Chamberlin Share Discussion Threads

[interceptor2] 10/7/2012 22:47

Yes I read it somewhere a few years ago, I bet it's one that will stick in your mind also.

A one or two day downward spike is also known as a Kangaroo tail, not that I'm a chartist :o)

ic2...

[cfro] 10/7/2012 20:08

'Kangaroo tail' IC2 that made me laugh. I've never actually heard of that term before.

Lets all hope CMH makes a 'possum peak' very soon! :0))

[interceptor2] 10/7/2012 19:53

I think the chart is very interesting here,it shows clearly the spike (Kangaroo tail) to 160p in March, market tested this new level, but failed to find volume to support the move. Then another try in May that didn't almost stuck, but a proper breakout last week at the third attempt.

Also encouraging for export manufacturing companies like CMH and TCN the news that economic data showing that UK manufacturing rose during May and that a growth in exports had led to a narrowing of the trade deficit.

ic2...

[rivaldo] 06/7/2012 16:47

Nice close on £3k of buys today :o))

[interceptor2] 05/7/2012 11:26

Yep break out has held and share price is now moving on :o)

ic2...

[rivaldo] 05/7/2012 11:21

New chart highs....

[cfro] 04/7/2012 16:55

Nice GCI article IC2, thanks for that.

The LED lighting/Petrel piece is new to me too and totally agree with you guys that possibillities there look interesting. I too wouldnt be at all surprised if an acquisition might be made in that direction.

[interceptor2] 04/7/2012 11:30

In the last full year results CMH said "We anticipate that growth will be achieved both organically and by acquisition and we will continue to explore opportunities which would be a logical extension to the Group. "

And we know they raised £500k cash in a placing in July 2011.

I wouldn't be surprised if they are on the look out for an acquisition in the LED lighting sector, which has historically high margins.

It is hard to work out Petrel's margins because they are accounted for together with Exidor in the Engineering sector which accounts for only 18% of group revenue, and a net margin figure of 4.96%, not bad but I would suspect Petrel may be higher.

ic2...

[rivaldo] 04/7/2012 08:47

Cheers ic2, reads very well.

The LED lighting possibilities at Petrel are new to me and extremely intriguing! The results only mentioned "niche applications"...

The market loves legislation-driven businesses. With 19.9p EPS forecast this year, if all goes well we may see not only a re-rating based on the cheap rating and the sound Balance Sheet, but also a re-rating to a higher P/E level altogether with CMH moving away from their "metal-basher" image.

[interceptor2] 03/7/2012 19:41

Third attempt to break out above 160p looking promising, as long as sellers don't appear we should see some decent progress here.

ic2...

[cfro] 03/7/2012 14:09

Great to see this finally start to move again. About to breakout strongly now?

[rivaldo] 03/7/2012 12:11

Encouraging to see a buy just through at 160p when the published offer price was 159p.

[cfro] 28/6/2012 18:21

Lovely, thanks ever so much riv.

[rivaldo] 28/6/2012 14:12

Worth noting that Trendwatch mag tipped CMH as a Buy a week ago in its fortnightly issue. I won't copy it in full as it's too long and the formatting is awful. But here's the conclusion:

"If all goes according to plan, we are looking to a price-earnings ratio of about 8 this year and a bit less than 7 in 2013. There is a prospective
yield of just over 2%. We are not only adopting a defensive stance here – we would hope that some of that turbo-charged acceleration that we're always hearing Jeremy Clarkson go on about can to be transferred, at least in part, to the share price. Over to you Mr Hair. BUY"

Much emphasis on the new turbocharger regulations too of course:

"There is also a notable market opportunity. In 2010 some 10% of petrol engines were turbocharged. However, by 2015 approximately 80-90% are expected to be
turbocharged. Chamberlin has supplied castings into this market for over 10 years. Recent EU emissions legislation has resulted in the car makers needing to meet the new standards.

The company has been working with a large turbocharger manufacturer for the last two years to take a critical part of the turbo from design to full production. This work is ongoing and further products will go live over the
next 18 months. The company is one of only four specialist foundries in Europe with the technical capability to develop and supply these castings, which currently account for 21% of group sales."

[redartbmud] 21/6/2012 08:29

Electronica

Accepted, but I have a bee in my bonnet about the fact that many southerners believe that England is divided into two halves at Watford, the north/south divide.

Chamberlin HQ in the Midlands.

[rivaldo] 21/6/2012 08:28

IC2, cheers for the GCI tip. If there are no subscribers out there then hopefully GCI will make it available to all after a while.

I've been to the football ground in Scunny :o)) A never to be forgotten away win....

[interceptor2] 20/6/2012 22:34

redartbmud, Not guilty. Extract copied from GCI report.

ic2...

[redartbmud] 20/6/2012 22:24

interceptor

Chamberlin is in Walsall - The Midlands NOT The North.
Just a point of principle.

[cfro] 20/6/2012 19:10

Margin expansion will happen here just a matter of time. These will achieve higher margins than 4% imo too.

[interceptor2] 20/6/2012 17:09

Looks like a buy recommendation in Growth Company Investor today, it will be interesting to read the write up now that they have lost Miles Nolan.

Write up not released to non subscribers, but the first sentence looks positive.

"Engineering firm Chamberlin (CMH) is a cartwheeling bundle of joy in the puddle of despair that is the business of manufacturing in the North."

ic2...

[interceptor2] 20/6/2012 14:19

Results from Castings CGS today, which easily beat estimates could be the reason for the tick up. Just need some volume to break throught the resistance at 160p, but not much volume in small caps at present.

I noticed that CGS net margins are about 13%, so plenty of room for improvement at CMH which achieved only 2.74%. They achieved over 4% in 2004 and 2005, so a return to these levels in 2013 will make a large difference to EPS.

ic2...

[rivaldo] 20/6/2012 08:40

Nice and quiet here, and good to see a tick up.

Time for a breakout to new highs imo.