Centurion Ele Share Discussion Threads

[rpaco] 17/2/2007 14:15

I used to work in this industry, would you like to know what the net margin is that the motor manufacturer will allow you to make? No well its about 3% But remember you will have to sign up to annual price reductions of between 2 and 5% which you will be expected to make by increasing efficiency in all areas, including raw material sourcing and supply/stocking management. Process control, packaging (re-usable of course but it means youhave to arrange collection at the right time of the day each day) delivery, (this will be timed to Toyotas's requirement, which of course means building your own wharehouse within spitting distance from the car factory. You may now understand why Ford took over so many of their suppliers, they screwed them into the ground took 9 months to pay and made them dependant on Ford to continue, had Ford not paid they would have gone bankrupt so being taken over was the kind alternative. On top of this you have you company run by the quality system, it runs everything. TS16949 I think was the latest when I left work, this which excedes QS9000 by miles. It takes massive amounts of time in meetings for everything, all must be agreed and the correct form filled in for full traceability. Absoulute nightnmare.

No the volume and turnover is always atractive but the margin is nothing, the danger is that you become too reliant on one or 2 customers for a huge percentage of your turnover, that makes you very vulnerable unless you are as big as Delphi and oops! What happened to them?

[bootie64] 08/2/2007 19:23

Agree mitchy
Further contract with Toyota which is one of, if not the most profitable car manufacturers
The new premium ICE system designed and developed exclusively by Centurion will provide what the company says is a complete solution in in-car entertainment.

May be a slow process to get confidence back but very positive news imo

[mitchy] 07/2/2007 21:29

Impressive web site and product range...

[mitchy] 07/2/2007 06:55

Eventually the market has to change it's mind about CUC.After latest contract this may well be the time.We could see a very dramatic rise out of these depressed prices...DYOR.Good Luck.

[mitchy] 06/2/2007 19:52

...and yet more good news from Centurian...


Centurionelectronics New Supply Contract


RNS Number:7440Q
Centurion Electronics PLC
06 February 2007


Issued by Citigate Dewe Rogerson Limited, Birmingham
Date: Tuesday, 6 February 2007
Embargoed: 7.00am

Centurion Electronics plc
Developers and suppliers of automotive infotainment systems

Prestigious Industry Award and New Supply Contract

Centurion Electronics, the UK provider of in-car infotainment systems, is
pleased to announce the following update to shareholders:

* New Supply Contract

The Company has been awarded an additional new contract to supply an integrated
in-car entertainment system (ICE) initially as an option across five vehicle
models for Toyota Motor Europe.

The new premium ICE system designed and developed exclusively by Centurion,
which is being phased in between November 2007 and December 2007, will provide a
complete solution in in-car entertainment. The system is also designed to
integrate within the vehicles interior and seat structure, whilst offering
passengers access to the latest media formats.

Supply of this new system is expected to contribute to Centurions' revenues
during the first quarter of the Company's financial year ending September 2008.

* Prestigious Industry Award for Outstanding Performance

The Company has received the 'Outstanding Performance for Cost Management and
Development' Award from Toyota Motor Europe.

This award, underpins the close relationship between both Toyota and Centurion
and recognises Centurion's investment in controlled cost management.

Furthermore, the award also reflects Centurion's close working partnerships with
its key supply partners, in order to obtain the highest levels of quality and
parts manufacturing resulting in cost savings overall for the customer.

Commenting on these developments, Chris Rhodes, Chief Executive, Centurion
Electronics said:

"We are very pleased to have secured further business with Toyota Motor Europe
and also to have achieved this important recognition from them.

"Firstly, the award reflects all the efforts that the team at Centurion have
invested, particularly over the last 12 months in developing and strengthening
the relationship with this key customer and secondly, investment in
collaborative product development initiatives with Toyota ensures that their
product offering meets market and technology expectations.

"Our strategic planning has also assisted to determine consumers' aspirations on
new product development, which will support further market penetration."

[cortez] 21/1/2007 21:21

Took another look, more positive but still punt territory for now. Will look again later.

[mitchy] 18/1/2007 10:30

I don't care what anyone says about CUC.It looks like a runner to me.

[speedieruk] 15/1/2007 16:24

rpaco - Yes, too many chiefs. I've also owned these for some years. The beginning of the end was the CEO being killed in a car crash.

I think he was the only chief then, or at least, the driving force in the company, but I didn't realise it at the time. Hindsight is a wonderful thing eh?

