Cinpart Share Discussion Threads

[reckless_rat] 05/8/2008 21:08

Ian F, nice web site, slightly marred by the fact that if you hit on the Component Imports page it flashes up under construction and directs you straight to its competitors, including a long established one in Birmingham, from which City Palmer has just returned proudly flourishing an ageement guaranteeing confidentiality in our time.

As for bad Penny, interesting guess, but no cigar. This'll come as a disappointment no doubt, since you strike me as the sort of girl who could take a whole Lewinsky. I'm afraid your broking friend may not be the sharpest knife in the box either. Cinpart's shares have fallen not because of a few sceptical posters on this BB but because Cinpart/ their brokers have progressively reduced their 2008 PBT forecast from £ 500k six months ago, to 300k a month ago, to 100k ish??? a week ago. Combined with that, in amongst generally thin trading, there has been a persistent seller(s) of 500k ( 1.6%) lines of stock on falling prices. Find out who they are and you have your villains. Best place to start looking would be at significant shareholders over 3%; apart from the directors the only ones that have shown over the radar in the last year are Suffolk Life, Sharples and Group Industrial.

[ianfellowes] 05/8/2008 17:56

A little note Gasignition has got a website going!

[ianfellowes] 04/8/2008 19:26

Miss Penny share

Thanks you have some interesting comments and could well be right. I also hold these shares and think there is some good potential but its a waiting game....

I think this share will look a lot beter when the housing markets in the UK and US start to recover!

Ian

[miss penny share] 04/8/2008 09:49

To Reckless Rat,

I have been interested in penny share for a while now. I like having a portfolio of these because if any succeed one can make several times ones original investment.

My stockbroker friend recently introduced me to several share chat lines such as ADVFN where one can read lots of gossip and tips on shares.

However after logging onto ADVFN and the Cinpart site, I notice you seem to me the one that posts most, and your posts are always negative and destructive.

I asked my friend what would be the motive of these continued postings, he said these type of despicable posters fall into two categories:

1. Somebody who has shorted the stock and is trying to frighten shareholders into selling the share by posting false rumours.

2. Or a disgruntled former employee that has an axe to grind, and just keeps attacking the management.

His guess is as there is a little share trading in this share and price is already on the floor it can't be a shorter so it has to be an ex-employee. He went further, guess which stockbroker he works for?, and said as all the employees are now in Thailand the only obvious person left must be the disgraced and fired ex Chairman PATRICK ROGERS, who was responsible for the share price going down 99% during his 8 year reign.

So rat are you PATRICK ROGERS in disguise?
If so perhaps you could move onto the Rentokil site, where they can deal with you!

[reckless_rat] 01/8/2008 11:05

I've had a bit of an idea. Referring to their manufacturing and design skills in Bangkok, the Chairman said in his profit warning that 'These skills can also be applied to any type of electrical equipment'. It's nice high margin business, there are only 2 or 3 competitors worldwide, and they've got the capacity: this weekend, why don't they knock out a brain scanner- the directors certainly have need of one.

[reckless_rat] 31/7/2008 21:48

I've re-read the profit warning and its all b*llocks. 2 months ago the Chairman told us that 'the Company's relationship with customers remains strong'. Now he's telling us that it took them a year to realise that customers' 2007 demand was inflated 12/15% by inventory building. Either this is an admission of stunning incompetence or else the explanation is a big fat porky. He then goes on to tell us that they have perfected the art of moving factories from the UK to Thailand. Their website currently boasts 150 employees in Bangkok, equivalent to sales per employee of about £ 18k. At this level of efficiency they could not even cover their payroll costs in the UK, never mind raw mats, etc. Quite clearly their Bkk operation is hopelessly inefficient, about one fifth as productive as their UK equivalents. As for Component Imports Ltd, set up in April 08, this looks like a great idea whose time has come... and long gone. Any SME that is now asking Cinpart to source cheap parts for it in China is about a decade off the pace and is unlikely to be in good shape to survive the recession. The chances are that Chimports will quietly fade away with little more than a string of enquiries and a few bad debts to show for it. I mean, how excited can we get about sourcing a few £k's worth of ceramic name plates for boilers?

I reckon they've been sitting on bad news whilst they tried to get an acquisition away to paper over the gaping cracks, but time ran out.
The bottom line is that they've blown the refinancing proceeds without any benefit to sales and blown the share price along with their credibility.

[fatso] 31/7/2008 12:51

nah, they are lying thro' their teeth.
Fat rats abandon the ship with utmost discretion.

[reckless_rat] 30/7/2008 18:07

and who was the smart fellow who tipped out 2 x 500k shares last Thursday. That's over 3% of the company so maybe we're due an announcement??

[gerri-c] 30/7/2008 15:29

That little update seems to have lead balloon quality :-(

[h d shoring] 24/7/2008 12:26

Wonder if they have appointed another subcontractor yet .??.
Apologise to any newbies, you have to read the history to appreciate that comment. .

[reckless_rat] 23/7/2008 23:03

Fatso, where's your sense of history? This is not the end, this is not even the beginning of the end, but it is I believe the end of the new beginning. 12 months and £ 1.6m of new equity ( 900k cash, 500k debt/equity, 200k directors bungs )later, and all shareholders have to show for it is another 60% decline in the share price. Whatever happened to the Newlands piece of paper promising 11.8p's in our time? Their 2008 forecast is now looking as secure as the Sudetanland.

[fatso] 23/7/2008 13:28

Down again.
Is that it?
Is that the end?

[gerri-c] 10/7/2008 08:50

Wish they'd think of including parts for gas turbines - would be a nice spin!

[mikehardman] 24/6/2008 00:01

ianfellowes - thnx

[ianfellowes] 06/6/2008 18:18

Mike

Its took a while but its back!



Ian

[fatso] 23/5/2008 14:31

Nope. Sold out at 8p ha ha

[ianfellowes] 21/5/2008 17:31

Fatso

True it seems like quite a sizeable chunk today. I guess we will find out who it was with time. It seems a bit stange they sold them all at once at quite a loss to the current market bid.

Might be more to it. We'll see!

You seem quite an avid poster on this board. Do you still have any shares?

Ian

[ianfellowes] 21/5/2008 17:27

Mike

It was on the website along with the annual report and the research report from SQC.

I have contacted them to find out where they've hidden them. Just waiting for their response.

Will let you know when I find out
Ian

[fatso] 21/5/2008 13:25

Somebody quite impressed by this report:
Big Rat jumped theship just now to the tune
of 271K
So the only resident institution must be gone, then?

[mikehardman] 20/5/2008 14:43

ian - can't find it - please could you past a link to it - TIA

[ianfellowes] 20/5/2008 13:22

There is a new newlands report (dated May 2008) for anyone who's interested.

It's on the Cinpart website!

Happy trading!
Ian