Conduit Share Discussion Threads

[lennonsalive] 21/8/2014 10:04

110p, then next stop 114p

[rivaldo] 21/8/2014 08:12

Nice early move today - good to see the bid price up to 106p.

[madengland] 20/8/2014 09:16

Looks like a wee bit of action while I've been away. Be nice if you are right Riv, equally otherwise improving earnings over next year should do the job for us.

[rivaldo] 19/8/2014 08:38

DBAY are as follows:

"DBAY Advisors is a regulated investment manager based on the Isle of Man. It manages funds on behalf of institutional investors, foundations and family offices."

They also have close links with Laxey Partners (who it seems are large shareholders in DBAY).

DBAY are activist investors (see their recent deal with Eddie Stobart). Hopefully some corporate action may be afoot here soon.

[rivaldo] 19/8/2014 07:19

So now we know where Havas' shares went to - they've been bought by DBAY Advisors Limited, who now own almost 6% of CRE.

I wonder if for a while the Havas stake acted as an overhang stopping the shares from progressing - it's possible the market knew that the stake was going to be available.

If so it's upwards and onwards:

[battlebus2] 18/8/2014 07:12

Creston PLC Transaction in Own Shares
Print
Alert
TIDMCRE

RNS Number : 3313P

Creston PLC

18 August 2014

18 August 2014

Creston plc

('Creston' or 'the Group')

Transaction in Own Shares

Creston plc (LSE: CRE), the international marketing communications group, announces that on 15 August 2014 it purchased 100,000 ordinary shares of 10 pence each in the Group at an average price of 104.93 pence per share, for transfer into treasury. The highest price paid per share was 105.0 pence and the lowest price paid was 103.5 pence per share.

Following the share buy-back the Group's issued ordinary share capital consists of 61,337,338 ordinary shares of which a total of 1,437,383 ordinary shares are held in treasury. Therefore the total number of ordinary shares with voting rights in Creston is 59,899,955 ordinary shares.

The above figure of 59,899,955 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Creston under the FCA's Disclosure and Transparency Rules.

[rivaldo] 15/8/2014 15:12

Confirmation that Havas have sold, as we already knew - now, who's bought their shares?

[rivaldo] 15/8/2014 11:31

Moving up on every small buy now....

[dangersimpson2] 15/8/2014 08:55

Yes you are right Riv the 3.8m is the Havas number according to Creston's 2013 AR. Somehow I'd missed the extra RNS from 6th Aug 2012.

[battlebus2] 15/8/2014 08:09

Yep , now 108 to buy.

[rivaldo] 15/8/2014 08:08

...and another 3.34m shares at 105.11p just reported late from yesterday. Intriguing stuff...

[battlebus2] 15/8/2014 08:02

Tick up on the offer side, 107 to buy.

[funkmasterp12] 14/8/2014 22:37

Havas selling would be interesting. They've had that holding now for nearly 2 years and apparently done very little with it so it wouldn't surprise me. It might drive the price back below 100p short term but not too damaging long term.As you say though Riv, who has had 'em?

[smithie6] 14/8/2014 22:20

...maybe someone now has the Havas stake and the Ruffer stake...combined...

[battlebus2] 14/8/2014 22:10

Yes very good news with the buy or sell over the quote 105.

[rivaldo] 14/8/2014 21:19

The 3,792,715 trade is EXACTLY Havas' holding to the last share. So either they've sold, or there's some sort of internal ownership transfer happening.

Frankly if they've sold that's probably a good thing - there's no bid premium in the price at the current miserly valuation :o))

So if they've sold, the interest lies in who's bought....

[dangersimpson2] 14/8/2014 17:46

I wonder if the 3.7m is Havas selling? Might not be short term positive if it is although doesn't affect the long term valuation.

I thought the 3.3m could be Ruffer clearing since they seem to be consistently selling down which would be an overhang cleared however on last declaration they only had 3m so a bit of a mystery.

These should be big enough to RNS so I guess we will find out for definite soon.

[gswredland] 14/8/2014 17:07

Look at those buys at the close!
Augurs well

[rivaldo] 14/8/2014 14:49

Another 100,000 just bought at 104.9p...

[rivaldo] 14/8/2014 13:51

Nor mine sf :o))

Could be another buyback of course, but I don't think so at that size of buy.

[scottishfield] 14/8/2014 11:08

well, I have been buying, but it's not mine riv :)

[rivaldo] 14/8/2014 11:05

....and there's a 190,000 buy at 104.5p just reported.

[rivaldo] 14/8/2014 10:51

Hopefully this period of consolidation is just a precursor to a tasty move upwards.

Certainly looks very promising online.

[lennonsalive] 14/8/2014 10:16

Good to see some movement here at last!

[rivaldo] 14/8/2014 10:09

I think CRE is about to blow.

Online you can only buy 2,500 shares maximum at 104.5p, whilst you can sell at least 15,000 at the 104.25p mid-price.

Looking very good.