Chamberlin Share Discussion Threads

[rivaldo] 09/1/2024 10:08

I too couldn't resist topping up around the placing price. Given the trading outlook disclosed further down the RNS which some may have missed it's hopefully a chance to get in at the very bottom (though of course this has been said before....!).

[jellypbean] 09/1/2024 09:42

Thisisme. Worth remembering that there is a 30% dilution here, so the new shares will actually be worth 25% less than the pre-diluted share.

Hence 2p is about right based on the value the market was ascribing to the sheres prior to the announcement.

Edit: ignore this. I've thought about it some more.

[this_is_me] 09/1/2024 09:24

There has already been huge volume so there must be both large buying and large selling.

[my retirement fund] 09/1/2024 09:11

I couldn't resist a punt. 2.029p via AJ Bell. Could take years to see any value here and very high risk.

[z1co] 09/1/2024 09:00

Interim results next month will be significantly better than last year and could be the catalyst to drive the shares back above 3p again.

[z1co] 09/1/2024 08:51

Currently it's 2.038p to buy and 2.001p to sell

[z1co] 09/1/2024 08:25

This_is_me

These trades at sub 2.10p are all BUYS

[z1co] 09/1/2024 08:22

Bought a few more at sub 2.10p.

Agreed about 2.50p would have good but that's markets for you.

Share price will recover in 2024 on strong and profitable trading.

[red army] 09/1/2024 08:17

Mind you it looks like Brown started buying shares when price was 7p so he has a long way to go.

[this_is_me] 09/1/2024 08:17

As expected share price trashed. 22.7% more shares 'given away' at 2p means that the board think that shares are only worth 2p and large chunks are being sold at this price.

If I had the means to do so I would fire the entire board. Apart from anything else they have shown that they lack negotiating skills.

[red army] 09/1/2024 08:13

I agree 2.5p would have been more palatable and practical.

[this_is_me] 09/1/2024 07:47

Private investors screwed again. 22.7% extra shares at give away prices of about a third less than we would have had to pay in the market, going to a director and others.

[rivaldo] 09/1/2024 07:25

Great to see the trading news in today's RNS, which indicates a PAT of £0.8m-£1m for this year to Nov'24, and revenues up by 15%-20%.

Which makes the price of the new £0.83m placing particularly hard to swallow. With Trevor Brown investing a further £70k and First Equity a further £220k, taking their holdings to over 41% of the company between them, there's obviously distinct optimism about the direction of the company. And makes this placing simply "shares for the boys/insiders".

It's always best to have spare cash in hand, and with all the contract wins and working capital requirements I don't blame CMH for topping up their reserves. But surely a 2.5p-2.7p price should have been achievable.

That's the markets for you.

[z1co] 03/1/2024 20:09

The fact that current order books for the three trading divisions are strong bodes well for H2 and are most likely to increase even further throughout 2024.

More importantly for the shareholders the strong trading environment will start to drive the share price substantially higher than the current price of 2.9p.

[rivaldo] 03/1/2024 15:02

Happy with that from the RNS just out:

"Kevin Price, Chief Executive Officer of Chamberlin, commented: "I am pleased to report that operational performance in the first half of the financial year has been broadly in line with the Board's expectations. The current order books across all three trading divisions are strong and will support performance in the second half of the financial year. Therefore, the Board believes the Group remains on track to meet market expectations for the year ending 31 May 2024."

So whilst H1 to 30/11 might be ever so slightly lagging, most importantly all divisions are trading well with "strong" order books, and CMH expect to meet expectations. No doubt boosted by RDC as previously reported.

Current expectations from Cavendish are for £24.0m revenues, £1.3m adjusted EBITDA and 0.6p EPS.

[z1co] 02/1/2024 18:54

here and there

Notice of Annual General Meeting will shortly be available for download from the Company's website at

[here and there] 02/1/2024 15:58

where ws the AGM date published, can't find it anywhere

ty

[z1co] 02/1/2024 13:34

HNY to you as well rivaldo

The last AGM was on 30/11/2022 and they gave a trading update , lets hope the company issues a trading update tomorrow and an outlook for H2 and 2024 will be a bonus.

[z1co] 02/1/2024 12:03

That 50k buy ahead of the AGM tomorrow has also moved the share price UP slightly.

[rivaldo] 28/12/2023 22:26

Good to see an 88k buy this afternoon and a subsequent tick up.

[z1co] 15/12/2023 23:40

Also in the Daily Mail's market report:

[rivaldo] 15/12/2023 12:21

Good to see coverage of today's news here:

[z1co] 15/12/2023 08:58

An excellent update from the company.

"supporting the anticipated increase in revenue growth and profit after tax in FY24 ".

[rivaldo] 15/12/2023 08:30

Indeed - as well as Volvo, Nissan and JCB, I hadn't realised Steel Dynamics are a $19.2 billion m/cap steel producing American behemoth!

And these are all new customers.

[here and there] 15/12/2023 08:06

Fabulous contract names. Those are serious names.