Chamberlin Dividends - CMH

Chamberlin Dividends - CMH

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Chamberlin Plc CMH London Ordinary Share GB0001870228 ORD 0.1P
  Price Change Price Change % Stock Price Last Trade
2.25 32.14% 9.25 16:16:08
Open Price Low Price High Price Close Price Previous Close
7.00 7.00 10.00 9.25 7.00
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Industry Sector

Chamberlin CMH Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

redartbmud: 2r Knowing the management of both companies, I would be more than very surprised if Cgs ever expressed the remotest interest in Cmh. The Cmh Chuckery foundry is land locked in what is now a now large housing estate and the issue of emissions is a constant source of angst. Just refer back to the spend a while ago. That site is probably not as valuable as one might think. Any purchaser would probably look to transfer business to their own foundry and sell the site. It would be ripe for housing, but there would be very significant decontamination cost involved. Furthermore, the houses immediately surrounding the site are of terraced Victorian construction and the streets are very narrow, by modern day standards. There are significant car parking issues. How do you value that? Just MHO.
danny baker: Good post 2realist. You're right but I do think there is a clear signal that CMH is being prepared for sale as a focused auto parts supplier. Turbochargers for small petrol engines is a relatively exciting part of the auto components industry. I've driven a few 1.2 TSI models and am hugely impressed by the performance. The pension deficit after receiving £2.5 million from the Exidor sale is down to £1.5 million. Once Walsall is making the £1-2 million a year that it should be then I expect a buyer for CMH will be found and the chairman can retire having done his job.
pherrom: Chamberlin plc (AIM: CMH) announces that it has completed the sale of Exidor Limited ("Exidor") to ASSA ABLOY Limited ("ASSA ABLOY"), for a total enterprise value of GBP10m with the consideration to be paid in cash.
kwackerh2: I am not from the companies pr and I wouldnt take a big position on this business. CMH is 3% of my portfolio although its been much higher in the past. I know this business and the industry it operates in very well and have done so for more than 30 years. I believe that the current board are doing a lot of things right and making big calls that require significant finance. I agree that its been a rough ride for shareholders and hindsight is a wonderful thing. I should have departed at the recent highs and would certainly now be buying back at the current levels because I think it presents an opportunity but only time will tell. The figures dont make pleasant reading but all of the bad news is out and its factored into the current valuation. I know that the startup issues with the new machine shop are being addressed and the rest of the group is making significant progress without the drain of the Leicester site which wasnt even close to being viable. It would have been easy for the ceo to turn up and take the money and pay a dividend and talk a good job like the last one did. Instead he has made big changes that have cost money and have been long overdue and will secure the business long term.
asagi: I'm a shareholder myself here also 2realist. I thought kwackerh2's post added some welcome balance. The contracts that the CEO went out and won should have been company changing. Hence the share price action of the last 12 months. But they have stumbled on delivery. So that jury is back out again. Asagi (long CMH)
kwackerh2: Demand for turbo housings is forecast to rise during each of the next 5 years. Fully electric cars wont be mainstream for at least another decade as the charging infrastructure wont be in place. Hybrid is the immediate future and every hybrid will have at least one turbo fitted. CMH have a full order book and are looking at 30% increase in volumes next year together with the new machine shop contributing significantly to margins. The operation will soon benefit from the massive investment seen recently as well as restructuring to focus on core activities.The future prospects for this business have never been better. Maybe the negative dinosaurs on here will eat their words then :)
kwackerh2: Chamberlin has suffered from years of poor management who ran it like a club for their mates and the current B.O.D has inherited that. The tide has turned and the years of stagnation have passed. The hard decisions like closing Leicester and setting up a state of the art machining facility cost money and significant investments such as hydride cleaning facility and melting plant investments have required major expenditure recently. Manufacturing industry in the UK has a rich heritage of famous names that are now housing estates or retail parks as a result of weak management with no vision or long term plan who took the rewards and gave little in return. I agree that its been a poor stock to hold and I speak from experience. It used to provide a reasonable dividend but thats a distant memory now. I know the business and the industry well and I know CMH is now being driven forward at a rapid rate by people who have a CV thats as thick as a phone book instead of the old school tie brigade that paid a dividend because they had a shed load of shares and so did their mates.
redartbmud: The current management is light years in front of the previous incumbents, whose strategy ran the business into the ground. They have sorted out the production side, but the balance sheet does not make pretty reading. This does place a drag on the share price, and the ability to return to the dividend list in the near term. The potential is there for a turn round. Look at the list of disclosable shareholdings.
kwackerh2: Chamberlin makes 100,000 turbo housings a week for major suppliers to VAG and other euro car companies. Demand is increasing 30% next year and advance contracts are at similar levels for 5 years. The long term demand for turbos continues for petrol and diesel with hybrid technology. Water cooled turbos running closer tollerances are the future and guess what , CMH are making them now and not many other suppliers can. Zoolook is right that the business is worth more than £7m and at the current valuation its ripe for a predator to takeover or join forces. :)
rhomboid: Hi kwackerh2 I agree with all your points , do you work for CMH ?
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