Cppgroup Share Price (CPP)

Another positive update, will this share ever come back to life?

Finally some decent news from the company and some evidence that a sensible strategy is being developed. Whether or not the price represents good value - the Broker saying it represents fair value is about as valid as me saying it doesn’t - is subjective, but at least it demonstrates a positive movement to focusing on the core elements of the business.

It does however highlight the complete failure of management to be able to generate a representative share price / market valuation for the company. If this deal represents a value of a non-core part of the Group - and one which you would think the market didn’t really value at all - at £5m and one which hasn’t been factored into any of the company’s budgets then, even after recent sp jumps, why is the company valued at less than £14m??

Don’t forget it’s got more than that in cash reserves, most of which are accessible, and a business in India with £100m+ turnover and that’s before you get to what the Board keep referring to as the future / core of the business in Blink……management recently stated that it thinks India and Blink could be worth as much as £30m each which would give a sp of c. £7…..they need to get out there and bang the drum a bit more to get the market to buy into this and to get more retail shareholders wanting to invest. Central to this is liquidity and at least the prospect of returning to a dividend flow at some point in the foreseeable future.

We got a little mention!

https://zakstraderscafe.com/weekend-bulletin-board-heroes-november-26/8092/

And greed - Is that Clown, Dunce Morrison still running this SP into the ground?

Quote from the Sunday Times last week:

"David Morrison, the chairman of CPP, the publicly listed insurance giant Ogston founded before leaving in disgrace a decade ago, said he had severed ties with the millionaire. The pair had a secretive agreement whereby he served as Ogston's representative on the board in exchange for £30,000 a year."

Is this on top of the £110,000 he took from the company last year??

For doing what exactly? - apart from overseeing the share price fall by over 50% during his tenure.

He needs to go. A grubby back door arrangement with Ogston which has never been disclosed to shareholders. The FCA should be investigating this.

Ogston also needs to go, and the sooner the better - he is dragging the company down to his level by his ongoing association. The company needs to be free of these characters to be able to get on and deliver value to its other shareholders.