Carclo Share Discussion Threads

[9degrees] 17/4/2019 09:09

deep sh*t how does it recover from these woes? . So sad- been investing in and following it for years when it once had the world in its palm.
even a buyer will want to get it for nothing. The pension deficit will see to that .

[escapetohome] 17/4/2019 09:04

This company is struggling in Europe.

Is europe so good for business?

[escapetohome] 17/4/2019 09:03

I got timing totally wrong with this one, only invested £900 though as a gamble.

It seems some big purchasers did too.

I must be at 50 % loss.

Not pretty.

[nick rubens] 17/4/2019 08:49

I've been going off the idea of owning shares over the last few years. The same pattern seems to repeat itself with debt for shareholders and generous pay for directors and others.

[rivaldo] 17/4/2019 08:38

This is an incredibly sad story. Three cracking and potentially superb core businesses hobbled by over-expansion, hubris and poor management/decision-making.

I live in hope that CAR can get out of this with renewed loan facilities and no or a small-ish fundraising, particularly if supported by their customers and banks as seems to be the case per today's RNS. But I wouldn't bet too much on it!

[owenski] 17/4/2019 08:36

Avoided this ever since it axed the div.

Bargepole.

[elsa7878] 17/4/2019 08:31

Fundraising.....has to be....bank is not going to roll over £30 million debt

[currypasty] 17/4/2019 08:28

20p market unimpressed

[1gw] 17/4/2019 07:17

A fairly broad hint there that refinancing these loans is not going to be easy.

Step forward Duroc, perhaps, with an offer to put them out of their (and our) misery?

[discodave4] 16/4/2019 22:54

Nortic 007 is a troll, beware.Oops wrong board

[escapetohome] 16/4/2019 21:38

Someone please put this company out of its misery.
It cant even do well “”in europe”” with all the “trading advantages” europe offers.
It is hopeless.
The management are poor excuse.
They are making the wrong decision and poor vision.

This will go from bad to worse, steep decline.

No confidence whatsoever at all in this company. This is a finished entity ripe for new management and a fresh start.

Existing management hang on to take a salary only.

[beeezzz] 16/4/2019 21:08

BOD need to come clean to WTF is going on, its not good enough, under performing is par for course..These are making my SIPP look very sad...

[meijiman] 16/4/2019 16:13

if these clowns can't shake a leg it could go t*ts up

[denc] 16/4/2019 15:43

How low can if go?

[9degrees] 01/4/2019 14:24

minimum £3m to be provided against pension deficit in 2nd half 2018/19

[garth] 01/4/2019 07:18

hvs 31 May '03 - 20:09
0 0 1
A classic ten bagger ,

Cap of only £ 12.5 mill .Minimum £ 120mill turnover . Assets of over 80p and cash
flow of £ 8 mill minimum per year .

Can it get any better .

A BARGAIN.

[meijiman] 30/3/2019 09:42

What they really meant was ..'we wish to retain our cosy jobs and not be given the tic tac when the new owners realise how hopeless we are'.

[escapetohome] 30/3/2019 08:47

May i suggest a very very very large pay cut for non delivery.

Perhaps theyll wise up.

Only way to do, hit em where it hurts.

[1gw] 29/3/2019 18:21

At least you sold after the bid collapsed queeny! Very smart move as it turned out.

What was the board thinking (other than "Make a better proposal, Consort!") when they put this out on 2nd July, which presumably helped convince some shareholders (maybe even me) to hang on in there after Consort walked away?

"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.

The Board is confident in Carclo's standalone strategy and growth prospects and believes the Company's long-term value should not be affected by the challenges which management are addressing. This process will be strengthened by the announced appointments of Mark Rollins as Chairman, Sarah Matthews-DeMers as Group Finance Director, and Joe Oatley as a Non-Executive Director, all of whom take up their respective roles this month."

And even after Consort walked we had, on 7th August:
"The Board of Carclo remains highly confident in the Group's prospects and standalone strategy."

[queeny2] 29/3/2019 15:44

:) I was extremely happy with my long during the bid, would do same again. Reasons why bidder ran away unknown, but defo to do with CTP, whether a worse fit than they thought, or a worse business we don't know. I trusted their pre deal due diligence. Very rare indeed for a bid to get to that stage and collapse immediately they see the books management and business.

[currypasty] 29/3/2019 15:13

queeny, I guess the safest for any future instances, would be to short a share that's announced a bid.. chances are it wont be accepted, or buyers will run when they look further.. only downside would be a counter bid, but that wouldn't be much higher!