Cppgroup Share Discussion Threads

[lordbung] 17/2/2015 09:35

CEO Brent Escott leaves CPP with immediate effect.

[lordbung] 16/2/2015 10:32

Financial Times 16/02/15

[chrisdgb] 06/2/2015 15:39

I have just come across this situation and can endorse LordBung's view that Phoenix are quality operators...........

[lochlea] 14/1/2015 16:45

Thanks LB.
Your explanation was just about how I had interpreted matters too. I knew there hadn't been any 1:10 share consolidation (as has been getting de-ramped by scaremongers elsewhere). The shares have effectively been split in 2 with immediate effect (to no effect today if you follow).

Maybe I've got my rose-tinted specs on again - but I really see serious potential here, particularly if the new management team can demonstrate some positive commercial activity. The shares should in theory be impossible to get a hold of in any sizeable quantity and if there is any buying activity the share price should sail away from current levels.

[lordbung] 14/1/2015 16:09

lochlea
No way I'm an expert on this, and I've only got the info from the RNS of 23rd Dec to go on, but if I've understood correctly, the existing shareholders will be issued with one new placement share (nominal value 1p) and one deferred share (nominal value 9p) for every share they currently own, however the deferred shares have no value, cannot be traded and don't attract a dividend, so that's obviously some kind of fiddle to get round the rules. So in effect existing PIs will have one of the new shares, probable real world value around 3p, for each share they now own, but there'll be more shares in total than there are currently. All the shares going forward will in effect be the placement shares.

Unless someone who knows what they're talking about would like to correct me?

[lochlea] 13/1/2015 14:53

LB

Do you happen to know exactly how it will work in practical terms with the existing shares being split in 2? One for 1p and one deferred for 9p.
Appreciate there is no consolidation. Just dilution. But I assume with shares that will trade on AIM wef 11/2/15 will include the placement shares bought at 3p which will trade as the 'new' 1p ord shares?

[lochlea] 12/1/2015 20:22

Exactly and that effectively means there'll be only a maximum 7% of stock available for the MMs to trade with. Some positive corporate news and ANY buying pressure and these will surely be difficult to buy in any sizeable quantity.

[lordbung] 12/1/2015 17:20

I'm not holding at the moment, but I take an interest because I live in Leeds and I know a couple of people who work at CPP in York.

My personal view is that this is a reassuring development (for all but the current PI's of course). Hamish Ogston and Schroders obviously haven't given up on the CPP, but much more reassuring to my mind is that Phoenix, who were not previously involved, and had no need to get involved, have decided to invest long-term in a not insubstantial amount. I'm pretty sure the due diligence they've carried out will far, far exceed anything any of us could or would ever do, and if they think it's got more than a sporting chance, then I might have a few again as a punt when the dust's settled and the share is established and hopefully stabilized on AIM. If there are going to be any shares left for PI's that is - the above named 3 parties will own 93% of the total going forward.

All in my opinion, no advice intended.

[lordbung] 12/1/2015 14:30

Tomorrow is the shareholder vote on whether or not to place 667 million new shares at 3p per share. That's got to have an effect?

[lordbung] 02/1/2015 11:40

Assuming all goes through as per the recent announcment, CPP will be 40% owned by Phoenix

[lochlea] 30/12/2014 19:50

Such thoughtful & considerate advice!
The main market has been such a steady platform for CPP shares to trade - £3 to 3p.
The £20 million being invested is on guarantee to transfer onto AIM so that CPP's share price loses value. Better get out quick LOL.
Forget about the imminent announcement of good sales figures being achieved at a far lower cost base and the FSA about to release the considerable funds held in account.

My advice? This will fly in Q1 2015.

[bckttsim] 30/12/2014 08:10

With a move to AIM imminent , anyone invested here wants to get out quick.You don't want to be in the AIM market...... Lost 18% last year...And that was good !

[lordbung] 18/11/2014 09:20

From the York Press 17/11/14

[sven2006] 14/11/2014 15:19

drop overdone - placing at 3p !

[wallyjumblat] 14/11/2014 10:08

I smell a rat, drop overdone and you can IMHO expect a rebound from here, very conflicting RNS.

[alyo] 14/11/2014 09:47

You can short sell these on contract. Spread too large though