Capital & Regional Share Discussion Threads

[bigbigdave] 19/10/2009 19:31

Also, the spike to 90p is a good guide as to how fast CAL can shift when buyers are interested. Not saying the repeat is going to happen, but certainly wouldn't rule it out.

[cockneyrebel] 19/10/2009 19:17

Exactly - sell just as the chart is turning? The pacey part comes as everyone twig it has bottomed, as they started doing today.

Have a look at the size of the buys today and yesterday - haven't seen the buying of the past two days in a long time imo.

Some high rollers have been getting that note and the buy rec from Friday and they like it imo.

CR

[cockneyrebel] 19/10/2009 19:02

Looking for 55-60p by the time of their Nov 12th update. Asset rises, broker upgrades spell upbeat imo.

CR

[tofur] 19/10/2009 18:55

I closed my position today limit working at 37p. If market tanks i may get the fill.

[hungry wolf] 19/10/2009 17:31

Sold half just in case they play games this week and if they do not, then Earthport has fallen hard and so has Workspace which i can use to make it up.

A profit is a profit but clearly on the rest of my holding more would be good;
pritty please with a lovely cherry on top.

[edward hopper] 19/10/2009 15:31

get in there!!!

41 to sell 41.5 to buy

i wonder if there is another upgrade around the corner.

a real one this time.ie 65p or something and thats just for starters.

roll on the 12th Nov

[1nf3rn0] 19/10/2009 15:19

Bring on an assault on the August high!

[warmsun] 19/10/2009 15:18

L2 suggests we go higher before close

edit, though we got a 322k sitting at 42p

[eater24] 19/10/2009 15:14

41 to buy will it hold

[cockneyrebel] 19/10/2009 15:11

About to breakout through the previous Sep high here imo.

CR

[warmsun] 19/10/2009 15:08

looking good :-)

[edward hopper] 19/10/2009 15:04

looking good 40.5p to buy

i am expecting more upgrades before the 12th of NOV and then full lift off!!!!

[davius] 19/10/2009 08:06

Hmmm, a retrace it is then :0(

[davius] 19/10/2009 07:47

That's 40p done and dusted. Now, retrace, consolidation or further progress? L2 weakened by a 322K sell order at 42p.

[warmsun] 19/10/2009 07:43

Lots of buying this morning, we just need to break through the 40p mark.

[jimmycarter] 16/10/2009 15:39

Nice finish despite Dow falling hard.

[1nf3rn0] 16/10/2009 11:31

"gdasinv2 - 16 Oct'09 - 10:18 - 1779 of 1784

The basic math is wrong seems to be how come the fund is -3% down in avg , if ftse see running 30% up since june."

Probably for a similar reason that your house hasn't gone up 30% since June either. It's not an index tracker fund.

[gdasinv2] 16/10/2009 10:55

Diluted shares........so There is a COLT of shres available - 40p max i m happy

[cockneyrebel] 16/10/2009 10:13

Oh, and on this chart, when they clear 40p they'll start rising sharper imo.

CR

[cockneyrebel] 16/10/2009 10:12

If you actually think about what happened here the only reason this stock is this low is because of the huge rights issue - think it through. The real valu here are the assets and they aren't reduced by the rights because the cash increases along with the dilution (save a small bit of cost in doing the rights). So the assets are up where they were still if prices have stopped falling and today they are showing a rise on some of them.

Prior to that rights issue punters were diving in in their droves, all margined up on CFD's and spreadbets. These guys got caught with a rights that meant they must have been massively long at 2 for 1. So many have been selling down. When you are overweight a falling stock you hate it. But eventually the overhang goes, most are less overweight and then the stock starts to rise. When you're overweight a rising stock you love it, you're less keen to sell - that's where we are now imo, now the chart is starting to rise.

As for JP Morgan - they are just positioning imo. They know these are on the turn I suspect and having a 10p target looks hideous. So they raise it to 40p so that their next target (to 60p say) doesn't look a complete turnaround from being very wrong imo. Ask yourself this - would you realy put an 'overweight' on a stock with a target less than 10% above the current price?

I think the market will be pleased with CAL's IMS in November and JPM are just positioning for that.

I'm buying these here and quite heavy - it's basically one of the only property stocks that's still on the bottom, nearly everything has rallied. They also have some quality assets that are likely to outperform the mkt when they rise imo.

The chart's right here, the asset news from the whole of the sector is getting better and I can't believe CAL are one of the only stocks underperfoming the real estate market here.

Hence I think this is the bottom in on CAL now, with overhang having cleared enough to allow these to rise here out - imo.

CR

CR

[tdoghouse] 16/10/2009 09:52

Davius, I think the other key attraction here is that the funding has now happened here. There has been enough time now for anyone wanting to sell off to do so over the past few weeks. Both reduce the downside risks IMO. So I'm looking for a good return over the next 6-12 months on this one.

[davius] 16/10/2009 09:41

I calculate their investments to be worth £365.6m. The 2008 accounts had them at £245.8m. Of course, they've raised a lot of cash for equity recently.

I find these companies very hard to value, as they have a management portfolio, property and investments in other companies all to consider. It would take hours going through the accounts trying to work out a precise fair value.

Suffice to say that property prices are coming off the bottom, investments are rising, as too the markets, and most of these property companies are lagging behind the recovery. CAL had a market cap getting on for a billion pounds in 2006, against £133m today. It may take a while to see decent value here, but tucked away in an ISA this looks like a safe(ish) place to stick some medium/long term funds.