Conder Environmental Share Discussion Threads

[garth] 29/6/2004 15:01

Hi DJ.

Have you guys had much of a look at the new phase of AMP, what its emphasis is and the likely impact on the likes of HYD and CDE? Last week's IC piece seemed to imply that into 2006 there was likely to be some impact on HYD - but progress in the US would off-set this. The last results seemed to note a developing product mix, from memory.

G.

[diogenesj] 29/6/2004 14:30

Still keeping an eye out, garth - although once bitten.... Change of management could be just what they need - but I suppose it depends who they can find to sort them out. Hydro proves there's a market out there, and a good one.

I'm inclined to wait for some better news before considering buying in again.

[garth] 29/6/2004 14:24

Results certainly look miserable Charlie. My question would be how far they stand to gain from the next phase of AMP?

At current market cap of £3.3m then they look an interesting tuck-away on any potential of repeating last year's performance. A return to £500k profit would place them on a pe of just 7......

So, a little digging needed? DJ, are you still lurking?

G.

[charlie] 29/6/2004 12:07

Had an order in for some of these just before Christmas at 11p but it never got filled, that was a lucky escape!

Disarray continues it seems today - adjusted eps -1.6p, MD left yesterday, outlook statement doesn't look too hopeful.

[rsharp] 25/5/2004 17:00

Just found this on conderproducts.com:

Conder forge exclusive Deal with Copa Ltd

Copa Ltd one of the UK's leading environmental process and products suppliers announced today that it had signed an exclusive deal with Conder Products Ltd. to cover the commercial market for Packaged Membrane Bioreactor Plants in the UK and Eire.
Conder Products, part of Conder Environmental PLC, is best known for its range of 'below ground' packaged sewage treatment plants and Oil/Water separators, both of which are manufactured in GRP.
This new, exclusive arrangement opens the way for Conder to bring to the market a range of new products utilising Copa Membrane Bioreactor Technology. These products, to be known as Clereflo MBR, are ideally suited where applications demand: high levels of treatment; small footprint; and odour free operation.
Mike Froud (Copa Managing Director) said 'I am delighted that Conder's access to the commercial market and its ability to deliver a quality product and service, combined with our Membrane technology, will enable us to sell a superior product and service into this growing market.'
At a joint presentation, Robert Turner (Conder Director) said, 'we are excited by this new opportunity. There are many applications where the environment demands high standards of treatment and where access to the public sewer is not available. Our new Clereflo MBR range serving populations up to 5000, offers a very attractive and cost effective package.'
The Copa Membrane Bioreactor technology utilises the Kubota flat sheet membrane system currently in use at over 1200 sites around the world.

[nissi beach] 01/3/2004 17:56

director buy in Jan may help limit the fall

WWI

nissi

[kevster] 01/3/2004 16:08

Have recently had my eye on these, but jumping between 12 and 16p has put me off a little, there is no new news which is encouraging me to buy, they'd have to head a little lower before i take a proper look,

Kev

[pugugly] 01/3/2004 11:02

What a tale of woe today:-

Banana skins everywhere - and management seem to have found most of them - Jury very much out. The fact that a distributor is in liquidation is imo (but without knowing the full facts) not an excuse to loose orders - Why did they not buy direct from the manufacturer and Airfreight or express lorry the product to their plant - Failure to hedge $ also a worry -

Have now studied rns in more detail. Last profit expectation I can find is house broker T&G in Feb refs - Forecast dated 19/1/04 giving Pretax of £.25M and eps of 6p per share. The profit loss in the rns seem to add up to £500,000, This appears to imply a LOSS for theyear of £250,000 and proportionate loss per share.

Forward ntav will imo be considerably eroded but do not yet have enough data to calculate. The implicationis also that gearing will increase.

Could someone please check my figures? Am I being too hard on Management?

