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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Clipper Ven. | CLV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 6.625 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.625 |
| Top Posts |
|---|
Posted at 22/6/2009 10:09 by mesquida No, Des, you are not alone - I am continuing to hold 500,000 and am much encouraged by the fact that Value Investments has been buying in the market since the delisting was first mooted and yet quite clearly they did not vote against the resolution. As a major shareholder I am sure that they will have enjoyed some discourse with the Directors over the past few weeks and that has presumably encouraged them to stay aboard. Going off market is never an easy option for private investors, but the last time I did it the eventual pay-off was 4 times the previous market price and that was within 15 months of delisting. Let´s hope that this one proves equally rewarding!! |
Posted at 30/4/2009 17:08 by deswalker scburbs,Doh. I'm going bonkers. This is a trivial calculation but still I manage to screw it up. Right here goes ... Suppose 60% of the Voting Rights vote in favour and x% vote against. For a Special Resolution to pass the votes in favour must be 75% of the total votes cast (not of the total issued share capital). So 0.6 / (0.6 + x) > 0.75 which implies 0.75x < 0.15 or x < 0.2 or 20% So if 60% of the Voting Rights vote in favour then greater than 20% (ie half of the remaining Voting Rights) needs to vote against. Which means that Mainsail + David Barry + 8.14% of "other Voting Rights" have to vote against (the "other Voting Rights" comprising 28.14% of the Total Voting Rights). So loosely speaking, if the main two achieved 60% in total we would need Mainsail + David Barry + a third of small investors to vote against in order to block. Sorry for the confusion. Bloody elementary mistakes creeping in all over the place these days. Des |
Posted at 11/3/2009 14:54 by davidosh No I am just keeping a watchful eye over small caps looking likely to delist. I will support you all where I can help though and I do have regular contact with a very significant CLV private investor. I have not spoken to him about this company though. |
Posted at 03/3/2009 12:51 by deswalker pat - I guess you're referring to the Mainsail Pension Trust. I don't know anything about this but I must do some digging. The two main shareholders should not have a beneficial holding in this as they have not declared it. If they have then there are some serious questions to ask IMO. Re RNS's ... notification is required when an investor goes above or below 3%, 4%, 5%, 6% ... ie whole percentages of 3% and over. This gives some flexibility within these bands without notifying anybody. Then the issue is speed of notification. There is a set timeframe but some more secretive investors put this off until the very last minute and occasionally one sees stakes being notified to the company several weeks after they were acquired. This is very poor form and may well be cause for alarm bells. However, the companies themselves generally RNS as soon as they get notification from the investor. Personally I think this stock is worth way more than 12p. If we have any sort of return to the good times then it ought to fly. The things to look at are the Balance Sheets for April 07, October 07, April 08, October 08 and April 09 (in the next few months). Prior to that there was the Placing etc so earlier numbers aren't comparable. The growth of the Balance Sheet across those four dates (soon to be five) is very impressive. They are growing NTAV and also rapidly converting NTAV into NCA. Precisely what you want to see. One possible scenario runs as follows ... The boats have a useful life of 5 races. The second one is about to start. Who knows, maybe they'll run these boats to the end of their useful lives, sell them for what they can get, close the business down and return the proceeds to shareholders. By then the NTAV should be entirely NCA and may well be close to 30p per share. Any subsequent races would require major capex in the form of new boats so maybe RNJ will decide to cash his stake in for his retirement ?? Alternatively maybe they'll want to keep going for the long term. The brand and know-how is worth a lot on its own so maybe they'd be silly to wind things up. Either way it has to be profitable for shareholders even from a price a long way north of here IMO. I also think that a large or mid-cap corporation or private equity firm ought to be interested in buying this company for relative peanuts as a cornerstone to its marketing strategy. The prestige and marketing possibilities would be very attractive as well as being profitable. Nobody else in the world can do what they do. That's got to be worth rather more than £2 mill !! Ramblings over. Des |
Posted at 23/2/2009 08:31 by tyranosaurus The clipper appears to be taking on water.Fundamentals show PE ratio 1.37 but investors are still selling. |
Posted at 09/1/2009 17:23 by deswalker Well here's my honest opinions ...Pros: - Way too cheap on NTAV, NCA generation, brand, know-how and general concept. - Confidence in company due to large Director buying. Cons: - Difficult to value due to cyclicality of races and lumpiness of revenues. - Never going to be a traditional growth share as its revenues are capped each year (it's more a plodding cash machine). - Management intentions are becoming questionable. They either seem to actively want the share price lower or they are naive with the wording and tone used in their RNSs. - Appear to be leaky. A big big question needs asking about the seller of 45k shares this morning. Infact I may just contact the company about this issue. What do you guys think ? My thoughts are that the Pros comfortably outweigh the Cons. If they are thinking MBO then they're going to have to pay quite a bit more than the current share price It may not be a buy at 15p like my early purchases but that's not the same as it not being a buy at 6p. I estimate that NTAV will be approx 12.5p per share come April which must underpin the current share price at half this number ? They'll also have a hard time trying a de-listing due to the institutional holdings blocking the 75% of votes that are required. That's where I am with my investment. I'm long quite a few at 12.5p average so it hasn't been very successful so far. However, I currently have no intention of selling and will look to buy some more on any further weakness. It's difficult to disagree that it isn't going up in the short term without a bid but I'm an LTBH investor. I'm lousy at anticipating when shares will move and so switching isn't my style. Maybe it should be ? I'd appreciate any thoughts. |
