Celsius Resources Share Discussion Threads

[empirestate] 02/3/2011 15:52

hopefully there won't be too many more of those 4.6 mills going through. we certainly need that seller weight to come off.

[davydoo] 17/2/2011 12:57

Go Freeman family !

[empirestate] 15/2/2011 22:52

just need a few buyers to turn up to change the share price direction of today

[davydoo] 15/2/2011 14:40

They've planned to add aircraft since the last purchase in 2008 but havent actually done so, however it may be different now. It was interesting to look at the growth in the cash position, looks like theyve grown their cash by the amount borrowed, at the same time as paying off the mezz finance, therefore i presume they could have paid this off out of cashflow, but by refinancing it gives them sufficient cash to make a purchase, once leveraged up with borrowing.

[gosgos] 15/2/2011 07:42

Agreed and reiterated intent to increase the fleet is also positive

[empirestate] 15/2/2011 07:32

the numbers look pretty good

[davydoo] 11/2/2011 15:34

Interesting turn of events with Mf Global now stating their holding is below 3%.

Wonder if theyre out completly, or someone just decided theyd be better out of the spotlight and went just under the 3% holding threshold

[davydoo] 11/2/2011 07:20

The risk here is they have no growth, no new planes and just see out the existing leases. CLA was intended to be the larger vehicle to win business with other airlines than SKYW, it was on AIM, while AVAP was on PLUS markets, but now AVAP is on lse and has done the deal with virgin, this may not see much action, however this is low risk to me as the value is there in the aircraft assets. I don't see refinancing as an issue, mezz finance is cleared and the remaining equity increases each year as loans are paid down at a much faster rate than depreciation, worst case leaving some old planes to sell when the leases run out.

Best case, AVAP realise there is no point paying additional listing costs for CLA, and no point paying for new aircraft when they can pick up the rest of CLA at a discount to net assets, but i would be surpised (though pleased) to see this back at 30-40p as it never really traded there, it was an artificial price for a long time, due to no trading.

They originally raised equity at 24p, so to me, lots of scope for a deal with upside here, but very low downside, other than risking tying money up away from better prospects.

[empirestate] 10/2/2011 23:39

davy, thx for yr input on this one, it wasn't obvious to me as i bought in having stumbled across them whilst going through the trade volume lists, checked the last financials, quick look at the graph and jumped in on the basis of i like a clearing overhang scenario, the balance sheet looked ok and realised that the big reason for the share price getting hammered from the 60p was down to the co making the statement about difficult refinancing conditions or something like that.i think a clear the air statement should encourage the share price to go to 30-40 in the near term.which would be nice

[davydoo] 09/2/2011 22:28

They never announce results dates, last year it was March, prior two years it was January, but its always been before Avation in the past, which is why i was surprised to see Avation announce their figures last week.

Apologies if im stating the obvious, but we have some new posters here; Whilst CLA is listed, it is essentially a subsidiary of Avation, and Avation reports CLA's figures in with its own totals, and then strips out the minority shareholding (which is us as part of the 49% that Avation doesnt own) Therefore you can look at Avation's results and back calculate what CLAs results are, well the headline figures anyway; sales, profit and NAV.

[lufc5] 09/2/2011 20:53

Emp'. I understood begining of March????

[empirestate] 09/2/2011 20:07

davy, when are these stand alone stats expected?

[gosgos] 09/2/2011 17:34

I obviously should go on holiday more often ;-)

[davydoo] 09/2/2011 11:14

the results are already good, just not released as stand alone results yet

[lufc5] 09/2/2011 11:07

Yes empire and with possible good results soon....
GL

[empirestate] 09/2/2011 09:52

mick, good to see you here, looks like we are all set for a decent run now the weight is off

[harrogate] 09/2/2011 08:30

Well done guys ...I always liked the logic of these at 15p rather than AVAP but thought it might never happen.

[lufc5] 08/2/2011 19:43

Nibbled a few here today.

[empirestate] 08/2/2011 16:37

decent finish here and up with ease. looking forward to some decent progress over the coming weeks or so as it looks clear the weight is off the sp

[carver66] 08/2/2011 16:30

Just joined you for 20000. Good luck all.

[davydoo] 08/2/2011 16:12

I added today aswell, i think this shake up in the shareholder register will be a good thing.

[empirestate] 08/2/2011 15:38

picked up a few for starters today, but the online buy limits are a tad small

[davydoo] 08/2/2011 14:39

I dont think you'll see that price if it hasnt moved at all on 12% of the co. being sold in the last few days.

This situation is very similar to what i had last year at PGC, a very static shareholder roster, virtually no regular trades, then suddenly a big sale to institutional holders and the price shot up afterwards, with no other news.

Im hoping this will be similar, just the attention is helpful, especially when compared to AVAPs continuing rise.

[callumross] 08/2/2011 13:40

I am wanting to buy a couple hundred thousand shares but all these trades at 10p are a deterrent as I don't see why I should pay 30% more than the institutions are trading the stock at. If it heads down to sub 11p I will start buying.