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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Connect Group Plc | LSE:CNCT | London | Ordinary Share | GB00B17WCR61 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.60 | 25.70 | 25.80 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
15/2/2018 19:48 | British bulls CNCT Buy 15/02/18........... | retsius | |
15/2/2018 19:44 | Aleman Many thanks | retsius | |
15/2/2018 17:58 | Connect Books' EBIT for the 12 months to 31 August 2017 reported a GBP2.0m loss within the Group's discontinued operations, which included GBP3.2m of exceptional charges to operating profit before the decision to treat the division as 'held for sale' on 31 August 2017. Adjusted loss before tax was GBP2.0m and statutory loss before tax was GBP12.8m, after impairment and amortisation charges. | aleman | |
15/2/2018 15:11 | Edmundshaw Just was going to post the same query from Aleman. R. | retsius | |
15/2/2018 14:58 | Aleman, where did you get the "ongoing loss of £2m per annum"? Until recently, I thought the books was profitable. | edmundshaw | |
15/2/2018 13:29 | They've got £6m instead of an ongoing loss of £2m+ per annum and/or time and costs of reorganisation to come. I would have been okay with it going for nothing so £6m is a bonus. I presume it will mean an extra asset write-down in the results but it means the company should be okay to pay the dividend and still have a bit of flexibility for small acquisitions to try build on its existing strengths. I will be happy if they just concentrate efforts on filling the driver shortages and building PMP into profit before they get ambitious again. I think we can look forward to the May results now. | aleman | |
15/2/2018 12:45 | I think from market response this morning that there is general relief that a solution to the sale has been achieved. Not a stunning price you might think but as someone alluded to on earlier post,no litigation worries and subsequent costs. The relief is that uncertainty has been now been removed . The Book division although profitable in the past must have been declining recently for a new price almost half of what was expected. | retsius | |
15/2/2018 11:46 | IMHO buys from yesterday. Too large to be PI to MM so most likely arranged trades I'd have thought - a willing buyer and seller in large volume often signals a price change to come. | nigelpm | |
15/2/2018 11:38 | IMHO buys from yesterday. | morgoth1 | |
15/2/2018 11:23 | Very chunky trades rolling through at 66p. | nigelpm | |
15/2/2018 10:49 | Fenner66 Very good point. R. | retsius | |
15/2/2018 10:20 | Just goes to show that they should have agreed a sale with a funded vehicle with redress from the parent and a penalty clause for dropping out - at the time not allowing themselves to get done later. Lesson learned ? But where were the expensive lawyers whilst that was happening? Who are the lawyers? | fenners66 | |
15/2/2018 10:17 | weird thing about all of this is the physical book sales are reported as increasing. Asagi (long CNCT) | asagi | |
15/2/2018 10:00 | Lots of people will know lots of things behind the scenes in deals like this - almost impossible to stop it. | nigelpm | |
15/2/2018 09:41 | In particular, Aurelius staff likely had foreknowledge of the outcome. Not casting aspersions (on my lawyer's adice), but... | edmundshaw | |
15/2/2018 09:29 | Well you have said it all boys! Sold at a mark-down price for £6m. I was checking the previous accounts and in the last four years they made on average of £2.5 m a year. There must have been a marked deterioration in outlook for them to clear it out. Anyway it is sold now and we can move forwards. I thought news had leaked due to massive buys over the past two sessions.Someone had some knowledge of outcome.Wellcome to the stock market. | retsius | |
15/2/2018 08:47 | Maybe but management credibility takes a hit -you come across as naive and a hopeless negotiator. Still if that's the way you were seen before then its status quo! | meijiman | |
15/2/2018 08:24 | Aurelius on the face of it went away like a highway robber. And another write-off of £10m (given the carrying value at last results was £15m) not exactly pretty; but I agree, that clears the air. For some reason management wanted to get rid of the books operation at pretty much any price; for all we know £5m is a good deal!? | edmundshaw | |
15/2/2018 08:06 | I agree wllmherk. Looks like Aurelius had them over a barrel and manipulated the situation to get a 50% discount on the original price. Whatever...at least they can move on from here with some additional cash in the bank. | masurenguy | |
15/2/2018 08:03 | Amazed it opened a tiny bit up - expect a rise today with the uncertainty out of the way - albeit at a reduced price. | nigelpm | |
15/2/2018 07:55 | Half what was the originally agreed sale price, however, I think it is probably the best outcome given the situation as CNCT would have taken legal action which would have been a waste of money in my view. Draws a line under the matter. Hopefully share price will rise from here. wllm | wllmherk | |
15/2/2018 07:53 | That explains the big buys over the last few days it seems insider trading is out of hand in the UK market. | morgoth1 | |
15/2/2018 07:50 | No lengthy/costly legal case at least | mister md | |
15/2/2018 07:48 | That should pay for one year's losses at Pass My Parcel! | danieldruff2 | |
15/2/2018 07:48 | At least the distraction has been removed....... WJ. | w1ndjammer |
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