Centralnic Share Discussion Threads

[doobz] 10/5/2023 16:28

Been on this a good couple of years to come good, maybe that's not very long in your view. Just growing more concerned were back down here for no good reason

[deanowls] 10/5/2023 15:27

Guys your patience is super thin.

[boadicea] 10/5/2023 14:26

This has some signs of being softened up for a cheap takeover offer. I doubt that it is all due to disappointment about lack of a buy-back announcement.
Didn't RTD or NSB (can't remember - it was 12-15 yrs ago) have an unexplained dull period before being taken over? Not to mention VEC and recently SUR.

[doobz] 10/5/2023 11:26

Thanks Adam, Monday is the cut off day for me. If we see no buyback or strength on the back of it I'll be out. Not worth the frustration anymore

[adamb1978] 10/5/2023 10:29

Exchanged messages with the CEO: he feels they're barred from making any decisions re the buyback as at present they're in a close period ahead of their Q1s on Monday.

I take it from that that we should logically expect to see it begin next week and therefore help put a floor under the share price

[adamb1978] 10/5/2023 10:18

re Kestrel: or perhaps there's some other corporate action which would require shareholder support which they've broght Kestrel inside on to see whether they would support it? Tender offer for [x]% of their shares? Change of listing venue?

[adamb1978] 10/5/2023 10:10

Perhaps, going back to someone else's suggestion a few posts ago, the company has received an approach? The Board would need to speak to Kestrel early about any deal given their support would dictate the success of an offer...and obviously once Kestrel are inside, they wouldnt be able to trade.

Not saying that that has happened, but its one possible explanation

[doobz] 10/5/2023 10:02

Notice kestrel not stepping in with confidence for this discount either.

[adamb1978] 10/5/2023 09:55

Agreed Rik. Will help show the FCF generation and quieten some of the bears. Difficult to think there will be anything negative at all in there given that they were only doing investor rounds and the AGM a couple weeks ago

[rik shaw] 10/5/2023 09:16

Q1 report due on 15 May so hopefully that will bring some focus back on the value here.

[diesel] 10/5/2023 08:36

Are we at a significant support level?

[davidosh] 10/5/2023 00:34

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David

[adamb1978] 09/5/2023 19:35

Looking back at the buy back announced in Dec, they took 18 days from announcement of it for it to begin.

18 days from AGM approval this time would be 13th May, so perhaps not quite as slow (for them) as it seems, but not sure why it needs to take 18 days.

I'm not worried about trading given its such as short time since the last update

[doobz] 09/5/2023 18:45

I'll take anything at this point, growing increasingly concerned its not been bullish since last update at all

[adamb1978] 09/5/2023 18:37

Could be Doobz. Its very odd that havent launched the buy back yet

[doobz] 09/5/2023 18:01

I wonder if they would hold fire, if potential bid talks were happening in the background. Isn't adding up for now

[adamb1978] 09/5/2023 15:47

Agree about the buyback Doobz. I wonder whether there's an innocent reason for it not having been started yet.

For example, whilst a broker would run it and therefore be arms length from any price sensitive information so could act whevever it likes, I wonder whether there is some rule about not instructing a corporate broker to run such a programme when something material is in the offing?

I cant otherwise think of an innocent reason why they havent started it yet. Will email the company and see what emerges.

[doobz] 09/5/2023 15:24

Continuing to disappoint, was hoping for buyback announcement by the week. Management letting us down here

[azaman] 05/5/2023 12:13

Thanks, King

[king suarez] 05/5/2023 12:08

The latter, I believe. They just react to supply/demand to maximise liquidity so they can make as much money as possible via highest trading volumes, so they move price up and down to try and find what price will encourage trading to happen?

[azaman] 05/5/2023 12:03

I wonder if market makers analyze the stock's potential or do they make prices purely based on supply and demand?

[robsy2] 05/5/2023 11:51

And thanks from me also Hastings. You make the case well.Happy to hold here.The earnings are coming through now and the rating is so low. I can’t see the downside.

[rivaldo] 05/5/2023 10:55

Cheers from me too Hastings - a very thorough run-through which should dispel some of the misconceptions propagated by some commentators (notably on Stockopedia!).

In particular imo the new agreement with Microsoft has been underplayed - it's good to see the CEO noting that there's substantial potential from this in the next 2-3 years.

Here's an easier direct link:

[nfs] 05/5/2023 08:15

Thanks Martin for that write up.

[mcdougall1] 04/5/2023 13:55

Thanks Hastings, nice write up.