Cradle Arc Share Discussion Threads

[tiltonboy] 27/3/2015 17:22

timmbo,

No, just the one lot. Have been contemplating adding for a time, and missed the lows, but happy to average down at these levels.

Not turned out how I dreamed, after investing the best part of 20 years ago, but they look worth a punt on fundamentals.

[bullster] 27/3/2015 16:37

I posted about "off book trading" going on, from September '14 onwards, when our Istitutional Investors managed to swap 52 million shares between hemselves.

This caused the same share price anomalies as we are seeing today.(see Paulgo 27 Mar'15 - 13:48 - 203)

The last time, it was "dark pool liquidity" in the background, shares that changed owners without we private investors knowing about it, II to II. This time I suspect it's Broker to II, ahead of April 14th results.

[timmbo] 27/3/2015 16:35

Was the other 200,000 and 500,000 yours?

[tiltonboy] 27/3/2015 15:57

timmbo,

That was mine!

[paulgo] 27/3/2015 13:48

This morning you could buy for 4.3 and (strangely) sell at 4.374. Currently it's buy at 4.324 sell 4.25 (with Halifax)

[michaelx105] 27/3/2015 12:58

I take it some of these 'sells' are in fact 'buys'. To sell now would be mad given the companies recovery mode...although I do get that there are other stocks we are all looking to get into and will, therefore, be prepared to take a loss here for a gain elsewhere.....

[kilgallp] 27/3/2015 10:42

Well, it's the most positive news we've had for some time.

GLA

[pjb_1972] 27/3/2015 09:02

Just being realistic.

[timmbo] 27/3/2015 08:47

No pleasing some I suppose

[pjb_1972] 27/3/2015 08:44

10p? Good luck with that then.

[regandharry5] 27/3/2015 08:10

I'll sell mine for 20p.

[cliffpeat] 27/3/2015 07:58

As ever, we have to read between the lines to try and judge the financial effect of today's announcement.

Might we deduce:

1. Major cost savings are or have been made following pulling out from the gas/oil recovery activities?

2. That the "consultancy" income will cover ongoing costs at or near break-even?

3. That £500k+ royalty income is a considered and conservative number worked out with Spirax.?

What we don't have is guidance on the overall impact on the group's net income/loss or a time-table. Nor any "results" from the superseded 2012 agreement.

[timmbo] 27/3/2015 07:49

IMO we should be 15-20p.

[timmbo] 27/3/2015 07:47

We have a mkt cap of 18mill. PLENTY of room for that to double now.

[paul the octopus] 27/3/2015 07:42

10p would be nice today if it get there

[timmbo] 27/3/2015 07:35

That is a long term sign of confidence in the company. Hopefully a reverse of the share price as well.

[regandharry5] 27/3/2015 07:23

10p here we come

[timmbo] 27/3/2015 07:18

Well I never!

[paulgo] 27/3/2015 07:02

RNS Number : 6241I

Corac Group Plc

27 March 2015

27 March 2015

CORAC GROUP PLC

("Corac" or the "Group")

Ten-year commercial agreement with Spirax-Sarco Limited

Corac, the specialist engineering group focused on the aerospace & defence and energy & process industry sectors, today announces it has signed a ten-year, exclusive, global licensing and manufacturing agreement with Spirax-Sarco Limited ("Spirax"), for packaged steam products containing Corac micro-turbines and compressors. Spirax-Sarco Limited is a subsidiary of Spirax-Sarco Engineering plc, a world leader in both steam system management and peristaltic pumping.

Under the terms of the agreement, which supersedes the joint development and licensing agreement announced on 15 November 2012, Corac will license its patented micro-turbines and compressors to Spirax for integration into a number of their packaged steam products for sale across their global customer base.

Corac's micro-turbines generate usable power from steam that is already used as a heat source in diverse industries such as food & drink, paper & packaging, pharmaceuticals & chemicals and as the primary heating in large buildings such as office blocks, hospitals, hotels and universities. The result is low carbon energy that is more efficient to produce than through conventional steam turbine systems, and can either be used locally or sold back to the grid.

Initial income will be generated through consultancy services to establish a manufacturing supply chain and support Spirax's global roll out and through the technology transfer process. In addition, there is an option for Spirax to commission Corac to manufacture and assemble initial units to support launch during supply chain development. Long term income will be derived from Technical support to Spirax engineering teams for ongoing service management.

Once production is established, Corac will receive royalty income for its equipment sold in packaged steam products. This is anticipated to be in excess of GBP0.5m per annum, and having a direct impact on operating profit. Royalty income is expected to rise from this level as the technology/products are adopted, and sales grow as they are introduced across Spirax's international customer base.

Corac will continue its commercial collaboration with Spirax to explore opportunities to design additional products in the range, delivering greater returns to end users.

Phil Cartmell, Chief Executive Officer of Corac, commented:

"We are pleased to have evolved our working relationship with Spirax that will take our turbo machines into the next stage of their commercial use. Today's announcement is culmination of a two-year development programme, which began with our design team exploring adjacent possibilities for Corac's gas compression technologies beyond their original gas production applications.

"The innovative approach and dedication from both Corac and Spirax has enabled the team to deliver a highly attractive commercial opportunity that delivers tangible efficiency and cost benefits for the end customer. We look forward to working alongside Spirax as they seek to deploy these products across their customer base."

End

[secretsqu] 23/3/2015 21:20

The matrix.

Yes that certainly weeds out a few Bengal Lancers.

[bullster] 23/3/2015 09:59

Mr Ashcroft, what a benevolent specimen you are (tic), wishing the dole queue on innocent workers. Shame on you. You weren't one of the first to be pushed out, because of a low matrix score, by any chance.

[dashcroft70] 20/3/2015 21:59

Pavey Ark, No, they haven't just simply moved on.

Ricardo, agree, those higher salaried directors are the only winners.

The_Doctor, what do I think CRA should do with CET? Well, make everyone redundant and eventually close up, that's all that's left to do. This has been a long time coming. Why else create 'Corac Group' and shove the old 'Corac Group' out as CET within a group which now owns a few other companies, bought by share holders money? Simple answer, is when CET has gone horribly wrong PC can say 'group' still exists and we invested our money into group which still exists.

[the_doctor] 18/3/2015 21:53

Dashcroft, CRA doesnt need to achieve much with CET
Some of the investors here think the acquired engineering units will suddenly see massive growth. 'LOL'

Still, what do you think CRA should do with CET?
They're downsizing to save money. Clearly some of the higher profile projects have been discontinued. Others may well be able to carry on fine with smaller teams - particularly if in cases there is support from partners.