Share Name Share Symbol Market Type Share ISIN Share Description
Candover Inv. LSE:CDI London Ordinary Share GB0001713154 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 120.00p 118.00p 122.00p - - - 40 06:33:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.2 -15.5 -70.0 - 26.13

Candover Investments Share Discussion Threads

Showing 776 to 799 of 800 messages
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DateSubjectAuthorDiscuss
26/9/2017
19:29
I've no idea why they are still holding, but the mis-management of this former successful investment trust has been incredible. The Board of directors and investment manager must surely look at themselves and think, how did we screw this up so badly? Oh well they got paid, so no doubt not as painful as it could have been...very unlike us poor shareholders who are incredibly still waiting for the first return of capital. They have got everything wrong so far!
topvest
26/9/2017
14:55
I see now why CDI are a weak market - Parques Reunidos down 20% since the 30th June valuation - and still falling... NAV would seem to be back from 156p to 128p (before any tax loss credit), so CDI surely have further to fall if PR doesn't swiftly recover!
skyship
29/8/2017
14:04
I can't I'm afraid.
tiltonboy
29/8/2017
13:18
are you allowed to cut & paste it?
manfrommoyse
29/8/2017
09:44
Interesting note from WINS this morning which talks about the possibility of "significant" value being realised from the tax losses.
tiltonboy
23/8/2017
19:20
https://seekingalpha.com/article/4064040-belgian-based-groupe-bruxelles-lambert-buy-25-percent-discount-nav Recently, GBL bought a 15.0% in Parques Reunidos Servicios Centrales for €208 million. Parque manages leisure parks in Europe. The stock is traded in Madrid. 50% of the common stock is held by Pargesa (OTCPK:PRGAF) and 52% of the voting rights. I've written on these companies in the past. It is quite a web of holding companies spread across the francophone world. Pargesa is in turn controlled by the Desmaris family and Albert Freres. These families control entities through Canadian based Power Corp. (OTCPK:PWCDF) (OTCPK:POFNF).
manfrommoyse
23/8/2017
19:19
I would think (hope!) 1) Ironsides Partners will think like us. They hold a v. decent chunk of these. 2) Admin costs will be minimal cf the last 6mo, no Arle payments, no finance payments. However we should have had a projection. 3) Parques continues to hold its own. It is not particularly correlated to the IBEX Today for e.g. IBEX 10,338.10 -0.69% PQR 15.99 0.28% If Maybot could conspire to sink the £ for 6mo that wpould be handy 4) They find a big buyer - GBL, a Belgian holding company, bought a stack earlier in the year, sadly not from us. some other fund investing in Europe might be interested. hell, I'd do the rounds myself for nothing. However, it is irritating they have made no apparent effort since the lock-up expired. Shifting even a few at close to market price would have cemented the idea they are bought into the stated strategy. Is an AGM in the offing? I fancy a free drink and a bit of sarky sniping at the management!
manfrommoyse
23/8/2017
18:12
Yes, getting miffed myself. £1m of admin costs every 6m is ridiculous. What are the directors doing other than spinning this out? We need the last investment sold by the year end and costs brought down to virtually nothing. They seem to be gambling on the timing of the Parques exit which is very risky for a £30m holding. Just sell now, before the markets crash. If we don't at least get £1 back I think you have to ask the question just how the directors and Arle made such a pigs ear of this realisation strategy. There are 3 winners. Arle, bond holders and the directors. Shareholders have lost almost everything. Think there is the likelihood of only a partial return and a new life, but it needs sorting and quickly. They have had far too much time already. See Expro is down to nil now...what a surprise. Not impressed at all.
topvest
23/8/2017
08:13
not too bad.....exchange rate has run in our favour. Arle sold a huge chunk of shares in Jan in one go, not gradually into the market, (I think it was Jan) at about a 6% discount. Candover assessing options to maximise return so assuming -6% worst case we have a useful margin of error over Parques quoted price and Euro exchange. Fair value at 140 as I write, I'd say. May top up if I can get at that price over next couple of months. I would suggest Parques will be sold by year end or else major shareholders might get a bit miffed (not to mention the little chaps!)
manfrommoyse
23/8/2017
06:37
156p NAV it is then. Disappointed that the wind-up still seems some time off!
tiltonboy
22/8/2017
15:44
I would be amazed if it was anywhere near that level.
tiltonboy
22/8/2017
15:27
Just copied it from Morningstar - seems to keep going up
luckymouse
22/8/2017
15:22
Interested to see how you get to that figure LM.
tiltonboy
22/8/2017
14:53
Estimated Nav 193.65 Discount % % -26.16 12M Avg Disc % -28.20 Last Actual NAV 163.00 Latest NAV Date 31/12/2016
luckymouse
14/7/2017
17:05
yes steady eddy
luckymouse
13/7/2017
14:19
Perhaps a little credit should be given for holding on to Parques Reunidos. The share price has been quietly ticking up recently.
tiltonboy
01/6/2017
09:29
Est nav is creeping up Estimated Nav 174.22 Discount % % -21.51 12M Avg Disc % -32.17 Last Actual NAV 163.00 EDIT: Est Nav now 178.90
luckymouse
23/5/2017
14:21
So, they still hold Parques Reunidos (why?), and no details of their plans for the holding. Would love feedback if anybody went to the meeting, and got any sense out of the board.
tiltonboy
13/4/2017
23:56
Daily tech target is 154 (curr est nav 156) - weekly target 168 - there is a gap at 168 also
luckymouse
13/4/2017
19:55
I think this sale will be Arle's own holding or, more accurately part of it. They held 37ish% if I recall. The point remains though, a value investor was prepared to pick up a wedge at pretty much market price (assuming the message is accurate). I was mentally prepared for -7p finance closure, 10% d/c to the market and then delist and wait for the bits and pieces. As long as € and PQR hold up CDI still look value. PQR closed up 2% in a declining market today, as far as I could tell on no news other than Arle's sale.
pscambler
13/4/2017
15:03
I would very much hope so! No announcement yet...hope I wasn't being presumptious!
tiltonboy
13/4/2017
15:03
I ask because in Feb Arle reported as ceasing to be a holder (2nd bullet below). Maybe they acted on behalf of Candover and other shareholders? No RNS from CDI suggests they still hold FRB | Fri Mar 10, 2017 | 12:23pm EST BRIEF-Arle to distribute 26.76 pct of Parques Reunidos among its investors Parques Reunidos Servicios Centrales SA : * Says Arle Capital Partners Limited (Arle) will distribute the shares of Parques Reunidos among its investors * Arle will cease to be direct or indirect holder of the company's shares * Currently Arle manages funds holding 26.76 percent of Parques Reunidos' outstanding share capital * The shares to be distributed among about 150 institutional investors and Candover Investements Plc to receive about 2.5 percent stake in the company * The distribution of shares is expected to take place in the second quarter Source text for Eikon: Further company coverage: (Gdynia Newsroom)
pscambler
13/4/2017
14:56
are these part of the Candover holding or held by Arle separately?
pscambler
13/4/2017
12:15
That sounds about right.
tiltonboy
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