Conduit Share Discussion Threads

[rivaldo] 22/5/2013 11:36

RNS out - Ruffer have bought over another 2.1m shares since their last RNS and are now up to 12% with 7.65m shares:



Excellent news.

[rivaldo] 21/5/2013 21:16

Who knows, and who cares since the shares appear to have been snapped up into a rising share price? Could be any reason from a change of fund manager to a change of emphasis in their Fund to a change of opinion about the company.

More interesting will be finding out who's been buying their shares.

[it_trader] 21/5/2013 18:49

Why would they sell tho? Seems to be an odd decision especially now as growth, rerate etc about to take place.

[rivaldo] 21/5/2013 18:20

Excellent news - looks like a major overhang is now cleared.

The question is, who's been buying? Perhaps Ruffer again, or are Havas making a move?

[markie7] 21/5/2013 17:45

USS bailed out completely.

[rivaldo] 20/5/2013 15:08

Yep, 2.1m shares traded already today, including 1m and 0.5m trades, presumably buys. Intriguing.

[funkmasterp12] 20/5/2013 09:58

Some big old volumes going through. Ruffer again?

[rivaldo] 20/5/2013 08:59

Moving up again today. with a buy at 93p.

[rivaldo] 17/5/2013 15:01

Yep, buying coming in at 90p today - we're really up again today with buyers having to pay higher amounts to get stock and sellers getting a premium at 88.3p.

Havas bid speculation maybe. Anyway, I do like it when stocks move sneakily upwards with no immediate apparent stimuli.

[addison17] 16/5/2013 13:09

I have noticed the same thing Rivaldo after a long period of no movement, general market or something in the wind ?

[rivaldo] 15/5/2013 14:11

The share price has been sneaking upwards the last couple of days. Hmmm.

Latest forecasts FYI:

- historic to 31/3/13 : 11.1p EPS, 3.7p dividend
- current year : 12.1p EPS, 3.9p dividend

[rivaldo] 25/4/2013 14:09

New products from ICM:



"ICM Launches 'Rapid Response' Same-Day Polling

April 18 2013

UK research agency ICM has launched a new polling system called 'Rapid Response', which it says will deliver same-day results on breaking national news stories.

The Creston-owned company comprises ICM Research, which conducts research using a full range of methodologies, and ICM Direct, which provides online, telephone and face-to-face data collection.

Using a nationally representative sample of 965 interviews, the firm's new service was tested by The Guardian newspaper last week, following the death of Baroness Thatcher. Results were published six hours after the poll was conceived.

Martin Boon (pictured), Director, Social & Government and Polling at ICM Research, comments: 'We have proven that Rapid Response can deliver the public view on breaking news stories early enough for the results to be included in both the evening's print and digital versions. In today's world of round-the-clock news, it is vital for media clients to have immediate access to accurate, reliable consumer opinion on breaking news stories.'

Last summer, ICM introduced an online methodology for predicting election results called the Wisdom Index, which borrows from crowdsourcing and asks respondents not how they will vote themselves, but how they think the results will pan out overall."

[smithie6] 23/4/2013 10:53

...my opinion is roughly the same...ie. mix of good and bad news....(which is not good !)
so far the USA acquisitions (which was a massive amount of money relative to CRE cap. value) has been proving to have been a complete dud in terms of seeing a financial return on the cost of the investment.....and recent news re-inforces that....
whether the USA ventures will turnaround.....or will add a lot of other benefits to CRE over time....remains to be seen...."so far", as far as I can see, it was a bad decision (from shareholders viewpoint)...and if had spent 20M on share buy back instead then PIs would have seen the share price move up a lot....

noting that medium and long term benefit/gain is often opposed/different to short term...

[funkmasterp12] 23/4/2013 10:11

Still keeping a keen eye here (I hold a position in CHW which is in the same sector).

Despite the value calls I still think c. 10p of the current share price is Havas and from the statements it looks as if the business is trading pretty flat currently. An account loss here, a gain here, an acquisition here - it's all good but nothing seems to be picking up momentum. Also, this new building is intriguing - Paulypilot made an excellent point on his commentary yesterday around the price of upkeep/repairs etc that this may command.

I think for the short term we'll remain in the 83-87p bracket unless there's any new Havas news. Riv makes a good point above - they're certainly close as businesses !

[rivaldo] 22/4/2013 23:27

Looks like I'll have to register for shareprophets then...

The Sanofi revenue looks like just over £3m per annum two years ago - it may have reduced since judging by comments in subsequent results. I'd guess that this will be compensated for by the new work for Reckitt Benckiser and the UK Government.

Here's a summary of the Reckitt contract win - and just look who TMW will be working alongside..... :o))



"19 April 2013 - 10:14am | posted by Stephen Lepitak | 0 comments

Reckitt Benckiser UK consolodates digital advertising activity into TMW

Reckitt Benckiser UK, one of Britain's largest advertisers has appointed TMW to handle its digital advertising activity across its brand portfolio, including Finish, Vanish, Dettol and Nurofen.

The appointment will see TMW work alongside Havas Worldwide as Reckit Benckiser consolidates its digital advertising activity.

Jerome Lemaire, UK marketing director for Reckitt Benckiser commented: "As one of the UK's major advertisers with some of the country's best known brands, digital has become an increasingly important part of the overall marketing mix. Up to now we have used a variety of digital agencies across the brands and while this has resulted in the creation of some memorable and effective campaigns we felt the time was right to bring in one agency who could give us consistency across the portfolio."

He added that the appointment of TMW did not affect the position of Havas Worldwide as its lead agency in the UK."

[gretel1921] 22/4/2013 22:26

Thanks for the link fakename3,
made me feel better.

[rivaldo] 22/4/2013 12:33

It's Havas, the French media group, who took a 6% stake in CRE last year as part of their strategy of acquisitions. I've no idea what your SEC comment is on about markt (I assume that's who you are, don't know why you had to change your moniker).

[smithie6] 22/4/2013 11:24

Opinions on the news ref. USA part ??

[smithie6] 22/4/2013 11:23

I doubt the USA SEC have any interest in a UK listed share !!

[rivaldo] 22/4/2013 11:13

Digital revenues have steadily risen to 45% of Group revenues, and will rise further with the DJM Digital acquisition.

One would assume that the digital wins of UK Government and Reckitt Benckiser work were against large and tough opposition!

Havas have a 6% stake in CRE already. I suspect that today's statement will only increase their interest in CRE.

[boonkoh] 22/4/2013 09:22

Key drivers of increased valuation of these shares will be underlying growth, digital prospects, and bid potential (eg from Havas)The first seems to be treading water at the moment. Need further update over the coming months that top line revenue and PBT are growing.The second, which was trumpeted last year as Creston's strategy, moving into more digital activities, we need to see more progress there. Are they really winning in digital vs other agencies?And lastly, the Havas possibility seems to have died down recently. Also Creston, without strong digital growth, might no longer be on Havas' radar.