Celsius Resources Share Discussion Threads

[gosgos] 26/1/2010 22:49

Am in Zermatt skiing but will probably continue to buy on my return - unless I have missed something, volume is still meaninglessly low

[davydoo] 26/1/2010 19:42

CLA are now 17p, and for the first time the value of Avations shareholding in CLA is below its own market cap, which it always should have been, because Avation have six of their own aircraft. The original investors at 24p are now showing a 25% loss, I wonder if Avation would ever offer to buy them back?

[davydoo] 22/1/2010 18:16

Thanks Gosgos, I was wondering who was behind those other major holdings, because this week theyve broken through their purchase price of 24p

[gosgos] 22/1/2010 07:51

I know what you mean but surely the big guys would be against this unless they were being bought out or could see the return in the future. Vidacos Nominees is Standard Life Investments and they have 29.9%

[gosgos] 21/1/2010 17:56

I'm still buying both as I have been over and over the numbers and they are too cheap. May well take 12 months to correct though.

[davydoo] 21/1/2010 16:49

Big drop in the share price today, and again on tiny volume. There must be so few private investors in this one, and if someone needs to sell a few thousand shares, which really isnt a lot of money, maybe theyre happy to take a low price to just move on. I still dont quite think this presents a buying opportunity, i still prefer to hold Avation, especially with Avation buying an A320, and not CLA.

[gosgos] 07/12/2009 11:05

Hi Davydoo
I am also perplexed since it does suggest Avation voted against or else abstained. But if so why was the motion ever put forward unless the share price drop resulted from a different factor and Avation decided that the share price was now too low to justify the warrants.

But if that's true, what has caused the share price drop?

[davydoo] 04/12/2009 19:38

I should have said 2007 warrants at 24p, last years were at 67.5p

[davydoo] 04/12/2009 19:34

Ok ive been thinking about an answer to my own question...

In an effort to make last years warrants at 24p more attractive, and therefore valuable (especially since the share price fall) maybe they voted down issuing this years warrants?

[davydoo] 04/12/2009 19:32

Following the AGM today;

'CLA is pleased to announce that, with the exception of Resolution 5, (Authority to grant warrants and allot shares pursuant to the exercise of warrants) all resolutions proposed to shareholders at the Company's Annual General Meeting held earlier today were duly passed'

How did that happen?

Two thoughts I would appreciate comment on....

If Avation is the major shareholder of CLA, and Jeff Chatfield is the director and a major shareholder of Avation, and he is in line for 1,000,000 options why didnt Avation with its 51% shareholding vote for these warrants to be issued?

and the other thing ive been wondering for a while....

Avation currently has a 51% shareholding, and whilst warrants dont carry voting rights, when those warrants are exercised they will have, and would they then reduce Avations shareholding to less than 50%?

[gosgos] 14/11/2009 11:31

I have been thinking along similar lines. Leaving aside the ethics, though, if the company is worth c.£50m on fundamentals then the shares could rise sharply once options have been granted. They are planning to award 2.2m options and there are 97.8m shares issued. So the implied share price should be c.50p.

Buying at these levels would then seem to make a lot of sense. All speculation DYOR etc etc

[davydoo] 12/11/2009 19:14

Heres a cycnical take on it....

Share options are awarded to directors, and last years options are deep underwater at something like 80p. With the option price set on the date of approval, e.g. the agm, it suits the directors for the share price to be substantially lower.

Im not suggesting anything untoward, its just interesting to note who will be the major beneficiaries of this share price fall, and maybe i should take that as a sign to buy, but id still rather play CLA growth through Avation shares.

I read the annual report again today, and realised over 95% of shares are held by avation and the other major holders whove been involved since the float, therefore the shareprice is likely to move dramatically up or down, on small volume of tradable shares.

[gosgos] 02/11/2009 10:07

I think the most probable explanation is a known large seller. Hopefully just a fund who needs liquidity with the company helping them to find a buyer.

