Share Name Share Symbol Market Type Share ISIN Share Description
Citius Resources Plc LSE:CRES London Ordinary Share GB00BMGRFP88 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 4.35 0.00 08:00:07
Bid Price Offer Price High Price Low Price Open Price
4.20 4.50 4.48 4.35 4.35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1.46 3.47 0.60 7.3 26
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4.35 GBX

Citius Resources (CRES) Latest News

Citius Resources News

Date Time Source Headline
01/12/202106:59UKREGCitius Resources PLC Interim Financial Statements
29/10/202109:12UKREGCitius Resources PLC Result of AGM
01/10/202114:52UKREGCitius Resources PLC Notice of AGM
25/8/202106:00UKREGCitius Resources PLC Admission and First Day of Dealings
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Citius Resources Investors    Citius Resources Takeover Rumours

Citius Resources (CRES) Discussions and Chat

Citius Resources Forums and Chat

Date Time Title Posts
06/9/202109:58Citius Resources1
25/3/201508:30Coalfield Resources (prev. UK Coal)491
19/6/200815:12Crescent Hydro with Charts & News18
14/11/200612:38Crescent Hydropolis Resorts5

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Citius Resources Daily Update: Citius Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker CRES. The last closing price for Citius Resources was 4.35p.
Citius Resources Plc has a 4 week average price of 4.35p and a 12 week average price of 4.35p.
The 1 year high share price is 5.13p while the 1 year low share price is currently 4.35p.
There are currently 605,456,480 shares in issue and the average daily traded volume is 62,500 shares. The market capitalisation of Citius Resources Plc is £26,337,356.88.
jeffian: Indeed. 8-) They (the PF) did as well, which gave me pause for thought. We've discussed before, strutt, why there may be a discount and I think the chances are those reasons will continue. Rightly or wrongly, I saw the refinancing as a chance to get out at a premium to the former share price. There clearly is value here in the long term, but I'm not sure how quickly it can be realised and I have a different agenda now. Good luck.
strutt12: You just have!! jeffian 19 Feb'15 - 14:35 - 483 of 486 As far as the share price is concerned, the market sets the price but when it comes to a deal, why would anyone sell at less than NAV?
jeffian: As far as the share price is concerned, the market sets the price but when it comes to a deal, why would anyone sell at less than NAV?
strutt12: Folderboy The consideration will be a shareholding of between 25% and 29.9% in the Company with the balance of the consideration payable in cash from an expected firm placing and open offer to shareholders during the first quarter of 2015. Discount to net asset value At the start of 2014 the shares were trading at 6.0p per share which equated to a discount to the underlying net asset value of 34%. This discount fluctuated through the year. At the point of suspension from trading on 18 November 2014, the share price was 5.4p, a discount of 43%. Whilst the discount to net asset value represents an indicator of potential impairment to the investment in Harworth Estates, the Directors are confident that the carrying amount of the investment does not exceed its recoverable amount and therefore no impairment is required
finkie: I would like to hear from others who have a feeling of how the £150m will be raised a rights issue at a discount to share price would be normal but probably with a rebased price/shares for the larger entity otherwise it's billions of penny shares?!
strutt12: Jeffian, "The share price will follow the growth in NAV and the realisation of development value as it happens, and that will take years rather than months." Errrrr, NAV increased, more planning permission obtained, share price reduces!!!
jeffian: Have a look at the accounts which specifically include a section on Harworth Estates. hTTp://www.investegate.co.uk/coalfield-resources--cres-/rns/half-yearly-report/201408130700059588O/ You tell me how much rental income they have (nil/next to nil) and what "dividend" they pay to CRES (nil). I, too, have shares in this company because I like buying £1 for 50p, but I appreciate it may take a while before that value is realised. It isn't growing "with little risk", it has a risk that the value will not be achieved by planning permissions, by fluctuations in the property market and by delays in realising that value. In the meantime, the share price will fluctuate as the market's perception of the likely timing and amount of such realisations changes. Basically, CRES owns 25% of a company which just owns a lot of derelict land (former mining sites) which it hopes will pay out as they are developed for housing or commercial use over time. There is also, as you say, the chance that Peel will buy out the rest of the company they already own, though I can't see a compelling reason for this as they are already in the driving seat. It is likely that the share will always trade at a discount to underlying NAV for the reasons given previously. What one hope is that current NAV proves to be vastly undervalued as the development potential of those sites is realised.
