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why no mention of the 'boring' stocks-which make lots of money? (CNT)     

hilldee - 11 Oct 2004 14:40

Now, this one was just awarded the Aim company of the year. Its a bit likeMears but it has a large GAS SERVICE section and the profits from this outfit would appear to be less healthy than from its Public Service arm. Does anyone have any knowledge of this company which is not cheap BUT could be on its way to making a lot more mazuma.

cynic - 09 Aug 2010 09:07 - 118 of 209

rubbish ..... diversification away from core business has been the undoing of many a company

meanwhile, sp is all over the shop .... hmm! what to do?

hlyeo98 - 09 Aug 2010 12:40 - 119 of 209

nonsence, sp is not all over the shop, it's just a kamikaze dive!

cynic - 09 Aug 2010 12:43 - 120 of 209

you have clearly only just woken up then ..... sp opened at about 9.25 and moved in spasms and jerks and twitches to about 12.75 but has drifted since ..... in % terms that's pretty hefty volatility

cynic - 09 Aug 2010 16:04 - 121 of 209

huge volume today (10x normal) with two way traffic for obvious reasons ..... offer book has been pretty consistently and significantly longer for most of the day - currently 11.01/11.14

hlyeo98 - 09 Aug 2010 17:27 - 122 of 209

You are obviously glued to the screen all day long...get a life.

cynic - 09 Aug 2010 17:30 - 123 of 209

my life, not yours ..... amazingly, i can multi-task

gibby - 10 Aug 2010 08:40 - 124 of 209

http://www.dailymail.co.uk/money/article-1301677/Connaught-talks-creditors-led-RBS-future.html

cynic - 10 Aug 2010 08:43 - 125 of 209

thanks gibby .... transcript below

Connaughts lenders were last night preparing to take control of the beleaguered council house maintenance firm, as it emerged they have drafted in KPMG to advise them on how best to recoup their loans.
The company was locked in talks with creditors, led by Royal Bank of Scotland, in the hope of securing a so-called debt-for-equity deal - an agreement that would see its bankers dropping some or all of its debts in return for ownership of the business.
But although the banks are seriously considering such a deal, analysts said they would also be considering whether they would be able to get more money, more quickly, by selling off part of Connaught or allowing it to go into administration.


cynic - 10 Aug 2010 08:45 - 126 of 209

meanwhile .... though sp LOOKS a little steadier, be aware that offer outnumbers bid 2:1, so do not be surprised to see a further collapse in due course (wishful thinking?)

gibby - 10 Aug 2010 10:54 - 127 of 209

cynic - ditto mate

cynic - 10 Aug 2010 10:54 - 128 of 209

do you have L2? ... if so have a look ..... surely a classic indian rope trick (whoops! is that racist??)

gibby - 10 Aug 2010 11:05 - 129 of 209

i do - will take a look - cheers

cynic - 10 Aug 2010 16:33 - 130 of 209

nasty MMs etc putting on a bear squeeze today!
still, i'm happy to ride that out for a while as i cannot see CNT coming back from the brink and have an average cp of 20 + slab of profit already banked, so still happy

gibby - 10 Aug 2010 18:22 - 131 of 209

mms - exactly! & pleased to hear you have already banked a profit - i made a good profit when still over 1 - then left cnt for a while - thankfully missed the latest crash - nearly bought early this morning today at around 10p but i bottled it!! never mind - not sure what way this will go still feel debt for equity swap out - also cnt customers (local authorities & housing associations) have been approaching other companies such as morgan sindall to take over cnt contracts - interesting times ahead to say the least - hope you make some more here - gl

kosyboy - 11 Aug 2010 09:10 - 132 of 209

Where is this going?? up or bust??

cynic - 11 Aug 2010 09:19 - 133 of 209

imo - bust or next best thing

cynic - 11 Aug 2010 11:55 - 134 of 209

well that fucked up nearly all my juicy profit, but hey ho

tabasco - 11 Aug 2010 11:58 - 135 of 209

Classic traders beating each other up .great for gamblerstoss of a coin!!!

gibby - 11 Aug 2010 12:06 - 136 of 209

good luck to the brave ones in - i am out now - still see this going bust imo or at least ownership passed to lenders - one glimmer of hope is that apparently cnt are in talks with lenders maybe pushing the sp up for the gamblers - not unlike ray marine situ imo

BAYLIS - 11 Aug 2010 13:59 - 137 of 209

Chart.aspx?Provider=EODIntra&Code=CNT&Si
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