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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
  0.28 3.12% 9.25 9.00 9.50 9.32 9.30 9.32 396,409 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 144.9 -14.7 -25.4 - 7

Carclo Share Discussion Threads

Showing 17251 to 17274 of 18475 messages
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DateSubjectAuthorDiscuss
26/6/2017
08:50
Peel Hunt have just released their forecast for next year to Mar'19 of 15.57p EPS, so I've updated the thread header post. CAR now have a superb historic underlying earning record: - to Mar'19 - 15.57p EPS (Peel Hunt forecast) - to Mar'18 - 13.05p EPS (Peel Hunt forecast) - to Mar'17 - 12.1p EPS - to Mar'16 - 10.1p EPS - to Mar'15 - 7.9p EPS - to Mar'14 - 6.1p EPS
rivaldo
23/6/2017
23:04
'- should be debt-free in 3 years' time' Now that is music to my ears! cheers
illiswilgig
23/6/2017
09:47
Wednesday's presentation is now online for all to see: Http://www.carclo.co.uk/~/media/Files/C/Carclo-v2/investor-docs/results-and-presentations/equity-development-forum-june-2017.pdf Some brief further notes I made: - the auto LED division should win one new mid-volume programme per annum and grow exponentially after that. This will be "transformational" for CAR - each new win will bring in £8m-£11m of additional revenues per annum - and CAR have already won 3 such contracts in the last 18 months - the CEO was keen to point out the potential for CAR to win electric car contracts, specifically mentioning Tesla (who I think he mentioned were already a customer?) - CAR have extremely high visibility of revenues going forward, as: (1) medical customers are locked in once obtained - the longest contract to date has been going for 25 years so far, and the minimum contract length is 5 years (2) a typical contract life in the auto LED division is 10 years - in 4 years Group revenues have increased to £138m from £87m, operating profit to £12.5m from £5.6m and underlying PBT to £11m from £3.2m - the Chinese medical device market, where CAR are situated and expanding, is showing 30% CAGR - should be debt-free in 3 years' time
rivaldo
22/6/2017
09:46
Thanks Riv.
petewy
21/6/2017
23:13
Tonight's presentation was excellent and extremely convincing imo. The CEO and FD were both there. The prospects for the two core divisions were laid out cogently and explicitly (I'll post more about this tomorrow if I get a minute). For those new to CAR, the pension and dividend issues were summarised clearly and upfront, with the emphasis being on the return of the dividend asap as already published in the results following the restructuring of the group's distributable reserves. I'd have thought most attendees would have gone away excited and intrigued by the potential for Wipac and CTP to grow exponentially. In particular, the point was rightly made of the long-term security and visibility of CAR's revenues going forward for some years - in both divisions. As I say, more tomorrow hopefully.
rivaldo
21/6/2017
08:17
Looking forward to CAR's presentation at Equity Development later today - hopefully this will attract fresh interest as it will reflect the extremely positive and secure outlook for CAR's core businesses. Plus the forward P/E of 11 and the PEG of only 0.73.
rivaldo
20/6/2017
14:03
Well done you lot.
queeny2
20/6/2017
11:29
Great to see this breaking out even though I sold just before the election as part of a move into cash. Well done those who kept the faith - it's sorely tested the patience at times but looking good now and I will keep on the watchlist for a re-entry point.
gleach23
20/6/2017
08:12
New 2-year highs now, with decent buying coming in at 165p.
rivaldo
19/6/2017
10:11
Wishing all a functioning air con day.. The shape of the Group fits its current needs..would be different if not independent. But at the moment the predictable cashflow from Aerospace looks v useful to them in dealing with pension commitments, and far outweighs any hypothetical sale proceeds.
edmonda
19/6/2017
09:56
Interesting comment in last week's ED report that whilst they believe the stock is worth 200p per share, it could be worth "a lot more in the event of predatory interest". Presumably such interest could come from either one of the larger car part suppliers, or from one of the larger pharma company suppliers. In either case they could then sell off the other two extremely profitable core divisions and come out of it looking pretty rosy.
