Creo Medical Share Discussion Threads

[nissi_beach] 26/4/2010 11:45

Mikeja

I always do my own research but questions i would have thought you may have already looked at.

Always comforting when others research agrees with your own

[mikeja] 26/4/2010 11:01

nissi,are you doing your own research or expecting me to do it for you?
REITs are not quoted in Shanghai but the gov may allow this in H2 this yr.

[nissi_beach] 26/4/2010 10:31

mikeja

Few questions

1) Why singapore than shanghi listed
2) Can you show examples of the lower NAV discounts they should expect

[mikeja] 26/4/2010 10:20

Flip,suggest you just filter him.

[flip101] 26/4/2010 10:09

Shortsight, all your points have been answered. Stop pretending people are ignoring the issue.

[mikeja] 26/4/2010 09:59

Ignoring the pest.
Sometimes there is a sort of seismic change in a company's valuation that takes time to appear in the share price.Examples are becoming more common as AIM cos move to new exchanges.Made a great deal of money out of RCG on that share moving to the HK exchange.Sold out soon after as did not like quality of business.Equally I have been riding WCC all the way up from 60p but may not sell even after HK quote but reasonably expect them to double over next few months to put them in line with other chinese cement cos.The same will happen with CREO.
The point I am making is that these are huge profit making opportunities that should not be missed.The idea of a perfect market is ,in my experience,completely fallacious.Fortunately for us PIs.

[longsight] 26/4/2010 09:46

mikeja - my name is not "shortsight". If this is meant to demonstrate that you are a savvy investor or that you have a pathetic sense of humour?

Second, I don't care how long you have been an investor - I don't buy into the "argument from authority".

Third, you have got this quite wrong - I have never given anyone any investment advice whatsoever - either on WCC or CREO. I asked a simple question on CREO - one which despite - or perhaps because of - your 50 years as an investor you can't answer. Maybe you shd retire?

[mikeja] 26/4/2010 09:16

shortsight,you come on here making scurrilous accusations about pumping and dumping without any foundation whatsoever and have not even the guts to admit you have been proved totally wrong just as you were on WCC.As I stated above any governance questions are history given the composition of the board as set out in today's statement.
Nobody gives a toss about your opinion.Suggest you just stick to your dump and pump philosophy,hopefully it will soon remove you from the investment community.

[mikeja] 26/4/2010 07:52

Any governance questions answered by composition of new board.

[mikeja] 26/4/2010 07:19

Birdman,you did not mention approval of the Singapore listing.

[mikeja] 26/4/2010 07:10

Hopefully we will hear no more from shortsight,not infallible indeed.

[birdman101] 26/4/2010 07:07

Some significant pieces in this news.

1) The big refinancing of City Centre is done.

2) Tangdao Bay money received.

3) Dividend due to be paid in March 2011! Which is very significant.


Fantastic.

[birdman101] 25/4/2010 19:04

dear oh dear

[longsight] 25/4/2010 19:02

slmd - reasoned response. You might be right - I do not suggest that my opinions or research are infallable. I wd point out though that I did read this BB, inter alia, all the way back from about 18 months & cd find very little discussion of the issues that concerned me.

I can hardly disagree that creo are very underpriced & I said now on 3 occasions that I thought buyers here wd make money. I am still in the dark though about the calculation of the fees, though I appreciate that the performance element has been revised to at least exclude potfolio gains from currency movements. Nonetheless, from the little I do know, I believe that TH [who share a common director with creo] take a cool 25% of the increase in the value of the portfolio above a certain level & I am unware if the base figure for following years is then rebased or not. Look, I may have got this point completely wrong - but I still await one post from any holder here who knows the full details of the current method of calculation. Surely this does matter??? And whether you are a bear or a bull.

[slmd] 25/4/2010 17:36

Lonsight - you are completely ignoring the point of every single post here. No one is arguing that the company is perfect or that indeed there hasn't been a number of issues in the past. If the company was perfect then there would not have been an opportunity to purchase a stock with a NAV of £11 for only £3-£4.

What the company has been doing is addressing these issues firstly restructuring the performance fee and secondly by removing the material stock overhang. How you can argue that REO's exit is negative for CREO is beyond me. REO had no choice. The entire management filled their boots with stock in the placing. Some of their family also bought in. How on earth can you explain why they would do this if they thought the company was so bad.

In terms of doing research, I've seen all the properties. I've met the management team multiple times.

I am unsure why you find it so difficult to understand that conflicts of interest are aligned by managements huge shareholdings in the company. The issue with Treasury managing the company is well priced in and would still be so at £7-£8.

[flip101] 23/4/2010 23:12

Fairly amusing to see longsight squirm. The stock is going to £6-7 short term end of story. Big buyer supporting the price at the current level.

Whilst everyone understands there are a few issues here, most understand the NAV is close to £12/share. The discount is just illogical.

Standby for maybe lisitng documentation for Singapore soon. Far east investors will start looking to build positions once the move is confirmed.

[mikeja] 23/4/2010 18:04

sour grapes is back,groan,yes you have outstayed your welcome.