Market's view on Christie
Published on April 2024
- Speculation exists about a potential takeover bid, with an estimated price of 300p, which might undervalue the company given its sales of approximately £69m.
- A financial article by John Lee discusses a year of takeovers, suggesting this could be a topic of interest for the company.
- Unexpected share price rises were noted, without clear causes, leading to speculation about the reasons behind these increases.
- The company is perceived as undervalued, yet upcoming results may not be positive; however, an improvement has been noted with the company claiming to have turned a corner.
- Concerns are voiced about the liquidity of the company’s stock and the lack of significant investor interest, which often results in a high spread impacting share price volatility.
- There are ongoing issues with the loss-making SISS division, which has been unprofitable since 2015 due to technological disruptions by competitors.
- Discussions around governance have arisen, particularly the need for more independent directors on the board to avoid conflicts of interest and enhance corporate governance.
- The unexpected resignations of the Chairman and CEO raised questions about internal company dynamics and possible impacts on governance and direction.
- The immediate market response to the resignation of the CEO appeared positive, suggesting approval of the change from shareholders.
- The company has had moments of positive performance, especially following favourable updates which have bolstered some stockholders’ views on its potential as a good investment.