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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
  -1.20p -6.09% 18.50p 17.50p 18.50p 18.50p 18.50p 18.50p 31,003 11:03:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 146.2 8.2 11.6 1.6 14.00

Carclo Share Discussion Threads

Showing 17726 to 17749 of 18100 messages
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DateSubjectAuthorDiscuss
21/7/2018
17:05
Thanks 1gw. My main concern here is the Consort share price, which has taken a tumble since the bid was announced. It would suggest some discontent from their shareholders and makes an increased all share offer more difficult to execute and succeed. They are going to need to give some numbers for cost savings/revenue synergies but will need to pitch the numbers correctly to simultaneously look like a good deal for both sets of shareholders. My rule of thumb, which has served me pretty well over the years is that you should double the first number a company gives for synergies as the eventual outcome. I actually think they can more than double Carclo profitability if revenue synergies are included and can therefore pay a lot more than they have offered so far, but we are only going to get there with a viable alternative proposal from Carclo.
thechurch333
21/7/2018
15:40
Another very quiet week on the 8.3 front. Certainly no evidence that I can see of any of the Consort shareholders trying to arbitrage by selling CSRT and buying CAR. On the Carclo side, biggest changes came from River & Mercantile which sold around 82,000 and Axxion which bought around 49,000 to add to their purchases declared in the previous week, but haven't notified a further change since 13th July (declared on 16th). On the Consort side, the biggest changes were from Legal & General which sold around 94,000, Kempen Capital which sold around 53,000 and Polar Capital which bought around 97,000. It remains to be seen who was buying and selling Carclo yesterday, when volume was relatively high.
1gw
20/7/2018
13:53
New recent highs now - up 9p today to 117p mid-price.
rivaldo
19/7/2018
11:14
Pusu = put up or shut up, in this case the weekend in ten days time.
queeny2
19/7/2018
11:12
Imho only from the lack of developments so far and the amusingly minimal agm update. The two sides are not engaging Carclo cannot and will not enter a room with csrt until a price is named that they could begin to think about recommending, perhaps subject to limited due dil CSRT will not bid against itself until it has to As things stand it goes one of three ways for next step. - csrt walk away - csrt raise the bear hug this week - csrt launch a bid towards end of pusu period The more I think about it, and looking at the advisers of csrt, the more I believe they wouldn't have done what they've done without being ready and able to go route 3. The unknown is what car have been doing in defence preparation, let us pray that for once they are pulling out the stops and being professional.
queeny2
19/7/2018
10:42
Seems the Bod believes its best defence at the moment is to stay silent and stick to the plan. Either because they don't have anything better to say, or because they want to keep their powder dry. Made me chuckle anyway. cheers
illiswilgig
19/7/2018
08:30
I would not expect to hear anything more from them yet on the Consort bid. Good to see Consort shares attempting a rally this morning.
thechurch333
19/7/2018
08:25
But completely silent on the matter at the front of most shareholders' minds (I would have thought). Have they engaged with Consort? Are they still refusing to engage? Can they not at least mention work they're doing to prepare a defence document should Consort announce it's intention to table a hostile offer when the current phony war comes to an end on 30th July?
1gw
19/7/2018
07:38
Today's rather encouraging trading update should only add to CAR's appeal for Consort and other potential bidders. For the record, expectations are for 11.4p EPS this year, rising to 12.5p EPS next year: Https://www.investegate.co.uk/carclo-plc--car-/rns/agm-trading-update/201807190700030871V/ "Trading to date in the current financial year has been in line with the Board's expectations. Progress in securing new Automotive lighting and medical development contracts within LED Technologies and Technical Plastics has been good and is in line with our planned timescales. The implementation of our operational improvement plans is well underway and encouraging progress has been made."
rivaldo
14/7/2018
00:34
1gw - No, that's one Stephen Guy Hill OBE (sources: beta.companieshouse.gov.uk and Google) My own thinking is that this SNH can't be in a concert party with Consort, no pun intended, as it would have had to have been declared. So he must have bought either in hope of an improved offer, or to resist offers and hang in there on fundamental grounds. Presumably he sees a win/win situation.
pldazzle
13/7/2018
17:25
By my reckoning we now know 31 shareholders holding 86% of Consort, and 14 shareholders holding 66% of Carclo. Not a lot of activity disclosed this week, although more than last week: on the Carclo side mainly steady buying by Axxion (disclosed this week, for buying on 2nd, 6th, 9th, 11th) and on the Consort side only really one big purchase - of 100k shares by Polar Capital on 10th July - matched more-or-less and on the same day by sales by Wellington (70k) and Schroders (20k).
