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CRE Conduit Holdings Limited

461.50
-7.50 (-1.60%)
30 Dec 2024 - Closed
Delayed by 15 minutes
Conduit Investors - CRE

Conduit Investors - CRE

Share Name Share Symbol Market Stock Type
Conduit Holdings Limited CRE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-7.50 -1.60% 461.50 16:29:59
Open Price Low Price High Price Close Price Previous Close
469.50 458.00 470.50 461.50 469.00
more quote information »
Industry Sector
NONLIFE INSURANCE

Top Investor Posts

Top Posts
Posted at 16/8/2024 06:31 by kiwi2007
LEX in the FT gave reinsurers a puff on the 14th.

Pricier home insurance leaves some investors reaping the gains Premium content
Hefty capital returns to shareholders in reinsurers are expected, with shares likely to follow

Bought a few but wondering 'Am I too late to the party'?
Posted at 28/2/2024 15:05 by hpcg
Very different business. Insurers listed here and in the US are doing well. Investors have forgotten what they are like when interest rates don't start with a 0.
Posted at 31/1/2024 12:03 by rolo7
Pickdd up a few shares here inpressed with investors meets interview in November
Posted at 04/6/2021 11:03 by riverman77
Also added a bit here as been a bit soft recently - probably just too under the radar for most investors so not expecting any fireworks here, but confident this will do very well over next couple of years. I agree insurers such as this look a good steady place to invest in right now. Also hold BPM which is a fund of mainly insurance companies, which are all performing well, and trading at big discount.
Posted at 31/8/2016 13:08 by rivaldo
The aims of the Argonaut Fund are:

"The Argonaut Fund aims to produce substantial capital growth, by investing in micro capitalization mis-valued companies quoted on European stock markets. The fund focuses particularly on little-known or poorly followed smaller companies and situations that have been ignored by mainstream investors (often because they are considered to be too small to be of interest). The fund is managed with a rigorous “Value Investing” philosophy, aiming to limit potential downside in the selected shares, ensuring a “margin of safety”. As a result, after more than 10 years since launch the fund has showed itself to be counter-intuitively resilient during market falls. This “Long Only” fund is alternative by nature, but traditional by structure. It is not tied by country, index or sector weightings and invests opportunistically as situations arise."
Posted at 18/2/2016 14:28 by smithie6
Madengland
"With so many separate companies bought, previously led by entrepreneurs who are long since gone with payouts, and a philosophy of paying top dollar to the top brass (for achieving very little), "

got my vote

difficult sector imo for investors......the stars at creating ideas and slogans etc.....know who they are....and why work for X per year when they can set up on own and get much more...they dont need to build factories or invest millions in R & D (except for the digital section perhaps)....so they can extort the mega salary they want, reduce company profit or can leave....with risk that clients impressed by them might also leave....
Posted at 25/11/2015 09:03 by rivaldo
Good to see others recognising the buying opportunity:



"The City expects Creston to chalk up earnings growth of 6% and 5% for the years to 2016 and 2017 respectively, leaving the business dealing on ultra-cheap P/E ratings of 10 times and 9.5 times. When you factor in chunky dividend yields of 3.2% and 3.4% for these years, I believe current share price weakness could represent a lucrative dip-buying opportunity for patient investors"
Posted at 16/6/2015 14:37 by rivaldo
Cheers gb - reads very well and should attract a few fresh investors here.
Posted at 12/6/2015 07:17 by penpont
Thanks for the info rivaldo. Also reviewed by ST in the IC on 10/6

'On the crest of another run

Shares in small-cap marketing communications company Creston (CRE:135p) have reacted positively to yesterday’s full-year results and have passed through my original target of 135p, a price level that was also achieved at the end of last year after I initiated coverage at 118p in the late autumn (‘Buy the break out’, 4 November 2014).

However, I still feel that a run up to the 150p level is on the cards as I noted when I last updated the investment case (‘On the acquisition trail’, 23 April 2015). If this target is achieved the rating would still only be 10.5 times conservative looking EPS estimates of 14p for the fiscal year to end March 2016 based on forecasts from brokerage N+1 Singer. For the fiscal year just ended, the company delivered 11 per cent EPS growth and diluted earnings of 13p a share beat analyst expectations by around 4 per cent. In turn, this supported an 8 per cent hike in the dividend to 4.2p a share. A further hike to 4.7p is predicted this year to give a prospective dividend yield of 3.5 per cent.

At the end of March the company had an £8.3m cash pile, since when the board have been deploying these funds wisely. In April, the company acquired a 51 per cent stake in How Splendid, a London-based digital design and development consultancy, a deal which I analysed in depth at the time (‘On the acquisition trail’, 23 April 2015), and has just announced another strategic investment alongside yesterday’s results: a 27 per cent stake in 18 Feet & Rising, a London based advertising agency.

Established in 2010, 18 Feet & Rising works with brands including Allianz, Cuprinol, Nando's, House of Fraser and ŠKODA, for which they created the world's first ad campaign to use eye-tracking technology. Half of the £1m cash consideration will be invested in the business to help accelerate its growth. In 2014, 18 Feet & Rising grew revenue by almost a quarter to £2.7m, so the business is being valued on a reasonable 0.7 times’ sales. This means that Creston has now deployed virtually all its net cash after the period end, but with annual operating cashflow of around £8.6m and credit lines of £35m in place, the company is well funded.

The bottom line is that with the company posting organic revenue growth for the first time in four years, and utilising its cash position wisely, then investors are likely to continue to warm to the strong investment case which I outlined when I initiated coverage at the end of last year.

Offering a further 11 per cent share price upside to my new target price of 150p, and underpinned by a 3.1 per cent historic dividend yield, I continue to rate Creston’s shares a buy on a bid-offer spread of 133p to 135p.'
Posted at 09/6/2015 18:30 by smithie6
( while Im a fan at the mo at this price ...what an absolute disaster this co. has been for investors since it started in 2000. Losing investors money. Hopefully it can now start to perform and make up lost ground.)

While the last MD made around 6M pnds out of it over 10 or so yrs. Ridiculously over rewarded...for which Dave C. Marshall should take a lot of the blame imo....was boss of renumeration comitte if my memory is correct....was a nice gravy train for them both....and current boss also did very well over those yrs..

Apologies for my little gripe !

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