Challenger Energy Share Discussion Threads

[dvsfm] 13/12/2007 13:01

typical, missed a great opp, still all good news today, this doesn't get a lot of attention because its so small which is a shame because it appears to be head and shoulders above a lot of aim stocks.

[glencr] 13/12/2007 08:18

Some great news. Lucky i topped up yesterday, the company is still massively undervalued.

[currypasty] 13/12/2007 07:58

Corsie Business update / Issue of Equity




CORSIE GROUP PLC ("Corsie" or the "Group") BUSINESS UPDATE / ISSUE OF EQUITY The Board of Corsie, the AIM listed specialist in the assembly and sale of
products and services to the leisure market, today provides the market with the
following update.
HIGHLIGHTS * Placing to raise £671,000;

* New seven year Banking facility agreed with HBoS;

* Two new distribution agreements secured;

* Former Scottish Rugby Captain Jim Aitken appointed to Board; and

* Sale of property option for £350,000.
PlacingThe Board is pleased to announce that it has raised £671,000 through a Placing
of 2,236,666 new Ordinary Shares at a Placing price of 30p ("the Placing"), to
provide the Company with additional working capital to fund growth
opportunities. As part of the Placing, Jim Aitken, David Mathewson and Graham
Robertson, all directors of the Company, have invested £450,000, £65,000 and £
6,000 respectively.
Application has been made for the admission of the 2,236,666 new Ordinary
Shares to trading on AIM. Admission of the new ordinary shares is expected to
take place on 19 December 2007.
Distribution agreements securedThe Group has secured two new exclusive distribution agreements with Sovereign
Laboratories of Sedona, Arizona ("Sovereign"). Under the terms of the
agreements the Group has signed 3 year exclusive agreement to distribute the
TRULAX range of products and the Viralox* antiviral product.
These new contracts are in line with the Board's stated strategy to increase
revenue through selective distribution agreements.
New Banking facilities securedThe Group's bank, The Bank of Scotland plc has agreed to provide £2.15 million
of committed debt facilities to the Group repayable over 7 years and an
overdraft facility of £0.20 million. The Board is pleased to have secured these
facilities on a long term and committed basis.
Sale of property optionThe Board is pleased to report that it is has agreed (subject to prior
shareholder approval to be sought at a general meeting to be convened) to sell
its purchase option over its property at Unit 5, Gateside Commercial Park,
Haddington to Mr James Aitken (or an entity controlled by him) for a price of £
350,000.
As stated at the time of the preliminary results statement, the Board would
consider leveraging the equity within the property to fund future targets and
new distribution agreements. The Board has considered various options to
release the available equity within the property and has concluded the sale of
the purchase option is in the Company's best interests.
The Group will thereby generate £350,000 (before costs) from this sale. Such
proceeds will be received prior to 31 January 2008 and will be used to
strengthen the balance sheet and fund the working capital needs of the
business.
Board StrengthenedAs previously announced, Corsie appointed Mr James ("Jim") Aitken as a
non-executive director with immediate effect. Jim, a former Scotland Rugby
Captain and well known for leading his country to a grand slam victory in 1984
and a 25:25 draw against the All Blacks, is an experienced and successful
businessman, bringing to the Board a strong proven track record in business.
Related Party TransactionsThe sale of the property option and the Placing both constitute related party
transactions as defined in AIM Rule 13. The Directors of the Company (save for
Jim Aitken, David Mathewson and Graham Robertson who are connected with the
transactions) consider, having consulted with the Company's Nominated Adviser,
City Financial Associates Limited, that the terms of the sale of the property
option and the Placing are fair and reasonable in so far as the Company's
shareholders are concerned. City Financial Associates Limited has relied on the
directors' commercial assessment of the transactions.

[dvsfm] 12/12/2007 17:26

glencr
coiuldn't agree more im in at an ave of 40p in new money, most upset at the drift, if I can raise some mone i'll try to average down. I was well up when it spike to fifty, nothing has changed, if buy to pick up it will shoot back up, but maybe we need an update for that to happen. Well bought

[glencr] 12/12/2007 15:19

Just topped up here....12k but showing as sell 23.2p

Cant believe this price - now a market cap of 2.2m and the company will probably make £500k in proffits this year - todays price makes it the equivalent of 1.15p prior to the 20-1 consolidation. An absolute steal even though it is not in a fashionable market it is making money and will continue to do so....Finally Richard Corsie - CEO has 54% holding in the company with a free float of only around 4million shares - if there is a decent demand for these the share price will rocket.

[dvsfm] 04/12/2007 11:12

I agree it's really annoying just market sentiment though I will top up if it drops a bit more because trading is supposed to be going well.

