Share Name Share Symbol Market Type Share ISIN Share Description
Churchill China Plc LSE:CHH London Ordinary Share GB0001961035 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00p -0.32% 1,575.00p 1,550.00p 1,600.00p 1,580.00p 1,575.00p 1,580.00p 6,137 09:53:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 57.5 8.8 65.6 24.0 173

Churchill China Share Discussion Threads

Showing 201 to 224 of 225 messages
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DateSubjectAuthorDiscuss
05/7/2019
15:46
This is a quiet star in my portfolio and another 'ahead of expectations' RNS today. I have eps forecasts for the year at 73p, up from 65p last year. If we assume a 5% increase in these expectations, we're looking at 76.5p, which would put the PE at today's price at 21, which is shading the high side but not unreasonable for growth of 17%.
skirbell
30/4/2019
12:59
Powering to new highs! It has real momentum with buyers paying 1631p ever after going ex divi. Only the shadow of Brexit kept a lid on this one.
mach100
08/4/2019
11:14
Why growth at Churchill China is more impressive that the top-line figures suggest and it’s not just the IHT investors who should be interested. New research here hxxps://www.investorschampion.com/channel/investors-clinic/churchill-china-a-100-year-old-business-with-a-spring-in-its-step-iht-quali
investorschampion
27/3/2019
17:53
Good results with the benefit from higher added value products and recent investment paying off.
valhamos
25/2/2019
14:50
Good news today. Acquired at a bargain price a controlling interest in a profitable company that is already a supplier.More to come here!
mach100
07/1/2019
08:08
Indeed. Happier days.
cwa1
07/1/2019
08:07
Ahead of expectations!
thelongandtheshortandthetall
05/10/2018
20:15
Several directors selling a few o_o
pireric
30/8/2018
09:12
#CHH Singer note just out. "Excellent interims". "European growth should continue to prosper under either Brexit scenario." On top of previous upgrades, nudge up "EPS forecasts by 1-4%" for the next 3 years and see "fair value towards 1250p" 👍
pireric
30/8/2018
08:38
Sterling fall in the event of hard Brexit would more than compensate for a 7% tariff
mammyoko
30/8/2018
08:37
Only if they wouldn't be able to increase sales prices to help offset (which is usually the case) I found with remote gaming duty and gambling companies. Different industries but when the product has some value add then usually can offset to an extent. I don't think the market is truly thinking about this for CHH though. If it were, many much larger companies would have been hit. The reality is that I'm yet to pick up any analyst broker note on a UK based exporter talking about the Brexit impact! Net net Vs what we knew yday, +ve news today. I don't think it helps that N+1 are slow to market on their comments on today's update. I have my feelings of a 4-5% upgrade to EPS, but rest of the market guessing
pireric
30/8/2018
07:58
The overhang is still no trade deal with the EU. 7% tariffs on 18mm of EU sales would reduce PBT by 1.2mm which is 16%. Hopefully won't happen but the uncertainty will remain until the end of the year.
wjccghcc
30/8/2018
07:50
Outperformance across revenues, profits and Divi, mammy. Could see a 4-5% upgrade maybe
pireric
30/8/2018
07:40
Based on the last three years' H1/H2 adjusted eps split, achieving the consensus 61.9p looks to be easily achievable suggesting a potential out-performance against forecasts
mammyoko
30/8/2018
07:21
#CHH Churchill China results really good :0). 6% cc growth in 1H Vs 2% last year as a whole. Export sales +19% cc, "relatively low mkt share in exports". Expecting analyst upgrades on the back of this. 1H EPS up 24% to 24.4p, 1H net cash up to £13.7m, interim divi +18%
pireric
30/8/2018
07:12
Churchill China plc (AIM: CHH), the manufacturer of innovative performance ceramic products serving hospitality markets worldwide, is pleased to announce its interim results for the six months ended 30 June 2018. Key Highlights: -- Group revenue up 6% to GBP27.2m (H1 2017: GBP25.8m) - Constant currency growth 6% (H1 2017: 2%) - Hospitality revenue growth 9% (H1 2017: 8%) - Group export revenues up 17% (H1 2017: 19%) - Exports now represent 63% (H1 2017: 57%) of Group revenue -- Operating profit up 22% to GBP3.3m (H1 2017: GBP2.7m) -- Operating margin 11.9% (H1 2017: 10.3%) - Further conversion of standard to added value product -- Profit before tax up 24% to GBP3.3m (H1 2017: GBP2.7m) -- Earnings per share up 24% to 24.4p (H1 2017: 19.6p) -- Interim dividend up 18% to 8.7p (H1 2017: 7.4p) -- Cash generated from operations GBP1.7m (H1 2017: GBP1.1m) -- Good progress against strategic objectives Alan McWalter, Chairman of Churchill China, commented: "I am pleased to report that Churchill has again delivered a strong performance in the first six months of the year with increased revenues and margins contributing to good profit growth and continued progress against our strategic targets."
