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Charles Taylor Share Price - CTR

Share Name Share Symbol Market Type Share ISIN Share Description
Charles Taylor LSE:CTR London Ordinary Share GB0001883718 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -8.38 -2.92% 278.63 270.25 287.00 - - - 9,218 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Nonequity Investment Instruments 122.8 9.6 19.5 14.3 183.52

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Date Time Title Posts
17/10/201517:21Charles Taylor Consulting plc153
27/11/200817:14CTR - The chart says it all - SHORT !8

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Charles Taylor Top Chat Posts

jonwig: What do you make of it, speedsgh? Share price is well below the 238.125p theoretical price following the announcement. Would it be fair to say there will be some share price weakness for a while as the new shareholdings are shuffled about? Had no knowledge of this company, but John Lee mentions it in today's FT. Last year they paid 10.75p in dividends. Must look up what intentions are going forward.
lord gnome: Today's IMS reads nicely - but looks to be more of a 'steady as she goes' statement rather than 'we are burning the paint off the walls'. Progress is progress and it shouldn't do the share price any harm even if it doesn't put a rocket under it. Happy to continue to hold.
lord gnome: Share price making slow but steady progress again. Perhaps we will get some good news with the interims at the end of the month. Things are picking up in the economy, so hopefully CTR will not miss out. A run up to 250 would be most welcome.
lord gnome: Share price continues to pick up :-))
speedsgh: Write up in IC by Mr Bearbull. "... Simultaneously, it has been converting almost all its accounting profits into cash. The cash-conversion ratio of operating profits to cash flow has averaged 86 per cent for the past six years. That's actually quite an impressive ratio and, as free cash per share (the cash theoretically left over for shareholders each year) has averaged about 23p over the same period, it lends credence to the notion that the reduced 10p pay-out should be the platform for future dividend growth. As even that reduced payout generates a 7.4 per cent yield, it does not take much effort to imagine that the floor in Taylor's share price has surely been reached."
wallywoo: Bouncing on a tip from the Independant: http://www.independent.co.uk/news/business/sharewatch/investment-column-valuation-makes-dominos-hard-to-digest-2257809.html Charles Taylor Consulting Our view: Buy Share price: 140p (-19p) Charles Taylor Consulting (CTC), it is worth pointing out, has nothing to do with the former Liberian president on trial at the Hague, and everything to do with the business of insurance. The group started life as a coal merchant in the 1840s before moving into managing the Standard Steamship Owners' Protection and Indemnity in 1885. Today CTC, which listed on the London Stock Exchange back in 1996, has four operations, the biggest of which are management services for mutuals and adjustment services. Revenues were up slightly from £96.6m in 2009 to £99.1m last year, but the company admitted that 2010 had been difficult. Pre-tax profits fell by a fifth to £12.5m and the company cut its dividend in half, saying it needed greater financial flexibility to re-invest. The headline figures in the company's full-year results were in line with the house broker's hopes, though the market did not appear to be pleased and the stock fell to levels not seen since the group listed. That apart, the company's chairman, Rupert Robson, believes good things are in store once the newly announced chief executive, David Marock, takes up that role in the summer. The year may have started slowly for Charles Taylor, with a pretty mixed performance across the board, but trends may be moving in the company's favour. Mutuals are more profitable, there is a more favourable regime in the UK, and business is likely to pick up after the tragic earthquake in Japan. Moreover, with an undemanding forward earnings multiple of less than seven times, we think this stock may be worth a punt.
daz: There really is nothing in the interim statement to make you want to buy the shares. Looking through the operational highlights, no area of the business increased their profit contribution and from reading the outlook statement, future prospects look uncertain. Until there is more tangible proof of a turnaround I think the share price is likely to remain stagnant, so you can't help but think that there are better options elsewhere.
saucepan: What attracted me: Rolling P/E 1 = 8.45 Rolling PEG 1 = 0.32 Rolling Yield 1 = 6.6% Market Cap = £90 million The Company has been growing turnover steadily but significantly since at least 2003 (as far back as my ShareScope data goes). EPS dipped in the period 2007 to 2009, but the 2010 forecast, if met, will be a record, with further strong EPS growth after that forecast for 2011 and 2012. The share price now seems to have momentum from a support level, and I do not see why it could not quickly chase back to plus 400p levels, which have been reached twice previously, on less impressive figures than those cited above.
contrarian2investor: dasv & simon, Thanks. Great charts and research. You have both wetted my appetite and I will now put CTR on my watchlist. dasv, That Updata software looks like a gem of a tool. Are you enjoying it? Is it inspiring you to increase your equity holdings? Yours with integrity c2i ========================================== EDIT: Here is an article I found for you Simon. It could be that some Motley Fool income-seekers jump onboard this afternoon. ========================================== Friday May 22, 12:00 AM Follow The Leaders: Charles Taylor Consulting By Owain Bennallack Those who see director buying as a bullish signal might have noticed the lack of big deals recently. Are boardrooms wary after the strong rally since March? One group who've been buying are directors at Charles Taylor Consulting (LSE: CTR.L - news) (LSE: CTR), an insurance services specialist. Date of deal Director Capacity Share price