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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Camkids | LSE:CAMK | London | Ordinary Share | JE00B8L30R08 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.25 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 4.25 | GBX |
Camkids (CAMK) Share Charts1 Year Camkids Chart |
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1 Month Camkids Chart |
Intraday Camkids Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/3/2017 | 18:28 | CamKids Group PLC - Chinese clothes designer/manufacturer | 1,545 |
| 11/9/2015 | 19:52 | Camkids - exploiting the '4-2-1' family model | 127 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 15/2/2017 13:37 by briangeeee The particular problem you have with a non-listed share held in a SIPP is that the Trustee (I believe) has to be in a position to demonstrate to the HMRC that it has been traded at a 'fair price'. That's mainly an issue if it's traded with a related party, such as another of your own accounts. However it should be possible to sell to any independent third party, whether they are short or not. The relevance of the 'short' bit is just that they're the most likely to be willing to transact, in order to tidy-up an open position. |
Posted at 15/2/2017 06:50 by spectoacc Thanks, tried both those options - to my knowledge, the only way to sell a delisted share is indeed to find someone short, who is needing to close.SIPP trustee, & Selftrade, rejected the idea. Charity gifting was the only possible choice, but SIPP trustee doesn't allow it (counts for them as "taking benefits early"). Ridiculous situation - CAMK is costing me twice over! |
Posted at 14/2/2017 09:51 by spectoacc Not from SIPP I can't - they won't let me. They're happier taking their £220+VAT every year until CAMK finally go! |
Posted at 26/10/2016 10:04 by spectoacc Got peanuts of Camkids in SIPP, now trying to move SIPP trustee, but new one won't accept CAMK (presumably due to suspension/delisting from CREST). Anyone encountered this problem, ie how the hell do I get rid of Camkids in order to be able to move SIPP trustee?Neither side has much clue - Selftrade say "gift them to charity, but instruction has to come from trustee". Trustee says "Can't gift shares from SIPP". Trustee says "find a buyer for them", Selftrade say "Even if there was a buyer, how can you be sure the price isn't deemed either a withdrawal or a payment in". If I had certificates I could at least burn them. |
Posted at 29/9/2015 12:20 by the stigologist Should anyone take your words to have any credibility though ?CamKids Group PLC - Chinese clothes designer/manufacture davidosh - 18 Feb 2014 - 14:20:28 - 432 of 1515 Just for the record.... All Chinese companies have the same year end. CAMK were also in a closed period. Their nomad did not object to or advise against coming to the event indeed they were there and monitored everything and helped provide research material including the excellent presentation packs. The CAMK non execs said at the very start what they could and could NOT answer questions on. I meet hundreds of directors and I have to say these were two very impressive non execs...they answered everything in a very honest, diligent and straightforward manner. Just about every person who came as a total sceptic and has never invested in China based companies listed here certainly left with a good feeling that if there are genuine companies to be found then it is a very good chance CamKids is one of them ! They were impressive guys and I can tell you that they found the audience to be equally impressive with the depth and range of questions. The fund manager that attended yesterday, and we do have many who come along, was amazed at the dinner event and its popularity and high standard of questions from the floor. There were 82 investors there last night and CAMK deserve much credit and will have gained many friends and potential new investors. I bought for the second time this morning and I only bought my first stake yesterday when it dipped below 90p. I am very comfortable having met the non execs and it pays a good dividend so I will see how the final results look and adjust or add after that. The directors have assured me that they want to have good lines of communication with us all following this first event and I have no reason to think otherwise. Naibu and Ctek could have done exactly the same and had the opportunity even until yesterday afternoon when I assured them that all the companies could read out the riot act about closed periods but it appears Daniel Stewart who are Nomads and brokers to the other two simply did not want them there ! and even DS refused to attend to explain themselves as well so bad form IMHO. |