[davydoo] 30/10/2009 18:16

Interesting point about an announcement to the stock exchange, im not sure if they havent because its an aim share, or whether its only required on a share price rise instead of a fall. When ive seen them before its normally been to dampen speculaiton e.g of a bid

I re-read the CLA results today and was interested to note that they are looking to acquire 'leased' aircraft and not aircraft to lease. Its a subtle difference but says a lot to me about the conservative nature of this business, and even though I made the slightly tongue in cheek comment about them having done nothing this year, its important to remember this co is only a couple of years old, and there's many opportunities ahead, and all the while they arent buying aircraft they are reducing their gearing, as they have relatively short term loans compared to the life of the aircraft.

I'd hope CLA can pick off small leases from big players who are looking to be sold, but maybe are too big too swallow whole, e.g. ILFC and RBS Aviation

[sandbank] 30/10/2009 09:22

Nice to encounter some fellow AVAP holders here.

I can't see anything wrong with either CLA or AVAP and am tempted to buy more CLA but the spread is a killer

[gosgos] 29/10/2009 20:03

Hi both harrogate and davydoo
I am in both AVAP (original investment) and now also in CLA. These are both highly illiquid shares and I have bought (not too much) on the CLA drop because I can't see a reason other than a seller sitting in the wings. The results looked fine and I am a long term holder so can sit out the liquidity issue. I am surprised there has not yet been a "we know of no reason for the recent fall" RNS although I am not sure if these are required for AIM. Given how recently the results were released I am betting that this is an anomaly which will correct (upwards) but I may well be proved wrong ;-)

[harrogate] 29/10/2009 18:56

Hi

I follow this because I hold AVAP. There has been no consolidation obviously since they would have had to announce it weeks ago and what would be the point.

They always looked too high and based on the EPS they did it might be about right now ... Not sure but surely the strange thing is the sudden halving of the share price with hardly any trades... I have never seen anything like it

I agree there is no reason that next year should better since no new planes but looks a solid earner. I thought debt was fine given the lease payments they receive

A funny one - I invested in AVAP a while back at 14p and wished I had sold at 70p - You would have thought that AVAP still is the better value but it is PLUS and less liquid.

[davydoo] 29/10/2009 18:39

Can i raise a few points...? everyone seems to have been making bold one liner comments, but id be interested to know more on your thoughts

Why has it got to be a consolidation? Do you mean a 1 for 2 consolidation? because i dont see any benefit from doing that, and they would have had to announce that to the stockmarket.

Why is it a crazy fall? Maybe the share price before was crazy, especially if you compare it to the share price of its parent Avation plc. This share didnt get a single trade for months during the summer, so it wasnt a reliable price.

Why is it going to do well over a year or so? They haven't added any new aircraft this year despite having the funding in place, so what is it you think will make this year different?

What do you mean Debt Situation? One really good thing about this co. is the terms of their loans match the terms of their leases, so no worries about rre-negotiating debts mid lease.

Any addtions to your comments would be much appreacited, because im trying to understand whether to invest in CLA directly or through Avation.

Many Thanks

[double6] 29/10/2009 13:00

Is the Debt situation going to rear it's ugly head ??

[qs9] 29/10/2009 09:26

Am in today. Very small, but should do well over year or so.

[pre] 29/10/2009 08:16

extract from results just posted 2 wks ago....looks good to me:

'We are pleased to report that your company, CLA, has continued to prosper and
has weathered the turbulence in the aviation industry. Our consolidated net
profit after tax has increased 400% to GBP 3.2m. Earnings per share are 3.32
pence and the Balance Sheet of the group has been strengthened with an
augmentation in total assets to GBP 64.6m and Net Assets increasing to GBP20.4m....'

[pre] 29/10/2009 08:07

..yep crazy fall....should climb back up....

[zchanl1] 28/10/2009 21:29

Got to be a consolidation? No bad news as far as I can see...

[double6] 28/10/2009 20:37

No big sell yet declared - something brewing in the background ??