Charteris Share Discussion Threads

[westex] 18/7/2001 10:18

Charteris - IT management consultancy - came to market last year 8x revenue (forget the profirt multiple)

Must be feeling slowdown

Raised £3m in placing at 90p for acqusitions

Spent £2m on a freehold property - so they think this is a core business?

Spent £0.2m cash plus oodles of shares on buying an internet company - paid 18x post tax profits

This leaves it with £800,000 and some expensive management consulting mouths (£100k each?) to feed. Some slowdown as we have now in markets and whoosh it goes pear shaped.


Current price now 90p but starting to slide

My belief is that the correct valuation is sub 30p.

[westex] 17/7/2001 15:10

MOST EXPENSIVE INTERNET SHARE IN THE UK

[westex] 17/7/2001 15:06

MOST EXPENSIVE INTERNET SHARE IN THE UK

[bird] 13/7/2001 01:32

Looks a good short ...thanks for the tip.

[westex] 12/7/2001 23:14

This is clearly the most unattractive shares in the internet sector, still trading on a mammoth PER and PSR. Management overegged themselves and will now get their just deserts with an overpaid workforce and declining sales.

[john8438] 26/6/2001 15:08

Any idea why this nice sensible commercial company is ding so badly? And yes I know it is an IT company.

Why has it dropped 14p to-day for no reason, or is there a reason.

[bidlick] 29/3/2001 15:26

A lot of overpaid horses and no carts to pull

A pe of 100 to boot

Times must be getting bad for them