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CAR Carclo Plc

23.30
0.70 (3.10%)
31 Jan 2025 - 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 Shares Traded Last Trade
  0.70 3.10% 23.30 86,964 16:35:22
Bid Price Offer Price High Price Low Price Open Price
23.00 23.60 23.00 23.00 23.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics,resins,elastomers 132.96M -3.3M -0.0449 -5.12 16.59M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:51:07 O 33,380 23.30 GBX

Carclo (CAR) Latest News

Carclo (CAR) Discussions and Chat

Carclo (CAR) Most Recent Trades

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Carclo (CAR) Top Chat Posts

Top Posts
Posted at 02/2/2025 08:20 by Carclo Daily Update
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 22.60p.
Carclo currently has 73,419,193 shares in issue. The market capitalisation of Carclo is £16,886,414.
Carclo has a price to earnings ratio (PE ratio) of -5.12.
This morning CAR shares opened at 23p
Posted at 30/1/2025 08:12 by johnrxx99
Does anyone think CAR is going to do the results it says it will?
Posted at 02/1/2025 11:06 by wigwammer
"I'm entitled to my opinion and entitled to post it here." But your opinion is repeatedly misleading. You did not call the shares down from 40p as you suggested earlier, but have been negative on the shares from well before then. And any objective assessment of the share performance might note that Carclo was one of the very top performers of 2024. Yet you didn't "make a bean" on it, and still believe you are calling everything right. Perhaps if you didn't bound in here shouting your negative "opinions" at people who HAVE called it correctly (opinions which have now been corrected on multiple occasions) then people might have more time for your view. Happy new year.
Posted at 02/1/2025 10:09 by arthur_lame_stocks
valueinvturn

I think I'm right in saying CAR has a property portfolio valued at about £23m, presumably freehold and there may be substantial unrealised value in this if they are freehold. However, if they arrange a sale and leaseback of these properties to pay down debt they will then have another liability on top of the pension fund deficit payments which will be a drain on cash as much as the debt interest is.

Ultimately, I believe if there is upside in these shares it is all in the property and not the prospects for trading.
Posted at 01/1/2025 18:57 by arthur_lame_stocks
One thing CAR does appear to have in its favour is a large property portfolio.
Posted at 31/12/2024 11:09 by wigwammer
Lame stocks. Deficit repayments should not be deducted from net income/free cash flow, any more than debt repayments should be deducted from net income/free cash flow. Is this not a fact? And as free cash flow is used to repay deficit and debt commitments, an increasingly large proportion of the enterprise value belongs to the equity holders, which typically results in a rising share price. So when you claim "large cash payments are going to repay the pension deficit" - what you are actually stating is that free cash flow is being spent making the equity more valuable. Well exactly. Hope that helps.
Posted at 30/12/2024 13:08 by saadia110
It was in his weekend review available on X. It was just one sentence in the middle which read like "still holding CAR (reduced)". I think he is wrong to reduce. He sold out of OTB around 150ish and then on results bought back in (opening was 180) so much higher price. It is now 240+. So he does make mistakes and people should not see him as being infallible.
Posted at 30/12/2024 12:26 by imjustdandy
£17m mkt cap for a co generating c£7m in free cash ? Schroders were increasing their stake from 18% to 19% at higher share prices than current price. Looks good value now
Posted at 26/12/2024 17:50 by arthur_lame_stocks
hi valueinvturn.

There are a number of factors I think combine to make CAR a deeply unappealing investment, mainly, poor cashflow and high net debt, a very large pension fund that is in serious deficit and despite being a long time liability this deficit still needs to be paid from cashflow every year. Also the assumptions they use to calculate this deficit seem very generous in CAR's favour. For example I think they only expect a male pensioner of 65 to live to 82, whereas most other companies will predict an age of 86-87. This means if they can't get those assumptions past their actuary the deficit recovery payments may need to rise substantially for an already cash strapped company.

On the topic of cashflow, I think despite claiming a reduction in debt at the half year stage they actually burnt cash and hence the financial position has actually worsened.

To give you an example: there was a favourable working capital movement of £2m which went towards the £7m of cash generated. There was also a depreciation charge of £3m. Put against this however, they only spent £270k on property and plant, paid £2m in interest and £1.2m into the pension fund. I believe they lack the cash to currently invest in the business at the moment and after new loan drawings actually burnt a couple of million in cash effectively.

On the subject of margins I don't believe a plastic extruder will ever make a net margin of 10% in the long run and also the Government is already looking at ways to save on medical plastic waste as part of a wider drive to cut plastic use greatly. You can verify this for yourself with a simple Google search.

I believe Carclo's financial position is precarious and they will only survive with a fairly urgent fundraising which they may already be planning.
Posted at 10/12/2024 09:26 by hopeful holder
Research tree shows a header of interim target 47p, but the detail needs signing up (maybe paying) to see.Panmure ate the in-house brokers and perhaps optimistic, but it's a way off where we are which suggests 35p upwards in is a current fair price.The pension liability looks quite scary BUT if the numbers are good then perhaps that will ease some of the pressure.All we need now is a few decent orders and investment in new tools etc and we are looking really good. ?
Posted at 09/10/2024 07:53 by hopeful holder
With the current share price now 32p, our P/E ratio close to 3.. a decent trading update and no nasty pension surprises and we are ready for a nice uplift.
Carclo share price data is direct from the London Stock Exchange

Carclo Frequently Asked Questions (FAQ)

What is the current Carclo share price?
The current share price of Carclo is 23.30p
How many Carclo shares are in issue?
Carclo has 73,419,193 shares in issue
What is the market cap of Carclo?
The market capitalisation of Carclo is GBP 16.59M
What is the 1 year trading range for Carclo share price?
Carclo has traded in the range of 6.20p to 42.00p during the past year
What is the PE ratio of Carclo?
The price to earnings ratio of Carclo is -5.12
What is the cash to sales ratio of Carclo?
The cash to sales ratio of Carclo is 0.13
What is the reporting currency for Carclo?
Carclo reports financial results in GBP
What is the latest annual turnover for Carclo?
The latest annual turnover of Carclo is GBP 132.96M
What is the latest annual profit for Carclo?
The latest annual profit of Carclo is GBP -3.3M
What is the registered address of Carclo?
The registered address for Carclo is 47 WATES WAY, MITCHAM, SURREY, CR4 4HR
What is the Carclo website address?
The website address for Carclo is www.carclo.co.uk/
Which industry sector does Carclo operate in?
Carclo operates in the STEEL WRK, ROLL&FINISH MILL sector

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