Plastics Capital Share Discussion Threads

[thebootster] 17/8/2018 07:29

Curious to know why investors continue to hold this share. No dividend and no growth in the SP

[danieldanj] 01/7/2018 14:58

Plastics Capital (PLA) Earnings-Reaction to Keep an Eye

[glennborthwick] 01/3/2018 08:25

strange wording

are they not expecting to make up the difference
or at they not expecting to not make up the difference

[charo] 03/7/2017 07:46

B.S. results

[cerrito] 26/5/2017 08:24

Good that they were able to get this away at this price and depending on when they buy the US$ good that they are taking advantage of the relative strength of the pound.
That said rather irritated not only are they breaking one of the cardinal rules of corporate finance by cutting the dividend when they are saying business going well but also gives the impression of inconsistency

[cerrito] 02/5/2017 13:49

I see share price down a bit today which I suppose is understandable given the use of the word broadly in terms of meeting market expectations. I see that Digital Look has forecast PBT of £4.6m for year ending 3/17 which of course would be a big step up from the £1.1m of the year ending 3/16.
I am comfortable with my holding and at the current price do not see myself buying or selling; the general tome was positive and they are doing with Palagan what needs to be done.

[sharesoc] 25/2/2017 16:45

Plastics Capital present at our next London seminar on the 8th March, may be of interest:

[sharesevents] 19/1/2017 15:11

Promotional post - The Growth and Innovation Forum will show you how to take advantage of new investment opportunities in technology stocks and funds. Come and see Nick Ball, Group FD - Plastics Capital and 20 other companies present at the Growth and Innovation Forum on 31st January 2017 at Business Design Centre London. Find the next stock market ‘winner’. Satellite Solutions Worldwide +79%, CyanConnode +43%, Instem + 44%, Summit Therapeutics +32% and XLMedia +46% all attended last year. Click to register to attend for free

The other companies also presenting Jaywing, RedstoneConnect, Blancco Technology Group, CloudCall, Frontier IP Group, CyanConnode, Bango, LoopUp, CityFibre, TP Group, AJ Bell, ANGLE, Legal & General UK Alpha Trust, Defenx, Instem, WANdisco, Collagen Solutions, Avacta, One pm Finance, Cenkos Securities and Mirada.

[cerrito] 10/12/2016 15:33

Been busy this week so could not go to Monday presentation-did anyone go?
Also only now have had the chance to look at figures and for life of me cannot understand what they have done in the cash flow where the figures for cash flow from financing activities do not add up and do not understand what they have done with changes in cash…does anyone understand?
Good that they appear confident and refreshing to have no comment on Brexit. In the last FY 44% of sales were ex UK and Asia and North America combined just under a quarter so geographic diversity pretty good.
As they say they have put the foot on the gas in terms of capex-£1.9m in the last semester not far short of the £2.3m for the full 2015/16 FY.
My heart sunk when I saw the discussion of acquisitions but calmed down a bit when I saw none likely in the next 12 months.
Need to watch leverage..OK for now. Incidentally they are very sloppy. In these interims they say they increased the Barclays facilities by £4m and on July 4th they said the increase was £6m. Is that how you all see it?
I did lighten up earlier this week when the price got to 120p and will keep under review.

[cerrito] 18/7/2016 21:34

a very good question Charo; I can only assume it is not deemed insider trading as the director in question is not going to blot his copybook by doing something that breaks the wording of the regulation and would I am sure be reluctant to do something that breaks the spirit.
That said I do not understand why he was allowed to buy here when he is not allowed to buy in the closed period up to results-especially as a reading of the RNS suggests it was a v good deal for PLA and hence the share price increase. However I have enough other things going on that I do not have the time at the moment but appreciate the views of others.
I assume Synpac imports a good deal given comment on how £ deval will hit trading margins.

[charo] 18/7/2016 08:03

insider dealing ?????

[cerrito] 14/7/2016 21:40

Good to see a decent buy by a well respected NED today.
davidosh,I have never made it to an AGM-the location is a bit off the beaten track-but as I have been increasing my holding I was thinking about it. However my reading of a 9am start is do not bother to come.
Yes I would be more likely at a more agreeable time and a place with better public transport links...though they are of course regular attendees at Investor conferences.

