Connect Share Discussion Threads

[baracuda2] 10/7/2017 14:12

This is getting ridiculous now, why the constant drop???

[edmundshaw] 07/7/2017 22:52

I stand corrected. Careless reading by me, my apologies.

[colonel a] 07/7/2017 16:51

?
Has he not just moved shares into his SIPP, rather than bought more.
Although it probably counts as a transaction re your second point.

[edmundshaw] 07/7/2017 16:23

Well the Chief Exec has put more cash into his company at the current share price (no pun on his name unintended).

I agree with him - on a smaller scale, though :-)

What his buying also tells us is that this is not a closed period, so there is no significant event in view like an expensive acquisition or a rights issue that might be somehow affecting the price.

[fenners66] 04/7/2017 23:18

That's an interesting and intelligent sounding take on the matter danieldruff, after receiving the £56m they are maybe looking to reinvest - they still have to prove I guess that they can pick a long term winner.

[danieldruff2] 04/7/2017 22:35

I was a little concerned about the Joint Broker announcement. It tends to mean either nothing at all, or an attempt at a fund raise. Just wondering if they are looking to acquire something and the market has got a whiff.

[edmundshaw] 04/7/2017 21:21

Up during the day and down near the end. Feels a bit like some short selling trying to keep the price on a downwards trajectory. Could just be a seller taking advantage of the buying, but it is a bit suspicious.

Connect is trying to reinvent itself in distribution, leveraging its know-how and existing network, but that marketplace has got more crowded which seems to be putting a damper on earnings from that quarter. Also not convinced the pass-my-parcel is really going to take off. But whether it is shelved or whether it succeeds, the costs of the loss-making trial will go away sooner or later. Whatever, this still looks too cheap.

[grahamg8] 04/7/2017 17:42

fenners it looks more like £7.0m to me. As 7 Feb RNS RM Group to pay £56.5 + assume responsibility for pension liability of £7.9m. Gross asset value given as £57.4m.

But the effect on the business could be more important as it reduces debt and frees up scope for further investment in the parts the Directors want to keep. From a shareholder viewpoint more cash/less debt should protect the dividend. RNS due any day.

[fenners66] 04/7/2017 16:46

Just revisiting here as looking back at last year there was a trading update on the 7th July.

When I look back at my take on the interims I saw a reason for the market to allow this to fall on a wait and see basis. Seems that was right.

Now I look at the potential yield and wonder whether there is now some value here.

After all it looked as if there is a profit on the business disposal of £24m to be factored in.

[blueliner] 28/6/2017 13:41

Not long since Directors dipped their hands their pockets in the 126p -130p range.
Might we see some further action at these prices.

[aleman] 27/6/2017 16:34

We are near the end of the second quarter. Fund managers do odd things to square books, close shorts, jettison some loss makers. It occasionally creates temporary moves that look odd. I think that could account for the weakness over the last week or so.

I don't think this is the reason for the steady fall in 2017, though. I think they fell to yield over 10% in the last recession but the dividend kept increasing. The market was wrong. It could well be wrong again.

Some small and mid-cap shares seem to be falling as if a recession is coming. I think there is - in fact I think Q2 GDP could well be slightly negative - and would not be surprised if CNCT fell further to a double figure yield again. I also think it is a buying opportunity. I topped up recently and might top up again if we see further falls.

[lord gnome] 27/6/2017 16:30

3800 - CNCT isn't AIM. It's main market. FWIW a lot of uk-centric stocks are getting derated by the market. Looks like Mr Market has taken a negative view of brexit and the likely outcome.

[3800] 27/6/2017 15:57

when AIM shares like this keep relentlessly falling I am always wary that there is something that us plebs do not know about I am still a holder here but wouldn't be surprised if there isn't some dire news just round the corner just hope my fears are misplaced.
3800

[morgank] 27/6/2017 13:59

Should be a trading statement next week, hope this will clarify what's going on. At these levels could be a take over target

[edmundshaw] 27/6/2017 10:55

That 34k sale, perhaps there was just a keen seller who has dumped the price - but from the looks of the buying that might be a pretty short term drop.

[prokartace] 27/6/2017 10:33

Either something is seriously amiss or this is the steal of the year

[fenners66] 27/6/2017 10:13

Up to a possible 8.3% yield now

[stewart64] 24/6/2017 10:38

Velod....Sentiment same as yours, the election result was a body blow and the subsequent slight fall in shares and the reshuffle into internationals has cost me dear. Well actually the effect was neutral because unbeknown to me Provident Financial was about to collapse and not because of the political uncertainty.

Out went Connect, Taylor Wimpey and Provident Financial on the 9th. In came Imperial Brands, Randgold and Shell.

Commodities are all over the place and unpredictable and IB is richly priced, like most internationals. Would have much sooner stuck with domestics under a stable UK. I have stuck with REITs, Greencoat and the Renewables plus Lloyds Bank on the domestic front.

[velod] 24/6/2017 09:34

I last posted on here about a week before the election day and posted positively of a mild uptrending trendline since May. And also of looking to add at a little under sub 120p - somewhere in the teens.

. . . Market sentiment has 'turned on a sixpence' since the election result and a lot of the sell-off currently being experienced in this share fits with yet more and more analyst's warning that UK inward centred businesses will be the shares to get hit, going forward (yes, old news I know, they've been saying that since the Brexit referendum) and so it's proving with those company's with assets abroad in general benefitting and 'home market only' companies like CNCT continually getting hammered.

. . . I no longer will top-up sub 120p (should it trend in that direction) but will look until trendlines indicate a likely bottom.

. . . I'm a divi investor but it's not me but market sentiment that has well and truly turned bearish against this share. I fear further retrace here, is on the cards and wouldn't dare now estimate where the bottom for this share now lies. What will be, will be.

[kazoom] 19/6/2017 09:17

I suspect you are right LG. Hargreaves Hale reported a transaction from last Monday that took "their" shareholding from 14m shares down to 9m.
(Not actually their shareholding but their discretionary clients. So I suspect probably one individual shareholder on their books, whose holding probably wasnt sufficient to be individually notifiable)

[lord gnome] 19/6/2017 09:02

In short - nope!

:-))

My best guess is that the share price has been depressed by a stock overhang and that the large trades are indicating that the overhang - or part of it - has been cleared, thus reducing the depressing effect on the share price.

[chickenvindaloo] 17/6/2017 11:18

Can someone explain to a novice any reason for the big spikes in trading volume in the last few days and the 4 percent price rise in a single day? TIA!

[edmundshaw] 16/6/2017 17:28

Quite a big uncrossing after the bell. The UT price of 128.75 is quite interesting. An eventful auction it seems...

[velod] 03/6/2017 10:12

In case this feeling of a "slightly prolonged bearishness" induces a bit of queasiness it should be noted that since early May the share price chart action is performing quite strongly (albeit in baby steps) relative strength has strengthened considerably from the low of the first week of early May and it's all cooking away and simmering quite nicely after reviewing it's chart this morning. (Normally just let the divis roll in and leave a hard review to 'another day').

. . . It's quite positive in fact. Took advantage of low 120p recent dip to add, but have since been looking for a small sub 120p dip in the teens to add yet again.

. . . After reviewing I realise that's looking more and more unlikely. It's ever so slowly trending up, not down, since early May. Doesn't "feel" like it does it? - but it is. It's trending upwards.

. . . As for Tuffnells - it's more likely to attract bidders for the whole company warts'n'all, just to get their hands on it, than fall by the wayside due to strong competition :) INMO.