I'm very pleased with there results. June - Dec will be very good for them and don't be surprised if share price hit 150 around march next year. In the meantime collect div... very solid share.
I thought retrace was on the card for LLOY/RBS since Thursday. They went high up lots just based on speculation since last July. Now there is talk of write issues for LLOY and i think they probably retrace quite lots in the next few weeks.
However, i do think CLST will do much better in the coming months.. results are out tomorrow and I do hope it will start moving upward trend! Don't forget they pay dividend too in oct/nov... It will be announced tomorrow how much it will be for the next period. GL
I have sold all of my LLOY holding @97.5 yesterday :( never mind i've still made 50% on LLOY.
I've missed on another 7-8% on LLOY (I thought it will retrace to 88p but never did so i move to CLST)
I thought i had to move on to something which is more stable and have not risen much in the last month.
Collin Stewart is one of my favourite and i'm hoping for at least 50% gain from current price and also div in october/nov.
Congratulation! I'm sure you will do very well with this purchase.
Main thing is this will not go out of business... it may be bit boring for while when it moved it will go up very quickly.
I've also bought into this yesterday after selling my LLOY.
Keep posting here.. GL
welcome to the board. They are investment bank and results for 6 month will be published next Tuesday.
They have no début and actually have 75 - 90 million cash in bank. Which is very good these days.
I believe yield at current price is 3.7% with not so good results from last year.
However, since capital market have improve considerably since beginning of this year and i have feeling they are now back in the business!
At 76p, I think Collins Stewart does not look expensive. Last year's £12m operating profit equates to after-tax profits of about £8m, which would put the £190m market cap on an earnings multiple of 10 if you back out the cash pile. I believe this share is a potential multi-bagger opportunity. I would expect to be around 100 - 120 between now and October.
Best of Luck.
Not able to understand why share price is this low?
People don't understand fundamental at all?
As of 19.11.2008
1.Company has no debt.
2.Cash Rich (£69M cash they have).
3.They still making money overall.
If you consider (£69M) cash they have and number of shares in issue 247.41m
Then: £69M/247.41M = 28p
Current share price: 36.75p
People are only valuing the company at (36.75 – 28) = 8.75p
Totally unjustified i think at current share price. I think they will head north very quickly when people start to relies how cheap the company is valued at the moment.
Think by next year they will be around: £1.50 per share or more.
I'm buying more at this level.