Chamberlin Share Discussion Threads

[rivaldo] 15/2/2023 09:11

Cheers Garth, appreciated. The overhang appears to have cleared now - the maximum shares available to buy online now is only 100,000 shares at 3.79p.

[garth] 14/2/2023 08:47

Good summary Rivaldo.

Thanks for sharing.

G.

[rivaldo] 13/2/2023 11:33

I've been buying in to this £3.9m m/cap tiddler recently at around/just above the 3.5p bid price.

It seems to me that the revamped management team are doing the right things and finally getting this company back on track.

There's a long and thorough new Buy note out from Cenkos with a 5.3p price target.

A huge plus point for me is that CMH fixed their energy costs for 5 years back in March'20. This gives them a big advantage over the few sector competitors.

Additional points to note in brief:

- the UK onshoring trend has begun in earnest and will benefit CMH
- RDC heavy castings are achieving record revenues at £1m per month
- the new cookware and fitness brands could make a material difference
- CHC light castings has expanded capacity and will soon return to profit
- CHC has diversified into construction, power generation and radiator markets
- Petrel industrial lighting also looks in good health
- CMH are already benefiting from investments to supply the renewables market
- as global chip shortages ease then car manufacturing should steadily improve

There is of ocurse net debt, but this is now forecast to have stabilised.

With all the director buying at successively lower prices I'm betting these are the lows before the figures start to reflect the turnaround and further contracts are won.

There are still a few shares available at 3.5p and just above, but less than before as presumably flippers from the recent small 3.3p placing disappear.

[garth] 19/12/2022 08:20

Freddy,

Long time... I trust you are well. Should I take you are holding these?

Best wishes,

G.

[ydderf] 16/12/2022 14:02

Update just released

[garth] 08/11/2022 07:43

Thanks Cottoner. Good to hear. I had missed or forgotten that. As I age I cease to know which it is.

Best wishes,

G.

[cottoner] 08/11/2022 07:31

This helps:

From July 8th 2022 RNS:

This recovery is further supported by the Group's protection from any current or medium term energy price increases, having secured a 5 year fixed price contract for electricity in March 2020, placing the Group in an increasingly competitive position to win new orders.

[garth] 07/11/2022 08:32

Somewhat surprised to see no mention of energy costs in an energy intensive business. Or have I missed a paragraph?

Or is it because they are coal powered foundries? And is the price of coal is stable?

Apologies if those are stupid questions!

G.

[my retirement fund] 04/11/2022 15:14

Looks horrific

[albert arthur] 04/11/2022 12:40

Nice results.

[this_is_me] 29/9/2022 07:41

All going as expected.
I liked "secured a 5 year fixed price contract for electricity in March 2020," from 8th July update That is going to save huge amounts of money.

[jhanson] 27/9/2022 17:28

Could be a recovery play. Reiterated the Tip. Will we get confirmation of the results this week.

[x54v] 03/8/2022 11:25

Trevor Brown is very keen on the shares judging by his buying in recent months.

18 Mar 2022 - 1775000 @ 4.52
24 Mar 2022 - 700000 @ 4.88
1-7 Jun 2022 - 350000 @ 4.82
8 Jul 2022 - 1000000 @ 4.956 & 250000 @ 5.1

He has also recently taken 531915 shares at 4.7 in lieu of salary which is a clear sign of confidence.

All the above adds up to £218k worth of purchases.

Holding 29.49% of the company equity he is very much aligned with shareholders.

Follow the money.

[x54v] 29/7/2022 14:54

Tipped today

[w1lbur01] 08/7/2022 10:59

Trading update sounds promising I like the 5 year electricity on a fixed tariff

[garth] 06/6/2022 07:37

Trading View have results tomorrow. I assume as we have had no notification that is just provisional.

G.

[rogerc1985] 18/3/2022 15:26

Scammed brown

[w1lbur01] 18/3/2022 14:47

Follow Mr Brown when he buys but also when he sells just like BRH (Braveheart).

[diku] 09/2/2022 10:11

On ADVFN CMH is showing as negative equity...is that true?...

[rogerc1985] 02/2/2022 16:04

Excellent fall today very happy

[diku] 02/2/2022 14:21

Anybody thinking MBO eventually at depressed price...just give wider shareholders a token sum for a way out...

[garth] 02/2/2022 13:19

Its bad form when directors give themselves a 30% discount to an already highly supressed share price when printing new shares. Genuine leadership with integrity would have significantly narrowed that discount.

Just a view.

G.