# Conygar Investment Company PLC Q&A with CFO Ross McCaskill (LON:CIC)

- Link: https://www.directorstalkinterviews.com/conygar-investment-company-plc-qa-cfo-ross-mccaskill-loncic/412749344
- Published: 2018-04-16T11:36:15+01:00
- Author: Amilia Stone

**Conygar Investment Company PLC** ([LON:CIC](https://www.directorstalkinterviews.com/company/conygar-investment-company-plc/cic.l))
Chief Financial Officer Ross McCaskill caught up with DirectorsTalk for an exclusive
interview to discuss Miton Group’s increased stake and the progress of their Nottingham
project

 

**Q1: Ross, we’ve seen this morning that Miton have increased their stake, presumably
you’re happy that they’ve done so, what are your thoughts there?**

**A1**: We’re obviously very happy. Miton Group PLC (LON:MGR) are a very successful
fund management group, they’re looking for strong long-term performance and they’re
a value investor.

They’ve been a long-term support of Conygar and we’re very happy that they’ve increased
their stake over 15% now hold nearly 9.8 million shares in us. I think they see 
the long-term value in us because we’re trading at about 25%-26% discount to the
last reported NAV per share of 203p so hopefully they’ll continue to support us 
for the long-term.

 

**Q2: How is the Nottingham project progressing?**

**A2**: It’s progressing quite well, we’re working hard on trying to get the planning
application submitted, we’re hoping to get that in in June.

Just to recap, this is a very exciting opportunity to regenerate the city centre,
we bought 37 acres in Nottingham city centre by the train station for £13.5 million.
We’re hoping to submit an application for over 2 million square feet of mixed use
space which can include a university faculty, offices, creative trade; which is 
going to be something like Camden Market or Borough Market, and in additional we’ll
create private residential flats; PRS schemes, and student housing.

So, it’s a very exciting project overall.

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