Conder Environmental Share Discussion Threads

[andy] 05/6/2006 16:58

adorling,

Well done!

I wondered if the 5.38p was a buy!

[adorling] 05/6/2006 16:52

Picked up another 25000 at 5.388p despite NMS being only 10,000 near the close - great price via Barclays!

[andy] 05/6/2006 16:37

leeson,

Well we had a small rally at the end after a few buys this afternoon.

[leesonlookalike] 05/6/2006 15:10

agree Andy - this is so nuts whats going on !

Im holding of course :-)

Leeson

[andy] 05/6/2006 14:41

leeson,

CGT releief is not the only reason I'm continuing to hold, but it is a bonus for those of us here in blighty.

The difficult market conditions aren't helping here, in fact I've been told there is no appetite for smallcap IPO's in the city at present, and for an example, take a look at BRM, which floated on AIM today, and is down 29% currently!

Someone just sold 215k @ 3.5p! I think that's nuts, I would hold at that price, there is little immediate downside from 3.5p IMO, and as a long term hold, if they aquire the quality of asset they intend to, there is plenty more potential for upside in my opinion.

05/06/2006 14:31:07 3.50 215,655 T 7,547.92

[leesonlookalike] 05/6/2006 13:54

maybe wassapper, but theres NO tax for me in the Isle of Man :-) So im annoyed with the current loss im sitting on.

[wassapper] 05/6/2006 13:49

... and the whinging continues. Think positively, you don't want (can't?) sell at this price so you hold and before you know it a year has passed and you CGT is down to 20%. Another year and it will be 10%. Every cloud has a silver lining!

[aimtradercom] 05/6/2006 13:28

biswell,

charting has nothing to do with a junior oiler coming to market, recent turbulance in the market at the time of the attempted AIM placing has done this!!

not too many sells, hardly a rush for the exit is it??

oil price climbing nicely too, long termers will be pleased about that....

[leesonlookalike] 05/6/2006 13:18

44% down. f-kenel

[andy] 05/6/2006 12:33

biswell,

LOL!

[biswell] 05/6/2006 12:29

Twin Peaked chart said it was coming

3p possible today ?

2.5p major support chartwise

B

[andy] 05/6/2006 12:03

Sranmal,

I agree, and the placing will now be at a lower price than we had hoped, that's for sure.

To be perfectly honest, I think they have been caught out by the sudden market volatility, which probably caused the institutions to revise the figure they were prepared to buy in at.

A footnote would have been very helpful, and it's the pitiful price they got that away at that has casued today's drop.

I remain a holder for the longer term, I think that to sell now would hand it to the institutions on a plate.

The price of oil is now $73!

[johnma] 05/6/2006 11:33

Expected some retracement but this is ugly.

[sranmal] 05/6/2006 11:32

Andy,

I agree with what you're saying to a certain extent, hence, my proviso that "the jury is still out". I'm still holding for the AIM transfer and subsequent newsflow. It's just Friday's placing has created a bit of a stink around the Company and changed the perception in the market of what price the Pechora placing is likely to be at.

Maybe a footnote to the placing would have been helpful, explaining why it was price so cheap, ie. it wasn't just to feather their institutional chum's nests. Also, not announcing the delay of the AIM transfer straight away shows a level of naivety from the management which I wouldn't have expected when looking at their CVs.

[mickey take] 05/6/2006 11:21

Andy I recon your right, we need to get the deal sorted and admission to AIM to give them a chance to improve,

Sitting on a paper loss at the mo, but wont be selling here for the long term.
MT

[andy] 05/6/2006 11:12

sranmal,

Not sure I agree with that.

If the institutions won't play ball at a higher price then what choice do CDE have?

And the price is being driven by the market, NOT CDE!

Clearly we are being diluted, not an uncommon event in the market either, sad to say.

My guess is the $100m loan facility form Macquarie Bank has covenants, and they cannot use that loan to buy shares in the placing, and possibly only becomes effective when they list on AIM anyway.

I think we have to give them some time to create shareholder value, and until they close the Pechora deal, they can't start to do so.

[sranmal] 05/6/2006 11:02

There are porbably some larger trades still to show up, sometimes they take more than one day to show up.

Management have a responsibility "to create shareholder value". At the moment, they only appear to be creating value for institutional shareholders by offering them massively discounted shares, and not value for PIs. The jury is most definitely out.

[hard work] 05/6/2006 10:53

Now 4 - 5.50 ouch....38k of shares wipes 44% off market cap? They're having a larf, or creating an opportunity

[andy] 05/6/2006 10:50

Wiganer,

I do feel for the guy that bought 50,000 @ 8.5p at 15:23 last Friday.

01/06/2006 15:32:24 9.00 25,000 2,250.00
01/06/2006 15:20:18 8.50 50,000 4,250.00


The spread is a killer, and I personally wouldn't sell at this price;

CDE 4.50 6.00 -3.25 GBX 38,671

[andy] 05/6/2006 10:46

Wiganer,

Fair comment, and like I said at the weekend, the MM's would murder anyone selling by widening the spread.

In actual fact there have been few trades today, and no size.

05/06/2006 10:30:26 5.00 30,000 1,500.00
05/06/2006 08:18:25 5.00 4,921 246.05
05/06/2006 08:02:05 6.50 3,750 243.75

I guess this represents the market's assessment of the AIM placing price, because after Friday it was abundantly clear the price was too high.

I did feel current holders wouldn't rush to sell, and from the trades above you can see the largest sell is only £1,500 worth.

[wiganer] 05/6/2006 09:14

All that's happening is that a share which nearly 20-bagged since floating at 0.75p in September is correcting to what is probably a fairer value given it's stage of development.

[moggey1970] 05/6/2006 09:10

If they have the 100$ loan then this would be enough to complete the deal and push the share price higher then and only then they should have raised more money proberly at 15 to 20p a share.
I have never seen nothing like this before