Chelford Share Discussion Threads

[pc4900074200] 23/5/2006 15:42

Bernie – your right in what you say but, and there is a but?

Looking back I find that it's not three but four years that
I have held CHR and what we are going through now has
been repeated time and time again. The share is walked
down before each result and when reasonable results are
released and a few buyers step in the price returns to where
it was pre-results. This share has made no headway in
several years. I bought back at 00:009p and the gain I made,
100%+ I have been just about holding onto. My time was
back then, I should have moved on to another stock.

For this stock to be able to propel it's self through the 3#
and hold that position is a long way off. IMHO.

Long term holding is my trading style but one begins to
query if holding after a large gain only to see it dwindle
lower as each year progresses was the right road to take.

I am not in a position to continually add, having now set
a limit on what I will put into stocks. So if I am to continue
playing the game I think I need to change trading style.

I have a reasonable amount tied to CHR and releasing that,
coupled with now having the ability to sit at a monitor all
day to day-trade, is looking more attractive as each week
progresses.

The blood-bath the market is going through has seen my
long term portfolio decimated and that is what is behind my
thoughts ATM.

Companies with large amounts of shares held by employees
and Directors show little movement or gain for PI's. They
are gaining a return as they are paid a wage. Where as, PI's
that are on the outside need some incentive to continue
their support of that company.

This, IMHO has been sadly lacking in the last year or so
regarding CHR.

It remains to be seen what this years results bring.

pc

[bernieboy] 23/5/2006 14:31

PC - I know what you mean but many of the best investors - like Mr Buffet are very strong on points like not selling a good share just cos you are fed up of waiting for it to realise it's true value. It will come good at some point - with continued good trading it must do! Keep holding and dont regret selling too early....£3 will look a bad deal when it is £4.5 even if you had to sit tight for another six months or whatever. Having said that - it is tedious and the share price doesnt deserve to be this low currently imo. Although I wont be selling - I think a temporary barrier to quick rises will be holders like yourself wanting to get out because they are fed up of waiting!
Let us know if you do get out.
Cheers
Bernie.

[pc4900074200] 23/5/2006 13:24

Bernie the shareholder base is not that large,
many are held by dirctors and staff of CHR.

I do feel that post consolidation with the point
of consolidation being to steady the share base
these MM's games of 'hitting' the share price
hard on a minuscule amount of selling, tedious.

1,500 shares sold and they drop the share by 2.6%.
[Now 4,512]. They have been dropping this share over
the last few week and later in the day up come's a
larger buy that was placed earlier in that day.
Not marked as a late trade just added to the list.

To me showing that they dont have any shares in reserve.
Having held for three year's, even on the prospects of
3# or 4# I think that I will be out on the next reasonable
rise. To see the share gain a reasonable amount only to
see it time and time again be eroded back down on very
little trade, is as I have said, tedious.

If there was a dividend paid then may-be I would consider
holding, but this is now just wobbling around and I am
sure that I could find a better home for my investment.

Hopefully this years results / or build-up to, will give me the
exit point I am looking for.

pc

[bernieboy] 23/5/2006 12:54

Surprised to see us heading back down so much again. I think the good thing is that volumes have been low lately - most of which have been buys. I think most investors in Chelford are very happy with the company's progress, are not so bothered by day to day movements and are in for the long term waiting for the £4+ days to come. Nice to see that there are not loads waiting to jump ship as I have noticed with many other shares recently.....

[money4me] 20/5/2006 14:10

pretty much near the bottom of the trading channel - next move up should be £3+

[pc4900074200] 16/5/2006 13:07

Again we see the large trade [bought] @ [08:59]
unmarked as a late trade [shown after 10:43].

Again the bid has been hit to encourage people
to sell. The MM's are treading water, just about
covering their deals with shares bought from weak
holders.

pc

Edit: Roll-on a trading statement or RNS.

[money4me] 15/5/2006 19:15

always good to see that when it moves it does so with conviction

[pc4900074200] 15/5/2006 18:22

This is not the first time that there
has been a large trade , and I believe
[T] trade, go through after a large drop
in the share price

IMHO the MM's are so short of shares that
they are staging these drops to cover any
large buy order. Covering themselves with
a [T] where it is in fact a late trade.

Time will tell. If they are hit with a very
good RNS and there is any buying in bulk they
will not be able to hold it back.

AIMHO. Please DYOR.

pc

:-]

Remember NMS is only 500.

[bernieboy] 15/5/2006 17:06

Nice positive recommendation - good spot Tole.
Somebody picked up 5000 shares at £2.85 after the drop.....

[tole] 13/5/2006 16:46

Nice bit of press regards Chelfords SSI TROPOS system...



