The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Today's RNS finally gives us some good news on trading.
Only an employee / contractor (who would probably be in breach of faith and of contract) or one of the main owners would know. There is zilch about that company's concrete activities apart from the owl...
Anyone have any information about CPP board plans and activities or we have to wait end of March of 2017 to find out???
Blimey some news! Seems like it has been forever....
As a cynic of the company, Owl looks good and useful - it must be a soft launch. Whether it is worth £3-50 a month on an ongoing basis is another thing. It is a non insured product, so dont see this as a sign to regaining regulatory permissions. Small steps...
Considering the apparent lack of advertising for it, I suspect they may not have many customers for it yet - probably it's a soft launch which they can use to tweak the product, akin to a beta test...
No problem. At £3.50 per month I think it should be good for the SP - would also be interesting to see the customer numbers in the next financial update
Thanks willow5 - we now know of at least one way in which this company makes money!
Is launched here with an interesting video: www.owldetect.com
+1
There has been nothing of substance from this co for a while and no director buying. As I have said before, tangible evidence of new products and a relaxation of the regulatory restrictions are a must for the SP to go anywhere - without it, the business ever shrinks. It might be the goose that lays a golden egg, but it needs real tangible evidence of so doing IMHO
They took notice of it as an opportunity to sell it seems...
That's the problem, they do nothing but spend your cash!
Anyone has actual targets in mind? I have none whatsoever because I struggle to identify what the company does precisely, and where, nowadays.
Mine's bigger & better than yours ;-)
Madsktpan..Yes me too.. :)
Keep the faith Sandra. I have contact/friend at CPP that suggests this'll eventually come good.
I am assuming that is a buy? what's all that about!
It was originally supposed to be April/May, but no news. No other news or director buying, so I'm guessing the new leadership team are happy for the share price to drift and then, going by the chairman's past record, they will give themselves a massive share option package at our expense.
Company still making a fortune - can afford to do this ---------------------"The change in product and service focus drives a change in the Group's IT requirements and as a consequence, CPP has informed its current IT development partner, SSP Limited (SSP), that the group intends to develop its own IT platform. CPP says this change in IT approach will give rise to a one-time write-off of capitalised expenditure of approximately £6.5 million, together with a cash payment that is currently being finalised with SSP. This payment will be met from the group's existing financial resources. The operating and financial benefits of this change are important to the development of the business and will accrue from 2017 and beyond." ---------- and they still continue to make millions :D GLAH
Er, look at it today - 12.7% !
I guess that the SP can hardly get any lower so they are making all be hard decisions now...
There was an RNS about the £6.5m write-off to exit the systems contract. Then I guess there is another hefty bill for replacing it.