Castings Share Discussion Threads

[hsduk101] 13/6/2019 19:56

Just realised the massive difference between the buy and sell price. Theres a massive 8% difference! Thats a big negative against this stock

[hsduk101] 12/6/2019 15:52

Great financials today on this one. Debt fully cleared, revenues increased by 12.7% Though the external market which is their main customer looks like a potential issue with a unstable UK though

[cwa1] 10/5/2019 12:31

Not a holder-but having a look at a few things. Does anyone know if the most recent update has been incorporated in to any broker forecasts yet? And, if they have been, what they are? Thanks for any information(if there is any!)

[3800] 01/5/2019 07:41

good news at last lets hope we have better things to come

[arthur_lame_stocks] 01/5/2019 07:20

Pleasing trading update today.

[coolen] 01/10/2018 21:08

Site visit for institutional holders coming up ?

[value hound] 01/10/2018 20:32

Bought in here at 395p FWIW. Looks good value to me.

[bench2] 10/11/2017 11:41

Small director buying post half year results ..... any thoughts ?

[dan_the_epic] 19/7/2017 20:32

Anyone got any Arden note coverage here? Looks mildly interesting long term

[solomon] 24/1/2017 16:02

Interesting good rather than interesting bad. I guess someone else was keen to get hold of such a large block of thinly traded CSG and therefore paid top dollar.

[coolen] 24/1/2017 15:13

From trades, it is interesting that Ruffer got 450p for its block of 400,000 shares, just announced.

[analyst] 31/8/2016 11:19

On the move.

[rhomboid] 16/6/2016 19:12

Hi jacks13 I'm just delighted to get the cash return , it just struck me as illogical to hold so much surplus cash when there was no clear need to do so or plan for acquisitions. I'd also be surprised if Brian Cooke wasted too much time perusing BB's and I'd not had the the chance to discuss the topic with the directors face to face. For the future I believe a precedent has been set and believe this will be part of the investment case going forward if the business continues to trade well. Cheers

[jacks13] 16/6/2016 18:22

It looks like Cookie has been listening to you rhomboid.

[rhomboid] 15/6/2016 08:20

Delighted with the cash return and the steady progress, I've a good size position and intend to hold for long term income growth.

[thorpematt] 15/6/2016 07:00

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.

[jacks13] 22/3/2016 14:40

rhomboid - Regarding your Brexit comment,two thirds of revenues are from exports and most of that is into Europe. Turnover by Region: UK – 33% Sweden – 24% Netherlands – 11% Rest of Europe – 27% N&S America – 3% Other - 2% Turnover by Product: Foundry – 86% Machining – 14% An exit from Europe might cause some short-term damage to revenues if Brussels threw a strop but this is a high quality company with rock solid fundamentals and could I expect ride out any initial headwinds. In contrast to this they have long-term supply relationships with global blue chip customers (Scania) and are integrated into their customers' product development processes and on balance I'd expect a weaker pound to outweigh any short-term setback over trading arrangements post exit. I'll be staying invested whatever the outcome of the referendum.

[rhomboid] 22/3/2016 10:33

Thx for the very comprehensive reply Jacks13 I 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

[rhomboid] 27/2/2016 17:43

I hold a chunk here and have only just got round to checking out this Board, has anyone had contact with Brian Cooke or Castings to discuss how they view the level of cash and whether at some point it might in part find its way to the owners of the business? £32m is a heck of a rainy day contingency fund ! Cheers

[redartbmud] 16/11/2015 16:29

wipo Yes I hold, but not a huge position. red

[shauney2] 16/11/2015 16:19

We all get it wrong wipo.Who knows what stage of the cycle we are in. Looking strong now.

[wipo1] 16/11/2015 16:15

Red I guess I should have bought the dip on results day. Oh well always another day another share. Good luck if you're holding.