Centurion Ele Share Discussion Threads

[philut] 07/1/2006 11:58

Scrip - I looked at this a year or so ago when it was approaching 100p on the basis that shares get momentum when they go past the £1 but held off and also upon subsequent revisits after reading your comments. Always found them well reasoned. Thanks

[scripophilist] 07/1/2006 11:06

StewJames, I asked Ethan to post his interest in the company further up. Maybe he will pay more attention to yours.

[scripophilist] 07/1/2006 11:03

As I have said before I wish you all luck with this company. I didn't like it at over £1 and said so and was proved right in absolutely every aspect without any doubt whatsoever. And I then said that good luck if you are going to have a punt. Smells badly like sour grapes to me that posters attack somebody who has not made a bad call on CUC.

A lot of credit lines to Centurion from suppliers are probably on hold pending any refinancing so good luck to you. I am more interested to see what they have had to give away to re-finance and then I will pass comment. If this was not a forced refinancing there would have been no need to suspend the shares.

oldtown, 50/50 chance 20 times return, please explain. I just can't and have never seen that sort of risk return with Centurion.

[stewjames] 07/1/2006 03:11

BTW, ethan, do you work for the company by any chance?

[stewjames] 07/1/2006 03:05

"I dont think so, maybe a cash call or dfe or open offer"

No need to suspend the shares then if that were the case.

Completely correct, IMO. It seems more likely to me the shares were suspended following a breached banking covenant. That doesn't mean that discussions relating to raising finance weren't already well underway when that occurred. In fact, they almost certainly would have been (or at least SHOULD have been).

[alexacj] 06/1/2006 12:59

Copied from a poster on iii.......interesting if true....not too sure what "early this month" means when sent before xmas!!

Enclosed copy e-mail from Centurion just befor Xmas.

"We are continuing to talk to major current
and new investors regarding refinancing. Due to the Christmas period
this has taken slightly longer then anticipated. We will be making a
statement early this month."

Someone will want the business they have - but at what price? Nobody will want to take on the debt and creditors lightly.

Recon a rights issue that will dilute the common shares by 75%.

[ethan] 06/1/2006 11:54

Care to comment scrippophilist?

Ethan - 30 Nov'05 - 17:25 - 616 of 692 edit


Scrip, the RNS says pending talks with the bankers, are you trying to say that this has gone bust?.
I dont think so, maybe a cash call or dfe or open offer,Fidelity and ravensfield would not less this go bust imho.


Scripophilist - 30 Nov'05 - 20:11 - 618 of 692


This is usually the last RNS before they announce they are in administration. Talking to the bank means they have probably breached a banking convenant and need to speak to the bank to try and rearrange facilities to save the company.

"I dont think so, maybe a cash call or dfe or open offer"

No need to suspend the shares then if that were the case.

[sprattyken] 06/1/2006 10:03

It would take a brave soul to average down. I'm already in for a few of these. Am probably up over the years at the last closing sp, but will be down if this recommences. Bets on first day closing sp?

[alexacj] 06/1/2006 09:13

Well at least it feels like it will begin trading again.....can't really see how they could appoint an OEM sales director if the company was going bust!....let's see what happens next!

[oldtown] 06/1/2006 09:11

Shh dont tell script! it will spoil his day ;-)

[sprattyken] 06/1/2006 08:36

This is a very plain and positive news story. I think we will hear about financial restructuring this afternoon. I reckon they are trying to stop an exodus if trading recommences. I take this as a positive message - feels like we won't get wiped out.

[cgod] 06/1/2006 07:59

Good news at last, i wonder when we will come back to the market and at what price?

[oldtown] 30/12/2005 11:14

Glad to hear that yor doing well Jeffian,had a few winners myself since then without scripts help as well believe it or not. ;-)The Old inn has had a face lift , but i dont use it.
I only have half a eye on Cuc as it concerns me very little,but i think that the serious investors on this thread are and always was aware that it was a huge gamble.And i really dont think anyone who bought CUC in the last few months needed telling about the debt.
I for one have just a small bet on Cuc.I dont mind taking 2/1 odds for a pOtential 20/1 return, i dont need worry or moan about a false starter like cuc may well turn out!
I am doing a lot of traveling to Poole everyday and so get fed up of he 60 mins drive eachway everyday.
Best regards and a happy new year to you jeffian and everyone else on the thread.

[jeffian] 30/12/2005 09:55

oldtown,

Woodfalls, eh? The Old Inn was one of ours. Still heavily into Enterprise Inns as a result of the GM takeover (+630% plus a couple of Rights Issues and divis!) and have profited this year from takeovers (PO. and BPB) and a speculative punt in internet advertiser DGM which I rode from 7p to 25p (now about 2p!), so a happy bunny. Having taken Scrip's warning, avoided blowing it all on CUC!