rivaldo
16/6/2017
12:24
Edmonda, look forward to seeing you there on Wednesday. Edison have also issued a new update on CAR. They've increased their valuation range by some 20% to 181p-191p. Their forecasts are 12.9p EPS this year and 15.2p EPS next year, so the P/E's of 12.3 and 10.4 leave CAR still looking good value. The very attractive PEG of 0.69 makes CAR look even cheaper: Http://www.edisoninvestmentresearch.com/research/report/carclo444313/preview/
rivaldo
16/6/2017
11:31
'Sells' are going through at a higher price than 'buys' at the moment which always makes me feel a tad uneasy.
ansc
16/6/2017
09:35
I'll be there, and guess c. 50 others. Interested to hear LRM and AXS, as well as Chris. Prompt 5.30 start.
edmonda
16/6/2017
09:06
No problem at all edmonda - always good to see new contributors here. I hope to go to CAR's presentation in London next Wednesday - are you (or anyone else) going?
rivaldo
16/6/2017
08:49
Apologies for getting in front of you Mr Rivaldo - hope that didnt put me off-side! good to see a thread with plenty of insightful views
edmonda
16/6/2017
08:32
Nice early move upwards - breaking out to 9 month highs now.
rivaldo
15/6/2017
11:48
Equity Development have today issued a 15 page report on CAR with a 200p valuation. In particular, EPS is predicted to jump from a historic 12.1p to 20.3p by March'21, which would support a 300p-400p share price on a decent rating: Https://www.equitydevelopment.co.uk/edreader/?d=%3D%3DwNwMjM Summary: "Carclo is a leading global designer and contract manufacturer (FY17 sales 70% non-UK) of fine tolerance and often mission/safety critical components for the medical (46%), optics (5%), aerospace (5%) and luxury/supercar (27%) markets. Carclo has shown that you don’t have to be a ‘Silicon Valley’ tech start-up to deliver double-digit top line growth, as the group has been doing exactly this for years. Its strategy of dove-tailing front-end innovative design, prototyping and tooling capability, with back-end flexible manufacturing, global coverage and supply chain expertise, is proving a winning formula. In turn, helping to propel FY17 revenues to £138.3m (+16.2%, or 10% constant currency), EPS up 20% (12.1p) and EBIT margins to 9.0% (vs 8.4% LY). Better still, the vast majority of these volumes are tied to OEM platforms with typical life-spans of between 5-20 years. Hence providing excellent forward visibility and predictable earnings. We think the momentum (12.4% pa sales CAGR) built up over the past 4 years should continue - underpinned by the production of long-cycle end-user products, low client churn and secular growth. Our forecast revenues are set to expand at a 10% pa clip over the next 4 years, and even accelerate slightly once Wipac’s new mid-volume LED contracts come on stream from late 2019 onwards. EPS is predicted to jump 68% from 12.1p in FY17 to 20.3p by FY21, on turnover up 46% from £138.3m to £202.5m. Encouragingly for income seekers, the Board recognises the importance of sustainable and progressive dividends. After a suspension due to pension considerations affecting distributable reserves, the resumption of payments has been pencilled in for 12 months’ time. The stock at 152p appears lowly rated, trading on PER and EV/EBIT multiples of 11.9x and 9.8x respectively vs peer averages of >20x and c. 16x-17x.We calculate there is >30% disparity versus our 200p/share sum-of-the-parts valuation." EDIT : edmonda, just beat me to it :o))
rivaldo
15/6/2017
11:46
We have initiated coverage on Carclo today. To read the note for free please visit https://www.equitydevelopment.co.uk/company/?company=Carclo+plc&c=zUTO Also a reminder that Christopher Malley, CEO, will be presenting at our next investor forum on the evening of Wednesday the 21st June. In order to find out more and to register please visit: https://www.eventbrite.co.uk/e/equity-development-investor-forum-june-2017-tickets-34745006249?ref=ebtn Kind regards, Equity Development
edmonda
14/6/2017
09:30
Stockdale Securities have just issued their fortnightly summary of the recent results season, with a nice summary of CAR's results including these extracts: "Carclo 147p; MCap £107m Carclo announced FY2017 results last week which showed a continued strong recovery. Carclo is a leading global manufacturer of fine tolerance parts for the medical, industrial, aerospace and luxury and supercar lighting markets. FY2017 revenues increased by 16.2% to £138.3m (10% at constant currency), reflecting strong growth at both Carclo Technical Plastics (CTP) and LED Technologies as well as the impact of weaker sterling on the retranslation of overseas sales. Underlying PBT increased by 25.9% to £11.0m. Technical Plastics reported revenues up by 24.6%, benefiting from prior investments in capacity expansion and currency tailwinds. LED revenues increased by 7.3% with successful product launches during the year for customers including Aston Martin and McLaren. Margins at CTP increased to 9.9% reflecting increased utilisation of its UK & US facilities. LED increased its operating margin to 13.6%. The group reported strong underlying cash generation of £16.6m." "The group’s strategy remains to create sustainable growth in revenues and operating profit through the development of innovative and highly efficient solutions for its customers, ensuring the benefits accrue from working with Carclo. The outlook for Technical Plastics is positive as it continues to facilitate strong revenue growth which is resulting in good margin appreciation. The performance of the division has been complemented by the acquisition of PTD, giving it further opportunities. In LED Technologies, Wipac has continued to perform well, benefiting from good product demand and its continuing ability to win new customer programmes and is expected to deliver significant growth into the future. The acquisition of FLTC adds skills, capabilities and further design resources to its supercar and luxury car lighting business which will help deliver its growth strategy. The group closed the year with a strong order book, encouraging sales momentum and an exciting pipeline of opportunities across its businesses."