strutt12: Wooooah, Don't get defensive, I was just giving my opinion I didn't say you were talking rubbish either. I have a lot of faith and money tied up in this stock and always knew it would be a long time before the real value is uncovered. When I asked about rent I was referring to Harworth Estates, obviously CRES don't receive rent as they only have a shareholding in Harworth so will only receive dividends. What I'm unhappy about is I see no reason for the share price to fall when the company can only grow with little risk, I also feel that Peel will take them over before we get to any true value. In hindsight I should of taken profits when I had the chance at 6.5p with a view of buying back in now, but knowing my luck they'd fly the other direction after i sold.
jeffian: Net Asset Value, as the term implies, is of course net of debt. Their income is as good as any other. You ask "regards income do they (CRES) not receive rent?" Errr, no. Or not much, if any, according to the last accounts. Look, I was just trying to answer your question about why a company might trade below NAV. CRES themselves say in their last report "there is still a long way to go in fully realising the potential of its land portfolio". Deferred value will always be discounted. You and others may think I am talking rubbish, which is fine by me, but that is why you will continue to be mystified by the share price graph above.
freddie ferret: EXPECTED TIMETABLE OF PRINCIPAL EVENTS IN THE UNITED KINGDOM Each of the times and dates in the table below is indicative only and may be subject to change. Announcement of the Rights Issue 7 August 2013 Publication and despatch of this document and Form of Proxy 7 August 2013 Record date for entitlement under the Rights Issue for Qualifying CREST Shareholders and Qualifying Non-CREST Shareholders Close of business on 22 August 2013 Latest time and date for receipt of forms of proxy 10.00 a.m. on 25 August 2013 General Meeting 10:00 a.m. on 27 August 2013 Despatch of Provisional Allotment Letters (to Qualifying Non-CREST Shareholders only) (1) 27 August 2013 Start of subscription period 8.00 a.m. on 28 August 2013 Admission/Dealings in New Ordinary Shares, nil paid, commence on the London Stock Exchange 8:00 a.m. on 28 August 2013 Existing Shares marked ''ex'' by the London Stock Exchange 8:00 a.m. on 28 August 2013 Nil Paid Rights credited to stock accounts in CREST (Qualifying CREST Shareholders only) (1) 8:00 a.m. on 28 August 2013 Nil Paid Rights and Fully Paid Rights enabled in CREST 8:00 a.m. on 28 August 2013 Recommended latest time and date for requesting withdrawal of Nil Paid Rights and Fully Paid Rights from CREST (i.e. if your Nil Paid Rights and Fully Paid Rights are in CREST and you wish to convert them to certificated form) 4:30 p.m. on 5 September 2013 Latest time for depositing renounced Provisional Allotment Letters, nil or fully paid, into CREST or for dematerialising Nil Paid Rights or Fully Paid Rights into a CREST stock account (i.e. if your Nil Paid Rights and Fully Paid Rights are represented by a Provisional Allotment Letter and you wish to convert them to uncertificated form) 3:00 p.m. on 6 September 2013 Latest time and date for splitting Provisional Allotment Letters, nil or fully paid 3:00 p.m. on 9 September 2013 Latest time and date for acceptance, payment in full and registration of renunciation of Provisional Allotment Letters 11:00 a.m. on 11 September 2013 Results of the Rights Issue announced (2) 8:00 a.m. on 12 September 2013 Dealings in New Ordinary Shares, fully paid, commence on the London Stock Exchange 8:00 a.m. on 12 September 2013 New Ordinary Shares credited to CREST stock accounts 8:00 a.m. on 12 September 2013 Despatch of definitive share certificates for the New Ordinary Shares
Citius Resources share price data is direct from the London Stock Exchange
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