Cmo Share Discussion Threads

[badabing] 11/8/2003 15:33

kitkat,

quiet on this thread (still what's new).....very undervalued in my book and bags of potential here....when you say last one at 243p, do you mean last MM ?

[kitkat] 11/8/2003 15:26

last one at 243p

[kitkat] 11/8/2003 13:19

looks ready to blast off to 400p

[hemnani] 30/7/2003 10:29

Agree with you - great buying opp. Only one MM on the offer.

[shumba] 29/7/2003 10:48

Yesterdays drop on very small volume could be a buying opportunity

[beckaroo] 16/7/2003 22:29

Can't believe the rise after so long stuck in a rut. Have sold half my holding at 222p but happy to hang on with the rest of my holding until we reach the heady heights of 2001.

[badabing] 16/7/2003 11:49

Is it November the 5th already ?

[badabing] 09/7/2003 09:09

Wait for it....with news like this out there it will be getting recs from all over soon. Up to £2.30 mid now and still as cheap as chips (IMO).

[badabing] 04/7/2003 19:24

Comino Group PLC
04 July 2003



Comino Group plc:

AGM Statement


Comino Group plc ('Comino'), the provider of software based business solutions
for Social Housing, Local Government and Occupational Pensions administration,
held its Annual General Meeting at 11:30am today Friday 4 July 2003.


Following the formal business of the meeting, David Quysner, the Chairman made
the following brief statement to shareholders:-


'Comino was pleased to announce profits in line with expectations and a 19%
headline growth in its business for the year ended 31 March 2003. Particularly
worthy of note are the group's strong order books and early successes in winning
corporate local authority accounts. The prospects for the business continue to
be strong.'

[badabing] 01/7/2003 09:13

Becks,

Obviouslky this is good news although not materially affecting revenues (otherwise an RNS would have been issued). It helps to explain some of the recent rises. I have taken some profits, halving my stake to realise gains in these still troubled markets (a bird in the hand as they say). The rest will be left to run unless these take a serious dip in the wrong direction again of course then it's a stop loss of 20% from 2.20 and out for me.

[beckaroo] 30/6/2003 23:56

From Cominos website. Am tempted to sell out at current levels but then I think the only reason I am tempted is because of the gains that have been made. But then I think about it a bit more and the future must be the best it has ever been for Comino so will stay in a little longer.


Comino Awarded Fifth Scottish Authority
25-Jun-2003

Striving to lead the way as the Best Rural Authority in Britain, Argyll & Bute Council has awarded contracts to Comino for their Universal Government solution.

Covering the second largest area in Scotland, the biggest problem the council faces is isolation and distance. With 3000 miles of Coastline, 26 inhabited Islands and 90,000 citizens to serve, Argyll & Bute are constantly investing in new technologies to ensure distance is not an issue.

Universal Revenues and Benefits is Comino's Workflow and Electronic Document Management (EDM) solution designed for Revenues and Benefits departments in conjunction with practitioners to ensure that service areas receive the optimum from the solution.

The solution was initially installed in the Revenues service with the second phase currently being implemented in the Benefits service. The Benefits implementation will see the Comino solution installed on five inhabited Islands enabling the Council's citizens to call at any of the area offices and have their queries dealt with at the touch of a button.

Comino were chosen on the basis they could provide the Best Solution to meet the authorities needs at an appropriate cost. The solution will help Argyll & Bute to deliver the quality of service they require in the best possible way.

[badabing] 14/6/2003 15:30

Beckaroo,

Good piece. And I still reckon Constellation will make a move one way or the other with CMO. A takeover or a sell at huge premium. Like you say results for this year will be well ahead of last year and with share performance holding all the gains made previously it's still looking very good indeed. I think alot of retail buyers got scared off following price collapse and most likely missed the recent gains and holding back until the press get hold of it again (so today's FT artice may help with that - although he did seem to be saying it's fairly valued for now so no fireworks expected on the back of this just yet).

[badabing] 12/6/2003 10:22

Becks,

If you're still out there get your monitor on CMO again - it's starting to move now !

[badabing] 29/5/2003 09:32

Beckaroo,

Still in there old son. Looks like a cracking set of results and a really positive statement to support them going forward. I still reckon than the Canadians will be rither bid this or seek to find a buyer in the long run here, so I'm holding for the next moves as CMO, one of the few techhies paying a decent dividend don't forget, is still not valued at anything like its true potential in my book.

Bada

[beckaroo] 24/5/2003 13:00

I have held this share on and off for three years now and I only remember once they fell on results day. It tends to be the more highly traded shares that its best to sell off just before results. I admit that the rise to results this year has been higher than ever before but its still a recovery stock with a decent dividend, has lots of institutional shareholders and also some takeover talk so think I will hold till results and see what happens then.

