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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Citius Resources Plc | CRES | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 11/6/2022 17:05 by hedgehog 100 CRES shows the excellent gains that can be made from buying a reasonably-valued shell, with good deal prospects, and waiting patiently.A likelihood of an immediate 50%+ gain if the RTO proceeds, which it should, and a discounted holding in what could be a very exciting and multibagging growth company. And all it takes for investors is a little research, market timing, and a willingness to buy before the herd. Though they can be illiquid, with micro market capitalisations, after a RTO the liquidity and markets caps. may be expected to increase markedly. For those kicking themselves at missing out on the CRES shell opportunity, the stock market is merciful, as it always throws up fresh opportunities. Two other very attractive shells with CRES-like potential, both with great cash underpinning, are these:- Aura Renewable Acquisitions (ARA) 9.75p Market cap. £1.024M. More Acquisitions (TMOR) 1.025p Market cap. £1.28M. |
Posted at 29/5/2022 12:55 by hedgehog 100 CRES IPOed last summer, at 4p per share -25/08/2021 07:00 UK Regulatory (RNS & others) Citius Resources PLC Admission and First Day of Dealings LSE:CRES Citius Resources Plc "Citius Resources Plc, an investment company seeking to acquire a company or project in precious and/or base metals, is pleased to announce the admission of its entire issued share capital, being 43,250,000 ordinary shares of GBP0.005 each ("Ordinary Shares"), to the Official List (by way of a Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities (the "Admission"). The Company has raised a total of GBP1,120,000 since incorporation including GBP560,000 through a placing of 14,000,000 Ordinary Shares at 4p ("IPO Placing") by Brandon Hill Capital, broker to the Company. Cameron Pearce, Chief Executive Officer commented: "The Board of Citius and its advisory team comprise a knowledgeable and experienced group of professionals with the relevant skills and expertise to successfully source, structure and complete acquisitions in the mining sector to deliver upon our strategy to return substantial value to investors. As such we are pleased to be listing upon the Official list of the main market and will provide the market with updates in due course, as we begin to review investment opportunities." ..." CRES's CEO Cameron Pearce was also the head of shell company BRES (Blencowe Resources), which also IPOed at 4p/share. And he arranged the RTO into BRES of the Orom-Cross Graphite Project, priced at 6p/share, with a placing at the same price, compared to the pre-existing BRES share price of 4.5p - 28/04/2020 16:45 Alliance News Blencowe Resources Shares Skyrocket As Graphite Project Deal Sealed LSE:BRES Blencowe Resources Plc 28/04/2020 07:00 UK Regulatory (RNS & others) Blencowe Resources PLC Acquisition of the Orom-Cross Graphite Project LSE:BRES Blencowe Resources Plc BRES then closed on 28th. April 2020 at 8p/share, and within a month had reached nearly 9p. Potentially this BRES RTO could set a rough 'template' for CRES: as it's the same boss, the same IPO prices, the same target sector, and even the tickers (BRES & CRES) are very similar. |
Posted at 29/5/2022 10:39 by hedgehog 100 Poor stock market conditions tend to make it harder to IPO, increasing the attractions of the RTO route, and increasing the bargaining power of shells like CRES.And meanwhile, the valuations of RTO targets for shells tend to be depressed. So ironically, the s.p.s of shells like CRES can become depressed at the same time as they are in effect becoming more valuable: more capable of cutting a cracking RTO deal on great terms - i.e. a better shell valuation and lower target valuation, and great quality targets. Which makes a shell like CRES - at a reasonable valuation re. its cash and with great deal prospects - a great place to 'park funds' at the moment. Many investors may wish to reduce their exposure to shares in companies with trading businesses, but holding cash for months doesn't give any real direct upside - certainly in the short term. CRES though has both some underpinning, and great potential upside - it could easily multibag from this level on a good deal. And you don't have to worry about funds being tied up here for a while if you won't be using them anyway. |
Posted at 30/10/2013 10:15 by stargazer4 Thanks I've had a look. Quite a thread! Anyone interested in CRES should read it. What we have effectively is a shell company with a 25% holding in something which could be very large indeed. And which is not listed, nor is the other large investor in CRES. Intriguing.......... |
Posted at 19/10/2013 20:18 by laythedraw My response to jeffian is that obviously full potential will take a lot more than 12 months to realise, but I'm confident that over the next year their land owning position will lead to some price movement as deals are announced - even in their infancy. And while they may very well appeal to more commercial developments, their last investors presentation made clear references to housing site ambitions. |
