Christie Share Discussion Threads

[dougbuckfast] 13/4/2015 19:23

Anyone have any thoughts on the price drop?
Results looked Ok to me, divi up etc.
Still holding, just curious.

[sleepy] 14/1/2015 20:22

Dream on Brummy though they did issue some shares (at 60p?) about 18(?) months ago to finance an acquisition

Existing holders very happy

[brummy_git] 14/1/2015 09:42

The business seems to be flying – the only problem being that liquidity in the shares is low, which means there is very little spare stock available for new investors.

IMO -The company really needs to look at this and increase its profile.

[campbed] 14/1/2015 08:40

No posts for over 6 months.

But today's "expect results to be significantly be ahead of forecast for this year 31/12/14" t/up is worthy of comment as is that the value of shares have virtually doubled in last year.

Look forward to seeing full results announcement on 31 March 2015.

[aim_trader] 16/10/2014 09:57

Chris Jordaan, CEO will be presenting at the Proactive Investor forum on 23rd October. To register, please click here;

[modform] 14/5/2014 13:54

Been here since 80p ish, and it's had a good run in the past few month. The valuation looks a bit high now, so I am out for now. GL

[firtashia] 13/5/2014 23:01

Appreciate your comments fugwit. I know what you mean about paying up front for growth that hasn't happened yet and I don't tend to do it as a matter of routine. I've made an exception in this case as the April trading update was very bullish e.g. CTG is saying just 4 months into its new financial year that it is already confident it will beat market expectations for the FY. I would be surprised if it now fails to achieve the new upgrade forecasts, therefore I'm assuming it is reasonable to value the company on those upgraded forecasts. I'm hoping the recent chart breakout above its 52 week high might continue to draw in some momentum investors too.

[fugwit] 13/5/2014 17:36

Hi firtasia, I guess mcap/PBT is the same thing as PE you are just working on a company level as opposed to a per share level. I see what you mean about EPS upgrade momentum, it is a nice approach and one I have some difficulty with myself...I never have been able to pay up for growth even though I am a fan of Slater, you can imagine it can lead to a fair amount of frustration. It has kept me out of CTG even though I have had an eye to it since John Lee covered it in the FT some time ago, it might be time to reconsider before it is too late here. Ta for the response.

[firtashia] 13/5/2014 13:17

Hi Fugwit, I dont tend to use PE ratio that much, I tend to look at the ratio of market cap to PBT and compare it with the rate of EPS growth, a mishmash of Messrs Slater and Burns I suppose. Given the relative lack of broker coverage and given I believe the company to be in an earnings upgrade cycle which will continue, I will look for the "earnings upgrade surprises" to move the share price up in fits and starts, but I have the patience to wait. Will be looking for a loss in EPS upgrade momentum to dictate my exit point. Sometimes this strategy has worked for me, sometimes it hasnt. Thats what I like about the markets, you just never know.

[sleepy] 13/5/2014 11:43

Increases in sales very largely flow through to profits so there is huge scope for profit growth here.

I think the Christies division on its own previously made peak profits of £10 million. Assuming they will get back to peak profitability and add some profit from the stocktaking side and you get EPS of over 30p in time. I would put a PE of 10 on that

[fugwit] 13/5/2014 10:47

I have 2014 EPS forecast of 8.2p showing for Charles Stanley, a full 10 fold increase against 0.82p for 2013. However at 8.2p EPS we CTG are currently on a PE ratio of 16. I wonder what PE you think that should or could be worth firtashia.

[firtashia] 13/5/2014 10:08

EPS forecasts very recently (within the last week) increased by 46%. I dont believe this is fully reflected in the share price despite the recent rise so have bought in. But we shall see.

[modform] 01/3/2014 11:34

Thanks Brummy, I bought MAR for that reason also, but there hasn't been that much gain there. I wonder why I can not even see MAR in advfn, so bought it through hl, any thoughts please.

[brummy_git] 01/3/2014 11:03

IMO the shares are strengthening due to the perceived pickup in commercial property. Also +ve recent newsflow from Waterman (new build) and wider property sector

[modform] 28/2/2014 22:18

He recently did bed and isa to transfer all his holding of ctg into isa. There was a recent article in the telegraph , about 4 weeks ago, I think

[sleepy] 28/2/2014 21:39

He has been a shareholder for some time. Has there been recent publicity about his holding?

[modform] 28/2/2014 18:56

Cheers sleepy, are you a holder. I wonder if it has anything to do with the fact that John Lee has taken a big stake in his isa.

[sleepy] 28/2/2014 16:28

Well done modform

[modform] 28/2/2014 14:36

No, I bought at 85p, very illiquid share

[sleepy] 27/2/2014 15:31

Anyone know anything?

[callumross] 15/2/2013 12:37

Quick. Get out!

[the anteater] 12/7/2012 11:57

I wonder if Christie is involved in some of these large hotel disposals? A bit of newsflow from the Company would help.