Again talking of asset sales and senior management changes.With this news hitting the media the price will explode.

Yes, exactly roell33...didn't mean to be mysterious but couldn't remember the investment house. Starting to hurt is a bit of an understatement oneill...to think I nearly sold off the lot at 46p. Will be wide open to a takeover if it hangs around at this level - look at the NAV alone.

Looking at the level 2 order book and the trading in the last week. It still looks as though the sellers are still very strong. The buyers still do not have control.

Buyers back in this am 4.2m / .5m

Patients!!
On the mainland, Hoogovens makes more profit then the losses of BS on the Island. This is whispered on several dutch chat rooms. Comes from Hoogovens sources. Just wait for fundamental news from Corus.

It still looks as though the sellers are in quite strong this am. It will be interesting to see when they decide to step aside.

Ok who bagged 3.7m + 1.3m????

Also another 2 large buy trades. whats the crack? anyone....

Looking at the order book at the of the sessions. It seems that the sellers still have the upper hand in this stock.

More pain today? Again looking at the order book for Corus, it seems as though the sellers are still here in big numbers. They seem to be taking a position very early.
When will this share turn

Corus much more tham most - this stock has now lost 40% in the space of 4 weeks...just when Corus returned to operating profit and issued a trading announcment ahead of market expectations. I am beyond pain.

Anyone heard of any rumours of corus splitting up ie,UK going back to British Steel?I've heard a few recently.

I heard something in the Nl press on this but sounds like media speculation...can't imagine it happening given the commercial performance...now selling off their alumimium interests would be much more interesting and feasible one would think

Don't usually write on message boards, but enjoy reading them. Thought this may be of interest to those who haven't seen it.

Tuesday May 25, 03:37 PM

Corus Group Plc
CS.L

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Breaking Financial News


Kumba signs 5-yr supply contract with CORUS

JOHANNESBURG, May 25 (Reuters) - South Africa's biggest iron ore producer Kumba Resources has signed a contract with Anglo-Dutch steel group Corus for a five-year supply of Sishen iron ore, the group said on Tuesday.

Kumba, which also has interests in base metals, heavy minerals and coal, is majority owned by mining giant Anglo American Plc .

It said the contract was the first to include an option to purchase new iron ore products from Kumba's Sishen mine expansion project.

The expansion will take Sishen's current output of 27 million tonnes a year to 28 million tonnes by the end of 2004, with a further increase to 38 million tonnes by 2007, Kumba said.

The final feasibility study for the project would be completed in August 2004 and was expected to be approved for implementation the following month.

Is there any one who still belives in Corus?
Tell me why.

Hit disproportionately by oil price shock, interest rates and general negative sentiment these last few weeks - due for a pretty big bounce so long as the volumes get back up to around 50mm levels. Undervalued, needs to break through 34 pence then should get back to 37-38 pence.

6% up today and now standing at 34p again. Still looks cheap. Needs to maintain steady momentum next week in early trading and if so expect a recovery. The problem with this stock is the short term heavy trades that can
mask its real value. I still believe this is a solid recovery stock for 2004.

Now standing at 39 pence. Whew, glad I kept the faith!

If the aluminium deal goes through we should see much more upward movement. Looking at the TA, if it can sustain at this level then breakthrough the next resistance should not take place until 44 - 45 pence. I really believe that this share will be in a different league by year end. It's like the perfect sunny day after the perfect storm - all the macros moving in the right direction and more good news anticipated. This is still a company with problems but highly sensitive to good news in high volume trading. Still looks a decent buy.

I'm fed up rattling on to myself about Corus. The recovery is well underway. At 40.5 in closing today. No resistance until 45 pence if it sustains. This is without news on the alu business but a bid of $1Bn could be very close leaving them free of this millstone and with financing to manage the restructuring to a close. CS is in the best shape it's been in in years but nobody's listening...I'll get my coat..

Corus US ended way higher today. Opening tomorrow 41.25 - 41.75 ??

Joe, sorry, I'm listening, am in as well (from 34.25). For me I see this as a long term investment which could make a seriously nice amount of money, agree that CS. is in the best shape it's ever been in a long while.