Chamberlin Share Discussion Threads

[rivaldo] 26/5/2017 15:45

Glad I picked up a few more :o))

[rhomboid] 24/5/2017 13:10

Did anyone get to the presentation in London? I'd be very interested in any feedback , thank you!

[rivaldo] 24/5/2017 12:46

Here's another source for Hardman's report yesterday - this also quotes 19.4p EPS this year and 23.4p EPS next year.

I can only assume that Hardman reissued the report later with slightly amended figures.



"Valuation: The shares remain attractively valued, trading on calendar 2017 EV/sales and EV/EBITDA of 0.5 and 6.1 times respectively, compared with sector averages of 1.1 and 8.7 times respectively. Our DCF valuation, using a WACC of 10% suggests that the shares remain undervalued with a fair value estimated at over 200p.

Investment summary: Chamberlin Plc is repositioning itself from a traditional engineering company to become a key supplier to the automotive turbocharger sector. The shares offer the opportunity to invest in a cyclical stock with high operational leverage. The risk/reward profile remains favourable and the shares remain attractively valued against its peer group and on a DCF basis."

[rivaldo] 23/5/2017 21:53

Hardman's forecast of 20.1p EPS this year came from here (I assume you have to be a Research Tree member as I am to access it?), with 24.6p EPS next year:

[zoolook] 23/5/2017 17:15

Rivaldo not sure where you got 20.1p The underlying EPS estimate is currently 19.5p for 2018 which is virtually unchanged from 19.4p in March. 2019 estimate is down slightly from 23.9 to 23.4p.

They said the results are in line with expectations but their March estimate for this year was 12.8p yet now 4.5p which must count as a miss.

Link to latest Hardman report here: hxxp://hardmanandco.com/docs/default-source/company-docs/chamberlin-plc-documents/chamberlin-final-results-23rd-may-2017.pdf

Link to March report here: hxxp://hardmanandco.com/docs/default-source/company-docs/chamberlin-plc-documents/chamberlin-final-results-23rd-may-2017.pdf

I have probably got the wrong end of the stick - wouldn't be the first time.

ps MRF so much for filtering me. Typical

[croasdalelfc] 23/5/2017 15:33

Rivaldo - nice to see you here!I nearly bailed this morning for a 15% profit but glad I held on . Only a small holding but could easily double in a year or so

[rivaldo] 23/5/2017 11:32

Bought some of these on the dip today.

Hardman have now increased their forecast to 20.1p EPS this year. They're not normally ones to over-egg things (though there's always the exception!).

Above all, CMH is obviously a company on the up. Good to see the other two subsidiaries doing well too, but the core turbocharging division is only going to get better and better, especially given the favourable regulatory environment supporting its growth.

And the pound's weakness will also help drive sales and further enquiries in making CMH's products that much cheaper to its prospective customers.

[zoolook] 23/5/2017 10:31

My Retirement Fund Mark 2

[hastings] 23/5/2017 09:40

It's the 2018 numbers and beyond that has lifted the shares and that hasn't changed.Holding.

[zoolook] 23/5/2017 09:28

4.5p EPS is a short term disappointment based on expectations so understandable fall in the share price this morning, but long term growth outlook still intact

[croasdalelfc] 10/5/2017 10:31

I bought a few this morning nice to see blue straight away

[davidosh] 08/5/2017 17:42

The meeting is in London near Bank station.

[kneecaps2] 08/5/2017 17:09

Sorry Daviddosh I have got a lot of these but abroad on 23rd May

[rhomboid] 07/5/2017 21:19

Yup..amongst other more positive stuff🙂

[zoolook] 07/5/2017 20:51

You going to give them hell about their salaries ;-)

[rhomboid] 07/5/2017 08:24

Hi davidosh
Whereabouts is the presentation? London or midlands?

[davidosh] 05/5/2017 11:11

I have a lunch results presentation arranged for Tuesday 23rd May at 1pm if any of you would like to attend just email me via mellomeeting.co.uk

[hastings] 27/4/2017 07:59

Latest figures for exporters in around the automobile sector are very upbeat.CMH seemingly in an increasingly decent spot.

[zoolook] 25/4/2017 19:30

Top sliced today. Still my biggest holding. Feel a bit guilty but it didn't affect the price.

[cockerhoop] 24/4/2017 09:32

The Hardman note said 12.8p EPS for the year (with 13.7p in H2!!!) just completed and the company have said they're inline so not expecting any surprises in late May with the results.

[redartbmud] 24/4/2017 09:25

Could well be. I am being lazy, I'm afraid.
I would hope to see a good period of consolidation from here. The new management team have certainly breathed life back into the business. Few would understand the enormity of the task involved. From a personal standpoint, I would like to see some strength in the balance sheet before they return to the dividend trail. Longer term it will be better for the business, and therefore the shareholders.

[cockerhoop] 24/4/2017 09:14

It's probably related to the YE March 2016 (5.5p EPS) so well out of date.