Current situation This company goes from crisis to crisis and they still tinker with the board which in any decent listed company would have been sacked many years ago. The share price will problably go even lower today and that can’t even get someone interested in buying the company. Pension deficit massive borrowings which are closer then you think to breaching due to the falling performance. This is a basket case if ever there was one. Jmo
Current situation Not good once again!!!
Current situation Consort shareholders are pleased they didn’t get involved. …shares up nearly £1.00 since they dropped the possibility of a bid for carclo 8
Current situation Consort not interested. They have opened the box had a look round and decided there was nothing of interest. Down we go…
Results were ahead of expectations I don’t think that trading update was anything but average for the likes of Carclo. Article in FT small caps section this weekend.
RNS: Aberforth Partners buy, above 12% That posted on its own. To finish… I will be glad when we get an RNS which talks about new business not implementing changes to a process that has just been changed. Jmo
RNS: Aberforth Partners buy, above 12% That’s not a trading update. It’s more like a warning that things aren’t going very well. Mind you that’s no surprise, is it? Once again were not talking about new business or new products it’s ty
Re: New results presentation Undoubtedly there are positives, but there's a mountain of trust to climb. Then there's also the many negatives in the results to overcome.
New results presentation The results presentation is very comprehensive and worth a look. Particularly for those with a view which looks forward rather than backwards:[link] We expect the actions that we have taken through our COMP initiative to positively impact the current year and subsequent yearsX The remodelling of the CTP footprint is now largely complete and this will allow the Division to focus on high quality business development and operational improvementsX Wipac is moving closer to a realisation of its strategy of providing lighting solutions for the mid volume premium automotive segment; this will have a major impact on the Group¡¦s financial performance through 2019 and beyond as all three programs enter productionX Despite a poor financial performance in the year versus our expectations, we are well placed to deliver consistent improvements in our profitability and cash generation over the coming years"
RNS: Aberforth Partners buy, above 12% Good to see Aberforth Partners continuing to buy - they now hold over 12%, with 8.93m shares.They've bought another 450,000 shares since their last disclosure:[link]
Peel Hunt reiterate buy Brokers' analysts are not always right as we know, and as a former one myself there is a big element of just repeating what management have told you, but they seem bullish and on a /e of about 9 coming down to 8 for the current year I can't see why holders would want to sell at 87p, I'm not going to for sure. So limited downside unless something untoward happens. I reckon some buying interest could develop and push the price up from here.Perhaps having disappointed, management are now trying to underpromise and overdeliver which would make sense.But as ever WDIK.
N+1 Singer increase their forecasts N+1 Singer have increased this year's forecast to 11.4p EPS (from 11.2p EPS) due to a slightly lower tax rate.And they've introduced a 12.4p EPS forecast for next year.
Results were ahead of expectations 9.8p EPS is actually well ahead of EVERY revised broker forecast, and £9.07m underlying operating profit was also slightly ahead of forecasts.Almost all of the delayed contracts have been won and are already being or will be implemented this year.The outlook suggests a brighter future:"Our strategy to expand our footprint and increase revenues in CTP to reduce operational gearing and attract a high quality and growth orientated customer base and to transform Wipac into a larger solution provider for lighting systems for the low to mid volume premium automotive sector is well developed. Much of the heavy lifting in terms of investment and customer engagement is now complete. Accordingly I believe we are well placed to see consistent improvements in our profitability and cash generation over the next few years."The pension deficit is likely to improve further given bond yields, and the completion of the substantial capital investment programmes suggests that net debt will start to reduce at a quickening rate.The new management have made a good start and are well respected with admirable backgrounds.Assuming CAR merely meet forecasts going forward - without any further hiccups - there should be considerable upside here imo.
Edison review Quck off the mark, and too trusting that management's intentions will be met, butpretty comprehensive all the same. Enjoy![link]
Re: RECONFIGURATION I agree the jury remains out on Carclo. However, the final results are consistent with the trading update in January, so I don't see them affecting any major SP changes on their own.Picking up on the one 'delayed' contract that isn't now expected to close due to customer price expectation goes IMO to the heart of their business model. I note they are very selective on which contracts they tender for, and will need to continue to be so. They are clearly not the cheapest supplier, but focussed on added value - so execution risks are high, and I agree the jury remains out until such time as they either meet consistent annual growth in eps or they don't - too many setbacks in recent years.