RE: Any ideas about this shorting Brit gov debt?6 Aug 2023 14:47
I am a long term holder here, but cannot see the reason to add further unless it goes under 100. There are simply better, and safer, opportunities elsewhere. MNG is one, in this field.
To merge with FCAP. Merger values CNKS at c37p per share. CNKS results in March poor, but outlook relatively optimistic in poor environment. (In line). FCAP interims in Dec also weaker, but in line. Ex-div for 0.5p on 26 May Further 3p div for CNKS holders post merger. Combined entity to hold c£18m cash. Can currently buy sub-37p. Worth a dabble?
Poor, and continuing poor: "2023 earnings are expected to be impacted by higher than assumed claims inflation on Motor business written during 2022 and in early 2023, alongside continued macroeconomic uncertainty."