Chamberlin Share Discussion Threads

[cfro] 06/6/2011 12:56

Plonked these on my watchlist. First viewing they do look cheap.

[interceptor2] 06/6/2011 11:14

PSR.....2002...2003...2004...2005...2006...2007...2008...2009...2010
High....0.60...0.47...0.49...0.46...0.43...0.40...0.31...0.21...0.22
Low.....0.42...0.35...0.36...0.34...0.35...0.34...0.13...0.10...0.09
Net
margin..2.4%...2.6%...4.3%...4.0%...n/a....1.5%...n/a....n/a....0.25%
SP
High....220p...177p...205p...260p...230p...214p...195p...80p....120p
Low.....155p...130p...150p...190p...190p...185p...70p....40p....50p

EPS.....9.0p...9.6p...18.0p..22.5p..neg...8.0p....neg....neg....1.3p

Revenue.27.0m..27.3m..30.8m..41.4m..39.2m..39.9m..39.9m..28,4m..39.9m

Judging by the very strong statement in the recent results, I see no reason why CMH can't return to historic Net Margins of 4%. Adjusted Net Margins were 1.25% last year.

Note how revenues increased to pre-recession levels of 39.9m, and sounds like prospects are very strong going forward. I think CMH are just way under the radar like TCN were, but I don't think that will be the case for long.

ic2....

[envirovision] 06/6/2011 10:58

Look forward to it, ps the fact there's just a few of us and 16 posts in over a year is a rather large positive in itself.

[interceptor2] 06/6/2011 10:49

You are not so alone now envirovision.

I will post some of my notes later to try and justify my double prediction.

ic2....

[envirovision] 06/6/2011 10:43

welcome aboard.

[interceptor2] 06/6/2011 10:33

I have spent the weekend looking at this company, and came to the conclusion that they were undervalued against other companies in this sector.

I have shares in TCN in this sector who released very strong full year results today. So with this confirmation I have brought my initial holding in CMH, which I believe have the potential to double in the next 12 months imo.

Regards ic2.....

[marky_mark06] 26/5/2011 23:16

No you're not on your own! I bought into this stock a few months ago and watched it sink below 100p. I kept my nerve and held onto it as it's an interesting company that survived the recession of 2008/9 and is now on the way back. I like the fact that it doesn't depend on the domestic market for growth and continues to benefit from the weak pound.

[envirovision] 24/5/2011 23:10

So is it just me on my own then?

[envirovision] 24/5/2011 13:59

Broker Upgrade:

Finncap raises Chamberlin (CMH.L) price target to 140p from 115p.
FinnCap predicts 2011 pre-tax profits of £1.6m and EPS of 13.7p. Compared to its nearest rival Castings the shares trade at a big discount, and with management focused on building scale by acquisition the rating looks harsh.

[envirovision] 24/5/2011 08:22

KEY POINTS

-- Group returns to full year profitability and dividends restored

-- Revenues increased by 40% to GBP39.801m (2010: GBP28.453m)

- driven by continuing recovery across core business

-- Underlying* operating profit of GBP0.904m (2010: loss of GBP0.895m)

- H2 profit GBP0.682m versus H1 profit of GBP0.222m, a 306% improvement

Statutory operating profit of GBP0.508m (2010: loss of GBP1.049m)

-- Underlying* profit before tax of GBP0.804m (2010: loss before tax of GBP1.028m)

Statutory profit before tax of GBP0.333m (2010: loss before tax of GBP1.421m)

-- Cash generated from operations increased to GBP1.791m (2010: GBP0.502m)

-- Net debt reduced to GBP2.9m (2010: GBP3.45m) - lowest level since March 2008

-- Underlying* earnings per share of 6.7p (2010: loss per share of 12.8p)

Statutory earnings per share of 1.3p (2010: loss of 16.4p)

-- Restoration of dividend payments, with proposed final dividend of 1.0p (2010: nil)

-- Net assets of GBP7.8m at 31 March 2011 (2010: GBP7.9m)

-- Foundry activities saw continuing recovery - light castings at 100% of pre-recession levels and heavy castings above pre-recession levels in Quarter 4

-- February 2011, addition of assets and intellectual property of Jebron Ltd, UK engineering business.

Expected to add over GBP1m of profitable sales annually

-- Board expects continuing growth in new financial year

[envirovision] 04/5/2011 23:08

Also he was explaining how the one cast turbo solution they could offer was proving preferable to older Borg Warner products which had used to comprise of two or more castings.

He explained they are experts in that sand resin composition and quite often they have enabled designers to change items which previously would have comprised several components into just one or two casts. He was unwilling to mention customers but I got the impression Rolls Royce was one. I asked him if he felt China would become a threat and he came across very relaxed explaining that China was unwilling to become involved in more skilled complex castings and was only showing willingness to undertake high volume standard casting components. He added that there were no Chinese manufacturers with the skill or knowledge to replicate their processes and as you wrote buddy, just four other manufacturers had infact bothered to become involved in such technology and so it was a fairly tight & close knit community who had really "pioneered" such processes and was likely to stay that way.

