Chamberlin Share Discussion Threads

[rivaldo] 14/11/2023 12:14

Encouraging commentary from Castings PLC in their interims today, which report a "high level of demand, both current and forecast".

Interesting that "As a result, in collaboration with our customers, we have outsourced some production to other foundries for the short-term".

It also looks like CMH are working with Castrads, a UK-based manufacturer of elegant, high end radiators:



"This journey has been made possible by Simon Evans, Professor John Campbell, Robert Heyworth, David Ball and all at Chamberlin & Hill Castings Ltd"



"Castrads is a family business, founded in 2006. We started out as a small team, assembling and painting radiators on a farm in rural Cheshire. Today we employ about 65 people in four countries.

Our manufacturing base and headquarters remains in Greater Manchester. We also have showrooms in London and New York, and an assembly and finishing plant in Poland that serves our EU customers."

[rivaldo] 19/10/2023 10:21

First Equity's last disclosure was in February with 9.195m shares and 7.3%, so they've added just over 4.8m shares since then to get to over 10%.

[rivaldo] 18/10/2023 15:49

Armstrong Investments/William Black/First Equity have been buying again - now above 10% (at 10.16%) with exactly 14m shares:

[rivaldo] 12/9/2023 15:07

All quiet at present prior to publication of the 31st May accounts, although of course we already know the numbers.

Interesting post from RDC's MD from June which hasn't been noted before - extracts include "Our order book is healthy" and "I am extremely confident about our new financial year (June being our first month):

[rivaldo] 01/8/2023 12:17

Cenkos haven't issued an updated research note since the €7.3m contract win.

Catching up with their most recent note (not posted here before) from 5th June, it's good to see they forecast £0.2m EBITDA and a £0.1m PAT for the year ended last May.

This is forecast to rise for the current year, "with all business units now profitable", to £1.3m EBITDA, £0.8m PAT, only £1.3m net debt and 0.5p EPS.

That will be a current year P/E of 6.

[rivaldo] 31/7/2023 10:55

Good to see the CEO being issued options exerciseable at 2.95p rather than the oft-used nil cost.

Hopefully this indicates CMH's belief that the share price is at or around lows from which it's a good time to issue incentives with upside a-coming:

[rivaldo] 27/7/2023 10:13

Agreed here and there.

More director buying - Trevor Brown has added another 85,000 shares at 2.99p. He now owns 35.42m shares, or 25.7% of CMH.....

[here and there] 03/7/2023 10:49

I've been long and wrong here for 2 years, think I will be long and right over the next two years.

[rivaldo] 03/7/2023 10:38

Lovely new coverage of CMH on the excellent AIM Prospector web site - the article is free to view after registration:



Conclusion:

"On 22nd June we got the announcement that appeared to confirm that the fightback
was on. A major contract win to supply turbo parts for a car manufacturer was announced at Chamberlin and Hill, worth a total of €7.3m over a period of eight years.

Like all manufacturers, Chamberlin benefits from economies of scale. As the
business runs closer to capacity, the profit delivered from each extra pound of sales increases. It is being reported that Chamberlin's broker is forecasting EPS of 0.6p for the year ending May 2024. A small loss before tax is forecast for the
year to May 2023.

Chamberlin's challenge hasn't changed. To turn a profit from its cyclical operations by executing properly and winning new business. Its products are highly relevant and some of Chamberlin's capabilities are difficult for competitors to replicate. Successful turnaround could lead to a price of 10p+."

[rivaldo] 26/6/2023 10:06

"Chamberlin wins major automotive OEM contract

A subsidiary of Chamberlin, a specialist castings and engineering group, has secured a major new contract worth approximately €7.3m of revenue over an eight-year term.

Under the contract, Chamberlin & Hill Castings (CHC) will supply complex turbo charger bearing housing castings to the European automotive OEM that will be utilised in its passenger car engines.

Secured after a rigorous competitive tender process, tooling production begins in July 2023 and supply of the pre-series sample production parts will take place throughout the current financial year. Serial production commences in July 2024 and is expected to contribute annual revenues of approximately €1.1m.

Kevin Price, chief executive of Chamberlin, said: "I am delighted to announce this major contract win for our Walsall foundry.

