Clrstar (DI/S) Share Discussion Threads

[rhodesthomson] 27/2/2008 09:34

Closed my short this am. Thanks for the heads up on the MBO konkel, hopefully you were short like me. Keep up the posts - hopefully your timing's always so good.

[rhodesthomson] 26/2/2008 14:21

That's what I like to hear.

[konkel] 26/2/2008 12:41

Why go short ahead of the MBO??

[rhodesthomson] 26/2/2008 11:49

ISTC nice little deal. Another 5% up today on somewhat diminishing volume. Looking to short unless volume pick up returns?

[rhodesthomson] 21/2/2008 09:51

Good move up today. Been recovering on improving volume this week. Results due on 14th March. Back up to 160-180p by then?

[welsheagle] 12/2/2008 20:56

From February's 'Company Refs', when price was 137p:-
a/ Prospective PE ratio of 6.35 (based on three broker forecasts, one recommending 'buy', one recommending 'overweight and one with no recommendation').
b/ Forecast growth in eps of 7.4%.
c/ Positive cash flow per share of 34.7p per share.
d/ Net cash per share of 50p.
e/ PEG ratio of 0.86.
f/ Five directors buying recently.
g/ Turnover up from £119m to £160m in last two years.
h/ Net asset value per share of 96.2p.
i/ Dividend of 5.25%.

[rhodesthomson] 12/2/2008 16:24

magic stuff, up 10% in ten minutes.

[bearstalker] 11/2/2008 12:52

This looks desperate, keeps falling like a brick with little or no respite

[rhodesthomson] 07/2/2008 13:57

great recovery, all down to me going long at 121.5 and getting shafted with 1250 shares!

[rhodesthomson] 07/2/2008 13:28

Need Standard Life to do some clumsy buying to get this thing moving.

[m4m] 07/2/2008 11:28

Aye no support on chart

[not manu] 06/2/2008 00:57

I've done analysis on the major fund managers.

CLST has a diversified profits base unlike BRW, LIO, RAT etc.

However, the problem is that they derive a significant profit from bull/bubble market activities.

If you look at the June 2007 interim report, you will see that 62% of the net profit related to capital market fundraisings (40%) and corporate finance advisory (22%). In the light of this, share price below £1 would not be unreasonable.

[silverballs] 31/1/2008 17:06

Have been following these along since the abortive talks with Nomura.Trading must have been difficult for brokers since the begining of the year and is reflected in the collapse in the share price.However todays price has a better feel to it.Nothing more than that really.Anyone got any views on this ?

[pugugly] 17/12/2007 13:26

Sunday Telegraph


Nomura, the Japanese banking behemoth, has approached Collins Stewart about a
takeover of the broking and corporate finance group chaired by Terry Smith; any
successful offer would probably need to value the business at more than 700 mln
stg before receiving the blessing of the Collins Stewart board -

[its the oxman] 17/12/2007 09:31

700m price tag = c.270-275p share price - would be nice

[welsheagle] 16/12/2007 19:44

LONDON (Thomson Financial) - Speculation of Japan's Nomura being in talks with Collins Stewart PLC surfaced this weekend but people who know the brokerage and corporate finance group say it is unlikely chairman Terry Smith will sell the business.

The Sunday Telegraph said without citing sources that the talks are understood to be at an early stage and no formal offer has been made by the Japanese company.

But people who know the company well would expect chairman Terry Smith and chief executive Joel Plasco to grow Collins Stewart and find more superior return for the company rather than sell it.

Terry Smith has created over 1 bln stg worth of value in Tullett Prebon in four years, which is what people who know the company expect for Collins Stewart.

Collins Stewart is a FTSE - 250 constituent valued at 443 mln stg, but any successful offer would probably need to value the business at more than 700 mln stg before receiving the blessing of the Collins Stewart board, the newspaper said.

The Sunday Telegraph added that contact between Nomura and Collins Stewart has been initiated through Hawkpoint, the boutique investment bank that Collins Stewart bought last year.

The most recent meeting between Hawkpoint representatives and Nomura was last Tuesday, held at Nomura's offices in Regent's Park in London.

Although directors at Hawkpoint have been at the centre of developments, Nomura is understood to have expressed an interest in acquiring the entire Collins Stewart business, rather than bidding for parts of it, said The Sunday Telegraph.

Collins Stewart shares jumped on Friday by 8.4 pct to 180.5 pence on rumours that it had received an expression of interest from a Japanese buyer.

Nomura is believed to be scouting the City of London for financial businesses to acquire after this year's credit crunch has left many with share prices languishing at historic lows.

Since Collins Stewart de-merged from its sister company, which formed Tullett Prebon, the inter-dealer broker, in December 2006, its shares have fallen sharply, being particularly badly hit by this summer's market turmoil. The shares hit a high of 270 pence at the start of this year.

[its the oxman] 05/12/2007 16:18

can't believe its anything other than a great purchase point for you looking out 6-12 months - but so hard to say when these oversold shares will bounce - heavily derated but no one cares for now - that can't last forever can it?

[eastbourne1982] 04/12/2007 13:40

just purchased a few more around 1.58

good luck

[its the oxman] 30/11/2007 16:37

still ridiculously cheap but what can you do - need a bid approach or something for a broker to really stir things up in the sector.

[eastbourne1982] 26/11/2007 14:42

just been buying some of these in lumps, average around £1.63, seem oversold to me and I am targeting £2 in the short term

[its the oxman] 14/11/2007 15:47

even cheaper now 179p

[jamier] 30/10/2007 16:43

Any reason for the rise?

[its the oxman] 30/10/2007 16:33

good rally into close c.213p - getting ready for next leg up hopefully

[welsheagle] 09/10/2007 20:27

From November's 'Company Refs', when price was 207p:-
a/ Prospective PE ratio of 10.3 (based on three broker forecasts, one recommending 'buy', and two recommending 'overweight').
b/ Forecast growth in eps of 9.13%.
c/ Positive cash flow per share of 34.7p per share.
d/ Net cash per share of 50p.
e/ PEG ratio of 1.12.
f/ Five directors buying recently.
g/ Turnover up from £119m to £160m in last two years.
h/ Net asset value per share of 96.2p.
i/ Dividend of 3.21%.