Chamberlin Share Discussion Threads

[coolen] 22/8/2017 21:11

Thomas Charlton is a semi-retired merchant banker/fund manager. Respected and conservative in terms of his investments.

[tiswas] 22/8/2017 21:05

Thanks both, especially gargoyle. That is a really useful link.

[zoolook] 22/8/2017 16:37

There is a bio of him on bloomberg. Id link it bit the links don't work but you can google it. He is a longstanding investment management professional with an interest in investing in smaller companies

[tiswas] 22/8/2017 12:50

Still can not make my mind up about buying this one.

Stockopedia stock rank only 43

Who is Thomas Charlton?

Thanks

[my retirement fund] 02/8/2017 14:14

LolHahaha LOL !

[paleje] 27/7/2017 14:13

Summer trading though, can't trust it.

[my retirement fund] 27/7/2017 10:35

Momentum my friend, momentum

[paleje] 27/7/2017 10:33

MRF, why?

3i had this to say about them the days after the AGM:-

Chamberlin (CMH)

Foundries operator Chamberlin published complicated full-year figures because of all the one-off and exceptional charges and the difficulty in matching the figures to the forecast in the market. Last year was always going to be one where the decks would be cleared to ensure a new year unencumbered by write-offs. This year, the turbo charger castings contracts that have already been announced will start to contribute.

There are high barriers to entry and the weakening of sterling has provided an additional boost because the majority of sales are exported. The closure of the Leicester foundry enables Chamberlin to focus on its core activities and the business can ride the cyclical upturn. The new machining facility has opened in Walsall and production is building up. This makes Chamberlin the only fully integrated supplier of grey iron bearing housings in Europe.

An underlying pre-tax profit of around £2 million is forecast for 2017-18, and profit could rise to £2.5 million the following year. Despite the large rise in the share price the 2017-18 prospective multiple is eight. Given the additional potential as demand builds up for turbo charger castings, and the investment in the machining facility pays back, this is a modest rating.

Thomas Charlton has taken his stake above 3% and he obviously appreciates that the shares are undervalued.

[my retirement fund] 27/7/2017 09:45

This got a pound tagged on it

[redartbmud] 20/7/2017 22:28

The share is very thinly traded. Buys today 753 sells 2515.

[croasdalelfc] 20/7/2017 09:32

A muted response tho say the least - no trades!

[hastings] 20/7/2017 08:06

Excellent update, forecasts up to end of 2019 already well underpinned and winning new business now very welcome.Should see a decent tick up this morning but still looking cheap.

[redartbmud] 20/7/2017 07:49

" commences towards the end of 2019 and will replace an existing programme at Walsall for the same customer, which is coming to the end of its life cycle."

Is there a gap between the two, or a tail off in the existing contract supply that will mean lower orders in the interim period?

Anyone going to the AGM?

[rivaldo] 20/7/2017 07:24

Good AGM trading update today, with sales ahead of expectations and a solid start to the year. Plus the announcement of a €3.7m renewal contract going forward



""The Company has made a good start to the new financial year with sales in the first three months slightly ahead of management expectations. We have made additional investment at our new machining facility to support the increasing volumes and, accordingly, first half costs will reflect this.

"I am also pleased to highlight a major new contract signed by our foundry operation in the period with an existing customer, a leading European supplier of components and parts to the automotive industry. Worth €3.7 million over its seven year term, the contract commences towards the end of 2019 and will replace an existing programme at Walsall for the same customer, which is coming to the end of its life cycle. The award underlines our technical expertise and high service standards as well as our strong customer relationships.

"The Board looks forward to providing a further update on trading in due course."

[rivaldo] 18/7/2017 15:43

Surprising retrace, but this is a very illiquid stock and volumes have ben small with a few sells.

An opportunity imho - particularly with the AGM statement coming on Thursday.

[zoolook] 03/7/2017 17:47

Maybe get in touch with Hardman and ask them what they based the change on

[tiswas] 03/7/2017 16:31

zoo/red

If you are both familiar with the company any chance you know of the reason for the big difference in the eps forecasts outlined above?

[zoolook] 30/6/2017 20:48

Agree. Nolan is the best Ops guy I've met, and I've met a few. Roberts is inscrutable which is not untypical of a good FD.

[redartbmud] 30/6/2017 20:37

zoo

Nolan is a real down to earth worker. Roberts is a bit insular, so harder to read. Nothing like the previous pair, and the results reflect that fact.

Options Exercisable at 97,65p Nolan 362195 Roberts 237805 Exercisable at nil Nolan 207363 Roberts 142637.

[zoolook] 30/6/2017 20:23

Re my response post 452 FWIW:

"Didn't ask directly but Nolan isnt a stocks and shares man ie he is the exact opposite of the wheeler dealer spivvy type AIM CEO on-the-make if you know what I mean. Dave Roberts the same. This is Nolan's first listed company. I don't know their stakes but I wouldnt read anything into them not ploughing their own money in."

[tiswas] 30/6/2017 13:11

Another thing.

Despite the rather old header to this thread the CEO does not appear to own any shares and the CFO just 5000. They do have options over 560k and 380k but I like to see management with some real skin in the game.

Not paid badly either!

[rhomboid] 29/6/2017 18:14

I'm told by research tree there was a revision in June so the lower figure is most recent/relevant.

Not sure that helps much as it doesn't get to the reasonfor the adjustment but best guess is pension payments