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According to this site on the week of 22/11/2010 the s.p. was 32.50p. Today almost 5 years on the s.p.is 65.50p plus we are getting a dividend. Looking at some of my other shares this is stellar. Are we at present in a re-rating - please see today's announcement - or are there perhaps some people who are buying in the hope of a takeover, or what?
It seems that the last trade was 10,000 @ 62.5p. Whilst it is most gratifying that we should be up over 8% on the day it does make one wonder why all of a sudden. Has there been a tip somewhere?
Thank you theheirachy for your succinct summing up of the present state of play, excellent. .
A few thoughts that may be of interest http://www.privatepunter.co.uk/News/more-on-cnc-2-september-2015
Good results today
On Tuesday.
So much for Google Finance… CNC down by a whopping 45%!
Trading update soon. Strong results expected. Now is the time to buy. Still in my bottom draw. BUY BUY BUY
62 - 65p, up 7.63% on an official turnover of 168,883 shares (London Stock Exchange). If this continues then it is beginning to suggest a serious stake building. As best is understood: If a buyer wants a big stake in a business they would first approach 'the shop' and see if they know of any sellers. If there are no known sellers then the buyer has to decide whether to buy in the market in dribs and drabs or go for it and force the price through the roof. If I were a serious bidder for a business I would have a clear idea as to my initial bid price and would pick up as much stock as possible below this price. So what is really happening here? Maybe nothing to get excited about, perhaps it is just someone who thinks that the stock is cheap. Time will tell.
Including this there have now been 55 CNC posts on this site since 25 June 2010. Against this and as noted below by theheirachy, is the fact that CNC has a strong balance sheet, pays a decent dividend, makes good products and has a healthy reputation within its industry. The fact that there are no fireworks means that CNC is an old fashioned investment as opposed to an out and out punt. With a number of market sectors now falling out of bed, oil/gas, gold, general commodities, and retailers, it is something of a relief to own a share in an extremely high-tech and steadily growing business whose market, products and posture are not in a state of chaos but merely subject to developing products for which there appears to be a steady market. If anyone wants excitement for the sake of it then this is probably the moment to buy gold!
tom111, Such is the lack of interest that not a single share has been dealt in today - so far. Falling Knife, So far the possibility of a takeover has been the main reason for holding. The fact that there is no follow through leads to the thought that someone thinks that the business (which is now almost entirely liberated from a Government sales embargo) is/will be doing better than is generally realised, thus the rise might be more in the area of a re-rating than an imminent takeover, we will see.
lack of interest here after a big rise,always a good sign
what's going on here. 10% up in 2 days on what is normally a well boring share? Takeover rumour?
Hi Storm, largely agree with your thoughts. Well run, strong balance sheet, nice dividend, decent products that are well respected. Posted thoughts a while back that may be of interest. http://www.privatepunter.co.uk/Companies/more-thoughts-on-cnc-30-march-2015
At a closing price of 55.5p this now exceeds the five year closing high of 54.40p of mid-January 2013. It is interesting to note that the trading high for today was 57.5p. Patience is now being rewarded for all those who have hung in here for a few years. I do wonder though that if they come back a bit whether it is time to take the risk of topping up, i.e. averaging up - or is it silly to ruin a good position? The Concurrent high-tech products appear to be world class and despite the Government lifting the sales embargo on most of them, it is said that there are a few that are still 'sales sensitive'. Since he market cap. was and still is quite low I bought on the hope that someone would buy them out, maybe it will still happen. Please what does everyone think about this? Thanks.
Currently trading at 53.5 up 7% so far. The turnover is low so presumably either the 70,000 buy yesterday afternoon has left the market makers short of stock or there are orders that cannot be fulfilled, perhaps there is heavy trading on the derivatives market. Whatever the reason it does seem that this overlooked little business is ripe for a takeover. The market cap is under £40M, and they have some very useful patents along with lots of know-how, also there is it seems a healthy order book and they pay dividends with a yield of over 3%. Thinking about the overall it rather feels like a question of time. If I had the money and were younger I would consider buying it myself!
Lacroix..lòoks like folk heard you shout..lol
Strong sales report. Strong profit growth. Strong management. Looks like the pause caused by waiting for export licences is over.One for my bottom draw now. BUY BUY BUY
Indeed. Thoughts may be of interest. http://www.privatepunter.co.uk/Companies/more-thoughts-on-cnc-30-march-2015
.....and Diverse Income Trust having picked up 6% of the business must be over the moon!
Director topping up, stock options granted, s/p up over 8%, not bad at all for this overlooked world-class small company. Whoever it was that sold 2,000,000 shares last week at a much lower price must be feeling a little upset this afternoon.
Turnover up, strong profit increase, new products, export licences won, strong growth prospects. Still does it for my portfolio. BUY
20% rise in 2 months. DON'T MISS IT. Still cheap. BUY BUY BUY
At this moment we are just under 11% up on the day. The question is why all of a sudden this should be. Hopefully we are not being bid for as this has always been a rather comfortable investment with good steady long term growth prospects now that the rules to whom they can sell to have been re-written.
I have been researching this company. WOW how have I missed this little gem.Great products,just some difficulties getting export licences-now solved. Purchase takeover very soon in my opinion.BUY BUY BUY