Chamberlin Share Discussion Threads

[cottoner] 05/1/2022 09:15

Sept 2021

The Company has commenced a review of the use of its substantial property assets with the objective of strengthening the balance sheet and improving operational and investment returns from Group resources.

Half-Year Results

As announced on 16 September 2021, the Company commenced a review of the use of its substantial property assets with the objective of strengthening the balance sheet and improving operational and investment returns from Group resources. This review continues and ensuring that the Group has the necessary resources to deliver on its growth strategy remains a key focus for the Board

[garth] 05/1/2022 09:10

I seem to recall that the company were looking to realise some value from some of their property portfolio. But I would have read that months ago so dimming in the memory now.

G.

[cottoner] 04/1/2022 07:23

Looks like today's announced contract for RDC is a follow on from the update in the recent half-year results.




RDC has enjoyed a particularly successful 12-18 months, driven by a burgeoning order book and growing pipeline of opportunities. The main driver for this success has been a combination of reduced competition in the UK as a number of competitor foundries have been forced out of business and, more recently, an increasing desire to source products from the UK rather than overseas due to the often prohibitive transportation costs, excessive lead times and the impact on the global environment. The Board are seeking to take advantage of this unique set of circumstances by embarking on a programme to expand both the production capacity by 30% and types of product that can be manufactured at RDC's facilities. Building on RDC's recent successes is a key priority for the Board and includes exploring opportunities to design and manufacture its own products.

[garth] 21/12/2021 08:20

Good to see the company deliver what was promised by way of a turnaround in this six months. Looking forward to an update on the second half at some point to confirm that trend.

G.

[solo4yous] 18/11/2021 13:25

Strong move in CMH
Keep going

Right this way :)

[garth] 18/11/2021 11:10

Burton,

thanks for the link. Finally had a read this morning having had it open on a tab for a couple of days. And I added a few more too.

G.

[roysta] 18/11/2021 09:11

Some interest today - long overdue - something afoot ??

[molatovkid] 18/11/2021 09:08

Just scratching my head as to what compelled me to buy this.

'The Board expects sales for the remainder of the first half of the current financial year ending 30 November 2021, to be at least in line with management's expectations but now anticipate stronger levels of sales growth and profitability in the second half of the year resulting in an expected earnings per share for the current financial year ending 31 May 2022 of not less than 1p.'

So if we assume they can achieve EPS of 1p that puts us on a forward PE of 7.7.

Not bad. Room for optimism into the future. Could be very good if they can restore consistent profitability and build on the high margin products they are aiming for.

[burtond1] 15/11/2021 07:30

Doing difficult things well for @chamberlinplc "...firms don't survive for as long as #CMH without a fierce will to survive. Not for the first time in its history it is working hard to reinvent itself..."https://total-market-solutions.com/2021/11/chamberlin-plc/

[diku] 12/10/2021 13:49

That 77k got 6.6p...more likely it is heading there...

[linton5] 06/10/2021 14:48

What’s happening chamberlin ? Are you just gonna let this slide to the bottom

[zoolook] 16/9/2021 15:33

The main property asset is the HQ/Chuckery site which can be nicely viewed using google earth. It is surrounded by low value terrace housing that look to go for about £160k and if you added a row of terraces to the site that it would probably take a terrace of 25 houses - not that is likely to be the best way to build housing on the site. The local council would no doubt love to get rid of an environmentally unfriendly foundry and repurpose for housing. The demolition and remediation costs will be substantial though from 100+ years of all kinds of chemicals in the soil.

[elsa7878] 16/9/2021 13:52

Yes. You're right 6.3 and 2.2. Not sure of the value though if they have to sell and lease back. I guess if they can revalue and perhaps it hasn't been done for a while they could partially mortgage them if the debt is cheaper. Or sell surplus land and / or buildings.

[twib] 16/9/2021 13:43

Look at the Group figures

[elsa7878] 16/9/2021 13:30

That's plant and equipment not land and freehold property...I think

[twib] 16/9/2021 13:22

Are you sure? I see book cost at £7m and the NBV at £2.2m.

[elsa7878] 16/9/2021 08:35

Hi, I know nothing about the company but saw the turnaround statement and then this.

The Company has commenced a review of the use of its substantial property assets with the objective of strengthening the balance sheet and improving operational and investment returns from Group resources.

Does anyone know the scale of their property assets. in the 2020 accounts it says property of approx £700,000, though the book cost was £1.7 million. I gues they have not had them revaled in a while so there must be hidden value.

Could be pretty material if the market cap is only £6 million.

Can anyone help?

[molatovkid] 16/9/2021 07:59

Looks like they are turning a corner and better times are ahead !

[garth] 16/9/2021 07:45

Current Trading

The Board is pleased to report the following trading update. The current financial year has started well with Group sales for the first quarter in line with management's expectations. Net debt at 31 August 2021, including asset leases of GBP1.9 million, was reduced to GBP3.0 million (unaudited) (30 September 2020: GBP4.6 million) and current cash headroom is comfortably in line with management expectations at GBP1.1 million. The Company has commenced a review of the use of its substantial property assets with the objective of strengthening the balance sheet and improving operational and investment returns from Group resources.

The Board expects sales for the remainder of the first half of the current financial year ending 30 November 2021, to be at least in line with management's expectations but now anticipate stronger levels of sales growth and profitability in the second half of the year resulting in an expected earnings per share for the current financial year ending 31 May 2022 of not less than 1p.

[linton5] 16/9/2021 07:12

No shocks as board expected board expecting slightly stronger results this term good to see slow grind back still far to cheap,ready on the buy button let’s see what game market plays today

[linton5] 09/9/2021 15:38

Good to know someone else has there feet in the water Garth yep definitely a lth , I also feel and hope this a wee hidden gem fingers crossed we are here before the flock arrive .

[garth] 09/9/2021 15:33

I am still here Linton. Its not a big holding for me but I do expect it to be a ltbh.
I hope that what the directors have indicated proves to be the case. If it does, this might be a bit of a gem.

G.

[cliffv69] 09/9/2021 13:42

https://twitter.com/chamberlinplc/status/1435930851284553728?s=21