700 houses in Haverfordwest!!??....its ridiculous. |
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. |
I see horizon has decided not to build the worker accommodation on the Rhosgoch site but on the site at Wylfa. 46mill isnt a lot of money in CIC's piggy bank to pay for all the development work...ie 40mill to build the development platform at Fishguard..and with EU money about to dry up...how do you see the future for Conygar? |
CIC still has a charge against them...anyone any idea what this relates to? |
First they need to get the licence from NRW to dredge. Secondly they need another licence re the archaeology which will be posted as a Public Notice and 6 week consultation process shortly. Thirdly they will need a HRO Harbour Revision Order which they have not yet applied for. They cant apply for a HRO if they havent got a Marina Operator and if they are serious about a Marina and not just a housing estate then they need a HRO. They have asked NRW to leave the Marine Licence in place at Pembroke Dock so that they can sell it off as a going concern. So before they can build anything or put a spade in the ground they need the Marine Licence to dredge and the Marine Licence yet to be applied for relating to the preservation in situ of the wrecks...so we are not exactly about to start work in the immediate future. Back to the wonderful UK and internet access. Comments welcome |
yes..its positive |
Aren't we due some news on the Holyhead project this week, which should also be positive? |
well ppl u are quite right...this is what happens when u dont read the fine print...the joys of being somewhere with limited internet access....I stand corrected...totally!!...well, no idea what to make of it...will be interested to see what happens with Regional REIT limited....Question is I suppose is.... Will they invest the money back into the company and develop their Wales projects out or what?. They seem to have only been interested in paying themselves healthy salaries and NOT paying out their shareholders...so...wait n see. |
What do you mean NO Debts...they have a net debt of 27 million |
Good Lord no...have u not been watching Suits...lol.
I am just crooked |
FWIW revised plans for Fishguard Marina were submitted jointly by Conygar and Stena in January, which has been well received locally. Perhaps this exercise in clearing the decks will enable the project to proceed. In the meantime they have abandoned the parallel plan for the marina at Pembroke Dock.Http://www.westerntelegraph.co.uk/news/14217427.Revised_plans_submitted_for_Fishguard_marina/ |
Looking positive: credible management team (reflected in NAV discount) portfolio fit, great liquidity. Let's see how the deal details turn out...Sky? |
Lots to be grateful for with this deal. Credible management team (reflected in the premium on their NAV) Plus greater liquidity. Great portfolio fit. Terms look reasonable. Let's see where the deal detail ends up but hopeful. Sky?? |
Great news! The big money is in their development plans... finaly they have got their priorities right and with no debt can start developing. |
Deal with RGL looks very good albeit there is actually a slight loss on disposal as RGL shares trade 3% or so below NAV but that seems very acceptable as the deal effectively gives Conygar a fresh start. Certainly the market seems to like it. |
Completely wrong again, crooked. There is a fundamental difference between requirements to report market sensitive info through the RNS route, which is a condition of listing, and the Companies Act requirement to register with Co Hse the purchases of own shares.
Are you really a lawyer? It's you who's lax, not Conygar. |
I stand corrected. Why back date it and put it up now...where it been since then. Along with all the the RNS 's they have not put up on Company House Website...seems a bit lax to me. |
The explanation is not difficult to find if you bother to read the document filed at Co Hse on 8 Feb. The repurchases took place in Oct and Nov 2016. And if you bother yourself even more, and look at RNS's published then, you will see that all those repurchases were promptly notified to the market. Is yr post an indication of the care with which you comment generally on Conygar? |
I see another repurchase of shares...but this only appears so it would seem ...may be wrong on company house beta website...seems to have been missed off the recent activity...I see there are great gaps on company house website too...perhaps they are trying to comply with statutory RNS by hiding it...lol. |
Maybe the new Nottingham investment represents the money they are no longer going to spend in Wales. |
which good aquisition lol. but yes u sum it all up well. Seasons Greetings. |
Overall, Conygar have not really added much shareholder value. One good acquisition in 10 years, a couple of misguided development projects and excessive director remuneration about sums it up! |
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. |
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