"This business win represents a significant step forward in re-building revenues at Chamberlin and Hill Castings and securing the long-term future order book. This contract strengthens our position as Europe's leading supplier of grey iron castings to the Automotive turbo charger market."

[rivaldo] 22/6/2023 16:52

Johnjames876's posting history is fairly unique shall we say :o))

[johnjames876] 22/6/2023 16:21

Trevor brown special here avoid

[rivaldo] 22/6/2023 14:52

Terrific contract win just announced - €7.3m over the next eight year is a nice proportion of future revenues won in one fell swoop. Especially for a £3.9m m/cap company!

The forecast for this year is already for 0.6p EPS and a P/E of 5.6 - this may lead to upgrades, though I suspect Cenkos will err on the side of caution for the moment.

There's some stock available to buy online at present, probably from the £300k placing, but hopefully this may not last long given this news:



"Major Contract Win

Chamberlin (AIM: CMH.L), the specialist castings and engineering group, announces that its castings subsidiary, Chamberlin & Hill Castings Ltd ("CHC"), has secured a major new contract worth approximately EUR7.3 million of revenue over an eight-year term with a leading European automotive industry components supplier. Under the contract, CHC will supply complex turbo charger bearing housing castings to the European automotive OEM that will be utilised in its passenger car engines.

Secured after a rigorous competitive tender process, tooling production begins in July 2023 and supply of the pre-series sample production parts will take place throughout the current financial year. Serial production commences in July 2024 and is expected to contribute annual revenues of approximately EUR1.1 million.

Kevin Price, Chief Executive of Chamberlin, commented,

"I am delighted to announce this major contract win for our Walsall foundry. This business win represents a significant step forward in re-building revenues at Chamberlin and Hill Castings and securing the long-term future order book. This contract strengthens our position as Europe's leading supplier of grey iron castings to the Automotive turbo charger market."

[charo] 21/6/2023 21:16

Markets are volatile,commercial vehicles and construction equipment.
Not saying bad but never constant.

[rivaldo] 08/6/2023 07:34

Today's RNS shows that Chelverton's holding has remained constant at 9m shares - their percentage holding is now 6.53% due to dilution from the placing.

Cheers Jaknife - hopefully CMH will steal decent business from the business which went under.

[pugugly] 26/5/2023 10:00

Even after the reduction in pension fund liability still a business in hock to pension fund liabilities and family silver no longer available as a cushion and replaced by lease liabilities.

[rivaldo] 26/5/2023 07:24

A small £360k placing announced this morning at 3p - unsurprising price given the markets, but explains the recent drift. And TB has yet again participated with another £30k, along with "existing institutional and other investors".

Interesting to hear that a competitor of RDC's has gone into administration, and that this has given rise to "potential new opportunities". Might this include taking on the assets of the competitor, or at the least winning its customers? I'm willing to bet that the competitor was partly screwed by energy prices - unlike CMH.

Plus there's good news on trading:

"For the year ended 31 May 2023 ("FY 2023"), the Group expects to report revenue of approximately GBP20.5 million, slightly ahead of market expectations and profit after tax of GBP0.1 million, in line with market expectations."

And:

"The Group has continued to deliver on its turnaround strategy with all business units now profitable.....The Board expects the Group to be cash generative in FY 2024 through a combination of revenue growth, profitable operating performance and organic reduction in net debt"

[rivaldo] 09/5/2023 10:48

Cenkos have issued an update this morning after the property sale.

They forecast £0.8m EBITDA for the year ending in 3 weeks' time and £1.3m EBITDA for the coming year. And a small £0.1m LBT, implying a £0.2m PBT in the H2 just ending, followed by £0.3m PBT to May'24.

This translates to 0.2p adjusted EPS and then 0.6p EPS, and a P/E of 6.7.

[rivaldo] 05/5/2023 08:15

Good to see another tick up this morning already.

And that CMH does apear to be picking up a little traction online:

[goforgold1] 05/5/2023 00:13

Be carful Myles the Twitter Ramper dojng his thing . Dint get bagged by him

[rivaldo] 04/5/2023 13:36

Apart from Trevor Brown being a director of both companies, what's one got to do with the other - please enlighten me!

[johnjames876] 04/5/2023 12:46

Brh is up 97% Cmh about to fly

[rivaldo] 04/5/2023 12:42

A sudden surge - presumably a delayed reaction to Tuesday's news.