Sweett Grp Share Discussion Threads

[optimist at large] 15/7/2005 18:08

It's interesting that the results are so early - only three weeks after the half year end and a month earlier than last year.

[acquisitor] 15/7/2005 16:32

so now we know - the results are due soon, and i guess some people out there except them to be rather good! my only concern here is that any good news may already be in the price.

[acquisitor] 13/7/2005 08:41

Up ANOTHER 2p so far this morning. this beats working for a living!

[acquisitor] 12/7/2005 13:31

sorry - i didn't mean to imply i had any inside info - just that this movement looks very odd! it could be that the company is making positive noises to institutions, or that there is some tangible (good) news due on trading. i have 300k shares, most of which i bought below 6.5p, so this is one of my favourite companies!

[terry91] 11/7/2005 19:41

Very interesting acquisitor, could you expand on any possible news?

[acquisitor] 11/7/2005 19:25

Looks as though market makers have been caught light of stock ahead of upcoming good news. Corporate act is rampant in smaller cap companies and CS is ideally placed to benefit. Let's just watch this space.....

[terry91] 11/7/2005 17:55

Looks like something is afoot. Even without the rise then the closing hour was very interesting.


You could sell at 21.75p bid for 125k, 22.5p offer for ONLY 2500 shares.

3 bid 1 offer L2

Closed as that as well, ging to be a very interesting week ahead.


Any one know why the suddden interest?

[day_dreamer] 09/5/2005 16:02

Take it back, there has been quite a few sells today, you'd think
they would be offering more than 10k now on the back of those sells
but they were short so they will be happy to get some stock back cheaply.

Gravy

[topvest] 08/5/2005 18:26

slapdash - Well I'm happy with my profit..holding cash is good at the moment. I think they are no more exposed than other brokers to be fair and possibly less so. They have a wide client base and are not exposed to the shell market as are many others. Sure they will be hit by a market downturn, but so will others.

[slapdash] 08/5/2005 18:04

ur look at their deals on their website...



one of which renewable energy holdings is a classic concept stock...

or what about TMT group a tech company investing in those sectors...

the market for these kind of things will soon dry up and Corporate Synergy will be badly tainted when they start going wrong..

Business appears good with 40m being raised but that can change very quickly.... and reputation is crucial to a stock broker going forward

DYOR - Slap

[topvest] 08/5/2005 17:47

slapdash - they have been around for 5 years or so. Started by Edward Vandyk, floated as CS then merged with Mountcashel in 2002 and changed their name to Abingdon Capital. Subsequently changed their name back to CS. Never been that convinced about the quality of all of their deals, but they certainly know how to run a profitable business. Always a risk when these 'houses' expand as CS is currently. If markets crash then they won't be looking very pretty. Price looks fair imo as they are a much bigger operation than a couple of years ago.

[optimist at large] 08/5/2005 08:11

slapdash - as they say DYOR, I suspect that nothing I write will change your views.

So far as your statement " They have only been around for a short period" I quote directly from the Corporate Synergy website: -

"Corporate Synergy was founded in 1992. Our strategy has been to build a team of highly motivated people in a culture that emphasises independence and client service. We aim to provide objective, value added advice and an exceptional level of service".

All I have done so far is to point out that the chairman, who was previously the CEO of the London Stock Exchange and well regarded in the city, together with his wife have bought £40K worth of shares in recent days. Many would consider this bullish especially since the shares have been making new highs in a veru difficult market.

I have also agreed that the IC may be right is stating that "they are high enough" although it may well be that as in so many cases that the IC does not really understand the business. Additionally I have commented on CS's high level of cash and the fact that a dividend is paid.

I also sold a few last week but bought them back at a very small premium when I saw the buys.

If anyone considers any of the above unreasonable, unrealistic or ramping - so be it.

[slapdash] 07/5/2005 22:25

Optimist - name me 10 of their floats that have done well...

They have only been around for a short period and are floating all the concept stocks that no one else would touch.. interesting how they changed their name from another company before....

[optimist at large] 07/5/2005 20:32

NTV

In the present market the IC may well be right but if you look at the present performance and trading 23p now is as cheap as 5p was at the bottom of the market in early 2003.

[ntv] 07/5/2005 20:28

yes did ok topvest thanx
all this talk on here makes me want to buy into them again
by the way ,piece in ic this week says high enough

[optimist at large] 07/5/2005 20:08

slapdash>

If Corporate Synergy can raise £50-£150m a year in the present climate for 'small AIM tiddlers that are largely concept firms' then they have a very remarkable organisation and one that will be in steady demand.

In reality a little research suggests that many of their clients are doing reasonably well and that CS have a growing reputation.

It's also interesting to note the value of the cash and investments that CS hold together with 25% of the Mountcashel Hedge Fund. CS also pay a dividend which is somewhat unusual for an AIM company.

[slapdash] 07/5/2005 19:16

look at the companies they have raised money for.... small aim tiddlers that are largely concept firms with I would guess most not doing well...

Sooner or later this affects the reputation of Corporate Synergy and when that happens business will dry up pretty quickly..

Slap

[day_dreamer] 07/5/2005 19:15

Well i'm surprised you sold even when trebling your money
if you think they are getting that kind of % profit on these
deals, if it was 3% and say they made a very conservative turnover
of money raised for clients of 50 mil even though they have already done
38mil you would be looking at 1.5mil pre-tax...so a 13 mil market cap with 7 million cash and investments making at least 1.5 mil....this is too cheap
if true and that is why the price is rising all the time, maybe
the margins are less but if they are doubling the amount of deals
this year compared with last and that is well achievable then it
looks far too cheap, no wonder it's rising, it could be over 30p
in a short space of time.

Am i missing something here...must be ?

Gravy

[topvest] 07/5/2005 16:49

3-5% I expect depending on how good a deal they did!

[day_dreamer] 07/5/2005 09:49

"The company has raised over 38 mln stg for clients since the start of 2005,
compared with 40 mln in the whole of 2004"

Any idea of how much they receive in fees then topvest for the above deals ?

Gravy

[topvest] 07/5/2005 09:43

Still hold some. I always go by the principle of buying NOMAD and broker shares in a bear market, sell in a bull market. Tops and bottoms are always difficult to predict. For example, I bought DAN at 1p something and ANC at 7 or 8p; that was value! I'm not saying they are not worth buying, but I take a longer term view on these types of shares.

[day_dreamer] 07/5/2005 09:38

Not too late to get back in though, you both might have sold lower
but you have to take one trade at a time and i dont hesitate to buy
a stock back higher if i think it will make me money.
You've hardly missed the boat at 23.5p to get back in, 30p or higher
and you could think that but not 23.5p.
Even if H2 is not as good as H1 the stock is extremely cheap and even
cheaper when you take away the cash equivalent from the market cap.

"The company has raised over 38 mln stg for clients since the start of 2005,
compared with 40 mln in the whole of 2004"

And obviously business is still booming if those director 200k buy is
anything to go by.

Gravy

[topvest] 06/5/2005 21:29

NTV - yes, a tad unlucky! Oh well, still c.tripled my money. Suspect you did ok as well! Markets are not going to be quite as good in H2 as H1 so thought it was time to bag a profit whilst I could!