Conder Environmental Share Discussion Threads

[garth] 05/2/2007 14:01

HHhmmm. Thanks Frizzer. I'd like to see them do well, but.... This is an interesting comment:

"The board expects the group to be "both profitable and cash generative in 2007/ 2008"

Haven't we been there before?

Did we ever find out where all the cash went in the 'accounting irregularities'? That left a stink IMO - the kind given off be a leaking septic tank. Not sure that it has entirely gone away.

DYOR here.

G.

[frizzers] 05/2/2007 13:34

Here's what he said:

Conder Environmental is somewhat off the beaten track. No brokerscover the stock and last week, not one newspaper picked up on its half-year results. But a lack of exposure can be great news for investors, as it sometimes allows us to unearth hidden gems – such as Conder. On first impression, the group seems dull: it is one of the UK's leading makers of groundwater storage vessels, such as septic tanks, oil/water separators and sewage systems. This market is stable and growing, driven by environmental and regulatory requirements. But more appealing for longer-term investors is the fact that Conder also makes large-scale rainwater harvesting systems, which collect water from roofs, filter out debris, and store the fluid in underground tanks. So why is this interesting? Well, the UK practice of using mains water for all our needs is a waste, environmentally and financially. Mains water is expensively purified for drinking. Using filtered rainwater instead for toilets, white goods, and the garden can cut domestic consumption in half. Even bigger cuts can be achieved in commercial buildings, which have bigger roofs to catch the rain. With 30% of homes now on meters, and more stringent laws on saving water, I believe Conder's harvesting systems will attract more attention. In 2006, larger rival Straight sold over 200% more water-butts than in 2005, driven by hot weather and hosepipe bans in southern England.

Last week's interims weren't great, but green shoots are appearing. The group saw a pre-tax loss of £760,000, and sold its Vikoma International unit for £2.3m. This cash should "significantly mitigate the working capital pressure" Conder has been under since its Hydroserve unit went into administration last June following accounting irregularities. With Vikoma sold, Conder is the group's sole brand. It continues to cut central costs and should recover "a significant proportion of the first half loss by the year-end and be cash generative in the second half". The board expects the group to be "both profitable and cash generative in 2007/ 2008". Assuming a successful turnaround, and an underlying operating profit margin of 5% or more, the shares could double in value over the next two years. With almost zero net debt, the recent success of its new separator range, and annual sales of £13m plus, Conder's market capitalisation of £3.7m seems cheap. So what should we watch out for? Well, any small group executing a turnaround strategy is going to be a high-risk trade. But these concerns are more than reflected in the depressed share price, and I recommend buying the stock as part of a diversified portfolio. Looking ahead, there must be opportunities for export, particularly to areas such as Australia and California, where droughts are more common. One word of caution: if you decide to buy Conder, then the bid-offer spread is about 5%-10% and liquidity is low – so you may wish to drip-feed any purchases into the market to avoid chasing the price higher. Recommendation: SPECULATIVEBUY at 6.5p (market cap £3.7m) Gamble of the week:

[garth] 04/2/2007 15:18

On what basis did he tip it????

[leftfield] 04/2/2007 12:55

Aaaah, thanks for the info Frizzers, that explains alot !

[frizzers] 04/2/2007 11:37

Paul Hill tipped this in Moneyweek. Think that might be the cause of the surge.

[leftfield] 02/2/2007 19:22

WHAT A DAY :-)

[leftfield] 31/1/2007 18:14

And another big buy THIS PM........it's looking better by the day !

[leftfield] 31/1/2007 08:09

AAAAAAAAAH........a little tick up this AM.........EXCELLENT

[leftfield] 30/1/2007 17:44

Whispers of what cap'n fatcat...........the Vikoma disposal.......? Or anything we've not heard yet ?

Nice large buy this PM........but no movement in price which is diappointing !

[hvs] 25/1/2007 19:55

lol !!!

Just read this advert posted in the Daily Mail today , this is how they are treating decent tax payers :

HM TREASURY

" Knowledge Managers"

Thought Gordo had it all.

Read the next bit :

The strating salary will be between £ 40,039 and £ 48,859 .Other benefits include 25 days annual leave and on site restaurant AND FITNESS cENTRE , AN INTRERST FREE SEASON TICKET and CHILD CARE VOUCHERS.

FINAL SALARY OR STAKEHOLDER PENSION.

WORK PATTERN IS FLEXIBLE.

IS GORDO having a LAUGh or what with all he has grabbed. "KNOWLEDGE MANAGERS" ???

Does this mean NO LABOUR has failed with its EDUCATION policies and with everything else it has touched.

Comments most welcome.

[hvs] 25/1/2007 19:55

lol !!!

Just read this advert posted in the Daily Mail today , this is how they are treating decent tax payers :

HM TREASURY

" Knowledge Managers"

Thought Gordo had it all.

Read the next bit :

The strating salary will be between £ 40,039 and £ 48,859 .Other benefits include 25 days annual leave and on site restaurant AND FITNESS cENTRE , AN INTRERST FREE SEASON TICKET and CHILD CARE VOUCHERS.

FINAL SALARY OR STAKEHOLDER PENSION.

WORK PATTERN IS FLEXIBLE.

IS GORDO having a LAUGh or what with all he has grabbed. "KNOWLEDGE MANAGERS" ???

Does this mean NO LABOUR has failed with its EDUCATION policies and with everything else it has touched.

Comments most welcome.

[captainfatcat] 25/1/2007 19:21

Anyone else hearing whispers?

[currypasty] 15/11/2006 16:23

other thread, now ticker has changed !

[fastballfifty] 15/11/2006 16:20

Anyone still there ?

[wassapper] 06/11/2006 21:37

Management are sensible guys. But they have a big job to secure this deal.

[mickey take] 06/11/2006 21:15

volsung – It was the plane that attracted me to this share...

[volsung] 06/11/2006 20:39

I have long been an admirer of Concorde wine especially the rare and fruity 1998 vintage. I have decided to invest in this company because of the happy memories I have sipping my Concorde in the local municipal gardens. Good luck all!

[mickey take] 06/11/2006 20:37

wassapper-What was your impression of the management then?

[maxbubble] 06/11/2006 15:28

tonester if you read closely the timetable he sets out - they are only a few months behind. I still think this will come good shortly.

[tonester30ccfc] 06/11/2006 15:22

That article is dated September 2005.

There has been a lot of water under the proverbial since then.....and no oil

[maxbubble] 06/11/2006 15:21

maxbubble - 26 Oct'06 - 16:46 - 1709 of 1735 edit




"That would involve a move up to AIM. Concorde looked into starting out as a shell on AIM, but found no nominated adviser would take it on under the new AIM rules. Says Hughes, 'if we get the first acquisition right, the share price should be between 50p and £1 within five years."

[robin_of_loxley] 06/11/2006 15:19

I see no news iffy fast ball....

or maybe we should call you wide ball ;-)

no advice intended,

RoL
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[robin_of_loxley] 06/11/2006 15:15

I had fastballiffy:

Maybe I need to put the telescope up to my other eye....I see no news?

To what are you referring?

I suggest you are referring to nothing, unless you have any evidence to the contrary

regards,

RoL
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