Convatec Share Discussion Threads

[mbmiah] 16/12/2016 20:53

Funds will have to buy these now - for cheap at the moment

[philanderer] 16/12/2016 17:18

That`s a whacking 34 million shares @ 234p for the UT tonight.

[mbmiah] 16/12/2016 13:36

So are will go below entry price? Most IPO's do initially ....RMG as an exception but that was just spectacular

[anley] 16/12/2016 10:59

Sorry but no.............think hard and put yourself in the owner of the business which is what they are together with selling restrictions on their holding for quite a period of time.

[mbmiah] 16/12/2016 10:05

Nice made up story anley, right?

[philanderer] 16/12/2016 09:32

And that overhang is still there. Worst performer by a mile in my portfolio today again.

[philanderer] 15/12/2016 15:59

Quite a few of the original investors selling today by the look of it.

[philanderer] 15/12/2016 11:05

Can`t argue with that scenario anley :-)

[anley] 15/12/2016 09:47

I see the price is 244p (UP) and that the way I read this is .............

Big shareholder has a deal which requires capital but it does not want to sell its holding so finds a bank to lend because they all know that CTEC IS DOING WELL and that gives them time to see out the non-sale period and then have a big placing at 275p............

Hope you get my drift........in the meantime the market gets its stock from those that were in the original placing at 225p.

[philanderer] 15/12/2016 09:19

My whole portfolio looks as if it`s going back to 240p this morning ;-)

[mbmiah] 15/12/2016 08:52

Looks like it's getting brought down to 240 IMO

[anley] 10/12/2016 11:40

It would be nice if we could read one..........

[philanderer] 08/12/2016 13:18

Analysts presentation today (RNS)

[anley] 08/12/2016 10:21

It just jumped out at me that CTEC if it joins the FT100 Index will make the big index tracker funds buy the stock.............just a thought as there is now a goodish T/O in dealings.......

[philanderer] 07/12/2016 17:36

UT : 500k @ 242.25p

[anley] 07/12/2016 10:30

A 10% uplift after charges is worth while in these markets and backed by a new blue chip business and all the directors and major shareholder locked in for a good period of time.....BUY which I have done.

[philanderer] 07/12/2016 09:07

updated:

6th dec Credit Suisse neutral tp 250p
6th dec Goldman buy tp 270p
6th dec Peel Hunt buy tp 300p
6th dec JP Morgan overweight tp 271p
5th dec Deutsche buy tp 275p

[philanderer] 07/12/2016 00:00

Nope , down as n/a on the sites I use

[gateside] 06/12/2016 23:10

Anyone any idea what % dividend these might payout?

[philanderer] 06/12/2016 20:55

anley , here`s the lock-up times....


The Board of Directors and senior management will be subject to a 365 day lock-up undertaking to the Banks. Nordic Capital and Avista Capital Partners will be subject to a 180 day lock-up undertaking to the Banks. The Executive Directors and wider senior management team will also be subject to a 365 day lock-up undertaking to the Company in respect of all their Shares and a two year lock-up undertaking in respect of 50% of their Shares. Each of the lock-ups is subject to certain customary exemptions

[anley] 06/12/2016 14:40

Stand by at some time for another placing by the biggest shareholder - when - I am not sure but reading between the lines it will come to pass.

In the meantime I have put my big toe into the pool and bought as this is a fine business and will be either used to be bid for or used to make add on acquisitions........a longish term share.

[philanderer] 06/12/2016 12:18

Broker comment (Goldmans and Morgan Stanley ) about half way down...

[anley] 06/12/2016 11:42

Thanks............will have very small purchase so I have access to information etc.

[philanderer] 06/12/2016 09:55

Couple more brokers starting coverage today...


6th dec Peel Hunt buy tp 300p
6th dec JP Morgan overweight tp 271p