Chamberlin Share Discussion Threads

[envirovision] 15/1/2015 11:30

All very quiet again

[redartbmud] 16/12/2014 20:40

bench

Yes indeed. New management appears to be 'doing the business'. I always had big reservations about 'Hairy Tim'.

Le Grand Fromage est celebre. Magnifique.

red

[bench2] 16/12/2014 19:29

Holy Cow Red ...... just noticed CMH after getting glossy interim sent to me . With most small caps in trouble , Le GF now beginning to come good , running totally counter trend ...... who said pigs couldn't fly

[redartbmud] 25/11/2014 09:29

Half Year Results
For the six months to 30 September 2014

Key Point

· H1 results show continuing progress in business turnaround

- cost reduction programme has aided return to profitability


· Revenues up 8.2% to £21.1m (2013: £19.5m)
- foundry division revenues up 8.5% to £16.0m
- engineering division revenues up 7.1% to £5.1m



· Underlying* profit before tax of £0.4m (2013: loss of £0.6m)

On an IFRS basis, profit before tax of £0.3m (2013: loss of £1.2m)

· Cash inflow from operations of £0.5m (2013: cash outflow of £0.3m)

· Net debt at 30 September 2014 of £3.8m (31 March 2014: £3.6m and 30 September 2013: £2.3m)

· Diluted underlying* earnings per share of 3.9p (2013: loss per share of 6.8p)

On an IFRS basis, basic earnings per share of 2.6p (2013: loss per share of 11.9p)

· Post period, two major contract wins by Walsall foundry respectively worth:

- €6.7m over four years

- €26.0m over eight years

· Board expects full year results to be in line with current market expectations


*All underlying figures are stated before net financing costs on pension obligations, administration costs of the pension scheme, exceptional costs, share-based payment costs and associated tax impact.

Chairman, Keith Butler-Wheelhouse, commented,

"Results for the first half show a significant improvement on the same period last year, and most importantly, Chamberlin has moved back into profitability. This reflects a combination of factors including management actions to address the cost base, a strong performance from the Walsall foundry, helped by improved conditions in the turbocharger bearing housing market, and the engineering division delivering improved sales and profits.

Actions to deliver the ongoing turnaround of the business continue. The new executive team remains focused on measures to achieve further cost efficiencies and improve processes. At the same time, we are working on new business development and further refining growth plans. The two major new contracts wins we announced on 17 October and 18 November are highly encouraging. While there are clear challenges, the whole organisation remains focused on our business turnaround plans and therefore we believe that the Group remains positioned to deliver current market forecasts for the full year."

Bravo le grand fromage!!

[redartbmud] 18/11/2014 07:46

The change in management is beginning to show in the results.

Le Grand Fromage est manifique pour son selection de CEO. Bravo!

[gargoyle2] 18/11/2014 07:34

Whisper it quietly, but the turnaround is gathering pace here imo. Back to 150p soon I reckon.

[redartbmud] 31/7/2014 21:11

Detached or semi-detached?

[zoolook] 31/7/2014 21:00

Market cap has increased from a three bedroom house in Central London to a four bedroom one

[redartbmud] 31/7/2014 08:39

AGM Statement



Chamberlin, the specialist foundry and engineering group, will be holding its Annual General Meeting today and Chairman, Keith Butler-Wheelhouse, will provide the following update on current trading:



"Group revenue in the first quarter has been in line with management forecasts. The cost reduction activity initiated by the new management team in the fourth quarter of 2013 is generating a more positive outcome for the Group. Measures to achieve further cost efficiencies are being taken which the Board anticipates will generate improved profitability for the current year significantly above current market expectations."

Le Grand Fromage.

[redartbmud] 30/6/2014 08:38

Annual Report out.

Zoot alors!!!!!!

Peut etre Le Grand Frmage est en larmes?

[redartbmud] 24/6/2014 22:11

I'll be patient until the end. I am just not sure when that will be, based on their propensity to find and tread on banana skins.

[zoolook] 24/6/2014 18:02

Patience boys

[redartbmud] 24/6/2014 07:57

Mon Dieu, more BOGOF than value.

Finis!!!!!!

[envirovision] 24/6/2014 01:06

This needs to be broken up and sold off piecemeal

[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.