Chamberlin Share Discussion Threads

[rhomboid] 21/2/2021 18:13

Ahh understand I believe that Russell Ductile & Petrel are decent businesses...I cannot believe the self inflicted gunshots in the castings business...they spent millions on new cells to support BW ..then had teething problems on the mandated machines ...then lost the contract but are left ridiculously indebted as a result of the investment Sadly I think Trevor Brown now has this in a bear hug & will extract the upside leaving other shareholders counting their losses

[rhomboid] 21/2/2021 17:30

Best of luck Nextlink...hopefully this is somehow saved...For the benefit of all shareholders not just Mr Brown Best wishes PS I held a starter position here a few years back..had various contacts with the company but couldn’t get a satisfactory explanation as to why the well paid MrNolan wouldn’t buy any shares ..I sold out as a result

[nextlink] 21/2/2021 16:41

I am well aware he holds all the cards. It does not alter the fact that he would lose the £200K if Chamberlin went into receivership. Not that I anticipate that will occur. He is an astute businessman and no doubt finance is already arranged together with plans to sort the company out.

[rhomboid] 21/2/2021 16:29

He’s not just ‘a shareholder like anyone else’ ..he’s got up to 29.4% of the equity for £200k & a board seat & the mandate to secure finance ‘This funding has been advanced by way of an unsecured convertible loan note instrument, resulting in Trevor Brown being issued with £200,000 Notes. Subject to the passing of the Resolutions (as set out below), these Notes will automatically convert into 3,333,333 New Ordinary Shares (at a Conversion Price of 6 pence per New Ordinary Share). The Conversion Price represents a discount of 14.3 per cent. to the closing middle market price of 7 pence per Existing Ordinary Share on 3 January 2021 (prior to suspension of the Existing Ordinary Shares from trading on AIM which took effect at 7.30 a.m. on 4 January 2021). The 3,333,333 New Ordinary Shares will represent approximately 29.5 per cent. of the Enlarged Share Capital’ He’s in charge

[nextlink] 21/2/2021 13:54

He is just a shareholder,like anyone else, albeit with a sizable stake. Mike Ashley invested millions in Debenhams and lost the lot. Trevor Brown would also lose all the £200,000 if Chamberlain go under. From his perspective he can afford to lose what is to him a modest investment. However I am sure he believes he can make multiples on his investment and I am watching with interest to see what happens.

[bigman786] 21/2/2021 13:20

Nextlink. If it still goes, does Brown lose that 200k or does he have any rights to say the Land it's on ?

[nextlink] 20/2/2021 14:02

Fascinated to see where this goes. On every measure this Company looks doomed. However Trevor Brown's move leaves a faint hope of some kind of miracle.

[baner] 16/12/2020 15:00

no doubt - ten and out!

[arthur_lame_stocks] 16/12/2020 14:51

That's got to be the death knell for this mob.

[gimmetheloot] 16/12/2020 11:59

Ouch trading update this is going to hurt

[mkpmahendra] 05/12/2020 08:19

I have work for these people, they will not come out of this, machine shop which supplies parts to Borg Warner and JLR. Modern cars are going electric and the demand for turbochargers are gone.

[my retirement fund] 23/11/2020 11:50

Yes that looks to be the end game now, no more discounted fundraising opportunities now. Insolvency and a peace meal sale looks like the final destination. I'm not an expert but i don't know of anyone who would take the whole group as a going concern but the market is still attributing some value to the shares so who knows.

[pugugly] 23/11/2020 08:18

rns today reads like they have reached the end of the road - Bargepole territory reached (imo)

[diku] 27/5/2020 10:04

Anybody watching this?...about to make a move...

[ppvn] 11/12/2019 10:57

If they can put the business on a sustainable path I still think there is a lot to be had here. All very well and good gloating about people chasing it up then getting burnt but everyone can trade how they want. In time hopefully this business recovers and isn't marked down at this price forever. My ownership of this share is documented on this thread so I'm personally doing ok here - would be nice for the company and its employees if it is able to recover. I wonder if management will be taking a -28% remuneration to match their smaller workforce and help the business on the way. Har-de-har.

[costax1654x] 10/12/2019 07:35

Look at the price now!Some got a falling knife

[dave4545] 09/12/2019 18:45

Few more Friday chasers taking monster losses. 6657 paid 45p sold for 33.50p today 3 more trades like that then it's wipeout for them

[glenbo1] 07/12/2019 13:49

buy £8ksell £5.5kLose £2.5k in a day.If the person who's trade they were are present on this board I am happy to try and give some guidance.

[dave4545] 07/12/2019 10:09

That 14805 blimey pays 54p and sells 37.3p Mind % wise it's normal on decimal spikes to see lots of people lose around 20%+

[glenbo1] 07/12/2019 09:53

Miton bought over 10% in November what does that tell you....

[glenbo1] 07/12/2019 09:52

Look at the Hardman notes.Miton bought over 10% of the company in November.Its moving forward,what are your reasons for back in the teens as you put it.Do a little research and you may actually surprise yourself.