Chapelthorpe Share Discussion Threads

[this_is_me] 07/1/2004 19:15

A Hem. Analyst leak?

[zitaron] 07/1/2004 18:30

....but what i wonder is : if today's move came from Hem. Analyst--where did monday's move originate from????

[themurofsin] 07/1/2004 14:52

Thanks spider1, been an interesting day so far.

[themurofsin] 05/1/2004 16:42

Hello can anyone explain this move today, up 4.3%. Fingers has done some good work on this share, the thread is called A CHARTISTS PRICE GUIDE FOR NON-CHARTISTS (£1). The post is 118. Worth a read.

[david beckhame] 02/1/2004 10:12

Chapelthorpe has done well (more than doubled) since first zeroed in on in There aren't many shares where the dividend gets raised consistently to give a good yield. Victoria likes this one for her pension fund.

[tuftymatt] 22/12/2003 16:01

Well I fully expected to see CPL reach a new 2003 high in the last few trading days of the year but I did not expect to see a bid price of .1725!!

I must admit to missing the write up in the FT over the weekend but on this shares recent performance I will keep my eye out for other write ups in the near future.

The mail have covered this over the past couple of years on a few occasions so prehaps a mention in that could attract their readers into buying some more??

Keep holding everyone and should I not have reason to post again in the next few days a merry christmas and a happy new year to you all.

[ccraig69] 22/12/2003 14:34

added to that good divi if maintained

[soke] 22/12/2003 11:25

Try this one for an xmas gift

[washbrook] 22/12/2003 11:16

0.75, (17.5) at 10:10am
22.12.03 :an article in the FT (Sat) comments: Chapelthorpe makes fibres used in carpets for motor vehicles, wallpaper backing and the frames for umbrellas used in beer gardens.The company is leader in all three markets. H1 profits were down this month reflecting high polymer prices in Q1 due to the war in Iraq. However the shares have risen due to the steady reduction of debt from £44m three years ago to £25.5m. The H1 dividend was increased by 20 per at 16.75p, the H2 yield is expected to be above 5 per cent. The board's is predicting a better H2 owing tof lower polymer prices. It is not difficult to argue that the steady stream of cash will turn into a torrent on any upturn, the paper says.

[extrader] 22/12/2003 11:05

Positive write-up in Sat's FT probably explains small rise. Notes strong casflow and ability to pay down debt.

[terry91] 22/12/2003 08:34

just noticed this but strange goings on 3 bid 1 offer now and MM buy. Where is it going?

[kingdwg] 22/12/2003 08:32

Weekend tip somewhere?

[balcony] 22/12/2003 08:10

something going on here in my opinion.

[tuftymatt] 19/12/2003 12:46

This is going just the way I thought it would (ref post 1599)

3 buys so far today = 95000 on the back of a number of people cashing in for Christmas and the price moves up to a new year high.

Keep holding everyone 2004 looks good for CPL.....IMHO

[gengulphus] 18/12/2003 18:44

About the 50, main reasons I know of for buying such a small number are:

* Get on the share register so that you get sent reports, can attend company meetings, etc. Could do this buying just 1 share, but then you may need to do the whole thing again if the company do a share consolidation and squeeze you off the shareholder register - buying 50 gives you a reasonable amount of safety in this respect and doesn't cost much more.

* Dealing with a mistake you made earlier - for example, if someone carelessly sold 50 more shares than they actually owned.

* Pure error with the order itself: for instance, someone calculated the number of shares they wanted to buy treating the price as being in pounds rather than pence, and didn't notice that the total was wrong until it was too late. Sounds silly, but everyone makes a mistake occasionally...

Gengulphus

[kingdwg] 18/12/2003 16:15

Someone just bought 50, don't make much sense, commission must be more than the deal. The 120k looks good though, someone seems to be accumulating. edit: WOW and another 150000 protected just gone through.

[tuftymatt] 17/12/2003 18:52

Kingdwg ,

I didnt have anything else to spend my christmas bonus on so I thought I would pick up a few more CPL shares.....LOL

Lets hope the owner ends up having got an end of year bargin.

[kingdwg] 17/12/2003 15:46

Bit of action today then, someone's just spent over 34k.

[tuftymatt] 11/12/2003 12:09

Shares mag gave CPL a mention today but wrote it in the results section and not in the "Plays update" as I was expecting.

It covered the main points of the results and rated the stock , like we all do , as a "HOLD"

[tuftymatt] 08/12/2003 11:55

Hello Everyone,

Nice to see we are back around the position we were pre results.

I think we will see a small fall ".25 or .5p" on Wednesday to take into account the divi but after that I think the price will quickly come back to where it is now and then rise a little to end the year with a new 2003 high.

P.S. Should see CPL get a mention in SHARES mag this week seeing as it has been one of their "plays of the week" this year.

[kingdwg] 05/12/2003 16:58

Not a bad end to the week then. The 100k T of course belongs in the buy column.

[washbrook] 05/12/2003 09:09

Chapelthorpe is a curious rag-bag of a business, with interests in fibres for car upholstery, wall-coverings and umbrella frames. The only thing linking these disaparate operations is that Chapelthorpe has dominant positions in each niche but in theory it should also benefit from its diverse income streams when one or another suffers a downturn.

In the half year under review this spread of interests didn't help Chapelthorpe because both the fibres and coatings businesses, which comprise the lion's share of turnover, saw profits slide. In both cases the problems were mainly in North America - car sales shrank by 4% and the wallcoverings industry remains depressed.

The biggest factor in the decline was the Iraq-war inspired hike in oil-based raw material prices. The problem was compounded by customers holding fire on orders as they tried to second guess the inevitable slide in polymer prices.

Chapelthorpe is locked into a number of fixed price contracts in the US so the hike in raw material prices hurt and, in the circumstances, a fall in operating profits from £4.1m to £3.1m was pretty commendable.

Most of that fall came in the fibres arm - profits down from £2m to £1.3m - but things have picked up in the second half and Chapelthorpe is having some interesting discussions with Chrysler and GM which could result in some good business in the future.

In specialist coatings, sales were similar to last year at £14.4m and profits slipped £0.3m to £1.1m. Conditions are tough in Europe, although the rate of decline in wallcoverings sales appears to be slowing. North America is still depressed.

The smaller umbrellas division suffered from a slide in demand as inventories were emptied. The silver lining was a rise in the euro, which matters because 80% of sales are exported.

As important for investors, who have been calling on the company to reduce its financial risk for years, borrowings were reduced further during the period from £28.2m to £25.5m. They should fall further to £23m by the year end, around half the £48m at which borrowings peaked three years ago, and the target of £20m by the end of 2005 looks realistic.

That means that the dividend, up a generous 20% today to 0.3p, looks secure. And that is good news for income seekers, because assuming the forecast 0.9p dividend is paid at the full year, the yield is an attractive 5.8%.

The company said today it is comfortable with house broker Brewin Dolphin's forecasts of £5.9m to next March and £6.9m next year. Those imply earnings per share of 1.9p and 2.25p for a prospective price-earnings ratio of 8, falling to 7.

Double-digit growth in earnings, an undemanding PER and a reasonably well-covered and generous yield, makes the shares attractive despite the unexciting trading backdrop. Good value.

[washbrook] 05/12/2003 08:39

I have been out of this stock for a while it is time to buy again before it gets rerated.