Compass Share Discussion Threads

[evilwebby] 02/3/2006 13:14

Then again, andyj, it bloody well should be with the FTSE at these nosebleed levels!

[dhb368] 28/2/2006 13:54

Looks we just fell off!

[andyj] 28/2/2006 11:42

Looks like the short term downtrend is breaking and curving round for another upward move.

[dhb368] 27/2/2006 12:33

Big boys still accumulating. I wonder if we will se a predator surface once SSP has gone. The disposal would certainly make CPG an easier purchase.

[dhb368] 21/2/2006 16:36

Mmmmm. Another day of indecision.

[dhb368] 20/2/2006 16:47

Right at the top of the short term down channel. Not sure it is strong enough to push through 218. Blue day tomorrow?

[bahtat] 20/2/2006 12:15

The share price is still solid in it's downtrend. The longer term charts show that well.

Any sale of SSP or other divisions, no matter how well priced, are still a 'fire-sale' during a torrid slide in CPG's credibility.

If SSP is sold at a premium, what's left?

Where does increased profitability come from?

[ggekkko] 15/2/2006 18:45

closed today, perhaps temporarily, there are signs of indecision in the intraday and closing candle

[beta_adjusted] 15/2/2006 13:28

Confused about today's news: Moto is part of SSP, so how can it be bid for separately? also unclear as to whether the SSP sale will involve the sale of Moto's property assets or not. i.e. does the £1bn SSP price mooted everywhere include the £500m+ property assets in moto? (surely not, but then does the £1.5bn figure occasionally mentioned include the Moto property?).

These are the key questions. Until the precise details of the SSP sale are announced, there is no clear indication of which way the share price will go. IMO, £2.20 prices in a £1.5bn sale of SSP, but does not factor in any possible deterioration in the business, i.e. it assumes CPG will achieve the 850m over 3 years FCF target, and leaves the group trading on a P/FCF of around 14x (somewhat unclear: some of the cash from SSP sale will be required to generate the new FCF, so I assume half of the SSP sale proceeds are returned to shareholders).

B

[ggekkko] 13/2/2006 21:04

that's why i'm shorting her
good move today, i'm looking for 210p, then 200p as the next targets
downtrend looks to be in place for sure

[dhb368] 13/2/2006 10:50

Stunning collapse this morning... :-(

Looks like you were right GG, at least short term.

[ggekkko] 10/2/2006 18:55

todays FT

'The Compass board came in for a very hard time at the annual meeting today. Our correspondent Salamader Davoudi had a ringside seat and sat there politely while Mike Bailey, the group's embattled chief executive, had a swipe at the press.'

[ggekkko] 10/2/2006 18:46

there was a gap up to start the day, then the price fell, so techinically it's down

not only have we seen a head and shoulders formation, we are now well and truly within the downtrend

[dhb368] 10/2/2006 17:06

My monitor shows that we are up 2.5 on the day and up 6.5 (3.3%) for the week!

It tells me that the bulls were not strong enough to get past the 50dma. However the lack of bad news in the coming weeks will see this one gradually move up. All IMHO.

[ggekkko] 10/2/2006 16:36

but still in a downtrend, these minor increases are nothing more than fluctuations at the end of the day

i mean the price opened at 223.5 and closes at 220.75 - what does that tell you, it's effectively down on the day that the trading update is released

went down well didn't it, nothing in the statement is correct or bagged, apart from the fact it's trading poorly

[dhb368] 10/2/2006 16:20

LOL! That depends on whether you are long or short!

IMHO This has been pushed below 250 by the prospect of further bad news. Inline with expectations means exactly that. The results will be poor compared to two years ago, but the share price was in the region of 400 then! The concensus PE ratio for 2006 of 14.2 is better than the sector average.

Inline figures will confirm that the company has turned the corner and surely increase the prospects of a buyout. The SSP sale will only help.

Pleased to see we passed my 220 target.

[ggekkko] 10/2/2006 16:20

not a good reaction to the update really
it says nothing more than they are doing as expected - poorly
the market clearly didn't take to the rise we saw at the start of the day

[dhb368] 10/2/2006 10:49

Thats a relief. Trading in line and we should get some news re SSP soon.

Where are you GGekkko?

I would filter you but I would love to see you explain your earlier comment
'i understand the update in march is not good news as well'

Have you got so little in your life that you have to pretend to be something you are not? How sad. I would pop into your building society and pick up a piggy bank. That seems to be your level.

[dhb368] 09/2/2006 15:16

Looks like the auction is going well. Estimates of 1.1b to 1.4b for SSP seem like good news to me.

Funny how the derampers have gone quiet!

[sundan] 09/2/2006 14:23

AGM 10 feb 06. div payed 6 march.