Cmo Share Discussion Threads

[adrenalin.dog] 15/4/2002 15:28

Any one know whats going on here. Buyer pulled out on Thursday and the price moved up on Friday. All quiet today though.

Is there likely to be another buyer in the wings?

[redd] 29/3/2002 00:22

My feeling is, as there is another interested party, north of £2. However, the initial bid may be lower to test the water. Certainly will be fun if a bidding war starts.

[blueflame] 28/3/2002 10:07

Flying today after they announced an approach to buy them. What would be the likely take out price?

[redd] 22/3/2002 20:02

Apologies NJP, it was an innocent error and I am happy to say you are correct. However, it turned out fortuitous as I probably would not have bought otherwise. But at least I will not make that mistake again. Good day all the same!

[cowyed] 22/3/2002 14:38

Right Comino now in play:

Constellation software - www.csisoftware.com owns Emphasys, a US Public Housing Software operation - see www.emphasysworld.com.

Many synergies between them and Comino's Social Housing Division.

Buying obviously on weakness, either Emphasys wants a European presence, or wantys Comino's workflow technology for its US operations.

There is no sign from Constellation's website that it is interested in partial ownership

[njp] 22/3/2002 12:29

Come off it, Redd! You can't add cash per share to NAV per share; the cash is part of the NAV. Agree these are cheap, though.

[redd] 21/3/2002 22:10

Would have to agree with the title. This is beginning to go up again after concerns about trading. Compared to most 'Techs' they are in an enviable position with NAV 65.3p and cash worth 58.8p per share = 124.1p (current share price 118.5p). They have said that they were profitable in the 2nd half but possibly not enough to cover 1st half losses. But at least they are now profit making and in a good business area (supplying Occupational Pensions, Social Housing and Local Governments). This has good potential to recover.

[maryquant] 18/3/2002 15:07

Nice nosey buying in COMINO

peak tender season around now...

Come to your mommy and announce local authority contract wins


COMMMMMINOOOOOOOOOO

[mcooke01] 28/1/2002 11:38

The worrying bit I would say is the "development issues surrounding the Occupational Pensions product". I wouldn't invest in a software company that doesn't know how to develop software! That is fundamental to what they do, so I don't see a rosy future for this company. (Imagine if a car company put out a statement saying they had "development issues" "surrounding" their new model.)

[dan_bach] 28/1/2002 00:10

Just caught sight of the 23% fall in shareprice on the back of this trading statement, any thought which way they will go now?

25 January 2002

COMINO GROUP PLC

TRADING STATEMENT

In its September 2001 trading statement, Comino Group reported that performance
in the first half of its financial year had been significantly below expectations. The Interims Report confirmed this and the Group announced a loss for the six months to 30 September 2001 of £1.1 million (before charging goodwill amortisation of £148,000 and £165,000 of costs associated with the new venture, Comino Techflow).

The disappointing outcome was principally attributable to three factors: delays in the award of local authority contracts; increased development costs for Occupational Pensions and a related deferral of revenue; and an increase in overheads to support growth which had yet to materialise.

Whilst the Local Government order situation is improving, the prospect list continues to be affected by slow decision making. As a consequence, although the Group expects to be profitable in the second half of the year, it may not now be possible to recoup the full extent of first half losses. However, the outlook for the Group remains very positive.

Social Housing continues to operate profitably and enjoys a high level of repeatable income from the customer base. The client base is moving steadily from legacy software to new generation Comino products.

We have a significant opportunity in Local Government and continue to invest in this area to provide fully functional e-government compliant products in line with central government policy. In addition, the upgraded product for our existing Local Government customers has now been completed and will provide a better balance between new customer sales and sales to the existing customer base during the coming year.

Significant progress has been made in tackling the development issues surrounding the Occupational Pensions product and the underlying problems have largely been corrected. The problems have seriously impacted this years performance but the order book is now building and we expect this division to return to profitability next year.

The current financial year is a disappointment. However, the Company is strongly positioned in each of its markets and is reinforcing this by the continuing development of sophisticated, cost effective and flexible solutions. With patience and with the continuing efforts and commitment of management and employees, we expect to see the Group's considerable strengths translated into commensurate profitability in near term.

[novision] 26/10/2001 14:36

hold the front page - dodddy's gone long !

[dodddy] 26/10/2001 14:08

picked a few of these up today

[adamh] 28/7/2000 15:57

yep, looks not to bad.... What do they do ?

[adamh] 28/7/2000 15:54

I'll post the chart for all to see....

[upyrgunga] 28/7/2000 15:40

Up 29p t'day

[upyrgunga] 27/7/2000 22:39

Check it out chaps

U Y G