Yule Catto Share Discussion Threads

[richardbroughton] 28/6/2012 09:11

Mall,I'm not normally a conspiracy theorist but there were some big O trade buys y'day. Bought a few more myself which are now underwater of course. The reaction to the statement is over the top unless there is other stuff to come out. Next 2 months will be interesting, not bailing yet.

[mallorca 9] 28/6/2012 06:47

Or a damming trading statement to allow some in on the cheap prior to ok results.

The last line of the statement is important .... profit will be higher pro rata than last year.

[hvs] 27/6/2012 18:32

Adrian Whitfield, Chief Executive, comments:

"2011 was a pivotal year in the development of the Yule Catto Group. With the increased scale created by the PolymerLatex acquisition, and the subsequent sale of our Pharma business, Yule Catto has now become a substantial focused speciality Polymer business with a strong and diversified portfolio of products and well invested facilities in Europe and Asia.
"Whilst the general economic environment requires a degree of caution, I am pleased that the business has made a solid start to the year, and the Board remains confident about the prospects for the Group in 2012 and beyond."

Was this CEO lying ? Whay did they increase Nitrile capacity by 70,000 tons ??

Do they have a clue on what they are doing ?

I see this being hit very hard .

Clueless mismanagers in charge here.

BONUSES all round NO DOUBT.

[mallorca 9] 27/6/2012 17:25

I agree John.

I bought just before the close.

Good luck.

[johnsoho] 27/6/2012 16:06

imv the trading statement was not all bad and I liked these bits of it:

'In our Europe and North America business segment, demand remains subdued, driven by continuing economic uncertainty and its effect on general business confidence. Demand is currently a little weaker than the first few months of the year, with business in the construction related sector continuing to be the weakest area of activity. Margin management has fully compensated for the volume declines, and our European business is benefitting from the synergies of the PolymerLatex acquisition at the expected levels.'

And:

'While the combination of weakness in nitrile and currency translation effects will impact the Group's performance, the Board still anticipates that full year underlying profit before tax will be ahead of prior year pro-forma.'

I think the share price performance is a bit of an over-reaction and have taken the opportunity to top up....but please do your own research and no advice intended

[tweeeek] 27/6/2012 15:43

Just got a slack hand full of these at 140.

[mrminister] 27/6/2012 11:45

some hints in the may t/s that things were going soft .....weak euro hurts them too

[salpara111] 27/6/2012 11:29

Just had a look but dont like the fact that they appear to be only entering what will be a prolonged period of structural product oversupply in Asia. If you want to see what chronic oversupply of your key product can do to a company I suggest you look at PVCS, clearly yulc are not totally dependent on that market but I can't see what will turn the market for them now.
I will keep an eye on them for the next few months to see when it bottoms out.

[mrminister] 27/6/2012 11:26

yes i did think this was holding up fairly well over the past few weeks and this is a slap in the face today ....i don't hold it atm but one to start watching if it goes towards 100p in the coming days / weeks .....good co & good products now half price from 24 months ago

[cockneyrebel] 27/6/2012 11:04

Well the recent fall off in Asia looks leaked hence the recent decline. The reaction looks overdone to me but I'm assuming many think it will get worse yet I suppose,

£5m off the operating profit didn't seem to deserve a fall this large compared to forecast earnings but the market is very skittish - in more bullish mkts this would mostly have been shrugged off by lunchtime.

Seems a bit dangerous having anything selling into Asia and Europe on that basis.


CR

[jange2] 27/6/2012 10:32

All fairly horrible but nothing really new. There must be thousands of companies suffering from 'economic uncertainty in the EU and US'. Nevertheless once sentiment turns against a share it can suffer badly. I really don't see a rapid bouce back from here unfortunately but a weaker oil price should help?

[ninja 19] 27/6/2012 09:57

Should go to 100p shortly

[peaeff] 27/6/2012 08:37

Not a pleasant sight to wake up to, but it is apparent, by the gradual continuous decline since the last RNS, that it will not have come as a surprise to some 'better informed' individuals.

My gut feeling kept telling me to get out but unfortunately I resisited. Let us hope the recovery is as quick, though I doubt it. Sold 50%.

regards

[pj 1] 27/6/2012 08:15

Sorry CR Im out here, ignoring the financials it seemed down beat to me. Also, I cannot afford to keep buying all the dips at the mo, there are just far too many !!!!!

GLA

[mrminister] 27/6/2012 08:08

that's a good haircut

"This will substantially lower operating profit in our Asia and ROW business segment while this persists".

[cockneyrebel] 27/6/2012 08:04

A bonkers over reaction here at the open where these are illiquid imo - may be a great chance to buy the dip here imo.

CR

[gucci] 26/6/2012 20:48

150P would be great

[cockneyrebel] 26/6/2012 19:58

A lot of stocks bottoming here imo gsw. That cheap oil great for manufacturing, chemicals, transport etc

CR

[gswredland] 26/6/2012 19:47

Heading to 160 again?

[cockneyrebel] 25/6/2012 09:14

Firm again today compared to the market - chart turning up imo.

Oil price has tanked 30% in two moths - must help improve YULC's margins imo.

CR

[philo124] 14/6/2012 20:15

I understand that.

[bubbleandleek] 14/6/2012 10:57

But that's not to say Yule Catto don't look cheap as i think they do. It was more a dig at Canaccord.

[bubbleandleek] 14/6/2012 10:56

wouldn't trust a word Canaccord say

[gucci] 14/6/2012 10:56

might be tempted at 150p, good luck to those who hold