Conduit Share Discussion Threads

[rivaldo] 18/11/2016 10:28

The other point here is that for European agencies - I'm thinking particularly of Havas - CRE is a lot cheaper to buy now than it was a few months ago given the pound's weakness.

I'm holding to see what happens, as at worst the DBAY offer will go through and at best....a bidding war! Well, we can hope anyway....

[lunanlodge] 18/11/2016 09:45

Offering no more than the share price was this time last year.!!

[smithie6] 17/11/2016 18:36

...good luck to holders....hopefully you get a higher offer

[joe say] 17/11/2016 12:06

Good point - i note the irrevocables are under 7% so all is not lost/over yet

Cue bidder number 2 please

[rivaldo] 17/11/2016 12:01

Cheers QS99. This analyst comment below backs up my thoughts that 125p is an absolute steal - the usual industry multiple would be 50% higher than this, equating to a price of around 180p.

Perhaps we may yet get further action here. DBAY are an "investment value advisor" - I daresay if someone else came in with a decently higher offer they wouldn't be averse to taking the money and running:

"1001 GMT

Shares in Creston jump 31% to 123p after the advertising and public relations company agreed to be bought by funds controlled by its shareholder, the investment management company DBAY Advisors for 125p a share. The price, which values the company at GBP75.8 million, equates to an enterprise value of around 5.5 times Ebitda, which is well short of the "reasonable industry multiple" of 8 times Ebitda, says N+1 Singer analyst Jonathan Barrett. Has a buy rating and 135p target price."

[qs99] 17/11/2016 11:27

I wonder if all are happy with this tho.....not a huge amount of irrevocables....Riv sums it up well IMO

[smithie6] 17/11/2016 11:19

....DBAY offer finally happened..

Small/low premium imho.

Shareholders phps had a fair downside risk if another bad trading RNS issued (happened before) but only a small upside gain 30%.....for me it was a bad/dull risk reward....


At least Don Elgie made at least 6M out of Creston imho via benefits and shares !!
----

(Always a concern for me at such moments is whether any dirs agreement gets 'bought' by any secret deal from the buyer, although phps not applicable this time)

[toffeeman] 17/11/2016 10:41

Not so pleasant for all the CRE managers who bought stock at over 160!

[funkmasterp12] 17/11/2016 10:09

Wow! Didn't see that coming, well done to Riv and other LTHs for holding and making a good return.

[joe say] 17/11/2016 08:43

Pleased to see the news and even more pleased to see it the same time as the market (for a change)

[arthur_lame_stocks] 17/11/2016 08:26

Well I think it's a low price but I only bought recently for under £1 so i'm happy enough with a >25% gain.

[madengland_] 17/11/2016 08:10

Riv, more a long term comment.....take a look at Cre share price over the last dozen years or so. Yeah today ok, far from impressive but ok. Anyway I'm not in, I just watch the stick as a small hobby having had years of disappointment. I actually got in just after the reverse takeover so for a few years made good money. Anyway all the best

[qs99] 17/11/2016 07:23

wow, didnt see that coming. Well done holders....looks like NEDs have decided enough is enough?

[madengland_] 17/11/2016 07:14

Well Riv not quite the 130 from Edison, but hopefully you're out with a profit mate. GL Am sure it will be dismantled and somebody will finally make good money from what's been a forever lacklustre poorly run business

[qs99] 16/11/2016 13:58

doesn't bode well IMO with the fall off in shares...DYOR

[madengland_] 16/11/2016 13:53

Disappointing results is the rumour.....Cre have specialised in under delivering over the years hence the p/e

[value hound] 20/10/2016 15:08

Results on the 17th but - more importantly - no warning which confirms they're way too cheap.

[rivaldo] 10/10/2016 12:31

CRE's TMW wins Ferrero Rocher account - pass the chocolates Ambassador!



"Ferrero, the Italian chocolate company, has awarded TMW Unlimited a place on its digital and social roster following a competitive pitch handled by Roth Observatory. TMW Unlimited will work across three brands from the Ferrero portfolio: Kinder Bueno, Tic Tac and Raffaello."

[rivaldo] 22/9/2016 13:30

RNS out - Artemis have bought another 240,000 shares since their last holding RNS. They now own over 16% at 9.42m shares:



Artemis, DBay, Fidelity and Argo have all been buying and now own 53% between them...

[rivaldo] 16/9/2016 07:30

New partnership with media planning and buying agency Goodstuff to come together on new business opportunities:



Goodstuff have some terrific clients - Disney, ESPN, Celebrity Cruises, Hiscox, House of Fraser etc etc - bodes well for CRE:

[rivaldo] 09/9/2016 08:48

Good to see a single £2,300 buy cause a tick up today. Perhaps stock is scarce at present.

Given that DBay, Artemis and Argos have all been buying and now own 47% of CRE between them, stock scarcity is hardly surprising :o))

[rivaldo] 07/9/2016 14:57

Rising nicely today. With 12.1p EPS and a 4.6p dividend forecast this year the P/E and yield remain extremely attractive.

[rivaldo] 06/9/2016 11:55

Liberum today reiterate their Buy and 170p target:



Edison's 130p would be fine, but 170p is much more like it.

[madengland_] 06/9/2016 11:38

If I was holding now that's not what I would be wishing for must confess