Posted at 09/3/2015 14:46 by philjeans Ignore the lying shorters - who come up with a fresh user-name every week like this "rugby" creature; it's the same old nutter stigologist with yet another avatar!Time to get back in here? Let the directors do the talking; Camkids Group PLC 04 February 2015 Camkids Group plc ("Camkids", the "Company" or the "Group") Trading update and statement on share price Camkids Group plc (AIM: CAMK), a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers, announces the following trading update. As explained in the Group's trading announcement on 17 November 2014, the Group's distributors are adopting a cautious approach towards 2015 given the macro-economic backdrop in China and the reduction in consumer spending. In light of this backdrop, in December 2014 certain of the Group's distributors requested the postponement or cancellation of some orders which, by way of a commercial gesture aimed at maintaining good relationships with certain of the Group's key distributors, totalled RMB 79m (unaudited). As a result of this the Directors anticipate that the Group's net profit after tax will be approximately 12.5% (unaudited) behind market forecasts. The Board has been reviewing the Group's planned cost base for 2015 with a view to maintaining the Group's net profit as much as possible and further announcements will be made at the appropriate time. As announced on 29 September 2014, the Group has purchased an additional piece of land not far away from the existing factory in order to develop the Group's new facilities. Construction had originally been scheduled to commence in early 2015. As part of the Group's review of its planned cost base, the Group has decided to delay the construction whilst it evaluates other potentially cheaper alternatives, including leasing or purchasing an existing one. The Group's cash balances as at 31 December 2014 were RMB 410m (unaudited). The Group is increasingly looking to manage its treasury function in a more pro-active manner and in April 2014 placed approximately RMB 100m in a 12 month deposit account at a 3% pa interest rate. The Directors note the recent falls in the Company's share price and consider that the current price fundamentally undervalues the Group. As stated above, the Group's cash balances as at 31 December 2014 were RMB 410m (unaudited), equal to 57p per share or 370% of the Company's market capitalisation as at 3 February 2015. The Group remains committed to its AIM listing. |
Posted at 07/3/2015 07:37 by philjeans Ignore the lying shorters - who come up with a fresh user-name every week like this "rugby" creature; it's the same old nutter stigologist with yet another avatar!Time to get back in here? Let the directors do the talking; Camkids Group PLC 04 February 2015 Camkids Group plc ("Camkids", the "Company" or the "Group") Trading update and statement on share price Camkids Group plc (AIM: CAMK), a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers, announces the following trading update. As explained in the Group's trading announcement on 17 November 2014, the Group's distributors are adopting a cautious approach towards 2015 given the macro-economic backdrop in China and the reduction in consumer spending. In light of this backdrop, in December 2014 certain of the Group's distributors requested the postponement or cancellation of some orders which, by way of a commercial gesture aimed at maintaining good relationships with certain of the Group's key distributors, totalled RMB 79m (unaudited). As a result of this the Directors anticipate that the Group's net profit after tax will be approximately 12.5% (unaudited) behind market forecasts. The Board has been reviewing the Group's planned cost base for 2015 with a view to maintaining the Group's net profit as much as possible and further announcements will be made at the appropriate time. As announced on 29 September 2014, the Group has purchased an additional piece of land not far away from the existing factory in order to develop the Group's new facilities. Construction had originally been scheduled to commence in early 2015. As part of the Group's review of its planned cost base, the Group has decided to delay the construction whilst it evaluates other potentially cheaper alternatives, including leasing or purchasing an existing one. The Group's cash balances as at 31 December 2014 were RMB 410m (unaudited). The Group is increasingly looking to manage its treasury function in a more pro-active manner and in April 2014 placed approximately RMB 100m in a 12 month deposit account at a 3% pa interest rate. The Directors note the recent falls in the Company's share price and consider that the current price fundamentally undervalues the Group. As stated above, the Group's cash balances as at 31 December 2014 were RMB 410m (unaudited), equal to 57p per share or 370% of the Company's market capitalisation as at 3 February 2015. The Group remains committed to its AIM listing. - Ends |
