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!

An interesting read.

Well on the news that Corus would consider selling teeside ( or close ) is was a big surprise in the Netherlands that sthe shares dropped on that news. Because corus needs to cut else they neer will be profitable. In the Netherlands before the English reacted on that news the Stock rose untill it was levveld equally cause the Stock in Engeland dropped.

After that event most Dutch investers where a bit astonished that the stock dropped. Since that time they blame in on the conservative aproach in Great Britain.

But in the end i am sure Corus will rise again and will get out of the pennystock range. Only the question remains when that will happen, 1 year, 2 years or longer??? time will tell. I am patient and even if Corus rises 1 penny a week or month i won't complain, 1 penny rise is about 1 month earnings cause i have a pretty bundles of them shares.

Corus is still dropping! I wonder how far it will go. I really want to buy more, as this companies shares should not be so cheap. All it'll take what the UK investors consider is some really good news and it'll be back up to 19 or 20p again. I hope the dutch investors are taking advantage of the price.

Steel prices in Europe are steady, with hot rolled plated steel up 5% so far (in euros so in sterling the gain is over 13%)

If Corus could confirm the refinancing arrangement which have been agree to cary through to 2006 it would really make a difference. But as the existing finance in place does not end until 2004, I supposed they see no reason to let us all know now!

Definately one to watch!

this must be my all time best tip. tipped at 4p and its zoomed. unbelievable when i saw it at sub 10p. i was a regular trader at well over a quid.with the spread as low as 0.1p it has to be a good trade if you can spot the dips in time.

Seems Corus dropped on Friday as its credit rating was cut by Standard and Poor's.This is the type of thing which is holding back the buying.Still one for the short list.

Picking up again today!

I've been trying out the free level 2 offer, and although I've worked out what a lot of it means, some of it is still ??? - I think CS. should open up in the morning but I could have misunderstood the data!

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.