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Share Name Share Symbol Market Type Share ISIN Share Description
Churchill China 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
  -95.00p -6.62% 1,340.00p 1,300.00p 1,380.00p 1,445.00p 1,340.00p 1,435.00p 34,421 13:49:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 53.5 7.8 58.4 22.9 146.84

Churchill China Share Discussion Threads

Showing 51 to 74 of 200 messages
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As an observer, I wonder what the general thoughts are regarding Steelite's 17% stake. Any moves on the latter might also be an indicator of what a major share holder's thinking might be for CCH future prospects.
At the current price, CHH is trading at 50% of its net tangible assets. With cash flow and profitability remaining positive, this discount will be even more marked by half year and year end. At some point, this anomaly will resolve. However, my experience with value shares suggests a price correction (upwards) may be a long time coming. Downwards corrections have gravity to help them along, so tend to be more abrupt. On a cautious note, I personally tend to discount stocks when judging the effective net tangible asset value. Even on this very conservative view, CHH is still markedly undervalued on asset grounds. (Though not of course on profitability grounds.)
DMurphy: Yes, nasty, ouch. Sod's law: I was travelling Monday and yesterday when the news of this came out. Not sure now whether to sell or hold. The share price should be underpinned by the NAV and the maintained dividend: not tempted to buy more however, though if I didn't have any already, I might go in at some point. I'm glad you remained cautious: the right strategy currently. Bungling the news release is pretty unimpressive too. I'll probably hold for recovery on a year's view. Currently sitting on a 20% loss.
Seems to me Churchill need to get their act together otherwise they will lose all credibility. Whats next? Yet another trading statement in a few months saying actually we didnt really mean it we ARE going to meet market expectations after all?
CJohn Ouch
danny murphy
Forward broker prediction is for 27p this year, albeit I take this with a pinch of salt,as the company is expecting a significant pick up in the 2nd half, with first half figures slightly down on last years. My feeling is the downside risk is limited by the P/TBV of about 0.65: back of envelope calculation, plus the well-covered dividend, and net cash position which is likely to improve further this year,as the company says their capex requirements will be significantly lower this year. If the price slips back to 150p for example, I'll pick up a wad of these.
Yes, thanks for your long and thoughtful posting, D Murphy. The point on the past history impacting on current sentiment is a good one. How would you time a buying decision? I tend to buy in when PE, dividend, NAV and debt hit certain criteria, and not worry too much about the general market state: SUF is the one exception to the rule, but then I usually go for value shares, which tend to be unvolatile for significant periods of time. Hence I've got a average buy price for CHH of 170. And not too bothered by falls down as far as 130.
Hi CJohn I can see why you are very bullish about CHH including for the reasons you mentioned above. Other points to bear in mind are a Market Cap of only £18m but with net tangible assets of 256p per share, so not so good and good. It might be difficult to buy and/or sell the shares quickly depending upon circumstances. Delving into the history of the company, it all went wrong in 1998 followed by a disaster in 1999. The company subsequently re-organised and turned in respectable results for both 2000 and 2001. The share price reached 700p in 1997 dropping all the way down to 60p in 2000 and rebounding to the current range of 160p to 180p. Clearly the market has been put off by the company's history and when the market is satisfied that the past has been well and truly buried then no doubt the share price will be re-rated. The management currently has a cautious view of the future but provided they can keep the upwards profits trend going then you must be in for good times. The judgement, therefore is, when is it due for a re-rating. It is certainly one I am going to watch and hopefully at the right time I will invest in. Thanks CJohn for the tip. Notwithstanding the above the stock market is in a very difficult position at the moment and there is clearly good profits to be be made with good timing, unfortunately the dangers are high.
danny murphy
Also resists generalised sell offs reasonably well.
Dividend 5.5% PTBV 0.7 PE 8ish Gearing: net cash At some point the share price wuill reflect these strong fundamentals. My bet is in the 2nd half of the financial year.
This little company is going great guns...sales up 4m,interim profit up to 2m and a dividend of 3p! Turnaround of debt from 1M to a nice cash balance of 2.4M. Why buy tech rubbish like MONI when you can buy a little company thats actually making money and paying it out. Lovely.
i'm also yawning my way to the interim, having bought at current level, but with first 4 months trading said to be great, i hope my mouth is wide open at the results !
CHH has remained at its current price since I bought it a few months ago (yawn!). Interims are due soon and if they are in line with expectations (which I think they will be IMHO), then we may see a further jump. DYOR. M.
on pure ta grounds it is a buy. i am not presuming this to be all that is needed to jump in.
yeh - not terribly exciting at the mo - wots going on?
why the drop in price today? profit taking?
Watching it ?
you may want to buy some of these - DYOR
Seems to want to move up today - this company is undervalued forward pe of 7 cash rich forward divy of 5% and good asset value at 2.40 and ripe for a bid - the trend is back up. COCO
Tipped in investors week
You've obviously not done any research......!
CCH: A Small business in a small town - No hope!! It's May: Sell and Go Away!!
Don't forget - AGM Wed 16 May. Buying & announcements will start tomorrow. Be ready for your screen to turn blue. GJ (A big fan of Harry Potter)
gerard j
AGM: Wed 16 May 2001. Don't forget!! 3 reminders:1)Directors purchase - 2) 2000 reports - 3)Harry Potter licence. 1)RNS Number:3542D Churchill China PLC 9 May 2001 CHURCHILL CHINA PLC DIRECTOR'S NOTIFIABLE INTERESTS In accordance with section 324 of the Companies Act 1985, as amended, Mr A D Roper has notified the Company that he has today purchased 100,000 shares in the Company, representing 0.94 per cent of the issued share capital, at a price of 160p per share. Following this transaction Mr A D Roper has a beneficial interest in 637,430 shares, being 5.99 per cent of the issued share capital, and a non-beneficial interest in 2,140,000 shares, being 20.09 per cent. of the issued share capital. 2)Key Points - Year-end reports,Dec 2000: * Pre-tax profit of #2.4m (1999 : #0.5m pre-exceptional loss - #4.5m after exceptional items) - Turnaround of almost #7m at pre-tax level * Group sales increased by 9.5% to #49.9 (1999 : #45.6m) * Earnings per share of 16.9p (1999: 3.7p loss per share) * Net cash at 31st December 2000 of #1.1mNet asset value of #2.44 per share * Final dividend of 5.0p per ordinary share - full year dividend of 7p 3)I am pleased to announce that Churchill have secured the Harry Potter licence for both classical (books) and the movie, covering mugs and certain items of giftware. This licence is for the UK and Eire, and products will be available in the market place by April. Initial reaction at our trade fairs has been excellent. Note that Harry Potter sales/orders were not included in the Dec 2000 figures. GJ
gerard j
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