Posted at 06/3/2015 15:28 by philjeans Camkids Group PLC04 February 2015 Camkids Group plc ("Camkids", the "Company" or the "Group") Trading update and statement on share price Camkids Group plc (AIM: CAMK), a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers, announces the following trading update. As explained in the Group's trading announcement on 17 November 2014, the Group's distributors are adopting a cautious approach towards 2015 given the macro-economic backdrop in China and the reduction in consumer spending. In light of this backdrop, in December 2014 certain of the Group's distributors requested the postponement or cancellation of some orders which, by way of a commercial gesture aimed at maintaining good relationships with certain of the Group's key distributors, totalled RMB 79m (unaudited). As a result of this the Directors anticipate that the Group's net profit after tax will be approximately 12.5% (unaudited) behind market forecasts. The Board has been reviewing the Group's planned cost base for 2015 with a view to maintaining the Group's net profit as much as possible and further announcements will be made at the appropriate time. As announced on 29 September 2014, the Group has purchased an additional piece of land not far away from the existing factory in order to develop the Group's new facilities. Construction had originally been scheduled to commence in early 2015. As part of the Group's review of its planned cost base, the Group has decided to delay the construction whilst it evaluates other potentially cheaper alternatives, including leasing or purchasing an existing one. The Group's cash balances as at 31 December 2014 were RMB 410m (unaudited). The Group is increasingly looking to manage its treasury function in a more pro-active manner and in April 2014 placed approximately RMB 100m in a 12 month deposit account at a 3% pa interest rate. The Directors note the recent falls in the Company's share price and consider that the current price fundamentally undervalues the Group. As stated above, the Group's cash balances as at 31 December 2014 were RMB 410m (unaudited), equal to 57p per share or 370% of the Company's market capitalisation as at 3 February 2015. The Group remains committed to its AIM listing. - Ends - |
Posted at 07/1/2015 10:48 by silkywhite AIM rocked by dividend culture clashBy Andrew Hore | Tue, 30th September 2014 - 09:03 Share this AIM rocked by dividend culture clash Children's clothing and footwear company Camkids (CAMK) has followed logistics business China Chaintek (CTEK) in cutting its dividend but dressing this up by offering a higher scrip dividend. Cutting the dividend is a symptom of the problem, which is that the cash dividend levels used to attract investors were too high in the first place. The management of Chinese companies can't be expected to understand UK investors and even British company management teams will not necessarily comprehend that some shareholders are predominantly interested in growth and others want an income. Investors seeking income would generally prefer a predictable, and hopefully rising, dividend and not one which moves up and down each year - and they do not want additional shares. A major Chinese shareholder tends to be happy to take shares rather than a cash dividend so they have a different mentality. This is why companies have advisers - they are not there just to sell shares. They should be advising their clients that a steady, progressive payout is better than a rollercoaster dividend. Whether the company listens or not is another matter. More recently Chinese companies, such as Camkids and China Chaintek, have floated on the back of the fact that they can generate cash and pay dividends. Their brokers have sold the shares to investors on the back of apparently attractive yields. So, it was in the interests of the brokers that the yields were high and their analysts initially predicted that the dividends would be edged up. Both Camkids and China Chaintek were both growing companies when they floated and that growth requires funding. The advisers should have made sure that there was enough cash being kept in the business so that expected and additional growth opportunities are covered. They will surely have advised the companies on the appropriate level of dividend. Laughable dividend announcements The initial problem of too high a dividend has then been compounded by the laughable dividend announcements which believe that the scrip dividend is the main dividend and the cash dividend is just a potential alternative kindly offered by the company. To quote China Chaintek; "the company will pay an interim scrip dividend of 2 pence or a cash alternative of 1 pence". I may be old fashioned, but to me the cash dividend is the dividend and then shareholders can be offered an alternative of taking the dividend in shares. Yet again, this is the advisers' fault not the company's. Even if the company thought that this was an acceptable wording then they should have been advised against it. More likely, though, the advisers thought that this was a good way of announcing a cut in the dividend as an unchanged dividend and save face. On top of this, the amount of cash involved is pretty small with the main Chinese shareholders tending to take their