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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Connaught | LSE:CNT | London | Ordinary Share | GB00B139BQ35 | ORD 2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 16.65 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 16.65 | GBX |
Connaught (CNT) Share Charts1 Year Connaught Chart |
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1 Month Connaught Chart |
Intraday Connaught Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/8/2015 | 23:29 | Connaught plc | 5,229 |
| 17/9/2010 | 19:22 | *** WARNING *** Sell CNT while you still can ! | 29 |
| 08/9/2010 | 11:05 | Do Topps Tiles (TPT) supply to CNT? | 1 |
| 07/9/2010 | 09:33 | Connaught - director dumps yet again | 4 |
| 23/1/2007 | 15:05 | Connaught Plc - An Analysis | 253 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 10/9/2010 09:43 by greater things are yet to come >>>>>>>>>>>>>>>>>>>>david.susies - 10 Sep'10 - 08:24 - 5065 of 5074 Does this mean 140M (shares in issue) /28M (price paid for company) = 20p per share? YYeeeessss, less the debts, administrator fees/costs etc etc etc = to around minus 20p per share ! Will you pay 20p per share you hold to the adminstrators and country for the debts your holdings have incurred upon the system ?? 0p >>>>>>>>>>>>>>>>>>>> Boffster - 7 Sep'10 - 22:54 - 4936 Why how constructive of you boffster to waste such time. That'll change the entire country and system will it ? LOL !!! Clearly you were one of Gordon Browns most loyal followers.. LOL ! Remain clueless and Blind to the Truth. >>> 0p, along with all the other russian roulette sets dogs of the corrupt LSE casino markets for addicted gamblers attracted to the same, losing all their "borrowed" money on stupid spread bet gambling.. PET, RPT, SCHE, TAN and so so many others all on the same path... LOL sapper2476 - 10 Sep'10 - 08:48 - 5073 Yes more or less. Its called Wealth redistribution. Read The New Economic Disorder by Dr. Larry Bates. CNT is just a mini example of the banks, construction firms and more recently Oil giants like BP. (Over 75 Billion stolen from the mcap value or redistributed. To who in their case ? EXXON and the US as Exxon soon will emerge with their 500p per share bid to steal the rest of BP.) The entire system being headed for 0p, except for the 1% who are collating your wealth and money. Current price of Gold should be a clue. Following the armegeddon collapse very soon, Gold will jump to well over $3000.. Only Gold is real money or finance. And only real paper money in your possession is money spendable now. Everything else, especially shares held is fleeting worthless value, which as proven in CNT can go from 320p to 0p in less than 4 months. When the economic collapse commences very soon all markets and equity holdings will lose 35% to 60% in so called paper value within 1 to 4 days. The system having at best until around mid 2011 to perhaps late 2012. Trying to make so called money from shares is a never ending mirage of deception... If all that has happened since September 2007, through 2008 and 2009 hasn't been enough to warn you to get out of the markets whilst you still can, then clearly nothing will, until it is too late when everything collapses completely very soon. |
Posted at 09/9/2010 11:52 by via con FWIW from FTSUPPORT SERVICES News analysis Investors count cost of Connaught gamble Many of the City's biggest investment funds were among those who suffered the biggest losses, writes Alistair Gray The retail investors who piled into Connaught stock shortly before the company went into administration can console themselves with the knowledge that many of the City's biggest investment funds were among the biggest losers from its demise. KPMG were appointed administrators of the property services group on Wednesday and warned of possible job losses at Connaught's social housing maintenance operation, which employs 4,400 people. People close to the situation said that although the compliance and environmental divisions had avoided administration and attracted interested from possible buyers, Connaught shareholders were unlikely to recover any value. A Financial Times analysis of figures provided by JunctionRDS, the data provider, shows that several well known institutional investors had already endured multi-million pound paper losses. Large institutions such as Fidelity Investments and Aviva Investors dominated the shareholder register as the share price fell by 66.5 per cent within three trading sessions after the FTSE 250 company issued its original profit warning in June. The biggest shareholder was F&C Asset Management, which was demerged from Friends Provident last year. It was sitting on an estimated paper loss of £18.6m three days after the profit warning. Scottish Widows Investment Partnership, one of Europe's largest asset management companies and part of Lloyds Banking Group, took an estimated hit of £13.8m. The demise of Connaught also highlights the dangers of passive investment strategies. The tracker fund run by Legal & General Investment Management, the UK's biggest shareholder, was one of the few institutions that remained a top 10 shareholder as of the start of September. Many professional shareholders bailed out in the days and weeks after Connaught's first profit warning as the company replaced senior executives and drafted in Deloitte to conduct an independent review of its accounting practices. Indeed, Barclays a member of a lending syndicate led by the Royal Bank of Scotland sold its entire debt exposure of £19m for about 37 per cent of face value. Although the company blamed its original warning on public spending cuts as councils deferred projects to improve their social housing stock, it soon became apparent that Connaught's problems were company-specific. Rivals such as Mears insisted they had not experienced similar problems and analysts said the problems at Connaught were more down to contract mismanagement. Many institutions saw the writing on the wall over the summer but thousands of individuals willing to take a punt piled in. Retail stockbroking houses acting on behalf of their clients bought the vast majority of the shares. Still, Guy Knight, director at the Share Centre, says it is unfair to characterise retail investors as significantly less canny. "They are disadvantaged in terms of access to the company. If you have a big shareholding, you're closer to the immediate news [source] as opposed to a retail investor who has to rely on the regulatory news service." Among the individuals nursing heavy losses is Sir Roy Gardner, who became chairman in May. He spent almost £500,000 buying shares at 314.8p in the days after his appointment. |
Posted at 07/9/2010 13:02 by katsy Sorry to all holders here. Don't know much about CNT but how can a company that was worth £500m and an all time high share price less than a year ago that also paid a divi earlier this year go from that to zero. Is it because of the banks not lending or what? |
