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CAR Carclo Plc

7.45
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 7.45 7.00 7.90 - 77,708 16:29:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics,resins,elastomers 143.45M -3.96M -0.0539 -1.38 5.47M
Carclo Plc is listed in the Plastics,resins,elastomers sector of the London Stock Exchange with ticker CAR. The last closing price for Carclo was 7.45p. Over the last year, Carclo shares have traded in a share price range of 7.00p to 15.00p.

Carclo currently has 73,419,193 shares in issue. The market capitalisation of Carclo is £5.47 million. Carclo has a price to earnings ratio (PE ratio) of -1.38.

Carclo Share Discussion Threads

Showing 18051 to 18075 of 20350 messages
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DateSubjectAuthorDiscuss
29/7/2019
09:23
Bid dropped to 10.55p hmm
sbb1x
29/7/2019
09:20
New 52 week low ... 11.3p
sbb1x
25/7/2019
14:21
Delay to account

Big black hole?

onjohn
22/7/2019
07:24
It seems the BOD is gaining some valuable time here. The CTP performance is highly impressive and if Wipac can be sold to a strategic buyer willing to take a longer term view on the underlying, excellent, business - then we could well see Carclo earning 5p/share on a pro forma basis. Once the financial position has stabilized, the shares should bounce back significantly - 40-50p is totally realistic in 12-24 months time. High risk/high potential reward.
baner
22/7/2019
06:45
So it has all been down to Wipac has it

BOD should have flogged it off yonks ago


This strategy is likely to result in a non-cash write down of some project assets in the accounts for the year ending 31 March 2019 and work is currently ongoing to quantify the amount of the write down.

Today the Wipac business is incurring significant losses.

NEW BOD and flog all loss making bits , shed staff involved

Or go bust

buywell3
22/7/2019
06:41
What do you bet Wipac headed in Duroc's direction? Looks like there may be some hope if they can complete the disoosal on reasonabke terms.
1gw
19/7/2019
22:16
Must be a very popular kebab shop for high flyers...
diku
19/7/2019
17:35
Finals, Tuesday. Here’s hoping for some good news!
spudders
19/7/2019
14:22
Indeed..the new management recruitment poster has been placed in a Wakefield kebab shop window.
meijiman
19/7/2019
14:09
How has... to 12p ??

Incompetent management! ...there is no way this can now be put down to a bit of bad luck, or transient adverse climate

They are driving with blind and stupid people at the wheel

bigtbigt
18/7/2019
22:05
How has this collapsed from 175p to 12p...
diku
18/7/2019
20:50
Yep.... Looking pretty depressing..

Low share issue makes even small sells push the stock lower.

beeezzz
18/7/2019
11:24
Incompetent management obviously the problem.
Until they are completely replaced this is hopeless
And unless they are I suspect it will go belly up

bigtbigt
17/7/2019
20:48
hopeless deadleg management has been the issue for many years
meijiman
17/7/2019
20:26
looks more like 14p, it went quickly down to that level, company has been a disaster since the fine line tech went pop..

If the company survives there must be a buying opportunity soon, BOD need to make statement on future plans.

beeezzz
17/7/2019
12:21
Market cap £10M - Share price movement suggests CURRYPASTY correct - At a wild guess either calling in the liquidators or a massively discounted rights offer at say between 5p and 7p - Very painful -

Any other guesses?

pugugly
17/7/2019
10:40
someone knows something!
currypasty
17/7/2019
10:35
Not looking good here...........
meijiman
16/7/2019
20:48
Yep it looks like it will be long haul, the older you get less time you have to recover losses.. You can only spend the rewards while alive.
beeezzz
04/7/2019
09:16
NOT INVESTED HERE, but once was - long ago.

Contrary to Rivaldo's never-ending BUY recommendations, for years I've been saying that they should ditch LED and big up on TP.

This latest announcement gives me some confidence that the company might survive, but it's going to be a long haul.

Was the CFO the problem, or did she just give up on persuading the Chairman that the strategy was leading to the company's inevitable demise.

Good luck!

Lupo di Mare

poikka
04/7/2019
08:43
Very worrying statement.But another example where automototive demands can overwhelm even good companies.The swift departure of CFO would worry me if I was shareholder at AB,just how involved was CFO in strategy and its implementation.
charo
04/7/2019
07:32
rivaldo

i think you are very much on the right track here. assuming they get rid of Wipac the EBIT should land at ca £8-10m with EBT of maybe £6m (net of pension top up). EPS should be 6-8p which given the good quality of the remaining businesses should b rewarded with a 12+ PER = 75-100P share price. we are not there yet and there are of course risks and uncertainties involved, however the risk/reward now looks rather tempting.

baner
04/7/2019
06:44
Yep, relative to most recent CAR RNS's this appears to be good news overall...

- the banks are being supportive in deferring covenant tests
- Aerospace and Technical Plastics Divisions are performing slightly ahead of expectations
- takeover approaches for Wipac
- 8.7m euros received for Wipac tooling to pay off suppliers, debt etc

With Wipac incurring "significant" losses, the sooner this turnaround plan is implemented the better. If Wipac can be sold then all the better.

What a farce this has become - and I note the CFO has jumped. Even more amazingly, she's found a great new job at ABDP.

If Wipac can be disposed of, there may yet be a very profitable business to arise from the ashes.

rivaldo
04/7/2019
06:21
"a number of approaches from parties, both trade and financial, interested in the potential acquisition of Wipac"

That has to offer a glimmer of hope surely? Not just Duroc then.

1gw
03/7/2019
20:38
This company should be investigated, shareholders are being shafted as usual..
beeezzz
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