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it's not a rip-roaring roller-coaster like wrn or qpp, to be sure. well done on a patch of blue, good omen perhaps for 2015. giles hargreaves still holds and rates this one in the multi-cap fund.
afternoon Spikey. yes hopefully at last we can see the value come out of this one. I am finally in profit !
trading announcement last year was on 22nd jan i think .... this rise in anticipation of update in next week or so? i can't see any specific date announced yet.
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Good evening Dyna., thanks for the comments, much appreciated. Good to hear from you. I hope you had a good Christmas. I would like to return your good wishes, full measure and indeed to all on this board. Regards CM
hi CM. As you know I am taking a break for family and holidays but wanted to wish you the best now and into 2015. Your one of the nicest people on these boards
Very funny, Santa approves, personally I think we are about there (hope so) so well done for holding.
Thanks PP for the post. I had thought I had answered the post, but obviously not. Not a long piece, but positive. Nice to see CLL move North today, very much against the market trend for the day. For much of the day my portfolio was nicely up, right up to mid/late afternoon, so was surprised to see it end in the red again. The markets have gone wobbly again and we are back to where we were late October, this time largely on the back of the falling oil price it seems - thought that was meant to be good. Typically the market is looking for something to worry about. Probably not so bad to see a retrace in the indicies so that it can run higher again; just don't know how low they will go. This time I am trying to hold my nerve more. Maybe Santa is being delayed for his rally this year; is that an unseen consequence of global warming?. Regards CM
Useful post thanks. I invested in Cello about a month ago. The management look very capable of managing a business ten times its current size. They seem to make good acquisitions that fit well without braking the bank and paying top dollar.
A nice recommendation from Giles Hargreaves who runs the Marlborough UK Micro-Cap Growth fund whose fund has risen by 285% over the last decade has recommended 3 aim shares to hold for the next decade and Cello is one of them. Lets hope it can help the share price along a little. http://www.telegraph.co.uk/finance/personalfinance/investing/funds/11287939/Giles-Hargreave-three-Aim-shares-to-buy-and-hold-for-the-next-decade.html
Hi Chequmate! Yes good to see your reply here and nice to be involved with a pretty sane board. Well done for sticking to the stop loss strategy. BOOM has fallen quite a bit. You and I have recognised it as being a high risk investment. I stand bye the argument that there is no need to let any investment fall to much. But most PI's fail to grasp that their investments may actually be 'wrong' or 'timed wrong'. I hear it all the time.. the short term punt, suddenly becomes a long term investment .... I will respect this board and not go into any more details.
Hi Dyna, good to see you on here. Glad to see CLL is one of not so many stocks which haven't fallen today. Stop lost out of BOOM early this morning. Should have put a sl on it before yesterday at around 12p, but caught out by sudden downward movement and not in a position to trade during the day. Robbie Burns' wisdom about using a stop loss again, regardless as he would put it. Too often our emotions take over and we end up losing yet more money. I can always buy back in. Kicking myself for not taking action earlier. Capital is so hard to acquire, all to easy to lose. Live to fight another day. Bad day generally it seems. Hope you are having better luck than me. Apologies for being off topic. Regards CM
CELLO GROUP PLC Acquisition of Worldwide Promedica Inc Cello Group plc (AIM: CLL, "Cello", or "the Group"), the healthcare and consumer strategic marketing group, is pleased to announce the acquisition of Worldwide Promedica Inc ("Promedica"). Promedica is a San Francisco based market research firm serving pharmaceutical and biotechnology companies. Promedica had revenues of $1.9m in the year to December 2013. Promedica will form part of Cello Health, and will work closely with Cello Health Insight in London, New York and Chicago to continue the development of the offer to the large number of global clients of Cello Health. The initial consideration is $700,000 payable in cash, with a maximum of $1.8m payable as deferred consideration dependent on financial performance in the period to 31 December 2017. Up to 50% of the deferred consideration is potentially payable in shares at the sole option of Cello. Stephen Highley, Chairman of Cello Health commented: "We're delighted to warmly welcome Promedica into Cello Health. This experienced and talented team will now open up capacity on the West Coast of America where we are seeing significant activity from both pharmaceutical and biotechnology clients". -------------------- No share dilution necessary. Cello is well funded for both initial payment of 700000USD and the deferred payment thereafter. Performance related.
