Carclo Share Discussion Threads

[wigwammer] 29/4/2020 11:13

..but I'm not sure gossiping about the management team enlightens a great deal.

[wigwammer] 29/4/2020 11:09

This share is really sick..

[wigwammer] 29/4/2020 11:07

Probably doing well with it cos it was the best bit.

[meijiman] 29/4/2020 10:51

Carclo is hardly going to attract the highest calibre people to its Board. What gets me is that Avingtrans bought the best bit of Redhall (Booth). They seem to be doing well with it and reading between the lines implied it had been completely mismanaged.

[wigwammer] 29/4/2020 10:20

He was also the chief executive of Cape PLC, which was sold at a 46% premium in 2017.

[bamboo2] 28/4/2020 19:27

Bought a few yesterday on the potential turn mentioned earlier in the thread.
Given the small quantity of trades, and low volume, why the price monitoring rns?

[wigwammer] 20/4/2020 09:35

It was only 2 years ago the shares were valued at over £1, and consort made an approach at £1.16 (later withdrawn). Even then - the pension deficit was £30m. This seems like the totally wrong valuation and the trustees would be well advised not to screw themselves, pension holders and shareholders by making a bad choice.

[wigwammer] 20/4/2020 09:25

Surely the best bet for trustees is to let the shares multiply on the back of the improving CV business - then encourage owners to issue equity at the higher levels to cover the pension shortfall.

[topnotch] 15/4/2020 18:46

Think it may hit the 6p mark this week but price action looking very interesting....

[beeezzz] 08/4/2020 21:06

Two institutional investors reducing their holding...

Picked up some more to bring my BE down...to a reasonable price...can't see share price staying at these levels for too long...

[rivaldo] 08/4/2020 12:30

Good to see buying coming in now at 7.88p. The share price was at 5.25p or so before the info about the COVID-19 response was posted, so a 50% jump isn't too bad at all....

Last year's year end update was on 17th April, so I'm assuming this year's is coming soon.

Judging by the article from the USA, trading and prospects at CAR's global medical facilities should be terrific. This will probably be slightly offset by reduced forecasts for the much smaller Aerospace division during the virus lockdown.

As an aside, by pure luck the timing of the disposal of Wipac in late 2019 for a total £11.5m was perfect given the collapse in the auto industry since then (which imo is unlikely to ever recover to prior levels, but that's another story). At least that's one thing the management here got right.

[gordongekko4] 08/4/2020 11:07

Peel Hunt dumped it all on the clueless retail investors... sad

[iamgreat1] 07/4/2020 08:20

P n d as usual

[wigwammer] 06/4/2020 17:44

Because your question is loaded. If large shareholders are working behind the scenes to sort things out, that may bode well for smaller holders (in contrast to your suggestion).

[bottomfisher] 06/4/2020 17:40

Wigwammer. Perhaps its too much to expect a serious response to a legitimate question. Explains why I rarely post on any of these boards.

[wigwammer] 06/4/2020 16:37

The only thing I'm taking from that is that bottomfisher missed the bottom :)

[bottomfisher] 06/4/2020 16:32

Whilst the US news story is a welcome sign, there is still the unanswered question of why Mark Rollins, Carclo's chairman, quit with immediate effect less than a fortnight ago. He had been chairman for less than two years and can hardly be blamed for Carclo's failings - they date back to the old management and board. His departure is an ominous sign since it could suggest that a rescue deal is being cooked up behind the scenes by Carclo's big shareholders which will leave very little for small shareholders. Was interested in Meijiman's comment that perhaps Carclo could rebound a bit like Avon. Carclo certainly has some knowledge in this area since Peter Slabbert, Carclo's senior independent director who takes over temporarily as chairman, spent 15 years at Avon, almost half of it as chief executive.

[bamboo2] 06/4/2020 14:33

rivaldo, thanks very much for mentioning this earlier.

Turn on my chart was 18/3/2020
Next potential turn 24/4/2020

Current tp 19

Historical resistance 10, 19.50, 33, 56

[ntbb] 06/4/2020 14:22

Looks good to me, 9p getting smashed

[imjustdandy] 06/4/2020 14:09

Read the results again and understand why they are disposing of that business. Add those losses back and come back with the true underlying performance. Did you miss buying at 4p ?

[iamgreat1] 06/4/2020 14:03

Hence why peel hunt are reducing their holdings here

[iamgreat1] 06/4/2020 14:02

Let's not forget last years results DOWN GBP9.5m to GBP1.3m-- After exceptional items of GBP13.9m and the unaudited proforma exceptional price concession of GBP7.1m following the exit of the Group's mid volume automotive business, the statutory operating loss was GBP12.6m (2018: profit of GBP9.9m) with statutory loss before tax being GBP14.7m (2018: profit of GBP8.2m)THATS A BIG LOSS OF 12.6m folks

[imjustdandy] 06/4/2020 13:52

Going back to 50p on a curve ball from the left.

[iamgreat1] 06/4/2020 13:51

Let's not forget last years results DOWN GBP9.5m to GBP1.3m-- After exceptional items of GBP13.9m and the unaudited proforma exceptional price concession of GBP7.1m following the exit of the Group's mid volume automotive business, the statutory operating loss was GBP12.6m (2018: profit of GBP9.9m) with statutory loss before tax being GBP14.7m (2018: profit of GBP8.2m)THATS A BIG LOSS OF 12.6m folks