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CREO Creo Medical Group Plc

34.75
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Creo Medical Group Plc LSE:CREO London Ordinary Share GB00BZ1BLL44 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 34.75 34.00 35.50 34.75 34.75 34.75 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Surgical,med Instr,apparatus 27.17M -26.94M -0.0746 -4.66 125.53M
Creo Medical Group Plc is listed in the Surgical,med Instr,apparatus sector of the London Stock Exchange with ticker CREO. The last closing price for Creo Medical was 34.75p. Over the last year, Creo Medical shares have traded in a share price range of 23.25p to 49.50p.

Creo Medical currently has 361,251,418 shares in issue. The market capitalisation of Creo Medical is £125.53 million. Creo Medical has a price to earnings ratio (PE ratio) of -4.66.

Creo Medical Share Discussion Threads

Showing 801 to 824 of 2325 messages
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DateSubjectAuthorDiscuss
20/6/2010
10:22
This might help a bit as well;
kimboy2
20/6/2010
10:17
Flip - my info is that trading will start from the beginning of the afternoon session in Singapore i.e. equivalant to 7am UK time. Don't rely on me on this because I've had conflicting info but this is myunderstanding. Good luck everyone for the big launch. I think this looks very good over the next 2 years. Even if commercial property prices don't appreciate over the next 2 years, NAV will surely go above £12 with the refurbishments & 2 developments. I like the mixture of retail & office. Retail, looks a great place to be in PRC over the decade.
longsight
18/6/2010
17:17
Trading should start at 02:30 Monday morning
flip101
18/6/2010
09:19
mikeja - thanks, but I guess the prices are delayed on there.
longsight
18/6/2010
08:55
Longsight,try google on Monday.
mikeja
18/6/2010
08:41
Does anyone know how to get a live price on TCT on Monday?
longsight
18/6/2010
07:17
In a case like this, will the claimant pick up CREO's legal fees incurred when found not guilty?

Could someone start a new thread for Monday's launch on the Singapore Exchange? Many thanks.

ppowerscourt
18/6/2010
06:01
Yes indeed. Not particularly material and very opportunistic.
flip101
17/6/2010
11:43
Flip - looks very opportunistic law suit. Given that CREO have had 2 lots of counsel's opinion on this which reassure that there is no merit in the claim, I think this looks like a neglible risk & in a worst case scenario if they lose it then only max 3% of NAV at risk.
longsight
17/6/2010
06:07
Well a bit of a surprise there. Not ideal a few days before listing however in reality is only a maximum of £14m and probably nothing.
flip101
16/6/2010
20:03
longsight - participants have to price it off something initially. I expect a pretty decent week next week in terms of share price movement.

Also note TCT appointed a senior management member this morning.

flip101
16/6/2010
15:25
All approved and in order,roll on Monday.
mikeja
16/6/2010
09:10
Eddie - check out the listing document. CREO has no residential property at all. What do Nomura say about Office & retail property? On retail, it is a certain fact that there is significant wage inflation in PRC now - there are any number of articles on this. It is also a fact that consumption in PRC is growing at a faster rate than the rest of the economy - I believe at 18% pa. On the Office aspect, I think Shanghai rents are 1/4 of HK - yet PRC Gov intends to develop Shanghai into a financial centre to compete with other international finance centres. It is noted by many commentators that PRC is right at the beginning of a financial services boom as newly prosperous chinese start to save for retirement. Add in the specific quality & locations of CREO's portfolio & the hi quality management & my conclusion is that you are incorrect.
longsight
16/6/2010
08:35
Well, Nomura doesn't quite agree with your outlook for Chinese property prices in general this morning.



Predicting 20% falls in next 12-18 months - says residential prices to income at multiples of 13,14.

On flip side, I don't think CREO does have that much exposure to residential (if any?). Per the listing document, about 77% of space is one building - city centre - which is two 30 odd storey office blocks with retail space joining the two towers.

However, any fall of that magnitude is likely to cause problems for retail, as it will be consumers that have sufferred. Article also comments that may have knock on effects for development loans.

eddie1980
16/6/2010
07:48
Flip - I'm not sure why Singapore investor will value the new co by reference to the old CREO. It has a new name, different corporate governance set-up - pretty much organised entirely for the benefit of shareholders. Furthermore there are considerable prospects for growth in NAV & rents with the refurbishment & development programes as well as the underlying trend of rent increases in Shanghai. The hi % of retail property in the portfolio looks very useful. With hi wage inflation in PRC & the policy of stimulating internal consumption, retail looks a big winner. My guess is that Singapore will put its own valuation on the newco & value it in line with comparables in Singapore / HK. Will help if stock markets remain bouyant on Monday so as to get the stock off to a good start.
longsight
15/6/2010
19:44
Someone has been absorbing all the loose stock over the last few weeks. Any UK holders who wanted to sell at this level would have done so pre-listing. Looking very very good for Monday. I expect an easy 10-20% from the start. There will just be no sellers in this kind of range.
flip101
15/6/2010
15:41
Well thats it then I think - all going well, I think shares are suspended from 7am tomorrow if the Jersey court agrees whatever they have to.

The listing document is quite something - for the nervous amongst u, there are 26 or so pages of risks they want you to take account of!

eddie1980
15/6/2010
12:24
Vondutch
Thanks for the reply. My broker has sorted it out as well now. Capita registrars told me if they did not get instructions to hold electronically you would be sent a certificate in TCT. So if you want to sell you would have to get somebody to accept a transfer in - I didnt fancy that at all. From experience if anything is out of the ordinary they cannot be bothered.

hac29600
15/6/2010
04:49
The TCT listing document gives a NAV of S$954m at 31st March 2010.Divided by 240m units the underlying undiluted asset value is S$3.975 per unit,equivalent to £9.64 per CREO share.
mikeja
14/6/2010
21:19
The currency effects are hard to account for. The end of year report states an IFRS NAV of £8.67/share however the TCT prospectus states a NAV of 968m SGD or $4.03/unit.

This however was struck at the year end GBPSGD spot of 2.257 which has fallen to about 2.05 since. On the other hand you have the RMB strengthing vs GBP hence pushing the GBP NAV up since the report.

4.00 SGD/unit sounds about right after currency moves. I think TCT will be publishing a quarterly NAV which may add more detail. I expect retail and commercial valuations to have firmed since year-end.

flip101
14/6/2010
21:10
Wading is the word,can anyone find the NAV ps stated anywhere?
It seems to be S$4.00 per TCT unit.Equivalent to £9.71 per Creo share.

mikeja
14/6/2010
07:19
Flip - thanks for responses. I am slowly wading through the listing document & concur that the prospects for increased rents & lower loan costs looks very good.

Regards LS

longsight
13/6/2010
22:07
Game on:

Conference next Tuesday in Singapore:

flip101
13/6/2010
21:59
Regarding operating profit CREO has had poor legacy rental rates, especially at CC. Fortunately many of these 3-year leases are expiring and the rental uplift will begin to show through this year. Furthermore, a key tenant is taking up much of the retail space in CC at 25% of market rates. CREO plan to facilitate a move to full market rates here (bring in new tenants). On top of this, the new financing of CC and the development component is very good indeed.

You'll see much better operational figures in 2 years.

My view is the share will rerate to 75-90% of IFRS NAV which I guess is now close to £10 following the strong currency move since 31/12/09. It will then take better operational performance to generate a more full valuation at a premium to NAV.

New TCT url nearly set up:

flip101
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