Conduit Share Discussion Threads

[edmondj] 29/1/2016 08:58

Always nice to have friendly owners!

[rivaldo] 29/1/2016 08:54

RNS - Artemis have bought another 1.12m shares, and are now up to 8.64m, or 14.7%:



DBay and Artemis now own 40% of the shares between them.

I just wonder if they'll begin to agitate for a sale of the company given the strength of their combined position.

[madengland_] 28/1/2016 10:43

Good luck Riv, I will buy if they drop further but hope they don't. Never really one for Hoping to see a share go down.

[rivaldo] 28/1/2016 09:50

The two latest forecasts average at what will soon be a historic 11.1p EPS, with 11.95p EPS to March'17.

The dividend yield of more than 4% should also nicely support the share price:

2016 2017
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
N+1 Singer 27-01-16 HOLD 9.50 10.90 4.40 10.17 11.50 4.70
Edison 27-01-16 None 9.50 11.30 4.20 10.50 12.40 4.40

Liberum have a new 150p target price (down from 170p):

[qs99] 27/1/2016 12:45

yes worth IMO a closer read. I think more could come out in Q1 calendar 16 IMO given that statement it just reads very nervously.....compare to CELLO however which I am invested in and I know which one I would rather be in....good luck, will wait and see how CRE unfolds Q1 before making any decisions, have been in and out before but a serial disappointer IMO...

[madengland_] 27/1/2016 11:31

Riv, commiserations on this one, it is as you say typical Cre. Maybe the strategy that BB has tried to flog under different words than Elgie just does not work. At least the purchases of late have been better prices than some of Elgies deals. Is this price reaction over done? Not sure, think this could now drop further. I may buy then but purely as a trade as oppose to having any faith in management.

[red army] 27/1/2016 08:57

When you consider the cash and the forecasted profit then these look overdone to the downside.
I would guess at this level they would make an attractive buy for someone.

[rivaldo] 27/1/2016 08:07

Typical bloody CRE! Disappointing once again....I had hoped the new management would deliver, and in some ways they have, with hugely impressive new client wins, but the outlook for Q4 has stuffed them.

The share price is now just above my average in-price, but I think the fall is overdone given a likely £9.7m or so PBT to 31/3/16 against a £57m m/cap and a blue chip client base with average 20 year lifetimes.

Hopefully DBay will continue to top up at these levels, right up to 29.99%.

[rivaldo] 25/1/2016 07:23

RNS : DBay Advisers continue to buy and are now above 25%.....they've bought another £0.5m or so of shares:

[madengland_] 13/1/2016 15:17

Hi Riv, I sold out quite sharpish after the bounce after the results sell off, and made a loss of course, glad I did as we've just seen further declines.Disappointed to see no sign yet of an acceleration in momentum. I would agree it's cheap, but it's been cheap for years. BB has the clock ticking and he has got to show that ability to grow earnings to command a better p/e. I may buy back in pre the next set results but don't think this will go anywhere before then. He's made the right noises but results needed, then it could motor. All the best, appreciate all your posts as its great to keep up with the company on this bb alone.

[rivaldo] 12/1/2016 12:04

Peel Hunt today reiterate their Buy and 150p target:

[rivaldo] 12/1/2016 07:46

RNS - FIL are buying more and have increased to above 5%:



They've bought almost another 300,000 shares and now have more than 3m.

[rivaldo] 11/1/2016 09:34

RNS today - good to see CRE taking advantage of the current low price to buy back another 30,000 shares.

[rivaldo] 14/12/2015 07:43

Interesting launch and high-profile recruitment:



Extract:

"Creston Unlimited launches brand-partnership specialist Affinity Unlimited under Andrew McMorran's leadership
11 December 2015

Affinity Unlimited aims to develop partnerships between brands and rights-holders in sport, entertainment, culture, the arts, NGOs and social purpose programmes.

McMorran has more than 20 years’ experience in the sports and entertainment marketing. He has held the positions of worldwide client services director of O&M, MD of RPMC Europe and MD of Edelman Sports & Entertainment.He is also a regular speaker on the topic of leveraging creativity and is the resident chair of sponsorship industry conference Think!.

