Carclo Share Discussion Threads

[rivaldo] 11/4/2017 09:16

N+1 Singer today reiterate their Buy and 161p target.

Their forecast remains at 12.5p EPS this year, and they "feel that there is an attractive investment case at these levels (P/E of c.11x March 18)".

[queeny2] 11/4/2017 08:31

That would have been me :)

Like you I'm assuming there's a bit of £ in that, but nevertheless.

[boadicea] 11/4/2017 08:19

Some criticism on this board has previously centred on the supposed low margin nature of Technical Plastics. I have always felt this was a little unfair when one considers that much of their product is serving the medical market. However, it is reassuring to see the following comment in the statement - "Technical Plastics has delivered another year of growth and operating margin improvement, with margins expected to be at or close to the Group's stated 10% target."

No doubt the lower value of sterling has helped and looks likely to continue for some time.

[rivaldo] 11/4/2017 07:19

Excellent year end trading update:



- trading in line with Board's expectations, which should be slightly higher than the market expectations of consensus 11.5p EPS
- Wipac have won a second mid-volume auto contract already, and unusually the statement notes the Board's confidence in its continued success
- TP expansion worldwide is going well
- the two acquisitions have started life encouragingly

A good, solid statement moving into the current year. for which consensus forecasts are 12.95p EPS, with Peel Hunt forecasting 13.34p EPS.

[1gw] 11/4/2017 07:15

Steady as she goes. No surprises. Reassuring.

[gleach23] 06/4/2017 21:22

I sent an email to IR on Tuesday lunchtime asking them if they could advise whether it was still the intention to issue a separate TU.

No reply yet. Not impressed. Will chase tomorrow if there is no update in the morning. I half expect them to say they can't advise but they could at least say so.

[beeezzz] 30/3/2017 11:25

This may have been posted....SP target still 190p

[gleach23] 30/3/2017 11:14

Was wondering the same 1gw - sincerely hope not - was expecting one around w/c 10th April

[rivaldo] 30/3/2017 11:13

Good question - CAR's end of year trading update is normally pretty detailed, so I'd guess there'll be a fuller update coming soon.

Given the timing of today's acquisition, if CAR hadn't said anything at all about trading then some might have worried.

After today we can look forward with optimism to future news flow. And I suspect that there is still scope for an upgrade once the March and year end figures are finalised.

I'll update the thread header post once the results are out as there's no point before then.

[1gw] 30/3/2017 10:39

So does this morning's rns count as the end-year trading update then?

[boadicea] 30/3/2017 09:52

Lack of liquidity has become a significant problem in CAR of late.
Only a handful of trades yesterday and only 3 in almost 2 hours this morning.

[queeny2] 30/3/2017 07:48

Hi rivaldo thanks.Is this your thread? Do you own it? If so maybe the stuff at the top needs an update for the unwary?

[rivaldo] 30/3/2017 07:21

Today's RNS is primarily about an acquisition, but most importantly, today's RNS also says this:

"The Board confirms that the Group continues to trade in line with its expectations for the year ending 31 March 2017."

CAR is now extremely cheap imo on a historic P/E of 11.

It's good to see an earnings-enhancing acquisition this morning, adding to the LED division:



In particular, this will speed up "expanding its Wipac LED lighting operations into both the low volume and mid volume prestige car markets".

[beeezzz] 28/3/2017 17:43

VRS....Looks like doing what CAR failed to do...Printed circuits RFID tags using graphene in partnership with Cambridge graphene...SP moving up nicely on order worth a look.

Wonder if they will buy CAR's old machine or did they give it to US company..Technology never stands still....hey

[rivaldo] 21/3/2017 12:05

From CAR's partner VEC's results this morning - looks like the VR315 programme continues to go well:

"VR315 (US), (fluticasone propionate/salmeterol), is the Group's partnered programme with Hikma for a generic version of Advair® Diskus® for the treatment of asthma and COPD in adolescents and adults for the US. In April 2016, the US Food and Drug Administration (FDA) accepted an Abbreviated New Drug Application (ANDA) filing made by Hikma and Vectura recognised a milestone receipt of $10 million. The FDA has provided Hikma with a GDUFA goal date of 10 May 2017. Vectura will receive $11 million on approval of the file plus a mid-teen percentage royalty on net sales of VR315 in the US.

This programme remains under FDA regulatory review and we continue to work closely with Hikma through this process. VR315 is one of only two generic Advair® Diskus® ANDAs publicly filed and accepted."

[gleach23] 20/3/2017 21:20

Dates for year end trading updates for last 3 years have been as follows -

07/04/14
09/04/15
12/04/16

Shouldn't therefore have long to wait for this year's update and seems to be off the radar for the moment. Imo it's on a nice support level now and I'd be topping up if I didn't already have my full quota.

[abergele] 08/3/2017 18:06

Well it seems some broker is taking the sells as they come in,hold them and are now passing them on to Henderson,can't be bad for lth's down the line..gla lth's

[beeezzz] 08/3/2017 17:31

Henderson; largest shareholder now....

[rivaldo] 08/3/2017 08:25

RNS - Hendersons are in a hurry to buy shares. Last month they bought 1.25m sharers to go above 12%, and now they've bought another 300,000 shares to go above 13% with 9.55m shares in total:

[abergele] 06/3/2017 18:12

p1nkfish,
Many thanks for that,I did read that piece somewhere sometime,but wonder if from before I bought in had I missed something important re. Vauxhall and the smaller end of the markets,but many thanks again...

[p1nkfish] 06/3/2017 18:04

I think CAR only handle high-end premium.

[abergele] 06/3/2017 10:38

I am saying this out of ignorance,but could the Vauxhall sell to Pergeot, cause any lose of sales,ie.do they supply led's for their headlamps?? tia

[rivaldo] 02/3/2017 11:42

Peel Hunt today reiterated their Buy and 190p price target:

[abergele] 27/2/2017 16:40

really strange todays trading,
just after the start we were unchanged at a 2k sell,then at close with being down just 3k of sells more than buys,we lost 6p or just over 4% of our market cap.
We really got shafted today all right,I see a couple of self rolls going by, and perhaps Instis,taking on the 10k buy also the 7.5 buy and the other high figure of 10767...it's my thoughts,unless someone can pop up and shoot me down..imho...gla

[rivaldo] 27/2/2017 16:03

Bouncing nicely - the real price now is 132.25p (130p-134.5p spread). No doubt the thread header chart will correct itself when an AT trade goes through.

This was just an MM tactic to drop the price after a few small sells on a small day in a reasonably illiquid stock. A good opportunity for some to pick up cheap stock imho.