Chamberlin Share Discussion Threads

[lufc5] 05/12/2012 14:48

Caught smoking behind the bike shed....
;o)

[electronica] 05/12/2012 14:46

coolen

Encouragingly it's nothing to do with finance or trading.

Must be a "personal" matter.

I've bought more at today's v low prices.

[coolen] 05/12/2012 14:39

Finance director suspended.....any knowledge ?

[rivaldo] 27/11/2012 07:57

Hmmm. 8.9p underlying EPS at H1 leaves a lot of work to do to reach this year's forecasts - possible downgrades?

It's a respectable performance, but the outlook confirms the slowing environment. Turbochargers are a great opportunity, but won't I think produce material gains in this 6 months to come.

Overall then the current price is probably correct or a little high imho given the uncertainty over the next few months.

CMH will remain on my watchlist for the future, but I can't see the share price going anywhere fast for a little while. Might be wrong though!

[owenski] 16/11/2012 15:39

What location David

[apad] 16/11/2012 15:37

Not sure what that means but, Yes.
apad

[davidosh] 16/11/2012 15:33

I do not have a holding here but I have been offered an institutional style presentation on the 28th November immediately after the interim results are released. Anyone interested ?

[rivaldo] 16/11/2012 13:49

I sold mine a while ago to take profits given the deteriorating state of CMH's markets, even despite the likely turbocharger progress (hence the lack of posts!). Fortuitous timing.

Today's profits warning from CGS highlights what could be happening for CMH. Better to be safe than sorry methinks.

[ianms2012] 16/11/2012 10:17

From Digital Look.

[ianms2012] 23/10/2012 13:39

Hi, new to this board and have been researching this company since the last trading update. I looked at a P/E ratio of 10.25 and calculating the PEG Factor of only 0.06 With their past pre-tax profits of 1.4m from a previous of 0.33 the value to market cap around a multiple of 10.

Taken all this into consideration and the healthy trading statement I think this share is very undervalued.

Maybe I have missed something or calculated wrong. I will continue to research

But I have a good feeling on this and as such bought in over market size at 1627 shares @ 180.8p, and will wait in anticipation for the results end November.

[rivaldo] 15/10/2012 07:33

Healthy trading statement out today, with expectations in line with management expectations (same wording as last year), i.e the same or more than market expectations of 19.8p EPS this year, a P/E of only 9.46.

CMH also highlight strong cash generation, so they must be getting close to a net cash position at the half-year:



Results out next month will provide more background as to the growth of the turbocharger market etc.

[rivaldo] 12/10/2012 09:10

CMH's other main turbocharger customer as above, ICSI, have been expanding:



"ICSI expands
The expected investment for machinery and equipment is approximately 50 Mio € and will partially be subsidized by the region and the country.

CEO Jörg Steins says "The increased demand for more efficient engines accompanied by the excellent quality of our products as well as the attractiveness of the location have convinced our customers and shareholders - once again."

With the expansion of the Ichtershausen plant and the consolidation of the Cernusco Lombardone (Italy) plant ICSI is well prepared for its growth in the future and the related challenges."



"ICSI expands its competitive advantage
Since March 2011, selected customers have been testing the new generation of Mixed Flow Turbines. This new development, that enables a higher turbocharger rotation speed, has allowed ICSI to further expand its competitive advantage in the field of charging up turbine technology."

[rivaldo] 10/10/2012 11:37

CMH provide turbocharger castings to two main customers, Borg Warner and IHI Charging Systems. I was therefore interested in these excerpts from Borg Warner's most recent Q2 results to 30th June:



"net sales were up approximately 7% as a result of increased sales of engine timing systems, including variable cam timing products, greater sales of emissions products and the growth in turbocharger technology adoption around the world."

"BorgWarner is providing its leading turbocharging technology for Build Your Dreams (BYD) Auto's 1.5-liter gasoline direct-injection (GDI) engine, the first developed in-house by a domestic Chinese company. BYD Auto recently launched the engine in its G6 sedan, the top-selling mid-sized sedan in China's domestic market. The fuel-efficient engine featuring BorgWarner's turbocharging technologies is also available for other models."

Borg Warner Turbo Systems also won the Porsche Supplier of the Year Award in August

[rivaldo] 09/10/2012 16:02

OT : hi Moorsie. I still follow FDP and think it's a brilliant company. In fact, I was casually thinking of buying some when it was stuck at around 475p or so...and then it went up :o((

I'm a little in two minds about its short-term prospects, with banks and institutions globally cutting back on personnel and spending. It's a two-way thing however as regulatory control is increasing all the time, as are trading speeds, so the necessity for FDP's services is increasing.

I'm not sure how much upside there is from 510 given 36p or so EPS forecasts, so won't be buying now. I could well be wrong! It's a great company though and will undoubtedly be fine over time imo. Good luck with it.

[moorsie2] 09/10/2012 15:46

Rivaldo - whats your view on your old holding FDP? Ready for break out I think

[rivaldo] 09/10/2012 15:04

With the share price just about at new highs, saying it "needs to move" is a little impatient imho :o))

Much depends on the imminent update. Following past statements I'm hopeful it will be good.

[nickjoseph] 09/10/2012 12:54

yes, surprising for such a low purchase. These do need to move. Couple more pence and they are on breakout.

[rivaldo] 09/10/2012 12:36

It's good to see the share price up 1.5p purely on a 5,320 share buy at 188p.

[rivaldo] 03/10/2012 11:03

Maybe Electronica - it's only 8 days till the trading update on that bais though, so not that far away!

It's worth re-stating the bullish AGM statement from July as regards the general outlook:

""In my first AGM statement as Chairman, I am pleased to report that the Group's trading in the first three months of the new financial year has been in line with management expectations and the Group remains strongly cash generative. This is particularly pleasing given the wider macro economic situation.

As we previously reported, the Board's focus remains on increasing sales and improving Chamberlin's operational performance and we continue to make progress in these areas. In line with strategy, we also continue to look for suitable acquisitions to complement organic growth and I look forward to updating shareholders in due course."

[electronica] 03/10/2012 09:54

Trading Update wasn't until the 11th last year - so might be a bit premature anticaping that.

News leaking on a long awaited acquisition perhaps?

[rivaldo] 03/10/2012 09:01

Activity here prior to the trading update....

[rivaldo] 01/10/2012 09:16

This weekend's Sunday Times stated that the new Renault Dacia Sandero, on sale in January, will "incorporate the latest engineering developments, including advanced three-cylinder turbo-charged engines".

Turbochargers are now infiltrating the mass market.

[rivaldo] 27/9/2012 15:44

Noteworthy article in the Times today about the renaissence of the UK car industry:

- Britain will produce 2.25m vehicles in 2014, easily a record
- £6 billion of investment is earmarked for the sector
- it's a £3 billion opportunity for UK suppliers
- the number of vehicles produced will increase by 60%, or more than 800,000, in 5 years

[rivaldo] 25/9/2012 12:49

Latest forecasts for CMH are 19.9p EPS this year and 22.6p EPS next year, with 3.5p and 4p dividends respectively.

Last year's trading update was 11th October, so not long to wait.