dividend in shares anyway. China Chaintek, which is advised by Daniel Stewart and previously had ZAI Corporate Finance as nominated adviser, halved its cash dividend to 1p a share, while maintaining the scrip dividend. Based on the take-up of the scrip dividend when the final dividend was paid, and assuming no additional scrip dividend take-up, this will save around £110,000. Halving the final dividend will save a further £220,000. Cash generation China Chaintek had more than £40 million in the bank at the end of June 2014 and it has been generating cash, although it does require around £60 million to complete the construction of a new facility by 2016. Additional cash will also be required to open regional centres to satisfy e-commerce demand. Previously, Daniel Stewart forecasts suggested that continued cash generation meant that there would be cash left after investing in the new facility. Similarly, Camkids, which is advised by Allenby, says that it is paying an increased scrip dividend of 2.4p a share or 2p a share cash dividend. The cash saving for Camkids on cutting its interim dividend by 0.3p a share is £231,000 - if everybody took cash. The main 66.9% shareholder took shares last time and, although he says he will not increase his percentage shareholding he is likely to take most of the dividend in shares again, this suggests that in reality less than £80,000 would be saved by Camkids. Camkids had net cash of £48.6 million at the end June 2014, which, at the equivalent to 64p a share, is higher than the share price. Admittedly this is a high point for cash and it is likely to be much lower at the year-end. At the end of 2013, net cash was just over £30 million and Allenby reckons that it should be more than £40 million at the end of this year. Allenby also forecasts cash that is the equivalent of more than £50 million by the end of 2015. It should be noted that RMB/£ exchange rate movements will affect these figures to some degree but the underlying cash figure is expected to increase. Forward planning needed It is always right for a company to cut its dividend if it needs to conserve its cash. Both Camkids and China Chaintek do have investment programmes and new opportunities have come along, but the dividend reductions should not have been needed. There should have been enough forward planning to cover these additional opportunities and the dividend should have been set accordingly. A special dividend could be paid if the company had more cash than it required. Admittedly, these dividends may have helped to sell the shares but they have not helped to hold up the share price. This will have disappointed the management teams and there is a suspicion that this could be why they may not be keen to continue to pay the previous level of cash dividend. However, much of the share price weakness has been due to stock overhangs - something that the adviser needs to manage. If these companies increase the cash dividend next year there will be no confidence that it will not be cut again the following year, thereby negating the attraction to investors seeking a steady income stream. It is very easy to attack Chinese companies when things go wrong, and there are additional pitfalls to investing in any non-UK company, but in reality it is the advisers' promises that attract the companies to AIM. If their advice is poor then it is the company and the investor that lose out. |
Posted at 30/9/2014 12:18 by jerc UBER-TIPSTER SIMON THOMPSON (investor's chronicle) -Still very upbeat in this update published for online subscribers today........" The share price of Camkids (CAMK: 54p), the Aim-traded Chinese designer, manufacturer and distributor of outdoor apparel, has been incredibly volatile in the six weeks since I advised averaging down your holdings at 51p (‘Bargain shares new buying opportunities, 12 August 2014'). This is almost entirely down to a number of factors, none of which reflect the operational performance of the company. The cancellation of the dividend at Chinese rival Naibu (NBU: 23p) clearly spooked investors and prompted me to exit that particular holding, but it also had a negative effect on sentiment towards Camkids. To compound matters a suspected fraud at Frankfurt listed Chinese company Ultrasonic has created further concerns and highlighted the potential for financial irregularities in companies from the region. It’s hardly a surprise then that some investors have tarred Camkids with the same brush and dumped the shares. But these worries have proved wholly unjustified. For starters, the company has just declared a 4 per cent rise in the interim scrip dividend to 2.4p a share. Shareholders can alternatively opt for a cash dividend of 2p a share, the same as the final dividend declared earlier this year. The company can easily afford to make the payment because in the latest six month trading period its operating profit rose 3.5 per cent to £12.6m (using a sterling Renminbi exchange rate of £1:RMB9.99) on revenues 5.8 per