*Unencumbered |
8.5m PBT. Uncumbered balance sheet. Differentiated products and service. Compared to the absolute trash on AIM, this feels like a great opportunity here. |
Looks like steelite are hiring sales people. Steelite seem a more formidable competitor of late. |
Went to a very nice restaurant in south of France over the summer. Top notch 6 course tasting menu, beautiful location, the sort of meal that would cost over £100 per head here. Couldn't help admiring one of the plates. So turned it over (when I'd finished!) expecting to see the stamp of a local artisan potter. I do pottery myself so consider myself a good judge. What a surprise. Churchill China!So I've bought some shares this week on current weakness. |
Also stuffed by budget and possibly by China love in - Wrong way - Chines competitors might be given an easier ride into UK markets and also exports to the USA likely to be thumped by Trump. Potentially further share price weakness. |
Seeing so many profit warnings lately I was hit by solid state and clm for a double whammy I bailed on these thankfully last week,market is dismal can only hope for a Santa rally to recoup some losses unless putin pushes the red button of course!! |
Dismal prospects in the short to medium term. |
Increased energy costs, increased competition, market slow down with many smaller players squeezed, tax rises, wage rises. Ah to be a manufacturer in the UK |
Can't say I'm bullish on this stock in the short term. Hospitality has taken bruising after bruising. More pain inflicted via the budget. Pandemic and now a labour tax and spend budget. I feel for the small mid sized players in the hospitality sector. |
This doesn't bode well. https://www.stokesentinel.co.uk/news/stoke-on-trent-news/steelite-bringing-four-day-working-9660815#ICID=Android_StokeSentinelNewApp_AppShare |
Wrong chat |
Just gonna leave this here...https://www.boots.com/ |
Update on 5 September. Revenues down. Profit maintained through operating efficiencies. Big reliance on a strong finish for the year in order to meet expectations. Nationals holding up but independents are showing sustained weakness. Management have committed to progressive dividend underlying confidence in CHH long term prospects. Decent order book. My view is combined affects. V difficult market conditions atm with small players finding it hard to secure financing and pausing some spending. The national accounts are solid and they've built stock and reputation to support. Without a breakdown, difficult to see percentage of recurring revenues. My working assumption is it's a healthy amount which, together with the strong balance sheet, puts a natural floor on share price. |
"Disappointing update but some positives, particularly on the operations side."
Have there been an update which I've missed to explain the sharp share price fall? |
Spread always as wide as it is currently guys? |
Steelite stealing some of CHH business perhaps. Disappointing update but some positives, particularly on the operations side. Let's see how tide and smoke perform. Not surprised the nationals have outperformed vs. independents. Hospitality has been challenging for the smaller players. |
0.8% per month, not bad over 12 mths brov? |
There are a few good small cap writers out there; thinking of SweetStocks, Maynard Paton, and several others. This afternoon there was a thoughtful write-up from Richard Beddard on CHH Interactive Investor.
Eric |
It seems unlikely given the large family holdings. Who does he think would take it over? |
Scotty thinks it could be a takeover target |
Short AGM statement confirming FY expectations unchanged. This goes back to the point AimProspector is making in my view, which is this marks the bottom of the demand curve, then the stock is still cheap for its quality versus where it has traded historically
Probably not much of a catalyst in of itself, but think fair value today is >1,300p on the back of what we know. Significant latest cash value in the net cash balance and inventory stock
Eric |
Good piece:
"If one can take the view that conditions in the hospitality market have bottomed, the shares represent an opportunity to buy one of AIM's most successful companies, with a relevant and enduring product and a net cash position — all for just 14.4 times 2024 earnings"
Eric |
Photos from Rishi Sunak's Churchill China visit as he bids to maintain Red Wallhttps://www.stokesentinel.co.uk/news/stoke-on-trent-news/gallery/26-photos-rishi-sunaks-churchill-9310126#ICID=Android_StokeSentinelNewApp_AppShare |
At 1065, the 2025 P/E is now only 12.9x, with close to 13% of the market cap forecast to be in net cash at the end of this year.
Just like the last 2 dips towards the 1000-1050p range were, this feels like an excellent long term buying opportunity to me, created by a moderate overhang
Time will tell
Eric |
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