Conder Environmental Share Discussion Threads

[garth] 20/7/2007 07:46

Torabora,

You've shown near god-like prescience. Well done.

G.

[cockneyrebel] 20/7/2007 07:38

Now we know why directors were buying recently - reckon these have a chance of getting bact to their previous 20p in the next 6 months.

CR

[rik shaw] 20/7/2007 07:12

Conder Environmental plc ("Conder" or the "Company")

Pre Close Trading Update

The directors of Conder are pleased to announce a trading update in respect of
the year ended 30 April 2007. Since the interim results for the group were
announced on 26 January 2007, a significant proportion of the first half loss
has been recovered in the second half. The second half has also been cash
generative, following the disposal of Vikoma International Limited, previously
announced on 26 January 2007.

Further, the group has achieved a small profit before tax in the first two
months of the new financial year. The Board expects the year ending on 30 April
2008 as a whole to be profitable and cash generative.

The Company expects to issue its preliminary announcement of its results for the
year ended 30 April 2007 in mid-September.

[manrobert] 19/7/2007 16:41

a strange share price fall for the day considering 155000 shares bt.

[manrobert] 19/7/2007 13:03

torabora.hope i havnt put the mockers on your investment.bt 100,000 in two lots this morning and price has since fallen back.maybe same mms.as nta.

[torabora] 18/7/2007 19:58

garth, to me, we only need to see the best part of the first half loss made up. The results have to be at least 6 weeks after the director buys, so within the next 12 weeks, we should see action. If one waits for the results, it may well be to late, the stock will just get marked up on the day. The buying of the last few days, [since the directors bought] to me says it all.

[garth] 18/7/2007 19:34

Fair enough Torabora. You are showing a profit and for that you are to be congratulated - genuinely. My words of caution are for those who might follow without quite so deft a foot. If Conder really have turned a corner then they represent great value but may take 6-18 months for that to be evidenced, IMO. My main concern is that the MD might have been expected to have had a better view... considering his experience.

G.

[torabora] 18/7/2007 18:01

Good points Garth, I am upbeat, cos it is clear to me, this share has been held back by the past.Now,if, they have not got a large part of the loss back, in the second half, we should have seen a profit warning. [We have not.] Then we need to understand why they have just bought shares.They have bought cos they are cheap and they know it.!!!!!I have only bought in a few days ago,but, with a clear head. For old shareholders like you, it is hard to understand why i am so keen, however,the past often gets in the way, ie you could have topped up,but you are held back. The large shareholders, seem to have stayed, that is also a good pointer. With shares like these, trust has gone down the pan, over the last few years. Now i for one, are of the view, that they have gone far to low, and real value can be bought on the cheap.Shares mean a fast buck to some, and a long term investment to others.The end game is the same PROFIT.

[garth] 18/7/2007 17:21

torabora - 18 Jul'07 - 15:08 - 18 of 20

What i like is the fact that they know they can pull back most of the first half loss by year end, and the fact they new this in Jan 07. What if they come out with a very small profit? If they do that, we are looking at 30p per share.!!!!!.

Torabora,

If you compare your post with the actual statement from the interims that the company made you will notice that their "should have recovered" has become your "they know they can pull back" and their "
a significant proportion" has become your "most of".

Interim outlook:
"The Group should have recovered a significant proportion of the first half loss by the year-end and be cash generative in the second half. The Board expects that the Group will be both profitable and cash generative in 2007/08."

The guidance from the company appears to be that they hope that a profitable second half will lead to a reduced loss for the year, with a cash-generative second half (ie cash outflow overall?). They expect that to be sustainable into next year so as to deliver a profitable year next year.

I hold some of these. It is in my interests for them to go up. There is, IMO, the potential for a 20p share price if they delivered on potential that has been evident for a few years. But that is still a big if. They have looked a good potential bet before - and failed to deliver. Directors have bought before. Management has changed before. Anyone tell me for 5 points what the MD's previous job was?

You are right that there is potential here. They still have it all to prove. The only people who stand to gain by over-spinning it is those looking to make a fast buck.

G.

[torabora] 18/7/2007 16:36

Top ten riser [on a very bad day for the markets]

[geologic] 18/7/2007 15:53

year end 30th april,so finals due soon?or poss.trading statement.

[torabora] 18/7/2007 15:08

What i like is the fact that they know they can pull back most of the first half loss by year end, and the fact they new this in Jan 07. What if they come out with a very small profit? If they do that, we are looking at 30p per share.!!!!!.

