Charter Intl Share Discussion Threads

[jotoha1] 12/11/2008 15:34

If the bulk of their sales is from welding etc, then this has a long way to fall. North America will take untill 3rd qtr next year to see any sign of a change in a slow down , and with 20% of stock on loan its going to get very nasty here!

[steeplejack] 12/11/2008 11:47

The price is now discounting a depression,horrid.Averaged at 4 quid and won't again 'til 250p,which i hope i don't see.Real flight to safety today....ie Vodaphone,Inmastat,Tesco ,BATS etc.

[nickcduk] 12/11/2008 10:04

I seem to have read that one wrong. Was going to short it but thought valuation wasn't too bad going forward so left it. Collapsed 20% since then. I guess people are focusing on how bad things got for CHTR a few years ago. Company has obviously been transformed since with net cash on the balance sheet but I imagine coming recession is going to be a lot worse than previous ones.

[nickcduk] 12/11/2008 08:08

It was only a matter of time before we got a profits warning from CHTR. Forecasts will be slashed for next year as the rest of the group suffers from weakness in end markets. Still its not too expensive around current levels.

[cockneyrebel] 09/11/2008 14:08

Yep, I already hold their main tip from this weeks issue.

CHTR - yes, in Updates and Ideas - becomes a tip when it's successful for them tho - sceptic might say :-)

CR

[blueliner] 09/11/2008 10:18

CR: SCSW more banging the drum about recent cluster director buying in CHTR
than an actual rec, if looking for their tip it is another co referred to in a very recent post here.

[bigbigdave] 09/11/2008 10:03

Could be just about the right time for SCSW tips to start having a positive effect imo

[cockneyrebel] 08/11/2008 19:21

Tipped as a buy in SCSW today

CR

[cockneyrebel] 06/11/2008 23:11

RNS Number : 6704H
Charter International PLC
06 November 2008


Charter International plc - Jersey Court approves Charter International plc reduction of capital
Recommended proposals to establish Charter International plc ('Charter International') as the holding company of Charter plc ('Charter') by means of a scheme of arrangement
Charter International announces that the Jersey Court approved the Charter International reduction of capital at a hearing today.
The Charter International reduction of capital has created additional distributable reserves of £646,579,255.33 that will be available to be distributed as dividends, at the discretion of the Directors, to Charter International ordinary
shareholders from time to time or for any other lawful purpose to which such reserve may be applied.
Capitalised terms used but not defined in this announcement have the meaning given to them in the Scheme Circular.
Contact:
Andrew Fenwick or Nina Coad, Brunswick [phone]
Nicholas Giles, Company Secretary 00 353 (1) 669 4654

Internet users will be able to view this announcement, together with other information about Charter International, on the company's website: www.charter.ie

RBS Hoare Govett Limited is acting exclusively for Charter and Charter International and for no-one else in connection with the Proposals and will not be responsible to anyone other than Charter and Charter International for providing the protections
afforded to clients of RBS Hoare Govett Limited or for providing advice in relation to the Proposals or any other matters referred to in this announcement.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION OR OFFER TO SELL OR EXCHANGE OR THE SOLICITATION OF AN INVITATION OR OFFER TO BUY OR EXCHANGE ANY SECURITY. NONE OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT SHALL BE SOLD, ISSUED, EXCHANGED OR
TRANSFERRED IN ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW.
The distribution of this announcement, in whole or in part, in, into or from any jurisdictions other than the United Kingdom may be restricted by the laws of those jurisdictions and therefore persons into whose possession this announcement comes
should inform themselves about, and observe, any such restrictions. Failure to comply with any such restrictions may constitute a violation of the securities laws of any such jurisdictions.
For the avoidance of doubt, this announcement is not an offer of securities in the United States. Charter International ordinary shares to be issued in connection with the offer will not be, and are not required to be, registered with the US
Securities and Exchange Commission under the US Securities Act of 1933, as amended, in reliance on the exemption from registration provided by Section 3(a)(10) thereof.


This information is provided by RNS
The company news service from the London Stock Exchange

[fivepounds] 26/10/2008 20:13

Read this from cnbc.com

Next week is expected to mark the beginning of the US economy's entry into a recession and the end of the Federal Reserve's conventional monetary policy to remedy the situation
On Wednesday, the Fed's FOMC is widely expected to cut the key federal funds rate another half point, to one percent, in what what many assume will be the end of its aggressive easing campaign.

Then on Thursday, GDP data for the third quarter is expected to show the US economy contracted for the first time in seven years, ending months of speculation that the economy had managed to skirt recession, despite a one-of-kind credit crunch.

Right now, despite an extraordinary confluence of events, the consensus thinking is that these two events have already been factored into the markets. But there's reason to second-guess that thinking, because the implications are unusually big.

"It's a lot on the plate," says Robert Brusca, chief economist at Fact & Opinion Economics, who warns the Fed doesn't want to cut rates "so low, you kind of spook people."

Brusca also says that the powerful negative reaction to weaker-than-expected British GDP data Friday "suggests these economies are weakening faster than people thought."

