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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Connect Group Plc | CNCT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 25.60 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 25.60 | 25.60 |
| Top Posts |
|---|
Posted at 10/11/2020 11:36 by cc2014 I'm not invested so I'm going from memory and would advise you to check my memory.If my memory is correct the £10m loan has been repaid to CNCT and presumably Tuffnels borrowed the £10m from a lender providing the assets as security in order to get the loan. |
Posted at 09/11/2020 20:34 by the pilgrim Of course he was responsible. Mark Cashmore and Jon Bunting were the architects of the CNCT strategy that failed. The pair of them made all of the decisions at board level. Cashmore deferred to Buntings greater intellect and business brain. The predicament is his as much his as it is Cashmore’s |
Posted at 09/11/2020 07:27 by fenners66 Jonathan Bunting, Chief Executive Officer, said:"We are pleased to have reached this agreement " It ensures no dividend for our owners and over the odds cost of debt whilst interest rates are at an all time low. We think our owners will feel royally shafted after years of management decisions leading to wasted funds and loss after loss on hair-brained ideas. I am sure our shareholders would want to join with me in thanking the BOD for their overwhelming success and show their appreciation by voting them a massive bonus. |
Posted at 20/10/2020 13:46 by cc2014 And in the nicest possible way did any of the panel hold shares in CNCT? |
Posted at 30/9/2020 20:43 by postme #NCYT #BMN #MTR #SMS #PAY #PRTC #SLP #APP #CNCT Ten ‘magic formula’ stocks for investors looking for value and quality - |
Posted at 28/7/2020 09:55 by rndm355 Behind a paywall but this is a detailed article on CNCT: |
Posted at 14/5/2020 10:49 by newshound1 Reduced turnover of c29m, resulted in 1.8m loss of margin. (6%)Assume 2nd half expected 19million in line with the first half. Results Estimated 25% sales decline due to corona and already 2.5months into second half so not long to correct 25% of 623 million =155million x6% is nearly 10million lost margin. plus reduced delivery charges for 10% of customers not trading. Hope corona resolves as don’t think see dividend for sometime otherwise .... |
Posted at 21/4/2020 18:12 by colonel a The lender should give an extension because the lender has been bailed by the government in the past and is expected to use the freely available liquidity to help businesses through the current crisis.Six months is just a guestimate of the time it will take for the status of CNCT longer term to be clearer. |
Posted at 15/4/2020 14:50 by colonel a f66,I don't pretend for a second that CNCT is other than a long standing cluster####, but once upon a time they did know how to run Smiths News and that business should still be worth much more than the Cap+debt. I expect they will get the "sale" through quite quickly and hopefully the privations that we are suffering will start to ease in a few weeks. GLA. |
Posted at 03/4/2020 16:07 by riverman77 I wouldn't rely too much on anecdotal evidence such as this. Yes individual shops that are still open might see an increase, but newspaper sales overall are down a lot due to lower footfall. I sold CNCT given their high fixed costs, low margins and high debts - could be hit very hard. Still hold RCH though. |
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