cwa1
29/8/2018
20:10
Indeed I think the 1st half growth comparison is tougher than the second half for the UK division so should think whatever the number is tomorrow, there is an acceleration in the second half Interesting that the 61.9p EPS is premised off revenues of £54.9m which would be 2.6% growth for the year. I know the retail growth is likely to continue dragging but that looks pretty pessimistic to me, especially in light of my image two posts ago
pireric
29/8/2018
17:41
Interim results tomorrow. Consensus full year normalised eps 61.9p and dps 27.1p gives ex-cash forward p/e of 14.0 vs PMP forward p/e of 16.25.
mammyoko
13/8/2018
12:41
Of side note, CHH's growth story is much stronger than headline numbers suggest, while remembering hospitality is much less fickle, and more strongly recurring than retail sales.
pireric
13/8/2018
11:18
Richard Beddard at II has looked at this before WJCC. It's not out of kilter with how most goods exporters will be affected in the case of the UK and EU having no deal at all, which I think (and hope!) is still unlikely "Worst case, WTO rules would mean a 7% tariff on Churchill's exports to Europe, should we leave the EU without coming to a new trade agreement." "Could Britain's exit from the EU shatter the growth story? Churchill's directors are sanguine. As you might expect James Roper, who along with other family members owns a controlling interest in the firm dating back to 1922, talks of its 'generational' mission. The company has focused on developing products that should be as resistant to competition as they are to breaking in a dishwasher. It's added value by adding colour and texture to its plates. Until recently almost all the plates Churchill sold were white and round. Unlike in our homes, where plates can be highly decorated because they are mostly on show, the aim in restaurants these days is to frame the food with simple bold patterns. The fewer processes, the lower the cost. Raku, a recently introduced range that combines a traditional print and modern translucent glaze in a single process, has the distinction of being not only Churchill's highest value product, but also the cheapest to produce. The company says Raku is its fastest growing range and "added value" products like it now account for 29% of revenue compared to 9% in 2011."
pireric
13/8/2018
10:50
The problem here is that it's the European sales that are driving growth vs a stagnant UK market. CHH only manufactures in the UK (although they're looking into creating an EU base) and tariffs on chinaware are likely to be large (see their depending on anti-dumping tariffs for Chinese imports). It's really a binary bet on a free trade agreement.
wjccghcc
12/8/2018
22:09
That's true. I have been meaning to pick up some of this on a dip so may well join
dan_the_epic
11/8/2018
07:54
If uncontrolled hard Brexit does happen, most exporters on the entire exchange will get thwacked. I've added here yesterday on the dip. This is cheap again in absolute terms and versus its own history. Normally trades at 17-22x earnings. Currently well less than that + trading momentum. Ex cash we're talking low teens which is cheap in my book. It's pretty illiquid but no reason this should be trading on a three digit share price IMO. Interims due before too long so that'll refocus investors again :0)
pireric
07/8/2018
20:54
Same issue here as with many exporters into Europe. What happens in each form of Brexit? Do European companies start to source locally to avoid the headache of preparing contingencies for each and every possible outcome?
dan_the_epic
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