Cellcast Share Discussion Threads

[topgunns] 03/6/2010 15:48

Just bought some more. 4.25p to buy.

For chart purposes, the close is important.

[burgerbarwomen] 03/6/2010 15:43

nickcduk


1) I wouldn't expect them to say anything else.

2) Even if true, it means they don't expect current trading to generate enough cash to fund those 'opportunities'

3) So you agree that the BOD don't expect current services to generate an meaningful cash in H2? Why else flog off CAH?

The BOD can now use CAH as a cash cow for years to come... keep the wages coming in... maybe introduce a new bonus scheme for key employees?

[cockneyrebel] 03/6/2010 15:38

Not a word from HateTrader hardly lol.

He'll be out - reckon he'd sold most of his shares before today - in there for a punt in case these came good - reckon he's helped kill the price today.

I did say the management here are shysters imo. Learned my lesson years ago here - we all make mistakes - but when you do then learn from them imo. It takes director changes for boards to behave differently imo.

CR

[watchout2] 03/6/2010 15:38

I decided to take a 50% profit on my last lot.

Nothing wrong with results at all, just figured i could make more money
using the funds for day trading other pennies.

Was a 150% gain at one stage but never mind.

[nickcduk] 03/6/2010 15:36

The results state the investment is for additional ventures in the UK and other territories. It doesn't say it requires cash to keep the UK businesses going.

[burgerbarwomen] 03/6/2010 15:29

nickcduk - 3 Jun'10 - 15:20 - 3008 of 3008

-----------------------------------------------------------

DON'T YOU READ THE RESULTS - THEY INTEND PARTIAL SALES OF CAH TO KEEP THE UK BUSINESS GOING! THAT IS THEIR EXIT ROUTE!

THERE WILL NOW BE NO CAH GOLDEN GOOSE - JUST ACCEPT IT.

IT ALSO IMPLIES THAT THEY DO NOT EXPECT CELLCAST UK TO GENERATE MEANINGFUL CASH IN H2.


It is clear that the group has a substantial unrealised value in its CAH investment (which is cash neutral) and it is the group's intention, where possible, to make further partial realisations of this investment to provide funding for the group's additional ventures in the UK and other territories.

[nickcduk] 03/6/2010 15:20

1st quarter is the quietest period of the year for CLTV and therefore it was no surprise it was loss making. April and May were profitable and they expect that to continue now that they have begun to monetize their investment. CAH is doing well and has had more interest since winning its award. An exit route could be floating it off in India and no doubt it would get a pretty good reception and valuation over there. There is no pressing need for a cash raising exercise.

[rb1206] 03/6/2010 15:17

bbw : ur post 3005.

Kill the Golden Gosse. Heard the story but see it for first time i guess.....lol!!

[burgerbarwomen] 03/6/2010 15:07

Bid now only 4.25p... I wonder what the Analyst is thinking now?

Glad I dumped early doors.

'The first loss is the smallest loss'

[burgerbarwomen] 03/6/2010 14:55

Yes but did Guy Thomas invest in CAH in the expectation that the BOD would sell off the asset in parts, in order to run UK division?

Guy?

[rb1206] 03/6/2010 14:49

bbw ; I don't think Guy Thomas Invested here on 09 results basis. I think he must have looked other factor and 2010 is where things MAY change and Interim results will be THE KEY. We knew what was in CLTV 09 and CAH 09 results. Now as CLTV have said Q1 OF 2010 was loss making, now this is may be the turning point, April and May were Positive and this will continue for rest of 2010 and CAH is doing well in first half and will be for rest of the 2010. How WELL....now that will be revealed in few months and thats what Guy Thomas reason is for investing here. Till than CLTV may drift around........IMHO...DYOR.

[burgerbarwomen] 03/6/2010 14:31

Wonder how Guy Thomas is feeling now?