[badabing] 22/5/2003 10:00

Beckaroo,

As always it now becomes a game of hold 'em or fold 'em. Do you sell before the results come through as most shares always seem to rise just before the formal announcment of results and then fall away whatever gets published.

[beckaroo] 21/5/2003 19:04

Results next Thursday (29th) and looks like we should get a rise beforehand. Just saw on the website that the social housing section has won a few more small contracts.

[badabing] 14/5/2003 16:41

This company took large stakes in a US company (HTE Inc) during 2002. They offered $4.50 per share and the company eventually went to a higher bidder (SunGard) for $7 per share. These guys seems to know their stuff to me.

[badabing] 14/5/2003 16:31

Most of Constellation's acquisitions have annual revenues between $3 million and $30 million (US). With the backing of a significant pension fund and 15 acquisitions completed to date, Constellation has both the resources and track record to provide a high measure of confidence and comfort to the owners and stakeholders of the firms that Constellation acquires.

A quick, professional response to inquiries, open and honest negotiations, and clean closure on transactions are all hallmarks of Constellation's approach to ensuring a successful sale.

[badabing] 14/5/2003 16:30

I thought that I nwould find out more about Constellation Software who now have a signifcant holding in CMO. It was very enlightning as you can see below. More will follow.

The Constellation Software Group of Companies

Trapeze Software Inc.
Trapeze Software is one of the leading suppliers of software products for the public transportation industry. Trapeze provides routing and scheduling software for fixed-route, rail, long haul and demand-responsive operations of virtually any size. Over the last five years, Trapeze software products have been installed in an impressive number of transit properties in North America, Europe and Australia.

Emphasys Computer Solutions
Emphasys was formed via the merger in June 2000 of two of the nation's leading PHA software vendors: Creative Computer Solutions, Inc., founded in 1976, and Memory Lane Systems, Inc., founded in 1983. ECS is the nation's largest full-service technology solutions provider that exclusively serves Public Housing and Community Development Agencies. ECS offers a complete suite of enterprise software applications, service and support.

Friedman Corporation
Founded in 1972, Friedman Corporation has become a leading supplier of customer-focused ERP solutions for medium-sized manufacturing enterprises. Companies that tailor their goods and services specifically to the requests of their customers comprise the company's target markets, including building and home products, capital equipment and consumer products. Friedman's highly functional and fully integrated configuration-based ERP system is the leading IT solution used by make-to-order manufacturers.


Harris Computer Systems
Established in 1976, Harris Computer Systems specializes in producing and marketing complete solutions exclusively to utilities. The software applications consist of Utility Billing for both regulated and de-regulated utilities as well as Work Orders, Service Orders and a suite of financial applications. From its base in Ottawa, Canada, Harris Computer Systems has successfully installed its products at utilities of varying size across North America, the Caribbean, Central America, Austral-Asia and Africa.

Constellation Justice Systems
Constellation Justice Systems offers a major advance in legal weaponry-systems that streamline and automate the legal and administrative operations of the prosecuting attorney's office. DAMION (District Attorney Management Information and Integrated Office Network) is an enterprise solution designed specifically to satisfy the needs and challenges of city, county and district prosecuting attorneys in the areas of: Adult Criminal Law; Juvenile Law; Social Law; Civil Law; Standard and Ad Hoc Reporting; Legal Support and Document Management.

Acquisition Criteria




Constellation Software Inc.
20 Adelaide Street East, Suite 1200
Toronto, ON M5C 2T6 Canada
Telephone: [phone]
Facsimile: [phone]

[badabing] 09/5/2003 10:10

RichardJo,

I accept your point and hope that we will see this scenario pan out to a premium when the Canadian's do make their offer (they must be giving some serious consideration now they own 17% - otherwise why are they buying up the stock so fast?). My note was only meant to highlight why the price had not moved significantly following the notification of a 17% holding and the fact that the price over last 12 months might explain why no big moves had occured.

Interesting that at 1.40ish CMO has not gained any real value in over 5 years. I bought these back in 1997 at 1.30p (spooky eh) and saw them take off like a rocket when the .com boom took hold, sold them and have been picking these up again since last year.

[richardjo] 09/5/2003 08:58

BadaBing

That may be the miniumum price they are obliged to make a bid at, it does not mean in any way that the price has to be accepted by the other shareholders. Secondly, I think you will find that they are required only to offer the highest price that they paid during the past 12 months, not the highest price that the shares achieved.

It's promising at the moment. Moving up on low volume. It looks as if a stock overhang may have been cleared.