Customvis Share Discussion Threads

[moosh2] 19/4/2010 12:59

and my other tippy is EBG. coal appears to be the in thing for some reason?!

[robandkerry] 19/4/2010 12:57

Group net assets at 31 December 2009 were GBP3.60 million.

If they sell the assets at half price we should get the share price value at suspension back at least.

[wattzy] 19/4/2010 12:56

Have some of those, think cash equals nav at the mo, hopefully will break soon after this little blip in the market.

[moosh2] 19/4/2010 12:43

my punt is CAO. cash-RICH lol!!!!!!!! and plenty of stuff going for it in near term according to RNSs. dyor of course.

[robandkerry] 19/4/2010 12:22

I smell a rat here. The results were not painting the true picture if you ask me. Turnover of 1.1 million and a profit of just over a million quid and they are taken into administration. I can see someone buying the company for a song and screwing us over.

[wattzy] 19/4/2010 12:12

moosh,

Just saw your second paragraph, can't agree with your charitable donation statement but as you say can't dwell on it. It is aim after all, win big or lose hopefully not as big :)

[wattzy] 19/4/2010 11:54

A few grand but was quite hopeful this would do well, not a killer fortunately as i had a load of UEN thats now doing well after suspension. Something must be wrong here if they couldn't even raise a million quid or something through a discounted placing.

[moosh2] 19/4/2010 11:49

it's just one company of hundreds/thousands that are out there. as long as you didn't squander everything into it, any losses can be made back easily enough! move on quickly and do NOT dwell!!

and rather than thinking about it as a 'loss', think of it as more of you having given a charitable donation to someone whose dreams you believed in, and while you might have got some return on that, at least you were giving enough to believe in someone's efforts in the first place...and for all the science behind CUS (which appeared to be working), something just didn't work out.

ok....so it doesn't help that much, but it puts a nicer glow on things :)

[wattzy] 19/4/2010 11:45

Very surprised they couldn't get any funding considering the positive points made about there technology and increasing interest during the interims. Just have to hope they sort something out, if the tech is that good.

Disappointed shareholder.

[dolores123] 19/4/2010 11:41

Well they could have given some notice that the directors efforts were not producing funds rather that dump all the shareholders in the sh-t!!!

[gerri-c] 19/4/2010 11:38

So why the slight recovery over the last few days?

[topinfo] 19/4/2010 11:36

*DJ Customvis Plc Statement Re. Suspension

(END) Dow Jones Newswires

April 19, 2010 06:35 ET (10:35 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc.

TIDMCUS

RNS Number : 3908K

CustomVis plc

19 April 2010

?

19 April 2010

CustomVis plc

("CustomVis" or "the Company")

Suspension of trading and appointment of administrators

As stated in the interim results for the six month period ended 31 December 2009, announced on 30 March 2010, low sales performance in the third quarter of the last financial year placed considerable pressure on the cashflow of the Company. It was also stated that the Directors were pursuing various options including the option of raising additional capital.

The options the Directors were pursuing have not progressed sufficiently and the Company has been unable to raise additional funding for working capital purposes. Therefore, the Directors had no option but to place the Company's principal trading subsidiary, CLVR Pty Limited, into administration and to request that trading in the Company's shares on AIM be suspended with immediate effect.

Further announcements will be made in due course.

[robandkerry] 01/4/2010 13:39

I think we have seen the bottom of the recent decline in the price.

[gerri-c] 01/4/2010 13:15

Hopefully onward and upward from here.

[gerri-c] 01/4/2010 13:14

I think the price moved while I was posting so edited post 92 although for some reason my note of 'edit' wasn't included.

[moosh2] 01/4/2010 13:12

errrrrrrrr wot just happened!??????????!???????????? don't care if 8m was buy or sell. it's out of the way. MMs just needed to clear it before the rise up methinks! RNS just quickened the share price down to that level to get rid of it. perhaps. back to square one(ish).

[robandkerry] 01/4/2010 13:12

My post was before that 8 mill showed up. If it was a sell though, they gave good money for it.

[gerri-c] 01/4/2010 13:06

I don't see how one could really call that 8+M especially as possibly filled over a number of days and given the relatively volatile share price over the last couple of days.

Here's hoping the share price is giving accurate indication. ;-)

[fur] 01/4/2010 12:27

Why would that be buy?

[robandkerry] 01/4/2010 11:27

Some nice buys today.

[jaylett] 31/3/2010 13:54

Steep drop on not a lot of volume; about 650k traded across AIM and PLUS. Couple of mid-sized sells (148k and 275k) and down it went.

Jay

[jaylett] 30/3/2010 16:40

If it's serious enough for them to publicly pin the drop in sales to the issue, then it is more than school-boy stuff. The lack of clarity around it is what concerns me, from the previous trading statement I was expecting a huge leap in sales, but that hasn't happened yet. They were again today very bullish sounding, but at some point they need to back that jam tomorrow talk up with cash money in the bank. The shadow of yet more financing hangs over the SP, until they become cash generative this will always be the case.

We'll see how this goes into the summer, I'll continue to hold for now but no longer going to add.

Cheers
Jay