Carter & Carter Share Discussion Threads

[chesty1] 30/8/2007 07:36

Yep the DOW had a great run last night & the FTSE will fly...

Lets see what the city thinks....

Is this the real start of the recovery, it will surely shake out a few shorters.

Be lucky to all & bring on some more contract wins & the skies the limit...

[musashi san] 30/8/2007 07:35

RNS Number:9799C
Carter & Carter Group PLC
30 August 2007



Immediate Release 30 August 2007





Carter & Carter Group plc

('Carter & Carter' or 'the Group')


TENDER WIN AND ACQUISITION ANNOUNCEMENT


Carter & Carter, the leading provider of learning solutions and outsource
support services, is pleased to announce the acquisition of the Blackwater House
training operation in Northern Ireland for cash consideration of #980,000. This
business will support a recent tender win in the region and enable the Group to
tender for further contracts in Northern Ireland going forward.


The Group was recently awarded its first significant contract from the
Department for Education & Learning in Northern Ireland to deliver
apprenticeship training which the Group expects to generate revenues of around
#5million in the first three years.


The Group has acquired the Blackwater House training operation from Component
Distributors Limited, a Northern Irish company specialising in sales,
distribution and marketing of automotive aftermarket related products.
Blackwater House is one of Northern Ireland's leading vocational training
providers, specialising in the automotive retail sector.


Rodney Westhead, Non-Executive Chairman and Interim Chief Executive, commented:


"We are delighted to have made this acquisition which provides Carter & Carter
with a footprint in Northern Ireland from which to grow in the region. This
important contract win, together with our recent success in the Learning &
Skills Council tender rounds, clearly demonstrates the organic growth
opportunities in the work based learning sector."


ENDS

[deanmatlazin] 30/8/2007 07:35

another tender could be won next month. worth approx £48mil. wait and see where the share price will go after that (I suspect A LOT HIGHER)

[roommove] 30/8/2007 07:31

With NY doing its bit last night we should have a nice blue day today. This news could be the start of the 'real' recovery.

[markie7] 30/8/2007 07:30

insignificant really - APART from the crucial fact that this will obviously be debt financed, which says that the banks are clearly supportive and that they aren't in danger of breaching covenants. VERY good backdrop for the bank conversations.

[chesty1] 30/8/2007 07:10

Morning all...

Wakey Wakey...

RNS Number:9799C
Carter & Carter Group PLC
30 August 2007



Immediate Release 30 August 2007





Carter & Carter Group plc

('Carter & Carter' or 'the Group')


TENDER WIN AND ACQUISITION ANNOUNCEMENT


Carter & Carter, the leading provider of learning solutions and outsource
support services, is pleased to announce the acquisition of the Blackwater House
training operation in Northern Ireland for cash consideration of #980,000. This
business will support a recent tender win in the region and enable the Group to
tender for further contracts in Northern Ireland going forward.


The Group was recently awarded its first significant contract from the
Department for Education & Learning in Northern Ireland to deliver
apprenticeship training which the Group expects to generate revenues of around
#5million in the first three years.


The Group has acquired the Blackwater House training operation from Component
Distributors Limited, a Northern Irish company specialising in sales,
distribution and marketing of automotive aftermarket related products.
Blackwater House is one of Northern Ireland's leading vocational training
providers, specialising in the automotive retail sector.


Rodney Westhead, Non-Executive Chairman and Interim Chief Executive, commented:


"We are delighted to have made this acquisition which provides Carter & Carter
with a footprint in Northern Ireland from which to grow in the region. This
important contract win, together with our recent success in the Learning &
Skills Council tender rounds, clearly demonstrates the organic growth
opportunities in the work based learning sector."


ENDS

[v01101999] 29/8/2007 16:45

I think the base is created at 118. The auction was very interesting today.

[v01101999] 29/8/2007 16:43

and 1.4 MM trade has appeared as OL trade after the market close as well. I am pretty sure it is the same trade which is being reported again and again .. most likely reason being change/amendment in settlement date or other bargain conditions.

[chesty1] 29/8/2007 15:38

Blue close would be nice....

Come on CART the trend is north...

[v01101999] 29/8/2007 14:47

why are they bouncing around that 1.4 MM trade at 120. Once again reported as "OL". Remember it was earlier reported as X trade, then corrected to OL. Seems a back office has messed up OR trade is disputed. Any one with the knowledge?

[v01101999] 29/8/2007 13:01

nice tug of war at 117-119 level.

[musashi san] 29/8/2007 10:57

Support still holding. Dow Fut now +58.

