Got me money Hi Wulf - Got my money at the end of trading today. yours should be with you by now.
Re: When do we get our money Was wondering the same. Hope it is tomorrow, but maybe 14 working days, which with all the weekends and bank holidays will be about March
When do we get our money RNS said within 14 days of 21st Dec which is Thursday 5th. Cutting it fine aren't they?
Re: 125p sale price is too cheap I agree gretel but dbay have a large holding and they don't need too much more support.As I was expecting 150+, I'll reject the offer but not sure that provate investors have much say now. No harm in saying no as I'd be happy to hold longer, the divi has always been fantastic and there is a real possibility of higher offer/sGood luck all
Re: 125p sale price is too cheap I agree green but dbay have a large holding and they don't need too much more support.As I was expecting 150+, I'll reject the offer but not sure that provate investors have much say now. No harm in saying no as I'd be happy told longer, the divi has always been fantastic and there is a real possibility of higher offer/sGood luck all
Re: 125p sale price is too cheap '' Looks like DBay based in Isle of Man who appear to invest for private clients want to promote & shape growth rather than orchestrate any takeover.''So much for my viewpoint in earlier post - got it totally wrong!!It does look undervalued at 125p but a fait accompli unless opposed by all other shareholders. So far the SP is staying below the offer price.SG
Re: 125p sale price is too cheap This analyst comment below backs up my thoughts that 125p is an absolute steal - the usual industry multiple would be 50% higher than this, equating to a price of around 180p.Perhaps we may yet get further action here DBAY are an "investment value advisor" - I daresay if someone else came in with a decently higher offer they wouldn't be averse to taking the money and running: "1001 GMTShares in Creston jump 31% to 123p after the advertising and public relations company agreed to be bought by funds controlled by its shareholder, the investment management company DBAY Advisors for 125p a share. The price, which values the company at GBP75.8 million, equates to an enterprise value of around 5.5 times Ebitda, which is well short of the "reasonable industry multiple" of 8 times Ebitda, says N+1 Singer analyst Jonathan Barrett. Has a buy rating and 135p target price."
Takeover: Excellent News Nice to see it taken over at long last. I had stuck some money in thinking it would be WPP but DBay will do nicely.Shame it wasn't EbayImvho and please dyor.
125p sale price is too cheap Hmmm....glad to be out with a decent profit, but 125p really is a steal.DBAY have around 35% acceptances, so it'll be difficult to overturn for any competing bidders.Today's H1 results are actually pretty good.With 5.8p EPS in H1, and improved trading in H2 for Health, CRE were on the way to a decent result for the year.DBAY are picking CRE up on what is now not far off a historic P/E of only 10 or 11 - and CRE now have a £1.6m and rising cash pile too. Not paying much of a bid premium there!Plus CRE have a top-notch - and global - list of blue chip clients who've on average stayed with CRE for 10 years or more.Let's see if Artemis and the other recent institutional buyers are happy to exit at this price or put up a fight.
There was always an end game in mind as dbay were building their position...I am very happy that I got back into cresting after a few months out after taking some profits. To be honest I was hoping to see 150ish but a 30% premium will do. Well done all those that kept the faith in this company...Hope other investments prove as good as creston.ATB
Re: RNS : Artemis continue to buy Below from the AR p29. Looks like DBay based in Isle of Man who appear to invest for private clients want to promote & shape growth rather than orchestrate any takeover. Large institutional holdings are usually good sign overall unless they dump all their shares at once!''On 18 February 2016, Iain Ferguson joined the Board as a Non-Executive Director representing the Companys largest shareholder, DBAY Advisors Limited.''''Experience: Iain has considerable relevant experience gained in a number of business services, creative and digital/technology companies with UK and international operations. Iain is Non-Executive Chairman of LDC-backed EDM Group; an international information management group with some 1,200 employees operating in the UK and US. He is also Chairman of Optionis Group, a leading professional services group backed by MML providing accountancy and other business services to individual contractors and SMEs, and of Jigsaw24, a technology solutions group backed by North Edge servicing more than 25,000customers, including large businesses, creative professionals, media companies and education institutions. Iain separately acts as Chairman, shareholder or advisor to a number of UK media/techbusinesses and is a founding shareholder in Starcount a Singapore-based content, social media and data consultant.''SG
RNS : Artemis continue to buy RNS just out - Artemis have bought another 240,000 shares since their last holding RNS. They now own over 16% at 9.42m shares:[link] DBay, Fidelity and Argo have all been buying and now own 53% between them...
News : new partnership New partnership with media planning and buying agency Goodstuff to come together on new business opportunities:[link] Goodstuff have some terrific clients - Disney, ESPN, Celebrity Cruises, Hiscox, House of Fraser etc etc - bodes well for CRE:[link]
Positive AGM statement today Today's AGM statement includes the crucial statement:"Group Headline PBT is well ahead of the comparative period reflecting the benefit from the ongoing implementation of operational efficiencies commenced in the prior year and some benefit from the weakening in UK sterling"Looks like EPS may be nicely ahead of the forecast consensus 11.9p EPS (and 4.65p dividend) if this continues, as H1 PBT is "well ahead" of last year's 4.98p H1 EPS.Hopefully EU uncertainty will clear as per recent surveys and accelerate the marginal growth in revenues:[link]
Looking strong Up on Friday and again today, following a 250,000 buy at 102p and various other buys including a further 50,000 at 102p on Friday