A Multi-bagger if ever there was one!!! once this hits the papers, see it double.. treble...see announcement

Again, loads of buyers but the price goes nowhere, get a sell or two though and the mms mark it down. Some call it tree shaking, but it's normally followed by a large increase in the sp so am holding

I've been reading with great interest all the posts (plus that Sunday Telegraph article) on the Company.
It is strange that no other newspaper or magazine has taken much interest so far. I would have thought that, on the face of it, the shares are extraordinarily undervalued.
However, one thing that may be against CCO is that, even at the current 50p to sell quote, there will be plenty of investors sitting on fat profits from only a few months back.
In the absence of any concrete news about getting hands on that money in Brazil I suspect the shares are likely to drift.
Certainly the normal 6 to 7 pence spread on the shares means it is very difficult for the traders to make a quick buck.
At the moment only the market makers are laughing all the way to the bank !!
Current holders I reckon ought to continue to hold.
However there is no need for new investors to hurry into it.
All IMO of course.
K******

ADVFN is down, which is really annoying. Where do all the posters from ADVFN post now?.

krypton, you could be forgiven to think that, but the shares were only very thinly traded up to around 65-70p which is when the real interest started. It may well be that holders up to then who had seen the sp do nothing but decline over the year got out but if you had been holding through those bad times and then the company announces that they have cash worth five or six times the value of the shares, would you have sold? No, I think as there is a classic downside which adds to the risk (i.e. it being tied up in Brazil) gives the traders opportunity to raise and lower the price by large percentages on relatively slim trading but there is nothing stopping this co's share price being marked up again with a little buying, in fact a rising price will often attract more buyers and so it continues going up without the need for further news. It will only take a small amount of buying as it is not very liquid, and if it got written about in another publication or some news was released on their progress, it would be written up very quickly indeed. If it was announced the cash was being released, then nobody will get a chance to get in at these levels and within a blink it will be 2.50 so you take the gamble, are you in before or after that crucial announcement or press article. Looking at the trades today so far, there are 15 times the amount of buys to sells, the price will have to rise if that continues.

Robstuff

Points well made.
I agree that an upwardly mobile share price will automatically attract a momentum of it's own but, as you also point out, the huge majority of purchases today (a factor of 15 to 1) do not appear to have made any dent on the 6p spread on the shares.
I am keeping a constant watch on it though !!

K******

Yep, that's been the case for the past few days with buys outnumbering sells, it may be next week, it maybe several mths but value will be restored :) best not to watch it too closely,i'll log out for a few weeks ;)

Rob
nearly made a VERY large error.....been watching and watching, buy after monotonous buy. spread a reasonable 55/56. online quote 55.7,then 55.9, then 56. just about to take the plunge when 5p is slashed off the bid. anyone got any ideas why?

bought PRTY instead for 58.5 :o))

superrod

Go read III or advfn this is gonna rocket ..

You have made a mistake superrod, why you think the spread is important i don't know. The best time to buy is when it's a large spread as it means the sellers are being shafted by mms and a rise is on the cards, when it happens the bid comes up so you could have got in at 55, now 62. Worrying about a spread is pointless, it's what the share is worth that's important and true value always comes through in the end, watch this go back through 1 and beyond very soon.

There will be many wanting to reduce their average price paid like me - topped up twice in fact which is what i did with YOO recently which paid off handsomely. This may be a medium term play, and so i'm confident that come a few mths, my holding will be worth a lot more, i'm not worried about short term volatility here.

Notice with this stock, the trades reported late as sells are in fact buys (just in case you hadn't noticed) which seems to be a mm practice to put people off the scent and attract sellers. What a game isn't it?

Agreed "robstuff" they do seem to a better execution of plan than do the England Football team.

Folks, what the hell does this announcement mean????? Have we been completely duped??

Booboo Hi,

It means they have some very BIG aquisitions to do due dilligence on, thats why they have done the placing for so much money.

Once they have done the due dilligence, they will spend the cash in Brazil, and have money earning assets in Europe, and the price will move closer to a 20% discount to the NAV of 2.40.

Stick with it.

Cheers,
PM

I got on board yesterday. I don't wanna miss this one.

As usual the institutions are able to get in at 48p while small investors are left wondering what is going on !!!
On the plus side the fact that more institutions have come on board will result is higher profile for the Company.
For those on the sidelines I suspect now is as good a time as any to get involved in the Company.
The removal of the uncertainty was worth missing out a few pence on the buy price and I'm finally in at 63p.

K******

Krypton Hi,

Agreed, and the way the market has taken this is very positive, if the assets CCO are looking at are good enough for those taking the placing stock, to give CCO several million pounds to do the due dilligence, they are good enough for me !

We could see 1 again very soon methinks :)

Cheers,
PM

An example of another investment company, clearly showing that the current CCO discount to NAV of 77% is a joke .... it cannot possibly stay like this for ever ....

"At the end of 2004, the shares were quoted at a discount of 5 per cent to the net asset value. By the end of June, this had become a premium of 1. 6 per cent."

http://www.companyannouncements.net/cgi-bin/articles/20050818151616P962D.html

Hi All,

Hopefully some good press tomorrow, to get this one moving ....

Cheers,
PM