[geologic] 18/7/2007 14:55

zooming now.sold / disposed of loss makers.cash in bank?and profit making.dirs.buying and small mkt.cap.lot more to go for imho.

[torabora] 18/7/2007 13:57

All the posts above are in my view, I am not God.Looks as if others can see what a great little company this could turn out to be.The new FD, would in my view, want to start out, to be seen as 100% above board.Profit is what we want,and that will push the shares higher. We still have a value of under 5M pounds, pointing to a £500,000 profit for a full year [07-08.]As i am looking at twice that, and more, we have a long way for the shares to go.Looking back i see cash was raised at 10p a share, at the time punters who bought ,must have been looking for a return of at least 20p per share.

[torabora] 18/7/2007 13:47

Brando69, If I told you my holding in NTA, I would also be telling the market, that would not be a smart move, in my view.

[brando69] 18/7/2007 13:43

tora - with respect - why is it you are happy to ramp up conder by talking about your investments on the nta board, but refuse to answer questions re your holding in nta?

[cockneyrebel] 18/7/2007 13:02

Well, nice timing if I say it myself :-)

Back to 20p hopefully - wish I'd noticed the new FD a bit sooner.

CR

[cockneyrebel] 18/7/2007 11:33

Well up the leader board :-)

CR

[cockneyrebel] 18/7/2007 11:19

Have been buying the past few days - new FD, directors buying loads and saying they will be back in profit all looks good.

Murder to buy any decent volume tho.

CR

[geologic] 18/7/2007 11:19

chelverton growth trust bought in a few weeks ago at around 5p.i should have purchased then but didn't have the confidence.still a good sign.
they also pur.genc.any views.

[trustman] 18/7/2007 10:07

TB...suspect you are right on this one.A new incoming entrepreneur would really accelerate the whole process.This is a cracking shell and if discredited old management are confident enough to buy, just think what a bit of charisma would do!

[torabora] 18/7/2007 07:23

What tends to happen, is this, They [the company], know, that to start the ball rolling the results, HAVE, to please. I point out, that, the past is not good. This is why the shares are so cheap.They stated in Jan 07, that, [in my words], most of the first half loss will be clawed back in the second half. If this is the outcome, one should in my view , be buying shed loads. I must also point out, that i have done very well, with other shares that have been in the dog house. Why have the directors just bought in ?????. Well in my view they know far more than me , you , or the city.

[garth] 18/7/2007 06:34

Conder Environmental PLC
20 June 2006

CONDER ENVIRONMENTAL PLC - 20 JUNE 2006

TRADING STATEMENT

Summary

Further to the announcements made on 10 & 23 March, the Group is now expected to
have made a loss for the year ended 30 April 2006 in the order of #3 million,
subject to the outcome of events described below.

This is wholly as a result of the losses incurred by Hydroserve, in providing
repair and maintenance of the clean water mains distribution system. Hydroserve
is being placed into Administration today. This decision has not been taken
lightly but was considered to be the only way to safeguard the remainder of the
Group.

In the year ended 30 April 2006, Conder Products and Vikoma produced unaudited
profits in the order of #500,000 and #250,000 respectively, before Group costs.

Hydroserve - Results

Internal investigations led to the discovery of accounting irregularities, which
were reported on 10 March 2006. The Board appointed independent accountants PKF
to undertake a review of the findings of the internal investigation. PKF's
review has confirmed that the management accounting information of Hydroserve
was materially mis-stated from May 2005. Cumulatively to 31 December 2005,
Hydroserve revenues had been overstated by #569,000. Internal investigations
showed that in the same period costs were also understated by #463,000, giving a
total mis-statement of #1,032,000.

......................continues -> search the newswire for the rest..............

For further information contact:

Mike Killingley (Chairman) 01962 711395
Jon Varney (Group Managing Director) 01420 470811
Mike Sawbridge (Shore Capital) 0151 600 3722

[garth] 18/7/2007 06:27

"...its Hydroserve unit went into administration last June following accounting irregularities."

[garth] 18/7/2007 06:22

Torabora,

You've pretty much said all that needs to be said in your header:

"looking at the past will stop you buying them,"

When there are substantial question marks over management statements and activity in the past then you have to treat their forward statements with some caution, IMO.

Good luck with them though. A link to my old thread might help new punters to do do their due diligence.....?

G.