Cookson Share Discussion Threads

[robertfaulkner] 07/3/2012 08:10

Anyone wanting to do a little to help Chris Tappin, the 65 year old UK businessman, banged up in a US jail without bail, please please please sign this e-petition to get Cameron to bring up the case when he meets Obama in a few weeks.

Takes less than a minute of your time.

[robertfaulkner] 06/3/2012 09:01

4 of the last 5 trading days have been down

[rwlly] 05/3/2012 10:56

I think we are just taking a break to consolidate the rise,ready for the next move north? Well at least i hope so.

[robertfaulkner] 05/3/2012 08:58

Rwlly, yes it's not looking too good for a burst through 700p, now down to 675p, I hope we are not back to a drop to 400p like Apr to Oct last year.

[rwlly] 01/3/2012 18:45

Robert struggling to get through 700,But once broken should see 800?

[robertfaulkner] 01/3/2012 17:47

Looks as if the 700p is still surmountable, but them what?

A bit of a drop yesterday but there must be plenty of demand as it soon regained it's composure

[robertfaulkner] 27/2/2012 15:50

BBD thanks for posting the Sun Times article, I missed it.

I have a sell order in for my Cksn @ 720p (bought at 527p) with the idea of crystallizing my £7k odd profit for CGT in April and buying back slightly lower in 30 + days.

Now I've read your article I'm wondering if I should remove my limit sell???

(I have hi of day as 709.3p so I wasn't that far short of striking my limit)

[rwlly] 27/2/2012 08:11

Good results,Well worth waiting for.

[bigbigdave] 26/2/2012 07:54

Sunday Times......

Inside the City: Cookson's heart of pure steel
Cookson is an odd one. The FTSE 250 firm is a champion of high-tech British manufacturing, yet only a sliver of its operations reside on these shores.

It employs more than 15,000 people in 40 countries, and makes its crust from a few highly specialised products, like the solders used on circuit boards, and ceramics able to withstand molten steel at more than 1,600 degrees that are used in steel production. Not your typical widget maker.

A growing number of believers think the firm is misunderstood - and of course, undervalued.
Cevian Capital, the activist hedge fund chaired by Lord Myners, is one. It has built a 14% stake in the last four months to become its single largest shareholder.

Peel Hunt, the brokers, last week initiated coverage with a "Buy" recommendation and an 850p share price target. Cookson shares closed on Friday at 670p. Deutsche Bank also upgraded the stock to "Buy" last week. Why this sudden goodwill?

We will get an indication tomorrow, when analysts expect the company to reveal £258m in annual pre-tax profits - a 16% increase on last year's £222m.

They also expect Nick Salmon, the chief executive, to reassure them that the company will hit targets unveiled last year in its three-year plan, which runs until 2013. The company took some lumps in November when it issued a profit warning. Yet it did well last week to sell its loss-making precious metals business in America to Richline, a company controlled by Warren Buffett's Berkshire Hathaway.
And the fundamentals seem to be good. Cookson's business relies on volume of production rather than the price of the end product. The more steel is produced, the more ceramic the manufacturers need, regardless of price. This year global production is set to surge by 5%. Cookson, in other words, is cooking.

[robertfaulkner] 24/2/2012 17:21

SALE OF COOKSON'S US PRECIOUS METALS BUSINESS

TO RICHLINE GROUP, INC.

Cookson Group plc ("Cookson"), a leading materials science company, announces that on 22 February 2012 it entered into an agreement to sell its US Precious Metals business, an operation that forms part of its Precious Metals division, to Richline Group, Inc. ("Richline"), a subsidiary of Berkshire Hathaway Inc.



I think I was guilty of saying "Ceramics business" I don't know where I got it from. I read the RNS at top of this tread and a copy of a bit of it is above.

I don't know what to think now, the ceramics is for the steel industries(I think) and would be good for future growth, precious metals should also be bad to give up, I would have thought?????

[kpoll01] 24/2/2012 16:48

Just for the record it is the loss making US precious metals business that is being sold - not ceramics as previously stated on this thread.

Nice to see some of the big quys waking up to the fact that CKSN is undervalued.

[nobbyx] 24/2/2012 11:44

Thanks RF.

I bought into CKSN in September at 4.50.

It's a company I've always liked but it had a habit of being somewhat volatile. I recall it used to be a bit unfocused but not now.

One thing that persuaded me to paet with my hard-earned was the company web site. It lays exactly what the company does and how and where it makes its money. Thus the business is transparent. Excellent.

[robertfaulkner] 23/2/2012 21:22

nobbyx, welcome to Cksn thread (if you're new to it.)

I agree about Warren Buffet, but if he tries to screw Cksn too much I hope they have get out clause and then either we end up still owning something Warren Buffet wants, which is good, or we get a realistic price, which is good.

Also I wonder if anyone else might now come bidding if Warren Buffet is in the frame?

Anyway another 30p tomorrow and it's over 700p

[nobbyx] 23/2/2012 15:12

It was bought by Warren Buffet. He will not have overpaid.

[robertfaulkner] 23/2/2012 11:26

Always the worry that Cook has done all the hard work slimming down this US subsidiary and now it's going to lose the future profits that the buyers are going to gain. Unless the buyers are just getting rid of competition

Still 700p looks easy at this rate. I have a day high of 682p up 42p

[kazz] 23/2/2012 08:47

Well the market likes it :)

[dizzylizzy2] 23/2/2012 08:43

Fantasitc news about the disposal of the US ceramics business to Berkshire Hathaway. That means a cleaner BS and no more drag on earnings. Would that mean CKSN could incr final dividend? mmm tasty.

[kazz] 23/2/2012 08:32

Certainly would Bob. Would put some of my £7 purchases in profit :)

Cheers....kazz

[robertfaulkner] 22/2/2012 18:11

Deutsche Bank has upgraded materials specialist Cookson (LON:CKSN) to 'buy' from hold and upped the target price to 800 pence from 600 pence.

The firm's first half results are due out on February 27.

"In a sector which we think is now quite fully valued, we find Cookson to be notably inexpensive," said analyst Peter Reilly, in a note.

The above from Broker Spotlight

EDIT 800p would be very satisfying

[robertfaulkner] 20/2/2012 09:56

Look at the little darling, up 22.5p, 3.5% and it's not even 10am yet.

700p here we come

[robertfaulkner] 17/2/2012 17:39

If you look at the graph at top of page, it's been a dead straight line at 45 degrees from 1st Dec, 430p.

Can it get to 700p?

Closed week at 636.6 up 24.6 on the week, a very respectable rise on the week

Maybe it's down to Greece

[kazz] 15/2/2012 14:46

Cheers Bob

Regards......kazz

[robertfaulkner] 15/2/2012 14:39

This should be good for SP


27 Feb 2012
Announcement of 2011 Preliminary Results

[robertfaulkner] 15/2/2012 14:26

I have 18/5/11 as last final so probably around middle on May 2012 for Ex Div