Cinpart Share Discussion Threads

[los ricos] 07/2/2008 11:04

nice update. infact couldn't be better.

[mikehardman] 07/2/2008 10:52

added more

NB: all 3 of my buys are showing as sells- don't be put off, feel free to join me!

[mikehardman] 07/2/2008 10:41

added quite a lot, sub-5.75p

tr.stmt - 'exceed the expectations', 'strong demand from the existing customer base', 'significantly reduced costs',



Newland Stockbrokers (CINP house broker) issued an report, recommending 'buy', with 11.8p target, on 6nov07; fingers xxxd they will issue an update, though even if their target is not changed, that's still ~100% up from the current price!

[gerri-c] 07/2/2008 10:39

A welcome trading update.

[reckless_rat] 03/2/2008 21:26

Good news on the face of it but it does seem that only the directors and their relatives are supporting the share price. Problem with that is at some point they either run out of money or get to the point where they cannot buy any more without having to bid for the whole company!

[ianfellowes] 03/2/2008 12:34

Fatso and Gerri

I think its good news that insiders are buying again. I am sure they know the true story of 2007. I will wait and see if anymore internal buys are reported before dipping in again.

This would be a strong indication to top up but at the moment I am happy to sit and hold! I have quite a loss with these but hink they may have turned the corner.

[gerri-c] 01/2/2008 12:24

Maybe he hasn't quite finished buying?

[fatso] 01/2/2008 11:02

Now you know: Foster bought some and holds 10% of the Co.
No other news but interesting to see that this insider does retain
some belief in his Company

[ianfellowes] 30/1/2008 20:20

Gerri-c I agree but there has been some big trades recently.

Maybe the market makers have been caught out by dropping the price too quickly. I can't think or find any other reason. Time will tell.

Happy to read any other thoughts...

[gerri-c] 29/1/2008 08:57

Strange traded prices showing today.

[fatso] 28/1/2008 09:33

Ooops! somebody bought 100K at 5p
Sharples chasing the dragon?

[fatso] 28/1/2008 07:12

Sharples is trapped and I reckon he can kiss good bye to his
investment. He may well exercise his option, the lower one of course,
but will crash the share price if he tries to cut and run.
That institution which bought in will not be pleased. Who sold them
the rotten egg?

[reckless_rat] 27/1/2008 21:01

Fatso, you're half right, they cultivate us like mushrooms. Case in point last 2 announcements. While they made a big fanfare about Baker's change of job title (deckchairs, Titanic?), the really curious issue was Sharples going. They announced this as a resignation but mike hardman who looks like an unofficial spokesman hailed it as a welcome sacking. Mystery is why did Sharples resign? Foster signed on as a non-exec last June on £ 30k pa with 12 months notice period and presumably Sharples was on at least as good a deal. According to the Mem&Arts on their website directors can only be removed by a shareholder vote so why would Sharples walk away from £ 30k pa and the opportunity to keep an eye on his 10% stake. Strange?? Stranger still why did he and Millstream accept more Cinpart shares in another debt/ equity swap for a paltry £ 50k. It looks really naff; are they running low on cash again already?
Whether or not Sharples starts dumping his stake now that he's no longer a director, he has 4 1/2 months left to exercise his options- 450k at 1p and 350k at 7p; no pressure on the supply of stock then. Get that 1p limit order on Fatso.

[fatso] 25/1/2008 20:41

I did hang on, almost up to the bitter end.
Took a big hit by selling. Nevertheless a man has to do
what a man has to do. late Johnnies have been abandoning
the ship today at half the price I got so that is a consolation.
With economical clouds on horizon in North America, who will
have the cravings for white goods, new ovens now?
Cannot wait to see them Directors yelp in anguish now once their
investments hit the floor. It only serves them right for not cultivating
shareholders, ever.

[reckless_rat] 25/1/2008 20:03

Hang in there, Fatso, your time may come- price action not looking good. To put Newlands target in historical context, Ian F, remember that the White Star Line's target for the Titanic was New York.

[fatso] 25/1/2008 04:30

I sold out at >8p
Might consider buying back at 1p

[h d shoring] 24/1/2008 14:31

Surely these are becoming a prime target for a bid at these levels .how you fixed Fatso ?

[ianfellowes] 12/1/2008 17:38

Bodminbeast

I would check the link out at the top of the page (dated 6nov07: House broker Newlands Stockbrokers report - BUY, at 6.75p, target 11.8p). It sheds a bit of light on recent changes.

Hope it helps
Ian

[h d shoring] 11/1/2008 14:45

Bodminbeast .
On a personal note I sold my few millions [before consolidation]of buc and put my money in goc and mta.Glad i did and happy to leave it there .
I thought with Rogers in charge this company had a chance but not happy with new directors .Not trying to put the downers on the company but just my opinion.

[fatso] 11/1/2008 14:25

I made a painful write off disposing of 330K CINP
at prices of 8p and slightly above. Not a moment too soon,
dare I say it. Other rats are taking a runner too. Sinking ship?

Anyway, 25 grand saved. Will not buy the Bentley Continental but
might feather my bed under the London Bridge nicely.

[bodminbeast] 10/1/2008 14:18

I'm new to this thread and hoping to pick up some up to date info/ news on this stock. My investment club has been forwarded the Newlands buy note on Cinpart and given I work in the white goods industry its fallen on me to do the research ( ironic since I knew Derlite in its old Bodmin days before Buckland bought it up). To reach Newlands targets Cinpart's got to up its sales a lot this year. Problem here is that the white goods market is in free fall in the US and pretty poor in Europe right now. Not sure who Derlite's major customers are these days but back in the Bodmin days by far the biggest was Sourdillon Inc ( now called BSI )and they took about £ 0.5m pa even then. My contacts in Mexico tell me that BSI still buys its electrodes from Derlite but they are rumoured to be looking to bring them all in house this year and make them in their own recently acquired factory in Mexico. This would make sense given that BSI sacked 20% of its US workforce last July because of the downturn and transferring jobs south of the Rio Grande. If true this will smack Cinpart hard.
Don't know what Derlite does in the UK these days since it bought Kigass but whats clear is the UK cooker market is in turmoil. Last August Merloni closed its UK cooker plant, the old GDHA, and last month Electrolux confirmed its closing its Spennymoor plant in 2008 with all its UK cooker operations going to Poland. That just leaves Glen Dimplex and Rangemaster as the last two majors producing in the UK.
Anybody out there who can throw a bit more light on whats going on in the company? Right now looking a bit premature to buy.

[maytrees] 07/1/2008 08:49

The 6.74p trade was my small SIPPin again.

An advantage of being a former (somewhat disgruntled)Buckland
shareholder is that all that previous DYOR when applied to the current
co and its prospects, does reveal that most of the costs of transfering
from UK to the Far East have already been spent.
That with the acquisitions enroute and the recent placing
could if it is not too much of a cliche, mean that the co is
now leaner and fitter; the director's buy also.

All imho so dyor

[ianfellowes] 09/12/2007 16:49

I think the company is now in a good position. Kevin Baker managed the reorganisation in the company and will have good knowledge of its operations.

I can't see Sharples selling his stake just yet. I think he'll wait for the company to start to show some profits of its recent reorganisation!!!

Time will tell but I am happy at the moment

[mikehardman] 07/12/2007 10:50

new CEO, Kevin Baker; and got rid of Sharples - I think that's good on both counts,
though have to hope Sharples is not inclined to sell his 8% holding,
and would be good to see Baker buying