Castings Share Chat (CGS)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Castings	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
	+0.00p	+0.00%	462.50p	455.25p	470.00p	-	-	-	0	08:02:54

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Industrial Engineering	118.8	15.9	29.8	15.5	201.80

Castings Share Discussion Threads

Showing 251 to 272 of 275 messages

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

Date	Subject	Author	Discuss
19/7/2017 21:32	Anyone got any Arden note coverage here? Looks mildly interesting long term	dan_the_epic	Read Full Thread Reply
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.	solomon	Read Full Thread Reply
24/1/2017 15:13	From trades, it is interesting that Ruffer got 450p for its block of 400,000 shares, just announced.	coolen	Read Full Thread Reply
31/8/2016 12:19	On the move.	analyst	Read Full Thread Reply
16/6/2016 20:12	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	rhomboid	Read Full Thread Reply
16/6/2016 19:22	It looks like Cookie has been listening to you rhomboid.	jacks13	Read Full Thread Reply
15/6/2016 09:20	Delighted with the cash return and the steady progress, I've a good size position and intend to hold for long term income growth.	rhomboid	Read Full Thread Reply
15/6/2016 08:00	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.	thorpematt	Read Full Thread Reply
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.	jacks13	Read Full Thread Reply
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	Read Full Thread Reply
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	rhomboid	Read Full Thread Reply
16/11/2015 16:29	wipo Yes I hold, but not a huge position. red	redartbmud	Read Full Thread Reply
16/11/2015 16:19	We all get it wrong wipo.Who knows what stage of the cycle we are in. Looking strong now.	shauney2	Read Full Thread Reply
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.	wipo1	Read Full Thread Reply
13/11/2015 15:54	wipo Price is relative and you could well get in lower. In this market nobody can predict the bottom with any degree of certainty. red	redartbmud	Read Full Thread Reply
13/11/2015 13:25	Good results and good company but I agree with the Motley fool article that states it's a good buy lower down due to Castings being a cyclical company.	wipo1	Read Full Thread Reply
13/11/2015 10:38	I like all of the positive comments. The Cookemeister continues to rule Ok.	redartbmud	Read Full Thread Reply
13/11/2015 10:28	I could be wrong but I think this may have been a record H1 in terms of EPS performance at 17.44p. As stated in the narrative, volume increases ran ahead of revenue due to softness in raw material prices.	cockerhoop	Read Full Thread Reply
13/11/2015 09:45	I'm one of them also! Worth noting that RSP's willing to pay well above Bid to get stock. ie 455.8 as opposed to 451.75 so there is underlying support.	royaloak	Read Full Thread Reply
13/11/2015 09:05	Jomb Thanks for the detail. Wow Cgs has more than four small private shareholders! red	redartbmud	Read Full Thread Reply
13/11/2015 08:52	If you read the results from the bottom you won't miss the bit where the pension fund are paying back some of the surplus to the company. Note the £5.7m receivables line in the B/S.	jombaston	Read Full Thread Reply
13/11/2015 08:46	shauney Agreed. I am getting quite worn out keeping up with the avalanche of posts on this board today. Sleeping 'giant' waking up? red	redartbmud	Read Full Thread Reply

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