All imo and dyor -

[garth] 14/2/2004 11:21

I thinks the products look interesting (cf. Hydro), the market set to benefit for leislation? and the forecasts made them look very cheap. But the traing statement was very negative and they nearly halved in price. At 11p/12p I'd be happy to tuck a few away on spec. 15p/16p is a bit rich for me at the moment on the basis of limited free cash and quite happy waiting for IGE, IGP and OMG to come good.

G.

[badabing2004] 14/2/2004 09:21

garth,

what makes you like these then ? just the basics and I will dmor of course...

cheers

[garth] 14/2/2004 09:16

Don't know Jeff, but I was a bit dissappointed to see the bounce the last 2 days - It was nearing the point I was going to stick my toe in again!

G.

[jeff24] 13/2/2004 18:54

5 yearly chart looks like a cup with a handle to me. Don't know it that means anything to anybody?

[adamnw] 09/1/2004 10:54

Given that there have been three Directors buys on 9/1, 6/1 and 19/12 (albeit not very large buys) does this imply confidence or is more of a pulic show of faith?

Adamnw

[diogenesj] 22/12/2003 11:58

Happy Christmas, Wirral & Garth. I won't spoil the festive spirit by mentioning CDE again. :-)

[garth] 22/12/2003 11:10

Wirral,

I thought about getting out friday but the quantity I had really didn't make sense to do so - but then I thought we'd had the savage drop.......

If you look at the outlook statement you either have a management team who are either desperately cynical or in la-la land - or you have a stock which is undervalued on prospects, if not on management track record:

Outlook

"We expect a higher level of orders at Vikoma in the second half together with sales growth from our improved range of waste water products. As a result we believe that the second half will show a very significant improvement on the first half, and that the group will be profitable for the year as a whole. It is likely, however, that the poor first half will make it difficult to match last year's level of profitability.

Looking forward to 2004/05, your board is optimistic that this better second half performance will be sustained and built upon, with all parts of the group contributing to earnings growth.

Mike Killingley 18 December 2003

[wirralowl] 22/12/2003 11:01

Happy Christmas and New Year to you, too Pugugly.

Hi garth - pretty savage, eh ? Not seen any news yet, but not tempted in the slightest to get back in, having lost faith in managment. Hopefully you got out on Friday ?

Happy Christmas to you and DJ too.

WirralOwl

[garth] 22/12/2003 10:58

37 million shares in issue values it now at about £4m? Are they going to need cash?

[garth] 22/12/2003 10:43

OK,

so what happened this morning then? Sell note from their broker?

G.

[pugugly] 21/12/2003 19:42

WirralOwl - At least you made a profit.

Have a Happy Christmas and Profitable New Year,

[wirralowl] 21/12/2003 16:53

Hi Pug,

No, unfortunately I sold VP too early (at 120) so I'm kicking myself a little too!

[pugugly] 19/12/2003 20:59

And to try and get a good weekend press a non exec director buysa all of £1,600 worth of shares - Must ahve forgotten his wife's Christmas Present. Agree with WR - Should have had an rns and if management were not aware of theproblems says something about the financial controls (imo & dyor)
By the way WR are you still in VP - I never got on board and am kicking myself now!

[diogenesj] 19/12/2003 16:19

Agreed, Wirral. Their credibility is now zero.

[wirralowl] 19/12/2003 14:47

Had more time to digest results, and agree, the company should have issued a trading statement - they are well short of the house brokers forecasts. As you say DJ, they would have known well in advance that their forecasts weren't going to be met, and they should have bitten the bullet there and then (would have got off more lightly, probably). However, now, the institutions see a company whose managment they can't trust, and would expect them to give them a wide berth in future. I've done what I always do when I lose faith in management and sold my holding at a small loss.

[diogenesj] 19/12/2003 11:26

I think the answer is yes. The T&G forecast and buy recommendation is dated 22 September in Company Refs, by which date the outcome for the half year should have been pretty clear. It looks as though the company seriously misled the broker and the market, which means, at the very least, that we cannot rely on their promise of a recovery in the second half and next year.

[garth] 19/12/2003 11:04

Should the disparity have been covered by a trading statement/profits warning?

G.