Coro Energy Share Discussion Threads

[orange1] 19/3/2010 08:16

Mark Robertson – an apology

Posts on this thread may have previously given the impression that Mark Robertson was a good for nothing dilettante who travelled the globe at shareholders' expense for no purpose other than to deepen his appreciation of airport catering services.

Following today's glorious news, we acknowledge that there is not a jot or scintilla of truth in any such views.

We apologise to Mark Robertson and are happy to confirm that we consider Mark to be a consummate salesman, a tireless worker and a thoroughly good chap.

Until such time, that is, as it appears that today's sale was just a blip whereupon we reserve the right to look upon Mark again as the useless lycra-boy we always claimed he was.

[currypata kai] 19/3/2010 07:43

when was the last contract ? How much do you think a contract like this is worth ?

[cocker] 19/3/2010 07:36

Just picking myself up off the floor. A contract!. I guess what will hold back the share price today will be the fact that it remains almost untradeable.

[cascade sofa] 19/3/2010 07:29

Congratulations, lets hope this is the start of a cascade of them! Any ideas re size?

[howdlep] 19/3/2010 07:23

Yes excellent news. With this being such a small cap this could move up sharply today.


Friday 19 March, 2010
Corero PLC
Contract Win
RNS Number : 8331I
Corero PLC
19 March 2010

19 March 2010



Corero PLC

("Corero" or "the Group")


ABG Sundal Collier selects Blue Curve


Corero plc, a leading provider of financial research software solutions to the securities industry, announces that it has signed a three year agreement with ABG Sundal Collier for its Blue Curve product suite.



ABG Sundal Collier will integrate several Blue Curve modules with its existing research database to improve its financial research production and distribution process. The new solution will speed up the process of research report creation, enhance the approval and compliance checking process, and provide more control over the distribution of the published research product.



Blue Curve was chosen after a rigorous vendor selection process, on the basis that the software will provide more functionality, more flexibility and be easier to integrate than other similar products.



Corero will work with ABG Sundal Collier to integrate the Blue Curve software and install it in its Stockholm, Oslo, Copenhagen, London and New York offices. ABG Sundal Collier will also use Blue Curve for improving other financial document production processes.



"Functionality, flexibility and ease of integration were important factors in deciding which vendor could help to enhance our existing research production software. By choosing Blue Curve we feel we can quickly improve our software platform which should provide greater benefits to our business," said Malene Brondberg, Global Head of Research at ABG Sundal Collier.



"We are delighted that ABG Sundal Collier has chosen Blue Curve v5 to enhance its research production platform. ABG Sundal Collier was recently voted the number one research firm in the Nordic region in the 2010 Institutional Investor survey, and this relationship provides an important confirmation of Blue Curve's leading position in the research production market", said Mark Robertson, Managing Director of Corero Financial Markets.



- ends -


Enquiries:

Corero plc
Peter Waller, Executive Chairman
Mark Robertson, Managing Director Financial Markets

Tel: [phone]

Tel: [phone]


Merchant John East Securities Limited
John East/Virginia Bull Tel: [phone]




Notes to Editors
Mark Robertson is available for interview upon request.



About Corero
Corero plc (London: CORO) designs, develops and delivers market leading software products for financial institutions through its Financial Markets Division, and business and education markets through its Business Systems Division.



Blue Curvesoftware allows organisations to vastly improve the production and distribution of their financial research. It collates and presents complex financial data efficiently and quickly for analysts to make informed opinions on market conditions and trends. It speeds up the process of content creation, content approval and publishing. And it also makes sure that each piece of content conforms to the correct regulatory requirements, and that it gets sent to the right people, using the right method and at the right time.



For more information on Corero, please visit our website at



About ABG Sundal Collier
ABG Sundal Collier (www.abgsc.com) is listed on the Oslo Stock Exchange and has 270 employees working from offices in Oslo, Bergen, Stockholm, Copenhagen, London and New York. Research (analysts, editing and Corporate Access Group) is carried out by 60 people working from Copenhagen, London, Stockholm, Oslo and New York.



For more information about ABG Sundal Collier, please visit


This information is provided by RNS
The company news service from the London Stock Exchange

END

[gac141] 19/3/2010 07:04

Well Done - A Contract and a good one at that! Let us hope that this is a spring board to future successes.

[magpie99] 15/3/2010 12:56

Corero PLC ( CORO.L) 27.00 33.00 30.00 pence -2.00 ( -6.25%)

[magpie99] 15/3/2010 12:12

10:48:59 30.60 967 295.90

Market cap(in millions)* £ 0.49

Interim (£m) 2008 (£m) 2007 (£m) 2006 (£m) 2006 (£m)
Currency GBP GBP GBP GBP GBP
Total op. expenses -2.47 -5.57 -6.40 -5.70 -5.92
P/L for the financial year -0.44 -0.58 -1.44 -0.03 -0.42
Retained profit/loss -0.44 -0.58 -1.44 -0.03 -0.42
Total assets 4.28 5.16 6.16 6.92 6.20
Total liabilities -4.28 -5.16 -6.16 -6.92 -6.20

[cocker] 10/3/2010 21:29

I guess the advice taken for the share consolidation say it all today Mr Waller, a £500 trade sends the share price down 8.6%. The company has created a share that is almost untradeable, whether you are wanting to buy or sell!.

