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
  +0.00p +0.00% 10.70p 10.60p 10.80p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 146.2 8.2 11.6 0.9 8

Carclo Share Discussion Threads

Showing 17776 to 17798 of 18175 messages
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DateSubjectAuthorDiscuss
09/8/2018
18:37
Worth a check of revenue segmentation in 2018 accounts - see page 79 Only £40M in UK £45m North America £60M rest of world (probably imo mainly EU) I have not been able to find the production breakdown in these areas (it may be there but 116 pages!!) So potentially at high risk from Brexit and US tariffs from Trump's hissie fits. Or am I being paranoid?
pugugly
09/8/2018
17:48
1gw yes agree
queeny2
09/8/2018
17:39
You may be right about a white knight struggling to find more value than Consort but to my mind Consort was always an unlikely acquirer with 100% of their business in healthcare and the Carclo portfolio of product much more diverse with their key growth market in automotive. I think we may yet be surprised at the attraction of this business if they can manage their operating margins more effectively which would appear work in progress. The pension deficit should look after itself in the medium term.
remslie
09/8/2018
11:15
Speculation of course, but my guess would be that Consort overstretched themselves with the 13th July offer in order to get talking to Carclo. Carclo had said they would be prepared to discuss a proposal that they would be minded to recommend to shareholders so given they were discussing the 13th July proposal I think that must have been worth around 130p or more (given the 116p proposal was rejected out of hand). The Consort share price had fallen a bit between their proposals, so the "cost" to them in Consort shares would have gone up more than the headline price difference in the proposals. With Consort now presumably having seen the books, I think the Consort walk-away is telling us that Consort don't believe they can make a reasonable return on their investment in Carclo at their 13th July proposal level. I don't think the strategic benefits would have changed so I think that's down to the perceived value of synergies, maybe the resale value of Wipac and maybe also further thought about the pension deficit. Given the synergies aren't available to Carclo on a standalone basis, that would seem to put a medium-term cap on the value of Carclo, unless they can achieve significantly more value from Wipac than was implicit in the Consort proposal. Equally, for reasons discussed on this board before, it's quite difficult to see a white knight seeing much more value in Carclo than Consort could. Since we don't know the level of the Consort revised proposal, it's difficult to say what that cap is. But we can fall back perhaps on the 2nd July Carclo statement that the 116p proposal "in no way reflected the fundamental value of the Company". So now I imagine institutional holders will be putting pressure on the Carclo board to take actions in the near term which get the share price closer to that fundamental value that the board claim to see. It's good to see that Axxion continued to buy post deal-collapse, buying on both the 7th and yesterday. It would be nice to see other shareholders and indeed the board themselves showing confidence in the board's valuation and adding to their holdings while the shareprice remains below 116p.
1gw
08/8/2018
14:56
I now understand. I'm new here and trying to learn. n.b. yes they were 8.5s!
thelongterm
08/8/2018
14:05
Peel Hunt are Carclo brokers and as such had to report all agency business they transacted during the Offer Period. Normal stuff.
queeny2
08/8/2018
13:45
Those were 8.5s weren't they? ie buying and selling as an intermediary on behalf of various clients.
1gw
08/8/2018
13:23
Now at 91p it is still higher than the price of 80.28p on the 29th June just before the announcement of the approach! Also I don't understand Peal Hunt (who reported a Consort connection) in their 8.3 filings they kept buying AND selling, making/losing small sums, why? I could understand day traders doing so.
thelongterm
08/8/2018
12:45
Today's RNS shows Axxion are still buying - they now have 4.6m shares, 170,000 shares more than the previous day.... Http://uk.advfn.com/stock-market/london/carclo-CAR/share-news/Axxion-S-A-Form-8-3-Carclo-plc/78029487
rivaldo
07/8/2018
18:58
oh, i see at top of page ... "The latest forecasts are (as at 11th June 2018): - to Mar'20 - 12.45p EPS (consensus forecast from 2 analysts) - to Mar'19 - 11.17p EPS (consensus forecast from 3 analysts)"
queeny2
07/8/2018
18:57
rivaldo can you remind us of broker forecasts, and if any updates from Peel Hunt following the end of the bid period? thanks
queeny2
07/8/2018
13:41
Poor management of this company continues.
overmars
07/8/2018
12:59
Without the onerous pensions deficit I suspect the whole saga would have played out very differently. TOO MUCH DEBT
bigtbigt
07/8/2018
10:43
Guess I was right (again!!!)
gordongekko4
07/8/2018
10:30
...so on the other hand....:o)) From our POV it's just speculation as to whether Consort were trying it on cheaply from CAR's perspective, or whether Consort were unhappy with the books or prospects, or whatever. We'll never know. CAR's statement that they are "highly" confident going forward is unusually strong. It'll be interesting to see whether CAR's primarily institutional shareholder base give any indications in public as to their happiness or unhappiness with the whole bid situation etc.
rivaldo
07/8/2018
10:09
"The Board of Carclo remains highly confident in the Group's prospects and standalone strategy." economical
queeny2
07/8/2018
10:02
Remslie - Or another possible scenario: they are engaged in selling Wipac and the resulting balance sheet would make the maximum price that Concord have in mind look unrealistic...?
pldazzle
07/8/2018
09:58
Should read white knight
remslie
07/8/2018
09:53
There is another interpretation which is that Carclo have always had more viable acquirers than consort. When the bid came in they turned to a white night to bid and these negotiations are on going. Their pension deficit is now going the right way and they are rebuilding their balance sheet The game may not be over..... Either way it does sound as if the company is on the turn if we can avoid a recession in the next 24 months and we are a long way off previous highs. It is hard to believe if they wanted to extract shareholder value they would not seek out a stalking horse.
remslie
07/8/2018
09:25
Initial thoughts: As usual no statement from Carclo. This *should* mean that they are surprised by this morning's announcement, rather than simply incompetent or having nothing to say ("confident in independent future, always unsolicited and unnecessary approach, etc etc") but it's hard to tell with them. IF they are surprised, I'm surprised, and have no idea what to think, except that discussions were not entirely amicable, Consort felt unreasonable in terms of give and take, CAR playing too much hardball on price/terms? This doesn't feel right to me though, unless the new Chair brought a whole new dynamic and relishes the job for the next few years, rare for a deal like this to just self-destruct like this. The most gloomy interpretation for us is of course that they had a good look at the books and a week before they needed to ran away screaming shouting 'fire'. In which case (or in either case really) we are back to what's it worth. After a month of eye off the ball and some exceptional costs. The one thing I do not see is this deal back on.
queeny2
07/8/2018
09:06
What chance share price now drops back to the 80's? High (imo)
pugugly
07/8/2018
08:48
It means carclo have to improve the business to get the share price value back, unless someone else wants to do it for them, but at what price takeover?
nick rubens
07/8/2018
08:36
Oh dear. That's not so good...
1gw
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