Well Lord Lee is more than millionaire. He has £3m worth of shares in this alone! |
Thanks Hastings. Any comments on tariffs? |
Just finished my call with Miles and Kim and once again very worthwhile.I'll add some comment in the next day or two for interest, but personally more excited than ever.On the fire issue, no operational concerns, they are quite a distance away. One employee unfortunately affected but thankfully that's all. |
Regarding the LA fire - it's not just the business itself of course - but where the employees are located and/or affected (eg assisting relatives etc) |
It’s been a beautiful week, but the Systems Division is still awaiting its moment to shine with some major orders. The future is bright!
free stock charts from uk.advfn.com |
Yes, you did ask, apologies, I forgot that. |
I have asked that Philly, and it's still very much on the radar, albeit they're in no hurry.All about the right buy was the last I was told, but I'll revisit given the momentum |
Miles has already answered tariff questions in the September IMC presentation, listen to the Q&A and you'll be wiser for it. As for the LA fires, a quick google of their address (16125 East Gale Avenue) suggests they are some 25 miles from both the Eaton & Palisades fires.
Hastings, I'd think it would be interesting to ask about their innovation roadmap + whether their spate of design wins has impacted their thoughts around M&A timing? When organic growth is as strong as it is, it must be hard to set aside significant time for external discussion / negotiation. |
I'm sure I asked about potential Tariffs in a previous conversation as it seemed likely Trump would be back. I'll have to check my notes, but I'll ask again anyway. |
Hi hastings, wondering if you could also ask are there any concerns over potential tariffs for the new US administration, plus, have the LA fires impacted the LA business.
Thanks. |
Just looked him up, first isa millionaire nice |
Lord Lee opened a position here, a cool 3percent. Should get some coversge now as he contributes to a few press columns. Wish my buys required an rns |
Hastings , could you ask about the impact of the strong dollar on margins please ? |
Many thanks Hastings hope you and yours in good health. Don’t share deal anymore just left with CNC and a couple of others in the SIPP. Was hopeful of 190s for CNC and nothing today changed.
Good luck Thanks and keep well. |
No problem. |
hastings, are you able to ask them about their expected addressable market size, I seem to remember the CFO? saying the potential order book was billion dollar value, comparing that to current order book suggests a lot of growth expected, interested if they can give any comment on this. Thanks. |
Hi fleuryp, good to hear from you.You can find all my articles here. https://martinflitton1.wixsite.com/privatepunter |
Never said it was simple or cheap, however they have stated a few times they have pre qualified companies that they can sub contract to, I would imagine they have a back up plan.
Maybe one to ask Hastings? |
Hello Hastings
Do you still have the website with your share info on. Used when on the MW site but new IPad didn’t copy over.
Many thanks |
It complicates the equity story, which is a significant risk for a small cap on a PE of 25x. CNC is a cracking company & will be fine, but I do think shares are fairly valued at 150p or so. Will check back in a couple of months - results don't usually land until May so plenty of water to flow under the bridge between now and then. |
I think our US sub exports to APAC so we would get a hit in this instance but of course its all in the detail. Trump will likely dial back and target certain countries first and certain products. Defence, Comms and tech could escape. Keep calm and carry on, there is nothing that can be done, its just another potential tax to absorb. |
Hi Hastings. If time permits can you ask about the H1/H2 split of the 8v2 major project wins to understand the reasoning behind the H1 weighting. |
Just flagging up that I've got another call lined up with management next Monday.Write up for interest will follow. |
Moving a factory isn't that simple or cheap ! In reality threatening tariffs on Europe/Uk is probably going to be a big bargaining chip ....to get them to raise defence spending as a % of GDP |