Conviviality Share Discussion Threads

[eastbourne1982] 08/3/2018 15:50

Debt is far too big relative to profits imho.

[castleford tiger] 08/3/2018 15:48

paid 156 that look an ok entry point

Tiger

[timothyjones2010] 08/3/2018 15:47

Still falling - there must be something more going on that they are not saying

[value viper] 08/3/2018 15:40

directors bought enormous amounts early Feb at 300p pst results - can't recall ever seeing buying as chunky en masse. Actually speechless.

[timothyjones2010] 08/3/2018 15:37

SP is getting smashed - I got a few at 180 thinking it had bottomed out but it's still falling big time

[eastbourne1982] 08/3/2018 15:28

What an absolute shambles.

[andyj] 27/2/2018 15:01

7.5% up already

[andyj] 27/2/2018 13:55

Well that was a well timed buy!

[andyj] 24/2/2018 00:52

Begun to build a position here. I like the business model and I see significant upside and little downside risk.

[1pvh] 02/2/2018 09:17

Sold out completely on Monday am. Didn't like the increase in debt and tightening margins. They must also have plenty of bad payers out there as well.

[sphere25] 02/2/2018 08:53

FYI

Naked Trader shorted this yesterday.

[sphere25] 31/1/2018 16:37

Those large shareholders are all queuing up at 325 to add to their positions. They've been clearing out any sellers there all day today. Huge buy orders in the auction too.

They won't take any notice, that's what institutional fund manglers do for a living!


NEXT MORNING UPDATE:

Market looks like it has finally sold through 325

A move through 320 makes this a good short down to 300

[masurenguy] 29/1/2018 13:33

Graham Neary's view.

"I'll stick to my guns and continue to suggest caution here, even though I have usually been wrong by doing this in the past. The profit figures are said to reflect "the phasing of cost synergies into the second half of the year". I think today's share price move reflects simple disappointment in the profit miss, and also maybe some fear that the cost over-runs and reduced margins won't be entirely offset by the cost synergies anticipated in H2 and beyond.

My major concerns are the low-margin nature of the work it does and its partially debt-fuelled expansion. The constant use of "exceptional items" and the focus on adjusted numbers also leave me cold. Additionally, I have a concern about its possibly excessive use of share-based payments. In the twelve months to October 2017, it generated nearly £18m in profits, and spent £3m of this on share-based bonus payments to its managers.

Finally, I think that today's H1 results were a profit miss, which is confirmed by the share price decline. But with respect to results versus expectations, today's statement has merely expressed confidence that results for the full year will be in line. It doesn't actually say whether or not the H1 results were in line with the company's prior expectations. Would it be much trouble for this to be included? Brokers are now forecasting that net debt will reach almost £150m by the end of the current financial year."

[masurenguy] 29/1/2018 09:47

I became a bit wary of the acceleration in the price over the past few months and took profits @378p in mid-December.

[pjleeds] 25/1/2018 14:04

Just topped up, update on monday.

[ricardothebrave] 19/1/2018 23:29

25p under the placing price, fill your boots this won't last long.

[essential] 18/1/2018 12:55

Ideas on the reason for the drop?

[1pvh] 17/12/2017 21:36

CVR tipped today in Sunday Mail.

[1pvh] 15/12/2017 08:17

Decent acquisition announcement this morning. Funded entirely by placing less than one percent below yesterday's closing price. Glad to see no extra debt has been taken on.Further extends CVRs buying power.

[macc2] 12/12/2017 22:21

Inflation up - incomes squeezed - less booze consumed - lower profitability. That's my thought.

[pjleeds] 12/12/2017 16:29

Any ideas as to why it's dropping.

[1pvh] 16/11/2017 08:01

Unintended consequences eh!!Probably affect the poorest in society as well. Why don't they leave people alone !