Conduit Share Discussion Threads

[rivaldo] 19/6/2013 18:39

Edison noted that CRE would have to be at 144p just to be at the average rating for its sector.

144p would do for me, at least until Havas make a bid :o))

[madengland] 19/6/2013 17:38

Good luck with that! I made a few quid with cre funds sold at 90p but not as much as if I stayed. I was a long long term holder of cre but got very disillusioned with Don Elgie, feeling he was not driving value for shareholders but was feathering his nest nicely. I like the office consolidation move and the digital growth so hoping the discount that cre has had might just disappear. Fingers crossed and good luck tomorrow!

[funkmasterp12] 19/6/2013 17:12

I just pray the DXNS news is good tomorrow, which all indicators say it will be (I used my Creston earnings to pick these up). It'll make me feel less bad.

[funkmasterp12] 19/6/2013 17:09

Yeah he tipped them today in his last update before his summer break. He didn't specify a target:

"I've bought some more Creston (CRE) this one is already going well, up more than 50% but it was time to buy more once I saw its latest statement.

It seems to be ready to start improving profits and it now has some decent cash too. Also I think there is a chance of someone bidding for it.

And the real final nice thing is a share buyback has started - so at the very least it's unlikely the shares will go down much, but there is plenty of opportunity for more upside. I got in for more at a smidge under 95."

[wellum1959] 19/6/2013 17:00

I've had a look on his website and he bought them last year and still not sold according to his list. He appears to be on holiday at present!!

[madengland] 19/6/2013 16:45

Amazing how one persons words can have that effect. Does he have a target price?

[madengland] 19/6/2013 16:42

Yep funk I got out last year about 90p average. Got back in quite a few over last few days. Think it's got a bit to run now. Personally i am targeting 150p.

[funkmasterp12] 19/6/2013 16:36

Even more reason for me to hate myself for selling out last year!

[funkmasterp12] 19/6/2013 16:36

Robbie Burns tip on Naked Trader website.

[interceptor2] 19/6/2013 16:34

Yes lots of small buying after 16:00, could have either been mentioned somewhere or a broker is recommending to it's clients?

ic2...

[madengland] 19/6/2013 16:32

Interesting to see so much action in last 15 mins

[madengland] 19/6/2013 16:26

Tidy little jump!

[rivaldo] 19/6/2013 14:18

The point of posting the article is to highlight the CEO's interesting comments about CRE's Government contract win.

The rest is irrelevant and not worth wasting anyone's time about with a further post.

[smithie6] 19/6/2013 14:10

...hope no one paid the journo for that article !

blah blah..."saw annual profits rise 7.5% to £9.8" "half of turnover came from digital. Shares climbed 4%"

[rivaldo] 19/6/2013 13:39

Nice article about how CRE have won out over other agencies for Government contracts:

hxxp://www.pressdisplay.com/pressdisplay/viewer.aspx

"12 Jun 2013 London Evening Standard (West End Final A)
Gideon Spanier

Creston gives rivals ticking off

ADVERTISING agencies which have been complaining about failing to get on the Governmnent's roster for marketing work are just suffering from "sour grapes".

That's according to Creston chief executive Don Elgie who today boasted how his group is on the shortlist for more Whitehall briefs than any other firm.
Many in ad land have been furious after the Government, previously a big spender, slashed the number of approved agencies on its roster in an austerity drive.

Elgie said Creston agencies got onto the roster "only because we were extremely thorough" and rivals who missed out should blame themselves. Creston, which owns digital firm TMW and PR agency Nelson Bostock, saw annual profits rise 7.5% to £9.8 million on flat sales of £75.2 million.

Almost half of turnover came from digital. Shares climbed 4%."

[smithie6] 19/6/2013 12:49

going 1 step further

I then estimate that approx. 25M shares held by people with < 3% each
but if assume that there are some big holders with 1-3% that are long term holders....perhaps looking 5 years ahead....

then

the number of shares not held by big holders looking X years ahead is perhaps 10-15M

if the buy back process has authorisation to buy up 6M shares....
then it looks to me like they are not available...
(the super illiquidity of CRE shares supports this view imo)
6M out of 10-15M ....too high a %...

will the buy back stop if the price to buy is unattractive ??

[smithie6] 19/6/2013 12:44

I'll repeat my post as well !!

...(I think you have overlooked some valid pts. it made)


"looks like they bt. 5% after the last annual report date...around July 2012


should they not have made disclosures when went above 6,7,8 and 9 % ??"

[rivaldo] 19/6/2013 12:23

Smithie6/markt, you're looking at data which goes back to 5th July 2012 and is out of date.

I shall repeat my post above which you perhaps missed.

The last holdings RNS from Fidelity was on 16th July last year, when they held 3.25m shares, or 5.3%:



According to yesterday's RNS Fidelity now have 6.13m shares, or 10% of CRE:



They've almost doubled their holding in the last year.

[rivaldo] 19/6/2013 12:09

The last holdings RNS from Fidelity was on 16th July last year, when they held 3.25m shares, or 5.3%:



According to yesterday's RNS Fidelity now have 6.13m shares, or 10% of CRE:



They've almost doubled their holding in the last year.

[c1d] 19/6/2013 11:25

I think that they have reshuffled their holding between different accounts at their end?

[smithie6] 19/6/2013 11:16

Does anyone understand the Fidelity holding disclosure ?

it says imho that the holding before the transaction and after the transaction is the same
hence why a disclosure ?

[madengland] 19/6/2013 06:48

It would not be a surprise to see a few more increase holdings or new funds enter over the next few weeks. Hoping to see a steady rise to Aug interim mgt statement. Gla

[rivaldo] 18/6/2013 15:21

RNS just out - Fidelity have been buying and are now up to 10% of CRE:

[funkmasterp12] 18/6/2013 12:24

Sounds good! Will check those out for sure. SIV is an interesting one - it's raced well ahead of itself in recent times so I think a pull-back is due, but a great example of a company slowly reinventing itself.