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CIC Conygar Investment Company Plc (the)

86.50
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Conygar Investment Company Plc (the) CIC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 86.50 08:00:00
Open Price Low Price High Price Close Price Previous Close
86.50 86.50 86.50 86.50 86.50
more quote information »
Industry Sector
REAL ESTATE INVESTMENT & SERVICES

Conygar Investment CIC Dividends History

No dividends issued between 19 Mar 2014 and 19 Mar 2024

Top Dividend Posts

Top Posts
Posted at 28/11/2023 14:39 by flying pig
Share buybacks are very rarely good use of shareholders funds. Nothing wrong with the dividend, nothing wrong with reducing debt, nothing wrong with investing funds to make a profit.

Just occasionally they make sense for private equity funds trading at a huge discount. Private equity funds rarely invest and make a huge profit at the outset, whereas buying shares back at a discount of 40% makes a huge difference.
Posted at 03/10/2023 08:53 by davebowler
9% GRY on the new Zeros.Very generous.

2 October 2023

The Conygar Investment Company PLC (the "Company")

Conygar ZDP PLC (the "Issuer")

Result of ZDP Issue

Further to the announcement made on 28 September 2023, the Issuer is pleased to announce that it has raised gross proceeds of GBP15.0 million pursuant to a placing (the "Placing") and parent subscription (the "Parent Subscription" and together with the Placing the "Issue") of 15,000,000 zero dividend preference shares ("ZDP Shares") at a price of GBP1.00 per ZDP Share (the "Issue Price"). Further details will be provided in the listing document (the "Listing Document") expected to be published by the Issuer on 3 October 2023. The Parent Subscription amounted to a total of 10 million ZDP Shares as part of the Issue.

The ZDP Shares have a life of five years and a final capital entitlement of 153.86 pence per ZDP Share on the 4 October 2028 (the "ZDP Repayment Date"), equivalent to a gross redemption yield of 9.0 per cent. per annum on the Issue Price.
Posted at 27/11/2018 08:38 by topvest
Poor results. High Pay. No dividend. Vote down the "Profit Share Plan". Profits would be nice, but they have sold all but their slow development pipeline so this is now fairly heavily loss making. No doubt we will get a return eventually, but management have and continue to believe that this company is a "lifestyle fund", without adequately rewarding shareholders.
Posted at 15/5/2018 09:19 by spob
Website -


154p, Mcap £106.4m, Nos 69.1m





RGL thread -

Conygar holds 26.2m shares in Regional Reit (RGL:100p), a property company that owns a £737m portfolio of UK commercial property, predominantly office and industrial units in regional centres outside the M25 motorway. The stake is worth £26.3m and accounts for a fifth of Conygar’s last reported NAV of £136m.

After accounting for deal flow and share buybacks, I reckon cash on the balance sheet and the shareholding in Regional Reit account for two-thirds of Conygar’s market value of £96m, implying other assets worth £73m are in the price for just £33m. Furthermore, Conygar receives annual dividend income of almost £2m on the Regional Reit stake, thus covering 75 per cent of its own administration costs.

The directors have sensibly taken advantage of the deep share price discount by using some of the debt-free company’s £37m cash pile, a sum worth 57p a share, to make NAV accretive share purchases of 2.5m shares at prices between 150p and 163p since last autumn, representing 3.7 per cent of the issued share capital. Fund manager Miton (MGR:54.5p) clearly sees value in the shares, too, having just upped its stake from 14.3 to 15.1 per cent.

Simon Thompson IC, 14 May 2018











1 Year












The Conygar Investment Company PLC (“Conygar”) is an AIM quoted property investment and development group dealing primarily in UK property. The group aims to invest in property assets where we can add significant value using our property management, development and transaction structuring skills.
Posted at 19/11/2017 09:23 by crooked lawyer
btw..a recent foi to pcc has confirmed no negotiation regarding the land CIC need are being considered by pcc or the crown estates for the Marina. So any PR plans ie those in the Ocean Lab in Goodwick are worthless.
Posted at 05/6/2017 16:33 by crooked lawyer
I see the Western Telegraph have posted that CIC have pulled out of the Retail and Cinema side of the Slade Development at Haverfordwest. The plan for the 700 plus houses is to continue...subject to a buyer to develop and build them.
Posted at 30/4/2017 16:19 by crooked lawyer
CIC still has a charge against them...anyone any idea what this relates to?
Posted at 19/12/2016 09:54 by crooked lawyer
Yes u r right there. It will be interesting to see just where this all ends up. Robert Ware and Co r looking at their pension pots. I have been wondering how long it will be before CIC winds up or re invents its self with Ware and Jones jnr at the helm.
Posted at 18/12/2016 13:49 by crooked lawyer
Extract from the notice of general meeting re Capital Reduction now not available to view on the CIC website

The purpose of the Capital Reduction is to create distributable reserves in the Company to facilitate the future consideration of payment of dividends to Shareholders, where justified by the profits of the Company,or to allow the buy back of Ordinary Shares. In order for the Company to have the ability to return money to Shareholders including by way of dividends or carrying out buy backs of Ordinary Shares (if considered
appropriate), it is necessary to effect the Capital Reduction.

If the Capital Reduction is approved by Shareholders at the General Meeting, it will be subject to the scrutiny
of, and confirmation by, the High Court and, subject to that confirmation and registration by the Registrar of
Companies of the order of the High Court, is expected to take effect during September 2016. Assuming
that there is no material change in the financial position or prospects of the Company, and subject to any
undertakings which the Company may be required to offer the High Court for the protection of creditors,
the Board anticipates that the Capital Reduction will result in the creation of distributable reserves of
approximately £125,371,000. The sum of up to £125,371,000 will be potentially available for the purposes
set out in the paragraph above.
5
Posted at 16/12/2016 07:50 by topvest
Fairly poor results and the derisory dividend binned because of a non-cash impairment. Not sure the directors care about the share price. This announcement will have the desired effect of allowing them to buy more shares cheaply. Think they should have at least held the nominal 1% dividend. Not sure that I rate Robert Ware really; he is not really putting shareholders interests at the top of the agenda. This company hasn't really delivered for years; it just seems to be a value play whilst the directors get overpaid for a part-time job.

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