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

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

Didn't I just know there was something going on with the price being worked down even though there were more buys than sells, it's all clear now, in order to Place shares at a rock bottom price guaranteeing the success of the issue. Now watch this rise and those institutions make their easy money!!!!

robstuff......i made a mistake?

bought PRTY and sold it a day later for 274 clear profit ( and if TDW online trading wasnt cocked up all day i would still be holding them, because there is far greater control trading online).

as for the spread not being important?..........suppose id just bought 20k cco for 56p, knowing that i could sell for 55.3p? an immediate loss of 140 plus expenses.
then the bid drops 5p......there goes another 1000.

like i said, ive been trading 20 years and intend to trade for another 20. ive had enough " paper losses" to know they invariably turn into the real thing.

i traded cco a short while ago ( buying around 74p) escaped with a tenner overall profit. boy would i be gutted if i was still holding that deal.

i remain sceptical wrt this windfall, but will be keeping a buy position at the ready. i dont mind missing the first 50p of a 150p+ potential rise.

thanks btw for the c&p from elsewhere with a few explanations ( maybe ).

good luck all and BE CAREFUL.

Cannot find the EPIC for Langbar International and CCO now showing no details.
Can anyone help ?

LGB Oak

robstuff (or IanT) - are you able to change to the new EPIC in the opening post?

sd

Thanks ptholden - may your porfolio rise and your putts drop !

GCR