Cinpart Share Discussion Threads

[ls lowry] 23/6/2010 20:10

If they leave it too long they have to suspend the shares there are strict rules on reporting.

[renewable] 23/6/2010 18:14

Might even have to take some out!!

How long can they delay results? Surely they must announce a reason at some point?

[ls lowry] 23/6/2010 17:23

There will be even less government buildings to install their energy saving equiptment now as there as plans to close down up to 30% of courts...

[ls lowry] 23/6/2010 10:55

I agree. No statement from the company regardless of the share price fall suggests to me they are heading for trouble. No news on orders and with increased capital spend on marketing they must be struggling financialy.

[fatso] 23/6/2010 10:39

They have much further to fall. I remember dumping them(old Buckland Grp)
at ca 8.5p only to see them sink to ca 2p

[ls lowry] 23/6/2010 08:31

Market cap now £7 million and still no news on contracts or fundrasing. Glad I dumped em at about 19p.

[renewable] 19/6/2010 22:07

Oh my, down she goes, time to move on it seems.

[ls lowry] 18/6/2010 13:48

They are going to find it extremely difficult to get a placing away at this price. If they needed £2 million a third of new equity would be needed. The instutions taken a hit so far so any existing institutions would be wary.

It was a very risky venture increasing marketing costs without certainty of orders.

They were a new player in these energy products maybe they cant compete with the competition.

[jimmyjagger] 18/6/2010 13:41

We are very bearish here gentlemen. This looks end of days-like

[ls lowry] 18/6/2010 13:37

PLUS trades showing someone dumping 472k at 7.5p

[ls lowry] 18/6/2010 11:30

Full scale collapse. profit warning! Or maybe funding problems!

[renewable] 15/6/2010 20:59

Yawnnnn, still no results?????????????????

[ls lowry] 11/6/2010 17:49

Another 100,000 sell on close there has been a lot of dumping stock of lately I supect they are the guys that got quite a lot through placing shares a while back. They wont be happy seeing the shares decline and getting what they can for them now before the next placing.

Anyone that took my advice and switched to EKT will have done the right thing. EKT came out with reults divi up over 8% the share price outperfomed Cinpart lately. EKT is still cheap brokers have aprice target of 30p and thats the way its going. Things going that well the co is hinting of an interim divi as well.

Daily Mail:-

"Components distributor Elektron firmed 0.5p to 20.5p following robust annual results including an 8.7pc dividend increase to 0.5p. Trading for the current year remains strong. Broker FinnCap lifted its target price to 30p and says that management has made considerable financial and operational progress in 2009. The balance sheet and group order book is strong. It forecasts pre-tax profits of £1.62m in 2010 on sales of £29.88m. "


Read more:

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[reckless_rat] 11/6/2010 16:49

looks like the tailor's back with a bit more cloth and has been using some of it up over the past few days for a jockstrap to keep the Emperor's balls in the air at 10p offer. Question is will he have enough left over to knock together a flimsy summer suit? Whatever, the Emperor will be back for his winter wardrobe come the autumn.
As to the product, Renewable/ Matchstick Man, you could be right; passive transformers have been around for about as long as electricity itself.

[ls lowry] 11/6/2010 09:12

The market cap is about £8 million now and continue to fall on no contract news. Cash flow cant be good and funding must be a problem now. Looks like they might have tried to run before they could walk.

[spaceparallax] 09/6/2010 09:44

Think you should stick to painting, at least you were mediocre at that.

[ls lowry] 09/6/2010 08:17

Share price collapsing all was predictable with delayed results and the need for further funding. No contracts no hope the business model is flawed.

As the price collapses it will be more and more difficult to get a placing and they they do so its means massive dilution.

[ls lowry] 08/6/2010 19:28

Well I was thinking the same. They arent the only co making the gear and its nothing sophisticated. I suspect they are losing orders to competition.

[renewable] 08/6/2010 19:12

That was certainly a dive today, how many more dilutions can they have?? Is the product all it's meant to be?

[ls lowry] 08/6/2010 19:08

Can you imagine another placing massive dilution yet again. I suspect they are poughing quite a sum in marketing and its money being thrown down the drain.

[holly_dog] 08/6/2010 17:03

Lol LS i held this for awhile through spreadbets but sold after results as they have not announced any new wins for a significant period and I calculated they needed 1 per month to meet revenue targets and sustain the momentum

[ianfellowes] 07/6/2010 21:52

At first I didn't mind your jabbering and de ramping of this share but please leave the board. You both state how you got out at the top so well done and GOOD BYE!

Now just leave this board to discuss the topic of CINPART.

[ls lowry] 07/6/2010 18:56

Well put it this way delayed results dont go down well with investors and there is no excuse for a month delay. I suspect they have delayed results pending trying to get more finance or and also living in hope they may get another contract win by time results are out.

You see we know when results are out the co will be losing money and they need to reasure investors in relation to finance and contracts.

It dont look good from where I stand glad I got out at the top.

[renewable] 07/6/2010 17:59

Jaggerdy downward trend.

Otherwise known as falling!

Thoughts anyone?