Chloride Share Discussion Threads

[devonlad] 21/7/2009 14:26

Very good results given the economic climate, strong balance sheet, stable company, good investment!

[phatprofit] 21/7/2009 13:14

RNS Number : 0114W
Chloride Group PLC
21 July 2009

?
21 July 2009
CHLORIDE GROUP PLC


INTERIM MANAGEMENT STATEMENT


AGM STATEMENT


In advance of today's AGM, Chloride Group PLC ("Chloride" or the "Company")
issues its Interim Management Statement covering the period 1 April to 20 July
2009.


Trading for the period has been satisfactory.


Total sales, which continue to benefit from a favourable exchange rate on
translation, were marginally lower than the prior year as continuing growth in
service sales only partially offset weakness in the product business.


Product orders, though a little lower than last year, benefitted from exchange
and from continued strong order performance in the Company's Industrial Systems
business offsetting softness in the standard products order intake.


The order book, which increased by 2% to GBP140.0m as at 30 June 2009, provides
a platform for the remainder of the year and indicates that trading will be more
strongly weighted towards the second half than in recent years. The Company
continues to have a strong balance sheet and substantial available committed
facilities.


As previously indicated and reflecting our careful management of the cost base a
number of initiatives are being implemented, which will give rise to a
restructuring charge in the region of GBP6.0m. These measures are expected to
generate savings of c. GBP1.5m in the current financial year and c. GBP2.5m in a
full year, and should provide an underpin to performance in an uncertain and
challenging environment.


We continue to progress our strategy to build a more balanced international
business through investments in higher growth potential markets. Since 1 April
2009 we have acquired:


* a further 41% of DB Power Electronics in India for c. GBP12.5m, taking
Chloride's shareholding to 90%;
* 10% of Newtech Technology Holdings in Hong Kong and China (a critical
environment infrastructure solutions provider) for c. GBP1.3m; and
* Custom Power (a US Industrial Systems solutions provider) for c. GBP2.9m initial
consideration, with up to a further GBP2.1m in two years time if certain
conditions are met.



These investments, which reflect our confidence in the longer term outlook for
the business, provide improved access to important markets.


Secure power remains an essential requirement for business continuity across the
globe, underpinning our confidence in the long-term growth characteristics of
our markets. Nevertheless, we remain cautious about the short-term outlook given
the uncertain and challenging economic environment.


Commenting, Chief Executive Tim Cobbold said: "Chloride has a robust
cash-generative business model. Actions to manage the cost base and to maintain
the strategic development of the Group will help underpin performance going
forward."
Forward-looking statements
This Interim Management Statement contains
certain forward-looking statements with respect to the financial condition,
results, operations and businesses of Chloride Group PLC. These statements and
forecasts involve risk and uncertainty because they relate to events and depend
upon circumstances that will occur in the future. There are a number of factors
that could cause actual results or developments to differ materially from those
expressed or implied by these forward-looking statements and forecasts. Nothing
in this Interim Management Statement should be construed as a profit forecast.

[nellie1973] 21/7/2009 12:01

Ok results I suppose!!! Looking better for later in the year.

[nellie1973] 15/7/2009 11:08

Newcomer here, looks a solid proven company with good profits and cash behind them, I'm in with a small stake!!!

[paragon157] 13/7/2009 09:19

Yes I thought anything under 130p would be good if you could get it ? "imo" .. This is a Very Solid Proven Company !

[hyden] 13/7/2009 09:09

Starting to look good value again imho. I'm back in with a small stake. Expect the share to trade between 130 - 170 over the short term. 155 likely to provide upside resistance though.

[paragon157] 13/7/2009 08:45

Sorry should have said Support areas

[paragon157] 13/7/2009 08:44

Hmm .. So where is the bottom .. 128p .. 119p or 111p ? Off memory they were recent lows over last 12mths ?

[mr.oz] 10/7/2009 16:14

it was hit ....so well see

[tilmanstone] 10/7/2009 11:37

Chart not looking very nice on this at the moment... I'm getting hammered. Be interesting to see if Naked traders stop at 135 is triggered...

[tilmanstone] 09/7/2009 22:00

Good Luck: I'm in at similar bet levels but I'm sitting on a sunstantial loss at the moment. Lets hope we get some momentum upwards soon...

[bally101] 08/7/2009 23:13

Nice article, I dived in today on a spreadbet at £30 per point so here is hoping for somne positive news soon to lift the share price. I noticed Robbie Burns had a target of £2.20 for this one so plenty of room for movement based on his expectations.
Typically it slipped back today the day I put my money on it, but looks a really strong share and just hope the bid rumours are true !

[investinggarden] 08/7/2009 10:18

Buy/ Hold recommendation from Growth Company Investor

[jugears] 08/7/2009 08:40

Some people are so Impatiant!!

[mrminister] 08/7/2009 08:30

pleased i got out in the 150,s last week.....been a lemon really this

[tilmanstone] 03/7/2009 21:59

I notice that Robbie Burns (naked trader) bought on Wednesday. Probably explains movement up this week. I spose we're thankful for all the help we can get... now where's that Emerson offer got to... :)

good luck all

[jaws6] 01/7/2009 17:47

bought some today will add more in weakness.

[tilmanstone] 30/6/2009 22:43

You're right, but still a bargain compared to when they last made a bid. Typical CHLD day today.. flattered to decieve. I really wanted a finish above the 40 day MA today, but just fell short. Tomorrow will be v. interesting....

[mr.oz] 30/6/2009 17:30

they will be kickin themselves re Cable

[dolores123] 30/6/2009 16:15

According to Citywire the Daily Telegraph referred to " Emerson Electric bid hopes lift Chloride"

[peaeff] 30/6/2009 08:33

Excellent movement again here today. It's hard not to believe there is some hidden reason for it, apart from the fact that it has been, IMO, under priced for some time.

Regards

[mrminister] 29/6/2009 15:30

i guess the bid rumors will do the rounds again after what is a large rise in chloride's recent history

[tilmanstone] 29/6/2009 14:31

Certainly looking perky today... Lets hope we are now moving in the right direction. Good luck all

[mrminister] 25/6/2009 10:16

has my rant last friday done something here .....i feel things may be stirring a touch ....or is it just wishful thinking ?

edit..... well it was wishful thinking, another week gone by, another dismal share performance