[envirovision] 04/5/2011 18:13

Nice to finish the day in profit, I was staggered by the rash of small buy orders. There must have been a small army of like minded investors on the sidelines watching the stock like hawks.

I must admit I had been doing so and was hoping for some further weakness but it began to become clear it wasn't going to happen.

[envirovision] 04/5/2011 14:33

Yes also spoke to him. Also interesting thing he was saying about the turbo charger housings (that they make for a raft of major car manufacturers). He was saying it used to be a product which was fitted simply to boost power, but now days that this market was set to continue growing fast as just about every car in the future will need a turbo if it is to meet low emission standards with high fuel efficiency and that even smaller cars such as Ford Fiestas and Fiat 500's are having to have them.

He also told me they don't compete with castings since castings dont really make smaller intricate products like they do.

PS results on 24th, I put an order in for 10K worth today.

[2350220] 21/4/2011 23:17

I don't have a position as yet, and had never heard of them before, but I was interested after I had a chat with the MD or CEO on their stall, at Master Investor show last weekend.
He seemed a very with-it bloke, who came across as absolutely pasionate about his business. He has a big vested interest, not just as his job, but in the form of shares he holds.
He was telling me that the sort of moulding processes they carry out are only achievable by four other companies in Europe (at least, that was my take on what he was telling me).
And that they don't just Prescribe a solution to a customer's problems, but very much work hand in hand with their designers/engineers, to come up with the best answers to the job in hand.
Facinating stuff . . . I come from a tekky background.

Hope that this unbiassed bit of blurb is of some use to this board.

Currently mostly invested in Avanti, Orusur, Vatukoula, Golden Prospect among others.

All the best,
John W

[masco3] 25/1/2011 17:54

Chamberlin is exhibiting at the Master Investor show in Islington on 16th April. The organiser, t1ps.com, has a limited number of free tickets available for shareholders and other interested parties. You can claim one by e-mailing [e-mail] quoting "Chamberlin shareholder".

[electronica] 07/1/2011 10:24

Excellent production news from Audi today - with especially good demand for their turbocharged diesels.

CMH are in a sweet spot with their cast (not forged!) turbo impellers. The v thin newsflow from CMH doesn't yet mean that these brilliant trends are reflected in the shareprice. Our time will come soon - but a bit more financial PR from the management would help.

[m.t.glass] 24/11/2010 09:30

Recovery curve reinforced with a breakout on this morning's results. Though sure to be some sellers on reaching the round number I imagine.

At 102.5p the share price is up 50% from the dip in September, 100% up on 12 months ago, up 125% from its lowpoint last December. 166% up from its alltime low of March 2009.

[knitcraft] 17/3/2010 08:26

Why didn`t I have the courage of my convictions?

[owenski] 16/3/2010 09:56

I've looked at this B4 Knit, might be time to have another gander, cheers.

[knitcraft] 16/3/2010 09:40

number 11 in todays risers.

[knitcraft] 16/3/2010 09:22

I haven`t bought in !!! but looking better this am.

[knitcraft] 15/3/2010 16:23

Interim statement to end September 2009

Chairman, Tom Brown, commented,
"While the six months of the current financial year have been very demanding,
set against recession and aggressive de-stocking in the manufacturing sector, I
believe that we have weathered the storm in better shape than many in our
sector. We have maintained our output capability and remain technically very
strong and operationally efficient. We are therefore in a position to leverage
our competitive advantages as recovery comes through.

Although the trading environment will continue to be challenging, we believe
that demand has largely stabilised in most areas of the business and some
sectors appear to be showing signs of recovery. We are confident of delivering
improved results in the second half of the current financial year although,
given the operationally geared nature of the business, the volume of orders
actually achieved will greatly influence the exact outcome.

Beyond that, with our production capacity still fully intact, our proven
technical ability and a lower cost base, we look forward to a significantly
improving trend as the economy recovers."


Market Cap of £3.7 million
Turnover £39million
Loss 2009 £0.5 million.

Significant profits achievable on small increase in turnover and then return to dividend list.

Unloved or overlooked. Very few trades over last few months.

CHAIRMAN BUY AT 51p today.
Rather large spread !

[kneecaps2] 08/5/2009 17:19

the share price is forging ahead now!

[6lucky] 16/2/2009 12:41

Today's profiting warning
sp down to circa 70p
with strong balance sheet and low pe must be buy ,
little or no borrowing , few shares in market , net asset value
in excess of 130p .
IMHO good entry point.
DYOR