I know there have been several threads on one but I think it is worth taking another look. I must admit I would not purchase for the long term until things settled down, but the short term profit has been pretty good! I've been buying this share regularly over the last few months. Usually selling within 2 weeks with a 10 - 20% profit. The price always drops again and I start all over again.

The company itself is quite solid. It's biggest problem is cash-flow (caused by overproduction, and not enough sales so are carrying a lot of stock). They have managed to refinance the short-term lending, and have been reducing this, which if they can keep reducing it, it could stop being a problem.

Of course the uncertainty's over the plans of the Russian Investor Usmanov (which is still just speculation as he has not actually done anything about increasing his stake yet) and other press which also has been just speculation and not FACT has not helped the price continue to rise so instead it has YoYo'd and I and I suspect a few others have been making use of the opportunity!

Purchased yesterday morning @ 14.25p - now able to sell at 16p - 12% profit in just over 24hrs!

I wonder how far it will go before going back down??????

little woman: how did manage to purchase @ 14.25 yesterday morning? best i saw was CS.@ 15p

Sorry, I got it @ 14.44p (just checked my notes!!!!) it was soon after 9am

Corus Group PLC
03 July 2003

3 July 2003

The Central Works Council of Corus Nederland gives positive advice on banking
facility

On the 4th June, Corus announced that as part of the process of securing a new
three year banking facility to fund its medium term working capital
requirements, Corus Nederland BV's management board would consult with its
Central Works Council. These consultations would consider that the terms of the
new banking facility will include the provision of security over, inter alia,
the shares of Corus Nederland BV, and the intermediate holding companies above
it.

Corus is today pleased to announce that the Central Works Council has given
positive advice which will facilitate the ongoing process of securing the
replacement banking facility.

END

I sold half my holding @ 17.29 yesterday - kept half incase it went up more, and if it drops again then I'll buy again.

I really love this share!

Up again today, but I think it's nearing the end of the run. Do I chicken out now, and sell the balance of my holding and hope it drops again (as it has done several times) or stick it out to see if it can go further........

its been a great day trade for months and ive been plugging since 4p. informed sources say break up value is at least 35p. never mind the order book.

I don't need sources to calculate it.

all the info you need to calculate the intrinsic valeu of the stock is located at www.courusgroup.com under investors.

Lisette

Share just hit 19p - so I sold the last of my holding. Will buy back if it drops, as the company is worth a lot more than the share price - so I'm not worried about this one. (The only worry is the price won't drop again!)

Corus dropping fast! Currently bid 18p! I'm going to have to pay for Level 2 soon! I've got it on a weeks trial at the moment and the current sell depth is 43/total orders 8,800,000+ and the buy depth is 19/total orders 2,500,000+ !

I think this one may have a way to drop still!

Buy now 24/orders 5,400,000+ 10 min later - things do more fast! (Sell little change)!

Closed at 17.25p - lots of late buying, but no where near enough to bring the price back up yet. Tommorrow will be interesting! By close the price was 10% below the price I sold out this morning.

Late auction was interesting, huge buys at way above mkt vals as at 16:30, manipulation, i should say so.

I also found it interesting that on Friday Morgan Stanley Securities disclosed that they had disposed of its shares so that they no longer held a notifiable interest.

Then on Monday they disclosed that they held approx 3.02% of the companies shares! (Just under 95,000,000 shares - which I presume they purchased late Friday through to up to just before the price fell back!)

4th July
LONDON (AFX) - Shares in Corus Group PLC were extending their recent rally after ABN Amro upgraded its recommendation to 'buy' on hopes of positive newsflow from the steel group in the next three months, dealers said. The broker, which formerly rated Corus shares a 'hold', set an initial target price of 23 pence. "Corus is still a speculative investment at this stage but we see a big gap between the current share price and where it could be if the group achieves its goals," ABN told clients.

It argued that the troubled group is stabilising, with new financing
agreements with banks -- including ABN itself -- having already been pencilled
in. "We await confirmation of the final syndicated facility and expect this to
be positive for Corus's equity," the broker said. It also reckoned Corus has seen an improvement in its loss-making UK operations during the first half 2003, helped by steel prices, sterling and cost-savings.

This should be enough for the group to show a profit for the UK when it
reports interims in September, ABN said.

The broker was also encouraged that Corus chairman Brian Moffat has a strong
track record of corporate reorganisation, given the group is faced with further
restructuring in the UK costing an estimated 250-350 mln stg. At 10.11 am, shares in Corus were up 0-1/2 pence to 18. They have rallied
from 14-1/2 pence over the past five sessions.

LONDON (AFX) - Struggling steelmaker Corus Group PLC said it expects to report a 100 mln stg improvement in its first half operating result before exceptionals compared with the 141 mln loss seen in the second half of last year but it said market conditions are still tough.

The comments accompanied news of a new 1.2 bln eur bank facility that replaces one that was due to expire in January next year.

newsdesk@afxnews.com

cw

Looks a bit better now - yes?