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

There has been talk about the Chinese authorities wanting to cool China's growth, and I suspect that has knocked the price today.

Volume went crazy when price touched 36 pence...this must be the floor. We'll hopefully see strong upward progress now. Several large private buys (500,000 +) in 36-36.5p range today. Is our Russian friend filling his boots?

Shares have taken an absolute pasting today on the back of weak UK manufacturing data for 1st quarter...price seems out of proportion given positive company news on volume and price hikes. Demand in China still set to outstrip gloabal supply and potential iron ore shortages now seem less of an issue given a new fixed price supply deal with Brazil.

Shares lost over 5% in today's trading on very low volumes. Trade seems to be taking a very myopic short term view on these. Now look very cheap so I'm holding for the rebound. Any other views?

interest rate rises usually hit corus,esp.UK division, bad even by such a small amount.By the end of next week they should have recovered.

joehargan1,

A major Chicago fund (14.2%)??? Do you meen Brandes Investment Partners?
If not, who?

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
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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.