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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Castings Plc | CGS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 12.00 | 3.38% | 367.00 | 16:35:26 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 370.00 | 370.00 | 370.00 | 367.00 | 355.00 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 14/11/2023 | Interim | GBP | 0.0413 | 23/11/2023 | 24/11/2023 | 04/01/2024 |
| 14/06/2023 | Final | GBP | 0.1351 | 20/07/2023 | 21/07/2023 | 18/08/2023 |
| 14/06/2023 | Special | GBP | 0.15 | 22/06/2023 | 23/06/2023 | 26/07/2023 |
| 16/11/2022 | Interim | GBP | 0.0384 | 24/11/2022 | 25/11/2022 | 05/01/2023 |
| 15/06/2022 | Final | GBP | 0.1257 | 21/07/2022 | 22/07/2022 | 19/08/2022 |
| 15/06/2022 | Special | GBP | 0.15 | 23/06/2022 | 24/06/2022 | 26/07/2022 |
| 12/11/2021 | Interim | GBP | 0.0366 | 25/11/2021 | 26/11/2021 | 06/01/2022 |
| 16/06/2021 | Final | GBP | 0.1169 | 22/07/2021 | 23/07/2021 | 23/08/2021 |
| 13/11/2020 | Interim | GBP | 0.0357 | 26/11/2020 | 27/11/2020 | 07/01/2021 |
| 10/06/2020 | Final | GBP | 0.114 | 16/07/2020 | 17/07/2020 | 17/08/2020 |
| 08/11/2019 | Interim | GBP | 0.0348 | 21/11/2019 | 22/11/2019 | 02/01/2020 |
| 12/06/2019 | Final | GBP | 0.114 | 18/07/2019 | 19/07/2019 | 27/08/2019 |
| 12/06/2019 | Special | GBP | 0.15 | 20/06/2019 | 21/06/2019 | 23/07/2019 |
| Top Posts |
|---|
Posted at 10/10/2023 17:08 by thorpematt I didn't add any today because I had already loaded up recently at c.337ppsEst. divi yeilds for next 3 years at the opening price was 5.5% 5.8% 6.1% (Zeus) ..unless there is a special divi (as has been when excess cash has appeared in the past) Estimate YE cash balances for next 3 years (Zeus) 40.6 52.7 62.5 (£m) So don't bet against it. On PER, if you take the cash out you are paying less than 7x for this, on a high yeilding stock with steady growth. I consider that the market made a signifcant mis-step on this after the last TS. I reckon it has a fair valuation of about 510p. |
Posted at 15/8/2023 11:41 by thorpematt Commentary is a tad confusing...but concise as always.I interpret that: truck makers have deliberatly refused sales in order to mitigate supply chain issues. I think that as the market normalises this will be preferable for suppliers such as CGS. Demand should remain pretty solid given previous order refusals. That appears to be in the commentry too. Zeus have a note out this morning. Here's their valuation summary:- "...shares trade on 11.9x FY24 earnings falling to 11.5x in FY25. On EV/EBITDA, Castings trades on just 4.9x reflecting the net cash position of the business and yield a prospective 4.5%. However, in the recent past the Company has paid a special dividend when the net cash position has remained at elevated levels. Zeus estimate c. £40m at the end of FY24, post paying the special dividend announced at the end of FY23. " |
Posted at 14/6/2023 07:43 by podgyted Excellent set of results with an additional special dividend of 3.6%. |
Posted at 21/6/2022 06:57 by yellowstoneadvisory EO Adam Vicary and FD Steve Mant will present the FY results at a webinar for private investors today at 12pm. Track record of profitability and cash generation. Recently announced special divi and mgmt talking positively about outlook.Register here: |
Posted at 15/6/2022 12:57 by linton5 Missed the boat on this one fantastic results and after receiving divi you will be under £3average very nice 🙏 |
Posted at 15/6/2022 10:26 by trcml Good results and a special dividend. |
Posted at 15/6/2016 08:00 by thorpematt In summary we have a warning of a temporary lowering year profits for CNC speedwell, due to the ending of one contract balanced against a special dividend of 30p, a raise in the ordinary divi. There's continuation of development for the company. A neutral - positive outlook generally balanced with un-certainty regarding Europe. Europe is of course the elephant in the room here although the commentary is perhaps a little indifferent from Mr Cooke who of course has seen it all in his time:-"It is also important that, whatever the result of the EU referendum, the Government return to the priority of focussing on the economy and recognising the important role of manufacturing in achieving higher levels of employment to the benefit of the country as a whole. As usual the financial analysis is rock solid and we even have a trickle of Icelandic monies coming back into the pot. A long-term hold for me. |
Posted at 22/3/2016 10:33 by rhomboid Thx for the very comprehensive reply Jacks13I love the conservative approach but at what point does it become inequitable to the equity holders? My view is that it seems wrong for EPS CAGR to be more than double that of dividend growth when the balance sheet is this cash rich, if they can't find a way of utilising surplus capital at acceptable levels of return then they should consider a cash return via buyback or tender offer or at the very least accelerate the rate of dividend growth. All IMHO of course. Personally I'd love them to find an appropriate use for their excess liquidity but just piling it up on the balance sheet makes little sense beyond a certain point. On another matter £weakness on Brexit should help them significantly. Thx again |
Posted at 13/11/2015 09:05 by redartbmud JombThanks for the detail. Wow Cgs has more than four small private shareholders! red |
Posted at 13/11/2015 07:49 by thorpematt Like the interims. Nice divi hike too. |
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