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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Conduit Holdings Limited | CRE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -0.20% | 504.00 | 12:29:33 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 501.00 | 501.00 | 504.00 | 505.00 |
| Industry Sector |
|---|
| NONLIFE INSURANCE |
| Top Posts |
|---|
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 12:03 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 14:08 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 18/6/2015 07:25 by rivaldo Interesting article about CRE and their new acquisition:"'New biz' pitches are of course an essential part of agency life, but are becoming increasingly time-consuming for the bigger accounts, and can be costly if the pitch isn’t successful, which could be a problem for a medium-sized group like Creston. But pitching for a big new account is difficult if you haven’t got the scale, and you can’t get the scale without either significant new biz wins, or costly acquisitions… it’s a classic vicious circle. One way round this, however, is to buy a stake in another company rather than the whole thing outright – this not only creates scale without excessive leverage, but also buys new clients, expertise and influence, and of course you can always up your stake later. And this is exactly what Creston did last week. Creston shelled out £1m (of which 50 per cent will be invested in the business) for a 27 per cent minority stake in highly-rated London creative agency 18 Feet & Rising, which has the likes of Skoda, Allianz, Nando’s and House of Fraser on its books. Not only does the deal give Creston more scale, and access to that enviable client book, it also allows all its agencies to make use of 18 Feet’s much-awarded creative team, and its expertise in above-the-line advertising (something the group hasn’t had since it disposed of DLKW five years ago). And, backed by Creston’s resources, 18 Feet can continue the remarkable growth it has shown since it was set up in 2010 without having to borrow. Late last year the agency lost one of its biggest accounts, Nationwide, to VCCP, so it would have spent the past few months casting for something to replace the lost income; although it should be said that the business looks in pretty good shape: for the financial year ended 31 December 2014, 18 Feet & Rising grew revenue by 24 per cent to £2.7m. The deal is being marketed as a partnership (Creston is very fond of partnerships – in the last month or so it has announced tie-ups with trends consultancy the Future Foundation; US digital healthcare specialist Propeller; and The Digital Consultancy, the last of which will see the two companies collaborating on pitching opportunities), so 18 Feet will be rebranded as 18 Feet & Rising Unlimited when it is pitching with Creston, or when it is working on shared business like Allianz. Whilst Creston only holds a minority stake, the fact that it has more than 25 per cent will allow it to block special resolutions – things that govern changes to shareholding, sale, additional investment, etc (unless there has been a specific agreement to the contrary), so effectively Creston does have a degree of ultimate control over certain decisions, which may be uncomfortable for the majority shareholders. However, this situation can work well for both parties; whilst Creston (may) have effectively locked in 18 Feet as part of the Creston Group as there will be a very limited market for the remaining 73 per cent given the founders may not be able to offer control to another buyer, on the other hand 18 Feet will continue to ‘feel’ like an independent, but have the comfort of a strategic investor whose interests are aligned as equity owners (unlike banks, who are only interested in getting their money back). Everyone’s a winner? Without knowing the nitty-gritty of the deal we can’t say for sure, but it certainly looks as though both parties will benefit operationally and financially and I would like to think careful planning around this deal has meant both sides’ interests are aligned. " |
Posted at 16/6/2015 15:37 by rivaldo Cheers gb - reads very well and should attract a few fresh investors here. |
Posted at 12/6/2015 08:17 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 19:30 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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