||EPS - Basic
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Cnooc Share Discussion Threads
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|Well this one was a no brainer.
Offer of 155p a share now agreed.
Not a big profit, but a profit is a profit.
|capitalist.I will come clean with you on these even though it is slightly embarrasing.I bought into these this week based on the chart, without doing any research at all.Then when I bought a newspaper not 1 hour later I was shocked to see the management buyout figure of 155p.This was a stupid mistake and one which I do not make a habit of.I sold today purely because I have other prospects which I have done well with recently which have given buy signals again,and I only have so much to spread around,so I had to sell.I think the divi is due soon on CNO which will add a little to the 155.ie 157.3p.if I didn't have other priorities I would probably have held onto them,because as you say it is a fairly risk free proffit.I am quite amused by the statement by the management saying that the stock is unfairly rated by the market and then only coming up with a figure of 155p.pot calling the kettle black or what.Why not give your shareholders what you think the stock is really worth Cannons or stop whining.|
|HOWSER, thanks for the reply. I have to say that I am amazed at the way the market has treated these guys. Their PE ratios are improving, they are in a high growth area, and they make good profits.
Oh well, given that share prices track true worth in a company they will come good long term or the management will buy them out. To me that makes a fairly safe haven in these stormy seas.
|A small proffit and also a dividend of about 2.3 p from memory but not without some risk though even if it is fairly small.|
|Looking at their strategic review they are planning a management buy out at 155p - current price is 147.5p - a guranteed profit - or am I being stupid?
|I cannot find a thread on these guys, so am starting one.
The chart is looking good (so I am told), and the shares appear to be a good buy.
Does anyone have a point of view on these?
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