Carter & Carter Share Discussion Threads

[v01101999] 30/8/2007 15:01

CHESTY1 - 30 Aug'07 - 13:31 - 5612 of 5613 -> seems you have a crystal ball. Up bu t not as much as I hoped them to be but up nevertheless.

L2 had all the sign of someone playing with the shares today (possibly to buy on the cheap). Low volume trades on Bid to display lower last trade price and at one point of time some one had nearly 60K shares on offer at 118.75, may be to frighten the weak hearted into believing that there is a large order to sell. As soon as there was a small hit on offer, these order were withdrawn.

I keep reminding myself to have patience as the underlying story has not changed and infact strengthen. I am meanwhile also trying to arrange another audience with Mr. Westhead to hear more about this acquisition.

[chesty1] 30/8/2007 14:34

You can sell online BUT not buy any....It was the opposite earlier on...Its gonna be a blue afternoon...

Its dentist time..!

[musashi san] 30/8/2007 14:06

Looks like a bit of an intra-day downward wedge forming with a base around 117-118.

Downward sloping wedges often pre-empt a decent rise.

[v01101999] 30/8/2007 13:56

what I do not understand the small volume trade. There are several VW trades today of size below 100. Why would anyone bother to involve their broker to trade on Volume Weighted Average Price Basis for such small sizes.

[musashi san] 30/8/2007 12:41

Volumes dying off a bit.

I'm not even trading this. I've bought as a recovery play and am holding. 3-6 months this will be much higher, unless the company is telling porkies.

In not, then this is a steal.

[v01101999] 30/8/2007 12:38

very thin volume today? only 456 K shares?

[v01101999] 30/8/2007 11:33

slight change in the stock on loan (5.47 MM v/s 5.52 before). Be aware that these figures might be around a week old but still a good way to get some correlation with respect to short position overhang on this share.

[musashi san] 30/8/2007 10:56

v,

It does look to be consolidating quite nicely around this level though, with some fairly solid support around 117-118.

It's all healthy for the share price

[v01101999] 30/8/2007 10:53

finally managed to buy few more at 119. It could go here and there from this level as there is tree shake today and no substantial buying even on the good news. But I am certainly happy to add them to my holding as and when I can pick them up on cheap. Few more orders further down on bid at 117 and 115. Let us see how much I can buy today.

[chesty1] 30/8/2007 10:31

why would any1 want to sell out now...

NOT me that's for sure.

[v01101999] 30/8/2007 10:29

this is all a trick though. I have been trying to buy and raising my bid from 117 to now 119 but still no hit. I am sure this share will close high up today and it also looks like that I will not get a fill on my bid.

[webgremlin] 30/8/2007 09:54

Definitely a lot more to come... Bigger contracts to be announced and the CEO appointment due any time in the next couple of weeks. I'm definitely not selling while still grossly undervalued.

[musashi san] 30/8/2007 09:45

Lol! Nothing much surprises me with this share. I expected more from today's news, but looks like we'll just have to wait for further confirmation.

I'd like to see this 117-118 level hold, so fingers crossed !

[chesty1] 30/8/2007 09:41

And now red....

Hoping for a decent afternoon feel this could be short termers selling on news..

I will hold for more.

Be lucky to all

[references] 30/8/2007 09:33

Am very surprised that the share price is not significantly higher on this news. It's not the size of this deal and contract that matters, it's the sense of business as usual, which is exactly what the share price fall to these levels has said is not the case. I can't imagine why anyone would be a seller. Perhaps one deal/contract does not a summer make but any more news flow should shore up confidence.

[references] 30/8/2007 09:13

Am very surprised that the share price is not significantly higher on this news. It's not the size of this deal and contract that matters, it's the sense of business as usual, which is exactly what the share price fall to these levels has said is not the case. I can't imagine why anyone would be a seller. Perhaps one deal/contract does not a summer make but if deanmatlazin is correct then more news flow should soon be shoring up confidence.

[musashi san] 30/8/2007 08:41

Aug. 30 (Bloomberg) -- Carter & Carter Group Plc, the U.K.
training services provider whose chief executive officer died in
a helicopter crash in May, bought the Blackwater House auto
maintenance instruction center for 980,000 pounds ($2 million).

The company bought the Blackwater House facility, located in
Northern Ireland, from Component Distributors Ltd., Peterborough,
England-based Carter & Carter said today in a statement
distributed by the Regulatory News Service. It's paying cash.

Carter & Carter is seeking to expand in Northern Ireland,
after recently winning its first ``significant'' contract in the
province, it said today. The contract with the Northern Irish
Department of Education to deliver apprenticeship training is
likely to generate sales of about 5 million pounds in its first
three years, the company said.

The acquisition ``provides Carter & Carter with a footprint
in Northern Ireland from which to grow in the region,'' Interim
Chief Executive Officer Rodney Westhead said in the statement.

The company's shares rose as much as 5.9 percent and were up
4.5 percent to 123.25 pence at 8:35 a.m. in London. The stock has
tumbled 88 percent this year, valuing Carter & Carter at 51.2
million pounds.

Carter & Carter, which employs 2,200 people, provides
contract workers and apprentices to carmakers including Ford
Motor Co. and Volkswagen AG's Audi.

[bronking] 30/8/2007 08:29

mornıng all just havıng at bıt of brecky ın sunny turkey wıll check ın no and then

[chesty1] 30/8/2007 08:03

Nice strong opening action....

Volume will be high & so to will the share price ..

Well done to all longs for hanging on in there.

[v01101999] 30/8/2007 07:58

and note the happy change. The large sell orders at 135 are now removed. Appears someone does not want to sell anymore at those levels.

[musashi san] 30/8/2007 07:47

v,

I would agree. This sends out a strong message to the city. I wouldn't be surprised to see a share price rerating.

[v01101999] 30/8/2007 07:46

happy days are here again!

[v01101999] 30/8/2007 07:45

very positive indeed. Acquisition from a company who has seen such beating in the recent week indicates clearly that

a) Customers (govt mainly) is supportive
b) Bankers are supportive and therefore allowing cash to be used for acquisition instead of putting restrictions on cash usage due to covenant breach.
c) management is supportive and have confidence to turn the business around.

I am really pleased. This was an unexpected news and this never figured in my event valuation model but this is really a positive news.

[musashi san] 30/8/2007 07:37

Excellent news !

£ 5 million over 3 years is not much to get excited about, but this shows that the company continues to grow, has the backing of the bankers and financial institutions and is being run very much as a going concern.

Hardly a company on the verge of going under...