Carclo Share Discussion Threads

[beeezzz] 15/4/2024 20:51

William Black must see something in this dog, adding more, maybe that 233k trade.

[beeezzz] 07/4/2024 22:02

Might get TU this week...it could be ugly

[beeezzz] 05/4/2024 14:29

233k sell not looking good at all, prospects diminishing by day

[bombast1] 05/3/2024 14:48

It’s pretty obvious Carclo is a dead duck.
Apart from Joe Oatley, there’s no one who has hung around for anything longer than a couple of years
Incredible instability & no path out for a decade until the pension deficit is diminished.
Probably good for day trade margins but don’t be surprised if they go under in the next couple of years

[mesquida] 28/2/2024 08:05

Today's rns re NonExec resignation is a little unsettling. No explanation given, and he was only appointed 4 weeks ago.

[ansc] 15/2/2024 14:21

For what it's worth, last week I missed that First Equity Ltd had increased their share-holding from 9.194 to 10.215 %.

[ansc] 15/2/2024 14:08

14 February 2024 - Carclo plc

Strategic Consolidation and Closure of Tucson Facility

Ossett, February 14, 2024 - Carclo plc, the leading global provider of high-precision components, offering comprehensive services from mould design, automation, and production to assembly and printing, serving the life sciences, aerospace, optics, and tech sectors, announces the strategic closure of its Tucson, AZ facility. This decision represents the culmination of our US restructuring efforts, aimed at optimizing our operational footprint and aligning closely with our strategic objectives.

In alignment with this closure, Carclo is taking significant steps to enhance operational efficiency and customer service. The majority of manufacturing volumes from the Tucson site are being relocated to our state-of-the-art facilities in Pennsylvania, USA. This move not only consolidates our technical and manufacturing expertise but also brings production closer to our Design & Engineering center, fostering innovation and efficiency.

Furthermore, Carclo is leveraging its global footprint to redistribute manufacturing capacity. This strategic reallocation is designed to position our production facilities closer to our customer bases, thereby improving service levels, reducing lead times, and facilitating more sustainable operations.

[clocktower] 15/2/2024 06:03

Maybe they should merge with CRU.

[wigwammer] 14/2/2024 23:42

Your guess is as good as mine, valueinvturn. But management have indicated they have material spare capacity across their global production network, so the intention of this reorganisation will be to better fill that capacity and reduce costs, thus improving returns. Fingers crossed it works. Unlike other speculative investments, Carclo already has a large sales base, tier one customers and a long history of delivering a valuable service in a complex and technically demanding industry. If it works out, investors will be well rewarded. If it doesn't, they may lose all they invest. Given the potential upside runs into hundreds of percent however, I feel the risk/reward is favourable, but to each their own. ATB

[charo] 14/2/2024 22:01

Surely some indication of costs of closure and likely effect on profits should have been included.
The RNS is useless without this,Absurd.

[beeezzz] 14/2/2024 20:47

With mega profits and major pension liabilities I would be surprised if they survive.

My only hope is they get taken over...

[valueinvturn] 14/2/2024 20:15

@wigwammer due to your long experience on the company what your thoughts about the next future. Carclo Will be able to succeed in the turnaround or it will fail

[wigwammer] 14/2/2024 16:05

I think that's right valueinvturn. The outcome is pretty binary - recover or fail - and the share price won't meaningfully move until we get more evidence one way or another. The interesting thing is the assymetric payoff to each outcome. it fails you lose 100%. If it recovers you make 500%+. Nice odds IMO.

[queeny2] 14/2/2024 11:34

wrt valueinvturn, I think a "better" description of what is needed is "something going right"!

[queenbreguet] 14/2/2024 10:56

Lets hope so way undervalued IMHO.

[mesquida] 14/2/2024 10:19

William Black is obviously still following the stock. I dont know who he is , but he certainly has some balls !

[valueinvturn] 14/2/2024 10:00

I think we will see a positive reaction of the market only when we will have evidence of turnaround in terms of positive results and cash flow generation. Anyway carclo need an increase of backqlog too. Management declared a potential improvement of The backlog starting from the beginning of this year due to the end of destocking by clients after covid. I hope it will happen.

[1gw] 14/2/2024 08:49

No reaction to the news, no trades reported. An unloved & unfollowed stock these days.

[1gw] 09/2/2024 17:04

My conclusion was that it doesn't look like a loan agreement / stock collateral consequence i.e. I can't see support for the hypothesis from the major holder data. It looks more like someone building a position. To believe the hypothesis I think you have to assume that First Equity was lending against stock collateral to a number of shareholders. I suppose it could have been the members of the Swiss concert party (Lakestreet), but that seems a bit of a stretch to me.

[ali47fish] 09/2/2024 17:01

1gw what is missing is a conclusion to your piece whicj is the most important what ever the conc maybe

[ansc] 07/2/2024 14:06

I missed this:

29 January 2024 - Carclo plc

Director Appointment

Carclo plc (the "Company") is pleased to announce that Jonathan (Jon) Templeman will be appointed as a Non-Executive Director of the Board with effect from 1 February 2024. Jon will be a member of the Audit and Risk, Remuneration, and Nomination Committees and Senior Independent Director.

Jon has a wealth of turnaround and business growth experience, gained leading a number of international, industrial businesses. Jon is currently Non-Executive Chair of Whittan Group Ltd, a manufacturer and seller of steel storage equipment. Prior to this, Jon was Chief Executive Officer of Whittan Group from 2017 to June 2023, Chief Executive Officer of Bridon Group from 2009 to 2016 and, before that, various roles at EASB Global including Chief Executive Officer from 2003 to 2009. Prior to joining EASB Global, Jon held a number of roles at PricewaterhouseCoopers.

Joe Oatley the Non-Executive Chair of Carclo plc said, "I am delighted to welcome Jon to the Board. His wealth of experience in leading business growth and turnarounds will be of great value as we continue on the Carclo journey."

[beeezzz] 16/1/2024 17:04

Low volume 44k shares traded..

Mcap £6.6m must be below net asset value

[tradertrev] 16/1/2024 17:00

Blimey, shares down 12% today. Anyone would think they reported excellent results today!

[mesquida] 03/1/2024 15:30

Signs of life here, just tried a dummy sale, got a bid for 200,000 at a premium to the screen price. No short term newsflow expected, but nevertheless i have the feeling that we could easily bounce back up to the mid teens in fairly short order.