Thanks Dyna, much appreciated as usual. I will make the time to look into what you have mentioned. Regards CM
Another great source in which all honesty has been an excellent source of education is actually Paul Scott's Small Cap Daily report. I am not talking so much of his actual opinion but now and again he will take a screen grab of the balance sheet and highlight a red flag. I downloaded all his comments on QPP and GBO this past two years. What he taught me in these comments, was to take much more attention to ''Trade and Receivables' (Debtors). How booking payments not invoiced or yet received can inflate profits, but can effect cash flows etc. He also gave out freely good descriptions on Capitalising costs etc. CM it would take a lot of reading to go through all the posts but I found it well worth doing and I am better for it. cheers
I have read 'Your next great stock' by Jack Houg It is principally a boos about stock screening however there is a chapter on the Income Statement, Balance Sheet and Cash Flow. It doesn't go into depth but does point out what to look for in each of these reports for potential warning signs. ---------- But my favourite book in this category is 'Understanding Company News, How to interpret stock market announcement' by Rodney Hobson This book has taught me how to read in between the lines. It explains how the PR machine can put gloss on a company report but also shows how to find the red flags in amongst all the gloss. This is why I am correct but I cause upset in many boards amongst the bulls. Is because using the methods learned from the book and with experience I have managed to avoid many pitfall the strong buy bridge fall into. GL CM.
Thanks for that O. I will see if I can find a copy. CM
Chequemate - Accounts Demystified by Anthony Rice is a good starter book.
Can anyone recommend a book which explains (easily) how to understand company financial statements?. This is an important area of investing where I am seriously lacking knowledge/understanding. I am sure I can improve my investment performance by getting at least a handle on the subject. Thanks and regards CM
Correction typo spread was 84 - 87
Thanks che. You set out all the good reasons I bought. Interestingly you can see my share trade of 10,000 shares today but LSE shows it as a sell not buy!! Easy to spot as so few trades. Interestingly as you say the spread is quite quite I was show 84 to 85 bid to offer. I deal through TDW and put in a fix or kill of 85p and was surprised it got taken!
Welcome to the CLL board Syny. Hope this share will prove profitable to you. Don't expect anything dramatic anytime soon, more likely to be slow and steady. I am thinking it will be more a case of looking back over a good no. of months, year or so that together with the dividends payable that we will be able to look at what will possibly be a good choice of investment; nothing guaranteed of course. There are still many things out there in the larger world which can knock all shares. There are a number of very encouraging signs with CLL. Market cap. not too high, relatively low no. of shares in issue, a low PE and PEG, director and institutional interest, rising revenue, profit and operating margin, a good ROCE and an increasing dividend over the last 8 years (I believe). The spread is larger than ideal, due to the lack of trades largely, market makers have to make their money somehow. Not a lot to worry about, since I invested in TRCS at a very similar price to what CLL is today with few shares in issue and that rose 400% in the couple of years I held to when I sold out recently. CLL pay a decent dividend unlike TRCS. Not saying CLL will do a TRCS of couse, half of that would be nice!. Additionally this is a nice quiet board, with no rampers nor derampers, no-one (as yet) hot under the collar. This share is definitely off most radars. It would be very easy to invest more here rather than go chasing quick profits elsewhere only to come unstuck. Having said that, I have one or two other companies on my radar vying for any spare funds which are also off radars. Good luck and regards CM
Hello chq and dyn. Just bought into this company. Liked the fundementals, Ceo looks strong and has relavent background to grow this business bigger. Good cover on divi and interest. Looking forward to a good future I hope.
Hello D. Glad your other investments are doing ok. I'm not a fan of shorting as you know, but, hey, if you can do it and make a buck or two, well, then, you're not doing anything illegal. Fact is, shorting has been going on for far longer than most investors realise, just hadn't been made so public previously. I can't short with the accounts I have, and would have to use a different broker. It surprises me just how far a share can fall, even when we think it can't fall much further; fact is, oh yes it can. Same works the other way too. Which is why many investors are afraid to invest in a share which is at its year high, thinking it can't go much higher and would rather invest in a share near or at its' year low, thinking it can't go much lower. I am of the mindset right at this present moment, thinking I can't do right for doing wrong!. If I buy, the share falls, if I then sell, it then rises!. We've all been there of course; it rather knocks ones confidence though. At least with CLL, I can very largely switch off and let it be. RNSs here seem to be few and far between; not sure when any update is due. No civil war here, yo!. Regards CM
yes good to be back and return to the quiet board. You probably say that I commented on 'that' board again. I never learn huh! I needed to keep an eye on that stock movements as you know why. but back on topic, I decided I wanted CLL back in my portfolio so replaced CSRT with it. CSRT was a recent buy that i was a little uncomfortable with and i really feel CLL deserves an upward rating after year end result come out. My other investments are doing ok, although it is my evil shorting that seems to be giving me best returns so far but i previously mentioned my shorting and spread bet portfolio is much smaller than my ISA investments. in the meantime I hope your doing well.