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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Charles Taylor Plc | CTR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 345.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 345.00 | 345.00 |
| Top Posts |
|---|
Posted at 08/11/2019 16:29 by vprt Yes, but with a third party lurking (as "a renewed approach" is explicitly stated).The 7p extra can be read as e.g. investors betting that there is, say, a 20%(+) chance of 35p(+) more. So a higher bid is perhaps not likely, but it certainly seems quite possible - and especially as the volume picked up to millions this afternoon. I agree - solid and steady. I suspect that shareholders may have struggled to value it accurately given the large adjustments items driving statutory profit into the red, and perhaps not fully appreciating the IT-driven growth opportunities. I first bought a few CTR shares in 2011 (at 143p) and added many times, so it's my third largest holding. Like you I was a happy long term shareholder, and now I will get the (quite nice) problem of redeploying the cash - as Lord John Lee recently wrote about in the FT (after having called the mysteriously low valuation) - credit to him, yet again. |
Posted at 08/2/2017 16:45 by ratel274 In a recent issue of Growth Company Investor, Gervais Williams of Miton Asset Management described CTR as a stable business and a world leader at what it does on a cheap valuation. The article post-dated the sales warning and at the time the share price was around 250p. I put it on my watchlist and bought in yesterday following the solid trading update.In the same article he mentioned CROS which was 33p at the time and is now 53p to sell. |
Posted at 13/12/2010 14:06 by wallywoo Just got a current institution list off the Co Secretary, impressive list if you ask me, only 35% in free float: Also worth pointing out that Aviva hold 14.65% (extra 12.59% than this list) since they are held by Aviva on behalf of private clients leaving only 22% odd in free float.Delta Lloyd Asset Management 4,946,979 12.26% Columbia Wanger Asset Management 3,767,000 9.34% Invesco Trimark Funds Management 3,350,407 8.30% Legal & General Investment Management 2,209,765 5.48% Ruffer Investment Management 2,021,952 5.01% Kabouter Management LLC 1,615,872 4.01% Schroder Investment Management 1,323,414 3.28% Mawer Investment Management 1,313,791 3.26% M&G Investment Management 927,967 2.30% AVIVA Investors Global Solutions 833,011 2.06% BlackRock (BGI) UK 697,389 1.73% AXA Framlington Investment Managers 501,197 1.24 Unicorn Asset Management 371,009 0.92% Cazenove Fund Managers 350,000 0.87 State Street Global Advisors UK 331,370 0.82 Grantham Mayo Van Otterloo 288,590 0.72 Dimensional Fund Advisors Inc 200,821 0.50 AXA Rosenberg Investment Managers 189,849 0.47 National Financial Services 184,041 0.46 Talon Asset Management 142,981 0.35 PSP Investments 142,085 0.35 HSBC Global Asset Managent (UK) 121,399 0.30 Universities Superannuation Scheme 114,383 0.28 Scottish Widows Inv.Partnership 100,930 0.25 Total 64.56% therefore other 35.44% 26,046,202 40,344,664 |
Posted at 12/2/2010 15:00 by shroder Reply back but unfortunately a month old, it shouldn't be too hard to add/delete the last months holdings RNS though.____________________ INVESCO Asset Management Limited Jan 28 2010 5725 14.29 Delta Lloyd Asset Management N.V. May 11 2009 5632 14.06 Individuals 3622 9.04 Columbia Wanger Asset Management, L.P. Mar 30 2009 2879 7.18 Legal & General Investment Management Ltd. (UK) Aug 11 2009 2036 5.08 AXA Framlington Investment Management Ltd. May 6 2009 1949 4.86 Aviva Investors Global Services Limited 1691 4.22 M & G Investment Management Ltd. Mar 30 2009 1481 3.69 Holden (Philip) Mar 30 2009 1220 3.04 Brannon (Andrew) Mar 30 2009 1220 3.04 Hermes Fund Managers Limited Jan 28 2010 1027 2.56 Ruffer LLP 908 2.26 |
Posted at 22/5/2009 16:07 by contrarian2investor dasv & simon,Thanks. Great charts and research. You have both wetted my appetite and I will now put CTR on my watchlist. dasv, That Updata software looks like a gem of a tool. Are you enjoying it? Is it inspiring you to increase your equity holdings? Yours with integrity c2i ==================== EDIT: Here is an article I found for you Simon. It could be that some Motley Fool income-seekers jump onboard this afternoon. ==================== Friday May 22, 12:00 AM Follow The Leaders: Charles Taylor Consulting By Owain Bennallack Those who see director buying as a bullish signal might have noticed the lack of big deals recently. Are boardrooms wary after the strong rally since March? One group who've been buying are directors at Charles Taylor Consulting (LSE: CTR.L - news) (LSE: CTR), an insurance services specialist. Date of deal Director Capacity Share price Spent 8 May Rupert Robson Non-exec chairman 182.5p £30,113 8 May Charles Cazalet Non-exec director 182.5p £27,375 8 May Julian Avery Non-exec director 183p £18,300 12 May Stephen Matthews Director 183p £14,648 