Cupid Share Discussion Threads

[lennonsalive] 08/12/2014 18:38

Where is J777J?

[bam bam rubble] 08/12/2014 16:05

The Company aims to keep company overheads to a minimum with
£900,000 cash reserved for working capital from Jan-Dec 2015

-£75,000/month for overheads/salaries isn't all that minimal

[nick rubens] 08/12/2014 16:02

Geheimnis Yesbu tom winni changed his mind afterwards, cut losses job.

It's been disastrous.

[21trader] 08/12/2014 15:39

17-21p but they are bidding 18.75p online

[21trader] 08/12/2014 14:32

18.6-19.44 online spread

[bad robot] 08/12/2014 13:35

That's why the spread of 3p. MM has fully valued it now to cash.

They are not exactly going to let PI sell at cash.

[bad robot] 08/12/2014 13:03

True my bad.




someuwin 8 Dec'14 - 10:36 - 4110 of 4115 0 0

There's a difference between discount to NAV and discount to CASH.

CUP will have £18m CASH to spend or return to shareholders.

[lazygun] 08/12/2014 11:20

they say £18 mil, but the circular says nearer £12 mill, so not sure where the other £6 mill comes from....

[21trader] 08/12/2014 10:57

Bidding 19p mid price told you they want the stock

[21trader] 08/12/2014 10:56

20.7p offer from 18p well done BR :-))

[muffster] 08/12/2014 10:54

Did anyone else follow Richard Griffiths into this? He has lost a fortune here.

[someuwin] 08/12/2014 10:36

There's a difference between discount to NAV and discount to CASH.

CUP will have £18m CASH to spend or return to shareholders.

Current mkt cap £12.5

"The Company will effectively become a well capitalised cash shell with approximately GBP18 million that can be utilised for new opportunities in line with our proposed investing policy or returned to shareholders."

[phowdo] 08/12/2014 10:27

"The Board will also consider appointing additional directors with
relevant experience if the need arises"

Gravy Train for them and their mates then...

[bad robot] 08/12/2014 10:25

aim companies do trade at -40%/ -50% to NAV. Some even trade at -70% to NAV

So possibly nearer to 10p-12p

[lazygun] 08/12/2014 10:24

From the circular:

The Company’s proposed Investing Policy is to invest in businesses that typically have attributed to
them some or all of the following criteria and characteristics:
• Strong management;
• An established entity in growth mode;
• Profitable at the EBITDA level;15
• Generating positive cash flows or imminently likely to do so;
• Good levels of revenue visibility; and
• The ability to pay dividends.
The Board believes that the broad collective experience of the Directors together with their extensive
network of contacts will assist them in the identification, evaluation and funding of suitable investment
opportunities. When necessary, other external professionals will be engaged to assist in the due
diligence of prospective opportunities. The Board will also consider appointing additional directors with
relevant experience if the need arises.

[21trader] 08/12/2014 10:12

Bidding way over to get stock and online bid rises after each sale so they have buy orders here.

17.27p bid online next to quoted 16p bid monitor.

[envirovision] 08/12/2014 10:12

After the completion of the Disposal, the Company is expected to have cash and cash equivalents of approximately GBP13 million.

Closure costs

The Company has set aside GBP1.7 million to cover the costs of closing out the operations in UK, USA, France and Ukraine along with terminating various operating contracts. These costs will be incurred during 2015.

this has further to fall !!!

[21trader] 08/12/2014 09:51

They never stood a chance. There seems to be dating sites for everything now !

[the monkster] 08/12/2014 09:49

what a disaster this has been.

[phowdo] 08/12/2014 09:44

Suspect some funds will be exiting regardless of price - part of their investment mandates.
Watching but reluctant to take a position yet...

[someuwin] 08/12/2014 09:44

Can't argue with the maths...

Current value £12.8m

Worth £18m...

"The Company will effectively become a well capitalised cash shell with approximately GBP18 million that can be utilised for new opportunities in line with our proposed investing policy or returned to shareholders."

[21trader] 08/12/2014 09:39

I've took some right or wrong I believe it is oversold on the numbers by about 50%.

Does not mean the price will recover back to the cash value of 18 mil market cap
but a bounce is on the cards of some sorts

[jonc] 08/12/2014 09:06

On the face of it you are correct but I need to go back and look at the accounts to make a more considered opinion.