Conduity Capital Share Discussion Threads

[topvest] 16/9/2014 12:51

They seem to be making steady progress and no surprises so not sure why this is down sharply today. The lack of performance fees this year was already alluded to. On the good news side the Magna range of funds seem to be progressing well. They have always treated shareholders here well with their distribution policy.

[smithie6] 16/9/2014 10:45

further to post 165

nice to see Jim Mellons CCAP down over 8%

been a sizeable loser for any followers of Simon Thompsons tip


(check out Jim Mellons actions over at Manx Financial...
shed loads of convert. shares ...at a much lower share price ...
dodgy ? ...stealing shareholders assets ??)

and also bad conduct of Charlemagne at ECDC imo

[topvest] 15/7/2014 09:25

Yes, but good inflows on Magna. Performance fees look like they will be lower than last year. Overall, seems to make steady if not spectacular progress.

[chrisdgb] 15/7/2014 09:04

A business still struggling for traction....

[smithie6] 17/2/2014 12:47

"tightfist 7 Feb'14 - 13:13 - 162 of 164 0 0

A Simon Thompson 2014 "Bargain" tip in the IC"


but ST doesnt know how to spell the words "massive dilution"
he probably doesnt even realise !

[smithie6] 17/2/2014 12:46

The dilution that I have warned about has started....
3% more shares recently

many many more to come....from James Mellon and Arron Banks

[smithie6] 10/2/2014 14:34

I wonder if Simon Thompson would have tipped them if he had read the message boards and/or knew the details of Charlemagne and director conduct (esp. James Mellon) at

- MFX
- ECDC

At ECDC the MD and inv. manager are Charlemagne have turned tens of millions of pounds into peanuts.
Not a good indication of the investing skills of Charlemagne. While they are undoubtedly very skilled at taking an inv. managers cut off every thing that happens ...well multiple cuts from your invested money ....enough to put me off ever investing with them !!

(at ECDC it looks like they took a cut from doing the IPO....a few million...and then every year they take over 2% of the assets as inv. manager and also every possible cost is charged as a cost...on top !.....and they also charge for being the co. directors as well !
At ECDC the amount of money that Charlemagne have "taken" is probably the same as the remaining value of the investment, around 5 M pnds,
while money raised from shares is 50-60 M pnds.

disgraceful imo.

(ADVFN fin. page is wrong imo for ECDC, it gives cap. value as pnds whereas it is in fact in Euros imo, 20% lower)

[tightfist] 07/2/2014 13:13

A Simon Thompson 2014 "Bargain" tip in the IC

[topvest] 07/2/2014 08:59

A very big jump this morning. Not complaining!

[topvest] 14/1/2014 11:26

I've got back into these today. Pretty impressed with their performance given emerging markets has been a very difficult area. Looks like there is scope to grow the Magna funds more over the coming years. I sold out here about two years ago - should have stayed in!

[lupaishi] 26/7/2013 22:25

BRAZIL INFO
IBOV hxxp://lupamercantil.blogspot.com.br/

[cerrito] 26/7/2013 21:49

Have not been in these for a few months ;looked at the July 12 IMS.
Good that they have been out performing but to me this in the outlook statement killed any desire I had to buy
Quote
Although the Group remains profitable overall in the year to date, an increase in AuM is required in order to ensure sustainable profits on a recurring management fee basis.
unquote

[cerrito] 04/6/2013 11:51

Given the fact that EM has not been the recent flavour of the month a bit surprised to see recent strength
Note that first quarter aum up by 3 1/2% odd but no longer give breakdown of how much was news subs and how much investment increases

[cerrito] 19/4/2013 20:42

surprised that we have not had the first quarter AUM yet and it will be interesting to see how they compare with the 9.4% increase in AUM that Ashmore had in the first quarter of the year.

[cerrito] 26/3/2013 17:28

I am not in these at the moment but nevertheless had a quick look.
Looking at the income statement note an increase in performance fees for year to $9m from $4.9m the year before; of course management gets a lot of that. Performance related bonuses were up from $5.3m to $8.1m; indeed if you add performance related bonuses with share based incentive plan the combined amount went up from $5m to $9.6m.
OCCO was the star of the show with segment revenue up from $10.4m to $16.9m, offsetting revenue decline from Magna and a big one from Institutional. Occo had a supercharged second half with segment revenue of $12.8m
Not really convinced to add more at these prices, despite the comments on a good first quarter as with the wide spread you need a much clearer conviction than I have at the moment.

[christianf12] 21/1/2013 14:53

OSU moving up.

CCAP own a decent wedge of OSU. dyor but OSU trading at discount to cash currently. No debt and assets in for nothing.

[empirestate] 21/1/2013 14:39

Would like to see the buy side RNS'd at some point to gauge what's left. that is a huge amount of stock

[cerrito] 21/1/2013 11:01

Templeton selling down from 9% odd to under 3% of CCAP's total shares is significant given shares' low liquidity. The question is if they are going to sell down to zero and how much more they have to go.

[cerrito] 15/1/2013 18:05

Reasonably respectable results and good to see that revenue in 2012 was $30.7m compared to $23.8m in 09 even if way behind 2008's revenue of $43.6m and 2007's of $134m-need to remind myself later why that year was so good.
Note that they have net assets of $27m compared to current mv of £28m odd ie they trade at a 60% premium to net assets.
Market value would be 1.7x AUM which per my understanding given the generally high margin business of em assets is more or less industry norm but would be interested to hear from people who have done more work than me in this.
Continue to feel it will meander up and neither selling or buying.

[nick rubens] 15/1/2013 16:23

This share is on the move up. Looks like mm's trying to flush out nervous sellers with a lower bid while keeping the offer high.

[empirestate] 15/1/2013 14:23

looks pretty rosey in the garden. shame it was a bit of a muted response in the sp

[empirestate] 11/1/2013 16:57

What a great finish late on today. there is no weight on the share price at the mo and i think i will revise my target price to 13-14p on the back of todays move.

[empirestate] 10/1/2013 00:11

Cerrito, the financials are having a decent time of it at the moment. i think the market is probably a tad sick of bad news for the past 3 years or so. i added a few more here today as it's being looking pretty well primed for an upward swing.
If the AUM numbers touch USD3 Billion, this would obviously assist the bottom line and we could see 12-13p imo

[cerrito] 09/1/2013 21:02

very annoyed with myself that I did not increase my holding over the Christmas period; given the present state of the market I think we can go up another 2p ie to where it was this time last year but for me not realistic to the 20p+ of this time 2 years back.