Chamberlin Share Discussion Threads

[my retirement fund] 26/11/2015 11:14

Interesting article seems to have been written with someone wearing rose coloured shades imo.

"The board rules out the need for a placing....plenty of headroom in banking facilities which they remain comfortable" SURE UNTIL THE BANK IS UNCOMFORTABLE! ...NOT THEY, SHOULD READ "THE BANK CURRENTLY REMAINS COMFORTABLE BUT IT ONLY TAKES A PHONE CALL! (TRYING TO SOUND AS IF THEY ARE IN CONTROL, THEY AREN'T!)


"Worthy of keeping tabs on, particularly if it is able to announce some meaningful contract wins in the new year"

HMM WHAT MEANINGFUL BUT WHICH DON'T HAVE MARGIN IS THE ORDER OF THEY DAY, LOOK AT OTHERS OUT THERE AND LOOK AT THE OVERCAPACITY AND THE DEFLATION

[my retirement fund] 24/11/2015 08:24

Ooooh look.....

Oil and gas and mining sectors all contributing to the profit warning are was I was alluding too coupled with weak Euro (Sterling strength) with some other garb thrown in to boot.

Precisely what I had posted about in July and in my post #381 11th Nov.

The only thing not there is the VW sales slowdown affecting the car market, however todays trading update is a serious profit warning.

Simply put they are going to need to increase output to full tilt maximising capacity and flog all their goods at cut price to compete out there in the market if they are expect to break even anytime in the next year or two. If not they are looking at tapping shareholders further or calling in the administrators.

I think you need to do a bit more research Zoolook !?

[zoolook] 24/11/2015 08:16

Bit disappointing but not a disaster. Outlook rosier. All eyes on Walsall foundry next year for growth. Before MRF jumps down my throat I was thinking about the foundries re O&G. Forgot about Petrel.

[hastings] 21/11/2015 11:22

Hi zoolook, speaking with the CEO on Monday morning, so will add some thought and comment following on from that.

[zoolook] 21/11/2015 08:51

Oil and Gas is not significant for them. In fact it may be an advantage for them if there is spare capacity and pricing pressure on their sub contract machinists. Update next week. Looking for evidence that slow turnaround and reversal of trend under new management is continuing in face of difficult times for uk manufacturing That is the story here. Not sure what your story is with alarmist throwaway comments

[my retirement fund] 20/11/2015 22:50

On another note the spare capacity by others whos main customers were oil and gas are now actively looking for work in other sectors. Huge competition = massive margin squeeze.

[my retirement fund] 20/11/2015 22:47

Chamberlin & Hill Castings Ltd produces Grey Iron , all grades of SG / Ductile Iron and Austempered Ductile Iron and supplies finished machined components for Turbines, Transmissions, Oil & Gas Compressors.....etc

[my retirement fund] 20/11/2015 22:42

Caparo when bust, administrators have managed to save some of it !

[zoolook] 11/11/2015 23:11

They do not supply the Oil and Gas sector

[my retirement fund] 11/11/2015 16:51

Well I guess the next set of excuses will be along the lines of prolonged serling strength and Uro weakness coupled with the VW scandal and perhaps some other stuff thrown in toboot (probably to do with oil price and layoffs in the producer arena)

[my retirement fund] 29/7/2015 12:04

With the ever increasing strength of sterling this is really going to have to sweat it to make any progress from here that's for sure.

Short to medium term it does not look like sterling is going to get any respite either with Carney forever talking up the pound and Europe fighting inflation and prolonged Euro weakness.

[redartbmud] 17/7/2015 21:42

top


Most of the IMS that I have read in recent months have said exactly the same.

red

[topvest] 17/7/2015 21:28

Always wary of a weak H1 and the promise of a strong H2 to meet current market expectations. Profit warning in H2 a moderate possibility?

[redartbmud] 17/7/2015 07:49

CHAMBERLIN plc

("Chamberlin" or "the Group")



AGM Statement



Chamberlin, the specialist foundry and engineering group, will be holding its Annual General Meeting today at which Chairman, Keith Butler-Wheelhouse, will provide the following update on current trading:



"The first three months of the new financial year reflect the overall subdued performance anticipated at the time of the publication of the Group's final results on 19 May. This includes the impact of the current weak euro. Nonetheless, the Group continues to drive continuous improvement and lean manufacturing, and volumes are expected to improve in the second half of the financial year to March 2016. As a consequence while the Board anticipates a soft first half, it expects the Group to deliver financial results for the full year in line with current market expectations."



Le Grand Fromage est abbattue.

[my retirement fund] 19/5/2015 16:06

Indeed, one thing noted. There was no real reference to reduction in input costs in the statement, having got his feet firmly under the table its mostly about sterling. However the reality of the matter is that this will have a major positive effect on the bottom line come 2016 results.

Whilst I have sympathy with them having had to live through 2 years of the BOE constantly talking sterling up threatening to raise interest rates almost daily. I wonder if the new style is of over delivering but under promising. That would of course be a welcome departure from the old guard.

I see its very hard to buy any here today, wonder if there is a larger buyer lurking?

[spooky] 19/5/2015 15:50

IF they make those numbers then they are definitely going to go up.

[my retirement fund] 19/5/2015 15:33

Thanks hasting interesting article. So going by that forecast underlying EPS growth from 7.2 to 11p is 50%

PEG here is way below 1, the share price is going to have to rise somewhat.

[hastings] 19/5/2015 13:00

May be of interest to others taking a look.

[spooky] 19/5/2015 09:06

Debt/pension fund deficit balanced by assets, but it looks as though trading is going to be difficult for the foreseeable future because of competition from Euro based companies. Without a dividend it's difficult to see how the shares are going to perform unless you believe in meaningful sterling weakness or a bid from out of the blue.

[redartbmud] 19/5/2015 08:39

ça alors!

[my retirement fund] 19/5/2015 08:38

Given the fall into the leadup it could be a lot worse but it wasn't and seems on the whole in line.Ok there's not a magical pot of gold in the pipe line but to be fare it looks reasonable value.

[foxman14] 19/5/2015 08:25

Looks likes full recovery is further away than I envisaged so out for now.

[redartbmud] 17/4/2015 19:18

Le Grand Fromage est perplexe.