Churchill China Share Discussion Threads

[eggbaconandbubble] 27/8/2015 07:26

Interims - Still 'chugging along'!

[andrewbaker] 31/5/2015 14:25

This is a popular financial news item right now due to the results and it being a largely unnoticed company that has chugged along nicely for years. To buy in looks like a good thing to do for a stable tuck-away and non-worry holding, but not until the price falls back after recent euphoria. It's been stable for years, so a wait longer won't hurt, and should produce a lower entry price in a while.

[eggbaconandbubble] 13/1/2015 09:17

Plus, unlike Portmeirion they don't manufacture in China and are not effected by this EU embargo. Am I right?

[eggbaconandbubble] 13/1/2015 08:55

The results should be good because the $ strength v the £. which if I remember was CHH's grievance at the interims last year (i.e. at that time a weak $)
Haven't got copy of the Sunday Mail anymore but when I read it, it seemed to be pretty much 'on the nail'.

[interceptor2] 12/1/2015 09:24

Thank you ch4p_85, I wondered why there was a gap up this morning.

Mention in Mail must be on the back of the impressive trading update from last week?

[ch4p_85] 11/1/2015 13:51

Mention in daily mail today. Wakey wakey

[jaws6] 24/3/2014 09:53

Result coming soon , early move today ?

[malcontent] 10/1/2014 13:55

6 years between posts! now that IS a quiet board.

And then 2 posts in one day!

The villagers will be talking about it for years to come....

never thought I would be making money in the 21st century from a company making china

[tradermel] 10/1/2014 07:49

A bit unloved this share?

Nice RNS today though

[hvs] 11/7/2008 17:39

I hear the sound of breaking China.

[gengulphus] 01/4/2008 11:10

This looks a bit less healthy though...

"PROSPECTS

Despite the economic downturn in the UK and USA we believe that with a strong
balance sheet and robust business plan, Churchill is capable of achieving its
objectives for the full year.

Demand has been weaker in the first quarter of 2008 when compared to the
corresponding period of 2007 which was characterised by a number of significant
installation sales to the Hospitality sector, although repeat sales to
established customers are performing to expectations. As a result it is unlikely
that gross revenue and profits for the first half of 2008 will reach the
exceptional levels achieved last year.

We have several opportunities to grow our revenues across a number of markets
in both our businesses. We are actively pursuing projects aimed at increasing
near term sales and broadening both our distribution and product range."

Of course, just about every company is mentioning economic conditions in their outlook statements at present, but lower demand in the first quarter is real (and unwelcome) news rather than just speculation about the future.

Gengulphus

[mctmct] 01/4/2008 08:18

These look good to me.

mct

-----

Chairman's Statement

I am delighted to report that 2007 proved to be an excellent year for Churchill,
exceeding our expectations, with strong growth in profitability, exceptionally
strong cash flows and encouraging activity levels in both our hospitality and
retail businesses. This result reflects the successful implementation of key
strategies to deliver attractive product ranges backed by specific new product
development, high service levels and tight management of our cost base. This was
against a backdrop of healthy customer demand in a number of geographical
markets especially in the UK.

FINANCIAL REVIEW

Group revenues rose by £1.0m to £46.9m (2006: £45.9m) reflecting good growth in
many key Hospitality accounts adjusted by lower levels of retail contract
business and higher rebates to certain customers.

Group operating profit before exceptional items increased by 15% to £3.2m (2006:
£2.8m) and our profit before exceptional items and taxation improved by over 30%
to £4.0m (2006: £3.1m).

The results also include an exceptional profit of £0.8m relating to the disposal
of surplus land at Marlborough in December 2007. In 2006, net exceptional
profits totalled £2.7m. Profit after exceptional items, but before taxation, was
£4.8m (2006: £5.7m).

Adjusted earnings per share have increased by 30% to 26.5p (2006: 20.5p). Basic
earnings per share, including exceptional items, were 33.8p (2006: 37.7p)

Overall cash balances rose by £5.0m to £11.4m (2006 £6.4m) and accounted for
over one third of year end net assets of £29.7m.

DIVIDEND

In the light of the strong overall performance of the business the Board is
pleased to recommend a 13% increase in the final dividend to 9.2p per share.
Together with the increased interim dividend paid in October this gives a total
dividend declared in respect of 2007 of 13.7p an increase of 14% on the
corresponding figure for 2006. We will continue to manage our dividend policy to
deliver progressive, long term, shareholder value creation. In 2007 taking into
account capital growth and uplifted dividends, our Total Return to Shareholders
in the year was 25%, in line with the average achieved over the last five years.

[thumbs] 14/1/2008 07:12

Churchill China said it expects its full-year pretax profit to beat market estimates, thanks to a good performance in the fourth quarter.

In a trading update for the year to December 31st, the ceramic household products maker said its retail division's revenues should come in lower than 2006 levels but margins have improved. It attributed the better margins to more middle market customers, adding sales of licensed products have beat its expectations.

The hospitality division's revenues and profits continued to grow well, Churchill China said, underpinned by a high level of repeat business.

The company's annual results will include the �1.1m gross proceeds from the sale of surplus land as an exceptional item.

[mctmct] 11/9/2007 11:04

Still on the up.

[gengulphus] 12/7/2007 22:54

They've been in the last few days of August for the last five years, so that's when I'll be looking out for them.

Gengulphus

[rogerbridge] 12/7/2007 18:37

Any idea when interims are due?

[rogerbridge] 18/5/2007 18:43

Made first purchase a couple of days ago.Looks a good investment.

[bigbobjoylove] 14/5/2007 12:21

added a few more as it gets over 300p.

[jimmymac2] 13/5/2007 11:42

i'm in as of friday afternoon. Agree leachy, looks a nice undiscovered bargain.

[dave leach] 13/5/2007 09:29

last years growth 52%, next years should be better given it will be their first year of full production in China. This is a steal at this price and should easily double as the stock gets re-rated.
Loads of cash and no debt, if they grow figures like last year which they may well do then we have eps way north of 50p as well as a large cash pile of over £6 million pound against a market cap of just over £30 million. What bargains there are if you just do a little research. Can see these rising quick style to 500p given the fact MMs have to mark them up on every small buy, what says a special divi coming soon?? What a share bargain i've found.