[magpie99] 19/2/2010 09:31

Theyve got to get orders, and I havent seen any of these around that I would call an order for four years. The bright side of the business- Schools - could come under pressure as a result of the huge govt overspend and debt built up.

At this point in time the culs share conversion price seem pie in the sky to me, this is a management I would not bet on. Molly knows a thing or two and the last he heard was that Blue Curve were loosing customers according to a post I read. Lets see firm orders before a hint of praise for this company.

Who knows they may have a stack of them just waiting to be signed?

[romeo] 19/2/2010 06:54

I do think that is an option. Obviously the company will have to balance its need for cash in the short-term vs. potential share dilution in the long-term. Some CULS holders would be happy to have cash now I am sure, but others may wish to hold for a potentially larger payoff in terms of share price appreciation after conversion.

[cascade sofa] 19/2/2010 06:49

Romeo from your review of the CULS does the company have the ability to pay them down early, ie uses its cash to prevent some conversion?

[romeo] 18/2/2010 23:43

"...who I hope will loose every penny of their money."

YOU'RE A CLASS ACT, MAGPIE!!!

[magpie99] 18/2/2010 14:25

The joy that I can freely express my opinion, it has proved correct year after year, it is a counter balance to the massive over ramping by incredibly arrogant pompous people, who I hope will loose every penny of their money.

You have also been expressing your opinion – you are welcome to continue – good luck with your opinion. It sounds that you are unhappy that you have been wrong.

I still retain some of my shares

[romeo] 18/2/2010 13:12

Magpie, why do you frequent this thread at all? You've sold your shares, why not move on? You have made your feelings known repeatedly, so what's the point anymore?

[magpie99] 18/2/2010 11:27

Once the world leader- now no longer the leader even in Britain!!

[magpie99] 18/2/2010 11:25

Judged on past management performance those sort of prices look to be a dream to me.
It seems to me CAPS as owned and managed by Corero no longer has the accolade of most number of users in Europe. It once had the most numbers installed in the world for CA systems. Downhill all the way. No sales in 3-4 years. A huge disappointment.

[romeo] 18/2/2010 03:29

Did some more research in the archives. It looks like there were approximately 3 million CULS issued prior to the share consolidation. The terms were modified a few years ago to 4 regular shares for each CULS.

If you take the 1 for 30 reverse split into consideration, that calculates to 100,000 CULS shares in current terms.

Maximum dilution would thus be 400,000 shares, or roughly 27%.

Obviously, if the share price is farther north of 240p, the dilution would be lessened accordingly. I am assuming 480p would calculate to 200,000 shares (13.5% dilution), etc.

The company can force CULS conversion at 960p, according to my research.

Someone please correct me if I am wrong, but these are the numbers that I came up with.

[magpie99] 17/2/2010 12:13

Why not phone up Corero investor relations and see if they know how much dilution they are creating?

[romeo] 16/2/2010 23:34

Here's some info from the archives:
-------------------------------------------------------

The Capital Reorganisation includes the enhancement of the CULS conversion rights from four Existing Ordinary Shares for every GBP1 nominal of CULS to 12.5 Existing Ordinary Shares for every GBP1 nominal of CULS, which equates to a conversion price, prior to the Capital Reorganisation, of 8p. Following the Capital Reorganisation, the enhanced conversion rights will be adjusted to 0.4167 New Ordinary Shares for every GBP1 nominal of CULS, resulting in an effective conversion price of 240p per New Ordinary Share. As the CULS Resolution is subject to and conditional upon approval of the EGM Resolutions, the proposed amendments to the CULS, as set out in the notice of the CULS Meeting, reflect the enhanced conversion rights as adjusted by the Capital Reorganisation.

Any fractions arising from the conversion of the CULS will be aggregated and
allotted to a trustee who will sell the shares for the benefit of the relevant
CULS holder. However, if the net proceeds of such sale amount to less than GBP2
in respect of any one holding, the net proceeds will be retained by the
Company.
---------------------------------------------
So the strike price is 240 pence, but how much potential dilution? I will spend some more time in the archives!

[romeo] 15/2/2010 13:36

I know what it was before, just haven't taken the time to recalculate it after the share consolidation. Can anybody help?

[magpie99] 14/2/2010 17:49

That is the sort of question you need to ask yourelf and answer before you buy the shares. Good Luck Romeo!

I have no doubt Spurious is looking to top up!

[romeo] 12/2/2010 14:09

Taking the recent share consolidation into account, what is the strike price and potential share dilution if and when the CULS are converted?

[marlin5] 10/2/2010 09:47

xlairways
No mention in hoodless buy recommendation of the £4,000,000 of debt?

[xlairways] 09/2/2010 21:19

Been looking at them for a few weeks now, have bought a few to stick away.