rivaldo
09/6/2017
07:19
CAR have been tipped in the IC this week as follows (cheers mate): "Research analysts raised their target prices for Carclo (CAR) in unison on the publication of results for the year to March 2017, after the technical plastics group posted its fourth consecutive year of double-digit revenue growth. Granted, this year's numbers were partly helped by the fall in sterling - constant currency revenues were up a tenth*. But a record £87.8m intake in the core technical plastics division shows the group is adept at betting on the right niche products. This is critical, as Carclo's clients in the clinical products, electronics and car manufacturing sectors have a keen nose for costs. It also explains this year's diversification into electric vehicles, LED lighting and even artificial hearts, through the twin acquisitions of FLTC and Precision Tool and Die. Elsewhere, the ugly spike in the pension deficit that occurred after the post-referendum contraction in gilt yields has unwound enough for a dividend to be paid. However, as Carclo's pension scheme remains highly sensitive to corporate bond yields, management has taken the prudent step of delaying shareholder distributions until liabilities can be contained to a sustainable level. Analysts at Peel Hunt expect adjusted pre-tax profits of £13m and EPS of 13.3p in the year to March 2018, up from £10.7m and EPS of 11.7p in 2017. IC VIEW: Carclo shares trade on a forward earnings multiple of 11, which on the current profit growth trajectory looks cheap even if you take into account the suspended dividend and the sometimes delayed - though consistently high - return on capital employed. We're sticking with our original call (137p, 30 Apr 2015). Buy."
rivaldo
08/6/2017
12:37
Here's the analysts' presentation FYI - very positive outlook: Http://www.carclo.co.uk/~/media/Files/C/Carclo-v2/investor-docs/results-and-presentations/2017-analysts-presenatation-31-mar-2017.pdf "Outlook Our growth throughout the year continued to be strong and was in line with the Board’s expectations. This has driven a significant increase in profitability Our Technical Plastics division is continuing to facilitate strong growth in revenues which is resulting in good margin appreciation. The acquisition of PTD provides further capabilities and opportunities for this division and its customer base has been enthusiastic about the combination of our businesses leading to an enhanced offering going forward In LED Technologies, Wipac has continued to perform well, benefiting from good product demand and its continuing ability to win new customer programmes; it is expected to deliver significant growth into the future. The acquisition of FLTC adds skills, capabilities and further design resources to our LED Technologies Wipac supercar and luxury car lighting business which will help it to realise its growth strategy We closed the year with, a strong order book, encouraging sales momentum and an exciting pipeline of opportunities across our businesses and we expect the growth that we have seen in recent years to continue. We are well placed to increase the Group’s profitability through the coming years"
rivaldo
07/6/2017
08:25
Peel Hunt's forecast for this year is 13.34p EPS, which is more realistic imo given 12.1p historic EPS and the strong start to this year. Assuming they similarly go for 15p EPS or so next year, that's a current year P/E of only 10.9, falling to 9.7.
rivaldo
06/6/2017
14:34
N+1 Singer are forecasting (conservatively) 12.5p EPS this year, but rising 20% to 15p EPS next year. Even on a prudent P/E of 13 it's therefore possible to see a 200p share price as CAR ends this year and moves towards the 2018/19 year.
rivaldo
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