Cinpart Share Discussion Threads

[renewable] 18/11/2009 18:03

do I have to spell it out.......high profile Govt Agency contract.......went elsewhere.

[renewable] 13/11/2009 00:37

was there a high profile Govt Agency contract up for grabs recently?

[the stockbroker] 12/11/2009 11:21

Having followed this site for the last two years it was Miss Penny Share who first exposed Recklass Rat as the
ex Chairman Patrick Rogers,
(I looked it up this morning posting 222 on the 4th August 2008 )
Sadly he didn't move onto the Rentokil site as suggested but after being exposed disappeared like a rat and turns up again as Redditch needle.
Reading the similarity of his postings they are all negative, destructive and dismissive of management.
He is obviously a sad individual .

On the positive side have you seen how much trading is now being executed on the PLUS markets since they are now quoting all 1500 AIM stocks.There are three times the trades for Cinpart on PLUS than there is on AIM.
The spreads across the board are also half.

[renewable] 10/11/2009 13:39

no contracts = no clothes.

[redditch needle] 09/11/2009 20:44

Try this for progress. Legacy sales slumped 30% in HI 2009 and the cash burn was £ 500k +. Derlite has lost critical mass, is heavily loss making and is effectively worthless. Alpha bailed out of Active Energy this August on a valuation of £ 2.5m and given that Foster was on both sides of the bargain with his Alpha & Cinpart hats on, that presumably was a fair valuation . Cinpart's 72% stake is thus worth £ 1.8m or about 2.3 p per share. Compare the sum of the parts valuation of 0p + 2.3p with the current price of 14p. Then think about the current burn rate, which must have gone up with the investment being poured into Active and the existing business still bricking it. They're going to be out of cash again within a few months; the question is how soon the hat goes round again and at what price? Can they ramp the price in a thin market or will reality bite and the Emperor be seen to have no clothes?

[renewable] 09/11/2009 14:38

contract wins / loses?

[leapinn] 09/11/2009 10:55

Shareprice strengthening nicely again.

Anyone have any specific info on progress ?

[master rsi] 30/10/2009 12:10

Friday, October 30, 2009

Ambrian gives Cinpart 'speculative buy' rating, expects breakeven in 2010

Stock broker Ambrian released an initiating coverage report on Cinpart (AIM: CINP), giving the UK based electrical components producer and supplier a "speculative buy" rating, highlighting the high potential of voltage optimization products that is addressing an extensive market that is at the moment covered by just three players, including Cinpart's Active Energy.

The report highlighted Cinpart's 72% owned Active Energy (AE), the manufacturer and distributer the Voltage Master optimization product, which improves energy efficiency and slashes electricity bills by 13% on average. The broker labeled it a "compelling part of the group," estimating its margin at £12,000 per unit. This business has achieved strong commercial traction since acquiring the technology in March, having won a £1.2 million supply and installment contract with an international retailer.

Ambrian said AE's Voltage Master had a competitive edge over rivaling products, being more robust and tailored to customers' requirements than those of its competitor Power Perfector Limited (PPL), which sold around 500 voltage optimization units last year. Amrbian estimates that if AE reached achieved similar sales, it could be on a P/E (price/earnings) ratio of 2x based on the current market cap.

The total market for voltage optimization tools was estimated to cover 85% of all commercial buildings in the UK, including 18,000 government buildings, representing a market big enough for more than the existing three companies, including AE, PPL and Energy Management Systems.

Ambrian said that while AE wasn't likely to achieve such a high sales level in the next 2-3 years, it could become an "attractive option" for a larger energy management systems provider wishing to enter the market.

Cinpart's two other businesses Gasignition and Derlite, which make components for European gas compliance manufacturers, were projected to break even in 2010 and return to profits in 2011.
The company last traded at 13 pence per share.

Shares in Cinpart have more than doubled over the past 6 months, rising from 6 pence in June.

[leapinn] 28/10/2009 14:27

Yep - sounds positive and forward looking.

SP recovering again today in the middle of the market carnage....

[unionhall] 28/10/2009 07:54

Talking about being able to pay dividends......they must be confident.


"By reducing the retained losses as at 31 December 2008 to GBPnil to the extent
that profits are generated by the Company in the period following that date, the
Company can consider the distribution of future profits earlier than otherwise
would be the case, and in so doing provide greater flexibility to commence
dividend payments should the opportunity arise."

[leapinn] 27/10/2009 12:35

Good to see a few larger investors putting their cash in here. It will reduce the float and add some more confidence........

Today.......

The Company has been notified that, following recent purchases, Mr Timothy
Foster now holds a total of 11,189,117 ordinary shares in the capital of the
Company, equivalent to 14.23 per cent. of the Company's voting share capital.
(an additional 11k shares)



Yesterday.....


The Company has been notified that, following recent transactions, Millstream
Solutions Limited holds 3,603,330 ordinary shares in the capital of the Company,
equivalent to 4.58 per cent. of the voting share capital of Cinpart. 2,500,000
ordinary shares included in the above holding are held via a nominee company.


July....

Mr Stephen Coomes, a director of Active Energy Limited, the Company's
65 per cent. subsidiary, now holds a total of 2,789,655 ordinary shares in the
capital of the Company, equivalent to 3.66 per cent. of the Company's voting
share capital.

[qs9] 19/10/2009 14:39

Any reason for the uptick?

[leapinn] 16/10/2009 16:43

Nice finish - some people obviously decided this had gone down enough and too good an opportunity to miss.

[andrbea] 04/10/2009 14:52

Cinpart operates through a number of wholly owned subsidiaries that variously design, manufacture, source, and supply electrical and other components primarily to manufacturers of gas appliances.



Cinpart is one of the best performing stocks held in the SF t1ps Smaller Companies and now is your chance to meet and quiz the successful team behind it.



Jon Levinson and Chris Lee discuss the opportunities for a Fund Manager to make capital gains in the micro-cap AIM/ EIS market and explain how an EIS is a tax efficient investment opportunity.



The event will be held on Wednesday, 7th October, from 6.00pm in the City. Attendance is strictly limited so to book your seat

email Michelle Levin at: [e-mail].

[ianfellowes] 04/10/2009 11:27

mjcrockett I like the article. It shows the potential of Cinpart.

Thanks and successful trading
Ian

[mjcrockett] 02/10/2009 16:50

There is an article on Cinpart in this month's Aimzine - - registration needed, but it's free.

[leapinn] 21/9/2009 13:29

Looks that way.....

Have heard comment that the next tender may be about £50m. I don't have a take on timeframe.....

[gerri-c] 21/9/2009 13:24

Uninspiring results do not seem to have hampered the turn-around. Hoping to soon see some follow through on Active Energy.

[ls lowry] 18/9/2009 19:22

No one expected the interims to be in profit Atrive energy hasn't come on stream yet. What is more important is the future and CINP's products are about as recession proof as you can get. Just about everyone wants to cut energy costs they are in the right market place.

[mikehardman] 18/9/2009 18:00

thanks for your posts chaps

[ianfellowes] 18/9/2009 00:23

Indeed, Mike it is nice the results are out but they are not going to set the world alight. I guess the key statement I have taken from it is that they have doubled the sales team and interest is higher than first thought. I guess the next year is key!

Time will tell
Ian

[leapinn] 17/9/2009 22:14

Nope the future is the thing....

[mikehardman] 17/9/2009 22:09

results, though nobody seems interested

[afrorich] 10/9/2009 19:10

The contract they get are tenders so their is still the issue of securing the work via presentation. The last their where 4 bidders accepted