Member Info for CJ66

...I'm afraid this share is what's called a value trap.

It can't generate enough income to prpel it to profits above it's debt costs. Any development to create value 1st causes more debt and cost.

The result is they are trying to sell properties to reduce debt - which yes, you've guessed, decreases it's profit.

It's in a sad state, and because our commercial environment is so bad now in this country, they have failed to find any way out. Somebody one day may buy it out, but it doesn't offer much of interest. Basically it's as likely to take off as a plane is at the airport....!

Totally agree, rubbish offer and we don't want them with any form of control - very unsavoury and hopefully majority will keep their hands in their pockets.

Another example though of the various govt's ineptitude to prevent our industry and wealth being hollowed out by chancers all over the world...

If correct, and I have no reason to doubt your logic, it looks like another reason our aim market needs a material boost from our seemingly ignorant governments as the countrys wealth gets hollowed out.

Hopefully CAML will catch it's fish this time and buck the trend.

(As an eg I currently have property company AIRE with a net asset value of 84p & high consistent dividend - with an outside bid offer being made at 70p - a joke that may become true!)

Yes, not panicking yet - they have a 35 year track record of the same or increased dividends and have managed many geopolitical matters over that time.

You could panic - sell - buy Space x shares instead, but I know what I will do!

....falling gold price responsible I think you will find - it is that which has driven much of the stellar growth over the last couple of years.

Not sure which way gold is forecast to go from here - need the crystal ball specialists to enlighten on that please!

Many years back they did some very astute deals and also had a good structure with some direct property ownership + ongoing fees with leveraged funds providing steady income.

Suddenly went to sleep and haven't done anything much for years - a sleeping beauty if somebody could only give them a kiss, even a frog would probably do with the discount to book asset value they have.

I'm afraid your right. i have a vintage car, I get some money to keep it up and spend petrol on it, but it's not really going up in value, it's just the nostalgia.

This may have a dead cat bounce with such a low price, but I just can't see where the growth and margin profitability is coming from.

It always used to have a decent cash buffer.

Like my car, for some reason I will keep my current shares but will seek a doubling of a share price or dividend somewhere else.

With so many new shares it will have to pedal that much harder just to earn the same eps, and pay that much more for the same dividend level.

British shares are hollowed out.....shame!

Agree, but the real question is - will british based industries ever get back their favourable conditions to thrive.

From Churchill china struggling to keep profits up whilst enacting all sorts of cost savings and innovation to Michelmersh brick closing its 139 year old Charnwood plant just to keep still on costs and margins.

Agree on the surface it's a £1 plate for 50p, but is the plate made of china or plastic?!

Real shame foe UK industry.

I agree with gibdog, it's better that they book future projects because they have the time limited cash producers now, and often projects need funds to progress. The price may seem a little high, but thats because CAML's share price is so low - you can't win always around, but the management have been pretty careful and sound to my mind over the years, For instance they have paid out to shareholders twice the amount that they floated at, and not many minnow miners manage that.

Just hope no gatecrashers this time - please!

Some time back they sold a consulting arm of the business with promises of £8-10m cash sums if it hit certain targets following the sale. None were hit and these sums were then written off in the accounts pretty shortly afterwards, and I seem to remember after they had received bonuses for the good work.

They have also consistently won jobs and then failed to deliver the profit, indicating a mis-pricing or lack of experience of how to fully account for all the costs. This resulted in various exceptionals that appear in results, combined with a general lack of clarifying why they were happening, so sapping investor confidence that they had a firm grip on what seemed a very promising potential business.

In short I believe many who have followed the company for a while would put a share price on it of around 15p if they were sitting on the profits generated and the cash receipts indicated.....yet alone some contrition for the various 'disappointments' that seemed to re occur. ..

I'm certainly pleased with the redirection and have kept my holding, but admit I wouldn't have invested in the 1st place if I had known more about the management - you always live and learn!

As said before I think they will need at least a couple of years of strong positive results.

Remember that this cleared out bunch of directors have cost the company a huge amount of money and goodwill, and lost a lot of shareholders money too, that takes time to repair and restore confidence that the business model of costs & margins is in fact sound.

The potential is there, and positive action at last being taken, but still plenty of risk as a buy currently.

Still find it interesting that a historically hugely profitable company with a pe of under 10. with cash of around 25% of it's market value is so spooked.

US companies losing big money trading on massive prices, (don't even mention space x) with a president that is increasing the geopolitical risk massively....

As I bought AEP at under 50p some 30 years ago, I will carry on holding, taking dividends and wondering, despite missing out on the big US companies I don't really understand. I just find it interesting!?!

Good start up 7% today to $1510.

At these prices it looks like they make over 100% all in cost to cash profit - I think UK farmers would settle for that.

Increasing population with govt spending above tax collection also sounds familiar - I think the whole world is seeing increasing geopolitical risk...

The company has been going, and adapting since the 1870's, so I'm not going to panic yet!

Yes, huge over reaction as people who no little over react. Once the price settles it will be back in very good value territory. It probably had risen a little to fast from being so undervalued but was up about 160% in 12 months.

The Indonesian govt does every so often come up with different ideas often to assuage their own population when they are feelung oppressed (doesn't ours do the same). Once said they usually back track or water down on the realities of shooting yourself in the foot!

Been an investor here, and mpe for over 30 years, first buying into both at under 50p. Not a single year of a profit loss that I can remember and mpe has kept the same or increased the divi every year

Essential food comodity & a biofuel - whats not to like!

No way for me an american private equity bunch offering low ball to nav.

Not interested at even nav - aire have new future finance secured and a high dividend payout. I would prefer to keep this rather more hollowing out by short buck opportunity...

Yes, good riddance I'm afraid, he has been part of the very poor performance and lack of skill in what is a very apt and promising business. At last positive action to really turn things around....

...new 15k hectare purchase, with some of its cash...

Looks good to me - a new director with multiple experience replacing one with a 6 year record of shaky results. Shares should be up 2.5% not down!

No, just a buy rating...however note shandy's point re low margin work.

I like the idea behind this company, but they have been serial disappointers....are they being busy fools or will they come up with the goods.

I for one am not convinced yet. I think they need at least a couple of decent years results with no excuses & no exceptionals....ST is good but not always correct.