Conygar Investment Share Discussion Threads

[flying pig] 11/5/2021 14:01

This share has always had promise, but the Board of Directors has generous remuneration packages. They may not have had their priority on their fiduciary duty to all shareholders. However, I wait in hope.

[jbarcroftr] 11/5/2021 11:22

Bought a few this morning No debt and 25% discount to net assets seems compelling Levelling up should mean regional property outperforming Or perhaps small property companies will get picked off by larger predators

[bwm2] 24/11/2020 10:38

Write downs and Notts tx to trading stock If the property holdings were to halve in value, the NAV would be about the current share price given the cash holding However, I can't help but feel that they are talking to stock down to re-commence the repurchase program I'm glad my holding is minuscule

[hugepants] 24/11/2020 10:21

Positive update from Bob Robert Ware, Chief Executive, commented: "The outlook is highly uncertain. We expect the impact of COVID-19 to significantly affect the progression of and carrying values for our investment and development properties over the coming year. While there remains considerable uncertainty as to how the pandemic will play out, compounded by the impact of a fast approaching Brexit, and pressures on market rents from business closures and rising unemployment, it is extremely difficult confidently to predict the future."

[bwm2] 24/8/2020 06:39

Sky Thanks for the heads up - I recall the BCA sale proceeds debacle

[skyship] 23/8/2020 15:02

BWM2 - research a little further and you will find why they stand at a high discount. They share the same problem as with MVI - control by Robert Ware - a major negative!

[bwm2] 21/8/2020 22:32

HP Not surprising Massively undervalued, unknown and unresearched

[hugepants] 21/8/2020 16:25

Directors purchase 95K shares.

[hugepants] 06/8/2020 10:59

Summary Group Net Assets as at 31 March 2020 (pence per share) Investment Properties 30.6 Trading and Development Properties 78.3 Cash 67.3 Other Net Assets 1.6 Net Assets 177.8 On the face of it another one in a relatively strong position. Possibly more by luck than judgement.

[nickrl] 31/3/2020 20:36

They had 40m in cash in Sept 19 with no debt so your almost getting the property for nothing at current price but whether they will get the Boots site off the ground anytime soon now is the punt.

[davidosh] 07/2/2020 15:19

The long-waited £650m project to redevelop the Boots Island site in Nottingham will be marketed to investors at an international property conference. More than 85 private and public sector organisations from across the Midlands will showcase billions of pounds’ worth of investment opportunities, as part of the Midlands UK delegation at MIPIM 2020 in Cannes, France, next month. And the Boots Island site – planned to include a hotel, 907 new homes, 666 student flats and office space – will be on the agenda.

[topvest] 14/1/2020 10:27

I've reluctantly sold out. I've been unhappy about how this company has been run for at least 5 years. It's really a lifestyle company for the greedy directors. Returns are modest, yet directors' emoluments excessive for the part-time work they put in. They have squandered too much on unsuccessful development works in secondary locations, none of which covers the day to day living funds! Investing in this company is effectively dead money until the company gets wound-up so sold at a discount. Fortunately, I sold for c50% above what I paid for them. Over 10 years though that is a very poor return. Time to get out before the share price dives again!

[this_is_me] 01/10/2019 08:29

The previous share buyback programme at 172p is looking stupid. Why is it that companies so often buy back shares at around the top of the market and raise money by issuing shares when the price is low? This seems to happen even in well run companies. I always try to do the opposite. A share buyback often means that the share price is going to go down.

[solarno lopez] 02/9/2019 14:41

the directors wont think so with their lifestyle company that we pay for

[chrisdgb] 02/9/2019 14:39

awful......

[solarno lopez] 02/9/2019 14:06

But the directors have done well, in fact very well

[topvest] 30/8/2019 18:25

Yes, this company has made some poor choices over the last 5 years or so. The fascination with developments in Wales was always an odd choice and delivered very little. Why pick such tertiary locations unless it was a vanity project for one of the directors?

[hugepants] 30/8/2019 15:56

Yes a lack of honesty in the results. They just brush off the huge writedown. They also bought back 3.24 million shares (5.4% of ordinary share capital) at an average price of 172 pence per share. Didn't they also dispose of their RGL shares at a big discount?

[horndean eagle] 14/5/2019 10:40

Shocking writedown today. These clowns needs stringing up given the huge bonuses and salaries they have raped out of the company. Performance has been dire. Not sure what can change anything though

[rjmahan] 09/12/2018 21:46

Question: Do you guys expect a valuation uplift when the Boots Island site gets planning ? If so how much ? When they got Haverford West outline permission the uplift wasnt much - couple of million - but its still a very low valuation per plot on the books. Any views / suggestions where to look on this ? Cheers, Rob

[topvest] 27/11/2018 08:38

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.

[ursus] 06/6/2018 10:58

The government's impending announcement about committing its own funding to the Hitachi project in Anglesey must be good for Conygar..... They own two sites which are likely to be used for the Wylfa construction.

[spob] 22/5/2018 17:21

Https://www.investegate.co.uk/conygar-investmnt-co--cic-/rns/interim-results/201805220700057943O/