ALQ - ALS Limited

[Julia]

Does anyone know why CPB should be down a massive $2.45 this morning?
They have done very well, but this is too much over two few trades to just be profit taking.

 

[bandicoot76]

Re: CPB - Campbell Brothers

WHATS GOING ON WITH THE CPB SHAREPRICE?

talk about crash n burn!!!... is there something we dont know about going on behind the scenes or what?

i bought in at $20/s and thought they were a bargain, tossing up wether i should get stuck in now theyve hit $11/s or hang off and see where they go... any advice anyone?

 

[Julia]

Re: CPB - Campbell Brothers

Bandicoot: herewith ASX letter to CPB and their reply which may help with your question.
https://invest.etrade.com.au/Quotes...aspx?symbol=CPB&tab=ASX Company Announcements

The SP seems in freefall at present. How long do you intend to hold this?

 

[So_Cynical]

Re: CPB - Campbell Brothers

There is a few company's falling on no news...ENE and AMC for example.

I'm figuring that no news is considered to be bad news....:dunno:

 

[bandicoot76]

Re: CPB - Campbell Brothers

they are in a strong position from what i can make out, with diversified assets in key industries ie medical, mining, lab's etc so i cant see them going bust, and i'm not about to take a near 50% loss so i'm going to hold onto them and see what happens... if they drop below $10/s i'd be very tempted to buy in again to acquire more & drop my average price... thats my position at the moment.

 

[oldblue]

Re: CPB - Campbell Brothers

I believe that the sell-off was sparked by some analyst
writing a negative review about mining services companies.
The bulk of CPB's lab business is, of course, mining related and this is their biggest profit contributor.
CPB's subsequent reassuring profit guidance has gone some way to counter this.
I bought a few today.

 

[Julia]

CPB Campbell Bros Ltd.

Anyone holding this? Announcement today of a rights issue, 1 for every six existing shares at $22.00. Current price after announcement today $31.30, or up about 6% on the news.

I will be taking it up.

 

[oldblue]

Re: CPB Campbell Bros Ltd.

Anyone holding this? Announcement today of a rights issue, 1 for every six existing shares at $22.00. Current price after announcement today $31.30, or up about 6% on the news.

I will be taking it up.

Too right!

I bought at about $12 in February and havn't stopped smiling since.

The rights will have a theoretical value of about $7 each, based on trading after the announcement.

 

[oldblue]

Re: CPB - Campbell Brothers

A surprisingly favourable result for those shareholders applying for oversubscriptions in the entitlement issue.

Despite the rights selling for more than $5 during rights trading, applicants for oversubscription have been allocated a maximum of 2129 shares or 3 times their entitlement!

Still trying to get my mind around this new concept of an "entitlement" issue with an add on of a possible oversubscription. But not complaining!

 

[skc]

Re: CPB - Campbell Brothers

A surprisingly favourable result for those shareholders applying for oversubscriptions in the entitlement issue.

Despite the rights selling for more than $5 during rights trading, applicants for oversubscription have been allocated a maximum of 2129 shares or 3 times their entitlement!

Still trying to get my mind around this new concept of an "entitlement" issue with an add on of a possible oversubscription. But not complaining!

This was an odd outcome indeed. Especially that the rights were renounceable. I guess there will always be those holders who didn't have the spare cash, and didn't know how to sell their rights.

Normally the additional entitlement play is pretty thin.. if the rights offer price is so attractive there wouldn't be too many people who don't take up their rights. Vice versa... there will be lots of additional shares to pick up if the share price is only marginally above the subscription price, but the margin of safety is much smaller.

 

[oldblue]

Re: CPB - Campbell Brothers

Over twelve months since any post on Campbell Bros.

Interim dividend up 73%, increased dividend of 65cps.

SP now over $36.

Disc: One of my better picks.

 

[Julia]

Re: CPB - Campbell Brothers

Mine too, Old Blue. It's one I do regret selling along with MND, Monadelphous.

They have both been real stayers.

 

[oldblue]

Re: CPB - Campbell Brothers

Over twelve months since any post on Campbell Bros.

Interim dividend up 73%, increased dividend of 65cps.

SP now over $36.

Disc: One of my better picks.

Correction there.

Should have read " Interim NPAT up 73%......"

SP closed at $37.50.

 

[skc]

Re: CPB - Campbell Brothers

CPB got included in the ASX200 by S&P this morning.

Someone got a bit too excited and decided that they will buy 10,000 shares at market - pushed the price all the way up to $57 . The shares are now trading at $48.30.

He definitely made some sellers very happy.

 

[pixel]

Re: CPB - Campbell Brothers

CPB got included in the ASX200 by S&P this morning.

Someone got a bit too excited and decided that they will buy 10,000 shares at market - pushed the price all the way up to $57 . The shares are now trading at $48.30.

He definitely made some sellers very happy.

apparently, the $57 trade was an error and has been reversed.
Still, good going for CPB.

 

[skc]

Re: CPB - Campbell Brothers

apparently, the $57 trade was an error and has been reversed.
Still, good going for CPB.

Fair enough. It was only <300 shares at $57 so not a big deal either way.

CPB can be pretty shallow on the market depth sometimes. I watched the open this morning but didn't stay around. Would have been a fun day trade.

 

[McCoy Pauley]

Re: CPB - Campbell Brothers

Fair correction today on CPB, down 6.5% against an overall decline of about 1.2%. Been a sharp decline in CPB's share price over the past few sessions from a peak of almost $70/share to $57-$58/share as I type. I'm wondering whether this now presents a good buying opportunity. Unfortunately, I wasn't sharp enough to jump on board in early 2012 when shares were trading for roughly $47/share.

 

[oldblue]

Re: CPB - Campbell Brothers

There's probably a perception that CPB got a bit overpriced at $68-69 and the current wobbles in the market are the catalyst to mark them down. That, plus the fact that the mining services sector is being hit across the board with nervousness about the sustainability of the mining "boom".

I still hold a few, purchased during a pull-back from around the $30's to $12 a few years ago. Could be interested in buying more if they get much weaker.

 

[herzy]

Re: CPB - Campbell Brothers

Fair correction today on CPB, down 6.5% against an overall decline of about 1.2%. Been a sharp decline in CPB's share price over the past few sessions from a peak of almost $70/share to $57-$58/share as I type. I'm wondering whether this now presents a good buying opportunity. Unfortunately, I wasn't sharp enough to jump on board in early 2012 when shares were trading for roughly $47/share.

There's probably a perception that CPB got a bit overpriced at $68-69 and the current wobbles in the market are the catalyst to mark them down. That, plus the fact that the mining services sector is being hit across the board with nervousness about the sustainability of the mining "boom".

I still hold a few, purchased during a pull-back from around the $30's to $12 a few years ago. Could be interested in buying more if they get much weaker.

Seems like today may present an opportunity. Any ideas for the huge drop people? I'm looking at buying but wondering if someone knows something i don't?

 

[skc]

Re: CPB - Campbell Brothers

Seems like today may present an opportunity. Any ideas for the huge drop people? I'm looking at buying but wondering if someone knows something i don't?

It was their AGM today and they issued FY13 H1 guidance which the market clearly didn't like.

$130-$140m NPAT which isn't really that bad imo - full year EPS = ~$4 so $70 per share was too steep, but ~$48-50 is more than fair.

Unless I missed some of the outlook statement in the chairman's presentation otherwise it may be overdone.