anyone know what has caused the increase today

Ratpat,
I have looked at these a few times in the past and can never find a reason to buy any. They have showed sudden rises before with no real news (just showing a small profit, but on very small turnover)only to drop back again. I would certainly take a lot of convincing before buying any - why do you say they are a potential 10 bagger? Seem like a very uninteresting company to me.

Any "Star Gazers" out there willing to enlighten us as to why drop of 15.3% and yet 27 mil buys out of 29 mil.

The clouds thicken - its now 23 % down with 40 mil buys against 2 mil sells

O142

75mil T trade sell(.25p) at 16.32 is the reason!!!!!

Reconstruction (to allow share issue at above par value), conditional fundraising by way of placement, sale of shares by CEO (to the same placee) ...proceeds loaned to Co interest free (to be repaid by further issue of shares)

Shares initially dropped by some 25% to approx the placing price of (0.25p)
Plus yesterday change of adviser announced too....City Financial Associates (CFP)was appointed




RNS Number:1334Y
Constellation Corporation PLC
29 April 2004

29 April 2004


Announcement


Constellation Corporation plc (the "Company")
Capital Reconstruction, Further Issue of Shares and Directors' Dealing



Capital Reconstruction


The current market value of the Company's ordinary shares is below the nominal
value of those shares and as a result the Company is unable to issue new
ordinary shares to raise further funding.


Therefore it is proposed to effect a capital reconstruction by splitting each
existing ordinary share of 0.5p into one deferred share of 0.4p and one ordinary
share of 0.1p. The deferred shares will have such rights as will render them
effectively worthless. The ordinary shares of 0.1p each will be admitted to
trading on AIM. The effect on a holder of (say) 100 ordinary shares of 0.5p each
will be that following the reconstruction he will own 100 deferred shares and
100 ordinary shares of 0.1p each. No new share certificates will be issued.


The above proposal will be subject to shareholders approval at an extraordinary
general meeting ("EGM") notice of which will be sent to shareholders shortly.
Also at the EGM shareholders will be asked to grant such authorities to the
directors to allot further ordinary shares for cash in order to allow the
Company to effect the subscription detailed below and to effect further issues
for cash as the directors shall consider in the best interests of the Company.


Further Issue of Shares


The Company announces that Square Mile Limited has agreed, conditional upon the
passing of the appropriate resolutions at the proposed EGM, to, on a reasonable
endeavours basis, subscribe for up to 220,000,000 new ordinary shares of 0.1p
each at 0.25p each to raise up to #550,000 before expenses. The proceeds of the
issue will be used to provide working capital and for funding due diligence in
relation to potential acquisitions.


Directors Dealing


The Company announces that Mr Andrew Garner, a director of the Company, has
today sold 100 million ordinary shares of 0.5p each to Square Mile Limited at
0.25p per ordinary share realising #250,000 before expenses. Mr Garner's
remaining shareholding amounts to 201,086,939 ordinary shares representing some
22.17 per cent of the issued ordinary share capital of the Company.


Mr Garner has sold these shares to Square Mile Limited and is making an interest
free loan to the Company of #250,000 less expenses. The disposal of part of Mr
Garner's shareholding and the loan is being made to assist the Company with its
short term working capital requirements pending the holding of the EGM and the
subscription by Square Mile Limited.


Mr Garner has agreed not to demand repayment of the loan and to accept repayment
of the loan due to him from the Company solely by the issue of up to 100,000,000
new ordinary shares following and subject to the passing of the appropriate
resolutions at the forthcoming EGM and provided his holding does not exceed 29.9
per cent of the enlarged issued ordinary share capital of the Company following
the proposed subscription by Square Mile Limited.


The directors (excluding Mr Garner) consider, having consulted with the
Company's nominated advisor, that the terms of the loan from Mr Garner to the
Company are fair and reasonable insofar as its shareholders are concerned.








This information is provided by RNS
The company news service from the London Stock Exchange
END


RNS Number:1155Y
Constellation Corporation PLC
28 April 2004

28 April 2004


Announcement


Constellation Corporation Plc (the "Company")
Appointment of Nominated Adviser and broker

The Company has appointed City Financial Associates Limited as its nominated
adviser and broker with immediate effect.

This information is provided by RNS
The company news service from the London Stock Exchange
END

Any suggestions as to where this will go.

In the black but still falling

So whats that 150,000,000-(K)-BUY all about then?

That was more than 10% of the company.

A K trade is a Block trade.

block trade

A term used by the London Stock Exchange to denote that a transaction was reported using the block trade facility, which is:
at least 75 times the Normal Market Size (NMS) for a security with an NMS of 2,000 shares

or

above 50 times the NMS for a security with an NMS of 1,000 shares. i.e. a very large transaction

http://www.finance-glossary.com/terms/block-trade.htm?ginPtrCode=00000&PopupMode=false