Conygar Investment Dividends - CIC

Conygar Investment Dividends - CIC

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Conygar Investment Company Plc (the) CIC London Ordinary Share GB0033698720 ORD 5P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 112.50 08:00:00
Open Price Low Price High Price Close Price Previous Close
112.50 112.50 112.50 112.50 112.50
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Industry Sector

Conygar Investment CIC Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

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.
spob: Https://
spob: Website - Http:// 154p, Mcap £106.4m, Nos 69.1m RGL thread - Http:// 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 Https:// 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.
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.
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.
crooked lawyer: CIC still has a charge against them...anyone any idea what this relates to?
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.
topvest: Think they are more interested in letting the share price tank and doing buy-backs than paying a dividend as it makes more for the big holders.
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
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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