[rb1206] 03/6/2010 14:12

Results are okish, cost of sales gone up to 17m, but I will wait and see how much did they pay to SMS and Tele, these two companies belong to main Directors, so indirectly money going to Managements pocket and they never been clear abt that. CAH is I guess main reason most of us were getting excited and Management have inidicated their intentions regarding that and I didn't like that. As I said yesterday, its CLTV management we are dealing with always expect worse and they will never disapoint. I think burgerbarwomen is right for saying,"CLTV can now keep going years, just on the gradual sale of the CAH assets... but be warned the primary objective may well be to simply keep trading and pay wages now" + take out what they can and by any means.........imho...dyor.

[topgunns] 03/6/2010 13:48

I don't think anyone can explain two 50% share price rises and subsequent falls in two months.


The results were fine.

[burgerbarwomen] 03/6/2010 12:27

Headstart also have 2.5m warrants which are available to convert at any time at 2.75p.

Historical employee share options are also due to be converted in July (available) at 2.75p.

So with no reason to rush in and buy, I expect slippage... maybe 3p to 4p. Beyond this I don't expect it to fall any further but won't be buying for reason stated previously.

I feel sorry for the large holders... yet another lesson to keep positions in small caps below 200k.

[burgerbarwomen] 03/6/2010 11:02

MetaphysicalMan - 3 Jun'10 - 09:30 - 2996 of 2997


I do think that what they do with the money from any sale of CAH is going to be a crucial issue for shareholders - I think many would like to see it be paid out to shareholders rather than retained... we shall see...


Metaphysicalman - you need to read the results statement again. Clearly, CLTV are stating that the business will need further funding later this year (Headstart need paying off for starters) hence the partial liquidation of CAH to get working capital.

Certainly not what I invested for... and therefore it comes down to the basics, do you trust the management to run/make a profit from uk/overseas... well historically they've not been able to do this.....so I'm out.

As for some kind of special dividend... forget it, the BOD's intentions are clear.




It is clear that the group has a substantial unrealised value in its CAH investment (which is cash neutral) and it is the group's intention, where possible, to make further partial realisations of this investment to provide funding for the group's additional ventures in the UK and other territories.

[metaphysicalman] 03/6/2010 09:30

Some people have previously complained about the directors... I guess one thing we can judge from the share price action over the past few days and today is that at least they aren't "leaky"... clearly the market was expecting better...

So where do we stand now? A profitable UK business (albeit the likely annual level unknown), a stake in a very profitable Indian business (albeit the future growth trajectory is unknown), OFCOM likely to be killed by the coalition in the bonfire of the quangos...

I'm more than happy to hold.

I do think that what they do with the money from any sale of CAH is going to be a crucial issue for shareholders - I think many would like to see it be paid out to shareholders rather than retained... we shall see...

Regards
MetaphysicalMan

[topgunns] 03/6/2010 09:17

5.4p close

[philjeans] 03/6/2010 09:17

Last year was all about investing in next year; results were as expected.

CAH essentially becomes our cash cow; primarily from regular and rising dividends but also, we learn, from the gradual sale of our minority holding.

So; we see the UK become profitable every month this year; we see further regular and growing divs from CAH and say, we receive £1m, for example, from sale of a further 5 or 10% of our holding, for which we paid £650k for the 37%!!

Sounds all good to me.

[tivoliworldgaming] 03/6/2010 08:55

Mercator Gold is a great tip you gave me at 2.75p, since like you I managed to averaged down at 1p. Should see some action there today, as you said before they are worth about 8p on paper.

[watchout2] 03/6/2010 08:51

Is that like all the punters you sucked into Sty !

Incase you are blind (you clearly are), i tipped this stock at 3p and
no matter what it's done since the price has always been in profit, even
50% up now at 4.5p bid which looks to recover as i write.

Get out of that one, a "dog share" that is 50% up ???

[topgunns] 03/6/2010 08:50

Have to hold for 3-6 months for any rewards. Half year will be end of September. Then trading update December. February for CAH associate results.

I thought the results were as expected.