Churchill China Share Discussion Threads

[1tx] 10/4/2024 10:57

I thought a solid performance;hope we have plenty of sun in Stoke on Trent to benefit from all solar panels the company intends to install!Reaction to results seems good being a bit cynical makes it rather more expensive to add to my holding......

[sedap] 10/4/2024 07:57

The Pension surplus could mean an extra 20p per share in retained cashflow if the company takes a contribution holiday - which it looks like the scheme can easily afford.

[pireric] 10/4/2024 07:17

Quite an expectations miss actually, 70.2p of EPS compared to the 82.5p EPS forecast partly on tax. I'd imagine broker forecasts for 2024/25 have to come down a bit today

Eric

[dudishes] 05/4/2024 15:46

Agree, but shorts are good.

[trombone_89] 25/3/2024 08:43

churchill does very high quality tableware IMHO. A British winner

[pireric] 15/3/2024 10:45

More automation investments being put in. Probably more margin enhancements looking a few years out, noting that CHH is still a decent away from its historical peak margin levels. Broker forecasts with regards to outer year margins look too low IMO



Eric

[dudishes] 09/3/2024 15:11

Tks Waldron.

Sales forecast negative?

EPS growth limited?

Cheeky short 1100.

cheers

[waldron] 05/3/2024 07:28

Upcoming events on Churchill China plc

26/03/2024 Q4 2023 Earnings Release (Projected)

[waldron] 05/3/2024 07:24

Analysts' Consensus


Mean consensus
BUY

Number of Analysts
1

Last Close Price
11 GBP

Average target price
15.6 GBP
Spread / Average Target
+41.82%

High Price Target
15.6 GBP
Spread / Highest target
+41.82%

Low Price Target
15.6 GBP
Spread / Lowest Target
+41.82%

[waldron] 05/3/2024 07:21

Hopefully there will be more analysts writeups during the month to provoke a further trend up

alas which i doubt as sector seems to be out of favour

[mcunliffe1] 04/3/2024 12:31

Thanks waldron for that link. Missed the boat anyway I think as it's up 12% today so far.

I'll keep a watch out but appreciate the comments I've read about poor trading expectations in 2024.

[waldron] 04/3/2024 12:11

Earnings Not Telling The Story For Churchill China plc (LON:CHH)

Simply Wall St
Published February 27, 2024


WILL MAKE COMMENT TOMORROW

ENJOY YER DAY AND COMING WEEK

CHUCKLE AND CHEERS

[mcunliffe1] 02/3/2024 13:58

Back here again because Richard Beddard of ii now has CHH at the top of his Decision Engine.

I see from the excellent post of Eric's that this share may well be my 'cup-of-tea'. I'm primarily looking for dividend stocks but within my SIPP I'm happy to play the oscillating companies. ABDN has provided a modest £250 profit on a £5k investment - twice.

AHT (Ashtead Group) provided £400 but I sold out way too early. Hindsight.

But CHH seems low at the moment and I'm tempted next week to have a punt. Ex-div is May 16th I believe but I would expect to sell before then as yield below 4% is not overly exciting.

[pireric] 01/3/2024 18:39

I've been buying, it's on the cheapest multiple it has been for something like 15 years, outside of the 2020 period.

I'm not sure the drop over the last weeks can really be attributed to the 17/1 statement, as that was 4 weeks prior.

Monitoring the trading, the volumes have been extremely thin, and there has been a line of stock in the background. So I think it's fair to attribute the drop to someone in the background wanting to reduce/sell out. I've been happily buying, as this is a high quality company that should be capable of returning to growth from the second half of this year. It's also a stock the market loves. Excellent ROCE/ROIC metrics too

If you do the work, the export hospitality business engine continues to be a really strong growth driver, even in 2023, and there is still a lot of operating margin recovery potential beyond 2024. Message me if you want some of the back analysis I've done, as you have to tease out estimates for retail over time.

If this drop was on decent volumes you may have more question marks, but it really hasn't been. I'd guess this bounces back into a £12-13 range without too much trouble over the next month or two. But that's just my hunch. Earnings forecast for FY25 is still ~82p

Eric

[vprt] 01/3/2024 17:20

Yes, I believe it is the weak 2024 outlook in the 17/1 trading statement.

[nocton] 01/3/2024 16:23

But it has now dropped to ~£10 today. Anyone have any idea of the reason why such a large drop in a month?

[tradersof2003] 27/2/2024 09:05

Cheap as plates compared to normal. This is a useful trading share, buy it every time it hits £11 and sell it at £13+

TP £13.25

[mcunliffe1] 30/9/2023 12:16

Richard Beddard of Interactive Investor today in an article ranks CHH third of 40 in his 'Decision Engine'. He discloses that he holds this share.

I'm scratching around for diversification and found this. Probably not for me though.

[1tx] 14/9/2023 10:08

Decent results.Big cost pressures in hospitality sector worldwide.Still very modestly in profit;however this is an excellent company & worth holding in my opinion.

[wad collector] 22/8/2023 22:44

Sold too, UK holdings are rather depressing atm.

[volsung] 17/8/2023 15:08

Sold.
Seems to be tanking

[wad collector] 08/6/2023 08:19

agm ;At the meeting, Alan McWalter, Chairman, will make the following statement:

"Trading remains in line with our expectations, with export markets continuing to perform well. We have made further progress on our initiatives to improve margin, whilst continuing to invest in our established strategy and remain on track to achieve our full year profit expectations."

[actscap] 07/5/2023 11:02

https://www.thetimes.co.uk/article/share-tip-churchill-china-can-serve-up-a-recovery-djqsccrcdTipped as a buy.

[actscap] 04/5/2023 16:04

https://www.stokesentinel.co.uk/news/stoke-on-trent-news/wade-ceramics-bought-out-administration-8410644Diff customers to Churchill, but there is likely to be some crossover in terms of staffing. It may mean more minor competitive pressure on wages, but then again it probably means a bigger pool of permanent skilled resources in the area.

[tole] 30/4/2023 10:55

https://moneyweek.com/investments/605633/share-tips?utm_term=FFAF5E81-2D79-47F5-98EA-B910365D2306&utm_campaign=3854FBCB-FE1F-457E-9C9A-87C5805A0127Churchill China Interactive Investor Renewed optimism that a global recession can be avoided is especially palpable in small caps such as this £144m ceramics firm, which produces plates, mugs and cookware for the hospitality and retail sectors. About 40% of group sales come from the UK, with the second-largest market in continental Europe. Management defied Brexit trade woes to grow sales in Europe by 32% last year. Rising energy costs are a challenge, and on 21 times earnings the shares aren't cheap, but "on a two-year view... Churchill's strengths will show through". Buy, 1,310p