Carclo Share Discussion Threads

[queeny2] 21/4/2019 16:23

Duroc have no more visibility than anyone, but a 13% 'expert' activist shareholder continually adding does provide some comfort. I've known it to be false comfort in the past.

In any event they can't do anything until the current bank covenant issue is sorted, you would think the board will decide equity raising is needed as part of that, but that's hard until and unless stability and a coherent plan appear. Atm it's still fire-fighting in both divisions afaics with no declaration that the light is at the end of the tunnel.

Which leaves emergency rights issue with poor information, ugh, or the passage of more time.

[newtothisgame3] 21/4/2019 15:45

Carclo Shares Drop As Annual Profits Are Seen...

[newtothisgame3] 21/4/2019 15:45

Manufacturer warns £5m exceptional costs will hit full-year profits

[newtothisgame3] 21/4/2019 15:44

#Carclo PLC (LON:#CAR) shares tumbled 27.8% to 20.1p in early trading after the plastics maker warned that its profits for the full year had fallen below expectations.

[kiwihope] 18/4/2019 15:20

Sad story for sure. Obviously glad I bailed out in January after the profit warning - too much debt. Hopefully there will be some sort of recovery but now not for me.

[rogerrail] 18/4/2019 14:48

I should add in case it has escaped anyone's notice that just under 4m shares in four trades @ 20p a little after 1pm looks like a single seller/buyer.

[rogerrail] 18/4/2019 14:44

I believe it is the highest price in 3 months for a non mandatory offer. Another 6% traded today, perhaps we may see an offer from Duroc at the end of june?

[pugugly] 18/4/2019 11:15

MM's playing games - possible to deal well within spread.

[rivaldo] 18/4/2019 10:34

Duroc up to 13% (from 10%):



Interesting biography - certainly a focus on acquisitions rather than pure investment:



"The Group’s origin is Swedish, but operations are conducted both in Europe and in the United States. Our strategy is to continue to invest in our subsidiaries as well as focusing on opportunistic acquisitions in existing or related areas."

"OPPORTUNISTIC ACQUISITIONS

Well-developed acquisition model
Potential acquisitions shall contribute to customer benefit
Looks for development potential in acquired business
Strong confidence in the subsidiaries’ own ability to develop the acquired businesses
Untilization of existing platform and resources
Aiming for acquisition objects that share Duroc’s values
Acquisitions can take place within new as well as adjacent sectors"

[diku] 17/4/2019 23:27

Another banana skin...insiders laughing all the way to their bank...

[queeny2] 17/4/2019 22:29

1gw I haven't focused on duroc, what do we know about them?

[1gw] 17/4/2019 22:19

It will be interesting to see if Duroc were buying today.

According to their 2 press releases they've invested 42m SEK so far. Their declared holding is 7.35m shares or 10% of the company. At the current xrate that's around £3.5m invested at about 47p/share, according to my calculations. Lots of volume today so a good chance to mop up and average down if ultimately they believe there's a business here that they can turn round and they want to take control.

Given their high historic purchase price (relative to today's price) it seems unlikely they would contemplate launching a full bid until either the share price recovers or 12 months have elapsed since their higher-priced purchases. So perhaps the best we can hope for in the near-term is that they continue to accumulate. I wonder if they would be an option to replace at least some of the bank funding - offering to buy shares up to the 30% level, or maybe even beyond if they are relieved of the obligation to make a mandatory bid when they cross 30%. Effectively they might be an option to get a placing away without too much further discount to the current price.

[batham1] 17/4/2019 18:04

Late bounce off the bottom...hope it continues tomorrow!

[owenski] 17/4/2019 11:09

Must be close to being in the 90% club, quite surprising really.

Management need to go imo.

[yump] 17/4/2019 10:59

That name was taken years ago by... well take your pick !

[queeny2] 17/4/2019 10:29

It is sad.

[currypasty] 17/4/2019 10:29

£1.75 to 19p in under two years... at least directors still drawing their fat pay cheques

[kemche] 17/4/2019 09:58

MBA course material on bad management. Can they get any more useless? Total car crash of a share.

[9degrees] 17/4/2019 09:35

nick - try victrex up today solid co in good market

[currypasty] 17/4/2019 09:28

difficult to call looking forward, a 'white knight' may appear and make an offer, or they could run out of cash and funding options and do a Debenhams .. place your bets......

[nick rubens] 17/4/2019 09:26

escapetohome "when so many of my shares are doing well."

Could you possibly share some of the shares are doing well for you? I can't say the same for myself.