Share Name Share Symbol Market Type Share ISIN Share Description
Carclo Plc LSE:CAR London Ordinary Share GB0001751915 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.85 -19.32% 11.90 11.80 12.00 14.50 11.00 14.50 3,127,568 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 146.2 8.2 11.6 1.0 9

Carclo Share Discussion Threads

Showing 18301 to 18322 of 18325 messages
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DateSubjectAuthorDiscuss
25/1/2020
18:59
It isn't pretty is it..., but with £10M a year profits and some growth from the businesses, plus the retained optics business adding, as the debt comes off so do sustaining finance costs, it is recoverable over a 3-5 year timeframe back to a dividend paying share for the longer term outlook shareholders ..
laurence llewelyn binliner
25/1/2020
18:25
Net debt is about 21 million as 5 millions from wipsc sale would be used to pay off debt. Total profit seems to be about 10 millions.They have to fork out 20 million next year and would have to restrucure the debt. Company is in much better position post wipsc ss we have a solid buisness generating 10 million anual profit.
shami6
25/1/2020
14:47
Been saying this was a bargepole for ages, ever since they axed the dividend. Junk.
owenski
25/1/2020
14:38
Net debt is c20mn so that's below 2x levered
valuschmalu
25/1/2020
14:38
Net debt is c20mn so that's below 2x levered
valuschmalu
25/1/2020
14:16
The credit team at the bank here will be pushing for maximum 2x leverage on this business - so they will be asking for an equity injection of at least GBP10m. Anyone out there want to put GBP10m pounds into this? Not a chance - so its about kicking the can down the road. So the bank and the pension fund have a choice: - sell the assets - and take a 30% haircut on the debt and pension liability now - keep the business running - to generate a tiny bit of cash - which will all go to amortise pension liability and bank debt. Come the next recession at some point the bank decides its all too much hassle and the pension fund will just sell everything and wind this up. The problem you have is that no decent management want to work in a business where they can't make any money; can't make any investment; and this business with this capital structure just shouldn't be listed. I sympathise with all the retail investors over the years who have lost money here. I did see that the professional advisers continue to do OK (as always) - a few more million in fees to kick the can down the road.......
reddevils1
25/1/2020
13:48
#valuschmalu, it is a long journey to rebuild the balance sheet, but with the profitable parts of the company now less the Wipac liabilities the losses have been stemmed and we are on the road to recovery with the Optics business in hand adding profits too.. Restoring dividends is a few years or more down the road for sure, but in a couple of years time things will look a whole lot better than the H1 financials suggest now if they can sensibly keep control of and bring the pension deficit down without draining all the group profits, and reduce bank debt.. It is a hold/add and wait for me at 10p, all other parts of the group are making profits adding value, and it's a shame they could not turn Wipac around.., but will be interesting to see what Wuhu Anrui do differently or if they get in a muddle as well..!
laurence llewelyn binliner
25/1/2020
13:21
My plan to get them out of this mess would be to agree a reasonable level of pension contributions which doesn't kill the company. I think £4mn is sensible. That leaves £7 or 8mn to cover interest expense and capex. At the same time, they should work in a sale of aerospace business for £10-15mn with proceeds ringfenced for pension scheme. They need to be more proactive with hedging such that when rates go up they hedge. This can be done over next couple of years. Whilst this caps upside it ensures the pension liability can never take the company down. With a lower deficit, annual contributions can drop back down to £2mn. You would be left with a plastics company with £10mn EBITDA worth approx £80mn with £20mn debt, £30mn pension liability so equity value of £30mn. Simples
valuschmalu
25/1/2020
01:14
A company like this with this very poor management is worth 4x Ebitda. Therefore the equity has no value. Even if it was the best business in the sector and worth 10x Ebitda the equity has no value. Any customer that has watched this debacle play out over the past year will be looking for a new supplier. So don’t expect a positive outcome here in my view.
reddevils1
23/1/2020
15:56
@Carclo_plc: Continuing businesses perform well during first half. #CAR $CAR https://t.co/jIQA0kiMvO
stockstracker
23/1/2020
10:37
Looking better today.
1gw
22/1/2020
16:46
Looks like Mark Rollins might succeed in steering Carclo into administration after all...
gordongekko4
22/1/2020
13:02
Looks like everyone was caught a bit off guard and the mms have had difficulty pricing it. Recovering a bit now.
1gw
22/1/2020
12:40
Can you get a sell quote ?
babbler
22/1/2020
12:34
...and the initial verdict on the results statement appears to be fairly negative, albeit not much volume with the sudden lunchtime start.
1gw
22/1/2020
12:15
And they're back from suspension...
1gw
21/1/2020
20:46
Hopefully they come up with something sensible like 4mn annual pension payments. Next time rates go up I would imagine trustees will force the scheme to hedge rates so we can never have a liability like 50mn again
valuschmalu
21/1/2020
12:51
The statement rules out a standstill and confirms a larger annual payment, amount yet to be negotiated.
queeny2
21/1/2020
12:45
It really makes little sense for the trustees or debt holders to do anything other than keep Carclo a going concern, and hope that eventually enough cash flow will be generated to ameliorate the pension and debt issue. This is great news for shareholders because it means management will be focused on generating cash, not building empires. As the debt/deficit is paid off, the entire enterprise value becomes the property of shareholders - given the current market cap, this will be a nice ride :)
wigwammer
21/1/2020
12:39
In November, the trading suspension was lifted 2 days after the results were published.
wigwammer
21/1/2020
10:49
re-listing, any guesses?
steve pmax
21/1/2020
10:16
a good guess is that the company will agree a stand still with the trustees and the protection fund. this will give the company some years to sort issues out. if UK interests increase a % or two, the pension problem will be gone and the company will be worth well north of 50p/share - approaching 100p. if they cannot agree a standstill, times will be very tough no doubt. the best would be for the trust to settle a once and for all deal and accept payment with new carclo shares in exchange for surrendering any future claims on the company. this way carclo will be allowed to blossom in full and very significant values will be crystallized for shareholders - the trust being the largest beneficiary of this.
baner
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