Spent 8 May Rupert Robson Non-exec chairman 182.5p £30,113 8 May Charles Cazalet Non-exec director 182.5p £27,375 8 May Julian Avery Non-exec director 183p £18,300 12 May Stephen Matthews Director 183p £14,648 On closer inspection, the buys aren't very exciting. At less than £100,000 against a market cap of £70 million, they're not substantial. Charles Cazalet and Julian Avery only joined the board last year, and none of the non-execs are big shareholders. Still, buying, even by non-execs, is more positive than selling, and these directors have highlighted a tempting opportunity for income seekers. Entering the Bermudan triangle Warren Buffett says only invest in businesses you understand, in which case good luck with Charles Taylor. It operates across the globe via dozens of subsidiaries, its single biggest territory is Bermuda, and its activities are dull as well as opaque. If you grasp how it's performing from its results, you probably work there. In essence, Charles Taylor: Provides insurance management services, especially to mutuals organisations in the same industry that self-insure by pooling resources. Has a claims business 'adjusting' in insurance speak that generates revenues mainly through time-based fees. A speciality is big events like Hurricane Katrina. Owns life and non-life insurance companies in run-off. Has just added a fourth support division serving the London insurance market, after a £7.8 million acquisition. The mutual management and adjusting businesses mainly involve shipping, hence the Bermudan connection. Show me the money Charles Taylor is a highly specialised people business with a £45 million wage bill, operating in sectors most of us never encounter. Some say investors are fooling themselves to ever think they can understand a company from its published results, but here there's not even the illusion of an illusion! After two days reading Charles Taylor's annual reports, I'm only a little wiser. Easier to digest are its reported earnings and commentary. The year to the end of December 2008 saw total revenue fall 1% to £80.8 million. Profit before tax was up from £8.3 million to £9.9 million, but adjusted profit declined a fraction, with adjusted earnings per share dropping to 28.67p from 31.76p. Basic earnings per share rose by 8% to 19.9p, and the annual dividend rose 5% to 13.86p a share. Charles Taylor carries significant debt of £31 million. Its assets are mainly goodwill, so no great comfort there, but interest is covered five times. In November it increased its banking facilities to £45 million -- a positive development these days and giving it some headroom, especially for acquisitions. Management reassured early this month, saying the group was "financially robust" and that "performance for the year to date is in line with management's expectations", adding it would look out for additional companies to acquire. Acquisitions are part of Charles Taylor's core business, so I don't see this as a negative. Pension problems The pension deficit may be more of a concern. Just £8 million two years ago, it's ballooned to £24 million as markets have fallen -- a significant liability for a £70 million company. I'm not as worried as many about big pension deficits, provided the underlying business is sound, seeing them as a symptom of two bear markets in a decade. Big deficits should be reversed if and when shares recover, at which point companies may be re-rated. The scheme is closed to new members. Also notable is currency risk, due to exposure to the US dollar. Some of this risk is offset with options, and I'm going to assume management has a better grasp on it than me. Tuck away for income Charles Taylor looks cheap, with a P/E ratio of just 6 at today's 175p, going on adjusted earnings. A 14p dividend for 2009 would equal a forward yield of 8%. The shares cost 440p back in 2002 and again in 2007, before falling to today's near decade lows. Debt has steadily increased. Earnings per share have fluctuated between roughly 22p-32p for five years, and new acquisitions will only help incrementally. And there are many calls on Charles Taylor's income, from debt interest and the pension to a predictably well-paid boardroom. There are also over 1.7 million options outstanding. Still, the company exudes stability. Its origins go back to 1840, and it isn't likely to disappear overnight. Charles Taylor's specialist expertise and contacts would be hard to replicate, and its diverse client base further spreads the risk. The CEO joined the company in 1973, and first held the role in 1993. The big attraction is the dividend, which has been raised every year since the Charles Taylor floated in 1996, as the chairman reminds us in his 2008 statement. At some point earnings will need to grow to maintain that record, but the cheap rating seems to discount the challenge. An 8% forward yield, twice covered by forecast adjusted earnings and rising 5% a year, is an attractive asset to own. I don't expect fireworks, but I've bought a few to tuck away in my income portfolio. More from Owain Bennallack: Just in case you skipped the last sentence, Owain owns shares in Charles Taylor.
simon gordon: Negatives: ~Net debt - £30.6m + Axiom. ~Pension deficit - c.£20m. ~CTR have not actually warned on profits, just skillfully managed down expectations - hence share price has gently fallen since '07. ~Mutuals for the public sector could drag on for years. ~Axiom could turn out to be a dead duck. ~Dividend yield too high, could it be cut or frozen in the future? ~Management aren't getting much traction with top & bottom line growth. ~Is the business so specialised that they're not a suitable take over candidate - no bid premium in the price? ~Share price looks knackered, chart ready to keel over. ~Share is illiquid. ~Doesn't seem to be much Fundie interest. ~Do they need a fresh CEO to reinvigorate the culture and accelerate growth? ~Is this just a stagnant share that is under the radar, has a flaky capital structure and can't get growth moving?

Charles Taylor Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 5,115 271.50 25 Nov 2015 15:16:24 GBX

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