The Conygar Investment Company PLC (GB:CIC)
LSE:CIC
Top Page
The Conygar Investment
(LSE:CIC)
Select Model
Select Model
Rating:46Neutral
Price Target:
24.00 p
▼(-28.36% Downside)
Action:ReiteratedDate:01/24/26
Overall score is held back primarily by ongoing large losses and increased leverage despite improved 2025 revenue and a return to positive free cash flow. Technical indicators also point to bearish momentum, and valuation support is limited by a negative P/E and no dividend yield data.
Positive Factors
Top-line recovery & margin improvement
A sharp top-line recovery alongside a return to positive gross margins signals improving operating fundamentals and stronger demand or execution on development projects. Sustained revenue and margin improvement would help cover fixed costs, reduce reliance on one-off disposals and support a path toward durable profitability over the next several quarters.
Negative Factors
Persistent losses
Large, persistent net losses through 2023–2025 indicate the asset base has not yet generated sustainable returns, eroding ROE and retained earnings. Continued losses will hamper internal capital formation, force reliance on external funding or disposals, and slow progress toward durable profitability absent structural margin improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Top-line recovery & margin improvement
A sharp top-line recovery alongside a return to positive gross margins signals improving operating fundamentals and stronger demand or execution on development projects. Sustained revenue and margin improvement would help cover fixed costs, reduce reliance on one-off disposals and support a path toward durable profitability over the next several quarters.
Read all positive factors
The Conygar Investment (CIC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£14.61M
Dividend YieldN/A
Average Volume (3M)18.72K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth196.14%
EPS Growth12.75%
CountryUK
Employees119
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)-0.37
Shares Outstanding59,638,588
10 Day Avg. Volume28,374
30 Day Avg. Volume18,717
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.41
Price to Sales (P/S)0.78
P/FCF Ratio1.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
The Conygar Investment Business Overview & Revenue Model
Company Description
The Conygar Investment Company PLC (Conygar) is an AIM quoted property investment and development group dealing primarily in UK property. The group aims to invest in property assets where we can add significant value using our property management,...
How the Company Makes Money
CIC makes money primarily through (1) rental income and related property income generated from investment properties it owns and lets to tenants, and (2) profits from property development activities, which are realized when developed assets are so...
The Conygar Investment Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
47
Neutral
Cash Flow
55
Neutral
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.89M | 5.94M | 14.05M | 7.06M | 2.64M |
| Gross Profit | 8.60M | -423.00K | -5.08M | 2.34M | 1.73M |
| EBITDA | -13.44M | -34.25M | -31.15M | 29.00K | 28.30M |
| Net Income | -19.55M | -33.67M | -29.53M | -53.00K | 26.52M |
Balance Sheet | |||||
| Total Assets | 101.05M | 126.79M | 119.36M | 132.31M | 127.78M |
| Cash, Cash Equivalents and Short-Term Investments | 3.19M | 4.67M | 2.68M | 17.36M | 13.66M |
| Total Debt | 48.01M | 55.85M | 17.20M | 0.00 | 34.00K |
| Total Liabilities | 59.48M | 65.67M | 24.29M | 7.70M | 13.63M |
| Stockholders Equity | 41.85M | 61.40M | 95.07M | 124.60M | 114.14M |
Cash Flow | |||||
| Free Cash Flow | 11.64M | -10.32M | 4.50M | 3.00M | -1.76M |
| Operating Cash Flow | 12.68M | -10.01M | 4.98M | 3.96M | -1.76M |
| Investing Cash Flow | -1.37M | -26.19M | -36.02M | -10.78M | -15.50M |
| Financing Cash Flow | -12.78M | 38.19M | 16.36M | 10.52M | -1.22M |
The Conygar Investment Technical Analysis
Negative
33.50
Price Trends
29.98
Negative
32.41
Negative
31.49
Negative
Market Momentum
-1.51
Positive
5.73
Positive
8.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CIC, the sentiment is Negative. The current price of 33.5 is above the 20-day moving average (MA) of 27.57, above the 50-day MA of 29.98, and above the 200-day MA of 31.49, indicating a bearish trend. The MACD of -1.51 indicates Positive momentum. The RSI at 5.73 is Positive, neither overbought nor oversold. The STOCH value of 8.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CIC.
