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Come on you Shorters, get this share price down to 50P,we can all have a grate time, have you got the Bottle?
Los of Luvely cheap shares Bring it on, all Those Shorter's, keep up the good work.
With some sites you often can't buy stock using online only due to limited supply of stock. You need to ring up the broker and get someone on the floor to place the deal. I had that issue with another share and this always works. You can clearly see others are able to buy. Most likely as they will have a broker. Still not convinced this 50k a month is what is causing the rise here. The volumes here are nearly 200k daily. My view always was a large investor was selling shares here and someone else is now taking up the slack. The buyer will probably start buying up any sold shares here. They must think this is worth much more than 90-99p. The fundamental basics are all here. Cash rich, making a profit. Plus a strong management team. So many possibilities here. A merger that involves cash to pay off debt here could work well. All guess work really. Not sure what management see as the grand plan here. I doubt they will tell us anyway.
Gotrader, Indianna is correct in his assumptions IMHO - The free shares in issue are minimal, nearly all are owned by Directors and Funds, the spread can be quite nasty and the stock quite liquid at times 50K / month will trigger other investor buys and the upside momentum compounds on price increases very quickly due to the illiquidity of free floating shares that almost no one is selling by the way [Follow the smart money]. We did have an overhang that has now gone - Expect some pretty big rises this year especially if the business grows - It's very oversold right now and is a value investors dream.
Gotrader, Indianna is correct in his assumptions IMHO - The free shares in issue are minimal, nearly all are owned by Directors and Funds, the spread can be quite nasty and the stock quite liquid at times 50K / month will trigger other investor buys and the upside momentum compounds on price increases very quickly due to the illiquidity of free floating shares that almost no one is selling by the way [Follow the smart money]. We did have an overhang that has now gone - Expect some pretty big rises this year especially if the business grows - It's very oversold right now and is a value investors dream.
Bowleven is pleased to announce the appointment of Cenkos Securities plc ("Cenkos") as the Company's Nominated Adviser (NOMAD) and Joint Broker with immediate effect.� Barclays will remain Joint Broker to the Company alongside Cenkos. At these silly low P/E multiples I think Cenkos will have a really good run this year.
Indiana - £50k buys has nothing to do with the SP rise. The volumes are far too high for that. Maybe they have purchased some shares but they are talking up to £50,000 a month. That is about 60-70k of shares. The reason the SP is rising is investors/funds are buying. It's still a highly rated stock. It's a safe stock too due to cash and lack of debt. The opportunities for Cenkos to takeover or merge here seem pretty good. The market view seems to be this has been over sold. I also wonder if the firm is doing better than it seems too. Sure Cenkos had that panic after Brexit vote but the economy has started growing again. Also the stockmarket is on a bull run due to the cheap pound. So why not a foreign investor building a stake here? My only doubt on this share was the big seller forcing the price down. HH selling up would of been a big burden on this share. However if the recent sells was not them then maybe the over hang is cleared here. In which case 70p was a bargain buy. (Assuming Cenkos will recover revenue quickly once Brexit worries go away). I have a few friends who have been buying in here. Albeit I doubt their investment size would even shift the SP. Whoever is buying here has millions to spend. Suprising no director buys here given Sp? Maybe talks in background locking them out?
Now on a lofty PE of 3.3 and the rise continues, we could well have stealth buyer coming in here Go Trader. This has had a huge rise on the cards for a while now. I will think it will shoot thru 100p pretty quickly. 👁
This has certainly picked up. May well be the seller is cleared? Have been a high volume of small buys of 10-30k. Almost 17-20p rise here since new year. Yep the share was always making good money. I wonder if someone knows something and is building up their stake. Likely to be same buyer for the majority of these trades??
Hardly any trades in December, suddenly 71p to 82p. Could we be on the way back to 195p I wonder. Someone knows something here. I bet we get a positive RNS this month. Being on a current PE of 3 and knowing we will be profitable all be it down on last year. Anything under 100p has to a great buying opportunity 👨🍳
Hi Indianna, I made a huge a paper profit on QPP initially only to not bail early enough and get smashed on the rocks. You wouldn't believe the loss if told you -- Redde though are quite different, they are providing cars after crashes, they have a coachworks repair service and a bit of legal but a very different animal. The tell tale sign with QPP was they never had any cash, only paid a token tiny divi once to put the press off saying they cash strapped. Acquisitions galore so you never pin down L4L profit numbers. Anyway just a thought, I think we could see 200p / share once there next set of figures come out [Already confirming they will exceed expectations again]
Yeah, good move. If the spread was tighter be a good day trader play to dip in and of short term. Good day for me today saw Serica was undervalued a few months back and still is so good start to the year. Currently watching Redde, great fundamentals but abut MMs run it down and then it rises. Solid with nice division and also a good one to dip in and out. Check it out give me your thoughts Buddy ✌️
£45m valuation, £25m in net assets.. theres still cheap co's out there if you look. priced to fail, but they havent made a loss since inception. Mr Market merely waiting to see how low the noobs sell too.