The rising 20-day MA has gone back above the pound level today. Currently £1.0245. 14-day RSI is 39.99.

If we've found a new base at £1.18, then we should see a higher recent high in the not too distant future.

[v01101999] 29/8/2007 09:47

agreed .. these order (currently at 107.5 and then at 100) are like a lottery. If they are hit, I am happy. If not, no harm done. I have left them open on GTC basis.

[musashi san] 29/8/2007 09:18

v,

I'm not sure it will. There was support again today around 118. Volume isn't huge, but at least we're not seeing the sell off we've seen across markets in general.

Dow Futures are also currently up slighty at +6 although they don't seem ot be clear which direction to take right now.

My money's on a bounce by the end of today.

[bushell] 29/8/2007 09:16

v looks like you were right,
shapping up quite nice

[v01101999] 29/8/2007 09:08

maybe/maybe not .. most of the morning trades are O trades around that level . That means I could have been able to "sell" at those prices. As I have been mentioning (and experiencing) it is difficult to "buy" in quantity at or near the bid (and there is no point paying 7p spread to buy at offer).

So overall, doesnt matter. I have futher orders around and below 110 so if it touches there, I might add there.

[musashi san] 29/8/2007 08:51

v,

Looks like you could have had your 117-118 this morning.

Nice start to the day though. Still showing resilience.

[smelgy] 29/8/2007 08:49

..........mornin' all .

[chesty1] 29/8/2007 08:38

Mornin all

I pop away for two trading days & look what you've done you just cannot keep it up for me...

Well I am back now & the trend is still up & lets hope for some news soon.

Best wishes to all & be lucky out there.

[bushell] 28/8/2007 18:48

v
have lost a lot through not selling when things look bad,
then kicking myself when they go down.
Am very bullish on this share, but also would like to make money
also 135 seems max it will go at moment,with all sells on there.
may dive to £1.(i hope)

[v01101999] 28/8/2007 18:35

if you are looking at L2, be careful to discount the offers above 135 which distort the offer side. You might have to calculate manually with a calculator the depth between 118 and 125/130 which is not very bad. Also there are some iceberg orders, especially on the BID side which are designed to pick up shares in small quantities. Given the share is so volatile, one can easily act like a market maker on these shares and enter both bid and offer orders (in case of 9000 shares, say spread by 5 p, giving £450), leave the orders in the book for a week (or remember to enter every day) and have patience. They will get hit over the period giving you a nice churn. You need to consider your basic view on this share (mine in bullish) and then you can back your view by your accumulation strategy (i.e. you can bid more and offer less and therefore slowly building up a long position with nice average price). If you are neutral, you can bid and offer equally and if you are bearish, you might want to offer more and bid less thereby slowly building up a short position.

All of these IMHO and every one needs to ask themselves what objective they have with this share, how much return they are expecting, how much risk they are prepared to take and what time horizon consideration in case margin/liquidity requirements. But patience, conviction and trading plan is madatory in any strategy which is expected to return positive cash. This share is so volatile that it is very easy to loose sight of your thoughts and reasoning and panicking into selling when market is falling or buying at the top when every one is rushing.

[bushell] 28/8/2007 18:20

v
many many thanks for the taking time to reply,
i sold 9000 today for l2 looked bad,
was hoping to buy back cheaper,
(something i never seem to time right)
who nows i may get this right,

[v01101999] 28/8/2007 17:50

How many -> well let us just say that I got what I bid for. I am carrying a decent size position in CART so would not like to disclose my position size. Also I move my positions sometimes given the volatility (i.e. sell at morning peak and cover after the tree shake etc).

How long to keep them -> I am not a day trader and I have been (as mentioned in the two BBs) accumulating these shares since 52 in various sizes so I am holding for nearly 1.5 months already (I was short before that for 2 weeks). I do not have time horizon on these shares as my position is fully funded and I am not looking for a specific price target as the shares in current form are hard to value. I am looking for certain news events to take a call on the shares. My views since 52 level are bullish on this stock as I feel it is oversold and deserves a re-rating. My conversation with the company has also given me confidence. I am looking for a CEO to be appointed soon and also some positive news on Contracts. I do not feel as of now that banks are going to be problem for the company and debt. I might take some profit from 150 - 200 region if we see those regions. I am cautious on this stock but resisting the panic sell (which is very easy to trigger on this stock by a few MM). In addition, I am watching the stock on loan figure on this stock (though 5 days old) which is uncomfortably high for me and I would like to see what would happen if those positions are unwound.

[bushell] 28/8/2007 17:33

v how many have you goty now

and how long to keep them,
hope i am not being to nosey