Share Name Share Symbol Market Type Share ISIN Share Description
Castings LSE:CGS London Ordinary Share GB0001795680 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.25p -0.30% 420.75p 420.25p 430.00p 422.25p 418.00p 418.00p 1,748.00 15:59:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 132.4 19.7 37.1 11.3 183.58

Castings Share Discussion Threads

Showing 251 to 272 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
31/8/2016
11:19
On the move.
analyst
16/6/2016
19:12
Hi jacks13 I'm just delighted to get the cash return , it just struck me as illogical to hold so much surplus cash when there was no clear need to do so or plan for acquisitions. I'd also be surprised if Brian Cooke wasted too much time perusing BB's and I'd not had the the chance to discuss the topic with the directors face to face. For the future I believe a precedent has been set and believe this will be part of the investment case going forward if the business continues to trade well. Cheers
rhomboid
16/6/2016
18:22
It looks like Cookie has been listening to you rhomboid.
jacks13
15/6/2016
08:20
Delighted with the cash return and the steady progress, I've a good size position and intend to hold for long term income growth.
rhomboid
15/6/2016
07:00
In summary we have a warning of a temporary lowering year profits for CNC speedwell, due to the ending of one contract balanced against a special dividend of 30p, a raise in the ordinary divi. There's continuation of development for the company. A neutral - positive outlook generally balanced with un-certainty regarding Europe. Europe is of course the elephant in the room here although the commentary is perhaps a little indifferent from Mr Cooke who of course has seen it all in his time:- "It is also important that, whatever the result of the EU referendum, the Government return to the priority of focussing on the economy and recognising the important role of manufacturing in achieving higher levels of employment to the benefit of the country as a whole. As usual the financial analysis is rock solid and we even have a trickle of Icelandic monies coming back into the pot. A long-term hold for me.
thorpematt
22/3/2016
14:40
rhomboid - Regarding your Brexit comment,two thirds of revenues are from exports and most of that is into Europe. Turnover by Region: UK – 33% Sweden – 24% Netherlands – 11% Rest of Europe – 27% N&S America – 3% Other - 2% Turnover by Product: Foundry – 86% Machining – 14% An exit from Europe might cause some short-term damage to revenues if Brussels threw a strop but this is a high quality company with rock solid fundamentals and could I expect ride out any initial headwinds. In contrast to this they have long-term supply relationships with global blue chip customers (Scania) and are integrated into their customers' product development processes and on balance I'd expect a weaker pound to outweigh any short-term setback over trading arrangements post exit. I'll be staying invested whatever the outcome of the referendum.
jacks13
22/3/2016
10:33
Thx for the very comprehensive reply Jacks13 I love the conservative approach but at what point does it become inequitable to the equity holders? My view is that it seems wrong for EPS CAGR to be more than double that of dividend growth when the balance sheet is this cash rich, if they can't find a way of utilising surplus capital at acceptable levels of return then they should consider a cash return via buyback or tender offer or at the very least accelerate the rate of dividend growth. All IMHO of course. Personally I'd love them to find an appropriate use for their excess liquidity but just piling it up on the balance sheet makes little sense beyond a certain point. On another matter £weakness on Brexit should help them significantly. Thx again
rhomboid
27/2/2016
17:43
I hold a chunk here and have only just got round to checking out this Board, has anyone had contact with Brian Cooke or Castings to discuss how they view the level of cash and whether at some point it might in part find its way to the owners of the business? £32m is a heck of a rainy day contingency fund ! Cheers
rhomboid
16/11/2015
16:29
wipo Yes I hold, but not a huge position. red
redartbmud
16/11/2015
16:19
We all get it wrong wipo.Who knows what stage of the cycle we are in. Looking strong now.
shauney2
16/11/2015
16:15
Red I guess I should have bought the dip on results day. Oh well always another day another share. Good luck if you're holding.
wipo1
13/11/2015
15:54
wipo Price is relative and you could well get in lower. In this market nobody can predict the bottom with any degree of certainty. red
redartbmud
13/11/2015
13:25
Good results and good company but I agree with the Motley fool article that states it's a good buy lower down due to Castings being a cyclical company.
wipo1
13/11/2015
10:38
I like all of the positive comments. The Cookemeister continues to rule Ok.
redartbmud
13/11/2015
10:28
I could be wrong but I think this may have been a record H1 in terms of EPS performance at 17.44p. As stated in the narrative, volume increases ran ahead of revenue due to softness in raw material prices.
cockerhoop
13/11/2015
09:45
I'm one of them also! Worth noting that RSP's willing to pay well above Bid to get stock. ie 455.8 as opposed to 451.75 so there is underlying support.
royaloak
13/11/2015
09:05
Jomb Thanks for the detail. Wow Cgs has more than four small private shareholders! red
redartbmud
13/11/2015
08:52
If you read the results from the bottom you won't miss the bit where the pension fund are paying back some of the surplus to the company. Note the £5.7m receivables line in the B/S.
jombaston
13/11/2015
08:46
shauney Agreed. I am getting quite worn out keeping up with the avalanche of posts on this board today. Sleeping 'giant' waking up? red
redartbmud
13/11/2015
08:40
Punters like to see flowery statements but this lot don't do that.Anyway it gives others a buying opportunity.
shauney2
13/11/2015
08:04
A veritable wall of early sellers. Why? Must be nuts!
redartbmud
13/11/2015
07:51
They certainly don't blow their own trumpet but they are good results.
shauney2
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
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