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Share Name | Share Symbol | Market | Stock Type |
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Carclo Plc | CAR | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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9.65 | 9.65 | 13.50 | 13.00 | 7.425 |
Industry Sector |
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CHEMICALS |
Top Posts |
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Posted at 26/4/2024 09:01 by wigwammer To get to reality investors need to weigh up the tiny market cap, with the big sales base, with the margin potential post restructuring, with the pension deficit and with the net debt (and that figure you quote is post ifrs lease liabilities, stripping that out it is closer to £20m). All of these things have been discussed previously on this board. I weigh it all up and see very attractive risk/reward at this level. Others have a different view.. ATB |
Posted at 14/2/2024 23:42 by wigwammer 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 |
Posted at 25/9/2023 21:12 by wigwammer The market isn't looking at Carclo at the minute. So when you sold your shares, you were the market. I suspect investors will be looking again - H1 numbers in November will be set against a soft H1 last year, so should look pretty good. In the meantime, thanks for the shares.:. ATB |
Posted at 13/7/2023 08:20 by wigwammer One interesting point from the presentation yesterday is they likely have more organic growth opportunities than capacity to deliver. They don't need more top line to make this a great story for investors, but if it starts to rerate as a growth company then we really will be flying... ATB |
Posted at 12/7/2023 13:20 by wigwammer Investor Meets Company presentation at 2pm for anyone interested. Agree with those who believe this is a potential multi bagger over the next few years... |
Posted at 17/4/2023 14:32 by ali47fish hard to know what to do here so unprtedictible with thi volatility -any guidance here from the knowledgeable investors |
Posted at 30/11/2022 18:46 by beeezzz Usual outcome of presentation, share price declining again, they are not that convincing otherwise investors would be buying..I'd pack up giving presentations until they've got something positive to say.. Pension still a millstone.. |
Posted at 18/11/2022 11:28 by creditcrunchies it's just one of these illiquid stocks that drifts lower on low volume. The pension fund liabilities keep investors away. |
Posted at 10/11/2022 17:35 by bottomfisher I emailed the company today to check when the interim results were due out and whether there might be an investor presentation. Last year they were released on November 19th.The company secretary responded by telling me to "refer to the investor section of the Carclo plc website for any updates". I did, and there was no sign of any date for the release of the half-year results. Not the most encouraging sign of a management team eager to win over new investors. |
Posted at 28/6/2022 16:40 by dangersimpson2 wigwammer, even if another investor believes the Triennial deficit to be unrealistic, it doesn't matter what they think, since it is the opinion of the pension trustee that matters, since they are the ones that have the power to demand recovery payments from the company or block any takeover that doesn't address the deficit. Rightly or wrongly, the pension trustee will always take the most cautious view of the Triennial valuation.The only way the pension deficit goes away permanently is if they get a buyout from an insurance company. Buyout valuations are almost always even more conservative than a Triennial valuation since you are paying an insurance company to take the risk for you. So this could easily cost an acquirer £100-150m to get the buyout which makes the multiples even more demanding. Most investors don't understand pension accounting and the (lack of) relationship between IAS19, Triennial & Buyout valuations so there certainly is a "greater fool" argument to say that if the company trades well and the IAS19 valuation goes down that investors will think the deficit is going away and bid the stock up even if it is on false hope. In reality, the recovery payments need to (and will) go up significantly when the company can afford them. And this is real cash leaving the business that can't be used to invest in growth or paid as dividends. Indeed it seems unlikely that they will be in a position to pay dividends for many years no matter how well they trade in the short to medium term. This puts them way out of my investment horizon, and I'm not a big fan of "greater fool" investment strategies even if they often work. |
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