cent higher at £45.9m. Net profits of £9.1m covered the £1.5m cash cost of the payout almost six times over. Furthermore, with the first half of the financial year strong for cashflow as distributors settle accounts for sales made in the seasonally stronger second half, the company’s net funds increased from £31.1m at the end of December to £48.6m. That’s the equivalent of 64p a share, or 10p a share more than Camkids own share price. Or put it another way, with Camkids commanding a market capitalisation of £40m, or half its net asset value of £80m, we are getting a free ride on half the company’s assets and £8m of its own cash. It’s worth flagging up that the company has no bad debts amongst its distributors too. That’s important because Camkids’ extends credit for 120 days and had trade receivables of £33.3m at the end of June. Extreme undervaluation Such an undervaluation seems extreme to say the least, even after factoring in the negative sentiment towards Chinese companies, given that Camkids’ board are able to easily fund that 4.4p a share dividend in the future. The rolling 12-month yield is 8.4 per cent. It’s clear to me too that the company’s planned investment in a new production facility at a cost of £20m – the current one is running at 85 per cent capacity – can largely be covered by cashflow over the next couple of years without eroding that bumper cash pile. It’s also worth pointing out that Camkids’ focus on the children’s market is a key differentiator of the business from the cut throat adult apparel and clothing market. Based in the Fujian province in China, the company sells its merchandise to 17 authorised distributors operating over 1,300 franchised retail stores. True, the children’s branded clothing market is still highly competitive and a number of global brands are offering larger discounts on their product ranges in China. But by offering value for money branded outdoor clothing for teenagers and children, and targeting tier three and four cities in China to expand its reach – the number of retail outlets has increased from 1,100 since June 2013 – the business has been able to withstand these pressures. Addressing shareholder concerns A key issue concerning investors, and weighing on Camkids’ share price, has been the 66.9 per cent shareholding of chairman Zhang Congming. That’s because if he continues to take up the dividend as a scrip option, and other investors opt for the cash payment, then his holding will eventually increase to 75 per cent of the 77m shares in issue. It is at this level at which a delisting of the shares from the Alternative Investment Market could take place, if he so desired. Mr Congming was issued with 1.58m scrip shares in lieu of the final dividend of 2p a share in July which raised his stake from 66.28 per cent of the issued share capital. It’s therefore worth noting that although Mr Congming will opt for the scrip option for his interim payout, the number of the scrip shares issued will be capped so that his percentage shareholding in the company will not increase. The balance of the dividend will be paid in cash to him. I feel this is a wise decision and one that should help allay investors’ fears about Camkids’ Aim-listing and the motives of the majority shareholder. Another issue affecting sentiment has been selling by some Chinese shareholders who backed the company before it listed on Aim. But I understand that the stock overhang has now cleared which could be significant given this has been a dead weight on the share price. Value on offer Post the half-year results, analyst Matt Butlin at nominated adviser and brokerage Allenby Capital edged up his 2014 EPS estimate by 3 per cent to 26.6p, reflecting recent weakening of sterling against the Renminbi. This is based on full-year pre-tax profits of £27.3m, down around 10 per cent on 2013, on relatively flat revenues of £109m. True, there is a strong second half bias to Camkids’ sales (58 per cent of the full-year revenue estimate), and even if that forecast is hit then profits are still expected to decline for the 12-month period. However, I feel that this is more than reflected in the current valuation as the shares are only rated on a miserly two times earnings estimates. It is also fair to say that such a rating would imply the company has gone ex-growth. That is close to the mark as Allenby forecasts 2.5 per cent uplift in revenue and pre-tax profits next year. But even taking that into consideration, such an earnings multiple is simply too harsh for a profitable and cash generative operation. Other investors may be starting to see things my way too: the shares jumped 18 per cent post results, albeit only back to the level of my update last month. Admittedly, it’s going to take time for sentiment to improve to the extent that Camkids can command a more sensible rating, but I still feel it will eventually and on a bid-offer spread of 52p to 54p, I remain a buyer of the shares. " |
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