Cradle Arc Share Discussion Threads

[goatherd] 25/2/2015 11:33

That is simply wrong.

I have a company that had substantial losses 10 years ago, I have been using them ever since, have only three more years to go :-(

Dont' rely on tipsters - go to Inland Revenue!

[bullster] 25/2/2015 11:27

INVESTOPEDIA EXPLAINS 'Loss Carryforward'

For example, if a company experienced a negative net operating income (NOI) in year one but positive NOI in one of the next two to seven years, the company could reduce its tax expense for one of those years by applying the loss experienced in the first year.





The loss can be carried forward for several years but can only be offset in one 12 month period, in one go, you can't spread it over more than 12 months.

[optimist] 25/2/2015 11:22

I think it works:-


Profit in 2015 = £100m tax owing would be £20m

If cumulative Loss up to 2014 = £20m

Offset £20m loss against £100m Profit = £80m Taxable Profit = £16m tax (at 20%)

[goatherd] 25/2/2015 11:01

No Bullster, corporate losses can be carried forward with no time restrictions.

Easily confirmed at HMRC.gov.uk

[bullster] 25/2/2015 10:54

I thought Corporate losses could only be carried forward for 12 months.

With the current tax rate of 20%, if Corac made a loss this financial year of 20m it would need to make a profit of 100m the next year to offset that full loss.

This is how it works:-

Profit in 2015 = £100m tax owing is £20m
Loss in 2014 = £20m
Offset £20m loss against £20m tax liability = zero tax

[timmbo] 25/2/2015 06:59

Just waiting for the market to realise that

[pavey ark] 24/2/2015 20:45

Sorry to point out the bleed'n obvious but Corac has made substantial losses over the years and in the last full results they said that they had £16.5m allowable to be set against future taxable profits.
With further albeit reduced losses last year this figure will rise.
As Corac is on the cusp of profit this has to be taken as a considerable asset.

[fse] 24/2/2015 17:18

Yeah still got a few of these from 30p.....archived LOL

[dieseltaylor] 24/2/2015 09:52

Just an echo of what turbines can do

[timmbo] 24/2/2015 05:36

Lol, need 34p. By 'finally' I ment share price movement

[bossman1978] 24/2/2015 00:47

40p please :)

[secretsqu] 24/2/2015 00:40

10p is distant.............

[paul the octopus] 23/2/2015 23:47

Finally? still needs to break 6-7p before any excitement towards 10p

[timmbo] 23/2/2015 14:55

Finally....

[bullster] 22/2/2015 12:22

As contracts come in, and the company nears profitability, any spike in the share price should attract the attention of the private investor.

Although Corac has seen no buying from it's two largest institutional investors (M&G and L&G)since April 2014, there are new ones coming on board to more than replenish the other ones that have gone.

Institutional shareholders now account for around 65% of Corac, so it should get interesting as there is less and less room for private shareholders to grab a piece of the action.

Other Institutional shareholders expanding their positions over the last couple of months are, 1/ Barclays Bank Plc (Private Banking), with 2.2% of Corac shares and a holding of 9.3m, 2/ Hargreaves Lansdown Asset Management Ltd. 2% and 8.3m, 3/ Hargreaves Lansdown Stockbrokers Ltd. 1.8% and 7.7m, 4/ J. M. Finn & Co. Ltd. 1.7% and 7.4m, 5/ Talos Securities Ltd. 1.7% and 7.4m.

With the recent acquisition of Shaw's two facilities in Oldham, better value sheet metal and fabricated parts will bolster profit margins as they are fed into Coracs other plants.

All in all, things are looking up, now that the focus is on marketable manufacturing and less on overspend to develop "out of reach" projects.



edit. Pavey Ark...I never said any such things.

[pavey ark] 22/2/2015 11:56

Bullster, if you read the web site ALL the emphasis is on submarine use.
I have found no mention of the use of their equipment in anything other than submarines,that is the reason for my circumspection.
I think you also made the case for Caza being an aerospace contractor just because SSM did some fabrication work for aerospace contractors.
I think that the company's prospects are excellent but I see no need to over egg things.

[bullster] 22/2/2015 11:10

On the first page of the Corac website...too bad it's not in braille.:-



Aerospace & Defence

Corac provides advanced systems for atmosphere management and other applications to UK and other naval forces for use on submarines and surface ships.

[pavey ark] 22/2/2015 09:56

Have a good look at the RNS 29th may.
I have said all along that this appointment was a massive coup for Corac.
Obviously I am NOT suggesting anything underhand going on but I think this guy will be heard and Corac will get chances to tender for any suitable contracts.
The new warships COULD have the capability of battening down hatches and sailing through some pretty nasty stuff.The crew numbers are small so you could have everyone in certain operational positions and seal them in,so you would obviously need air scrubbing equipment.
I have no idea if this is the case with these new ships.

[timmbo] 22/2/2015 09:31

We will have our fingers in various pies

[goodgrief2] 22/2/2015 09:16

Not unless these new warships are submersible...

[kwizza] 22/2/2015 08:58

MoD signs £859m Type 26 warship development deal



Will Corac gain any work from these type of contracts awarded in the industry

[bullster] 21/2/2015 13:42

The recent share dealing action and it's apparent unsynchronized relation to the companies share price, has prompted me to investigate the reason.

I have concluded that, since the last quarter of '14, institutional investors are transferring Corac shares between themselves, with only the adjustment and new entrant balances, coming on the market, ie the regular 100-150,000 blocks.


Since approx. 30/09/'14 to 02/02/'15, the following ii's have increased by-

Barclays Bank Plc (Private Banking) ..................7.15m
M&G Investment Management Ltd. .....................22.67m
Legal & General Investment Management Ltd. ...........15.30m
Hargreave Hale Ltd. ..................................12.85m
Walker Crips Stockbrokers Ltd. .......................11.00m



Standard Life Investments Ltd.,,,Brewin Dolphin Ltd.,,,Amati Global Investors Ltd.,,,Ignis Investment Services Ltd. and Henderson Global Investors Ltd.
Between them, hold virtually ZERO Stock now.( aprox. 52m disposal, same period )


By my calculations, the institutional investor transfers are 7 million shares to the credit side.

As the share price has changed from 3.7p to 4.25p including this period, it all makes sense to me now.

[grinley boy] 20/2/2015 15:26

Maybe things about to get more exciting?!?!

[paulgo] 20/2/2015 14:16

Online with Halifax for 10k: bid 4.175 offer 4.5. Unusual not to be able to buy well inside the offer.

[timmbo] 19/2/2015 12:17

Well it's been a very exciting year so far, long may it continue