Carclo Share Discussion Threads

[wigwammer] 23/12/2020 08:04

Highly leveraged co with things starting to point north. Great news :)

[rivaldo] 23/12/2020 07:13

Terrific news this morning, bringing in £10m-£15m per annum of additional turnover for 10 years, from a "major global OEM for the manufacture of complex medical diagnostic disposable devices":



This is just the sort of agreement which CAR have always been capable of achieving - as others have stated, this is a major enterprise masquerading under a £9m m/cap dragged down by pensions and debts. Perhaps at last they're negotiating a route back towards prosperity.

[1gw] 23/12/2020 07:11

There it is then: significant capital investment to scale up capacity.

Can they get it right this time? If so, the future could be bright. Interested to see the market reaction today.

[2magpies] 22/12/2020 12:22

Well, thanks for stating the obvious.

(not that the 'obvious' needs to be stated)

Nevertheless, your deep and considered analysis (be it ever so bitter and resentful of something .. it's a mystery as to what exactly it is) would always be welcome.

One hopes that you do not hold, and have never held CAR -- and have never been an employee, contractor, consultant, competitor of CAR .. or been involved in ANY way whatsoever with ANY person wo was, is, or has ever applied to be an employee, contractor or consultant, or was in ANY way whatsoever a competitor of CAR.

Hopefully you will also have moved on to some other stock in 2021, which makes you just enough profit to help erase any residual bitterness towards CAR.

Best wishes.

[beeezzz] 17/12/2020 21:48

Seems to be seller - 100k sell today...

[2magpies] 17/12/2020 09:07

The most important thing, imo of course, is to make a profit.

Someone very wise once said: 'no one ever went bust making a profit'!

They have to start squeezing a lot more profit out of that £100m+ of revenue.

[wigwammer] 17/12/2020 05:49

Loads - thank you for conceding that Carclo is a much larger enterprise than proteome, and hence comparisons of executive pay between the two businesses do not tell us a great deal. Re insolvency - history is replete with businesses with large liabilities that went on to recover. Some were fantastic investments - AAZ, POG, EIG, SKP etc etc.. 10 baggers. Some go under. But simply suggesting that an investment with large liabilities must be a bad investment is factually and empirically incorrect. ATB

[loads2] 16/12/2020 22:04

See my post 1997. No association with CAR past or present.

[2magpies] 16/12/2020 21:19

loads2 : a bitter ex-employee?

surely not.

[tradertrev] 16/12/2020 18:53

I write as someone who sold half my 6.5p shares at 13p on the way up and would quite like to buy them back!

[tradertrev] 16/12/2020 18:51

Having a negative balance sheet is only "technically insolvent". Being actually insolvent is when you can't settle your liabilities when they fall due. Given our biggest liability is the pension fund deficit, which is an ultra long term liability and which moves around a lot, it's flat out wrong to call the company insolvent.

[loads2] 16/12/2020 17:56

re post 2008 - agreed re the enterprise value which is 10 times proteome. the higher enterprise value of carclo is already reflected in carclo's current share price

something substantial happened at carlo's last interim results - the business is now insolvent with a negative balance sheet.

Very few businesses (least of all ones with high enterprise values) are listed on the stock market which are insolvent. The market is being very patient with carclo.

the new expensively constructed exec team need to deliver very soon.

the interims draw attention to there being solvency problems and issues of possible failure in the 1st half of 2021 - they say they expect the banks to give them a waiver - will they get a waiver? who knows? but they clearly have some arrogance here in expecting a waiver

[2magpies] 16/12/2020 12:52

well, CAR is not for loads2: that much is clear.

hey ho!

[loads2] 16/12/2020 12:46

Page 51 of the blue link you provided states cfo remuneration at 250k pa

[wigwammer] 16/12/2020 12:44

2mags.. it was £50k for 2 months pay.I think where Loads criticism is unfair is that the companies he quotes are nowhere near the scale of Carclo, which has an enterprise value around 10x that of Proteome. Yes the market cap is small - but the enterprise is substantial.

[2magpies] 16/12/2020 12:33

loads2

(post 2005)

I never click on links posted by 'non-blueys'. Sorry!

[2magpies] 16/12/2020 12:31

loads2

Page 52:

CFO was on £50k

where did you get the £250k from?

[loads2] 16/12/2020 12:24

It was on here. Maybe ask CAR about fees and payments to rec cons

www.odgersinterim.com/uk/how-we-help/assignments/

[2magpies] 16/12/2020 11:56

Yes, to me it's clear things have got messy at the top.

The only way is up?

We shall see.

In the meantime, here's some reading (loads2 .. page 29 ..'Remuneration') --- enjoy:

[meijiman] 16/12/2020 11:41

It suits everyone ..this high pay. CEO has to earn more than the FD! Nice little earner here. Not good for shareholders though. Got to hope the management is better than the bells who ruined the company. Company seems to specialize in appointing clueless types.

[loads2] 16/12/2020 11:24

Re Phil White
Very common name.
Not the same Phil White who is executive chairman of lookers plc.

[loads2] 16/12/2020 11:08

Look at similarly sized pics by market capitalisation eg proteome sciences plc, corero plc etc etc.

Look at the remuneration of the CFO at these comparably sized pics. Why does carclo pay its exec team so much? Can it afford to do so? How do such large emoluments (past present and future) at carclo help shareholders, debt holders and the pension fund?

Yes it's a big deal the level of emoluments at carclo plc and these emoluments can be benchmarked against those earned at similar size businesses with similar market capitalisation.

Who is deciding these astronomical emoluments at carclo?

[2magpies] 16/12/2020 09:45

You still haven't said anything about where the supposed advert was? Can you provide source?

Also, the departing cfo, is departing? so why are you getting so hung up on what he WAS being paid?

[loads2] 15/12/2020 18:42

Departing CFO stated emoluments of £250k pa. Public info.

New CFO Phil White boasts on LinkedIn being a consultant doing Interim CFO. Also director in his own limited company. Public info at Companies House.

Good question to ask CAR - how does Matt's (the departing CFO) remuneration compare with Phil's. Is this good value for shareholders?