Cradle Arc Share Discussion Threads

[iasike] 01/6/2015 08:50

Anyone any idea how much each one is worth?

[azalea] 01/6/2015 08:43

The Phoenix is testing its wings.

[pavey ark] 01/6/2015 08:25

As I remember the deal CRA will build these and get the ball rolling with the main manufacturer.
After having built the initial batch I expect the third party (the main manufacturer) to be in a position to take over ,with the help of CRA.
This looks like a sweet deal and one that should provide a very steady income stream in royalties and consultation fees.

Just noticed the "further applications" bit.

Again,this looks very good.

[lundylou] 01/6/2015 08:18

Well done CRA/TPG.

[septblues] 01/6/2015 07:43

according to the announcement 22nd May "The name change (to TPG) will take effect from Monday 1 June 2015", and they still announce Spirax order as Corac!

[fredd] 01/6/2015 07:30

Light at the end of the kennel?

RNS Number : 7105O

Corac Group Plc

01 June 2015

1 June 2015

Corac Group plc

("Corac" or the "Company")

First commercial order received from Spirax-Sarco Limited

Corac Group (AIM: CRA), the specialist engineering group focused on the aerospace & defence and energy & process industry sectors, is pleased to announce it has today received its first commercial order from Spirax Sarco Limited ("Spirax") for its steam expander products.

This order follows the announcement of the ten year commercial agreement announced on 27 March 2015, for packaged steam products containing Corac's micro-turbines and compressors.

The initial order consists of five micro-turbine units, and an additional spares package. The units will be built at Corac's high technology assembly centre in Portsmouth for delivery in early 2016.

Phil Cartmell, Group Chief Executive, commented:

"We are very pleased to report that our agreement with Spirax has moved forward into the next phase with a commercial order. This order builds on the activities carried out over the last three years and begins the commercial exploitation of these products. We look forward to continuing to work with Spirax on this and exploring further applications of the technology."

End

[timmbo] 29/5/2015 12:00

I am a disgruntled compressor investor at 34p but also a realist...i have a target way above here but the company has changed a lot and I will probably wait until breakeven.

[pavey ark] 29/5/2015 11:31

Someone pointed out that the institutional holders have 68% of the shares in issue and they paid 10p for more eighteen months ago.
As the prospects for profitability are much higher than they were eighteen months ago it is fair to say that even with this 50% rise off the lows many would consider these shares still to be cheap.
As the institutions must have an entry point well above 10p (as will many private investors) there should be little selling or profit taking at these levels.
It would imagine that most disgruntled compressor investors have gone.

Edit: in the interests of full disclosure I had a cheeky little sale of 50k yesterday but it was mainly because my ISA account was low in cash and I like to have some handy.
These share were part of a reasonably sized top up at under 4p in February . I may consider a further partial sale but I can wait and would certainly be looking for over 10p and don't know that I'd sell many.

[bullster] 28/5/2015 18:11

The last five trades for today:-

time....price...qty.....value(£)....trade type
17:07:53 6.12 800,000 49,000.00 O (ordinary)
16:24:53 6.50 300,000 19,500.00 OK (O trade with delayed publication requested)
16:24:51 6.03 50,000 3,012.55 O
16:16:33 6.00 90,000 5,400.00 O
16:07:55 6.20 20,000 1,239.98 O

[timmbo] 28/5/2015 17:24

Some bloody big trades gone through

[malcolmtalcum2] 28/5/2015 14:47

All these buyers have perhaps been attracted by the name change??

[timmbo] 28/5/2015 14:40

Mr 100k back

[pavey ark] 28/5/2015 11:11

Looks like things are certainly moving along now.
It may be nothing more than a single institution topping up.
With c. 400m share you would have to buy over 4m to increase your holding by 1% and even if you spaced it out it would still cause a price increase.

Certainly not surprised by the buying and it may prompt others to step up especially if they intended to do so some time in the near future.

[bullster] 28/5/2015 10:17

Technology. Partnership. Group. plc.



With support from our shareholders to be confirmed by a vote at the forthcoming AGM, the Company intends to be re-registered this summer as TP Group plc. This name reflects the fundamentals of what we do and what we are - technology and partnership.

[azalea] 28/5/2015 10:12

Hmmn, is the Phoenix beginning to stir.

[timmbo] 28/5/2015 09:51

Hence a 15p target..... And then some

[pavey ark] 28/5/2015 09:44

The institutional investors were obviously behind the conditions added to the recent option revision.
These options can't be cashed unless the share price is over 15p for twenty days so a bit to go for management yet.
If the recent buying is from the institutional investors and recent buying patters certainly looked like it was, then this is a big vote of confidence in CRA, sorry TPG.
These guys would have recent ISA money so they would have cash to spend here but they did pay 10p a share eighteen months ago.

NB at 10p you get ACI plus cash and the rest for free.

[brucie5] 28/5/2015 09:44

Still better than i thought! I posted a chart for this on the BOWL bb.yesterday if anyone's interested. Yesterday's rise looked a bit ambivalent, but Pavey proved to be right to be bullish.

:)

[lfc4ever] 28/5/2015 09:40

Some difficulty understanding the bitter criticism of management here:

- can hardly be blamed for the collapse of energy prices which has put the "old" jam tomorrow promise firmly on ice;

- options not exerciseable until share price up x3 from current level- that is the sort of incentivisation I like.

[timmbo] 28/5/2015 09:35

That's why this will motor quick

[bullster] 28/5/2015 09:29

Sooner or presently, there will only be 30% of Corac stock available to private investors as the institutions, month on month have increased their interest.

If private investors should rush in to buy Corac shares, which are becoming less and less available to them, well....you can guess the near term outcome.

Supply and demand, at the thin end of the wedge.

[timmbo] 28/5/2015 09:15

Rerating underway

[nick2412] 28/5/2015 09:09

Not possible to buy online at present with just one MM on 5.75p offer so bought via IG. Share price has to hit 15p for PC to get his revised options. He hasn't done well with his options previously but I guess he can always revise this package! I have a feeling he is now in his comfort zone and they have a bit of cash to accelerate the broker forecasts via small acquisitions. It's what he does best and he's never been comfortable with CET. Still the outside chance that the BP Trinidad project might progress though.