Christie Share Discussion Threads

[battlebus2] 24/1/2019 16:34

No there’s nothing comparable that’s listed anyway. It’s several businesses that really have no connection like stock controls and selling garden centres. Very well managed though, I’ve often wondered if they’d be better selling the SISS businesses and concentrate on the rest.

[tiswas] 24/1/2019 16:01

Are there any other quoted companies that do what ctg do?

None of Stockopedia's peer group comparisons seem remotely similar as far as I can see.

[tiswas] 17/1/2019 13:27

I suppose a quiet board is not a bad thing but I was hoping for a little more discussion to help my research.

Wondering if this is at a decent support level following big pullback. Loved this in the interims:

In Leisure, the bounce has gone out of the trampoline market due to the haste of expansion and widely differing quality of facilities. Expect closures.

[battlebus2] 17/9/2018 09:05

Very pleased with this mornings results, progress on all fronts and an increased dividend.

[cwa1] 17/9/2018 07:40

Results out:-



Summary


In conclusion, the first half saw progress in performance while our services remain in demand from sophisticated commercial audiences. Looking at the second half we anticipate a more balanced year than 2017. With an increased pipeline of both current and ongoing projects we intend to deliver a solid set of results for the year.


I take this opportunity to congratulate our management and staff who rise to the challenges and opportunities presented by change. We have good people.


The Board has declared an interim dividend of 1.25p (2017: 1.0p per share) which will be paid on 19 October 2018 to shareholders on the register on 28 September 2018.

[battlebus2] 06/9/2018 21:58

Good post remslie 👍. Results sometime this month so expecting a little interest in the run up so here’s a reminder of the broker forecasts for Y/E 31st December 2018. Revenues 76 Pre Tax 4.6 EPS 13.3 which is EPS growth of 40%, P/E of 9.4 and a dividend of 3p or 2.5%. Cheap IMV.

[remslie] 11/8/2018 11:33

The business is clearly doing better and is remarkably unconnected to the domestic property market. It is more about the buying and selling of businesses and their is a natural level of business flow into the market which at the moment seems buoyant as individuals retire and small groups of hotels etc are acquired. Christie and co are the go to broker.
What will revolutionise this company is
The international operation swinging into profit after heavy investment and the jury is still out but progress is being made but seems to lack urgency.
Secondly the Stock taking division is still loss making and we are awaiting a market consolidation but progress is slow and we need a catalyst to consolidate the market. The trauma on the high street should bring things to a head sooner or later.
Thirdly the pension deficit coming down which is happening albeit slowly
The core UK business is I believe very profitable and when above issues are resolved the business will undergo a significant rerating. The company reports imo in a rather opaque way so it is difficult to judge the performance of the varying parts. I think patience and some slightly more aggressive marketing on the continent will deliver the long awaited returns along with a more practical approach as to who to partner in the Stock taking market to achieve margin enhancement. It would be good to see a bit more innovation on the consultancy side as the offerings seem very sensible but run of the mill. That’s it for now.

[bent banana] 10/8/2018 15:29

Trading statement announced at 14.25 yet no response from you guys

[battlebus2] 17/4/2018 17:30

Lots more to come here sleepy, the new management are a little bolder so we should see shareholder appreciation...

[sleepy] 17/4/2018 09:44

Great news

Let’s hope they follow through on it

[battlebus2] 06/2/2018 07:10

Excellent update this morning 👍 with improvement in trading in second half.

[battlebus2] 31/1/2018 13:15

A little weakness of late and back to a price the directors recently bought. I still believe they are trading well so intend on adding further. DYOR ETC

[battlebus2] 31/1/2018 13:15

A little weakness of late and back to a price the directors recently bought. I still believe they are trading well so intend on adding further. DYOR ETC

[battlebus2] 06/11/2017 13:23

Still moving higher 👍

[jockthescot] 29/9/2017 21:35

Ahhh. Thanks!

[battlebus2] 29/9/2017 20:49

PDMR LOL. I can't spell. The boss to me and you 🙄

[battlebus2] 29/9/2017 19:16

PMDR has bought 25k at 111p so a big sign of confidence imv.

[cwa1] 11/7/2017 10:04

Yes, I had seen that BUT in the grand scheme of thing, whilst being a very modest show of positivity, it wasn't worth getting worked up about given how small the deal was! Just shows how wrong one can be :-)

[sleepy] 11/7/2017 09:12

CEO bought £9k worth of shares yesterday

[cwa1] 11/7/2017 08:20

Looking perky this morning for no immediately apparent reason. What have I missed?

[galeforce1] 15/6/2017 08:28

CWA

There's definitely value here and it's a John Lee hold, which is always attractive. And it's an AIM company which attracts the IHT-avoidance managers.

On the negative side:

(1) the directors massively overpay themselves. A lot more is paid in salaries to the exec directors than is paid out in divis. I don't know how they get away with this. Probably because Philip Gwyn is such a big shareholder.

(2) It's a direct play on the UK economy, which looks like it's going to have a v difficult time. Political complications as hapless Tezza confines to screw things up with Europe, and Corby waits in the wings for an inevitable victory.

(3) a lot f their business is low-margin stocktaking.

[cwa1] 03/4/2017 08:15

Morning All

Prelims out this am:-



Obviously the current figures are, ahem, "unexciting" but:-

Outlook

The year for both our divisions has started more strongly than in 2016. We have some inflationary costs to absorb which our budgets allow for. Your management and staff alike strive to always deliver a service that is second to none, and on your behalf I thank them. We plan for continued growth in 2017. Your board's enthusiasm for the unique and logically related Group of companies that constitute your business continues unabated.



Reflecting this optimism, your directors recommend a final dividend of 1.5p per share (2015: 1.5p), maintaining a total of 2.5p for the year (2015: 2.5p). If approved the dividend will be paid on 7 July 2017 to those shareholders on the register on 9 June 2017.

And

Looking ahead

The pick-up in sales towards the end of 2016 continued into the new year. We entered 2017 with a strong pipeline across our business.

As underlying market trends re-establish themselves we are poised to benefit. With capacity already in place we can take on more business without incurring significant extra costs. It means further revenue growth is likely to result in higher operating profit returns as we benefit from our operational gearing.

Not exactly a "no brainer bet the farm job" but as a result, and hoping the share price is bumping along the bottom, I decided to join you mob with a very modest purchase first thing this morning.

Good fortune to all holders.

[mctmct] 12/1/2017 18:26

Yes - he did say he thought they were fundamentally undervalued. He's often right ...