Carclo Share Discussion Threads

[yump] 02/9/2017 14:01

A long term chart of at least 5 years gives a different perspective on the price movements.

It looks possible that the move to 180p was an attempted breakout from a long-standing range and its dipped back for the time being.

Given the relatively cheap rating, my guess is this is the start of a proper longer term uptrend.

[gleach23] 01/9/2017 15:33

Purchased some this afternoon on what looks a good point on the chart ahead of next week's AGM on 7th which should come with a trading update...hopefully along the lines of the ones we've had of late...

[9degrees] 29/8/2017 13:10

Uni-Pixel Inc (NASDAQ: UNXL ) shares dropped 74 percent to $0.0672. Uni-Pixel announced plans to file for Chapter 11 bankruptcy in the next one to two business days. Yesterday report

[rhomboid] 26/8/2017 17:43

Hi 9degrees, licences typically lapse in the event of insolvency, so unless someone takes Uni Pixel on including all it's debts then the licence agreement will most likely fall away. So hopefully you're right , if the technology has any ongoing value it can be relicensed afresh...for more money🙂

[9degrees] 26/8/2017 15:30

See post 470
The board is pleased to announce that it has agreed to license CIT Technology's ("CIT") fine line technology ("FLT") to UniPixel Inc. ("UniPixel").
In consideration for the grant of an initial five year FLT Patent License ("Patent License") to Unipixel cash.
CIT has also granted a royalty free Intellectual Property License ("IPR License") for UniPixel to use CIT's know-how for metal mesh touch screen technology.

I wonder if this means that these licences will now be dead in the water and Carclo can then sell the licences to another company if the technology still has any value ?

[rhomboid] 26/8/2017 11:06

Thankfully the uni pixel deposit was non refundable from the latest AR
"In the year to 31 March 2016 an agreement was reached to license CIT Technology’s ne line technology to UniPixel Inc. for an initial ve year period during which CIT receives per annum payments of the greater of US$1.65 million or 1.67% of annual net product sales. An initial, non-refundable cash payment of US$4.67 million was received at completion and this was recognised as income on receipt. Royalty payments in excess of the initial cash payment may be paid by UniPixel in either secured loan notes or cash"

So I'm guessing the impact will be limited going forward , it'll be interesting to see what happens to the tech but it's still a sideshow to the core business imho...but interesting & thanks for the heads up 🙂

[dontay] 26/8/2017 09:27

Uni-Pixel goes bust:It hasn't filed petitions yet but expects to in "the next 1-2 business days."The company has let go all employees effective today.It says it's obligated to advance expenses for the defense of former executive officers Reed Killion and Jeffrey Tomz against an action brought by the SEC. Uni-Pixel intends to use bankruptcy to sell its assets (including manufacturing equipment, R&D and IP assets) individually or in totality.Three days ago, Western Alliance Bank notified the company it was in default of a loan and security agreement from last October, and that it was invoking a default rate of prime plus 6.25%. Uni-Pixel says the amount outstanding on that agreement is about $621,000.

[rhomboid] 17/8/2017 20:09

Hi Adam

If you haven't seen it this presentation is a good start point



Margins vary across product areas but key growth area of Wipac has v respectable margins

[adamb1978] 17/8/2017 20:02

Hello

Not a holder here however its one which I've always been meaning to run the numbers on. In that regard, does anyone know what sort of gross margin these guys generate? Its concerning to me that they dont disclose it given that its an indication of level of value-add; from a valuation perspective, its also pretty important given it helps understand the sensitivity of the bottom-line to top-line growth.

I'm not sure they're one for me at the moment - they look cheap relative to growth rates however, given where we are in the cycle, I'm taking a much more critical view on level of debt in company's balance sheets at the moment, particularly of companies which could be cyclical. Keen to have the numbers run though so that I can judge it properly.
thanks

Adam

[1gw] 10/8/2017 16:02

Took some profit today. Having taken some relatively big losses on selling out in January 2014, nice to bank a bit back, just in case...

[illiswilgig] 02/8/2017 21:23

9degrees,

I really don't see any further cash payments coming in from Unipixel. CAR got the first almost 3 years worth in cash which was a great deal for us. The next 2 years worth can be paid in loan notes.so no more cash for the foreseeable? But even loan notes would be something of a bonus I guess.

cheers

[9degrees] 31/7/2017 17:59

Thanks Rivaldo

[rivaldo] 31/7/2017 15:24

Up a bit today after a hefty £668,000 trade just reported at 167p.

