Chamberlin Share Chat (CMH)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Chamberlin	LSE:CMH	London	Ordinary Share	GB0001870228	ORD 25P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.50p	-1.20%	41.00p	37.00p	45.00p	41.50p	40.00p	41.50p	21,062	12:52:39

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Industrial Engineering	37.7	-0.5	-10.2	-	3.26

Chamberlin Share Discussion Threads

Showing 701 to 723 of 725 messages

Chat Pages: 29 28 27 26 25 24 23 22 21 20 19 18 Older

Date	Subject	Author	Discuss
06/2/2019 08:48	Yes good stories from the Board to shareholders for several years but in reality they’ve had the strategy all wrong. Dread the thought of how much cash has been pumped into the foundries in investment and turnaround. And the expensive management are all foundry people as well. A more rational strategy Would not to have bothered with the foundries - given them away to and with the overpaid management or closed them. And kept and not sold the Exidor business which clearly didn’t demand the investment or the expense that the foundries did and will continue ........... classic amateur turnaround of selling the best and ending up with the unwanted unsaleable bits. Did used to think the property may have underwritten some value but a pity local knowledge seems to say not.	2realist	Read Full Thread Reply
06/2/2019 07:44	The cash is enough to pay the grossly overpaid BOD and management team - who gradually destroy what is left of this company. Terrible.	baner	Read Full Thread Reply
05/2/2019 16:59	Today’s announcement! Market conditions and continuing losses means selling the better Exidor business really was to save a foundry that doesn’t seem to be able make a return. New ( well not so new any more )management, Lots of investment, New contracts - but turnaround is elusive to say the least - question now is whether the cash from the sale is sufficient and will last until an upturn ?	2realist	Read Full Thread Reply
24/12/2018 15:16	I looked at the site too..and reached the same conclusion...I really can’t think of any conceivable alternate use other than potentially a small supermarket or comparatively modestly priced housing The underlying contracts would be of little interest to somebody if they cannot generate acceptable margins ...so it really is a case of mgt demonstrating that can be the case. I’m on the sidelines having had a dabble here previously when things looked brighter	rhomboid	Read Full Thread Reply
24/12/2018 12:07	Interesting but a bit of a dampener - so if Castings aren’t the natural buyer then it sounds like it’s only someone with an existing foundry, then with the removal costs etc etc. And without Castings is there anyone with a similar facility in U.K. who could make a return. Suppose that takes me back to - why did they sell the better business and keep the foundry - seems like the answer is because the foundry is unsaleable and so that was the only way they could survive. Now down to management to pump out returns like Castings, which is an outstanding promise from several years ago; or recruit and employ some good people from Castings to do it. As that’s the only route forward for shareholders. From what’s said the residents around Chuckery would prefer a better environment to an old smokestack industry as well. Sounds like a repeat of the manufacturing declines of the 80’s in the Midlands - but without a nice big site value from Tesco’s to bail out the values. Only Amazon but they won’t like or do anything on narrow roads !! More residential maybe ?	2realist	Read Full Thread Reply
24/12/2018 11:45	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.	redartbmud	Read Full Thread Reply
24/12/2018 11:06	Danny. Just been looking at Castings Plc. They’ve been a strong performer and currently make 8pc and previously made more so maybe a lot more hope if management can meet Castings standards . Think they’re more commercial vehicles and don’t know if returns are better here or even if they do turbos - but if hybrids will beat electric over the medium term and hybrids need 2x number of turbos there’s some growth to go for. Maybe need Casting management if these guys don’t perform soon. They’ve been at it for long enough. Castings financially could mop this up easily as you say Chairman goes out in a high - potentially an exit there if they can squeeze them like they did Assa Abloy! Suppose question is whether Castings are in turbos and want to go into automotive - that I don’t know.	2realist	Read Full Thread Reply
24/12/2018 10:06	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.	danny baker	Read Full Thread Reply
