Clipper Ventures Share Discussion Threads

[pat dunk] 19/2/2007 15:23

who is CR? excuse my ignorance!

[w r] 19/2/2007 12:05

whats CR's view on these at the mo? anyone know?

[pat dunk] 16/2/2007 08:46

I think the news of the opportunity is getting out there. I tried to buy some more this morning and am being quoted the same.

[tyranosaurus] 16/2/2007 08:37

The price went up as I was logging on to my broker.
Quoted 16.2p to buy 10,000 shares.

I think I will wait and hope for a lower price soon.

[pat dunk] 16/2/2007 08:16

If it was an institution selling their stake, wouldn't they have to announce their reduction in holdings? My guess is a broker themselves picked up some of the placing and are making a turn on it.

I find it hard to understand anyone selling at this stage. I do not necessarily have my facts right but from what I have found out, the company has more than enough cash to go forward. It has stated it is going to announce £900k profits for its year end in April, so it is operating on a p/e of about 6, never mind the cash it is now sitting on from the placing. But the biggest point to my mind is that it effectively has already secured alot of next year and the year after's sales in written contracts. It seems to me that the stock took a hit because of the collapse of the Challenge business, which should have been a plus, because now Clipper has no competition. It has a successful business model that it has shown works.

It was going great guns until the problem with the keels, which is now well and truly resolved, but has made no difference to the share price. It is as if someone has been deliberately trying to drive the price down, I guess to try to take it over. I fail to see how this stock can not rise from here. I am aiming to double my money, which I do not think is a tall order. all IMHO!

[nickcduk] 15/2/2007 18:25

It was a strange day today. There was still plenty on offer at 15.5p until Wins moved the bid up. They then moved it upto 15.75p offered in 100k+. I was tempted to pick some up on the basis that the overhang must be close to being cleared and if so price should rally a fair bit. I didn't end up buying though because so much stock was still available.

The placing itself involved 7m shares being issued. The CEO purchased about 50k worth and the other directors converted 200k of loans into new shares at 15p. Those are quite considerable sums. They have brought shares previously as well though so its no guarantee. I doubt those who took part in the placing are flipping their stakes so quickly. Its not going to ingratiate themselves to the broker for any future placings that they may wish to take part in. My guess is its an institution who has grown tired of the story and is taking the opportunity to exit whilst there seems to be some demand.

Either way hopefully it ends soon and the company and share price start to make good progress going forward.

[pat dunk] 15/2/2007 17:55

It was E trade that I bought my shares through yesterday, but today I picked up some more and I got them at 15.5p, although when I tried later I could only get 15.75p. I really think this stock is a dead cert at this price.

Am I right in saying that the directors bought shares in the placing too, as well as converting loans. They clearly belive in the future of the company if they have bought more shares. It seems to me that some one unscrupuless has picked up shares in the placing and have then dumped them for a small turn. Were there many available for sale today? I don't have access to that information.

[dibbs] 15/2/2007 15:08

Mesquida,

That sounds exactly like H. Brennan.

I despise HB, they seem to sucker in very inexperienced investors who think that they are getting a broker that will give them advise etc. What clients get is a salesperson who will ring you each time they have a line of stock to shift. Stock often from poorly subscribed offers in dubious companies. Not saying that this is the case with CLV, just venting off my anti HB aggression!

Dibbs

[mesquida] 14/2/2007 21:01

Yes, nickcduk is right, the stock was well offered at 15.5p all day, so what is with all those trades at 16.85p? I can only think that some broker took a lump on the placing at 15p and is now talking all its clients into buying the stock at this higher level whilst claiming that their buying price is lower than the official price. All a bit fast in my opinion, particularly if the broker is charging commission on top! Certainly it could not be described as best execution! Seem to recall that Hoodless Brennan once had a lot of clients in this stock, and this sort of dealing has often been their modus operandi. So come on pat dunk - spill the beans and let us know who you were dealing through today and just why you chose today to buy rather than yesterday or the day before!

[nickcduk] 14/2/2007 19:42

Are you serious about paying 16.85p? There was 125k available all day on selftrade at 15.5p. I kept on testing it to make sure and it was available all day. I saw all the buys going through at 16.85p and couldn't understand where all those trades were coming from when there was what seemed unlimited quantity still available at 15.5p. I was going to pick some more up thinking at some point all those buys going through will clear the market but left it due to the 125k at 15.5p being on offer.

I picked up my original stake yesterday via Selftrade at 15.5p. What broker were you using by the way?

[pat dunk] 14/2/2007 18:04

how do you know that it was possible to buy at 15.5p? when I bought today the best i could get was 16.85p?

[nickcduk] 14/2/2007 14:51

Interesting to see all the buys go through at 16.85p when its very easily available at 15.5p. Not sure whats going on to be honest.

[pat dunk] 14/2/2007 14:16

dibbs

I too bought at this level 18 months ago, but did not sell, so have watched them go up and down, but I have taken the opportunity to top up again and at least I have the comfort that if I do make a profit from this share eventually it will get taper relief! Some consolation. Sadly agree on the management thought but we can always hope that they are getting older and wiser.

Pat

[dibbs] 13/2/2007 21:58

nickcduk,

Funny, I bought CLV at a similar price 18 months or so ago. I was lucky to sell out at a reasonable profit, although not the sort of profit that CLV should have yielded, had they performed to the EPS forecasts at the time.

At 15p with funding in place the future prospects could be rosy and CLV could multibag from here, although this will probably be despite the management rather than due to them!

I think that the bottom should be near, as you say it might take a while for momentum to build.

Dibbs

[nickcduk] 13/2/2007 08:31

Ive jumped on board. Was looking for the price to go near the placing price before moving in and 15.5p is close enough for me. There was 100k on offer though so it might take a while for any upward momentum to build. It seems as though CLV is now fully funded and so removes the lingering concerns of old. Now it needs to build up a stable record of profitability and hopefully that will lead to a much higher share price in due course.

[strutt12] 13/2/2007 08:26

as if like magic 15p has arrived!!

[mesquida] 09/2/2007 18:25

After the recent series of substantial trades ( another one today ) it would be a surprise if we did not get an RNS next week. Seems to me that this is not the time to be selling out, Joan of Arc!

[mesquida] 08/2/2007 08:38

What about ¨bonding days¨ for executives - this is a market that is now wide open following the demise of Chay Blyth´s company.

[joan of arc] 08/2/2007 08:03

So now they have raised £2.5m, what are they going to do with it? I can't see how the extra capital is going to grow the revenue side.

[tyranosaurus] 06/2/2007 18:23

We are always the last to know.

[joan of arc] 06/2/2007 18:16

That doesn't make sense. Yesterday I tried to sell 40k @16p. Even though I had the order open to fill all day only the minimum market size of 5k was accepted. So there has to be another explanation.

[pat dunk] 06/2/2007 11:23

it seems that someone is being allowed to build a substantial position but without it moving the price and without any announcements despite the quantities being way over the 3% notification figure. As per usual with this company we are being kept in the dark again! I guess it is good news but frankly who knows!

[strutt12] 06/2/2007 09:49

Price dropped today to let someone buy 2 million

[pat dunk] 31/1/2007 09:29

how long do the FSA rules allow before someone has to notify a 3% interest because these trades amount to more than 3% if it is the same client.

[strutt12] 30/1/2007 16:30

And 566,000 today