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dave249, from their 2016 Annual report - the UK market is just under £6billion, around the same size as the rest of Europe added together. The next biggest EU market is Germany at just under £1.5billion.
Jimmy you dont need to drumming same beats again n again. Did anyone asked you for tje reasons, why cant you keep yourself for next couple of years.
Article in todays' Ireland's business Post talking about Pageant Holdings ups stake in Providence. Here are the main parts: Furlong is a serial investor with stakes in a number of Irish listed companies. Pageant's interest in the company is thought to be friendly and it has taken advantage of the recent weakness in Providence's share price. The company, run by Tony O'Reilly jr, has now pinned its hopes on a field called Barryroe, 50 miles from the Cork coast, which it said contains substantial quantities of oil. Analysts said that finding a partner for help develop the Barryroe Field, known as a farm-out process, which will cost hundreds of millions of euro, is now vital. "Providence is now focussed on Barryroe, it's key asset in the North Celtic Sea Basin. This is sensible and a good way to restore (and realise) value. The project has a credibility barrier, which, allied to Providence's lack of financial strength at a time of low oil prices, meant earlier farm-out deals, were difficult to complete. This time it intends to drill a well on its own risk. Such a strategy should elicit interest from major oil companies." said Job Langbroek, Davy Stockbrokers' energy analyst.
Piston..somebody is confident..that's £40k.
Bottom line. The share buy back programme in that it takes out stock well below intrinsic value offers a great value creation opportunity for long term holders. I have used the drop to add to my position
Sorry. There seem to be some technical gremlins...
Bowman. I couldn't agree more that the drop is overdone and has opened up a significant delta between price and intrinsic value. In today's "rich" market there are few companies that offer such a compelling mix of valuation metrics. Based on 2016 historic financials CCT is trading at c. 4x EBITDA,
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Does anyone have an informed opinion as to how high this is likely to go to? What are the chances of a takeover?