[rivaldo] 31/7/2017 09:15

9degrees, it's impossible to say from CAR's point of view - there's nothing in the recent Annual Report.

All of UNXL's news flow is here. They seem to be winning lots of business and announcing new deals, but as ever with them the key is cash flow etc. I suspect if you want to plough through UNXL's SCE filings there might be a snippet or two, but really this will just be an added bonus for CAR if anything comes through from now:

[9degrees] 30/7/2017 14:24

This was announced by Carclo in 2015
Can anyone update to us as to how Unipixel are doing and gow the agreement is panning out financially ??

The board is pleased to announce that it has agreed to license CIT Technology's ("CIT") fine line technology ("FLT") to UniPixel Inc. ("UniPixel").
In consideration for the grant of an initial five year FLT Patent License ("Patent License") to Unipixel,
CIT will receive per annum payments of the greater of US$1.65 million or 1.67% of annual net product sales. An initial cash prepayment of US$4.67 million has been received by CIT at completion and this is non-refundable. Royalty payments in excess of the initial cash prepayment may be paid by UniPixel in either secured loan notes or cash.
CIT has also granted a royalty free Intellectual Property License ("IPR License") for UniPixel to use CIT's know-how for metal mesh touch screen technology.
UniPixel has been granted an option to extend the Patent and IPR Licenses beyond the initial five year term for a further 10 year term in exchange for annual royalty payments of 1.67% of net product sales. During this renewal term, total cumulative royalties are capped at US$8.25 million.
The maximum amount of royalties payable under both the initial and renewal agreements is capped at US$30 million (equivalent to approximately GBP20.2 million at completion).
Both the Patent License and the IPR License are exclusive for two years in the field of metal mesh touch screens.
.

[rivaldo] 19/7/2017 11:19

Moving up nicely - buying coming in just now at 173.4p.

[ansc] 12/7/2017 16:20

[gordongekko 20 May '17 - 10:39 - 414 of 467
What is going on with the share price? I am thinking of taking my profit as long as I've still got one...]

Could be feeling aggrieved for selling out too soon!

[gordongekko4] 12/7/2017 13:51

LOL - THE DUMP IS REAL! 130K shares traded at 154 an hour ago and more selling pressure on the way... Down more than 7% since my words of caution one week (!!) ago.

[rivaldo] 10/7/2017 09:57

Good new commentary on the US acquisition:



"July 7, 2017

Precision Tool & Die deal paying off for Carclo

"New York — British plastics firm Carclo plc is benefiting from its recent acquisition of U.S. injection molder/mold maker Precision Tool & Die LLC.

The deal for Derry, N.H.-based Precision — completed in October — is allowing Carclo to do low-volume medical work in-house, according to business development manager Robert Strom.

Medical products made by Carclo include lab pipettes and trays based on polystyrene or polypropylene, Strom said at the UBM Advanced Manufacturing Expo, held June 13-15 in New York.

Carclo's optics line — including LED optics — also is seeing steady growth in the U.S., added Strom, who's based at the firm's Latrobe, Pa., location. Custom products in that line can be based on polycarbonate or acrylic.

Carclo also does work with contract manufacturing of assemblies, as well as parts for IV bags, inhalers and surgical devices."

[1gw] 10/7/2017 08:23

The latest Barnett Waddingham paper shows very little change in 15-year corporate bond yields or long-term inflation expectations between end-March and end-June - meaning I think that there has probably been relatively little change in the liability side of the Carclo pension scheme between the 2 dates.

ML Sterling Corporates AA over 15 years
2.52% end-June vs 2.47% end-March

BoE 15-year market implied inflation
3.44% end-June vs 3.44% end-March

[gleach23] 07/7/2017 12:57

Agree boadicea.....AGM 7 Sept btw

[boadicea] 07/7/2017 11:54

Quite a retrace but perhaps not surprising.
I don't expect any particular downside from here, ~160p having been a previus peak on three occasions in the past couple of years and now offering support.
Agm statement around the end of next month should at least give reassurance and possibly more, leaving any minor dips from here as potential bargain points.
The progress of interest rates for their effect on the pension deficit will remain an interesting factor to watch in the coming month or two.

[gleach23] 05/7/2017 18:45

You really are the Carclo pimp rivaldo...please keep it up :o))

Nice 44k @ 170 reported late