Coro Energy Share Discussion Threads

[orange1] 07/2/2011 08:36

So Peter Waller what were main achievements at Corero in the 5 years you were there?

Answer:"As I stand down after five years as chairman, Corero has a recently strengthened executive team, an experienced board and a strong shareholder base. The company now has the financial capacity to invest further in the Corero Business Systems division whilst developing its business in the rapidly growing network security systems market."

Which in plain English means: Nothing. But the company has recently been taken over by people with lots of money.

[gac141] 07/2/2011 07:38

Clearly one the most significant changes to the profile and structure of Corero.

Could be very exciting times ahead!

[cocker] 04/2/2011 17:11

Lets hope so George, as this deal was expected to be signed & sealed since mid December.The delay on the completion is very fustrating to say the least.

[gac141] 04/2/2011 15:03

See a 25k purchase up on Plus markets maybe news soon

[romeo] 26/1/2011 21:57

ditto Molly's post - I am also going to hold and hope.

[gac141] 26/1/2011 20:04

Note the comment is in excess of 200k. I have kept all shares and will continue to do so. Read up on the new management and see beneath the surface.

[spurious] 26/1/2011 15:19

70 Academies this year is a huge success by any standard so well done Bernard. It is perhaps worth remembering that even without a contribution from Fin Markets (now sold and a management team set up for a company several times the current market Cap) Corero is profitable.None of us will get rich on Business Systems alone although I feel it could net £6/8 million in next few years if business continues at current levels.Corero is being transformed behind the scenes and when you put a world class team in place additional expense is incurred.Corero appears to be gearing up for a substantial and transformational acquisition in terms of revenue and product and I am hopeful that we may hear news shortly.I have bought more shares
regards SP

[cocker] 26/1/2011 13:25

Not a single share traded says it all!. With 70 academy's signed the bottom line should have been alot higher than 200k. I'll wait untill results & if no improvement than I will sell entire holding.

[gac141] 26/1/2011 11:16

CORERO PLC

Year-end trading update

Corero plc (AIM: CORO, "Corero" or "the Group") has published a year-end trading update for the financial year ended 31 December 2010.

On 6 August 2010, the Group was transformed financially and operationally by a £6.5m equity fund raising, the sale of its Financial Markets division, the conversion of the convertible unsecured loan stock to ordinary shares and the appointment of two directors and senior executives.

The Group's revised strategy is to develop a new Network Security Systems business through acquisition, whilst continuing to grow the existing Business Systems division.

Group trading profit for the year to 31 December 2010, subject to audit, is expected to be in excess of £200,000. Cash balances were £7.2m.

The Business Systems division reported a strong contribution. It won contracts from a total of 70 academies in 2010, compared with 25 in 2009, showing its strong position in this growth market and maintaining its c. 30% market share.

The Group expects to announce its final results by the end of March 2011; these will reflect the effect of the redemption of the convertible unsecured loan stock on 6 August 2010 and the disposal of the Financial Markets division as outlined in the circular to shareholders of 14 July 2010, and other non-trading accounting adjustments.

[cocker] 26/1/2011 07:42

Profit for year in excess of 200k & 70 Academy's signed. Take out the 160k H1 profit & it looks as if we are down to 40k H2. I guess managment costs are effecting the bottom line..

[romeo] 21/1/2011 06:29

Hi George - yes, things are definitely looking better!

[gac141] 19/1/2011 17:59

Looks like we are breaking out and building towards something big...

[25october1969] 06/1/2011 16:15

Has Peter dipped into his petty cash to top up :-)

[gac141] 06/1/2011 15:56

Interesting.......

[cocker] 05/1/2011 16:55

25k looks to be a sell @ mid price as bid dropped 2p after order went through. I guess a TU maybe imminent & with it the long awaited news that we are expecting.
Just had a quick visit to our mutual friend Jarlath McGee & Ian selby's new venture Cygnet sevices & have seen that their client list includes Foresight. On their web site you can search the men behind the company. jarlath mentions how he has held many positions including recently ceo of a aim listed financial company. All very impressive but @ no stage does he mention Corero & we all know why. What is the very cosy connection between BF & those two stooges? ,perhaps someone could enlighten me.

[spurious] 31/12/2010 16:11

Anyone who has not heard of Katy Potts ( Herald investment trust) should research the companies she has invested in over last 10 years.She is one shrewd cookie and likes to be in at the start, generally taking max stake of 8% in any one co and this rarely, so she is obviously confident in Corero.She has an uncanny knack of being involved in takeovers but is also very patient once she has given her backing.She is right to be regarded as the leading technology investment trust and we should be excited and reassured by her backing. She has enjoyed some spectacular gains through patience, support and an eye for a company with a unique proposition in its market

[spurious] 31/12/2010 15:34

Hi Mags Glad to see youve bought back in. I am confident my 85p target will be reached next year, given a reasonable market and I do not often do share price predictions.My last prediction on a BB and Roy may remember this was for Indigovision to hit 100p when 30p They slightly overperformed and hit high of £11 within 2 years! I will be happy for a similar situation
PS anyone who is bored over the next few days can check back the old (Huge Pants) IND bb and verify this.A great thread to be involved in and shows how patience is key and how the small investor can make it big. About 7 years ago I think !

[gac141] 31/12/2010 15:34

Happy new year to all here.

I think we may have a better year in 2011.

[magpie99] 31/12/2010 13:34

I am no longer negative on this share, the CULS have gone, it seems productivity is back on the agenda, and impressive management is in place. The Herald trust appears to have reinvested.

After having sold out my stake completely, I have bought a few back for old times sake.