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CGS Castings Plc

338.00
3.00 (0.90%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Castings Plc LSE:CGS London Ordinary Share GB0001795680 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 0.90% 338.00 328.00 348.00 340.00 328.00 340.00 15,712 16:35:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Malleable Iron Foundries 200.99M 13.79M 0.3161 10.38 143.11M
Castings Plc is listed in the Malleable Iron Foundries sector of the London Stock Exchange with ticker CGS. The last closing price for Castings was 335p. Over the last year, Castings shares have traded in a share price range of 322.00p to 428.00p.

Castings currently has 43,632,068 shares in issue. The market capitalisation of Castings is £143.11 million. Castings has a price to earnings ratio (PE ratio) of 10.38.

Castings Share Discussion Threads

Showing 276 to 299 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
05/3/2024
09:28
Thanks was cache problem.

I can not see any source of news for Castings bar the annual financial reports etc they have to produce. No source of news for media or for general interest like other companies produce. Does anyone know of a source? I want to know how they are progressing on the new business areas they were moving into.

fegger
04/3/2024
12:58
Working for me...
cwa1
04/3/2024
12:48
Company website seems down: www.castings.plc.uk

Anyone else able to get in to it?

fegger
10/10/2023
16:08
I didn't add any today because I had already loaded up recently at c.337pps

Est. 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.

thorpematt
05/9/2023
16:07
Two large trades at the close, is this a Seller now done perhaps? Any other views on the recent decline here or is it just a retrace to support on the chart?
texaspete2
15/8/2023
10:41
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. "

thorpematt
20/7/2023
15:09
Large cross in 750,000 shares at 390p ?
coolen
21/6/2023
09:36
If you missed the Castings FY results webinar you can catch up here. Management sounded positive about future growth prospects.
yellowstoneadvisory
14/6/2023
13:16
Actual spread at the moment is 410p-416p which is not bad for this size of company.
podgyted
14/6/2023
12:16
Why is the spread on this so high. Bought in today for first time. Down. But the spread hasn't helped.
mrmce2012
14/6/2023
06:43
Excellent set of results with an additional special dividend of 3.6%.
podgyted
03/8/2022
09:58
AGM and Trading Update on 16 August.
trcml
24/6/2022
07:19
If you missed the Castings FY results webinar you can catch up on the recording here.
yellowstoneadvisory
21/6/2022
05:57
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:

yellowstoneadvisory
15/6/2022
11:57
Missed the boat on this one fantastic results and after receiving divi you will be under £3average very nice 🙏
linton5
15/6/2022
09:26
Good results and a special dividend.
trcml
19/11/2021
10:36
If you missed the webinar yesterday with Castings management here is a link to the recording

and here is a link to the write up

yellowstoneadvisory
18/11/2021
09:10
Reminder there is a webinar today at 12pm with management who will present the recently released HY results. Register here:
yellowstoneadvisory
02/11/2021
14:30
Brian buys pretty regularly.


Looks pretty daily price, but very much IMO only. Might be worth more to someone else.

essentialinvestor
01/11/2021
18:21
Webinar with management on 18 November at 12pm following their HY results which are released on 12 November. Register here:
yellowstoneadvisory
31/10/2021
12:19
Share buying by directors last month. Looking at this.
petewy
24/6/2021
14:48
If you missed the webinar with management on Monday here is a link to the recording: hxxps://youtu.be/Ml-ZvtaW2AE
Here is a link to the write up: hxxps://www.yellowstoneadvisory.com/post/castings-recovering-very-nicely-thank-you

yellowstoneadvisory
21/6/2021
07:04
Webinar at 12pm today with management Register
hxxps://us02web.zoom.us/webinar/register/2816207209559/WN_F7LX84plRo2c4Ln4-LHSAw

yellowstoneadvisory
27/5/2021
09:05
Management announce FY results on 16 June and there is a webinar for private investors on 21 June at 12pm.

Adam Vicary, CEO, and Steve Mant, will provide an introduction to the company and update on recent performance and the outlook for the current year.

Register: hxxps://us02web.zoom.us/webinar/register/2816207209559/WN_F7LX84plRo2c4Ln4-LHSAw

yellowstoneadvisory
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1

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