Fabulous day, anyone sold any, I havent |
Will attract new investors now |
Good post rivaldo, totally agree with everything that you have written. |
Great to see the focus on improving margins rather than chasing low quality sales.
This is just what investors want to see. Along with trading nicely in line and restructuring progressing ahead of expectations, CAR's latest management team are finally showing all the signs of smooth sailing without unpleasant surprises and a strategic plan which is actually working. |
Having a great day with this and FCH |
This will push on hard from here. |
Good market reaction so far |
Hopefully we will see progress past the 30-32p range with this latest update. |
Operating profits were 6.6m which puts this on a PE of 3. According to today's update all the metrics are continuing to improve further. A PE of 6 isn't even expensive for a company like carclo so 60p is fair value IMO. |
Just need William Black to clear out completely/stop selling and we should have a good run here, It really would not be expensive at 50p. |
Superb update. Progress on all fronts |
With the trading update due on Thursday i would not be surprised if the stock now had a bit of a run up to say 40p, although much will depend on William Black ! |
You'll have been rinsed. |
But nearly out now. Below 3%. That's just £650k. What do we think will happen when he hasn't any left? |
Only problem is that Black appears to have turned seller again. |
Two year high |
1gw - Thanks, any idea who the customer was....
Which means operating margins thinner than in previous years..
22 - 6.93%
23 - 0.86%
24 - 1.35% |
Nice re-trace after such a sharp rise, next leg- up looks to be starting. |
 In terms of the cancelled order, I think we know the cost don't we: £0.9m in FY23 and £0.2m in FY24. This is net of £0.7m compensation received.
In FY23 annual report (Note 9):
"On 30 May 2023, the Group signed a full and final settlement agreement with a leading global OEM customer. Due to a contraction in the end-market demand for COVID-19 testing, they would not be proceeding into the production phase of the project, see note 34. Receiving notice in December 2022 was deemed by management to be an event that might be an indicator of impairment at 31 March 2023. An impairment review was undertaken, with final settlement providing evidence that impairment existed. As a result, the Group has recognised a £0.9 million impairment for: a £0.3 million inventory provision, £0.5 million fixed asset impairment and £0.1 million other costs in the income statement in the year to 31 March 2023. The Group expects to recognise an exceptional gain in the income statement to 31 March 2024 of approximately £0.6 million."
So in FY23 AR, they recognised £0.9m impairment and expected £0.6m gain from the settlement concluded in FY24. But by FY24 annual report (Note 8), there were further costs to account for, meaning a net additional £0.2m cost instead of the anticipated £0.6m gain:
"£0.2m net costs arising from cancellation of future supply agreement relate to the OEM customer who gave notice in December 2022. This includes £0.9m asset impairment (see note 14), £0.2m loss on disposal of other related ancillary equipment, less £0.7m being a credit recognised in the current year for final settlement received."
and Note 14 explaining the further impairment:
"The impairment to plant and equipment of £1.9m includes £0.9m in respect to assets obtained for production on a leading global OEM customer who in December 2022 gave notice that they would not be proceeding into the production phase of their project. Whilst an impairment of £0.5m was recognised in the prior year, it was decided by management at 30 September 2023 that as the assets remained on balance sheet with no intended use, they should be impaired to recoverable amount, being fair value, less costs to dispose. A further impairment was recognised at the interim reporting date of £0.9m and there has been no change to this assessment of recoverable amount at 31 March 2024." |
Wish I had sold @70p, a false dawn, still no information regarding compensation from cancelled order, which could have just covered costs, who knows.
Jealous Mes, my profit price was 32p so did try and make a small profit for the time I've have held Carclo. A return I'm not proud of... |
And beeezzz just happened to sell at the best price this year,how predictable ! |
can someone with knowledge of the company please comment on the mid/long term outlook here or attach link from a reliable source providing an analysis- many thanks |
In which case, I just feel sorry for anyone who has acted on all your negativity over the last year or so, and sold at the lows. You have been a total liability. Best wishes with whatever you do with your (alleged) profits. |
Not me, sold @34p in profit...been in since 2009, experienced the highs and the low, + suspension....haha |
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