Cradle Arc Share Discussion Threads

[timmbo] 04/3/2015 06:43

" Portsmouth: becomes the base for the Group's high technology build, test and assembly functions.-- The Group's technology design and development team are to be relocated to a new site just outside London, where the design team will continue to explore new applications for Corac's intellectual property."I didn't know we were in Portsmouth. CET continues outside London /pompey

[ricardo125] 03/3/2015 19:33

As i suspected and wrote about on here when they first bought HG; I suspected this from the very first moment of that announcement.

[dieseltaylor] 03/3/2015 16:00

kiwihopw = SRT is the place to be if you are cash rich.

[malcolmtalcum2] 03/3/2015 15:42

At least the infrastructure update is well written albeit full of spin, as in the sentence you have highlighted Timmbo. What hasn't changed is the lack of detail.

[the_doctor] 03/3/2015 15:28

kiwi

'the Slough Technology Centre'

if that's the fancy new place that PC spent loads on, then it would seem he was hopeful of getting something out of CET

all said, I think PC was aware of the risks of the CET projects and had the balls to come up with a back-up plan

[timmbo] 03/3/2015 15:16

Where are CET based now?

[timmbo] 03/3/2015 14:37

"The management team remains committed to delivering an improved performance year-on-year for our shareholders, and will continue to optimise our operational footprint and maximise efficiencies within the Group."Seriously! Bloody deluded, it ain't happened yet.

[timmbo] 03/3/2015 13:29

Like the title says 'orthodox UK engineer' But Cartmel says it's going to be a 'very exciting year' LolBored rigid but no choice to hold on. Thanks for that.

[kiwihope] 03/3/2015 13:02

So is that it then? With the closure of Slough all pretences at continuing with high speed compressors is over? I have now admitted to myself that I made a mistake in re-investing here 2 or 3 years ago. I thought there was a fighting chance of turning CET into something that would provide a good return. I was wrong. I wonder if Cartmell suspected this ages ago which is why he bought the two (now 3) engineering companies, as a sort of insurance policy.

I have lost 69% of my original, admittedly fairly small investment. If I needed the cash I would sell up and move on. But I'm going to hold for two reasons. Firstly I don't need the cash as I'm cash-heavy at the moment (I just don't trust this market). I also don't know what to buy in any case. Secondly I think the market value has now fallen to fair-value and is supported by the engineering companies. So there is no immediate reason to sell. So I'll hang on for as bit and see what FY results bring.

[timmbo] 03/3/2015 07:24

Seen the 'overhang' cleared before, not a lot happened then.

[qackers] 03/3/2015 00:31

Bullster re post 112. I am impressed. Well done.

[bullster] 02/3/2015 21:31

My post at #112 is more or less vindicated.

7 million share overhang, mostly, worked through, off the book, on the buy side.

[qackers] 02/3/2015 15:59

Actually 6,211,350.
Overhang cleared??

[qackers] 02/3/2015 15:58

looks like someone dropped one. Anyone here?

[the_doctor] 28/2/2015 12:10

Bullster - interesting posts

[bullster] 26/2/2015 18:00

Pavey Ark...

Forgive me if I don't rejoice over the £4m you have found me, because you have cost me £20m in losses to get it. lol.

[pavey ark] 26/2/2015 15:15

Bullster does this mean I've found you £4m of assets you didn't know about?

On a more serious note, it's hard to imagine that the bean counters in a larger defence contactor/engineer haven't spotted CRA and liked the figures they've come across.
The only problem is that Cartmell needs well over 10p to make serious money but the institutional holders (of which there are many)may be easier to please.
As usual I'm getting greedy and holding on to the fairly large amount of shares bought recently and I think my estimated get out of 10p may be a tad low.
It should be stressed I've been wrong before, often!!

[pavey ark] 25/2/2015 18:14

Been out most of the day and glad I missed that.I'm no accountant but I always assumed there was no time limit and I would not expect a loss making company to make the point that they had £16.5 of losses to set against profit if that supposed they would make £16.5m or more profit the next year.
Anyway the fact remains that this company with 2014 losses included has allowable losses of close to £20m or worth £4m in terms of saved tax.
So we have:-
A pile of cash
Losses worth £4m
A doubling of the order book
Loss making projects dropped (not to universal approval)

AND a market cap of £18m, near an all time low.

It's a fuuny old world.

[bullster] 25/2/2015 15:02

goatherd......you were correct....


A trading loss incurred by a company in any accounting period may be set off against the total taxable profits (including capital gains) of the period and against the total taxable profits of an immediately preceding period, provided the same trade was then carried on. Losses can also be carried forward indefinitely for relief against future income from the same trade. Thus, losses can be set off only against the future profit from the same trade. Considering the above, a company with several trades or businesses may be required to keep separate accounts for each trade or business. - See more at:

[bullster] 25/2/2015 12:09

Anyroadup,

Like as with capital gains tax, a £16m loss can not be pulled back completely. You are only offsetting the 20% portion, the tax rate, not the full amount of the loss.

This is how it works:-

Company makes £16m loss in year one.
Company makes £16m profit in year two.

The £16m loss exempts tax being paid on the £16m profit, £16m x 20%tax = £3.2m

£16m loss minus tax offset equals a £12.8m loss.

[goatherd] 25/2/2015 11:44

No - I don't use an accountant.

[bullster] 25/2/2015 11:39

goatherd.....you've put all your trust into your accountant...haven't you.