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CHLD Chloride Grp.

374.60
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chloride Grp. LSE:CHLD London Ordinary Share GB0001952075 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 374.60 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 374.60 GBX

Chloride (CHLD) Latest News

Real-Time news about Chloride Grp. (London Stock Exchange): 0 recent articles

Chloride (CHLD) Discussions and Chat

Chloride (CHLD) Most Recent Trades

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Chloride (CHLD) Top Chat Posts

Top Posts
Posted at 22/6/2010 17:17 by thorpematt
Still drifting up, so considering we're higher than the bid I would say a higher bid it still the expectation. Patience required.

APAD. CHLD was/is somewhat a "steady" stock. Depends on the balance your portfolio needs to replace it but I wonder if TSCO is a good replacement (looks VERY oversold right now).
Posted at 08/6/2010 15:00 by jugears
Emmerson will have been fully aware that there low offer for Chloride both previously & recently would not be acceptable to Chld share holders & would almost certainly flush out any other bidders, Hence make a low bid first to see what others offer Imo we will probably see a lot higher bid than we expect.
Posted at 27/5/2010 21:49 by thorpematt
Emerson Electric Co. must raise its 723 million-pound ($1 billion) takeover approach for Chloride Group Plc by almost a fifth to tempt shareholders, said an investor in the British supplier of power-protection gear.

Emerson's 275 pence-a-share proposal "materially" undervalues Chloride and doesn't reflect merger savings, said David Stormont, a fund manager at Hermes, which owns about 1 percent of Chloride. Emerson's proposal was 34 percent higher than Chloride's April 22 closing price.

"The ball's in Emerson's court," Stormont said in a telephone interview today. "Something like 325 pence would be a minimum offer to be interesting to shareholders."

Emerson, based in St. Louis, is having a second attempt at buying Chloride, which would provide it with a hub to tackle the European market for power-supplies gear. Chloride management shunned the approach, leaving Emerson to take its proposal directly to shareholders.

Chloride "carefully" considered Emerson's indicative proposal and concluded it undervalued the company, Andrew Hayes, a spokesman for the British manufacturer, said by phone today. His counterpart at Emerson, Mark Polzin, said April 27 that the process had "just started."

Stormont, who has owned shares in Chloride for three years, said he hasn't received a call from Emerson. The U.S. maker of factory controls has spoken with Schroder Investment Management, according to fund manager Andy Brough. He declined to give details of the talks in a May 21 telephone interview. Schroder owns about 3.3 percent, according to data compiled by Bloomberg.

Scott Cagehin of Numis Securities Ltd. in London said a fair valuation for Chloride would be about 340 pence, based on historical takeover data. Emerson first approached Chloride with a per-share offer of 270 pence in 2008.

Prospects

"Management have done very well in positioning the business in attractive geographical locations such as India and China and developing the service offer in particular," said Stormont.

Annual revenue rose 2.8 percent to 336 million pounds and the company said May 24 that an overhaul will save 3.8 million pounds a year in costs. There are positive signs in markets and orders give the board confidence in Chloride's prospects, the London-based company said in a statement then.

Stormont said India's thriving economy and the nation's need for reliable power supplies will boost demand for Chloride's products, which include uninterruptible power supply systems that protect against outages.

Hermes holds the shares in funds including its Pan European Small Cap Companies Fund and its Hermes U.K. Smaller Companies Fund. He invests in U.K. stocks outside of the FTSE 100 index
Posted at 20/5/2010 18:09 by jimbo55
Sold out today. Think the likelihood is that Emerson will hang fire on following up their bid with the significant turn for the worst the markets have now taken.

I wasn't hedged, so decided to protect my gains. I feel/felt Chloride is over-valued at these levels, and only the bid prospect is supporting the price. It's been interesting watching the institutions adding to their hedges over the last few weeks.

Given the trickling down of the share price over the last four days, I suspect the prospect of a further bid is giving way to fear over one not turning up and an accompanying significant fall in the share price

I know when I'm pushing my luck! Now I've sold, a follow-up bid will probably appear in the morning. ;)

Good luck to all still in and holding out for more.
Posted at 26/4/2010 20:54 by kayandpee
Still think there is a little more to come myself , but have taken the precaution of moving limit stop close to the share price .Good luck to all those still holding CHLD .
Posted at 12/4/2010 16:27 by contrarian2investor
THORPEMATT,

As I previously stated I have held these since last March. You will see from the charts above that CHLD share price has retraced somewhat since then but the trend has been steadily upwards. Therefore my humble view is that I will be content with my returns and move onto my next investment should my stop-loss be triggered tomorrow.

I am sure many current long-term holders wish they had sold out prior to the summer of 2008. That is just the journey of investing. I'll take my profit when it arrives, as I probably bought my holding when most would not have considered buying CHLD. All the very best with your investment and I hope you and the other long-term investors also benefit from an eventual takeover.

c2i
Posted at 06/4/2010 10:15 by peaeff
It is very difficult to assess just exactly what has caused this rise in the share price At the time of the last Management Update (Feb) the price was 184p and did, as a matter of fact, fall lower thereafter.

I felt that management gave very little away at that point but on the other hand there was nothing untoward with the content of the statement.

There has now, since that date, been a virtual 20% increase in share price which, in part could be offset by a 12% rise in the F250 during the same period. Perhaps the other 8% can be argued in the light that CHLD was undervalued anyway. The last time the share price stood at these levels was during the Emmerson offer.

So is there any justification in assuming that good news is on the agenda tomorrow or, will a statement, on similar lines to the last one, have a calming effect on the current move north.

Statements such as 'in line with management expectations' are all very well if you know for sure just what those 'expectations' are, i.e positive/negative.

Good luck all for tomorrow.

Regards PF
Posted at 25/1/2010 09:06 by thorpematt
Very impressed that CHLD share price has not reacted on the downside to any dips in the general market the last few days - augers well.

I suspect the results will recieve a positive market reaction. (I was looking for a dip to open a spreadbet).

But no complaints, the chart is looking very nice and I think much more upside to come. Patience is the key with this one I think.
Posted at 01/8/2009 12:12 by peaeff
A bid occurred last year when Emmerson were told to go home and press some different keys on the calculator, at around 255p, so that any new bid started with a figure 3. Since that time it has become a bit of a chestnut and, is a regular feature of the more speculative press comments, generally when a rise in share price takes place.

The problem is that there is every chance that it will happen at some point, and my guess would be that Emmerson will be seeking the balance between, a positive and accepted upturn in the economies in general prior to CHLD share price climbing to past heights.

CHLD does not appear to have taken any backward steps since then, in terms of orders or constant revenue and, the fact that the current management statement was not as bullish as previous ones is very understandable in view of the past 12 months, and the economical outlook in general.

Should be held tightly I believe they will return. AIMHO.

Regards
Posted at 30/10/2007 19:11 by wjccghcc
Unlikely. CHLD share price is driven by institutions and the program trades. Trading volume is usually too large for Retail punters to have much of an effect.

More likely to be institutional demand looking for a reliable 20-30% revenue growth stock in the current uncertainty.
Chloride share price data is direct from the London Stock Exchange

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