Posted at 28/10/2008 21:09 by joan of arc As an aside support the Kill the Spread campaign. It is in all our interests!!See below :- www.killthespread.co October 2008 (2) Dear Supporter, We wrote to you earlier this month with details of the Kill the Spread campaign objectives - since then word has really started to spread! Below are the links to the latest news and articles written about the campaign over the last two months. Were you aware that the London Stock Exchange is facing a High Court claim of anti-competitive behaviour from Plus Markets?? Change we need.....so what's next? Since we last wrote to you, we have been approached by several brokers, wanting to know more about the Campaign and offering their assistance! We were very encouraged by this it's comforting to know we aren't the only ones complaining about the AIM and its Market Maker system. It's killing their business too! We have learned a lot from their perspective on the way the AIM works and have now started discussions on some interesting initiatives including: 1/ Ways of creating an alternative Broker account for AIM shares, which could effectively cross stock between buyers and sellers, bypassing Market Makers and avoiding spreads. 2/ Creating a "ring-fenced" nominee account, offering guarantees to shareholders that their stock will not be loaned in the Market to cover short selling. We think these could be very compelling propositions for Investors and any views or feedback you could give us on this would be very helpful; info@killthespread.c We are also discussing ways forward to achieve the big systemic changes we are looking for with Direct Market Access, and we hope to be able to update you shortly with some very interesting developments. We are finding that there is a willingness to listen to the voice of the Private Investor, but to turn these initiatives into constructive measures, we need to prove we have sufficient numbers behind the Campaign.......... and this is where you come in! Hitting those Numbers! At this crucial stage your support is essential and we are now asking you to make a really big effort on behalf of Kill the Spread..... As a growing grass roots movement, we are now being taken seriously. We want our demands to be implemented as soon as possible and the only way we can ensure this happens is to prove beyond questionable doubt that a significant number of Private Investors are totally dissatisfied with the way the AIM market currently operates and are demanding change. In simple terms - we need to get the numbers up - and fast! 5,000 supporters = ACTION! Our target is to get to up to 5,000 supporters. We're getting there but we need to get there quicker!! We are currently up to just over 1,300 supporters on the Poll - so there is still a way to go. We are getting publicity but we really need the word to spread......So please, make sure you tell as many Investors you know about Kill the Spread. You can spread the word in the many ways: Talk to others Investors about the campaign Post a link to the site on your Blogs Post a link to the site on Bulletin-boards, Tell people in you Share Club/Investor Group Tell Everyone!! Ask people to sign up at the website and get them to complete the on-line poll it won't cost you anything and will only take a few minutes of your time. Help give us a real push and remember if every supporter brings in just 3 new supporters - our numbers will quadruple!! We are now on the brink of making a real difference for all Small Cap Investors - so a big push for more supporters right now is just what we need! Thank you once again for supporting Kill the Spread with your support change really is possible! Kind regards Campaign Coordinator Kill The Spread www.killthespread.co info@killthespread.c Please email us at info@killthespread.c Recent News: The London Stock Exchange is facing a High Court claim of anti-competitive behaviour from Plus Markets Great Article by Tom Bulford another mention from Dominic Frisby (mention is at the end of this article) |
Posted at 17/9/2008 23:34 by joan of arc Remember, they passed the dividend when there was no need to do so. So I am just starting to suspect that there is something more Machiavellian at play here. Just what I am not sure, but it could be some 'active investors' attempt to take the company out while it is so cheap. |
Posted at 06/9/2008 13:42 by dibbs Mesquida -I would agree, the penalty the market applies for holding onto cash is certainly far smaller than having to go to the market in the current climate for more! For me a divi from these kind of AIM shares is a bonus, not much of a motivating factor for investing as the possible capital gain or loss on these kind of shares is normally a massive multiple of any divi payment. Others obviously view this differently. Maybe institutions who are of course more important than most private investors to a share price direction view it differently? All depends on everyones own investing criteria of course imo. Dibbs |
Posted at 01/8/2008 08:45 by scburbs Results should be due soon (last year 30th July). Will they release them in time to avoid the ignominity of 5 whole months without 1 single RNS. Terrible investor relations. |
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