Conduit Share Discussion Threads

[5dally] 13/7/2012 14:18

Nice end to the week for us here :-)

[daz] 12/7/2012 21:35

The chart is starting to look healthy, the bottom looks to be in and a new uptrend developing and the Aegis takeover ought to support the price over the next few weeks as well.

[boonkoh] 12/7/2012 21:31

Did you read the article in the London Evening Standard yesterday or the day before? Apparently advertising sales haven't been as good as most people had predicted for the Olympics. Therefore might be a read across to comms and PR as well.

[madengland] 12/7/2012 17:39

Yes Riv, and it seems the strange AT trades of 159 and 160 at identical times past each hour are keeping a bit of a lid on a good volume buys. Loan stock is lower than was. I am looking forward to IMS on 1/8, pre xd date. Good news for AGS holders, CRE would be a good buy!

[rivaldo] 12/7/2012 11:11

On a bit of an uptrend at present. News of the £3.2 billion takeover of Aegis may help sentiment in the sector.

The latest forecast is dated 6th July from Singer Capital Markets:

This year - 13.4p EPS, 3.8p dividend (up from last year's 3.5p divi)
Next year - 14.4p EPS, 4.1p dividend

Almost a 7% divi yield....

XCAP and Investec have slightly higher EPS forecasts this and next year.

[madengland] 29/6/2012 16:27

Riv - thank you for sharing!
Markt - for sure we agree on this point. Am happy to pay top dollar for top performance, we have not had that level of performance, so these grants are unacceptable. I intend to pen my disatisfaction.

[madengland] 27/6/2012 08:29

Just over a million shares of loan stock bought back since 13/6. Going to be interested if we do see an rns relating to the two 2.9M trades yesterday morning.

[markie7] 26/6/2012 12:18

will be RNS soon. thats a lot.

[madengland] 26/6/2012 11:39

Just a few shares traded....9% Company. Any ideas?

[markt] 24/6/2012 17:26

PS
Some mistakes in my rough calcs.....I will try to re-do when I have time....(if I can stop these brunettes from rubbing suntan lotion on me !, back to brunettes, I never was a blondes man)

----

Markie7
....I suggest you read the posts, you've got it wrong....I am exposed to CRE, in long way, not short way....(maybe it is you that is Mr Ruffer !..or maybe 'Mad gland')

I see nothing against some open discussion of the results and valuations of past acquisitions...but little interest or in depth analysis imo , mainly posts saying 'buy '

[markie7] 23/6/2012 18:18

you are doing a lot of work here for a non holder. interesting.

[markt] 22/6/2012 14:47

Mad gland
...so I'm a rich investment house owner...
...and just picked up X million Creston shares

In that case, I'll ring my butler to bring the speedboat round for this afternoon,.... with blondes today... for a change !

if only !

[rivaldo] 22/6/2012 14:00

Nice - from UK-Analyst last night, though 80p would still only be a current year P/E of 5.97:

"Singer Capital retained its "buy" rating for Creston (CRE) with an increased target price of 80p, from 75p. The communications group met the broker's 2012 full year targets, with a higher than expected dividend of 3.5p. Singer is encouraged by the firm's growing international exposure, accounting for 30% of revenues, compared to 25% in 2011, and believes that this will increase further as the Corkery acquisition is integrated. The shares were unchanged at 54p."

[madengland] 21/6/2012 19:48

Hi Riv, I had not twigged that Hermes were holding as small cap tracking, but knew LG were. So the overhang was bigger than I realised. Also explains the loan stock size increase, an easy few quid for someone. Agree, good to see Ruffer adding. They certainly do their due diligence. Time to fess up markt - you are actually Jonathen Ruffer and you were deramping prior to adding shares. Consider yourself rumbled fella but well done on a shrewd top up of this debt free value growth stock. You deserve to make a few quid as you clearly did your work on the books while putting us all off the scent. ;-)

[rivaldo] 21/6/2012 15:30

New RNS just out - Ruffer took 1.2m of the shares and are now up to 6.15m, or more than 10% of CRE.

Excellent. Ruffer are EXTREMELY high quality investors.

[markie7] 21/6/2012 13:29

think it fell out of small cap index into fledgling - hence trackers unwinding

[simon42] 20/6/2012 12:29

Huge volume (3million shares) going through today so far.

[madengland] 20/6/2012 12:27

Indeed Riv. As earlier, big overhang cleared imo and loan stock positions will be closed. Great value at this price.

[rivaldo] 20/6/2012 12:23

Nice bounce today.

I wonder if CRE is a bid target at this level? On a P/E of 4, with a healthy Balance Sheet and excellent positioning in digital and healthcare one might think so.