His client experience includes Adidas, Anheuser Busch, Artemis, Budweiser, DHL, Help for Heroes, Heineken, J&J, JP Morgan Asset Management, LG, Man Booker Prize, Premiership Rugby, Rolls Royce, Samsung, Shell, Sony Ericsson, the British Army, The IOC, The National Gallery and UNESCO.

etc"

[rivaldo] 10/12/2015 14:59

Consensus EPS is 13.33p EPS this year and 14.04p EPS next year.

That's a P/E of 9.4 falling to 8.9.

And with 4.46p and 4.7p dividends respectively, a divi yield of around 3.5%.

Plus....

Long term uptrend from 80p.
Stupendous client wins recently with Vodafone, British Airways, Signal
New management knocking the group into shape
Average client longevity of 20 years
H2 has started strongly

Buy as it's cheap imo.

[smithie6] 08/12/2015 13:56

Based on down trend from 150p
And poor growth record over last 15 yrs
& mkt concern about ad blocking etc etc
& big data. Impact of internet
For CRE I would say avoid, despite being arguably cheap on some financial ratios.

Fulltimeinvestors.com

[madengland_] 08/12/2015 09:49

Nice to see the buying opportunity still open!

[rivaldo] 07/12/2015 10:39

News - yet another new client win:



"Marketing tech company Signal brings in Nelson Bostock Unlimited to reach UK marketers
4 December 2015

Signal, a software company that creates marketing technology, has brought in Nelson Bostock Unlimited as its UK PR agency following a competitive pitch process.

Nelson Bostock Unlimited’s programme will focus on promoting Chicago-based Signal and its offering for the UK market, localising the company’s messages for UK marketers and establishing a "clear and credible thought leadership platform" for the EMEA team.

Neil Joyce, EMEA MD, Signal said: “As a high-growth business in a competitive global marketplace, we look for PR partners who have their finger on the marketing industry’s pulse.

"Nelson Bostock Unlimited has a strong pedigree in the marketing and advertising technology space, and the team impressed us in the pitch meeting with its smart, relevant ideas for helping us tell our story in the UK market. We’re looking forward to working with them to build a truly local voice for Signal and engage with UK marketers about the things that really matter to them.”

Nick Clark, Nelson Bostock Unlimited MD, added: “Over the years we’ve a built a strong service offering for marketing, advertising and fast-growth technology companies and we’re very proud to sign Signal as our newest client in this space.

"As this month’s Deloitte Tech Fast 500 list demonstrates, Signal is one of the fastest-growing and most innovative companies in the ad tech industry right now. We’re already helping the local team to tackle the challenge of moving the data marketing conversation on among the UK’s in-house and agency-side marketers."

[deadly] 03/12/2015 19:29

Up 3p today on top of going xd for 1.42p.

[rivaldo] 03/12/2015 12:50

Nice surge....

[rivaldo] 02/12/2015 11:02

Sanlam's latest forecasts:

this year : 12.7p EPS, 4.4p divi
next year : 13.3p EPS, 4.6p divi

Pretty decent value on a P/E of 10 with a 3.4% dividend.

[johnsuwon] 27/11/2015 15:39

Is it a coincidence that share awards are granted just after the share price has plummeted or am I being overly cynical

[rivaldo] 26/11/2015 07:32

RNS - good to see the CFO buying shares. And a maiden stake too. It's only around £6k, but then a CFO is almost always the lowest paid member of the management team by far, and is the least likely to waste money and the most likely to know the numbers and prospects!

[rivaldo] 25/11/2015 09:03

Good to see others recognising the buying opportunity:



"The City expects Creston to chalk up earnings growth of 6% and 5% for the years to 2016 and 2017 respectively, leaving the business dealing on ultra-cheap P/E ratings of 10 times and 9.5 times. When you factor in chunky dividend yields of 3.2% and 3.4% for these years, I believe current share price weakness could represent a lucrative dip-buying opportunity for patient investors"