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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
  +0.00p +0.00% 1,560.00p 1,520.00p 1,600.00p 1,560.00p 1,560.00p 1,560.00p 925 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 57.5 8.8 65.6 23.8 170.95

Churchill China Share Discussion Threads

Showing 76 to 100 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
31/8/2002
00:39
You're not going to buy back in then? The results aren't quite as apocalyptic as you claim, and I'm far from convinced by your elegant diagnosis of the problem. CHH has a strong balance sheet, dividends are maintained. There's a hint that trading is picking up, and there may be some sort of corporate action brewing, in view of the recent Land finance purchase, which would make sense given the very low PTBV. Unless you have inside knowledge of this, I'd strongly doubt the need for stock write-offs. The results would have to be a lot poorer in the Dining In division to suggest that. Your comments on the management may be fair, but again where's your evidence? An Equally probable explanation is a very difficult retail market in the US impacting temporarily on the dining in division. I'd hold these rather than sell, simply because from experience profit making shares rarely trade at huge discounts to PTBV: for this reason a plunge below 100 seems unlikely. Though I admit I'm not good on short term trading patterns and reactions.
cjohn
30/8/2002
09:56
These results are just awful. Thank goodness I sold out. The board say they "intend to accelerate the long term rate of change in the business".... Long term! Do they have a crystal ball ? They need change now and its going to cost money; restructuring costs, stock write-offs, increased capex. Churchill China is fundamentally flawed because the market seems able to change faster than CHH can respond or anticipate, leaving them flat-footed. They could spend a lot of money changing and it could just happen again. The business environment has altered dramatically over the last couple of years and what Churchill really need now is a management team with the ability to implement change rapidly and appropriately rather than just the ability to implement change. Churchill deserve to go below 100p. SELL
skyracer
27/8/2002
15:52
Is CHH to sell off land to Landfinance LTD and return cash to shareholders and then just outsource it products? MMMMMMMM ? worth thinking about.
coco
22/7/2002
15:31
This bounceback is happening much more quickly than I expected. Normally shares like this tread water for 6 weeks to 2 months before showing any sign of life. Unfortunateley, my streaming is down and I can't get the trades facility. Does anyone have any clues based on trades that have gone through over the past week?
cjohn
15/7/2002
18:06
Hi CJohn I agree with your comment that with value shares after a profits warning a correction upwards will be a long time coming. Equally with the net tangible asset value the share price is not going to disappear in the way that for instance Marconi did. The only upside to the shares is a takeover and if that is not considered likely then you will have a long wait to see any progress particularly as the credibility of the management has all but gone bearing in mind the troubles of a few years ago. All in all quite gloomy for the shareholders.
danny murphy
14/7/2002
16:16
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.
azalea
14/7/2002
10:10
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.)
cjohn
10/7/2002
09:36
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.
cjohn
10/7/2002
07:09
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?
skyracer
09/7/2002
13:31
CJohn Ouch
danny murphy
24/6/2002
19:42
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.
cjohn
17/6/2002
11:06
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.
cjohn
15/6/2002
16:12
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
14/6/2002
11:19
Also resists generalised sell offs reasonably well.
cjohn
04/6/2002
13:43
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.
cjohn
05/9/2001
07:22
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.
usedbook
21/8/2001
14:16
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 !
puku
15/8/2001
21:59
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.
maffs0
20/6/2001
20:05
on pure ta grounds it is a buy. i am not presuming this to be all that is needed to jump in.
melfaraj
20/6/2001
19:15
yeh - not terribly exciting at the mo - wots going on?
denman
19/6/2001
12:17
why the drop in price today? profit taking?
denman
19/6/2001
07:57
Watching it ?
coco
05/6/2001
09:16
you may want to buy some of these - DYOR
coco
04/6/2001
10:09
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
coco
17/5/2001
08:17
Tipped in investors week
mashman
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