Carclo Share Discussion Threads

[spudders] 06/2/2019 13:57

If more follow suit I'd be concerned, maybe he has a plan! Someone at Carclo needs one. I remember the old days when Robbie Burns & the deceased Schwartz rated this company highly!

[1gw] 06/2/2019 13:47

So that's the same Chris Malley who was CEO when Carclo rejected out of hand the 116p proposal from Consort?

"The Proposal valued each Carclo share at 116 pence to be satisfied in new Consort shares.
The Board of Carclo (the "Board") discussed the Proposal, together with its advisers, and concluded that the Proposal in no way reflected the fundamental value of the Company. Consequently, the Board was unanimous in rejecting this opportunistic approach on 01 June 2018."

[owenski] 06/2/2019 13:39

Director dumping 50 grands worth, says it all, if this was any good they'd be buying at these levels not dumping.

Bargepole stock

[spudders] 06/2/2019 13:35

Director selling 50% ish of holding, that's a vote of confidence, Not

[queeny2] 06/2/2019 12:02

lolz malley

[baner] 04/2/2019 18:53

no need for a fund raising here. this is most likely axxion selling out the shares they bought at 80-100p. not clever buying them, not clever selling them ?

[pugugly] 01/2/2019 19:20

This is starting to smell as though there is a deep discounted rights offer being worked - More volume in the last week than in the last month - or it is an Istitution cleaning out the dross and salvaging what cash they can -


Possibly the latter as Axxion S.A.dropped to 6.47% from 7.01% a REDUCTION OF 462,500 - And still a lot to unload -If they are selling out completely - Say some 4.7 MILLION still to be flushed out - So how little will the take?

[queeny2] 01/2/2019 14:25

denc still alive eh?

this managed to inflict a nasty nip on me during the offer period, I was short going in then very long during, but exit was much better than it could have been.

but it continues to surprise - having taken the bidder's departure to mean that ctp had no great value even to a trade buyer, whoops up pops led to surprise on the downside.

shoulda woulda gone short after the bid but there you go.

[meijiman] 01/2/2019 14:07

What a complete and utter disaster this has turned out to be....the quicker some new ceo is brought in the better. I gather the talking parrot at B. Smarts turned down the ceo position as being beneath his capability.

[denc] 31/1/2019 14:00

Hi QueensRemember the days of the " world beating screen technology etc". I did tell them.

[bigtbigt] 25/1/2019 11:47

What... they actually interview these guys (clowns)?

[meijiman] 24/1/2019 09:14

Ceo interviews currently taking place at Billy smarts circus.

[rivaldo] 23/1/2019 13:56

New note out from Edison FYI:



New forecasts, and a 74p-79p valuation range:

to March'19: 7.1p EPS
to March'20: 7.9p EPS

It's typical of CAR that they should do so well and promise so much in winning prime mid-volume lighting programmes for new car models - and then muck up the transition and implementation.

Let's hope that this is the low point and the problems are being (slowly) resolved as suggested. If so, there's considerable scope for recovery in the medium/long-term. Meanwhile, the share price will probably be range-bound until the year end trading update in early April.

[queeny2] 17/1/2019 17:16

Ah ok I hadn't come across them before. Good luck to them. I'd say no chance of getting any other shareholders particularly excited about lobbying for ... what exactly? A better run company maybe. But they have a new chair, new fd, and shortly new ceo anyway. If they can afford 3% of Menzies they can afford 20% of this!

[1gw] 16/1/2019 22:08

queeny - quite right about Lakestreet buying in during the takeover period, I'd forgotten. Through the dealing declarations they got to 3.43% on 18th July according to my spreadsheet, so today's declaration at 4.03% means they've only added 0.6% since then.

But I've seen them as activists (e.g. in Mnzs), not just arb players (edit: and in fact I don't have a record of them selling Consort so I don't know that they were trying to arb the Carclo-Consort situation), so I am hopeful that they will continue buying and that they will be lobbying the board and/or other shareholders for specific structural changes (e.g. sale / split) they think might recoup a bit of the loss they must be sitting on.

Here's a link to where they got involved in mnzs:

[arthur_lame_stocks] 16/1/2019 17:16

I was just reading the trading statement again and it reads to me that the LED division took on more business than it could handle and the faliure to deliver has damaged customer relationships. I guess it could take time to rebuild that trust.

[queeny2] 16/1/2019 13:53

Iirc they're the stale arb who bought in heavily during the bid. Now enjoying the roach motel nature of their investment.

[1gw] 16/1/2019 13:33

Lakestreet - so that's an activist taking a position isn't it? Here's hoping.

[queeny2] 12/1/2019 12:03

The new chair, now executive chair, plus new fd, was supposed to be exactly this, they've been there six months.Absolutely agree re contract manufacturer should be able to manufacture and deliver to contract. Still cross about their dishonesty in October trading statement and half year results. Terrible start for the two new brooms, very confidence shaking (not that I had any, but was prepared to give new two benefit of some time).

[owenski] 12/1/2019 09:27

Rivaldo, I've always thought this stock was some sort of Achilles heel for you. I always have a look at what stocks you are involved in as I rate you quite highly as a stock picker, but you've banged the gong on this dog for quite a while and I've never understood why. Still, in fairness I've been in some dogs in my time, not everything works out as we'd hope. Best wishes.

[owenski] 12/1/2019 09:23

For me the interesting potential was some time back when they were involved with touch screens.

That turned out to be a dud and consumed a lot of time and energy.

The bargepole moment came when they axed the divi over pension funding obligations.

Until they reinstated the divi and thus showed healthy cash flow flowing back to investors, I simply wouldn't touch it.

Finally, being that at heart this is actually a contract manufacturer and they cant seem to do their core offering I'd argue there is some kind of systemic incompetency within the BoD at CAR and until they are replaced with some industry experienced players it remains a bargepole stock.

[meijiman] 12/1/2019 09:14

Can't see any half decent ceo type wanting to come here with the ex ceo clown lurking down the corridor. An utterly shambolic company. At least one of the non-execs has some credibility-wonder if he could help get a grip on this mess.

[cashflo] 11/1/2019 23:19

Curiosity brought me here. Knowing nothing whatsoever about the company I just clicked on the thread.

Just my thoughts after looking at the drop, an often familiar tale. How do these companies do this? years of business and obviously profits and then the rot sets in.
and something that was highly successful and promising turns so cack so quickly.

reminds me slightly of jarvis years ago probably late 90's actually.