1gw
13/7/2018
17:15
Is he the Stephen Hill who is ex-CEO of FT Group, ex-CEO of Betfair, currently on board of IG Group? hTtp://www.iggroup.com/investor-relations/board-directors
1gw
13/7/2018
11:29
WHO IS STEPHEN NIGEL HILL who declared > 3% today and whose side is he on
queeny2
13/7/2018
11:28
If by realistic you mean cash only forthcoming if recommendation then that could indeed be correct
queeny2
13/7/2018
11:27
AgreeAgreeDisagree - institutions will roll into csrt and stay, existing shareholders might buy more as transformationalDisagree - they have accordion facility £100m iirc so able to pay part/all cash presumably subject to plan to repay (sell led etc)Q remains can they risk that.Actual hostile bid would be lower than they would pay for recommendation, because of that risk.
queeny2
13/7/2018
09:00
Interesting link - It does a good job of convincing Consort shareholders that CAR is a fantastic bargain. At the same time it convinces me that they are bidding far too low, particularly for an all-share offer. There must be a risk that CAR holders would cash in their new CSRT shares and significantly dent the price for some time. CSRT is not currently in a realistic position to offer any cash alternative which, imo, weakens their position.
boadicea
12/7/2018
11:47
Here's the CSRT shareholder presentation on the hostile approach, worth readinghttps://www.consortmedical.com/investor-centre/disclaimer-02july2018/proposal-02july2018/
queeny2
09/7/2018
12:52
Hi Andrew 'Long term' doing some heavy lifting in that sentence I think, but I agree it shouldn't go straight back to 80. If this bid goes away we're back to the long haul I think. Companies that do two quite different things with zero customer or manufacturing overlap are pretty tough to bid for without a recommendation. Still for me the most likely outcome is a recommended deal. That not happening would mean that either CSRT can't see the upside at a price that CAR will accept (with LED not helping, it's not their field) or CAR are extremely stubborn, and their shareholders passive. I'm not holding out much hope for counter-bidder for whole thing.
queeny2
09/7/2018
12:16
Well ... I sold out a lot before this situation arose, and have now bought back in. Whilst the drop in price in the past was not welcome, I believe that the company has good product and good potential which will be realised. As Consort believe so too, there are probably others out there weighing up the situation. At today's price, Carclo is a good long term buy, IMHO, and the bid premium - unlikely to go away - makes the buy-back compelling. Anything under 120p is a steal, I think. DYOR and respond accordingly.
andrewbaker
09/7/2018
11:27
a) both sides barely been round the shareholders yet b) try not to bid against yourself If CAR are betting they won't go hostile with an actual offer (I think they're wrong, eventually) then the phony war can last a while
queeny2
09/7/2018
09:34
I was certain that Consort Medical was going to bump their offer today if they wanted to maintain momentum in this process - the fact that they didn't surely makes it less likely that this deal will go through before the end of the 28 day period after which they will have to walk away for at least six months...
gordongekko4
07/7/2018
14:34
church - Aberforth I agree we're missing a holdings notice. They may think declaring their position through the OPD is sufficient to replace any holdings notice they were about to give? They declared 8.9m shares (12.2%) as of 4th June and declared 9.9m shares as of 2nd July. So they managed to pick up 1.0m shares between the 2 dates, perhaps largely on 15th June when 4.5m shares were traded. They would have gone through the 13% threshold at about 9.5m shares, so they were well over the threshold by 2nd July - I suppose it is possible that they had a buy order in for 1m shares, which was only completed on 29th June.
1gw
07/7/2018
14:16
So I've checked the notices again, and my revised view of declared activity this week is: Carclo Axxion holdings notice >5% on 2nd July, 5.05% declared Lakestreet 8.3 disclosing buying c. 288k shares on 2nd July Consort Aviva bought 170 shares, sold 280 shares Blackrock bought 431 shares That's out of: 1.7m shares traded on 2nd July in Carclo and about 0.7m in total since then (source: Yahoo! Finance); just a few thousand a day traded on Consort. In theory we ought to have seen an 8.3 from Axxion detailing what it actually traded on 2nd, which would have given us an idea of how much of the 1.7m is accounted for between Lakestreet and Axxion. Good to see that there was some buying of Carclo from institutions on 2nd July, but taking the week as a whole it still seems to me like very subdued activity for a live M&A situation.
1gw
06/7/2018
19:45
And the Henderson sale was back in March 2017, so my previous comments on them being a weak holder DON'T apply. That's also bullish!
thechurch333
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