these results are great if it wasnt for the faild takover they would be marked up |
I have sold my small holding for a little profit as these sell drip trades may force it down to 200p when I would buy again. |
any day now? |
Must be some announcement at or before results.
"Comino Group plc, the provider of software based business solutions for local
government, social housing and occupational pensions administration, will
announce its Interim Results for the six months ended 30 September 2004 on
Tuesday 9 November 2004." |
come on where is the bid news? |
Happy enough to be back in - the cheap stock seems to have gone. Just sit and wait now, I think. Even if the bid does not materialise, the shares are pretty cheap and should do OK in the medium term even if they fall to 170 or 180 pdq. And if the bid does pop up, well, I'll be looking at a quick turn. |
 Copied from previous thread May this year
Independent Comment
Comino 'a sitting duck' as software groups attract takeover attention
Small Companies Notebook
By Stephen Foley
04 May 2004
Comino is a "sitting duck for a takeover", our City sources tell us. The takeover of London Bridge Software by the US group Fair Isaac reminded people that Comino - whose software systems are used by housing authorities to make dealings with their tenants more efficient - attracted transatlantic interest last year from Constellation, one of the big players in social housing software in the US.
Constellation eventually sold out their stake and Comino's shares have gone nowhere in the interim, despite an improving profit performance. Results are due later this month.
Speculation as to who might take a pop at the business is centring on Civica, which floated in London in February and which is hunting for acquisitions. Civica is a big supplier of software to local authorities, helping to issue parking tickets, monitor bus lanes and collect taxes. What it doesn't have is a big presence in social housing ... which is where Comino would fit in.
With Constellation still keeping an eye on developments and other acquisitive domestic companies also likely to be hovering around, Comino is one to watch. |
If there is a bid it may come from civica or across the pond |
well it appears the selling has stopped, just need some buying now |
So was the 6425 at 208! |
Thanks crossgate - I'm watching for the same reason. Not sure what the right price is yet. |
Well, the share price is saying something.... |
Is the takeover going to happen?Who are they talking to? any opions? |
Wow, wall to wall selling and still it rises. I joined the club today - it's getting too close to where I think the bid will be pitched and something could always go wrong...
Best of luck with the ride, spooky. I agree completely about your volume argument. But do remember that there are arbs out there, especially US ones, who pile in to many stocks on the announcement of a bid approach |
I didn't notice the other announcement sneaked out yesterday about the insurers coughing up. That's cleaned the company up, making it a tastier morsel. |
Thanks for that, spooky. I take your point. Are you suggesting that the potential acquiror is picking up a chunk of the stock now, to demonstrate they are serious and also to get the shares more cheaply than if they pay the full bid price?
Unlucky farsight. If you didn't work for a living, you might be better off! |
I wish I didn't work for a living and could be around to spot this sort of thing. Sigh. |
No,the market is willing to buy a large line of stock at this new higher price,they have a buyer.This usually indicates to me that the bid is real and will be followed up.Not foolproof but a good indication. |
I think that the fact that Comino have engaged an advisor is a sign that talks are fairly well-advanced. (Is that what you meant by looking for size?) |
Agreed, spooky, about the price. I wouldn't rule out a contested bid, either. Comino is the last company of its type not to be taken out yet. |
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