Chamberlin Share Discussion Threads

[arthur_lame_stocks] 17/4/2024 10:45

What? So I bought some share 8 years ago and sold them years ago too. I can't even remember whether I made a profit or loss on them it was that long ago.

They're going bust soon.

[sunshine today] 17/4/2024 10:38

The risk was clearly paying 60P

Buying at 1.3P reduces that by a factor of over 40 times.

[sunshine today] 17/4/2024 10:36

Arthur_Lame_Stocks20 Jun '16 - 04:46 - 404 of 1017

Hi value hound

I changed my mind about these and also bought a few at around 60p. They are on a multiple of less than 3 times last year's operating profit and have renewed their debt facilities which should shift about £3m out of current liabilities leaving the balance sheet looking a lot better.

I also agree that the current valuation could look like a dream in a couple of years time and think these will be twice the current price.

Arthur

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Now we know the real reason why you’re not keen on this company.

60P !!!!

[arthur_lame_stocks] 17/4/2024 10:22

Hear no evil, see no evil and speak no evil?

[sunshine today] 17/4/2024 10:00

Yep, i understand them, and having read the recent results, trading updates, and sale of one section of the business i am assured the company is not about to go bust.

I also note two other investors , ( one a director ), have picked up huge amounts of the shares from willing sellers, and a placing.

Thats makes 3 of us who believe the company has a bright future.

[arthur_lame_stocks] 17/4/2024 09:49

umm, you don't understand them then ?.

[sunshine today] 17/4/2024 09:45

umm, not looked at the interim accounts then ?.




“The net interest cost of £0.4m (2023: £0.2m) largely reflects the full impact of successive increases in the Bank of England base rate.”

[sunshine today] 17/4/2024 09:38

Investing in shares comes with risk.

I dislike risk

I love buying potential 10 baggers.

£20M market cap requires growth and and profits

£800,000 of interest payments are disappearing.

The pension issue is all but sorted.

1/2 the company is working flat out.

Costs have been slashed.

All for £2M market cap that requires just £150,000 after tax profits to match the sectors average PE Ratio.

[kneecaps2] 17/4/2024 09:24

There is only 1 great company that produces large castings and they are GOODWIN!

[arthur_lame_stocks] 17/4/2024 09:23

Bit like Debenhams then?

[arthur_lame_stocks] 17/4/2024 09:11

Basically the shares are worthless and this is going bust soon.

[arthur_lame_stocks] 17/4/2024 08:57

So the cookware and stuff is doing badly and their response is to put prices up at a time of a cost of living crisis. It's really a desperation measure.

[sunshine today] 17/4/2024 08:47

Following a full strategic review, a program of cost reduction actions have been implemented across the Group including labour reductions, short time working (as required) and senior management restructuring. Alongside this, the Company has conducted a full review of product margins and implemented price increases accordingly to underpin the required profitability and cash generation. The Group is expected to benefit from these actions within 3 months and create a more robust level of profitability going forward.”


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Within 3 months is a very, very, rapid timeframe.

This is excellent news for shareholders, if one can buy into a business for C: £2M and within 3 months your investing company is back to robust profitability, its game on for a bright future.


£250,000 is due to the company by the month end from the sale of the discontinued business .

The new financial year starts on June 1st . Profit should be restored by 10th July at the latest , based on the above , however their is a chance the company delivers profit from the very first day of June after 7 weeks, not the full 13. kitchen sink job at year end comes to mind.

[kneecaps2] 17/4/2024 08:26

and the sellers keep selling because chamberpots record over the last 5 years or so is diabolical.

[sunshine today] 17/4/2024 07:28

From the interim results.


“The net interest cost of £0.4m (2023: £0.2m) largely reflects the full impact of successive increases in the Bank of England base rate.”



———;——̵2;——R12;——212;———————————;——̵2;——R12;——212;———————————;——̵2;——R12;——212;———————————;——̵2;——R12;——212;——————

That debt is now largely repaid and will have gone completely within 12 months. ( was costing £800,000 a year ).

The pension deficit is all but sorted

One of the two remaining parts of the group is going great guns

Sales prices of goods going out the door have been increased

Cost cutting has been actioned

The underperforming section of the company is looking forward to an uptick in production within the next 6 months.


All for a fraction over £2M market cap, hence the buyer, keeps buying.

[rivaldo] 16/4/2024 15:08

RNS - First Equity/Armstrong Investments are certainly determined to snap shares up asap.

They now own 19.51%, or 35m shares (they've bought 21m shares in the last 6 months from around 3p downwards):

[sunshine today] 16/4/2024 11:42

Those that purchased at £1.66P : 7 years ago clearly made an incorrect call at the time.

Those that came aboard in the recent placing must also be a a tad upset.

At today’s opening price of 1.12p mid i estimate 99% plus of shareholders will be underwater.

This is just the type of situation that attracts myself to a company, one needs to know absolutely nothing about CMH, other than todays Market cap of £2M, the actions the company has, - is, taking to produce profits, combined with determined buying of the stock.

[rivaldo] 10/4/2024 08:29

A poor Q3 update. Now we know why the FD and KBW packed their bags....and why Petrel was disposed of for £3m, which should have left CMH in a manageable position going forward to manage working capital etc. The savings from director exits and other measures mentioned today will also help.

Trading "started to improve during Q4 FY24 and customer schedules are recovering to a more normalised and stable level, with a strong uptick in demand forecast within the next 6-month period as new programs start to ramp up production".

It's interesting to see the repeated use of the word "profitability" in today's RNS. Let's hope this is realistic and not pie in the sky.

[rivaldo] 04/4/2024 11:17

First Equity/William Black continue to buy - they now have just over 17%, or 30,500,000 shares (they've added 500,000 since their last disclosure):

[rivaldo] 15/3/2024 10:17

Good to see just |£5k of buys causing a decent move up.

CMH are undervalued imo, but time will tell one way or the other.