||EPS - Basic
||Market Cap (m)
Real-Time news about Chapelthorpe (London Stock Exchange): 0 recent articles
|tara7: Market cap = price of a London house.!! They only need to make £400,000 for todays share price to = a pe of 10. They could have made 4M.!!! Look at the HUGE turnover and cost cutting.!!|
|dpmcq: He is buying most of his share off inst. so hence no share price movement.|
|zhangzl: Hi Orchestralis
I thought the net book value is just the net asset value in the balance sheet, which at the year end is 14.88 million, comparing to a market capitalization of 7.1 million, representing a discount of 53%.
The umbrella business has been sold out. The rest of the group has never made any significant loss even with "extremely difficult" market conditions. The share price will return to at least the net asset value (7.5p per share) in the mid-term, and in the long term, after the market condition is back to normal, and profit back to 2004 level, a P/E of 10 would drive a more than 10 times increase in share price. On the other hand, I can't see the share price drop much lower at the current level. Definitely a bargain for value investors.|
|maxlenton: From the interims:
Cash and cash equivalents 8,133 Million
Cash per share ratio, is defined as cash & equivalents divided by the number of ordinary shares in issue, expressed in pence (currency being GBP). The formula is as follows:
= (cash & equivalents / shares in issue) * 100
Note: In a healthy industrial company, a Cash per share ratio that is close to the share price might suggest that investors are currently underestimating the worth of the company's ongoing business, thereby creating an interesting investment opportunity.
This equates to a 4.03
In this case I'm not concerned about the debt as the net gearing will have reduced on payment to more acceptable levels for a company going through a re-structuring and the banks are willing to lend.|
|masurenguy: Never invested here - thread relinquished in August 2008|
|maxlenton: Sorry Arthur you are totally correct, I have somehow got my notes mixed up the sucess story I was thinking of was Wlaker Greenbank plc specialist wall coverings and fabrics.
PG takes stake March 2003 share price at rock bottom 6p PG appointed to the board march 2003 resigns from the board 8 months later after stearing path of restructure share price at end of 2003 16p today shareprice 48p.
Similar turnover and property disposal program to the wall coverings division of CPL not convinced that this division is dead although the brollies should go.
If the wallcoverings division is sold WG could be a possible suitor, I understand PG has a habit of trying to sell his company interests between others
Sorry for the confussion.
|maxlenton: Rohkap - Ok so they haven't had a major customer go bust on them in recent years but other than that yes. Back in 2002 there wasn't a month that went by without a profit warning and the only reason the share price didn't collapse to begin with was that there were constant rumours of an MBO that never materialised, the share price shortly after a disasterous year went to 5p.
Why am I investing
NAV is 2.5 the current share price, they have a turnover of 120 million and have maintained this for a number of years its not a flash in the pan. With ruthless restructuring, profitability is achievable especially with 120m turnover to work with. Previously this has been unsucessful because of management but I believe with PG on board this will change, he doesn't take stakes in companies that he can't have influence over.
It maybe a coincidence but PG has recently taken European Colour through a successful restructuring and subsequently they have been sold to Pochtea. The reason I mention this is that EC have similar specialist coatings products dealing with pigments for silk screen printing a mino in comparison to CPL but parallels can be drawn between the trading difficulties with regards to raw materials and capital costs etc.
I realise its a gamble and not one for the fain hearted but I feel pretty positive, if PG hadn't invested I would not be so positive as I don't think the mangement as they currently stand can pull it off.
It will be interesting in the coming months to see if PG takes a place on the board, which wouldn't be unusual! Or takes a more agressive stance to make a return on his capital either way I'm it at the same price so I guess I'm hoping this sweed does better than Sven Yoran Erikson :)
|rohkap: disappointing but dividend suspension not entirely unexpected. Would not be the biggest surprise to lose final divi as well, then shareholders could be looking at a 5p share price level!
Priority has to be to get net debt to under £10mm by year end. They should receive £9mm from property disposals which will be used to pay down a £8.6mm loan, but there have been restructuring charges for the past 2 years which have to paid out sooner or later (about £5mm) plus operating cashflow will be weak again.
It concerns me as well that they have been unable to spend much on capex over the last couple of years and the adverse effect this might have on margins going forward.
Not many positives at the moment, but there should be some easing of raw material and energy costs but based on the way things have been going, dont want to predict how long this might last for!|
|timbo003: I confess, I felt a bit like a turkey voting for Xmas when I voted against the requesitionists. Defeat for the requesitionists meant that a share price fall (in the short term) was inevitable. However, I suspect the share price has more or less bottomed out for now, and we have some interesting developments regarding share ownership. I'm hangin' on in there.|
|tuftymatt: Hello all,
I stated in my last post that I would "pick some more when the price levels out" but due to the sudden rise back upwards I have not been able to act quick enough!!
I have always thought that 2004 was going to be a good year for the CPL share price and what I am seeing of late makes me even more confident.
Keep holding everyone.|
Chapelthorpe share price data is direct from the London Stock Exchange