Chamberlin Share Discussion Threads

[hastings] 03/1/2017 08:33

Good to see an early tick up here this morning.If numbers come out as projected, then there should be a decent re-rating in store.

[zoolook] 20/12/2016 11:36

In answer to earlier questions about whether Leicester was owned or leased the article makes it clear it was leased:

'In closing the operation it does not I am informed hold the freehold, rather it was leased and with that now up for renewal the company has exercised its right not to renew the option.'

The site is in a 'dare-I say-it' rough area of the city and as others have commented the clean up of foundry sites is costly and time consuming - gaining change of usage even more so. One less distraction for Management to achieve their tantalising forecast!

[cockerhoop] 20/12/2016 11:12

Very positive piece on CMH from Private Punter aka Hastings



With a market cap of just £5.2m and pre-tax profits expected to hit £2m in the next full financial year the shares look extremely cheap on a forward PER of 3.5. Even allowing for the usual discount applied to such cyclical stocks a price of circa £1.30p would still see Chamberlin trading on a single digit PER of 7.

Broker Panmure Gordon having raised its forecast numbers has also lifted its target price to £1.66p from 95p, perhaps highlighting the potential for some serious upside potential.

[redartbmud] 21/11/2016 07:43

ALS

I suspect that there will be a massive site clean up bill. There are bound to be contaminants in abundance.

[arthur_lame_stocks] 21/11/2016 07:36

In line trading statement released today but also the closure of the Leicester foundary.

I wonder if the site has any development potential, I believe it's owned freehold.

[my retirement fund] 08/9/2016 12:35

Chamberlin analysts Panmure Gordon still have 95.00p target price on the stock.

[my retirement fund] 02/9/2016 11:33

OK your view noted many thanks. Looks like this is switching to an upward trajectory now, I'm guess the catalyst driving this is the manufacturing data released yesterday.

[my retirement fund] 23/8/2016 13:17

Do you think a £4M deficit with an adjusted multi decade long repayment plan that could be agreed with the trustee would put the knockers on a takeover ?

[digger61] 23/8/2016 13:09

you are all forgetting the pension deficit....

[my retirement fund] 23/8/2016 12:01

red - A private company taking this out and getting rid of the listing expenses and above all sickening salaries the leeches are helping themselves to will net a huge filip to the net income profit table of any ones books

[value hound] 20/6/2016 13:34

No - the salaries are still anomalously high IMO. According to the AR, Kevin Nolan's basic salary was £208 & £115k bonus whilst David Roberts' was £139k and £73k respectively - £539k in total. For the size of company, this is patently over the top - and it's not like they've been spending it on the shares; they own just over £2,500 worth in total AFAICS!

I've taken all this into account and see it as a negative. But it's still well undervalued.

[redartbmud] 20/6/2016 13:19

MRF

Never say never, but the odds in that direction aren't good.


red

[my retirement fund] 20/6/2016 13:13

It should be a tasty takeover target once the referendum and Brexit issues are done.

[redartbmud] 20/6/2016 12:44

spooky

Executive pay is obscene in most quoted companies. The Establishment has allowed it to happen. If people investing through Institutions got onto the managers, and their pay, something could happen.

Make no mistake, Chamberlin was tantamount to a basket case when these two guys took over. They have earned every penny.

[spooky] 20/6/2016 12:13

Any thoughts on the two directors being paid £550,000 last year? It's a £4 million company for gods sake.

[redartbmud] 20/6/2016 11:07

MRF

I met the latest management at the AGM. They are a class above the previous lot, and have a very good grip on the business.
The problem they have is size. As a small company, dealing with motor manufacturers, they must be at a disadvantage compared to their competitors with vastly deeper pockets. I have personal experience, having been in business in a similar situation albeit in a different industry. It can be very tough.

red

[my retirement fund] 20/6/2016 10:53

Well in theory you're right. I think it all boils down to what sort of confidence and credibility you assign to the management.

[arthur_lame_stocks] 20/6/2016 04:46

Hi value hound

I changed my mind about these and also bought a few at around 60p. They are on a multiple of less than 3 times last year's operating profit and have renewed their debt facilities which should shift about £3m out of current liabilities leaving the balance sheet looking a lot better.

I also agree that the current valuation could look like a dream in a couple of years time and think these will be twice the current price.

Arthur

[value hound] 19/6/2016 21:30

I've bought some of these at 60p. I think the new contract at Walsall and a significantly better €-£ relationship (weaker £) will combine to enable CMH to make around £1.5m-£2m the year after next on a £40m-plus turnover. Add in some value for the net tangible assets of £4.7m - and the current valuation of £4.34m will look a dream in hindsight.

[my retirement fund] 01/6/2016 09:09

Well if this shower cant even make hay from the weak pound and has to pretend the currency is still unfavourable I dont think there is a lot of hope of future solvency imo.

What a bunch of loosers - or rather any shareholders that is - the management are making a fat wage and pension whilst in office Ha ha ha!

[arthur_lame_stocks] 10/4/2016 10:33

I've looked at these a fair bit and although they maybe look attractive on some measures they're just not consistent performers. I guess there might be some value in the assets.

I don't think i'll bother with them myself.

Arthur