Chamberlin Share Discussion Threads

[redartbmud] 20/5/2014 08:18

Zoot alors, catastrophe!

Merde... Le Grand Fromage.... Aaaaaaaaahhhhhhhhhhhhhhhhhhh.

Finis!!!

[redartbmud] 17/3/2014 07:56

I wonder what "Hairy" Tim is up to now? Has he still got the gazillions of shares/options that he received as part of his remuneration? If so his fortunes have waned.

[redartbmud] 16/3/2014 20:49

Despite the fact that they have dropped the Hill, they are very decidedly over it, I'm afraid.

[knitcraft] 15/3/2014 22:08

Just noted the spelling is different......so I give up as no personal financial interest now.
Bought in 2010 when I started the thread and sold them at 145p on the way down!

[knitcraft] 15/3/2014 21:45

This adds some info. They were into leather products including shoes, and engineering when they went bump in 1997. Not as yet found out if the listed Chamberlains is actually the old engineering subsidiary re listed.

Friday 16 May 1997

The sale of the last part of Chamberlain Phipps, the shoes and materials maker which went bust last August, was completed by receivers Arthur Andersen yesterday via a management buy-in. The last sale saved 250 jobs in the UK. Receivers had already sold the footwear subsidiaries in the UK, US and Canada. Yesterday they sold the specialist materials business based in Leicester, Hong Kong, India and Canada to John Fallon and the rest of the existing management team for a "significant sum."


Murdoch McKillop said the complex international rescue operation had been completed with only 10 per cent redundancies. TSB Commercial is supplying pounds 2m in working capital to the new company, Chamberlain Phipps Commercial, which has plants in the Midlands, Yoevil and overseas.

[coolen] 15/3/2014 21:05

Hi Knitcraft, I may be wrong but I recall Chamberlain & Phipps as being involved with shoes as opposed to Chamberlin's metal bashing. But at my age, memory can play tricks.

Can anyone else give a verdict one way or t'other ?

[knitcraft] 14/3/2014 21:20

Originally Chamberlain Phipps. Nothing to do with Hill and Smith

[coolen] 14/3/2014 21:12

This company was originally "Chamberlin & Hill plc".

Does anyone know if there is any family or shareholder connection to the highly succesful neighbouring firm of "Hill & Smith plc" ?

[redartbmud] 14/3/2014 07:47

The Chuckery foundry is sitting on prime housing land, if it can be decontaminated easily/cheaply.

Le Grande Fromage est tres tres tres tres tres bleu.

[coolen] 13/3/2014 20:08

I suggest they ask a few of its institutional holders whether they might put up some more cash. Perhaps a convertible pref ?

Won't help the share price, but this company is so accident-prone it needs every cushion it can find.

[envirovision] 12/3/2014 23:06

Dead around this neck of the woods anyone know what's going on?

[zoolook] 16/1/2014 10:03

Hi Steve, Count me in !

[stevemarkus] 10/1/2014 09:43

Hi Simon. I sold my Aurora straight after the tender and got a decent price for it, and then made the mistake of rebuying lower down, so am looking at a slight loss at the moment. NAV is about 41p though so still a significant discount, and I think it is only a matter of time hopefully until some more assets are sold. Fingers crossed! Still watching and waiting.

On another subject, crazycoops from TMF (@RanmoorRuffian on Twitter) and I were thinking of meeting up in Sheffield sometime to have a chat and a drink. Would you be interested? He was one of the people at the last one (in 2007!). Be quite nice to arrange something and see what people are up to.

Cheers,
Steve.

[zoolook] 09/1/2014 14:55

Hi Steve,

Yeah I was a too quick off the mark here. Didn't think the divi would be axed. Live and learn. I'm in for the long haul but its going to be a bumpy ride. Bunker mentality required methinks.

AURR been a disaster so far at least. You still in ?

[stevemarkus] 09/1/2014 11:31

I'm not sure, the problems looked fairly serious to me, and it could be a while before the company becomes profitable. I've been watching this since Simon pointed it out to me but it's not time for me to buy it yet. If ever.

Cheers,
Steve.

[envirovision] 08/1/2014 13:59

Thats what I mean, enough time has passed to sort out the problems so price could rise ahead of positive news.

[zoolook] 08/1/2014 13:13

Why's that then ? Buyers and sellers will be put off by the spread. Until positive news emerges about the progress of the turnaround there seems little to provoke a rise in the share price

[envirovision] 07/1/2014 15:53

This has got to start turning soon?

[redartbmud] 18/12/2013 14:11

Next stop the poor house.
Le Grande Fromage est tres tres bleu maintenant.

[bench2] 18/12/2013 12:48

Still trending down and no director buying . Castings seem to be eating them alive.

[zoolook] 27/11/2013 09:02

· Senior management team appointed in September 2013 - focused on rationalising cost and formulating a strategic growth plan

· Revenues down 14% to £19.5m (2012: £22.6m) - reflecting the difficult market conditions across foundry activities

· Underlying loss before tax of £639,000 (2012: profit of £914,000)
Statutory loss before tax of £1,162,000 (2012: profit of £786,000)

·Cash outflow from operations of £336,000 (2012: cash generation of £1,531,000)

·Net debt at 30 September 2013 of £2,336,000 (2012: £887,000)

·Diluted underlying loss per share of 6.8p (2012: earnings per share of 8.1p)
Statutory basic loss per share of 11.9p (2012: earnings per share of 7.6p)

· Interim dividend suspended until justified by trading performance of the Group (2012: 1.25p)

· Board expects H2 performance to show an improvement on H1



Was expecting a drop in the share price with the dividend suspension but all that has happened is that the sell price has decreased. The quoted spread is massive now (79p vs 87p)

[bench2] 26/11/2013 10:46

Mice having a field day not much cheese left for shareholders . I will watch and wait to see if the company can reduce it's cost base and get some profitable new orders . Some concerted director buying will give us the clue to get back on board .

[bench2] 12/11/2013 10:40

Red are you tempted to put a toe into this "stinking bishop " ... broad economic recovery may suit CMH ?

[redartbmud] 31/10/2013 08:13

The mice are in! Le grande Fromage is in danger.