I bought shares in this company at 4.5p in September 2003. I see they are rising. Can anyone tell me please the growth potential for this company as they have just been awarded several new contracts ?

From MONEY-AM LEADERS AND LAGGARDS:

CMS WebView put on 17% to 14.625p. On 1 December it said Nidera UK has subscribed to ProphetX, the market price display system for energy and commodity traders sold under exclusive licence in the UK by market data systems specialist CMS WebView PLC.
ProphetX is a real-time market display and analysis product for commodity traders that has been developed by US company DTN Market Access. On 28 November said CMS said it plans to raise ?2.5m via a placing.

Sue.

ajren...this board has always been normal !!!??

Sue.

Sue.

just wait and see ....price will go up and i think it be 25p in the next 10days or before

closed at 14.50 at 5.52 that 2.00 up yes see what happens tomorrow

amrishbhim,

Don't want to dampen your enthusiasm (along with Sue et al) but the directors of CWV have put a self imposed, and a little naive, dampner on the share price this side of Christmas. They have stated that the rights issue will be at a discount to 15.25p. So far so good except that the rights issue needs shareholder approval at an EGM. Guess what, the EGM isn't until 22nd December - oops!

Since an official statement on rights issue price has been released they would have to first retract it to set a higher price, otherwise they would lose credibility etc. With 2.5M being raised the MMs will not be keen to aquire at prices about 15.25 close to the rights issue date.

Any other views from the board?

Happy to watch

I suggest that you read the rns as you have selected reading. It says it is EXPECTED to be at a discount, so it is already open ended

I think the rights issue will hold price from running too far north in the short term.

IMHO, I expect the issue to be fully subscribed and I expect the company to avail of the full 2.5million.

That will effectively dilute our shares now by about 25-30%, ex rights date. I expect the new shares to be offered at around 10-11.5pence.

Anyone care to speculate who will be buying the new shares? Surely 2.5mio is pretty small beer?

Share will find its level, after issue. Greater liquidity & greater market maker interest will do no harm at all.

martincoops,

the word EXPECTED is irrelevant.

The issue WILL be at a discount to the 15.25pence level, no doubt about that.

Given the price volatility over the past 4 weeks, no-one is going to subscribe to a rights issue and risk paying a premium!

Whilst some on this board see this stock as a one way ticket, to others it is still a relatively high risk punt.

Put it another way; if you as a holder of the stock were given an opportunity to buy more stock at 10pence you would fill yer boots! You might not fill them as quickly at 15pence, particularly if an accompanying trading statement does not outline significant revenue progress.

It will definitely be discounted.

If it is irrelevent then why was it included in the RNS? And by the way i brought in at 7,10,10.5 16 18 and again at 14.

No revenue growth I think not, why do you think they are raising the money, to put in the bank? The next 12 months will see this share go to great heights on substantial contract wins. 15p is a great price to get in because as soon as the funding is over the share price will move upwards and come positive results will be at least double todays value. I am not saying that there will not be any dips and expect some before the 22nd buit when do you buy? This share price can move 20% in 5 minutes.

That volatility will produce a discounted offering.

I dont disagree that revenue can grow, but the question is how fast? ?2.5mio spent on sales & marketing in the USA in Q1 04 may not show through to bottom line until fiscal 05/06. Patience may be needed for 30 pence.

I hope ur right about those 'substantial' contract wins.

Personally I think everything in the pre-placing RNS is carefully worded by a very astute board of directors...who have played a very smart game so far to ensure that they will face minimum dilution !!

CMS WEBVIEW ORD (CWV) - Dec 8, 2003. Close: 14.50 (+1.50)

Buy Candidate (Medium term) - Dec 8, 2003
Has risen 867% since the bottom on 13 Jun 2002 at 1.50. Shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. High risk with an average difference between the lowest and the highest price of the month of 40%.

http://www.investtech.com/main/market.php?CompanyID=44101190
(have to register)

Sue.

YES! Finally! Just ticked up, spread now 14 - 15p

Now 14.75 to 15.00

Now 15 to 16.

14 to 15.

Thanks for your email at the weekend littejon and yes, I did find it stressful not being in front of the screen and knowing that the price was dropping last week. But back now and able to monitor it - hopefully, we'll end up well in the blue today...

100,000 MM BUY at 14.5 pence.

Sue.

50,000 Market Maker Buy at 15 pence.

Sue.