Coe Group Share Discussion Threads

[g7vqo] 07/2/2005 11:17

This is getting silly now !!!
WRG

[codot] 28/1/2005 17:27

Anybody ANY idea when this "sleeping" share might wake up? - yawn!!

[k38] 18/1/2005 22:31

This sleeping dog is about to....
NO MORE FROM ME ON THIS dog:-{

[k38] 18/1/2005 22:27

GayBriefs

SCOOT?? oh dear
dream on:-}
LOL

[gaybriefs] 17/1/2005 14:39

LOL...!!!Scoot,bad old days,now a recovery play..!

[codot] 16/1/2005 21:55

Is AGM this week, 18th?? If so some good news would be welcome, might even catch the attention of mm's!!

[chaswold] 15/1/2005 17:56

Yes, but not very many...I had 100,000 Scoot which cost £660, now have 2000 Coe. Hope this helps,
C.

[paulsutton61] 14/1/2005 13:15

i had 2500 scoot shares 3yrs ago, do i now own COE shares?.

[downbutnotout] 10/1/2005 10:42

ref 20 of 24

sorry, I got it wrong.

dbno

[jbarcroftr] 10/1/2005 09:48

Andrew Wallace is a very well qualified guy and well thought of...he will have thought long and hard before joining .Underpinned by 2m property i see COE as an excellent risk/reward situation

[gaybriefs] 10/1/2005 09:45

Agm a week tomorrow I will be going and will give this bb an update .

[storyboy] 08/1/2005 16:51

The group own the premises as stated on page 8 of the Annual Report 2004 and the increase in value is not shown in the accounts, they are shown at 1.095m, therefore an upside in assets of £855,000. With a market cap of just over 2m. Seems there could be plently of upside if the company can start and get its act together.

[venomousviper] 04/1/2005 12:09

Their property has been recently revalued and is worth 1.95 million as stated in the Directors Report on Page 8 of the prelim report received last week in the post.

[downbutnotout] 04/1/2005 09:38

I think they rent the premises.

[jbarcroftr] 04/1/2005 08:34

Directors statement of 21 dec...
Sales up 35% and "We believe the business is capable of returning to profit in the short term"This was written 10 days before the end of the period!
I am looking for 350k in the first half and 450k in the second.Of course the market will want to know its sustainable.But even on a p/e of 5 coe should be 20p +And what is its property worth?

[royalalbert] 03/1/2005 20:29

More info on that statement JB please.

[jbarcroftr] 31/12/2004 08:51

MY top tip for 2005

[codot] 24/12/2004 10:58

Thanks for the advice guys, on reflection it makes more sense to hold. We have come this far and if the news is good in March we might make some money in 2005.

Merry Christmas and a Happy and profitable New Year to all COE'rs.

[storyboy] 22/12/2004 14:24

If the new CEO is putting up £40k of his own dosh, he would appear to believe he can turn this company around and I would have thought that all the bad news is now out in the open, so onwards from here, and roll on March update.....

[rbonnier] 22/12/2004 12:36

CoDot if this is about to return to profitability at this level its time to start buying not bailing.

Merry Christmas

[gaybriefs] 22/12/2004 10:31

Certainly a mixed bag of results with plenty to reflect on.IMO key to coes future depends on the company winning more contracts.
Further to 25october1969 post I would also add that the following statements to yesterdays announcement are of equal importance.

1)"Andrew Wallace, Chief Executive Officer, has conditionally agreed to subscribe in aggregate for
500,000 Placing Shares in the Placing. Following completion of the Placing, Mr Wallace will hold
500,000 Ordinary Shares, representing approximately 2.66 per cent. of the issued share capital of the Company."

2)"Results for six months ending 31 December 2004 are expected to show
substantial improvement over the corresponding period in 2003."

3)"Improvement reflects strongly recovering revenues, which are expected
to be more than 35 per cent. higher than the corresponding period in 2003,
and reduction in cost base implemented 12 months ago."

4) "If the recent level of sales can be maintained then we
believe that the business is capable of returning to profit in the short term.
We are now in a position to grow the Group."

So Wallace is stumping up £40k ,Interims in March are likely to show significant improvements,and the group may announce back to profitability all this from a company with a market cap of £1 million .!!

[codot] 21/12/2004 22:47

I've held shares since Scoot.com, but it seemes it is time to bail out and put the whole thing down to experience. A bad experience!!


Kind regards

Codot

[25october1969] 21/12/2004 16:38

I think the key paragraphs in the Accounts are below -

However, the nature of the Group's business is such that there can be
considerable variation in the timing and amount of cash inflows and therefore
there is uncertainty as to whether the cash flow projections will be met. If
the Company or its subsidiaries were unable to continue in operational
existence, adjustments would have to be made to reduce the balance sheet values
of assets to their recoverable amounts, to provide for further liabilities that
might arise and to reclassify fixed assets and long-term liabilities as current
assets and liabilities. It is not possible to quantify the effect of such
adjustments on the Group's financial statements.



Whilst the Directors are presently uncertain as to the outcome of the matters
described above, they believe that it is appropriate for the financial
statements to be prepared on a going concern basis."