Centurion Ele Share Discussion Threads

[25cent] 16/1/2008 17:04

1/2p bid and that's only for 5000 shares anymore than that and you have to negotiate with the MM, i very much doubt any mm will even take more than the market requirement of nms of 5000 shares.
I think i can say without much doubt that this situation is akin to playing find the queen with a spiv in Leicester square.
Hs anyone ever seen anything like it? this is almost timeshare territory, horrendous and in my opinion highly dubious,yet again.

[sirshagalot] 16/1/2008 11:06

another one bites the dust just when will pi,s learn

[encarter] 16/1/2008 10:46

Yep easy come easy go.

[25cent] 16/1/2008 10:15

LOL encarter that was a quick u-turn from boom to bust in 12 hours ;-)
The penny comes as predicted as the MM dont want to be left holding worthless cuc shares.
I would love to see what they would pay for a order over nms of 5000 shares, i reckon 0.000000001 or something like that.

[encarter] 16/1/2008 08:48

YIKES!!!!! Glug glug glug.

[encarter] 15/1/2008 22:14

Edit. now worthless

[25cent] 15/1/2008 18:24

Well again i don't take any satisfaction in seeing everything i said come true on this.
The broker walking away is imho a clear sign that something is very wrong, as if we did not know that already.
Anyway the fat lady is almost finished her song at cuc.
But as scrip says its hardly a surprise is it?

Without being rude to JMFinn Capital who i respect, they do have the image as last option kind of a broker. I in all honesty can not imagine what broker what so ever will touch them if JMfinn wont, and that is not a dig its just a simple realistic point.
The price will be less than a penny to sell come 19th January,RIP Mr Cunningham RIP cuc.
Go and play on the fast lane of the M1 Rhodes you snake in oil.
This now needs a modern day miracle to even last 5 more days as a listed company.
It really is time that the FSA start prosecuting people issuing good news RNS when all along the real situation is dire.

[scripophilist] 15/1/2008 14:17

Incredible that people can still be bullish on CUC given there history, even more incredible that they come out and say they can't raise capital and they are thinking of delisting and there are still bulls. No wonder private investors do there nuts so easily.

[encarter] 14/1/2008 22:21

No not even slightly concerened. They have funds and contracts now in place so they won't be going bust. There'll be plenty of ups and downs over 2008 and plenty of chances of making a profit.

[encarter] 07/1/2008 22:47

They've got the funding so the only way is up from here.

[25cent] 07/1/2008 08:03

Hi Partridge, yep , but in the spirit of this sector maybe a couple more RNS about massive contracts that turn into nothing and refunding by the famous city London investment bank aka (the persys, pig farmers from Devon lol) before the curtain falls for good.

[partridge2] 04/1/2008 09:39

Holy smoke! Long time no see 25cent. Looks like we have found the dog of 2008 without doubt dreadful state of affairs!

[encarter] 13/12/2007 21:53

LOL! Who knows i just think they look like a bargain, but we will find out shortly.

[encarter] 13/12/2007 08:07

No need to call it a day when you have orders to fill. No one hands over £700k without expecting to get it back with i nice profit. A contract for an old Audi model in or Chechnya or kazeckstan will do fine. Their money is as good ad any ones.

If you have even 0.1% of common sense don't listen to others, just do some research.

[25cent] 12/12/2007 23:58

Hi Alex, your spot on,I think its time to call it a day as a company when you have to go cap in hand to true blue Pig farmers who this Labour government strangely enough gave massive compensation cheques too.

Call me old fashioned but why will no bank go within a county mile of cuc or did everyone forget they don't have a corporate bank anymore?

I'm just waiting for the next Rhodes all singing and dancing RNS about some contract or other for an old Audi model in or Chechnya or kazeckstan.

Avoid at all costs if you have even 1% of common sense.


I can almost see those thousands and thousands of young piglets laughing out Loud at troubled Robert caught by his pretty white neck by cuc.
And long may it last! what goes around comes around and lets face it a lot more misery is overdue.... oink oink.

[someuwin] 12/12/2007 22:10

"The next contract announcement will see these rocket."

Now where did I hear that last? Oh yeah... DVS!

LOL

[encarter] 12/12/2007 22:01

They have a great product with solid contracts and more to follow.
Read the update
"The Directors are pleased to announce that they are in the final stages of
securing additional debt finance to allow the Company to fund its business
expansion plans,"
Thats "expansion plans" not day to day running costs.
I agree they will be getting at least £700k cash to fund these plans so at 2.25p they are worth £300k but will have £700k in the bank plus all their other assets. No new shares will be issued and at least 80% are tightly held. The mms need stock and this is how they get it. If they are going to be 1p why are the mms offering 2.25p for stock? The next contract announcement will see these rocket.

[alexacj] 12/12/2007 14:26

Well I can't believe it's happened again so quick......I am not a shareholder (sold out at the last debacle!!) and most certainly will never be as long as this bunch of crooks are running the company....I assume the Percy's are behind this fund raising.....they lost their last 2 major investments in here so there must be something going on for them to fund the company yet again for the third time???????? Or am I missing something????!!!

[25cent] 12/12/2007 11:17

Well the strike price on the conv will be no more than 1p imho.
I reckon that CUC need 600-700k to tide them over, so that gives them at least 66% of cuc on any conversation at today's market cap of 300K.
If they convert in the future not even counting the existing 29% holding they have that would be watered down to 13% making a new total of almost 80% after conversation.
When you say the loan note will only be converted if its at a discount to the share price , well its going to be hard not to be at 1p even by Cucs poor standards.
If you feel you must buy then go ahead but it could be the quickest 50% you ever lost on a share trade.
The PI's are getting totally wiped out for the 2nd time in 3 years by this imho.

[encarter] 12/12/2007 07:57

The cln will be turned into shares but only if the conversion price is at a discount to the share price That could be a couple of years away. There will still only be £300k of stock and not much of that in free hands. They have new contracts and will be profit making in 12 months. If your wait for the details the price will move before you ever get the chance to buy so now is the time for a punt imho.

[25cent] 12/12/2007 00:13

So what do you reckon the conv loan note turns into then? and at what price do you reckon they will be set to convert at?
And when they do convert what % do you reckon they will have of the total group and what will the company have to do with an increase in shares by 300%? consolidate maybe?
Encarter i can read a rns i am talking about the longer term effects of this situation.
There is no possible way anyone could say with any authority its a bargain without seeing the details of the funding that's just quackers.

[encarter] 11/12/2007 22:54

What dilution? What new shares? It will be a converable loan note with interest to pay. My guess would be 4p and they'll only convert if the share price goes up. Results are still in line with expectations and they still expect to make a profit in 2008. An absolute bargain at £300k imho.

[25cent] 11/12/2007 17:08

Well lets look at this shall we the total value of all the issued shares is 300k, I would have thought that at least 600k-700k is needed to tie this over in the short term ,that does not seem much does it but hold on that means that existing shareholders will have to take a massive % dilution so i would expect any new shares to be at no more 0.75 - 1p and yet again another 50/1 or more likely 100/1or 300/1 share consolidation.
What will be interesting is that the new funding will take them over the 50% mark so they will need the board to approve that this does not constitute a full offer.
If i was shareholder looking to average down i would not buy in at this price i reckon you could loose 50%- 75% of your cash in days at todays 2p buy price.
I can not see how the new shares will be over a 1p maybe less but no more.Just my opinion.