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CMH Chamberlin Plc

0.70
0.00 (0.00%)
12 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Chamberlin Plc CMH London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.70 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.70
more quote information »
Industry Sector
INDUSTRIAL ENGINEERING

Chamberlin CMH Dividends History

No dividends issued between 12 Jun 2014 and 12 Jun 2024

Top Dividend Posts

Top Posts
Posted at 08/5/2024 14:05 by kinwah
Jellypbean, the 8-week adjournment is probably because CMH is quoted with until now supportive shareholders so it is not impossible that funds could be raised to bolster the balance sheet and pay off creditors. The court has to allow reasonable attempts to avoid winding-up. The issue is that after selling Petrel and the Chuckery freehold, there is nothing else left to sell that would bring funds into the company.

MRF, a pre-pack is where a business (without all the debts and liabilities) is sold immediately on the appointment of administrators to an already lined up buyer. I think that is very unlikely here. In this industry when a company fails the competitors pick up the useful bits such as the contracts and moulds for current work and leave the administrator to sort out the remaining mess. The UK with its high energy costs and strict environmental legislation is not where you'd choose to operate an iron foundry these days.
Posted at 08/5/2024 08:58 by rivaldo
So not dead yet, with CMH having until 2 July's adjourned Court hearing to sort matters out.

Amazing that CMH are in this position despite all the insider/director buying and from supposedly well-informed investors. Nothing is guaranteed in stock market investing.

Let's hope CMH come out the other side from this.
Posted at 07/5/2024 11:52 by tomboyb
Oh dear -

Is that the end of CMH - ?
Posted at 20/4/2024 14:52 by sunshine today
Lord Lee : uk”s first ISA Millionaire


Lord Lee’s largest holding, Treatt, the food chemicals company, typifies this long-term approach. “This has been a 25-bagger for me,” he said.

“I first bought shares in 1999 for around 30p and have topped up my position 30 times since. It is now around 40pc of my portfolio. It fits my investment approach perfectly: I buy established, profitable, small, conservatively managed companies with a large family holding.”

////////////////////////////////////////////////////////////////////////////////

When CMH shows a profit , ( as i personally believe it will in 24 - 25,)I dear say Lord Lee, may run his slide rule over the company.
Posted at 17/4/2024 11:09 by sunshine today
My Retirement Fund - 09 Jan 2024 - 09:11:10 - 968 of 1024 Chamberlin, for recovery. Director buying - CMH


I couldn't resist a punt. 2.029p via AJ Bell. Could take years to see any value here and very high risk.


///////////////////////////////////////////////////////////////////////////////////


Now you have changed your tune, fair enough.
Posted at 16/4/2024 11:42 by sunshine today
Those that purchased at £1.66P : 7 years ago clearly made an incorrect call at the time.

Those that came aboard in the recent placing must also be a a tad upset.

At today’s opening price of 1.12p mid i estimate 99% plus of shareholders will be underwater.

This is just the type of situation that attracts myself to a company, one needs to know absolutely nothing about CMH, other than todays Market cap of £2M, the actions the company has, - is, taking to produce profits, combined with determined buying of the stock.
Posted at 10/4/2024 08:29 by rivaldo
A poor Q3 update. Now we know why the FD and KBW packed their bags....and why Petrel was disposed of for £3m, which should have left CMH in a manageable position going forward to manage working capital etc. The savings from director exits and other measures mentioned today will also help.

Trading "started to improve during Q4 FY24 and customer schedules are recovering to a more normalised and stable level, with a strong uptick in demand forecast within the next 6-month period as new programs start to ramp up production".

It's interesting to see the repeated use of the word "profitability" in today's RNS. Let's hope this is realistic and not pie in the sky.
Posted at 29/2/2024 07:23 by rivaldo
Intriguing stuff - Free Association Books Ltd (FAB) have turned up with a 3.68% holding in CMH, or 6.6m shares:



This was bought as part of the 2p placing on 9th January judging by the date of purchase.

Most interestingly:



FAB appear to be an investment vehicle for the Brown family. Trevor Brown used to be a director but isn't any more - whilst Edward and 3 other Brwons are still directors.

So in essence Trevor and his family have now bought into CMH to an even greater extent.

He's evidently pretty convinced that there's rather good value to be had here.
Posted at 22/2/2024 13:34 by jellypbean
Rivaldo,

I suspect it may be lease liabilities, that account for the difference. As of May '23 CMH had 2.7M lease liabities, of which the Petrel facility would likely have been a fair chunk. The RNS says CMH will now be subletting to Petrel, so presumably this allows them to remove this liability from the books?

The RNS explicitly states where the 3M is going, I think it's wishful thinking to assume there there has been more cash paid than is stated.
Posted at 22/2/2024 10:43 by rivaldo
Absolutely Tim, fair comment.

My perspective is that Petrel's been sold for a good sum, i.e £3m plus £2.6m of liabilites. In doing so CMH have effectively resolved the pension deficit, reduced expensive borrowings and provided working capital for the core business which is on the rise.

With competitors going out of business, onshoring gaining momentum, petrol/diesel engines looking like they're going to be around for a long time to come etc, CMH fulfil a need for local supply which is only growing and in a shrinking market of suppliers who are soundly funded.

From a £2.75m m/cap there's a lot of room for upside from a company which has been around for over a hundred years.

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