The court case has concluded with Novacyt pleading guilty to charges in the Magistrates Court, clearly there will be no repercussions for CNSL which is good news.
The current share price is an anomaly, around this time last year the share price rose from 2.7p to 4.1p based on the trading statement relayed in April.
Remember the BOD has implied that the 2nd half trading (ends this month) will be strong.
Expect to see some share price recovery over the next week or two. |
Cantor Fitzgerald ups its stake in CNSL to 6.1% up 0.89% |
 The Court hearing is scheduled for Tuesday.
There have been changes to ownership of Omega (obviously) which affected the Axminster Lab, which Omega SW used. That lab is the subject of the HSE case. At the time Omega were a Scottish company from near Sterling, and there was a corporate reorganisation at Omega which affected the Axminster Lab they used (sold to Novacyt and closed by them at the time, as well as the legacy Clackmannanshire operations of Omega). One of the two other parts of Omega Diagnosis Plc was a diagnosis service for HIV samples (Visitec) which Omega made the decision to close, and to concentrate on the Covid Lateral Flow testing. In 2023 the name of the company was changed to Cambridge Nutritional Sciences together with a failed attempt to consolidate shares and raise funds in the market, and Chris Lea the Scottish FD left.
I don't think it is necessarily relevant that Omega SW is a defunct Company as far as HSE is concerned, but I agree with posters who have wondered why their charge was ever the subject of a RNS.
We might know on Tuesday, and perhaps HSE might have clarity on which of CNSL or Novacyt was the responsible operator of the Devon lab. Both companies put out RNSs, surely one of them is in the clear? |
I has bought a wee few |
I see the games continue here, a plethora of daily tiny sells to depress sentiment and attack the bid and then BOOM, a 500,000 share buy appears, been going on for 18+ months.
The question is are these trades simply washing exercises or is someone, as I suspect, stake building.
The company is atrocious at PR, truly atrocious, the interim CEO is still 'interim' despite being in place 6+ months now, the last online event was rushed and unprofessional, just 2 a year.
The company seems designed to be acquired, very thin executive suite etc, one morning will we see 'Offer for CNSL'
Cavendish have been quiet however their 10p target price remains. |
The recent purchases of shares by CNSL non-exec chairman, Caroline Rand were quite low value.
But I noticed today, she spent £4,000 buying shares in PCIP, where she’s a non-exec director. So for all we know, she might have a portfolio of quite small shareholdings in quite a few stocks. |
I wonder when the company will announce what is happening to the summons to a former and now defunct subsidiary. |
Been looking at this and deduce it is cheap, noticed the price tends to bounce hard, last Feb from 2.75p to 5.25p and more recently 2.9p to 4.15p.
Plenty of cash, no placing worries either.
May take £10k's worth shortly. |
It is VERY quiet here, exactly the conditions for a strong price rally on modest buying. Remember CNSL has £4.5m cash, revenues £10m, increasing margins & EBITDA profitable, current m/cap just £7m ?
Spread Betting and how lucrative it is on very modest price movements, there is no doubt in my mind the share price of CNSL is being manipulated to accommodate bets to the downside.
From the post (below) you can see how much money can be made from small moves in price, no doubt shorts here were opened again when the shares were trading around 4.2p a month ago. A £1000 a point bet would have generated a gross profit of £110,000 or £90,000 net currently.
No wonder the bashers are working overtime on LSE day and night and deeply fear buyers of size.
Those big buyers (mentioned below) will come soon enough !!
RBonnier - 6 Feb '25 - 21:31 - 180 of 198
Just to show how lucrative spread betting is.
Todays attack of 375000 KDR shares saw the mid price crash from 1.1P to 0.95P = 15 points at £1k a point that's £15K minus the loss on the shares £1875 leaving a tax free profit of £13125 for 20 seconds work !
They will do the same tomorrow until it's got low enough for the big buys to arrive to leave the spread bettor in a losing position. |
There is absolutely no doubt this is being shorted via Spread Bets, it is a lucrative play and almost guaranteed profit as they select low liquidity companies, this stock is easy to manipulate down on very small monetary value sells, they often trade £1000 a point so a .25p move down would give them £2,500 pure profit as an example.
These entities are always afraid of a left field event which could wipe out their profit in moments, unfortunately this rarely comes as often as it did recently when the company announced settlement with the Government leading to a 1p spike in the shares, the bulletin board bashing became hysterical soon after.