8-)

Regards, Ian

[oldtown] 30/12/2005 08:47

I am upset? lol, i think we can all see who is upset!

[scripophilist] 30/12/2005 07:23

oldtown, I just skimmed over the thread this morning after you tried to rubbish me. I think others who want some context should read the entire thread and make there own judgment but you seem to be showing sour grapes in all honesty. I think my postings have been pretty clear and balanced. I tried to warm everybody early on and after the price hit new lows after the second profits warning I said:-

"It really boils down to whether the business is really profitable at a core level. Buying at this level without any evidence is pretty speculative but good luck to you if you do. Share prices can only go to zero so if you load up with maybe 20 really speculative issues you only need one or two to fly and you will do OK."

I didn't post again apart from around corporate activity which just pretty much reflected my view. I don't think any of my postings have been far off the mark.

I can understand you feeling upset that you have called this wrong in most of your posts but don't take it out on me, address it with the board of Centurion. All I have done is post the obvious business issues.

You never know they may put out some cash from the bank and turn the business around.

[oldtown] 29/12/2005 22:05

I recall, i am very sorry jeffian and hope you are well.
I am still living in Salisbury (Woodfalls) but looking to move into Poole soon.
What has happened to you since to you since ELD?

[jeffian] 29/12/2005 21:56

oldtown,

Don't know about scrip's other threads but you and I exchanged posts once on the Eldridge Pope thread (I'm an old brewery hand, having spent many years with regional Gibbs Mew down the road in Salisbury). You were happier then; perhaps an indication that you made a bit of money on that one! Never mind December 2004; it begs the question why we're spending so much time here anyway. Looking at the graphs in the header, it's like relatives arguing over the body of the deceased.

8-)

Regards, Ian

[oldtown] 29/12/2005 21:40

alexacj, I agree 100%! what on earth has a rant in 2004 got to do with someone buying into a 2/1 recovery play for a potential return of 20/1 in November 2005.
If investors use basic 5% or 10% exposure a dead stock will not harm in the long term, but maybe the perennial " I told you so" will, because as we all now they never turn back up when it all turns out nice .;-)

[alexacj] 29/12/2005 21:30

Interesting debate guys......i think that both sides of any investment case should be aired...it is imho human nature for each party (be they a buyer or not a buyer) to "defend" their corner....many shares that have a similar profile to CUC have gone either way....take for example Ashtead....from the depths of ruin at 2p to the heights of nearly £2....there is a success story that many were calling a company ready for administration....but you can also call those co's that didn't make it back & went bust!.......it's the profile of a penny share investor/gambler....Scrip I think that your analysis was right when this share was over £1....but when it got to the 20p mark then the profile changed along with the risk and any investor that thought that this was a risk free share at that time was truly naive imho......since the warning this co has seen a huge amount (imho) of large investors....both private and institutional buying into a recovery......so whilst you called it right ......many people believed in a recovery and they put many £100s of thousand of pounds behind that decision....and I'm sure they carried out research just as you did....but thought that it had a chance of recovery....they were wrong at this time....but who knows next time and indeed who knows yet on this one.....lets wait and see....reasoned argument for both angles is always good....keep posting everyone!

[oldtown] 29/12/2005 21:16

(I really give up, I've contributed a lot, ect ect ect ect,I believe these boards are a complete waste of time nowadays an unnecessary distraction. more ect ect ect.)
" ding dong the wicked witch is dead " ;-)

Jeffian, like I said already what on earth has December 2004 got to do with anyone on this thread right now?
And who are saying they are/have been robbed?
I have not seen any mention on this thread of that or any moaning whatsoever apart from scripts moans about no one taking him serious that is?
BTW jeffian have you posted on any other threads that scrip has by any chance ?

[jeffian] 29/12/2005 20:44

oldtown,

"Has it not ever occurred to you script that some people knew about the debt and the uncertainty but liked the gamble of massive upside in exchange for such conditions, ie a leveraged bet?" What my chart shows you is that plenty of people bought on the strength of 'good' figures which Scrip's prompt analysis showed contained a gaping hole leading to CUC's ultimate demise. "Some" of them may have understood what they were buying into (in which case, more fool them), but I bet most of 'em didn't! Scrip held back then; I held back then; anyone else who took on board what was being said probably held back. What's your point? That one shouldn't post a contrary view and watch the befuddled masses shake their heads saying 'We wuz robbed'?!

Regards, Ian

[scripophilist] 29/12/2005 20:15

I trust you are not implying that jeffian is my alias? Because that would be a lie. I am happy to stand up to any scrutiny on that. I really give up, I've contributed a lot to BB debate over the years and taken nothing in return. I believe these boards are a complete waste of time nowadays an unnecessary distraction.

[oldtown] 29/12/2005 19:39

Roll out the back up alias in times of need ;-)
jeffian, so who on this thread right now held back then? so whats your point? and what is your chart spose to show me?