The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Someone make a trade, please! I just envisage tumble weed rolling through the CPP office. Like a ghost town.
100% agree, it's a disaster for shareholders. Ogston, Phoenix and Schroders need to be doing something about it, the Chairman has had long enough to turn things around and the share price has halved during his tenure.
A few years back I used to be a fairly regular poster on here. Seem to recall prolific posters like Morley & Yorkshireman. Now the thread might as well be shut down given the interest level. Same goes at ADVFN. I thought this was supposed to be a PLC? What are the directors doing to stimulate interest from prospective investors? Have they not heard of investor PR?
I only have a very small holding these days having thankfully sold majority of my stock at 5p (old money pre cons). I've just had a quick butchers at recent results and on the face of it, the numbers look good; revenues holding, EBITDA growing, decent balance sheet and cash position and seemingly and good foundation for growth. But then, following the long overdue decision to reinstate the dividend last year, it gets cut it in half for this year. This is despite, in the company’s own words, not having a defined strategy or anything to spend the money on - if that’s the case then give it back by at least maintaining the dividend.
The share price has tumbled over the past few months to a point where the current market capitalisation is less than the cash the company holds - this means that the intrinsic value of its operating businesses is less than zero. Its Indian business generates nearly £8m EBITDA on its own - rudimentary research on Indian valuations should point to a minimum 8x - 10x EBITDA multiple price tag for that business alone. They say it’s fairly autonomous, and imply that the new IT platform will make it fully so by the end of the year. Let’s see that value realised and returned.
It’s about time that the Board of CPP step up to the plate and do what’s right for all CPP’s shareholders - big and small - put us all out of our misery, we’ve suffered for long enough - no more deliberation or obfuscation - there is value in this business, let’s have some of it back. The ongoing inaction is slowly killing it.
How long does it usually take for us to receive the dividends?
FULL YEAR REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
Resilient performance; continued strategic progress and recommencement of dividends
CPP Group (AIM: CPP), the multinational provider of personal protection and insurance products and services, is pleased to announce its full year results for the 12 months ended 31 December 2020.
Highlights
· Group revenue increased by 2% to £141.1 million (2019: £138.4 million)
· Revenue from Ongoing Operations increased by 5% to £130.1 million (2019 restated: £123.9 million).
· Adjusted EBITDA increased by 17% to £10.3 million (2019: £8.7 million). Start-up losses from our investment in business growth projects totalled £3.1 million (2019: £3.3 million) resulting in an EBITDA of £7.2 million (2019: £5.4 million).
· Operating profit increased to £3.3 million (2019: £1.6 million).
· Profit before tax increased to £2.0 million (2019: £1.1 million).
· Cash balance of £21.9 million as at 31 December 2020 (2019: £22.0 million).
· Recommencement of dividend payment - the first since 2011, with a proposed final dividend of 25 pence per ordinary share.
Strategic progress
· Effective response to COVID-19 with continued new business wins and pipeline growth in a challenging economic environment.
· Strong recovery in India, the Group's main market, with a better than expected return of partner and consumer confidence in the second half.
· Resilient performance of the renewal books in our UK and EU markets, and an encouraging performance in our Turkish operation.
· Partner base grew 10%, demonstrating our value in times of wider economic uncertainty.
· Customer numbers grew 11% to 11.7 million, showing continued consumer demand for our products and services despite the impact of COVID-19.
· Operational restructuring commenced in Q1 2021 to generate efficiencies in our Spain, Mexico and Malaysia businesses.
To Fly ? 25p per share held -- Jesus
This is looking very good and a promising one to hold long term for me.
Wow - dividend at 25p per share!!!!!! Massive - first time since 2011!
Year end results tomorrow - with the update we had in January- think the market is hoping they should be better results - fingers crossed for tomorrow
Last few days have sent this above 500p, anyone know why?
Nice £9000 buys the last week or so - hopefully getting ready for good results at the end of March!
I holding a few of these. Has been given a broker target of 1500. Hopefully might see it back at that level this year.
I wonder if we can get the Reddit gang on this share lol
I only need this to get to 127.00 to break even, I'm not sure that's every going to happen. I bought quite a lot of shares after the initial 50% (ish) drop after the announcement, but it dropped a lot more.
I admit to having lost money in this company due to the PPI issue. When it happened, somebody on the BODs issued a statement to say that it would only affect 2½% of their sales (or at least this is how I remember it). I took too much assurance from the statement and the reality took a while to dawn on me. However, I have taken out a new small investment to add to my portfolio and will watch with interest to see where it goes from here.
Yes here I am hoping to ramp it up, I need a price of £20 just to break even on this so does not seem too much to ask so a price of £30 seems about right to me.
Probably. Can see them jumping on board and looking to ramp this up to 2000p where it belongs. Any ideas on where sp belongs. 5000p me finks based on where numbers are going. Not wanting to be classified a ramper or anything. What ever happened to old slippery slope he is missing out?
We shall see if the message board explodes.
Only taken 4 million years.
Agreed this needs to get back to 4000p to be considered good.
Current share price should be at least four times todays price - Company making so much money and hopefully will make lots more - held for a lot of years as you can probably tell. But still confident - onward and upwards gl all investors.
A massive increase. Be interesting to see where this goes in terms of sp from here. Indications all along were that earnings were going to be good.
https://twitter.com/aim_taking/status/1351139567701778433?s=20
Last years earnings were 1.63m so expecting 7.1-7.3m for 2020 is a big jump.
Even with this rise it is still cheap considering it was over 1200 a couple of years ago.
Looking very good. Will be interesting to see what sp targets come out after this.