On closer inspection, the buys aren't very exciting. At less than £100,000 against a market cap of £70 million, they're not substantial. Charles Cazalet and Julian Avery only joined the board last year, and none of the non-execs are big shareholders. Still, buying, even by non-execs, is more positive than selling, and these directors have highlighted a tempting opportunity for income seekers. Entering the Bermudan triangle Warren Buffett says only invest in businesses you understand, in which case good luck with Charles Taylor. It operates across the globe via dozens of subsidiaries, its single biggest territory is Bermuda, and its activities are dull as well as opaque. If you grasp how it's performing from its results, you probably work there. In essence, Charles Taylor: Provides insurance management services, especially to mutuals organisations in the same industry that self-insure by pooling resources. Has a claims business 'adjusting' in insurance speak that generates revenues mainly through time-based fees. A speciality is big events like Hurricane Katrina. Owns life and non-life insurance companies in run-off. Has just added a fourth support division serving the London insurance market, after a £7.8 million acquisition. The mutual management and adjusting businesses mainly involve shipping, hence the Bermudan connection. Show me the money Charles Taylor is a highly specialised people business with a £45 million wage bill, operating in sectors most of us never encounter. Some say investors are fooling themselves to ever think they can understand a company from its published results, but here there's not even the illusion of an illusion! After two days reading Charles Taylor's annual reports, I'm only a little wiser. Easier to digest are its reported earnings and commentary. The year to the end of December 2008 saw total revenue fall 1% to £80.8 million. Profit before tax was up from £8.3 million to £9.9 million, but adjusted profit declined a fraction, with adjusted earnings per share dropping to 28.67p from 31.76p. Basic earnings per share rose by 8% to 19.9p, and the annual dividend rose 5% to 13.86p a share. Charles Taylor carries significant debt of £31 million. Its assets are mainly goodwill, so no great comfort there, but interest is covered five times. In November it increased its banking facilities to £45 million -- a positive development these days and giving it some headroom, especially for acquisitions. Management reassured early this month, saying the group was "financially robust" and that "performance for the year to date is in line with management's expectations", adding it would look out for additional companies to acquire. Acquisitions are part of Charles Taylor's core business, so I don't see this as a negative. Pension problems The pension deficit may be more of a concern. Just £8 million two years ago, it's ballooned to £24 million as markets have fallen -- a significant liability for a £70 million company. I'm not as worried as many about big pension deficits, provided the underlying business is sound, seeing them as a symptom of two bear markets in a decade. Big deficits should be reversed if and when shares recover, at which point companies may be re-rated. The scheme is closed to new members. Also notable is currency risk, due to exposure to the US dollar. Some of this risk is offset with options, and I'm going to assume management has a better grasp on it than me. Tuck away for income Charles Taylor looks cheap, with a P/E ratio of just 6 at today's 175p, going on adjusted earnings. A 14p dividend for 2009 would equal a forward yield of 8%. The shares cost 440p back in 2002 and again in 2007, before falling to today's near decade lows. Debt has steadily increased. Earnings per share have fluctuated between roughly 22p-32p for five years, and new acquisitions will only help incrementally. And there are many calls on Charles Taylor's income, from debt interest and the pension to a predictably well-paid boardroom. There are also over 1.7 million options outstanding. Still, the company exudes stability. Its origins go back to 1840, and it isn't likely to disappear overnight. Charles Taylor's specialist expertise and contacts would be hard to replicate, and its diverse client base further spreads the risk. The CEO joined the company in 1973, and first held the role in 1993. The big attraction is the dividend, which has been raised every year since the Charles Taylor floated in 1996, as the chairman reminds us in his 2008 statement. At some point earnings will need to grow to maintain that record, but the cheap rating seems to discount the challenge. An 8% forward yield, twice covered by forecast adjusted earnings and rising 5% a year, is an attractive asset to own. I don't expect fireworks, but I've bought a few to tuck away in my income portfolio. More from Owain Bennallack: Just in case you skipped the last sentence, Owain owns shares in Charles Taylor. |
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