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CMH Chamberlin Plc

1.70
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chamberlin Plc LSE:CMH London Ordinary Share GB0001870228 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.70 263,228 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.60 1.80 1.70 1.70 1.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 20.72M -125k -0.0007 -24.29 3.05M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:23:09 O 35,000 1.65 GBX

Chamberlin (CMH) Latest News

Chamberlin (CMH) Discussions and Chat

Chamberlin Forums and Chat

Date Time Title Posts
15/3/202410:17Chamberlin, for recovery. Director buying997
07/1/201110:24Forging ahead!35
31/8/200421:46Why the price fall?7
27/2/200210:18Chambelain: anyone have the URL?1

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Chamberlin (CMH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 16:23:101.6535,000577.50O
2024-03-18 12:38:021.63132,9942,162.48O
2024-03-18 09:42:211.7214,790253.65O
2024-03-18 08:41:551.7279,9441,371.04O
2024-03-18 08:10:021.655008.25O

Chamberlin (CMH) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Chamberlin Daily Update
Chamberlin Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker CMH. The last closing price for Chamberlin was 1.70p.
Chamberlin currently has 179,353,677 shares in issue. The market capitalisation of Chamberlin is £3,049,013.
Chamberlin has a price to earnings ratio (PE ratio) of -24.29.
This morning CMH shares opened at 1.70p
Posted at 15/3/2024 10:17 by rivaldo
Good to see just |£5k of buys causing a decent move up.

CMH are extremely undervalued imo, but time will tell one way or the other.
Posted at 29/2/2024 07:23 by rivaldo
Intriguing stuff - Free Association Books Ltd (FAB) have turned up with a 3.68% holding in CMH, or 6.6m shares:



This was bought as part of the 2p placing on 9th January judging by the date of purchase.

Most interestingly:



FAB appear to be an investment vehicle for the Brown family. Trevor Brown used to be a director but isn't any more - whilst Edward and 3 other Brwons are still directors.

So in essence Trevor and his family have now bought into CMH to an even greater extent.

He's evidently pretty convinced that there's rather good value to be had here.
Posted at 22/2/2024 13:34 by jellypbean
Rivaldo,

I suspect it may be lease liabilities, that account for the difference. As of May '23 CMH had 2.7M lease liabities, of which the Petrel facility would likely have been a fair chunk. The RNS says CMH will now be subletting to Petrel, so presumably this allows them to remove this liability from the books?

The RNS explicitly states where the 3M is going, I think it's wishful thinking to assume there there has been more cash paid than is stated.
Posted at 22/2/2024 10:49 by jellypbean
Rivaldo. By my reading. It has not been sold for 3M plus 2.6M liabilities.

It has been sold for 3M, and this money has been used to pay down the liabities.

AFAICS The buyers have gotten 4.5M book value assets for 3M.

CMH has got well-needed cash.

I would be very happy to be corrected in this (with a clear evidence).
Posted at 22/2/2024 10:43 by rivaldo
Absolutely Tim, fair comment.

My perspective is that Petrel's been sold for a good sum, i.e £3m plus £2.6m of liabilites. In doing so CMH have effectively resolved the pension deficit, reduced expensive borrowings and provided working capital for the core business which is on the rise.

With competitors going out of business, onshoring gaining momentum, petrol/diesel engines looking like they're going to be around for a long time to come etc, CMH fulfil a need for local supply which is only growing and in a shrinking market of suppliers who are soundly funded.

From a £2.75m m/cap there's a lot of room for upside from a company which has been around for over a hundred years.
Posted at 09/1/2024 08:22 by z1co
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.
Posted at 09/1/2024 08:17 by this_is_me
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.
Posted at 09/1/2024 07:25 by rivaldo
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.
Posted at 03/1/2024 20:09 by z1co
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.
Posted at 02/1/2024 12:03 by z1co
That 50k buy ahead of the AGM tomorrow has also moved the share price UP slightly.
Chamberlin share price data is direct from the London Stock Exchange

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