The Conygar Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £23.60M | 9.02 | 4.94% | 3.16% | -0.91% | 7.43% | |
70 Outperform | £19.96M | 5.00 | 5.05% | ― | -7.14% | ― | |
69 Neutral | £27.29M | 19.57 | 4.44% | 0.91% | -2.80% | 30.05% | |
66 Neutral | £37.42M | 54.66 | 4.33% | 7.14% | -41.22% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
46 Neutral | £14.61M | -0.87 | -34.93% | ― | 196.14% | 12.75% |
* Real Estate Sector Average
GB:CIC
The Conygar Investment
24.50
-7.00
-22.22%
GB:CDFF
The Cardiff Property
2,750.00
176.70
6.87%
GB:FPO
First Property
13.50
1.00
8.00%
GB:PCA
Palace Capital
185.00
-2.69
-1.43%
GB:WSP
Wynnstay Properties
875.00
183.59
26.55%
GB:ALSP
Ace Liberty & Stone Plc
37.50
-8.00
-17.58%
The Conygar Investment Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Conygar Restructures Barclays Loan to Support Nottingham Student Scheme
Positive
Apr 1, 2026
The Conygar Investment Company PLC, a U.K. property investment and development specialist, concentrates on assets including student accommodation and leisure-oriented mixed-use projects. Key holdings such as Winfield Court and the 1 TIQ food, beve...
Business Operations and StrategyShareholder Meetings
Conygar Gains Full Shareholder Backing at Annual General Meeting
Positive
Mar 3, 2026
The Conygar Investment Company PLC reported that all resolutions put to shareholders at its Annual General Meeting on 3 March 2026 were duly passed. The outcome confirms shareholder support for the company’s current strategy, board compositi...
Other
Conygar Director Restructures 240,000-Share Holding with No Change in Beneficial Interest
Neutral
Feb 3, 2026
The Conygar Investment Company PLC has reported an internal transfer of 240,000 ordinary shares at 32.5 pence each from the Sandhu Family Discretionary Settlement to Santon Capital Limited, both entities closely associated with director Bim Sandhu...
Other
Conygar CEO Consolidates Holding via Internal Share Transfer
Neutral
Jan 29, 2026
The Conygar Investment Company PLC reported an internal transfer of 100,000 ordinary shares by Deborah Ware, a person closely associated with chief executive Robert Ware, into Robert Ware’s Individual Savings Account and Self-Invested Person...
Other
Conygar CEO Robert Ware Transfers 100,000 Shares Between Personal Accounts
Neutral
Jan 29, 2026
The Conygar Investment Company PLC has disclosed an internal share transfer involving Chief Executive Robert Ware and his person closely associated, Deborah Ware. On 28 January 2026, 100,000 ordinary shares were moved from Deborah Ware to Robert W...
Business Operations and StrategyStock Buyback
Conygar Increases and Completes £3m ZDP Share Acquisition Programme
Positive
Jan 28, 2026
The Conygar Investment Company PLC has completed its previously announced programme to acquire zero dividend preference (ZDP) shares in Conygar ZDP PLC, increasing the maximum aggregate consideration from £2.5 million to £3 million in re...
Business Operations and StrategyStock Buyback
Conygar Launches £2.5m Buyback of Zero Dividend Preference Shares
Positive
Jan 22, 2026
The Conygar Investment Company PLC has launched a share acquisition programme for zero dividend preference shares issued by Conygar ZDP PLC, appointing Panmure Liberum as broker and Liberum Wealth as agent to buy back up to £2.5 million of th...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Conygar’s NAV Hit by Island Quarter Write-Downs but Rhosgoch Sale and Debt Cut Bolster Outlook
Neutral
Jan 20, 2026
Conygar reported a sharp fall in net asset value for the year to 30 September 2025, with NAV declining by £19.5 million to £41.6 million, driven mainly by a £17.5 million write-down in the value of its Island Quarter properties in N...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.