Chapelthorpe Share Discussion Threads

[eithin] 27/10/2007 14:39

Date/Time Headline Source
26-10-07 Chapelthorpe says shareholder Peter Gyllenhammar lifts stake in co to 13.2 pct AFX UK Focus
LONDON (Thomson Financial) - Chapelthorpe PLC said shareholder Peter Gyllenhammar, through his wholly owned companies Forvaltnings AB Bronsstadet and Union Discount Company of London Ltd, lifted his stake in the company to 13.2 pct or 2.69 mln shares.

Gyllenhammar has been gradually increasing his stake in the industrial products manufacturer over the last year.

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[masurenguy] 06/10/2007 13:25

One can only wait and see. The share consolidation was at 40p just 5 weeks ago and therefore this has already drifted down from that very depressed level.

[cg1953] 06/10/2007 07:03

directors buy in september @34.7 pence. thats better news !!!
pg buys, probably below 30 pence, and lifts his stake.
bad news ? !!! the undertaker? the grim reaper?
or will cpl make a lazarus like recovery ?

[masurenguy] 03/9/2007 08:35

NB: There was a 10 to 1 share consolidation on Friday 31st !

[p@] 13/8/2007 10:58

Well looks like some-one just bought 10 grands worth!

[arthur_lame_stocks] 20/7/2007 18:23

The fool tipped this pup too recently. Personally I think you should steer well clear for the time being but I could be wrong.

[p@] 20/7/2007 10:27

Buy recommendation in the I.C. today

[meadow50] 16/7/2007 16:08

this is a company that can lose 8p in a year so 7.5p nav may not be enough.They have probably lost some more since end of march.Their refinancing won't have been cheap regarding ongoing costs.Very risky imo.

[orchestralis] 16/7/2007 15:51

Hi zhangzl

I've been watching CPL for a couple of months now, having invested in them a couple of years back and got out for a small profit that time.

Bought a small position a couple of weeks ago prior to results at 3.75p. I agree, not a lot of down side and 3.5p seems to be the current resistance level. Could be a long termer and if they reinstate the 1p div in years to come, that will be a good return.

[zhangzl] 16/7/2007 14:53

Hi Orchestralis

I thought the net book value is just the net asset value in the balance sheet, which at the year end is 14.88 million, comparing to a market capitalization of 7.1 million, representing a discount of 53%.

The umbrella business has been sold out. The rest of the group has never made any significant loss even with "extremely difficult" market conditions. The share price will return to at least the net asset value (7.5p per share) in the mid-term, and in the long term, after the market condition is back to normal, and profit back to 2004 level, a P/E of 10 would drive a more than 10 times increase in share price. On the other hand, I can't see the share price drop much lower at the current level. Definitely a bargain for value investors.

[orchestralis] 13/7/2007 14:14

Hi zhangzl

How did you calculate the net book value?

[zhangzl] 12/7/2007 12:21

With the loss-making umbrella division sold out, and the remaining business "better placed to generate satisfactory returns", CPL looks cheap to be valued at only 56% of its net book value after all the intangible assets being written off.

[siwel100] 12/7/2007 10:40

Well we got the kitchen sink and unremmiting negative commentary to justify the huge options......now we will see if they earn them.

[masurenguy] 12/7/2007 07:28

Results fairly dire, as expected, with goodwill write offs, bad debts, restructuring and refinance charges thrown in by the new Chairman & CEO.

Sales in Fibres (the main business) slightly down on last year (slight trading loss). Market remains 'challenging' with raw material costs up and overcapacity inhibiting corresponding price increases. Sales down and marginal profit of £220k made by Specialist Coatings. Umbrella division sold and proceeds used to reduce debt by £2.5m. Looking to move from the main market to AIM.

This continues to be a business facing enormous challenges. Still not an attractive recovery play as far as I'm concerned. Will continue to watch and see if the new board can turn this around but won't be holding my breath !

[cyclingnut] 07/7/2007 23:43

Umbrella biz is gone and then we have the wettest June since records began!!!

[eithin] 06/7/2007 19:04

Results 12/07, next thursday. Maybe worth a punt at 4.5p now the umbrella business gone....

[orchestralis] 06/7/2007 10:59

Results out on the 21/07. Does anybody have any views on the outlook?

[maxlenton] 21/6/2007 15:16

Someone must have tipped it!

[masurenguy] 21/6/2007 14:30

Up nearly 20% today with several buys over 50,000 between 3.9p and 4.7p. Disposal of the Umbrella business seems to have attracted some positive attention at long last.

Also noticed that it has been flagged up by somebody named Kevin Godbold, who writes for TMF, in one of the emails they circulate on a regular basis, as a good recovery prospect.

[maxlenton] 17/6/2007 22:11

This is great even if it only confirms that the reason for the delay in year end results was to accomodate this sale and open a new chapter in CPL and not because they were going to annouce it was going bust.

"Synopsis
When it comes to home decorating, wallpaper is making a comeback. The trend for plain, white walls is giving way to a new style of decorating, which allows you to transform your walls with the most amazing colours and patterns. Many wallpaper companies are reintroducing their archive ranges as original wallpaper designs become fashionable again. However, there is also a huge range of wonderful contemporary papers available in bold patterns and striking designs."







They can't all be wrong about wallpaper coming back into fashion

Take a further look at the specialist coating division its got a promising future IMO I'm more concerned about the Fibres division!




DYOR