Axminster Carpets Achieves Substantial Savings with New System

Axminster Carpets Limited is one of Britain's best known quality brands, and one of the world's premier carpet manufacturers. With a steady turnover of around £30 million a year and around 600 employees, Axminster Carpets is a private company that maintains its quality reputation with tight control over its commercial levers and costs.

It was this drive to keep control over the business in house, cost efficiently, that led Axminster Carpets management to implement the full scope of the TROPOS system from Chelford company SSI. After one year, the company has achieved substantial savings in yarn wastage at its Axminster manufacturing plant, and carpet stock management has improved significantly.

The company identified potential suppliers with experience in the carpet industry, and made contact with SSI as they had installed TROPOS at Brinton Carpets in the Midlands and Cormar Carpets in Bury.

According to Finance Director, Tony Biggs, Axminster Carpets chose TROPOS over its competitors for three main reasons. "We wanted to be able to develop the system as we needed to, in house, without relying on the supplier all the time. TROPOS gives us that ability through SSI's software development toolkits. Secondly, we wanted to have a cost-effective route for future upgrades taking advantage of SSI's continual software development. The third reason was because it offered a total solution that we could roll out across the Group, enabling us to consolidate information with commonality across all processes, from wool purchasing to delivery of finished product."

Axminster Carpets has laid a firm foundation for the future based on TROPOS. Tony Biggs adds "SSI is a very professional outfit and TROPOS offers us the potential to manage efficiently all Group operational activities in a cost effective and uniform manner in the years ahead."

[silverfern] 11/5/2006 21:41

It seems the share price is not inexorably linked to performance - in Jan 2004 we had the same share price as now, and no dividend in that time, so it 's dead time for the money, ie you could have sold at those levels. Of course if you bought at 130p around Xmas 05 you're quids in. That's the ups'n'downs of shares; but there's no consistent reflection of performance ni the price - I'll watch fomr the wings for now and good luck

[Abuse team] 09/5/2006 22:49

Post removed by ADVFN

[this_is_me] 09/5/2006 22:28

I am also keeping all of my fair sized holding. The company is making excellent progress and eventually the share price will reflect this.

[tole] 09/5/2006 16:55

Well am still holding tightly onto all of mine - they can have them for £4.50.
Actually tempted to add afew more if it drifts down further.

Interesting broker article by Hardman recently on Touchstone (TSE) similarly under-rated. Highlights the discount to be had imo (trading single figure PERs)

2006 PER, 2007 PER

K3 8.6, K3 8.0
Sanderson 10.0, Sanderson 9.0
Chelford 10.3, Maxima 9.1
Maxima 10.4, Chelford 9.4
Touchstone 11.0, Touchstone 9.5
Computerland 12.6, Charteris 9.8
Alphameric 13.2, Computerland 11.7
Charteris 14.1, Alphameric 13.2
Systems Union 15.5, Computacenter 14.6
Computacenter 17.6, Systems Union 14.9
LogicaCMG 18.2, LogicaCMG 15.2
Sage 20.7, Xansa 18.4
Xansa 23.2, Sage 18.7
Axon 25.6, Axon 21.6

[pc4900074200] 09/5/2006 16:22

There's the cause of the shake?

Trade 3. 606N81EF06 09:52:14 - 5,000 shares bought.

A late trade, unmarked as.

They must be short of shares.

Any news and I think this will see 3# off.

pc

[pc4900074200] 09/5/2006 15:16

If I remember rightly, it was said that a
consolidation would bring stability to
the share.

I don't call 10% bounds stability.

pc

Edit: And the movements in most cases are down.

[silverfern] 09/5/2006 13:48

They were my last tranche I'm afraid, having sold my main holding last month. Out with profit but frustrated; I think this otherwise excellent company needs to spend a bit of time waking the market up. And the fact that the share either moves in 10% bounds or not at all doesn't help.

[pc4900074200] 09/5/2006 09:20

Here we go again. A drop of 00:015p on 858 shares sold.

MM's testing the water? Trying a little shake?

pc

[money4me] 05/5/2006 14:53

who wants some

[tole] 28/4/2006 11:34

Fourth time lucky?
L2 2v1 290-297

[money4me] 27/4/2006 23:13

think it's will be time to push ahead of £3 this time and take a good step towards £4

[this_is_me] 27/4/2006 15:29

Another test of £3 looking likely.

[tole] 27/4/2006 13:59

Approaching recent highs - maybe still on for that breakout. Ticking up on every small buy of late - get the feeling they are filling a large order in the background.

Online limits you can only get 2.5k @ full offer but sell 15k @ a penny premium on the bid.

[bernieboy] 27/4/2006 12:33

Good to see us heading back up in the right direction!!

[silverfern] 27/4/2006 08:18

yes, I've just read my copy - they are cautious by nature and very rarely write as they do here 'Strong' buy.