Charter Intl Share Discussion Threads

[bruce meinhoff] 29/1/2007 11:28

Thanks for your input gents. I notice that the stock is trading at about the 200 day m.a. which it hasn't visited since 2002/3. I would hope that there would be suport here. Also the fact that there is speculation about Bodycote getting taken out would have a positive knock on effect here. I've closed half my long at 814p and will keep the other half running for now.

[steeplejack] 29/1/2007 10:55

Because it's being traded by proprietary traders/hedge funds with tech traders slavishly following the ensuing signals.In an insipid overall market and with the help of a poorly written trading update,the stock looks like it could slump to near 7 quid........strange but true.

[ok,yah] 29/1/2007 10:51

Having tripled in a year profit taking after strong run - trading statement offered no new encouragement to buy - stock is still in uptrend so not really gettting 'pummeled' may drop to strong support around £7 and still have nothing to concern the patient investor

[bruce meinhoff] 29/1/2007 10:46

Can anyone give me a reasoned view why this stock is getting pummeled?

[rivaldo] 24/1/2007 15:00

Yes, very reassuring - my dip in here wasn't well timed, but is looking better now. Can't see what the problem was and can see 920--930p or so a-coming.

[rik shaw] 24/1/2007 14:34

Bouncing back strongly at present.

[stevemarkus] 23/1/2007 14:18

Just what I thought too, rochdae. I have taken two chunks at 809p and 813p, for my ISA and SIPP respectively. I hope to see these rise towards the results, if not afterwards. They also look to resume paying a dividend next year, from the forecasts I've seen. Nice low valuation, plenty of growth, all looks good.

[rochdae] 23/1/2007 13:53

Well, I've been adding on this weakness. Strange reaction to a statement that trading has been ahead of expectations.

[stevemarkus] 23/1/2007 13:34

Me too, and this is starting to look like a good entry point.

[gswredland] 20/1/2007 15:13

Looking to re enter myself. Suprised it is still drifting

[napoleon 14th] 20/1/2007 00:02

Boring last few days, but now RSI = 34, so not the right time to bail out if you still believe in the company IMHO.

[jitters3] 19/1/2007 15:34

Looking for a good entry price not far away now

[cambium] 19/1/2007 15:20

The revival at engineering company Charter continues. Its bosses confirmed this week that profits for 2006 will be above the expectations they had in the middle of the year. This means that strong markets at Esab, which makes welding products such as rods and strips, and Howden, which makes air-handling and gas-handling equipment, have continued into the second half. Management also says that Howden has paid £12.5m for the 51 per cent in Howden Compressors, a US sales operation, that it did not own.

[rivaldo] 18/1/2007 15:27

Agreed C, seems surprising to me too. Incidentally, this is from the Investors' Chronicle web site today (main article for subscribers only) - does this mean CHTR get featured tomorrow?



"17 January 2007

Charter shows mettle
TIP UPDATE (CHTR): Shares in the industrial engineering specialist are up 14 per cent on our tip but continue to offer good value."

[cambium] 18/1/2007 11:50

abs flippin ridiculous, as I say bet we see a dircector buy soon.

[steeplejack] 18/1/2007 11:49

800p here we come.£150m off the Company value cos they can't compose an RNS which is clear and simple.

[scottishfield] 15/1/2007 11:40

Swings and roundabouts again this morning.

[steeplejack] 12/1/2007 15:59

This company should pay a dividend and expand the shareholder base.It'd partially mitigate against these bearish influences.Balanced fund appeal etc

[rochdae] 12/1/2007 14:37

I think the reason for the trading update was the aquisition. Management probably thought they´d tag on the bit about meeting their expectations of strong trading - which is what it is.

Personally, rather pleased we´ve been told there won´t be any bad news in the results.

Nice buying opportunity, too.

[cambium] 12/1/2007 14:24

Bridgewell still at 1050p

[cambium] 12/1/2007 14:20

They have down graded from 1010 to 975p

[martincc] 12/1/2007 14:18

Midday features,

Meanwhile, Charter's trading update this morning failed to inspire, sending
the shares to the top of the losers board, down 56-1/2 pence at 852 after the
international engineering company said its trading since September has been in
line with its expectations.
In response, Panmure Gordon cut its rating to 'hold' with a 1,010 price
target.

'failed to inspire' about sums it up.
Still, PGs reduced target is still well ahead of the current price.

[rochdae] 12/1/2007 13:58

Market seems to be coming to its senses. We´ve just been told that their expectation of trading ahead back in September can now be confirmed as a certainty.

Strong trading now doubt continues or we would have been informed otherwise.

Nice aquisition, too.

With all that cash and no debt I wouldn´t be surprised to see a divi come March.