeeeeee.

(e) [e-mail]

Research Report Full report reads very well !.

Monday, 16th September 2013




Creon Resources (CRO.L) - Speculative Buy at 0.55p

As at the 31 January 2013 the NAV of Creon was 0.4p, an increase of 18 times as at a year earlier. Notwithstanding the work to date in the China JV and the receipt of a large order, all the investment in the YZJJOE Offshore joint venture with YSH, including Land, is valued at cost. The investment in MGR, which was prudent and shrewd, is also valued at cost. It should provide near term revenues for Creon. With a supportive large shareholder we can expect more deals in the 'Resource' infrastructure and asset arena and in new geographic locations. Creon has exciting prospects, and we encourage investors to join in what looks like the early stage of a potentially large enterprise. SPECULATIVE BUYRead the full report.

[howdlep] 16/9/2013 13:30

buyers coming in. Time for the next move up....

[xcap] 14/9/2013 14:22

"We conservatively forecast US$2 billion of orders for the 2014-2015 financial year."

Nap , some of this should filter through to our 19% indirect holding?

[napoleon111] 13/9/2013 08:55

Analysts upbeat on Yangzijiang Shipbuilding

Sept. 13 (Business Times) -- ANALYSTS are tipping that Yangzijiang Shipbuilding Holdings would build on its strong showing over the next two years because of a strong pipeline of new orders and industry consolidation in China.
They have raised their ratings on the stock, citing the strong order book and expectations that the company would see even more orders in coming months.
Credit Suisse raised Yangzijiang to "outperform" from "neutral" and lifted its price target to $1.30 from $1.10 as it expected the group to benefit from a recovery in newbuild orders, given its strong financial position and low production cost.
DBS also boosted the Chinese shipbuilder to "buy" from "hold" and increased its price target to $1.22 from $1.02 on expectations that order flow would gain momentum as a result of the lower price of new vessels and increasing freight rates.
Yangzijiang shares, which surged 6.1 per cent on Wednesday to $1.04, yesterday gained another 5.3 per cent to end trading at $1.095.
The company said on Wednesday last week that it had converted four newbuilding options worth US$110.4 million to firm orders. The two 1,100-TEU containerships and two 82,000 dwt bulkers are slated to be delivered by 2015. In July and August alone, the shipbuilder secured eight shipbuilding contracts worth US$214 million. For the year to date, the number of shipbuilding contracts is 35, worth a total of US$1.22 billion.
More may be in store for Yangzijiang as it has 51 options worth US$2.87 billion from a host of customers. This is made up of 22 for containerships worth US$1.79 billion, and the rest for multi-purpose bulk carriers worth US$1.08 billion.
In a recent report, UOB Kay Hian analysts Lawrence Li and Nancy Wei said: "Among state-owned enterprise (SOE) shipyards, Yangzijiang's market share in the first half of 2013 was a remarkable 30 per cent. We expect the order-winning momentum to persist in the second half of 2013."
Given Yangzijiang's strong order book, UOB Kay Hian expects the full-year order target of US$2.5 billion to be achievable as the group's newbuild order cycle is believed to have bottomed out.
Changes in Yangzijiang's operating environment could also benefit the company's orders. Deutsche Bank analyst Kevin Chong noted that consolidation of the Chinese shipbuilding sector over the next few years should see government-related shipyards and healthy private yards become stronger, while weaker and/or smaller yards could lose market share and eventually exit the industry altogether.
Yangzijiang should benefit from such consolidation, he reckoned, given its strong track record of capturing new orders so far this year.
Deutsche Bank last week upgraded Yangzijiang to "buy" and raised its target price to $1.15 from $1.00 on hopes that the potential exercise of new orders could drive the stock up, while increasing net income for the shipbuilder for FY2013/2014 and FY2014/2015.
UOB Kay Hian noted that Yangzijiang had been active in acquiring small yards to expand capacity, such as Changbo and Xinfu. Together with a robust balance sheet, it said, the group should have no difficulty in getting loans from banks, which could create consistent profit from sizeable held-to-maturity (HTM) financial assets and bring in more newbuild orders.
CIMB shared its optimism. "Enquiries are strong and if Yangzijiang can secure more than US$2.5 billion in 2014, its earnings could swing from -2 per cent year-on-year to +1 per cent in the 2015 financial year," its analyst Lim Siew Khee said in a recent report. "We conservatively forecast US$2 billion of orders for the 2014-2015 financial year."
CIMB recently raised its long-term rating on Yangzijiang to "outperform" while upping its target price to $1.25 from $1.00.