Charter Intl Share Discussion Threads

[cockneyrebel] 22/7/2010 10:59

large reverse head and shoulders forming here imo.

CR

[sunshiner] 15/3/2010 12:14

12/3 Goldman upgrade - target price 1100 from 905

[togglebrush] 21/2/2010 11:34

Press FT on the Accounts



Concludes

* FT Comment

Unsigned accounts marred what should have been a satisfactory day for Charter's management. In spite of the tumble in sales and profits, compounded by restructuring costs, Charter ended the year with net cash of £51m (£52m). And the company, which for much of the past decade paid no dividends , felt able to edge up its final pay-out from 14p to 14.5p, giving a marginally improved total for the year of 21.5p (21p). A terrible year at Charter's main ESAB business forced wholesale job cuts as operating profits fell from £147m to £64.5m. But even here, Charter is starting to "put a few jobs back on" amid signs of a sustained, albeit weak, recovery. Investors can expect to profit from recovering sales and a steady dividend this year.

[togglebrush] 31/1/2010 09:39

From The Times
January 30, 2010

extract ... concludes

Overall, Citigroup believes there is "limited" scope for share price falls among UK engineers and thinks the forthcoming full-year results season should be strong. Its preferences are for Charter, Cookson, IMI, Morgan Crucible and Smiths. Bodycote, whose shares it thinks fully valued, is its only "sell".

[kibes] 26/10/2009 12:45

Who are the people buying/selling tiny amounts of shares all the time? Like a recent trade of 2 shares for example. Is it people trying to manipulate the price through AT trades in the order book?

[volsung] 03/9/2009 13:02

Always the way. Stopped out at 562 yesterday then nice recovery today. Sometimes stoplosses are a pain in the ass.

[gunther1] 04/8/2009 14:17

I'd fancy some at £5 which is a fair price given the profit warning just under 2 months ago. At the same time the outlook has improved somewhat given the upbeat (not quite as bad) economic data recently.

[monsta2] 04/8/2009 12:59

yep looking for 550 at least

[gunther1] 04/8/2009 09:40

CHTR now back to where it was before the profit warning. Had a beautiful run over the last couple of days, just sold mine for a nice profit, thanks!

Might buy in again after it's pulled back.

[cambium] 30/7/2009 10:06

back in today

[steeplejack] 30/7/2009 09:56

ADVFN decided in their wisdom NOT to draw our attention to these interims.Look at that cash flow!


RNS Number : 5413W
Charter International PLC
30 July 2009




Revenue

846.2

899.8

-6.0%


Adjusted operating profit1

66.3

108.1

-38.7%

Operating profit

51.3

107.4

-52.2%

adjusted profit before tax2

63.7

109.6

-41.9%

profit before tax

39.5

104.6

-62.2%

Cash flow from operations

106.6

38.7

+175.4%


Earnings per share
Basic
14.6

47.9

-69.5%

Adjusted2
28.5
51.0
-44.1%

Dividend per share
Interim
7.0

7.0




1 before exceptional items, acquisition costs and amortisation and impairment of acquired intangibles and goodwill
2 before exceptional items, acquisition costs, amortisation and impairment of acquired intangibles and goodwill, net financing charge on retirement benefit obligations and net losses on retranslation of intercompany loan balances
- Strong cash flow from operations of £106.6 million
- Solid funding position with net cash of £62.1 million and undrawn committed bank facilities of £145 million
- Adjusted earnings per share of 28.5 pence
- Interim dividend maintained at 7 pence per share
- ESAB operating margin of 6.6 per cent (2008: 13.6 per cent); revenue of £540.8 million and operating profit of £35.7 million (before
exceptional items)
- Rapid restructuring underway in ESAB to save over £50 million of operating costs in 2009
- Howden order book at 30 June 2009 of £536 million
- Howden operating margin of 11.5 per cent (2008: 11.1 per cent); revenue of £305.4 million and operating profit of £35.2 million
- Revenue and operating profit have benefited by 15.8 per cent and 16.3 per cent respectively from movements in exchange rates

Michael Foster, Chief Executive, commented:

'Charter has demonstrated the fundamental strengths of both ESAB and Howden during this difficult period.

[volsung] 15/7/2009 13:36

Looks like a trend change on the cards. Could move up nicely

[romantic rambo] 15/6/2009 15:48

lots of buying going on today

[romantic rambo] 12/6/2009 13:50

listen to conference call Charter are still paying divi,while alot of companies are not

[bluebelle] 12/6/2009 13:15

Agree : can't see that it will be possible to maintain the divi given this announcement

[blueliner] 11/6/2009 20:57

Also threw in the towel yesterday, don't like out of the blue profit warnings & expect divi to be cut

[bluebelle] 11/6/2009 17:35

steeplejack - 11 Jun'09 - 16:12 - 2299 of 2300

I must admit I'm still a bit pessimistic. I think a lot of stocks are still valued on the basis of old forecasts and P/Es based on current P and historical E ! I think there are a lot of downgrades - and resulting price adjustments - to come.


Romantic Rambo - 11 Jun'09 - 16:33 - 2300 of 2300
so top up while you can at these levels

...er....No !!!

[romantic rambo] 11/6/2009 16:33

still a very strong company with net cash of £43m
so top up while you can at these levels
still hard times but the worst is over

[steeplejack] 11/6/2009 16:12

I can't argue with what you're saying.I hoped we were reaching a point in the market where we didn't have to suffer the 15-20% ratchet down in stock price on the back of updates.Wishful thinking.This is my only industrial so i'll hold the balance for now.

[bluebelle] 11/6/2009 12:59

Cookson is irrelevant to me - don't hold, don't follow it - I'm solely, or was, interested in this.

My point is that you won't know it's warts and all, or rather whether you've seen all the warts, for some time and, if the history of this sort of thing tells me anything it is that bad news is followed by at best a period of limbo and at worst by more bad news. Either way, I've sold : no point in holding a share and complaining about the management. The management is ultimately what you're buying and if you don't like them : sell, IMHO

[steeplejack] 11/6/2009 12:08

I'd rather have a warts and all update like this-albeit they were too sanguine earlier-than the wing and a prayer that accompanies a rights issue from Cookson.Sold some of my holding a quid higher.Not inclined to buy back.