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Creston Share Discussion Threads
Showing 6101 to 6123 of 6125 messages
|I feel sorry for all those managers who bought options at 160!|
|Farewell then Creston:
You brought me reasonable profits, much boredom and disappointment overall. I had hoped that your blue chip client base and decent fundamentals would bring in first stronger growth and latterly a competing bid, but sadly it was not meant to be.
On to the next bid :o))|
|Interesting to see the mid-price now above the 125p offer price. Hopefully indicative of something happening...|
|Exactly Graham. As I said in an earlier post, DBAY are not a trade buyer - they are an "investment value advisor".
I daresay if someone else came in with a decently higher offer they wouldn't be averse to taking the money and running.|
|But with DBAY already holding a significant amount, the chance of another offer is relatively low - unless DBAY are playing the market and trying to flush out an offer high enough to make it worth their while to unload.|
|The other point here is that for European agencies - I'm thinking particularly of Havas - CRE is a lot cheaper to buy now than it was a few months ago given the pound's weakness.
I'm holding to see what happens, as at worst the DBAY offer will go through and at best....a bidding war! Well, we can hope anyway....|
|Offering no more than the share price was this time last year.!!|
|...good luck to holders....hopefully you get a higher offer|
|Good point - i note the irrevocables are under 7% so all is not lost/over yet
Cue bidder number 2 please|
|Cheers QS99. This analyst comment below backs up my thoughts that 125p is an absolute steal - the usual industry multiple would be 50% higher than this, equating to a price of around 180p.
Perhaps we may yet get further action here. DBAY are an "investment value advisor" - I daresay if someone else came in with a decently higher offer they wouldn't be averse to taking the money and running:
Shares in Creston jump 31% to 123p after the advertising and public relations company agreed to be bought by funds controlled by its shareholder, the investment management company DBAY Advisors for 125p a share. The price, which values the company at GBP75.8 million, equates to an enterprise value of around 5.5 times Ebitda, which is well short of the "reasonable industry multiple" of 8 times Ebitda, says N+1 Singer analyst Jonathan Barrett. Has a buy rating and 135p target price."|
|I wonder if all are happy with this tho.....not a huge amount of irrevocables....Riv sums it up well IMO|
|....DBAY offer finally happened..
Small/low premium imho.
Shareholders phps had a fair downside risk if another bad trading RNS issued (happened before) but only a small upside gain 30%.....for me it was a bad/dull risk reward....
At least Don Elgie made at least 6M out of Creston imho via benefits and shares !!
(Always a concern for me at such moments is whether any dirs agreement gets 'bought' by any secret deal from the buyer, although phps not applicable this time)|
|Not so pleasant for all the CRE managers who bought stock at over 160!|
|Wow! Didn't see that coming, well done to Riv and other LTHs for holding and making a good return.|
|Pleased to see the news and even more pleased to see it the same time as the market (for a change)|
|Well I think it's a low price but I only bought recently for under £1 so i'm happy enough with a >25% gain.|
|Riv, more a long term comment.....take a look at Cre share price over the last dozen years or so. Yeah today ok, far from impressive but ok. Anyway I'm not in, I just watch the stick as a small hobby having had years of disappointment. I actually got in just after the reverse takeover so for a few years made good money. Anyway all the best|
|wow, didnt see that coming. Well done holders....looks like NEDs have decided enough is enough?|
|Well Riv not quite the 130 from Edison, but hopefully you're out with a profit mate. GL Am sure it will be dismantled and somebody will finally make good money from what's been a forever lacklustre poorly run business|
|doesn't bode well IMO with the fall off in shares...DYOR|
|Disappointing results is the rumour.....Cre have specialised in under delivering over the years hence the p/e|
|Results on the 17th but - more importantly - no warning which confirms they're way too cheap.|
|CRE's TMW wins Ferrero Rocher account - pass the chocolates Ambassador!
"Ferrero, the Italian chocolate company, has awarded TMW Unlimited a place on its digital and social roster following a competitive pitch handled by Roth Observatory. TMW Unlimited will work across three brands from the Ferrero portfolio: Kinder Bueno, Tic Tac and Raffaello."|