Investors who have been watching the market probably noticed the wild fluctuations we've seen recently in the final hour of trading. The Dow's been swinging hundreds of points in either direction in a matter of minutes. The action has had even the biggest minds on Wall Street scratching their heads and wondering, who's doing all the selling?

Hedge funds, Cramer said during Thursday's Mad Money.

The same hedge funds that made huge bets on minerals, oil service, agriculture and other names, borrowing heavily to do it, only to watch those stocks plummet when the market turned down. Soon enough clients started to demand their money back, forcing the hedge funds to sell, sell, sell.

Now everyday at about 2:45 PM these funds prepare for the following day's redemptions and margin calls, unloading huge positions to raise cash. To offset their losses, hedge funds are shorting the S&P 500. The problem, though, is that the S&P, partially composed of defensive stocks that work during a downturn, is actually going up. So the funds are seeing losses on both their regular stock holdings and their short positions. It seems the only way they can save any kind of face is by flooding the S&P with sell orders to drive the index down. The move makes hedge funds' performance look a bit better at the end of the day.

The rebound rallies that follow these sell-offs happen, Cramer said, because even a small number of buyers can move the market when the trading volume is so low.
The real culprits here, as far as Cramer sees it, are "funds of funds." These are the middlemen in the hedge fund world that invest client money into other hedge funds for a fee. Unlike regular hedge funds, funds of funds have no lock-up agreement, meaning clients can get their money back at any time, so this puts added strain on the hedge funds in which they invest. Any time a specific hedge fund starts to decline, these funds of funds cash out. This trend has been a big part of the forced selling we've seen lately.

As long as this selling continues, we won't find a market bottom, Cramer said. For that to happen, all the remaining sellers would have to unload their positions. The only people left in the market by then are those that never sell no matter what, let alone look at their 401(k)s, and "we're not even close to that point" yet, Cramer said.

[jotoha1] 24/10/2008 15:11

Once it breaks 190 then maybe it will retest 30p , looking forward to it!

[russianlinesman] 22/10/2008 20:16

lincoln electric results - very good to date, outlook uncertain.

Lincoln Electric Q3 profit increases, tops Street view - Update
10/22/2008 11:13 AM ET

(RTTNews) - Wednesday, arc welding products manufacturer Lincoln Electric Holdings Inc. (LECO: News ) reported an increase in third-quarter net income that topped analysts estimate, helped by sales growth across all segments and geographies. Going forward, the company said it expects margin pressure in the fourth quarter and into 2009.

Lincoln Electric posted third-quarter net income of $69.21 million, up 38.5% from $49.98 million in the same quarter last year. Earnings per share increased 39.1% to $1.60 from $1.15 in the year-earlier quarter. On average, nine analysts polled by First Call/Thomson Financial expected the company to earn $1.34 per share for the quarter.

Operating income advanced 32.8% to $89.78 million from $67.60 million in the previous-year quarter.

Net sales rose 12.1% to $632.89 million from $564.82 million in the year-ago quarter. Six Wall Street analysts had a consensus revenue estimate of $662.69 million for the quarter.

Geographically, total revenue from North America was $398.22 million, up from $370.79 million in the previous-year quarter. For Europe, total revenue increased to $149.01 million from $127.43 million in the same quarter last year. Total revenue from other countries was $123.55 million, compared to $98.24 million in the year-ago quarter.

For the quarter, U.S. export sales increased 23.5% to $62.5 million from $50.6 million in the last year. Sales at Lincoln subsidiaries outside North America increased 20.3% to $262.4 million, compared with $218.1 million in the year-ago quarter. Excluding acquisitions and the effect of changes in foreign currency exchange rates, sales outside North America increased 6.9% in the quarter.

For the nine-month period, net income was $192.81 million, up 25.8% from $153.22 million in the comparable period last year. Earnings per share rose 26.6% to $4.47 from $3.53 in the prior-year period. Net sales advanced 14.8% to $1.95 billion from $1.70 billion in the year-ago period.

Looking ahead, the company said it expects declining sales volumes and the impact of lower commodity costs to pressure margins in the fourth quarter and into 2009.

[bigbigdave] 22/10/2008 15:15

Bucking the trend today which is always nice.

[wib333] 21/10/2008 18:10

i am in spain no sky news esta reva today.did he seel? then wot plese

[wib333] 21/10/2008 18:10

i am in spain no sky news esta reva today.did he seel? then wot plese

[davidosh] 21/10/2008 16:46

Another director buying...



5000 at £4.1175

[bigbigdave] 21/10/2008 09:57

Thats better, in profit now from last weeks purchase 8-)

[cambium] 21/10/2008 08:08

his name is on the sky website link on CR's chatroom

[moob] 21/10/2008 08:07

did he disclose his identity?

[nickcduk] 21/10/2008 08:06

Nothing CR likes more than pumping and dumping. Surprised Sky didn't do a background check on his M.O.

[cambium] 21/10/2008 08:06

But thats the point you are not on telly!

[sportbilly1976] 21/10/2008 08:05

Cambium,

but then anyone can do that, given enough exposure on a mainstream channel.

I buy a stock, go on the telly and sing its parises and then as people pile into it I sell out.

Guaranteed winnings!!

[cambium] 21/10/2008 08:01

thats the name of the game