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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Conygar Investment Company Plc (the) | LSE:CIC | London | Ordinary Share | GB0033698720 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 86.50 | 83.00 | 90.00 | 86.50 | 86.50 | 86.50 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 14.05M | -29.53M | -0.4952 | -1.75 | 51.59M |
Date | Subject | Author | Discuss |
---|---|---|---|
23/12/2023 11:04 | ZDP raised £5m and it cost £1m in expenses so net £4m...bonkers | nil of | |
28/11/2023 14:39 | 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. | flying pig | |
25/11/2023 10:28 | Long term he probably is. The ZDP and the very expensive recent debt mean I wont be buying for a while. The problem here is that it is now a one trick pony. There is no market for a 693 student res. While the rooms will let every day of the week there are at the moment no buyers for such blocks. Look at WJG it hasn't had a sale in ages and if I am I right its share price will fall again following its next set of results in January. I have read a lot about Conygar since its foundation. It goes to show how stupid it can be to do share buybacks. They wouldn't need that crazily expensive borrowing if they hadn't. | hybrasil | |
24/11/2023 10:37 | I very much hope that Simon is right. To date it has been a great opportunity to lose money. | flying pig | |
23/11/2023 19:52 | Rated recovery buy by Simon Thompson (IC 24 November) | jagworth | |
21/11/2023 07:50 | Though I read this mornings results (with alarm). The NAV has fallen 30%. To say the least that is pretty frightening. Any one want a 693 bed student residence in Notttingham - going once! | hybrasil | |
16/11/2023 07:17 | Bank of England base rate plus 5.9% gives 11.75%. It just goes to show how stupid their earlier decisions in buying back shares were It’s very hard in the property game to make money paying interest rates of these levels and shows how poorly the uk is served by property lenders. 9% on the zdp and they couldn’t raise enough on that I have taken this share off my radar | hybrasil | |
09/11/2023 16:46 | Trading very substantially below NAV. The student accommodation is due to be open in September but it doesn’t d seem to have any online presence. I tried to send a query through the Island Quarter website but there seems to be something wrong with it. | hybrasil | |
18/10/2023 08:58 | Apparently the recent ZDP issue is listed on The International Stock Exchange which seems to have an address in Guernsey | sleepy | |
17/10/2023 14:59 | Silly question - are they quoted? | sleepy | |
17/10/2023 14:11 | db - Any idea of the EPIC for the new ZDPs? | skyship | |
03/10/2023 08:53 | 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. | davebowler | |
24/11/2022 10:48 | ST (IC) ramps again... | skyship | |
28/5/2022 07:07 | ST (IC) persists in trying to ramp this one upwards - at it again this week! As I stated above: "...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!" | skyship | |
07/4/2022 11:45 | I must admit I sold out as soon as they signalled the intention to raise money down the line. It didn't make sense when they should have cash from project completions and be able to take on debt. The trajectory of the economy since doesn't make me regret that. However if there is anything interesting at Wylfa that might be a material positive which could make me reconsider. I have done no investigating though. | hpcg | |
07/4/2022 11:03 | Hi there, I did note this was in Simon Thompson's top value picks for 2022 when the share price was 164.5p.In the latter part of his update, he indicated that the group's strategic land holdings in Anglesey could become hot property if the UK government presses the button on it's mini-nuclear power station strategy.I see today that Wylfa in Anglesey is a named candidate to host a plant, so this could be interesting moving forward. Does anyone know anything further about these land holdings, I can see mention of Holyhead on the website.Cheers TT | tonytyke2 | |
10/1/2022 17:12 | Interesting that the price recovered as soon as posting on this board stopped. Must be a sign. | hpcg | |
11/5/2021 13:01 | 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. | flying pig | |
11/5/2021 10:22 | 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 | jbarcroftr | |
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 | bwm2 | |
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." | hugepants | |
24/8/2020 05:39 | Sky Thanks for the heads up - I recall the BCA sale proceeds debacle | bwm2 | |
23/8/2020 14:02 | 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! | skyship | |
21/8/2020 21:32 | HP Not surprising Massively undervalued, unknown and unresearched | bwm2 |
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