Castings Share Discussion Threads

[bluebelle] 08/12/2010 09:53

Certainly still a strong hold for me !

[essentialinvestor] 07/12/2010 16:48

This may fly tomorrow imv, clear breakout to a new 12 month high today,
will be flagged up on the technical sites imo.

[essentialinvestor] 07/12/2010 09:47

And about time.

[essentialinvestor] 07/12/2010 09:12

Breaking out.

[essentialinvestor] 06/12/2010 16:18

Looks like this may be knocking on a breakout, plenty of Buying today.

[essentialinvestor] 06/12/2010 13:05

You look at some of the sharp re-ratings in this Sector recently,
and CGS is looking markedly undervalued imv.

CGS may have over 20 Million in next cash by the Interims next year,
as their major capex spending is now over.

Possible breakout coming here shortly imo.

[essentialinvestor] 25/11/2010 09:50

Looking at the forecasts, the 2010/11 estimates now look at least 10% too low,
so expect upgrades imv.

[electronica] 25/11/2010 09:16

Excellent Interims & a maintained divi. There's much more to come from CGS.

This will have a v positive share price impact in my view.

[on the up] 25/11/2010 09:12

"EssentialInvestor - 25 Nov'10 - 09:06 - 29 of 30 (premium)

CGS's statements are famously cautious, this is as optimistic as I
have heard them sound for a long time."

That is an understatement EI !

Agree entirely!

New customers, 90% operation to previous highs, CNC Speedwell has new work.....

....quietly getting on with things in a very business-like fashion.

Previous capital investment is now paying off.

Cheers, OTU

[essentialinvestor] 25/11/2010 09:07

Market likes this, PER is too low re the Sector.

[essentialinvestor] 25/11/2010 09:06

Appears a strong statement on first look.

CGS's statements are famously cautious, this is as optimistic as I
have heard them sound for a long time.

[wjccghcc] 25/11/2010 09:05

oops. My bad. I guess they get up early! Revenues + 70%, EPS+170%.

[on the up] 25/11/2010 09:01

25 November 2010

Interim Management Report

Profit before tax after exceptional items for the six months ended 30th September 2010 was GBP5.12m compared to GBP1.89m for the same period last year.

Sales for the period April to September 2010 were GBP44.6m compared to GBP26.0m for the same period last year.

[wjccghcc] 25/11/2010 08:55

Are you sure? It says the board meeting to approve the results is today. I'd guess tomorrow is the more likely issue date. Or do they have really early board meetings?

[essentialinvestor] 25/11/2010 08:46

Thank you for that, have corrected the post.
The site I use for results dates had Friday, should have read the RNS!.

[on the up] 25/11/2010 08:33

Essential Inv - results are today....in 27 minutes!

Cheers, OTU

[essentialinvestor] 24/11/2010 17:54

Results this Thursday.


Linhur, the Company have stated that they have won back business that
went to the Far East.

[linhur] 28/10/2010 23:03

Not sure why China comes into the equation as the majority of Castings customers and competitors are European as it is expensive to cart heavy castings around the world. In my view the rebound in price is due the srength of the commercial vehicle market.CGS do not have a long official order book but have to react quickly to customer demand either upwards or downwards.
Institutions now have a lot more shares than a few years ago.

[on the up] 25/10/2010 15:21

EI - steady steps just as forthcoming news flow dictates....cool.

I guess you're not asking me about GKN???

lol :->

OTU

[essentialinvestor] 25/10/2010 12:23

The small pause and retrace did not last long.
Anyone seem GKN recently?, looking very good for CGS imv.

[d0ubtf1re] 18/10/2010 18:36

Tried to pick up some more via DMA today no takers all day.

[essentialinvestor] 18/10/2010 10:28

OTU - My Dad tried to buy a few and was quoted £2.70,
so he left it.

[on the up] 18/10/2010 09:54

EI - is that based on struggling to get a quote? And while the bots were busy this morning with the majority of trades being 'AT' I'm not so sure they were all sells as shown on the system.

???

Cheers, OTU

[essentialinvestor] 18/10/2010 09:22

The MM's appear to have very few shares.

[on the up] 18/10/2010 08:59

Welcome 'd0ubtf1re'.

Fair point reference global management of Chinese currency and follow through benefits here.

There is also a fair amount of M&A activity in this sector and enough rumours to go around too. Considering Mr Cooke length of tenure and current age there is either succession planning or something else no doubt challenging the BoD.

Cheers, OTU