Posted at 07/8/2013 14:51 by freddie ferret Click on f for the prospectus.167 pages of the sxxxxxx thing. |
Posted at 07/8/2013 10:54 by badger1963 I like this bit from the prospectus9. Current trading and prospects The Group now has no operational role but remains an active investor in HEPGL, which continues to perform well since the Restructuring. The combination of the immaturity, in planning terms, of the brownfield sites with their strong strategic location, including transport infrastructure, means that a considerable amount of value can be added by the work carried out in advancing them through the planning process. It is the Company's strategy to achieve medium and long-term realisation of value from this investment. In addition, the majority interest in HEPGL, which will in due course be held by the PPF, may become available for sale and create an opportunity for the Company to assist with the orderly disposal of such stake, potentially consolidating its ownership and operational control of the business (subject to the requisite financing being available). 10. Dividend Policy Currently the Facility prohibits the distribution of dividend payments to Shareholders without the consent of Lloyds. Once the Facility is pre-paid or repaid, the Company will be able to pay dividends. Any dividends will be dependent on the performance of its investment in HEPGL and any dividends received from this investment. Whilst it is anticipated that HEPGL may be in a position during 2014 to arrange more flexible financing which may allow HEPGL to pay dividends whilst their bank facility remains drawn, unlike the present position, the Company would still not expect to receive a dividend from HEPGL in the short to medium term, as under the Propco Shareholders' Agreement, the Pension Trustees are entitled to receive the first £5 million of dividends due to the Company. Therefore we do not expect any dividend to be paid by the Company in the short to medium term. |
Posted at 09/5/2013 10:03 by badger1963 COALFIELD RES. is STILL listed on the stock market as a coal mining company and not a land holding company as part of the Harworth estates group ..As it is listed as a coal production company involved in the production of coal and given the current situation regards the insolvency issue then , logic says the share price of CRES will be NEGATIVELY effected surely someone in the company ie CRES should clarify to the markets WHAT IS IS INVOLVED IN , I would think that as a novice investor the first thing I would look at is what the company does next thing would be look elsewhere to invest ,,,, CRES needs to be sold properly to the stock market and marketed as a landholder with a viable future .good luck for all those in the mining industry |
Posted at 01/5/2013 09:21 by dazzaa * Coalfield Resources FY. The Company's only active investment is in Harworth Estates Property Group Ltd ("Harworth Estates"). It also retains a residual holding in UK Coal Mine Holdings Ltd. The Company has a 24.9 per cent stake in Harworth Estates which has a book value of GBP50.3m. The Harworth Estates portfolio had an asset value of GBP260.1m at 29 December 2012. Mine Holdings took over the full pension liabilities of the former Group as part of the restructuring. As such the Company does not expect any economic return from this investment. The industry-wide pension funds have a first call on cash generated by the mines to repay the pension deficit, and as such the Company values its holding at a nominal GBP1. Following the restructuring on 10 December 2012, Coalfield Resources plc no longer has operational responsibilities but is an active investor in Harworth Estates. The Company also holds a residual minority investment in Mine Holdings. The restructuring effectively separates the Company and Harworth Estates from any liabilities associated with the defined benefits pension schemes. Harworth Estates continues to perform well. The major fire, and subsequent closure of Daw Mill Colliery in Warwickshire, has had a material impact on the mining business. The fire has also led to a potential short term funding requirement for the Company as Mine Holdings resolves its issues following the closure of Daw Mill. In these circumstances, the Company has sought to obtain a facility, secured against its shareholding in Harworth Estates, from its bankers. It is expected that this facility will be repaid through an equity fundraising during 2013.U.K. Coal Operations seeks liquidation after colliery's closure: U.K. Coal Operations, the company that runs two of last three deep pits in Britain, has warned that it is in danger of falling into insolvency putting 2,000 jobs, and the value of 6,800 workers' pensions, at risk. Simples |
Posted at 25/2/2013 19:06 by ivancampo From the FT, confirmation of what 'we' all know..."However, Coalfield Resources said investors were not exposed to losses since it had little economic interest in the mines, which were controlled by an employee benefit trust including miners' pension funds. "Shareholders' money is in the property side [Harworth Estates]," it said. "This has no impact on the property business." The company added that it would have collapsed this year without the move." Looking for a bounce tomorrow. |
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