[currypasty] 04/12/2007 08:21

and another 'new all time low'

25.0 - 26.0

I cant believe this has halved in value since September

[don muang] 30/11/2007 19:47

weren't the interims due by close of business today..... last chance will be before opening on Monday morning.....

[currypasty] 23/11/2007 11:51

a new all time low, what a disaster area

[humbugg] 23/11/2007 08:15

corrientes,
perhaps he didnt like telling his mates his companies share price was 1.5p, perhaps he think they'll take him seriously when its 30p. he wont tell them he's lost half the companies market cap. well, it wont be 30p for long...5p around the corner.
imho

[corrientes] 22/11/2007 17:34

Humbugg I agree. They must be masochists adding more manure to this dungheap. Their timing is immaculate, not. What a shower. This corsie chap should have stuck to bowls, 'cos he don't seem have any financial acumen. I bet he's a pig headed autocrat and was told what would happen, but chose not to ignore it.

[humbugg] 22/11/2007 16:52

oh well thats nearly -20% since the consolidation. what a bunch of muppets, anyone could have told them what happens when you consolidate. ego got in the way.

[dvsfm] 21/11/2007 17:52

I hope they put out a trading update soon because I hear that they are doing okay

[humbugg] 21/11/2007 16:35

these will end up at 3p again.

[currypasty] 21/11/2007 16:30

someone just got 25p for their 100k sell

price now dropping while mm's clear them

28 - 33 p

[corrientes] 20/11/2007 08:11

Do we really have to wait for the London Olympics to see this take off ? They should have stayed private until a year before.

[dvsfm] 20/11/2007 08:07

Looks like your correct, this has happen so many times before at least four for myself. Never mind the business looks good

[humbugg] 20/11/2007 07:54

corrientes,
couldnt agree more. should open at 35p midprice, my guess is we'll lose out straight away.

[currypasty] 20/11/2007 07:51

1 : 20 consolidation starts today

equal to open 30 - 40

[corrientes] 19/11/2007 13:44

Oh well,I expect that means a fall in the share value now,typically happens after a consolidation.

[currypasty] 19/11/2007 13:25

CORSIE GROUP PLC RESULT OF GENERAL MEETING Corsie Group plc (the "Company"), the AIM listed specialist in the assembly and
sale of products and services to the leisure market, announces that the
resolutions proposed at the general meeting of the Company held earlier today
were duly passed. The resolutions approved the adoption of new articles of
association and the consolidation of the existing ordinary shares on a 1 for 20
basis. The consolidated shares will commence trading from 20 November 2007.
As noted in the announcement made on 26 October, in order to facilitate the
consolidation proposed to shareholders of the Company, a very slight increase
in the issued share capital of the Company is needed to arrive at a figure that
is exactly divisible by 20. To that end, Vikram Lall, a director of the
Company, agreed to subscribe immediately prior to the general meeting for 16
ordinary shares of 0.1p each at a price of 1.75p per ordinary share (being the
mid market closing price on 16 November). As a result, prior to the
consolidation taking effect, Vikram Lall will have an interest in 1,000,016
ordinary shares of the Company representing approximately 0.52 per cent. of the
Company's issued ordinary share capital.
Application has been made to the London Stock Exchange for the admission of
these new ordinary shares issued to trading on AIM. Admission is expected to
take place on 20 November 2007.
Enquiries:Corsie Group plc Tel: [phone]
Richard Corsie, MBE, Chief Executive
www.corsiegroup.com

City Financial Associates Limited Tel: [phone]
James Caithie

Bishopsgate Communications Ltd Tel: [phone]
Dominic Barretto
Jenni Herbert END

[eggbird] 31/10/2007 16:18

currypasty, Post 121,

I agree with summary of fors and againsts, I have held a couple of shares that have done a consolidation, and have been watching SFX today, which has done the same thing. Sure enough the share price drops short-term. Why is this??? Just due to the 'thicko holders that sell thinking its christmas' ??

It always seems to produce a fall in share price in my experience.
I do think it is a longterm positive move by the management though, and bodes well for the future!

[glencr] 30/10/2007 19:06

3.75 million buy later today @2p. May be a move upwards soon?

[currypasty] 26/10/2007 16:33

you currently have to pay 3p to exercise 1 warrant

after you will have to exercise 20 warrants paying 3p each = 60p


of course the warrants are underwater at the moment, but who knows one day shareprice may be a quid, so exercising at 60p will be worth while

[glencr] 26/10/2007 16:19

I may be making a fool of myself here but what the hell....

share consolidation = current 0.1 ordinary share x 20 = 2p - no problem with this but why is 60p mentioned on the rns as new subscription price? when 20 x the current share price is only 2.25 x 20 = 45p?

Can somebody put this confused person out of his misery please!