The above said, the other thing they look for are support lines in the charts, this will bring in buyers and, again, it would wipe out their gains.
Currently CNSL is approaching a very strong support line and buyers are possibly poised, if so you could see a 20%/30% move PDQ.
The current share price bears no reflection of the company's inherent value which is way higher, the drop from the recently attained 4.2p has been down to the aforementioned manipulation and exceptionally low volume 'sells'
There is money to be made from the upside now. |
Manipulation continues.
Today's volume so far 24,000, 6 tiny sells spaced over 4 hours, one at the opening bell for 29 shares !
It's so blatant. |
It is also interesting that on both bulletin boards, here and LSE, there have been no new posters for a very long time despite the occasional large buys that appear.
So who is buying these traches of 100k/200k/250k blocks of shares that sometimes appear in batches or an individual trade.
For a company so under radar surely new investors would want to contribute to debate but not so.
Something else to add to the mix concerning takeover speculation and stake building. |
Someone has just snapped up 250,000 shares timed almost exactly as they dropped the price.
Kind of confirms the recent debate about possible stake building. |
Wbodger
I have only just viewed your post, I am convinced a bid will come for CNSL, if you were a prospective buyer (probably an industry player) you would want to build a decent holding, this could be done via Nominee accounts.
It would take time to build a stake of, say, 10%/15% without alerting the market, 15% would equate to circa 35m shares for example, to acquire a position of this size could take 12/18 months, they could also approach larger holders to build their book.
The bashers over on LSE are working 24/7, any positive post is instantly attacked and regularly spammed over, this is not normal for such a small company, someone is behind it.
As for the eventual take out price, well hard to say, the broker has a conservative target price of 10p a share, it would value CNSL at £24m however such is the manipulation by 'the market' the price has been contained in a range of 3p to 4.75p for a very long time.
In the recent podcast management described their products as world leading, it is clear any offer would need to be priced closer to the 10p/15p a share range to warrant serious attention. |
This is now very much back in the buy zone, I have noticed what appears to be price manipulation going on here, when buying demand comes in they are quick to shut off online and widen the spread hoping to quell demand.
The sector has seen a number of takeovers recently, a number of peer groups have seen their share prices near double in short time
The company is doing all the right things, tight cost controls, higher margins, carefully managed expansion and improving financials, the near £5m cash position is excellent.
The current EV for the whole business is just £3m which is ludicrous, it is a nigh certainty this is a candidate for takeover.
One morning I suspect you will see a RNS stating 'Offer for CNSL' |
We need a wealthy private investor to build a substantial stake to move the share price higher. |
The goings on here re the trading activity, wide spread + apparent shorting by various entities need to be investigated in my considered opinion.
How can it be that a Spread-bet company and a market maker are able to close their position one week ahead of news regarding settlement of the Government dispute that allowed the company to return £2.5m back into its treasury, a nod and a wink come to mind.
Now if the above was not bad enough the process seems to have started again with small well timed 'sells' hitting the bid knocking the price lower.
A good CEO would be getting onto the company broker to find out who are behind these activities, you can be darn sure this 'selling' is not coming from CNSL shareholders.
It is obvious that entities are shorting this via Spread bets and CFD's, note the bashers working over on LSE 24/7, they are there for a reason.
The whole matter stinks, in the meantime the company remains hideously undervalued, only a matter of time before the short positions get burnt. |
Zak Mir's prediction is 5 p at the end of February (correction of my previous post 514 saying 5 p by the end of next month). He is right most of the time. |
Carolyn Rand doubled up yesterday. |
Link please? |
Zak Mir has today predicted that the share price will rise to 5 p by the end of next month. |
This is one of the cheapest stocks in the entire LSE. Safe and sound with plenty of cash and a growing business. |
They are now asking 4.2p for size verses the 4p offer price. Always a good sign. |
Gentlemen
The Gracious Fellow does not usually take note of broker waffle however Cavendish have to be complemented on their excellent research, they retain their target price of 10p per share in the last note.
Recent director buying is worthy of comment also.
It does look like the stock price is poised for a move, that move could be dynamic as the market anticipates a very positive H2 and growth ahead.
A material revaluation of Cambridge is imminent. |
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