Member Info for jedclampit

Over the last few years we always seem to have a rally in December, have we already had or is that still to come once Boris gets back in?

Cannot for the life of me see why anyone would be buying at this price, the consolidation price is 4.86p / £2.40 after. unless you buy in the millions and sell for a few 0.20 pence will you even cover you commission and deal costs. If you hold is this going to be worth £2.40 ? in your dreams.

I think this is now at the lowest it will go, according to IR they are still on course to hit their expected target and all is going to plan. Back up to 60p+ very soon.

Gent, Yes I have changed my views, and sold out on Friday.
I agree with them selling some assets and paying down debt but not the consolidation, without the consolidation I could see these going to 8p+, but who the hell is going to pay £2.40 for CWD when you can buy a 100 ftse company for that and get good returns with profits and divi's. I can now see these going for about 75p in 6 months.

Let's just look at a comparison here with say Foxtons.
They are 1p share and have 275m shares with M/Cap of £194m share price about 70p
CWD will have 1p share with 327m shares with M/Cap £88m ish and a share price of £2.40. Come on !!

Everyone can understand what the BOD's are trying to do here, the trouble is it doesn't add up.
OK they will pay down some £34m debt and still be left with what maybe £50m + debt, then we have a share price of 4.80 - 5.25 and consolidate by 50 to make a share price of £2.40, ok in theory there should be NO difference in shareholder value but we all know that never happens.
Their plan is still to have 1p shares even after the consolidation when they scrap the other 49p, so just tell us how many other companies on the market with a 1p share trade at what about £2.40 with this level of debt / profit. You can go and buy top 100 listed companies with great profit very little debt and a divi for less than £2.40 a share. I can see this share trding at best at say £1.50 after a few weeks / months.
If this plan does not work I can see them issuing more shares for cash within the next 12 months. Maybe a more realistic sp would be 75p, then it might be worth buying in.

Well peel Hunt doesn't think much of the plan as they now have them down as a sell at 5p,
I guess they will be down to 4.80 or less the consolidation price very quickly.

Hope your right but only going by my email reply this week.

I have emailed the company to ask this and they have come back and said the next up-date will be March finals, to which I replied why not give us a trading up-date now for the last qtr. So don't get your hopes up.

If I am correct after reading the rns again a few times the consolidation price of 50 /1 has already been set at 4.80 i.e. £2.40p so if investors keep buying these now and pushing the sp to 5.50p – 6p they will still only get equivalent of 4.80p when consolidation takes place.
The Board is also proposing a consolidation of ordinary shares on the basis of 1 ordinary share of £0.50 for every 50 existing ordinary shares of £0.01 each, which will subsequently be subdivided and re-designated into one new ordinary share of £0.01 and 49 deferred shares of £0.01, thereby reducing the number of shares in issue
So these shares will still end up as 1p shares and NOT 10p shares. Which means that later they could again issue more 1p shares to raise more money.
Too many questions going on here. if someone is interested in investing in these they might as well wait until after the con date.

Yes I guess some new investors will buy in for the possible recovery but when this goes consolidation time to £2.70 ish, it will not be able to hold at that price against it's competiters in the market and you can bet your life it will fall back to who knows what .

So we all know what happens with share consolidations, this one is x 50 so any share price of say 5p-6p will work out at between £2.50 and £3.00, but in reality based on their history that will be back to about £1.70 in the market if we are lucky, so a loss to everyone no matter how the BOD's hype this. Most consolidations never offer back to shareholders their true value.

Good morning sain, do know what I agree with you a complete joke.

So we have waited all this time just to be told we now have to wait another 1-2-3 years to see what happens with NO G/Tee on anything. So why were the results delayed, I thought we would have had at least some confirmation or progress.
Complete joke.

I'll let you into a little secret,
about 6 years ago I had hundreds of 1,000's of these at 6p old money then ave of £2.40 after consolidation. needless to say I sold out when in the 30's and guess what, wasn't I a stupid B*** for buying them in the first place.
Now we are back to about 6p, I bet NO ONE has made a profit, just like vog and never will.

I think a number of people are in a dream world. more like 0.07p

Now a new low, 7p how low will it go before any rights issue at say 5p or less.

I thought for a moment there you stocked up on shares, now that would show faith and do your bit.

Here is just a part of the report
Annual house price growth in every city covered by the index has now been running below 5% for three months in a row – in August, September and October.

The last time there was a three-month run of annual price growth below 5% in all 20 cities covered by the index was in 2012. It happened during September, October and November in that year.

The latest report showed annual house price growth in October ranged from 4.7% in Leicester to minus 5.9% in Aberdeen.

The October report marks the four-year anniversary of consecutive year-on-year house price falls in Aberdeen, prompted by a collapse in the oil price in 2015, Zoopla said.

Meanwhile, across London, house prices increased by 1% annually in October.

This is the highest rate of growth for London for two years, following a period of year-on-year price falls, Zoopla said.

I guess we could do with a trading up-date for the last qtr to see how we are doing but maybe they don't give one until results in April.