Carter & Carter Share Discussion Threads

[jane seymour] 06/9/2007 08:59

Hello all, have reenetered the fray at 110.5 long, litlle nervous about the recent drift however !! 130 seems an awful way to go all of a sudden !

[v01101999] 06/9/2007 08:02

contract announcement -> possible. It is about time since last announced but please keep in mind that it is announced by Govt organisations and it is not in the control of Carter and Carter.

CEO announcement -> likely to be soon. Second round interviews ongoing.

Discussions with Banks -> They are still ongoing. Not clear what are positions from two sides (i.e. are banks asking for some equity issue to repay debt? Is company holding on to its guns? What are two sides discussing -> refinancing/renewal? etc). There are not short term fundings/commercial papers etc which would need to be rolled over. That is a good news. The debts is in the form of credit lines coverred by covenants and banks can either call the loan bank on breach of covenants, freeze the lines or enter into some re-negotiations. It is quite evident from the acquisition that banks are not taking any drastic steps like calling the loan back or freezing the credit lines. This is a good gesture and indicates that some mutual resolution on debt reduction will be soon. However what would that resolution be it anyone's guess as of now.

Bid/Takeover etc -> they are still rumours at this stage and will remain as long as the share price is attractive. However I feel (to be confirmed) that the debt certainly might have a "change of control" convenants and therefore the buyer/bidder not only would need to convince shareholders to sell but also re-negotiate the debt from the bankers so that they can waive the "change of control" clause. This might indicate why it has taken so long for the bid to materialise if at all it is on-going. However, one can also speculate that this is what has been discussed with bankers for so long and therefore it has taken so long for a formal statement regarding discussions with the bank on funding covenants and 2007-08 funding.

Underlying Business -> seems to be humming along well.

Therefore on balance of opinion, the shares should form a range 110 - 130 (with bias remaining on the upside for breakout on positive announcement.

I am still holding and adding on dips as mentioned in previous posts.

[musashi san] 05/9/2007 23:13

Hopefully !

Just erring on the cautious side.

[crosswire] 05/9/2007 14:12

"Carter & Carter is shortlisted in four of the sixteen districts for Phase 2 and tender bids are due to be submitted on 19 July 2007. Preferred bidders are
expected to be selected during September 2007"

Are we not due the above shortlist news this month?

[v01101999] 05/9/2007 13:00

added some more between 112.50 - 111.50 averaging 112.20.

[v01101999] 05/9/2007 12:59

added some more between 112.50 - 111.50 averaging about 112.20

[chesty1] 05/9/2007 11:58

Watch ya stops unless you want out...Popping out for a couple of hours...

Be lucky to all & bring on some news.

[references] 05/9/2007 11:39

Momentum has been lost for now which is a bit of a surprise given that news story last week which I saw as very positive. No need for any panic yet though. For me I will only get the heebie jeebies should there be any weakness under 100p. Under 90p however would be underwear changing time. IMHO.

[v01101999] 05/9/2007 11:14

And stock on loan still hitting (and rising) to 5.74 MM now (information might be little out of date).

Is someone really preparing for an equity issue/placement at low price?

[v01101999] 05/9/2007 11:12

117 level support is now pierced. We might see some weakness though on low volume. I will update if I end up buying some more.

[musashi san] 05/9/2007 11:03

Guess everyone is now waiting for a news update.

Not very positive it's broken below 117, but there may be support around 112-113.

I guess we may have to wait until October for results and a good update, although any new contracts announced in Septemer may get the price back on an upward trajectory...

[v01101999] 05/9/2007 08:55

considering that pre-close statement made after year end, results are likely to be close to current expectations (10MM profit before tax and exceptional cost). Things can change but certainly past cannot be changed. Interesting would be to see what is the statement/guidance for future.

[cappagh] 05/9/2007 08:41

Gone quiet on here, lets see if we
could kick start some discussions.


When are they going to publish the
full years results. Is it in the middle
of October! If so they with be giving
notice within the next couple of weeks.

What do you lot think the results will be like.
Will they be near the original forecasts or
close to the latest forecasts. And what are
the thoughts of them being above or below
what's expected.

I've noticed with this company, that things
can change around very quickly, what are
thoughts on this.

[jennywren] 04/9/2007 21:57

contract announcement is due soon, I cant remember if it is this week or next, nor do I know how successful CART will be. So, no insider dealing, jail sentences etc. for me.

[musashi san] 04/9/2007 12:50

Aye, I guess a few PI's won't make a big difference...

Plus, I reckon a lot of folk will be in cash still waiting to buy back into stocks once the current liquidity problems abate...

[roommove] 04/9/2007 12:42

Low volume recently will not help a break out to occur. We need some news!

[references] 04/9/2007 11:20

It's strangely quiet given the huge volumes and price moves over the last few weeks. I suppose we'll have to wait for news that encourages people to view CART as more than a £50m company.

[references] 04/9/2007 11:17

MS - Hilarious!!

[bushell] 04/9/2007 10:13

buys building up