Been a massive pile back into Cenkos past few trading sessions - ON a PE of c. 3, even though won't be it's best year it is massively oversold and very vulnerable to a takeover. Suspect the new Singapore entity are getting closer to some deals also. [At this rate we could be back to 200p in another 12 months] DYOR
Well they had a couple of small placings in December for 9m and 20m. Remember in 2015 they had that large placing for 1029m. This year they have only had 3 placings over 100m. Last year 6-7 over 100m. So on this basis I would expect the Jan to June figure to be down 75% due to the large 1029m trade. This makes a big difference on your stats. Your numbers on the full year are wrong. They are not down 40%. 40% is the percentage of 1022/2590=40%. The drop is actually closer to 60%. Remove the large 1029m trade and the drop is closer to 33%. Of course IPO are just one part of thi business. The question is how have they recovered since the Brexit vote. Cenkos are still making money. They do have money in the bank too. As others have pointed out some of this drop is due to dividends. Other is due to a persistant seller. When the market recovers CENKOS SP should recover too. 70p seems to be the market price at present for this firm. Is that a fair price or has this been over sold or under sold?
'Seems to me that all the bad news is priced in as most of it occurred in H1 as the transaction drop* was so severe. Transaction Values 2016 H1& 2 vs. 2015 H1 & 2 July -Dec = c.£600m vs. £890m = (- £290m) Down = 33% Jan - Jun = c.£422m vs. £1,700m = ( - £1278m) Down = 75% Full Year = c.£1022m vs. £2590m = (- £1568m) Down = 40% Also whilst most of the Outlook verbage remains the same there are key differences... Outlook (Interims on 21/09) We have made a good start to the second half of the year. There is institutional demand to fund high quality companies and ideas. Since July we have been engaged in relation to a number of significant fundraisings and our pipeline for the rest of the year is encouraging. Previous Outlook (Finals 2015 on 23/03 ) Despite challenging market conditions since the start of 2016, there continues to be good institutional demand to fund high quality companies and ideas. Since January we have been engaged in a number of significant fund raisings for clients and our current pipeline is satisfactory given the current market environment. I have taken a small position at 71.25p last week . GLA & Best regards, Blue * & consequent likely revenue drops
I_J talking of holes, how deep is this investment burning now? Did try to warn you but you name-called and wouldn't listen. At least you're going to dig yourself out of this one by buying all the way down and reaping another 1p dividend..
I hate to be the one to break it to you Jones, but nobody cares what you think.. Put me on filter and then take me off filter... and you say I'm the one with emotional problems LOL well at least you're funny, although you don't realise. Shame you had to break the radio silence, you were doing so well. Just couldn't leave me alone. But seeing as how you addressed a post to me - "Piece of advice Sherminator" I thought well it's only polite to send one back. Great to see you're now covering up your investment decisions, might hold substantial losses or might have taken the substantial losses and be out. Either way you look like a plonker
I thought you had blocked me? Strange, you continue to post messages addressed to me on SLP... So let's leave you a piece of 'advice'. What are CNKS currently at? Yes, annual lows. Have you been buying all the way down? According to your posting history, yes you have. Did I not say weeks ago I traded SLP as high as 9.5p? Yes I did Is the current PGM price weakness creating another buying opportunity? Yes it is Considering you sold SLP below the current price for dubious reasons then bought CNKS and continued to buy as the price fell I'm well within my right to question the logic. Your reasons for selling didn't add up so I did some research here and lo and behold you did not have a clue. You thought current price weakness here was unfounded and suggested a 5-6p dividend, I forget which. But you were wrong. Unfortunately your tone of response was lacking also so I have continued to monitor this stock to see if you were right about the BoD. Haha gosh look at this now. 120s down to 70s.... It must pain you to actually concede you are wrong sometimes. Yes you missed out on 25% gains in SLP the weeks after and instead are nursing losses here. Despite the PGM basket price being under pressure SLP are holding up nicely. I'll be well positioned once again to reap the rewards of another 25% gain or more when I decide to throw in all my chips. You on the other hand have a long way back to breakeven here.
This is the last month of 2016. If you are talking about financial performance which will be reported in February then I agree, it will be better than earlier in the year. But the market may drop this further given it's unlikely to be better than the previous second half results. At any rate I'd expect to see volatile swings as we approach the update. Could go either way...
Actually I think CNKS will see some upturn in last few months of 2016. My view would be initial Brexit months would of been slow but given long delay to article 50 and likely 2 year plus for anything to happen clients will return to the market. Question is how quickly CNKS can recover. Feb is a while off here. For now best to watch and see where this pans out as it is still on a downward trend.
".. as a matter of course one should, in my opinion, filter people who rarely post on these threads ... and when they do, they always post negative sh*t .... a lot of scumbags wandering around trying to spook investors especially when they post miss-information." This guy being one of them. Gotrader you're obviously a bit more clued on, waiting for the price to bottom. That would be the smart move instead of buying in on the way down like one numpty posting here.. Until CNKS announce something solid, it's likely to remain under pressure. Everything else posted here is nonsense. Nobody knows what shape the company are in other than at the half year and the market will continue to assign a value based on those facts and the prospects of growth, it didn't look rosy last time around. Now that CNKS is trading at £40m will there be a sufficient bounce to warrant a trade? Perhaps, but people don't pile in months ahead of news in anticipation, well most people don't. Better to be sat in rising stocks like AMC and then revisit in a month or two, update here in February. That's when this will bottom, so 65p call looking good
The thing is we know the share is making a profit. We know they have secured 20 or so IPO in 2016. (350M CSH in November.) The problem is the severely reduced revenue and if it will recover? I think it's possible the market makers are simply marking it down due to this? They may also be factoring in the dividend too. One site now has dividend at 11.19%. Probably due to the falling SP. Not saying this share isn't a good investment just you should wait till the share price settles before buying. Long term the SP probably will recover.
You missed 40k of trades. Most likely sells. Large sell order is my guess.
Somebodies playing games? Sold 6000 shares, Bought 76,000, so Why is the price down? Take Over?