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CGS Castings Plc

272.00
0.00 (0.00%)
Last Updated: 08:00:15
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 Shares Traded Last Trade
  0.00 0.00% 272.00 57 08:00:15
Bid Price Offer Price High Price Low Price Open Price
262.00 278.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Malleable Iron Foundries 224.41M 16.72M 0.3832 7.10 118.68M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:03:19 O 57 265.152 GBX

Castings (CGS) Latest News

Castings (CGS) Discussions and Chat

Castings Forums and Chat

Date Time Title Posts
30/10/202411:13Castings PLC - Strong UK-based machining exporter240
09/6/201110:22castings50

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Castings (CGS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:03:20265.1557151.14O
2024-11-20 17:15:00260.0050,000130,000.00O
2024-11-20 16:20:55266.00821.28AT
2024-11-20 16:09:46268.0012.68AT
2024-11-20 16:00:13269.80312841.78O

Castings (CGS) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Castings Daily Update
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 272p.
Castings currently has 43,632,068 shares in issue. The market capitalisation of Castings is £118,679,225.
Castings has a price to earnings ratio (PE ratio) of 7.10.
This morning CGS shares opened at -
Posted at 10/10/2023 16:08 by thorpematt
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.
Posted at 15/8/2023 10:41 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 31/10/2021 12:19 by petewy
Share buying by directors last month. Looking at this.
Posted at 13/6/2019 19:56 by hsduk101
Just realised the massive difference between the buy and sell price. Theres a massive 8% difference! Thats a big negative against this stock
Posted at 16/11/2015 16:15 by wipo1
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.
Posted at 13/11/2015 15:54 by redartbmud
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
Posted at 13/11/2015 09:05 by redartbmud
Jomb

Thanks for the detail.

Wow Cgs has more than four small private shareholders!

red
Posted at 28/10/2015 08:45 by thorpematt
Article here:-





I don't agree with the conclusion on price / value (£5.75 is my view) but the rest of the article is fair IMO.
Posted at 16/6/2015 11:01 by rndm355
Blog article:

hxxp://grahamneary.wordpress.com/2015/06/16/castings-cgs-l-checklist-analysis/
Posted at 10/6/2015 15:40 by thorpematt
Indeed.

Nice bit of volume to go with price rise. Not a well covered stock analyst wise, but certainly a stalwart historically with a good record of doing the right things.

VERY strong balance sheet and surplus on pension, many companies could learn from that.

I reckon a recovery in market would gear up well here and I think the forward PERs are better than they look given the cash position and lack of debt.

Nice and quiet here of late too – so a lack of interest of late giving the price weakness I think.
Castings share price data is direct from the London Stock Exchange

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