Conduit Share Discussion Threads

[rivaldo] 09/9/2014 16:13

Sanlam are merely saying that as the market re-rates CRE to nearer the 150p target price, or more, that re-rating will take place over time rather than with one dramatic announcement.

Which is exactly what's been happening since the start of 2014.

[markie7] 09/9/2014 15:57

no, it can be significant, but take a long time.

[smithie6] 09/9/2014 15:49

a dramatic, but gradual re-rating

...surely the writer must have missed his English classes....surely dramatic and gradual are contradicting words !?


like saying a boxing fight is going to be a lively boring fight...

[rivaldo] 09/9/2014 12:29

Sanlam initiated coverage and came out with a Buy and a 150p price target during my hols:

http ://www.proactiveinvestors.co.uk/columns/broker-spotlight/16857/broker-spotlight-tesco-debenhams-direct-line-csr-and-afren-16857.html

"Finally broker Sanlam rates Creston (LON:CRE) and Cello (LON:CLL) its top picks in the advertising sector. Both are ‘buys’ with former worth 150p and the latter 105p.

Initiating coverage of Creston, it told investors: “Although Creston has higher execution risk than Cello, there is scope for a dramatic, but gradual re-rating - it trades at the bottom of its peer basket due to its historic track record and concerns over deferred payments, which are no longer an issue.

“As the group demonstrate earnings enhancements, the valuation gap should diminish, as seen by Cello Group over the past eighteen months.”"

[rivaldo] 09/9/2014 07:32

RNS - DBay Advisers have bought another 300,000 shares and are now above 6% at 3.84m shares:

[madengland] 08/9/2014 23:07

Penny a day.....hmm where will we be year end? You got it....200p

[lennonsalive] 08/9/2014 15:45

Excellent, love the small rises

[rivaldo] 08/9/2014 15:36

Yep, up we go again. A 0.5p-1p rise every day suits me fine.

[madengland] 08/9/2014 10:32

200p we can see you....

[qs99] 08/9/2014 07:50

Obviously confident enough to use the cash this way, an increased share price may also help them do more deals...

[battlebus2] 08/9/2014 07:46

Yes very good news Rivaldo...

[rivaldo] 08/9/2014 07:30

Another 300,000 shares bought back - this will start to have a materially beneficial effect on CRE's EPS for the year, with 1.86m now bought back in total:

[madengland] 06/9/2014 15:01

Looking like we are about to make a leg up towards destination 200p

[rivaldo] 05/9/2014 12:06

Good to see more buybacks whilst I was away on hols. They seem to have cleared out any sellers, with the price steadily moving up on any buying.

Given 12.23p EPS forecast for the year ending in only 6 months' time the share price is still very cheap imo on a P/E of only 9.1. With around a 4% dividend yield too.

[madengland] 03/9/2014 09:12

It looked like a buy for sure. Significant? Who knows. A bid may be the way to get our return, but I still feel we are going to see a rerating and also an improved sales/profit carry down. 200p target year end.....

[smithie6] 02/9/2014 20:38

btw
nothing stopping Havas using the fin. co. to hold its stake !!
unlikely but u never know

[scottishfield] 02/9/2014 15:03

Wonder if that big trade this morning is a buy?

[madengland] 26/8/2014 13:22

Not sure that the price was being held up by Havas given speculation of a t/o had faded? Remaining hopeful that we will start to see some better sales to bottom line carry down and a continued economic improvement leading to a sizeable re rating on the back of better eps. My target is 200p by year end

[funkmasterp12] 22/8/2014 10:08

Riv - great posts above. Very surprised this has held up despite Havas coming out and a takeover off the table. I haven't held here for a while but I remain interested and will watch intently over the next few weeks.

[smithie6] 22/8/2014 09:48

free Creston shares.

(WESP. share price is around 50-55% of the NAV....
so imo shed loads of assets for free if value NBI shares at 100%
....Creston being one
value WESP has in NBI shares is basically the same as WESP share price)

I posted this info in the past.....
to see similar up to date version see my post on NBI msg. brd. from about 30 mins ago.

[battlebus2] 21/8/2014 18:57

Great to be in profit so soon. 155p will do nicely for me.

[smithie6] 21/8/2014 18:09

chart definitely has an uptrend...over last 2 years...
although quite spikey along the way

(started at 96p back in 2000...
with inflation that is perhaps 200p now....
so long term shareholders are well underwater....
if it can get to 150p it would be a good reduction of their loss to now)

[smithie6] 21/8/2014 18:02

been watching....

28k bt. at 110p

Riv.
that you topping up !!....just to have a few more !

[rivaldo] 21/8/2014 14:22

Broker targets range from 119p-125p, which are extremely miserly imo given:

- consensus 12.55p EPS this year and 13.15p EPS next year
- 4.1p and 4.35p dividends respectively
- plus a substantial cash pile (say 10% of the m/cap)

I'd be more inclined to target 170p for a forward P/E which would still be only 12.9 (and that's before stripping out the cash), assuming this year progresses as hoped.