Conduit Share Discussion Threads

[markt] 30/4/2012 09:24

...phew....thankfully not a profit warning and going up and not down....
last week's fall below 60p was worrying...

[rivaldo] 30/4/2012 08:47

Excellent news. That's 11.2p-12.75p EPS for the year just finished, with net cash and a very good dividend as ic2 says above.

With the current year incorporating the:

- Olympics
- Diamond Jubilee
- Euro 2012
- US elections

I believe that CRE will start reporting that trading is picking up nicely from expectations at some point, which would leave the P/E of 4.8 or so looking even better value.

At the worst, all these events this year will offset the general economic gloom in Europe and tide CRE over whilst confidence stabilises and improves.

[interceptor2] 30/4/2012 08:27

Brought back in today.

PER of 4.8, Net Cash, 5% Dividend supported by strong cashflow = a no brainer imv.

ic2...

[madengland] 30/4/2012 08:16

Conservative - 30-50% undervalued, although a loger term outlook says more. Buy buy buy

[knigel] 30/4/2012 07:27

Update today...

[madengland] 27/4/2012 16:20

Looks like some shorting activity of late. So a trading update with the divi maintained, and confirmation that wheels have not fallen off the bus would be good.

Just add Cre to get stack on loan, bottom right of page...

[madengland] 25/4/2012 20:28

Markt, mm are not that stupid! Look again mate. Cheers for constant reminder of cre returns since 2000. It is a bit like a broken record at times. Personally I am happy to buy at this price for the sipp. All the best

[madengland] 25/4/2012 19:54

Bsh - actually not a buy a transfer before tax end into sipp. Apologies, just re read. We know of hermes and ruffer to be true. Guess he was just taking advantage of taxation rules pre year end. We shall see Monday. I still suspect a shake.

[markt] 25/4/2012 19:12

...looking at the trades....looks perhaps like someone selling repeatedly....and market makers then happy to sell those shares at a loss, which is worrying....

but is it due to insider or trade information.....or just someone selling 'cause they are desperate to buy something else that is roaring upwards...

but in any case.....

sad fact for Creston is that it listed in 2000 at around 96p I think and now ...12 years later it is around 60p......

That is reality. Shows that the market is not happy. But the London markets are not always right. (many city boys are private school boys that don't know what they are doing)

with the 2 main movers being
- Don Elgie
- David Marshall (who organised/agreed/proposed for Don Elgie 'idea' and synergy to move into Creston cash shell)

and David Marshall's record is not good. (see LFI msg board is interested)
(Doctors Direct, complete loss of investment, Sanctuary Group ...ended up being owned by creditors, MWB collapsed from 300p to 8p....trail of destruction !)

while at the same time Don Elgie has managed to wangle himself a massive income and bonus package (with David Marshall on the renumeration committee supporting it)...so the CEO getting rich while shareholders get ...poor

and while the Marshalls receive imo a return of 14% /year from their investment in LFI/WSE. So high that maybe they dont care about much else !

---

On the other hand CRE shares are looking cheap....but if a profit warning then they will look expensive.

---

Marketing sector is becoming more and more affected by technology. and more and more competition
can Don Elgie and Creston handle that ?. The digital section of CRE has been doing very well in the last years which would indicates that yes,....whether that stills continues, we don't know.

the last numbers from Creston were a massive "miss" ..expected business did not arrive....declared imo as a one off
but if that has continued then maybe there is more bad news...

Marketing sector is cheap.....because the market sees the sector as risky...
(HTC have been a large customer....and HTC have had bad results, very bad...and imo have been showing less advertising although now I personally am seeing new HTC ads.)

[bsharman3] 25/4/2012 17:57

Lets hope you are correct. I have a suspicion that something has been leaked and Monday will bring about another profit warning. I hope as a holder that this is not the case. When were the latest director deals and at what prices and amounts?
Cheers

[madengland] 25/4/2012 17:25

No sector news or significant movement. So insider knowledge pre Monday or an attempt to dislodge holders pre Monday. I plum for the latter personally. What do we make of the 2 trades totally 95k stock at 9.30 ish but reported later. If it holds at this price could look very cheap Monday. I for one am swooping in for more tomorrow if thats the case

[bsharman3] 25/4/2012 16:29

This is falling like a lead brick today - Any insights?

[bsharman3] 25/4/2012 16:24

seriously what is happening here? bad statement on its way?

[madengland] 25/4/2012 12:27

Or manipulation pre Monday....... Barrie Brien, Ruffer and Heremes all been buying of late. Way oversold still imo

[bsharman3] 25/4/2012 11:31

A big sell?

[madengland] 16/4/2012 11:21

Tiny buys make jumps.....think this could be above 80p very soon.

[5dally] 04/4/2012 11:32

Nice to see us up on a red day :-)

[rivaldo] 04/4/2012 08:43

Yep, going well now Madengland - trading update in just over 3 weeks' time may well show prospects improving given recent statements in CRE's sector.

With the cost reductions implemented, as well as investment in new products and full integration of acquisitions, the current year may turn out rather well.

The three latest forecasts range from 11.3p EPS to 14.9p EPS for the current year, after 11.2p-12.75p EPS for the year just finished.

[madengland] 02/4/2012 09:19

Wonder if we will see a decent run after a break out.......now that i think the world has realised that the sky has not fallen in on this sector. Am tempted to take a few more at this level

[markt] 29/3/2012 11:22

..off thread ..so I've deleted this post

[madengland] 21/3/2012 09:31

Yes, good to see peeps adding Riv. I was pleased when ruffer came on board, and extremely pleased when Hermes did as their active approach is welcome. I do not feel DE and the board do enough to drive shareholder value and I hope that Hermes playing a role could help improve current rating. I don't know much about Ignis, but always good to see peeps adding

[rivaldo] 20/3/2012 15:00

RNS just out - CRE has a new major shareholder, with Ignis holding over 3.5%:



Looks like they've recently added around 573,000 shares to take them above the 3% level.

[madengland] 18/3/2012 18:52

Thanks Riv for the post. Aegis were very bullish about Olympics. I wonder when the value of the Digital revenue stream of CRE will be realised in the share price Its always been an area of impressive growth

[rivaldo] 16/3/2012 12:35

CRE should benefit from this year's expected advertising boom, especially given:

- their US presence
- and their fast-increasing digital division

as per today's Times:



"Digital is the winner, whoever gets in the White House

The triple effect of the Olympic Games, Euro 2012 and the US elections will account for 1 to 2 per cent growth in global advertising this year
Susan Thompson
Last updated at 10:30PM, March 15 2012

Global advertising spending will jump by 6 per cent this year, driven by big sporting events and the race for the White House in America, according to a leading media agency.

The triple effect of the US elections, the Olympic Games and Euro 2012 will account for 1 to 2 per cent of the forecast growth, or $4.5 billion to $9 billion, Carat, part of the Aegis Group, said.

It predicted that spending on digital advertising should overtake newspapers for the first time next year, although Jerry Buhlmann, the Aegis chief executive, said that print media was still performing well in less-developed markets such as China. "Newspapers are actually growing in a lot of the faster-growing regions," he said. "The global picture is not quite as gloomy as it appears to be in developed markets."

Carat said that digital will account for 15.5 per cent of advertising budgets next year.

etc"