Chloride Share Discussion Threads

[bones30] 05/2/2009 15:50

CHLDren! CHLDren!

[mrminister] 05/2/2009 15:41

i don't like this pilot today......

[bones30] 05/2/2009 15:36

Yeah wild, -10%!!

[tilmanstone] 05/2/2009 15:34

buy the rumour... sell the fact....
Its become a very volatile stock recently given that I was told it was "boring".... (!) a 10% drop seems a little overdone perhaps?

[mrminister] 05/2/2009 13:34

some profit taking then today after yesterdays surge......normal service please friday......

[bones30] 05/2/2009 13:24

I'm fully expecting a holding RNS today...

[protean] 05/2/2009 08:08

Chloride Group

Our view: Buy

Share price: 154.25p (+20.75p)

Tim Cobbold, chief executive of the critical power supply group Chloride, says that not a single major investor has complained bitterly to him since the company turned down a 270p-a-share offer last May.

The reason, perhaps, is that the company continues to do rather well, despite the recession. Mr Cobbold says he will not be drawn into the predicting-the-future game after the group said in its interim management statement yesterday that everything was fine: third-quarter trading was in line with expectations, the balance sheet is strong, and the company "throws off" cash, he says.

Investors who want a safe punt, or as safe as you can be in these markets, would be well advised to buy. Mr Cobbold also argues that Chloride's performance justifies its sector premium. So do watchers at Investec, who reckon that "on our forecasts, Chloride continues to trade at a 2009 price earnings ratio premium to its electronics and electricals peers [and] deservedly so, in our view."

Frankly, there are few compelling reasons not to buy. The group is proving adept at doing well in these uncertain times, and the stock, which is down 25 per cent in the last 12 months, is outperforming the market. Investors could also benefit from any return from Emerson, which would act as an insurance policy against the stock price staying low, even if the company does not like the idea. Buy.

[bones30] 04/2/2009 23:02

Small mention here:



Revived gossip that Emerson Electric could be sniffing around again and a positive third-quarter trading statement lifted Chloride 20¾p to 154¼p. Chloride's board six months ago rejected an indicative 270p a share offer from EE, one of the largest conglomerates in the US. Shareholders have been regretting it ever since.

.....

Is it me or do the FT alphaville chaps provide the DM with their news?

[jugears] 04/2/2009 19:05

Hopefully a bid will come soon,surely Emmerson would not want the share price to get much higher before making a Bid.

[bones30] 04/2/2009 16:36

Nice close.

[bones30] 04/2/2009 16:32

I agree tokolosh - that seems to be the pattern, not just today.

[tokolosh] 04/2/2009 16:12

Reaction to trading statement was relatively muted this morning. Started rising sharply roughly when the US woke up - my guess would be US punters buying on Emerson rumours??

[bones30] 04/2/2009 15:54

We'll see, either way happy to see this moving up.

[mrminister] 04/2/2009 15:51

must be protean.......a good trading statement would not make this rise like this.......

[protean] 04/2/2009 15:49

A storming move. I wonder whether a bid is in the offing in the next few days.

[tokolosh] 04/2/2009 14:58

Emerson takeover mentioned again in Ft Alphaville (live now)

NH
(on a different note market watchers - very strong bid rumours around in Cholride this afternoon - shares up 14% at 152p)
NH
(name in the frame again is Emerson FYI)

[mrminister] 04/2/2009 14:57

lovely share this.......

[tilmanstone] 04/2/2009 14:56

Even better reaction now... :))

[protean] 04/2/2009 10:20

Nice reaction so far to the statement too. So decent growth with a very good chance of a bid thrown in too should keep the share price moving up.

[mrminister] 04/2/2009 07:59

nice statement then......growth, growth & growth.....saying to Emerson now come and get me.......

[phillis] 04/2/2009 07:48

"order intake remains ahead of sales"

Steady as she goes!

[sleveen] 03/2/2009 12:38

Thanks Protean.....no arguing with the conclusions there

[protean] 03/2/2009 11:34

Interesting article here too from a couple of months back in Growth Company Investor:

"Originally backed by Growth Company Investor at 101.75p in 2006, Chloride, whose board rejected a cash offer pitched at 270p from Emerson Electric in the summer, looks significantly undervalued."

[protean] 03/2/2009 09:10

Sparks began to fly as shares of Chloride raced 22¾p ahead to 146¾p on rumours of a bid approach.

Founded more than 100 years ago as a battery maker, the group which is the largest supplier of secure power systems to hospitals and other public buildings.

It has in the past attracted interest from across the Pond and looks vulnerable at current levels.

Indeed, only six months or so ago it's board rejected an indicative 270p a share cash offer from Emerson Electric, one of the largest conglomerate companies in the US.

Shareholders must wish it had been taken out as its shares have been dragged sharply lower with the rest of the market and was sold down to a low of 111¾p.

Yesterday's buying was stimulated by talk that Emerson is sniffing around the London-based group again.

Dealers reckon it would still love to get its hands on the well-managed, cash-generative, lowly-geared, market leading business whose blue chip clients include Microsoft, IBM and Vodafone.

A bid just north of £2 a share would now surely do the trick.