Posted at 07/9/2010 08:51 by comedy well if rok is getting the "business" then not much effect on share price .the mm's have marked it down and widened the spread...just to really make you take a big risk either way...so guess nothing happening there until cnt is resolved...just wait now guys..we have had the decent guys on...we have had the gloaters on...next will be the ones on telling you , you can make your money on another hot tip...i'l start the ball rolling...lol no i wont...just hope most who were tarding it made a decent amount over last 4 weeks...so not losing much capital...had a little bit left here and was looking for another entry point so more luck than anythingelse that didnt have tied up more cash here. gl all hope it works out for us all |
Posted at 01/9/2010 18:49 by swaganeer Lins, keep your head in the sand then. It retraced when I said it would, as Warwick acknowledged.Mel: on the contrary, I let profits run in boring stocks but this share excites so much greed and fear one has to take profits at the peaks - which I did today. Very satisfying to jump ship before a dip, would have been a perfect day had it spiked down to fill my 16.5 buy order. Hoping to re-enter CNT tomorrow at a lower price than today's closing share price Good luck to all you CNTs, no matter what your trading/investment strategy. |
Posted at 31/8/2010 15:09 by pieceopie Hey AnticSuspension of the share price would not necessarily happen immediately, a company will hang on to the last before it gets suspended. They will try and sell arms of the business and refinance. In the meantime money is still being spent and if a deal doesn't happen then it will be time to throw the towel in (but I don't think just yet). News articles says there is interest in parts of the business but the acquisition proposals might be at fire-sale prices. The banks will be trying hard to offload the debt and will having a hard time doing so. If refinancing is going to take place it may have to come from many different parties which takes a lot of time. Currently the market cap is 20m which for a company that is losing lots of money? How much we will see soon... "This now indicates that the Company will record a material loss at an EBITA level (including current year exceptionals) and will be no better than breakeven at an adjusted EBITA level for the current financial year to 31st August, 2010. At the same time we are reviewing the segmental presentation of the business." Restructuring, break up of assets and... "In addition, the Company also anticipates making provision for future losses on current contracts in its results for the financial year ending 31st August, 2010. In the context of its reviews, the Company also anticipates that it will make significant write-downs in respect of the carrying value of assets as at 31st August, 2009, the previous year end. This is before taking account of the impact of the ongoing assessment into the accounting policy for mobilisation costs." So do we know how bad yet? write-downs and a very hard time refinancing - If a company is making many millions of losses the 20m MkC might look a bit pricey. It has lost a huge amount of value off the shareprice but we don't know how deep the hole goes yet. I could be wrong (no guarantees of course) but just on the FACTS in hand I think this can sink some more for sure. Pie |
Posted at 31/8/2010 14:35 by antic177 Pie, you make good points. However do you not think the awful balance sheet has already been taken into account with the huge drop in share price that has already happened. In my opinion the reason for low volumes is because there is no value in shorting these shares now as they will probably either get suspended, (therefore you cannot realise the profit of shorting) or the share price will shoot up very quickly with high volumes until there are enough sellers again to find a reasonable value for this share. As you've seen the smallest bit of news can send these up very quickly. Surely this means most of the risk bar suspension is to short this. IMO & DYOR |
Posted at 31/8/2010 13:55 by pieceopie Some broad statements..."I was waiting for >10% share price move and >10m trade vol as sign of leaked news. By the end of today we should have this" Thanks for confirming there is leaked news! and giving us the time when we are going to find out about it :) chuckle What is such confidence based on??? Merely a small rise from and article and people buying into that rise is more likely. I shall not buy into a supposed rumour, leak or the emperors new clothes - With the banks selling out at a 1/3 value and the time it takes to negotiate deals I very much doubt you are going to hear anything at the end of the day. I have shorted this as although at some point salvation might come, in the near term you will be looking forward to a very ugly balance sheet and in the near term a fall in the share price. Just my view of course, but GLA ;) Pie |
Posted at 25/8/2010 16:11 by caledoniaman1 Nearly 3 weeks since we have had an RNS from the company to update the market / shareholders re funding etc - during this time the share price has more than halved, never mind the huge drop from over £4 a share in October 2009 (only 10 months ago !!). Anybody care to work out how many percent the share price has fallen since then ! - answers on a post card ;) Unbelievable carry on - meantime contracts probably being lost or jeopordised on a daily basis. |
Posted at 22/8/2010 14:27 by comedy propane i'm not telling anyone to buy... and if shorting is happening which seems likely with the posting...plus the share price action all of last week has the action of someone pushing the share price down each day from afternoon onwards...then in the morning there is a mini bounce and then the process is repeated again in the afternoon...which has happened all of last week and brought share price down to fridays close...now question is...is it the funds selling the rest of their shares which has pushed share price down and will we get holding rns next week showing they are no longer have any stock??? or is someonelse shorting it with either the game plan cnt is going to be finished? or trying to keep share price low to take a big stake for recovery? plus as i dont short and gone with the hunch cnt will survive..so my best interest is let the shorters short and no one buy and share price hits a new low...take another decent amount and top slice the bounce...and hold the "free shares" for long term recovery...we seem to be getting a repeat of jan 2009 in certain stocks.. ps 1 thing is certain cnt survive and the owners of stock will have a multibagger from current levels....also the silence from the company is deafening and imy hunch is this week we will get at least 1 rns which will have to give funding for next month or not...so d-day approaches... lol now you know why i am here...question is why are you here??? last time round the shorters crying the most switched and went long and then sang long and hard how they had made massive on the short and now were making on the long...??? |
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