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
  1.00 0.26% 383.00 380.00 386.00 380.00 380.00 380.00 2,687 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 150.2 140.5 25.2 15.2 167

Castings Share Discussion Threads

Showing 51 to 75 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
17/10/2010
18:37
Bought in last week with a 300p short-term price target here for me, this looks a cracker & hot money currently flowing the sectors way. Re post 3 Essential it's also worth mentioning that there will be renewed pressure on the chinese to let the yuan rise especially in the new year with a likely more agressive Republican dominated congress.
d0ubtf1re
16/10/2010
10:42
http://www.independent.co.uk/news/business/news/new-era-as-jaguar-creates-thousands-of-jobs-2107587.html
essentialinvestor
16/10/2010
10:19
The Jaguar Landrover announcement yesterday may be highly significant for Castings imv. Jaguar will invest up to £5 Billion over the next 10 years at their 3 UK manufacturing plants. Their factories are right on Castings doorstep. This could present Castings with the opportunity to gain significant extra new work imo.
essentialinvestor
15/10/2010
14:31
DIVIDEND While checking through the old RNS's I also took a note of last year's full dividend payment. 7.29 Very nice. Interim divi payment - announced next month - have been as follows in preceeding years: 2004 - 2.44p 2005 - 2.53p 2006 - 2.58p 2007 - 2.71p 2008 - 2.71p 2009 - 2.71p :-> OTU
on the up
15/10/2010
14:30
Yes, thanks again otu.
essentialinvestor
15/10/2010
14:27
I see some nibbles today so maybe warming up a little in any case. Hopefully the new thread will at least open eyes for some others who may have over looked CGS. Talking of which - anyone else lurking out there? Cheers, OTU
on the up
15/10/2010
14:24
EssentialInvestor - 15 Oct'10 - 13:44 - 5 of 6 CGS should annonce their November results date next week EI - don't agree with you there. I would expect that date to be announced w/b 8 November with the Interim results scheduled for Thursday 25th November. Previous dates give the clue: 2004 - Notice = 11 Nov, results 25th 2005 - """""""" 11 Nov, results 24th 2006 - """""""" 20 Nov, results 30th 2007 - """""""" 12 Nov, results 29th 2008 - """""""" 25 Nov, results 27th (the exception the rule - but that year was an exceptional one anyway!) 2009 - Notice = 17 Nov, results 26th. Cheers, OTU
on the up
15/10/2010
13:29
Looking increasingly like a clear break out now.
essentialinvestor
15/10/2010
12:44
CGS should annonce their November results date next week.
essentialinvestor
15/10/2010
11:10
Another new high for Castings today.
essentialinvestor
14/10/2010
10:50
A great time to look at Castings imv. Their Chinese competitors are suffering from rapidly rising wage costs, 20% year on year wage inflation in many cases, a trend that looks set to continue for some time. This has resulted is any Chinese price advantage being rapidly eroded. Castings have consistently invested in the latest plant and machinery to main their competitiveness. Castings have stated that they will not be beaten on quality, and have won back work that went to the Far East. And quality is the other major factor in CGS's advantage. Castings supply mainly to the Heavy Vehicle and Car manufactures. The current strict forus on maximising quality, following some Industry recalls, will drive increasing business in CGS's direction imo.
essentialinvestor
14/10/2010
10:30
EI - you're welcome, please make suggestions for the header as you see fit/as and when you wish to you. Cheers, OTU (Timing isn't always one of my strong points lol but the current chart is a part of my willingness to contribute here)
on the up
14/10/2010
10:27
Many thanks for the new thread. Perfect timing, Chart breakout.
essentialinvestor
14/10/2010
10:23
Welcome to Castings PlcPlease take time to read the information in this header. All views expressed are personal and do not constitute advice unless otherwise stated.Click on the arrow to go straight to posts Castings has caught my eye and since the previous BB has had just 49 posts in over eight years - and lacks charts etc - I've decided to establish this one. I will develop this header over the next few days. Hopefully I won't be talking to myself by the time it's finished lol. All suggestions welcome. Cheers, OTU WEBSITE http://www.castings.plc.uk/ BROKER COMMENTARY Acoustic-Electric Guitars
on the up
13/10/2010
10:09
Right on the 12 month high, breakout shortly imv with the Interim results in a few weeks.
essentialinvestor
07/10/2010
14:56
WJ Many thanks for the clarifaction. I have long admired CGS, the first time I have held it. The rock solid balance sheet and strong growth prospects attracted me. They are famously conservative in their outlook, so I fully expect the next update will suprise to the upside imo. Great to see a UK based manufacturer taking on global competition and delivering growth.
essentialinvestor
07/10/2010
12:19
Capex fell sharply last year - it was 2008/9 that had the big spend so don't think you'll see much benefit there. Otherwise I agree.
wjccghcc
07/10/2010
11:08
On the 12 month high. Castings are in a sweet spot now in my view. Chinese manufacturing costs are rapidly increasing, with labour costs averaging 20% year over year, rapidly eroding any price advantage. And this trend looks set to continue for some time The strong Euro is impacting the Eastern European companies in the same way. Castings say that they win business on their supurb quality and have won accounts back, that went to China. CGS remains ultra competitive as they consistently invest in the latest plant and technology. 80% of their product is exported. The balance sheet is rock solid with a rapidly growing cash balance, plus the yeild attraction. Castings maintained their dividend even at the cycle low. CGS has great gearing to recovery in its markets. Having increased capex on a new Foundry and extra capacity over the last two years, they are now set to rapidly reap the rewards of increasing turnover, with capex now set to fall sharply. Interims usually mid November, where I expect sharp upgrades. The 2011 PER is under 11 when allowing for the net cash, this is before likely sharp upgrades.
essentialinvestor
06/10/2010
09:41
Bought some this morning. With the capex programme on the new foundry and machinery now largely complete, cash balances are likely to swell rapidly. Castings had nearly £15 million in net cash at 31/03/2010, this is likely to rise to £25 million + by the end of this Financial year. Add to this the nearly £5 million pension surplus, and the great gearing to recovery, where profitability also quickly increases. Strip out the net cash and CGS sells on under 11x earnings, this is before likely sharp upgrades at the November Interims. There is also the attraction of a hefty 4.7% yeild. Castings looks a Strong Buy at these levels imv.
essentialinvestor
16/2/2010
11:01
I do like the interim management statement - "Nothing much to say. Things still pretty tough, I suppose - well, what the hell would you expect? Now, bog off, and let me get on with running the company". Compared with the normal guff I find it very reassuring.
wcj
04/7/2009
07:51
This share has jumped up the past couple of days! Any thoughts anyone?
the jackel
13/1/2009
16:54
What was todays rise all about?????
willybaby
24/7/2008
12:07
Hi The Annual Report throws a bit more light on the numbers with gross margin slightly better than last year and admin costs lower though they say that some of this is IAS accounting (510k of cash pension cost not recognised in p&l). More generally it's clear that capex is going to remain highish but then Brian must see a good return. The Volvo truck results yesterday suggested slowdown to come (ditto Autos) but we know all that. I can't make the AGM which is a shame as I'd like to see the crazy man in action. When you see the 5 year figures it reminds you that profit has doubled since 04 when the share price was around 170p.
loryd
22/7/2008
16:05
Hi Loryd, Things looking up a bit, director bought a few, 9% rise today, ex-dividend tomorrow. Hope it keeps up!
wipo1
15/7/2008
18:16
Hi Loryd, Think you are spot on all points, market makers still short of stock today, so looks like there is a few buyers about, fingers crossed. Good value like you say.
wipo1
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