Cradle Arc Share Discussion Threads

[the_doctor] 20/1/2015 10:11

All said though, I'm surprised the share price is up. I was expecting to see it down massively today.
Perhaps shows how much the market knew/understood about these projects already

[the_doctor] 20/1/2015 10:10

Dashcroft

You don't seem to get a rather simple point

The facts we know are:
1. CRA diversified away from CET through the Wellman acquisitions
2. CRA was stepping back from certain CET projects and assessing feasibility
3. CRA as per today, has suspended work on certain CET projects.

Now
If as you or your contacts say (the exact words used don't matter), the CET projects were no hopers, then as per the facts above, the management has surely made exactly the right moves!?

You slated the management for stubbornly continuing with certain projects against the advice of their engineers, but as proven by today's RNS and earlier ones, clearly that was not the case!

You were seemingly right that the projects needed to be dropped, but how can you criticise CRA management so much when the strategic moves they've made are just the sorts of things they should do in that situation!?
Hence I say you can't have your cake and eat it.
I suspect as posted that your paradoxical views are the result of you being confused by remarks from bitter ex-employees rather than logical ones.

In terms with the contacts you discussed with, given CRA's announced decisions today, clearly the engineers that left did not really have any option to stay!
(irrelevant if you used LinkedIn or some other approach although I'd wonder how exactly you contacted them if not LinkedIn? Or were you only getting the info second hand? (which would explain its fuzziness and confusion))




Lundylou
grow up. The discussion has been (slowly) getting to some elements of truth.
If you dislike it put the filter on and shut up

[bossman1978] 20/1/2015 10:09

I thought the IGC would had been worth following on with?

[ricardo125] 20/1/2015 09:59

I agree time for a new thread. The past company we knew as corac is no more.

[the prophet] 20/1/2015 09:50

I suggest someone starts a new thread, as the $100bn dgc market is now defunct!

I have no further interest in CRA, good luck to all those that remain, with Cartmell as the boss you are going to need it!He has presided over large scale wealth destruction. That is not to say the shares may or may not be a good buy now.
cheers.

edit, after a suitable period, to enable a new thread to get going, I would like to close this thread.

[supernumerary] 20/1/2015 09:47

Cartmell's previous company. Google it.

[bossman1978] 20/1/2015 09:46

What is Vega?

[ricardo125] 20/1/2015 09:44

Will be interesting to see the staffing levels at CET in the final results.

[ricardo125] 20/1/2015 09:41

Well all the pie in the sky has been stripped out of this company. I think its impossible to determine the value of it until the April results. It will now only be judged on profits. The only question now for any investor is whether to buy, hold or sell at this moment in time.

[supernumerary] 20/1/2015 09:38

Been on the cards for a very long time now. About 5 years I'd guess. Cartmell is busy rebuilding Vega from scratch, so if anyone wants to know what's likely to happen here, that's as good a guide as any. Not a bad prospect but clearly a five year hold for decent gains, not a hope of a short term 10-bagger. A totally different animal from the original Corac. And thus dreams turn to dust, lol.

[ricardo125] 20/1/2015 09:37

Pavey, there's only me who's been negative so i am guessing your last comments were about me.

Yes for people new to this share it may well be a good investment up to 10/12p but what you probably forget is that many people invested here many years ago at higher levels including myself on a completely different premise and sales package.

[pavey ark] 20/1/2015 09:28

Obviously I'm very pleased with today's announcement.
Everything going very much to plan.
The above does not make me a super investor especially as I'm still very slightly underwater here and I can hardly claim credit for simply reading all the information given out over the last year.
ACI has been worth more than the entire market cap (including cash) for some time.
HTT: "We also saw significant growth in revenue for our heat exchangers with improved quality, on-time delivery performance and conversion to EBITDA." This is better and quicker than I thought it would be.
CET: Cutting the loss making projects and actually starting to get money in.

10/12p will do me fine but I didn't sign up for a 10 bagger but if I did I wouldn't throw the toys out the pram if things went wrong(and I have been there !!)

I don't think I've ever seen such a display of pique and irrational interpretation of a situation as has been displayed here this morning.

We are where we are and if looked at calmly most people would see an excellent investment opportunity.

[ricardo125] 20/1/2015 09:28

By far my biggest holding average of 10p per share, anyone think we will ever get that close again. We'd have to see a market cap of about 45 million. Possibly they can make a profit of 4.5m * 10 for mcap!? Optimistic valuation!? Any thoughts!?

[ricardo125] 20/1/2015 08:58

At least the bod can recieve hefty salaries and pensions until they retire with little risk. Good on you boys you know i would have done the same if i was in your position :-) Jealous. Yes. Bitter. Yes.

[ricardo125] 20/1/2015 08:47

So the dgc and igc are no more !

What is left in the cet business ?

How much will all the redundancies cost etc. Staffing costs were the main drain in CET so what now ?

[ricardo125] 20/1/2015 08:43

Suspected this ever since the Hunt businesses were bought. If only they could have been more upfront. Last year they were talking of orders in 2015 and 2016. Now cet no longer exists in its past form. Talk about a u turn and still no comprehensive plan for what remains cet, just a bit of politicians speak. Well the dream of a 10 bagger is over. How now to place value on this company. Cant work out any future value until the full update. Not enough detail in this announcement treating shareholders as an irrelevance once again.

[timmbo] 20/1/2015 08:13

" Business efficiencies and exit from costly legacy projects, have put us for the first time in a sustainable financial and operational position from which to achieve growth and improved performance."

[timmbo] 20/1/2015 08:03

Market likes it. Clean and profit making

[timmbo] 20/1/2015 07:55

We are 10p at best medium term until more contracts come in.

[ewads] 20/1/2015 07:53

At least the business is now transparent. Imagine market will be nonplussed so sentiment will be negative/neutral. Can't see Co generating much share price increase above 5p for quite some time. My holding (probably like most) is well down. Should really give this up now, but then again might just hold on.

[qackers] 20/1/2015 07:40

Start again from a solid start. - Small acquisition from existing funds so no fund raising.

Financial Highlights

-- Continued to improve financial performance across key measures with overall trading above expectations

-- Cash performance much improved, with closing position well ahead of market expectations at GBP9.6m and above half year end position (30 June 2014: GBP8.9m).

-- Increased closing Group order book compared to last year
Operational Highlights

-- Mutually agreed exit from selected energy sector compression projects
-- Recent UK and export submarine and heat exchanger orders announced total GBP13.4m
-- Focus on key market sectors (aerospace & defence, energy & process) to accelerate growth and further improve performance

[iasike] 20/1/2015 07:37

improved cash flow, improved order intake, I'm holding on.

[timmbo] 20/1/2015 07:31

How will the market take this? I suppose we'll be saving a few million quid a year now.

[larry laffer] 20/1/2015 07:24

RNS out company re-organisation sounds healthier without the prospect of ten bagging.

Seems like they haven't ruled out revisiting the dead projects in the future.

[larry laffer] 20/1/2015 07:22

Hands up anyone who hasn't crossed swords with the doc.

Thought so no hands raised.

Put it down to experience and move on.

Best thing you can do is get onto his filter list.