Commoditrade Share Discussion Threads

[sheeneqa] 28/3/2009 12:03

Bunch of porkers, only interested in lining their own pockets, barge and pole!

[donny brassedoff] 26/3/2009 16:50

This has my interest.

[kooba] 24/3/2009 07:17

also shows that the new management's interests are becoming more enlined with shareholders...a major step forward for this company!v encouraging.

[truffle] 24/3/2009 07:12

Well, the CEO purchased 700,000 shares in December at 3.5p, and 250,000 shares yesterday at 4.25p, making his holding totally 950,000 shares.
I take that as a pretty good sign of some confidence going forward, particularly bearing in mind the general market conditions.

[donsan] 23/3/2009 20:33

obviously time for porkie & best et al to top up. Say no more.

[kooba] 23/3/2009 17:27

looks like tonto was busy mopping these up this afternoon then or possibly an institution that is aware of corporate governance policy going forward.

[kinbasket] 23/3/2009 08:50

More huge bonuses and sign on agreements.

This is a company run by a few traders to make themselves money. Shareholders will be lucky to ever see any returns.

Cash earnt will go on "bonuses for the lads" first.

You'd have to be tonto to invest in a company with such a random remuneration policy. No advice intended and all that..

[kooba] 23/3/2009 08:44

qs9 £4m of that cash has already gone to paying for the fund management deal.real kitchen sink job with goodwill now almost off balance sheet.looks profitable and cashflow positive going forward..but real potential is if they can widen their base into other commodities including softs. agree re broker and research but i believe they may be working on that.

[qs9] 23/3/2009 07:59

interesting: £14m market cap, nearly £6m cash, call it £8m EV with £2.6m underlying OP.

What is unclear is how much of the £11m share charge is a recurring figure?! If the entire £24.5m is non-recurring, then we can run I presume with the underlying OP, in which case there is value to be had.

Either way, this company should IMO get a decent IR team on board and get a broker to publish a decent note so we can all make sense of this enigma! Next time anyone phone's them tell them to pull their finger out in this regard. Thanks

good luck

[kooba] 23/3/2009 07:10

Final Results for the year ended 31 December 2008


Commoditrade (ticker: CMM.L), the commodities investment group, is pleased to
announce its audited results for the year ended 31 December 2008.


Summary Financials
+--------------+--------------+------------------+---------------------------+
| Revenue H1 | Revenue H2 | Total Revenue | Profit from on-going |
| 2008 | 2008 | 2008 | operations prior to |
| | | | non-cash items |
+--------------+--------------+------------------+---------------------------+
| GBP7,750,000 | GBP9,956,000 | GBP17,706,000 | GBP2,548,000 |
| | | | |
+--------------+--------------+------------------+---------------------------+


* Gross Revenue GBP17.7 million (2007: GBP33.9 million)
* Profit from operations prior to non-cash and sign-on bonus items GBP2.6 million
(2007: GBP16.1 million)
* Total of GBP8.9 million in cash back to shareholders during the period via a
GBP5.0 million dividend and GBP3.9 million share buy back balance
* No debt at year end with net cash at bank of GBP5.7 million
* Translation reserve increased to GBP3.1 million due to foreign exchange gains
* After including non-cash items totalling GBP24.5 million (*note below) and
sign-on bonus payments of GBP0.5 million the Company incurred a loss for the
year of GBP22.4 million (2007: Loss GBP6.3 million)



Strategic and Operational highlights
* Management changes made during the year including the appointment of David
Phipps as Chief Executive on 3 September 2008
* Formation of Commoditrade Asset Management Limited ("CMMAM") and reorganisation
of operational platform ahead of the Group's future product diversification
* Strong LME base metals franchise was further enhanced with additional market
professionals during the year
* Acquisition announced on 1 December 2008 of AMCO Management Services Limited,
the controlling partner of AMCO Commodities LLP, a commodities fund manager
("AMCO") and following receipt of approval to the transaction from the FSA on 18
February 2009, completion of the acquisition, took place on 20 February 2009.

[a2584728] 11/3/2009 12:07

Now hearing that company is going to use the current climate to get all of the dross off the balance sheet, leaving it clean for the future......interesting.

[a2584728] 04/3/2009 12:07

Trading update coming this month, should be good I think.

[jakes114] 21/2/2009 19:27

emailed the compamny lsat week, did get a reply which is better than a lot of companies I have tried to contact lately, the reply was noncomittal but did confirm that it should be reporting its preliminary results some time in March as it has in previous years
Still awaiting FSA approval for the acquisition of AMCO announced last year, coo I expect the FSA are busy right now
Jakes

[sheeneqa] 06/2/2009 11:42

QS9 - 5 Feb'09 - 20:02 - 2302 of 2302


new holder now on board....interesting to see


Get yer specs on!

[qs9] 05/2/2009 20:02

new holder now on board....interesting to see

[a2584728] 27/1/2009 11:55

Is anyone hearing that there is a broker note coming out??

[waldof] 22/1/2009 16:08

Please do some business with us....please...

[waldof] 16/1/2009 16:35

But i am fat piggy she' don't you remeber...you always accuse me of having my snot in the trough.

Now go along and post some more song lyrics or even pictures of gold watches as you are prone to do...you know when you show us what watch you wear. Enough said i think and hurry up or you will miss the bus home.

[sheeneqa] 16/1/2009 16:08

Better informed than you ding a ling, if you had listened to me 6/7 months ago
you would not have a sore butty box now......... oink oink!

[a2584728] 16/1/2009 10:33

Sheeneqa can you please change the record, not only are you ill informed but you are extremely boring.

[waldof] 15/1/2009 15:53

oink oink she'.........what it is to have influence, now you get back to work its too early for you to punch your card.

[sheeneqa] 15/1/2009 15:39

Recollect that a good percentage have been already and been divied up amongst the porkers ready for when the news machine starts and the rampers are in rampfantastic mode, cue waldy!

[dasv] 15/1/2009 13:21

they would have to exercise their options before selling them?

[sheeneqa] 15/1/2009 12:56

Any strength in the share price will soon be taken advantage orf by the piglets to sell their squillions of options!