24/12/2018 08:30	Half year results confirm that they sold a valuable business to save a foundry which despite years of investment and management promises still isn’t delivering. Can’t help wondering whether they shouldn’t have sold the foundries and kept the better business they sold to Assa for shareholders? Either they really believe in the foundries v the one they sold - maybe but loss making foundries needing continual investment serving a declining automotive sector doesn’t appear to be an attractive sector. Or they were able to sell the one they sold for a good price to Assa Abloy to satisfy the bank’s (?) but unable to sell the unattractive foundries. So if the foundries are unsaleable it can only be because it really is a difficult business in a difficult sector that no one wants to sink their capital into. Market Cap of 6.5m plus debt of 3.5m plus pension deficit of 1.5m but possibly 6 or 7m to buy out the deficit. All makes an Enterprise value of 11 to 18m. So management will have to make 2 to 3m consistently to justify the current share valuation. Possible. But any slip ups mean shares decline. Target would have to be to increase to profits of 4 to 6m to create any value. Great if they can do it but quite a task.	2realist	Read Full Thread Reply
24/12/2018 07:33	Half-year results: no mention of profit; just ' the Group is expected to deliver an improved performance in the second half although the trading backdrop is difficult.'	pherrom	Read Full Thread Reply
20/12/2018 10:30	Danny Baker - Just looked at Petrel. To me your 5m to 10m valuation is a gross over valuation and this is the simple financial analysis: Petrel’s Turnover 3.7m and profits of 230k. Prior year 160k. That sort of business is worth about 1m. So do you know of some valuable IP or market position it has ???? If so please explain for the benefit of others what takes a tiddler like Petrel up to 5 or 10 million valuation????	2realist	Read Full Thread Reply
20/12/2018 10:23	I said some time ago that I thought they could sell this business to fix the balance sheet. It looks like a good price and now hopefully they can restore the foundries to health and shareholders can finally look forward to a decent return on their investment.	arthur_lame_stocks	Read Full Thread Reply
20/12/2018 10:19	Yes just checked as you rightly say there’s that other little lighting company. But makes only 200k so not sure how that’s quite that valuable. Good that shareholders didn’t have to put up cash if they believe in several things :1) foundries can make a decent return 2) they can cover the 1m or so Plc central costs on their own - tough based on past performance 2)can also cover the pension deficit 3)there’s a good future in turbos v electric ??? Biggest current beneficiary of this is the bank and pension fund - longer term maybe the shareholders...... maybe. For existing holders probably a good time to bail out and find more attractive sectors without pension issues.	2realist	Read Full Thread Reply
20/12/2018 09:41	2realist you're overlooking the value of Petrel, the specialty lighting business which is worth £5-10 million. Once Walsall is humming it should make £2 million a year from turbocharger casings. The value investors here will be happy they didn't have to find the money for a fund-raising to strengthen the balance sheet.	danny baker	Read Full Thread Reply
20/12/2018 07:37	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.	pherrom	Read Full Thread Reply
05/12/2018 15:22	For the half year numbers to 30 September think the rules say they have 3 months to release them - and so, as long as they publish by 31 December they’ve met their obligations under Aim.	2realist	Read Full Thread Reply
05/12/2018 14:03	Where are the half-year results? Any connection with the change in Financial Director?	pherrom	Read Full Thread Reply
21/5/2018 20:29	Looks as if Miton's Diverse Income Trust merely crossed their large holding to their smaller company fund. If so, then MRF is spot on in suggesting that "income" from Chamberlin is some way off.	coolen	Read Full Thread Reply
21/5/2018 15:14	Hmm the diverse income fund. Well they certainly must be diverse to imagine some sort of income from Chamberlain, radically diverse!	my retirement fund	Read Full Thread Reply
09/5/2018 06:33	Thanks coolen. Hoping for a predator myself :)	gargoyle2	Read Full Thread Reply
08/5/2018 22:39	Gargoyle, excellent spot of yours. Yes, must be Miton selling. At first glance, the likely buyer would be one of the top existing holders, viz. the various Chelverton trusts or long term supporter of Chamberlin, Simon Knott at Right & Issues Investment Trust. But a purchase would take Mr Knott's fund to 30%, which is not allowed. And it is a rather large purchase for Chelverton. Almost certainly not Quilter or Barclays Wealth. That leaves the Henderson funds or, perhaps, a predator.	coolen	Read Full Thread Reply
08/5/2018 17:44	Over a million shares traded today... nearly 13% of the shares in issue.. The 990,471 share trade looks like it might be Miton Capital Partners selling out. Same number that they have.	gargoyle2	Read Full Thread Reply
20/4/2018 08:17	Well I truly mistimed selling last tranche. Consoling myself that I broke even overall thanks to sales at 150p which went into VLE. All fallacious self affirming nonsense I know. Pah	zoolook	Read Full Thread Reply

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