Christie Share Discussion Threads

[david adams] 15/4/2009 21:01

just looking at the sector as a whole and Colliers Cre ( col ) looks another that could fly. Remember holding on the last property turnaround but that was when i mainly traded uk stocks. My eyes off the ball of late but some of these smaller cpas are better than my usual commodity picks. Just shows how oversold soem of these are.

[7620davidn] 15/4/2009 20:48

whiterussians, i hope it dose go to 80p sharpish as i got mugged by the mm's near the end had an order for 60k at best and they hit me for 60p when it was 42.5 mid, crooks they mm's at times but i suppose thats the chance you take when you trade at best and you want the order filled. they hiked it to 52.5 at the end so lets hope for a good start tomorrow. I also heard a roumour of a bid anyone else hear this?

Regards.

[whiterussians] 15/4/2009 14:47

we have lift off

[whiterussians] 15/4/2009 14:33

Directors were buying shed fulls recently

[whiterussians] 15/4/2009 14:31

Up it goes

[barn owl] 27/3/2009 12:12

Might be worth a long-term recovery punt at these levels.
Good luck all.

[empirestate] 25/3/2009 18:45

results due anytime

[empirestate] 25/3/2009 18:42

debt free and mcap sub equity looks fairvalue from here

[ydderf] 23/6/2008 07:19

crookney - maybe later today could be an opportunity for you to get in again, if you've got any dosh left! wouldn't touch them with yours, personally, wrong sector, wrong time, wrong everything really........have you looked at Greggs recently, now there's an INVESTMENT simple business, cash cascade, no debt, 4 per cent tiled and p.e of 11 AND inflation protected!

[ddahj] 09/5/2008 11:27

The Annual Report makes good reading: Professional Services are steadily growing with integrated solutions and for example expansion into insurance, Software Solutions continue to win international customers and Stock Taking is making best use of experienced staff and modern audit tecnology. The company is growing by providing wider services and growing geographically, especially into Europe. Not immune to the credit crunch the company will benefit due to its strong finances, experience and professionalism.

[mistertibbs] 28/3/2008 13:03

Nicely put QS9. Glad I invested a few more pennies a few days ago.

[qs9] 28/3/2008 09:18

£7m+ of PBT, £8m ish of cash, 19p eps and shares have reacted accordingly at these low levels! £27m market cap, c.£20m after net cash and PBT multiple of less than 3.....like many AIM stocks this looks oversold and 10%+ rise says so hopefully. No reason p/e of say 8 cannot take them another 20% higher from here IMO

[mistertibbs] 14/3/2008 22:13

Was thinking along the same lines ddahj though I'll wait until the results come out and see what the prospects are. With a few small director buys in the last few months, the same man I think, could and I just say could, be a sign although this is a funny old market.

It's not long until 28th when results are out.

[ddahj] 27/2/2008 09:03

I am thinking of buying more shares, although the property market appears to be quietening down business seems quite buoyant for Christie and their business seems to be growing. Any views?, and when might be the best time to buy?

[glentimon] 30/10/2007 12:07

All offloaded now, seems the action has moved to COL. Looks as if this is to be the pattern with property related stocks getting hit in turn. The question is, will some of these dips appear good value in due course. It seems most folk with spare cash prefer to sit it out.

[glentimon] 29/10/2007 11:44

I've taken the 14%, not bad in 2hrs. Await the next mark down - belay that, can't get a good enough price for the size, thinly traded at present.

[cockneyrebel] 29/10/2007 10:18

Not cheap yet tho are they?

Like if they meet forecasts the PE is 11 - they are likely to miss in this climate. So say the PE is 13 - stocks like Savills are on a PE of 8.

Darling has wrecked the advantages of buying AIM too.

Yield is under 3% - not a compelling buy yet imo.

CR

[riskblue] 29/10/2007 10:02

There should be support, but I got out last week. I'm not happy with the speed and consistency of the fall on no news and low volumes. It suggests to me someone knows something. Hope I'm proved wrong, but for now sitting on the sidelines watching.

[glentimon] 29/10/2007 09:43

I may regret catching this falling knife, but there must be some support at the 150p level surely? Enormous fall on little volume.

[ddahj] 10/9/2007 16:15

Div T/O T/0 £m pence pft pft y E P/E
Cash 0 10 5 20 +0.5 0 0
Soft 7.3 14 4 16 -0.4 -1.0 loss 0
Stock 12.5 25 12 48 0.6 1.2 3 12
PBS 26 50 31 150 4.8 9.6 25 6
Total 0 90 52 205 10.3 28 7.3

Assuming: 1) there is between £10m and £5m cash in the company, 2) the software division could be sold off for £4m, ( Torex Retail was, I think, bought/sold by the liquidator for a value equal to turnover) 3) the stock division is worth something between turnover and half turnover. This gives a value of about 30m for the Professional business services division, ie a P/E of about 6 this would easily allow for some reduction in activity. At this share price the share is a bargain.
I expect the company will try to buy further stock taking businesses at reasonable prices. I doubt they will give up on the software division because once this division comes right and profitable it could be rolled out and turnover increased perhaps to 100m. The PBS is still expanding, with for example, insurance services, which is an ideal business for Christie to use their knowledge and advise their clients. Also the market is huge and they are steadily increasing their presence in Europe.

[mistertibbs] 06/9/2007 11:16

Software reduced losses by £1m on this time last year and whilst still loss making at the y/e, looks to me like they have finally started to get a grip on it.

Agree with your comment re the market reaction. It will do what it will. I expect another big fall in the market overall. All the nasty news not yet out from the US I feel.