[rpaco] 09/1/2007 15:47

BTW I did hold these all the way from 90p down to 82p. I heard of things to come, there are still things to come but will they, do CUC still have the capability?

[rpaco] 09/1/2007 15:45

Bloke I know used to work for them, I also used to work in this industry. It may take 2-3 years hard work to get a major OEM contract and only then if you get everything right and have the right product and organisation. This company had too many chiefs and not enough indians and no proper appreciation of how long it takes and how much it costs in the automotive component industry. Meanwhile the tempataion to make some quick cash in the retail/aftermarket can often kill your reputation. Any manufaturer in thie business needs to run QS9000 or at very least BS EN 9001/2/3 or TS1694. These raise project costs and required manpower by 3 times or more. (These are not quality systems the comapny runs, they are systems which run the company, the whole company is governed by them. Then most vehicle manufacturers add their own requirements like SPC and ruinous sampling rates. Thus any company in this business has to be of a reasonable size purely to comply with all the regulations and just to exist. CUC must be down to its bare bones by now, do they have any indians left? Or only directors?

[foxking] 22/12/2006 07:34

Centurionelectronics Holding(s) in Company


RNS Number:5173O
Centurion Electronics PLC
22 December 2006

22 December 2006



Centurion Electronics plc



Centurion Electronics plc (the "Company") was notified on 21 December 2006, that
Advance AIM Value Realisation Company Limited has acquired an interest in
1,014,747 ordinary shares, representing 7.42% of the Company's issued shares.

[mitchy] 02/12/2006 12:17

Those results support what the management have been claiming recently that they are on the mend.The next results will show a profit,of that I have no doubt so i'm considering making Centurian "TIP OF THE YEAR 2007"...and I only elect one from my portfolio each year for that 'honour'.

This years was Surgical Innovation (SUN).

[rkjones] 29/11/2006 13:11

Todays optional extras are tomorrow's standard in the auto industry. Think positive - they're still going!!

[25cent] 29/11/2006 10:06

What do you reckon about the results anyone?
Again it all seems like jam tomorrow stuff and optional rather than fitted equipment.
But it has a tiny valuation and if it did ever win a major fit on the production line order for a mass made car then it could easily double overnight?

[25cent] 09/11/2006 14:04

This is now trading at 0.46p in old money before the 50/1 consolidation.
It looks yet again that trouble is around the corner, its basically priced in already that this will go broke!

[puffin tickler] 17/10/2006 20:39

Narindg :

The graph is not distorted (at least not much). It tells the truth in terms of value destruction for the shareholder.

I originally bought these at over 100p. The 50 for 1 dilution meant that my purchase was only worth 2p. The price since the dilution has since fallen by another 50% so value now 1% of what it was. Multiply today's price by 100 and you get 2500 pence. So yes, the equivalent share price was over 3000 pence (100p was far from the top of the market).

Scary isn't it.


Puffti

[mitchy] 17/10/2006 20:13

...as much as 1p?!

[twentyoneeleven] 17/10/2006 17:31

No narindg ... graph distorted due to share consolidation earlier in the year (50 to 1 I think it was)! I bought these at just over 1p back in April and sold out just after consolidation for a small loss ... looks like I'll be able to buy back in at 1p again soon though!

[narindg] 17/10/2006 17:11

can anybody explain the graph? was it reallly over 2k in price?

[jotoha1] 17/10/2006 11:02

Must be another cash issue for this to be going down again!

[mitchy] 14/10/2006 17:17

"Given the continuing improvement in the Company's product ranges and potential
for new contract wins, the Board remain confident that further positive progress
will be made during this financial year and for the 2006 calendar year as a
whole."

Ernst Kastner, Chairman

FULL STATEMENT ATTACHED

Enquiries:
Chris Rhodes, Chief Executive Fiona Tooley/Katie Dale
Centurion Electronics plc Citigate Dewe Rogerson
Tel: [phone] Tel: [phone]
Mobile: [phone] (FMT) or 07770 788624 (KD)

[mitchy] 14/10/2006 17:12

There's no news on lots of companies but they don't all drop like a stone because of it.I'm staying with them until we actually hear news to the contrary.
In fact i'm looking to top up...erm,as soon as we've heard some news..ahem!

[mitchy] 13/10/2006 07:06

...and yet another inexplicable drop on no news and going against the backdrop of a global upswing !!