Clerkenwell Ventures Share Discussion Threads

[currypasty] 30/6/2006 07:46

RNS Number:4139F
Clerkenwell Ventures PLC
30 June 2006


Clerkenwell Ventures PLC - Unaudited Interim Results

30 June 2006
Unaudited Interim Results
for the period ended 31 March 2006

Clerkenwell Ventures PLC ("Clerkenwell Ventures" or "the Company") announces its
interim results for the period ended 31 March 2006.

Highlights :

*Net cash as at 31 March 2006 of #4.3 million (2005: #4.2 million)
*Profit before taxation for the period ended 31 March 2006 of #31,000
(2005: #50,000)
*Net assets per share as at 31 March 2006 of 6.19p (2005: 6.14p)

David Page, Chairman, commented:

"We have investigated several opportunities to acquire businesses with high
growth and consolidation potential. We are currently examining a number of
potential deals and given the recent stock market turbulence we have been
approached by businesses that wish to be listed. Given our AIM listing,
experience of the board of directors, clean balance sheet and #4.3 million net
cash balance, we offer an ideal IPO route for small to medium sized growth
companies."

[spooky] 25/5/2006 19:20

Only in our dreams :-)

[organstop] 25/5/2006 17:36

There's a dreadful silence out there. Anything happening?

[currypasty] 10/5/2006 14:00

well, since my last post a month ago, ive bought a few, basically as its just buying cash at this level, with the chance of them turning something up as a bonus

[spooky] 13/4/2006 08:48

Well in my opinion there are two decisions to be made,the price to buy and the time to buy.The shares are now trading below net cash so i think the price is fine and i think they are unlikely to fall much lower ,if at all.The timing is much more difficult,in fact unless you are on the inside it is a guess.I have made the decision that they will do something between now and the end of this financial year,that is the end of September.I know the management well and believe that when they complete a deal it will have a significant positive impact on the share price.Anyway i have acquired a reasonable number of shares in recent months and look forward to developments.

[currypasty] 12/4/2006 22:18

no, i went for the ipo at 7p, but missed the deadline... sometimes ipo's are kept so quiet, when you find out about them, your too late !!
Ive watched since, and as mach10 says, management are imo good, they havent actually delivered yet, and they have been listed a year and a bit.

my 'off the cuff' remark of another leg down, was not really anything to do with the company, more the chart... i mean, its gcse level best fit straight line graph, and extrapolate what it will be in a month.

they must pull something off one day... but when... if you wernt a holder, would you buy now, or wait a month, 6 months.. who knows

[spooky] 12/4/2006 22:07

CURRY - Do you hold any ?

[mach10] 12/4/2006 20:47

what makes you say that curry? IMO this is one of the better shells. Any fall would be a buying opportunity as this has good management. Maybe small Pi's are bored sellers here but not enough to deflate the price. Would like news or a director's buy obviously but happy enough to hold for now.

[currypasty] 12/4/2006 15:02

due another leg down ??

[best mook in town] 05/4/2006 08:40

yawn........

[spooky] 21/2/2006 14:45

Now might be a good time to hop on board.

[diamond1] 17/2/2006 13:53

With Trafalgar Asset Managers and Singer & Friedlander Investment Management Limited on board and happy to hold 10% between them we seem to be attracting a little more attention. More than 500,000 shares bought today and another trade for 400,000 that looks like a buy. Maybe we are about to light the blue touch paper. Also tipped in Money Week as one of the better shells.

[mach10] 02/2/2006 19:21

Well Spooky as you know these cash shells have only until April to do a deal or else they have to ask shareholders for permission to stay listed as I understand it. I haven't seen Shares Mag so don't know what they said. I am glad they have given the share price a leg-up. FWIW I think this is one of the better managed shells and haven't bothered too much when the price went down. Its price fell when it made a bid for Intelligent Environments and IEN hasn't exactly itself set the world alight after the termination of talks. I wonder if it might try again or has CRK something up it's sleeve. Anyhow someone was paying a full price for CRK and this might just have more legs tomorrow! Liveinhope have you any more detail?

[spooky] 02/2/2006 11:35

I don't suppose that anyone knows what "Shares" had to say,i can't exactly see what there is for them to write about.

[liveinhope] 02/2/2006 11:26

"Clerkenwell 6.75 up 0.63
Comment in The Shares Magazine"

[furiousgeorge] 02/2/2006 08:53

been holding for a while, with little or only downward movement Im equaly curious!

[spooky] 02/2/2006 08:36

Today is the first upward tick for a while,are there any rumours floating around about what they are going to do ?I don't have a position yet but Page and Quigley didn't set this up to lose money and the shares are trading below where they were listed and at net cash.

[gilston] 25/11/2005 16:01

Clapham House announced positive results today. Hang on in there with Clerkenwell.

[mach10] 25/10/2005 17:03

care to elaborate cp? I thought it would have fallen further. There are some shrewd cookies behind this one it must be remembered.!

[currypasty] 25/10/2005 12:28

not looking so good !

[mach10] 22/10/2005 16:52

Any one got any thoughts on their bid for an energy company. Looks like the directors of the target company don't fancy it. I thought CRK were more interested in the leisure sector. Looks like the market don't fancy it either with .75p drop.

[furiousgeorge] 27/6/2005 08:42

Results today any comments?

[dovegin] 19/4/2005 08:43

rights issue for acquisition pending? and no uplift in share price

[shirishg] 31/3/2005 20:10

Post removed by ADVFN