[dice1950] 12/7/2016 20:37

!YOUTUBEVIDEO:OMVWh2siIvE:
Specialist manufacturer Plastics Capital (AIM: PLA) has released an encouraging set of results and is looking to move into expansion mode. With 45 per cent of sales exported from the UK, the recent devaluation of sterling will be a help. Management also feels that the business is now on a stable footing after encountering tough conditions in the resources sector and emerging markets during recent periods.



SMALL CAP IDEAS: Plastics Capital seems fantastically defensive, with Brexit export boost seen feeding through to bottom line

PUBLISHED: 14:59, 11 July 2016 |

Read more:


Plastics Capital PLC | Plastics Products Manufacturer

[davidosh] 07/7/2016 09:29

Calling all budding James Bond Wannabes......the Plastics Capital Agm will be held at the offices of Plastics Capital, London Heliport, Bridges Court Road, London, SW11 3BE on 29 July 2016 at 09.00am.......In 2013 it was at their old HQ at 11am then last year they moved to 10am and NOW will be at the Heliport at 9am so I have to leave home before dawn to get there away from rush hour or arrive by helicopter maybe !!

Anyone going to attend this year ?

Are you more likely to attend if they provided a presentation, Q&A and started it at 11am or 2pm and had it in Central London at the broker or PR company offices ?

Do companies not want to engage with shareholders and investors generally.

[dice1950] 06/7/2016 14:24

Plastics looking to expand



Specialist manufacturer Plastics Capital (AIM: PLA) has released an encouraging set of results and is looking to move into expansion mode. With 45 per cent of sales exported from the UK, the recent devaluation of sterling will be a help. Management also feels that the business is now on a stable footing after encountering tough conditions in the resources sector and emerging markets during recent periods.

[cerrito] 04/7/2016 11:47

Had a quick look at the results.
I got in into my head that a few months back the market expectations for 15/16 full year were for a pretax of £4.3m and obviously they missed that by a country mile. Gross profit in the seasonally stronger second half did go up from £7.5m to £9.3m between H1 and H2 but it took income tax credits to make H2 Post Tax profit the same as H1.
Net cash from operations in H2 was strong at £3m almost double the increased capex.
Note that dividends paid last year greater than post tax profit which explains the reduction in retained earnings. An interesting decision to increase dividend given references to capex in the report and comment on both macro uncertainties but also micro uncertainties of customers delaying orders.
One thing on the balance sheet which I cannot remember having focused in on before is that intangible assets are approx. 85% of book net worth and so will deserve scrutiny when the annual report comes out.
No comment on Brexit..I see that last year’s annual report had just under half sales in UK over a quarter in Europe and ME and 25% ROW
Good to see fewer exceptionals in the income statement than in times past.
Good to see Flexipol has been big picture a success; do not wish to be a party pooper but note they have released a contingency in connection with the acquisition which suggests that had not et all EBITDA aspirations.
Outlook statement suggests steady as she goes and I do not see myself any great movements up or down in the share price

[cerrito] 03/5/2016 12:02

This morning’s share price increase appears well justified; my understanding of market expectations is for full year pre tax of £4.3m which would suggest a second half pre tax of £2.8m given the first half performance of £1.5m
To me this is good even allowing for the increased seasonality given the Christmas peak in sales of the Films Division and timing of mandrels ordering patterns…and indeed for the variability of PLA’s accounting policy.

[simon templar qc] 16/1/2016 19:32

High yield share price erosion.

With the benefit of hindsight the company may have been better paying less dividends and not going for a placing.

The institutions now suffering a loss on the placement the yield hasn't made up the shortfall.

ECM and PFL although distributors have suffered a similar fate albeit they have high borrowings. The high yields has not prevented a share price erosion.

My change of stance here was the disappointing update on the acquisition I expected the acquisition to be earnings enhancing and taking into account higher overheads I don't think it has been. More shares in issue have diluted my expectations. Fortunately I sold out with a profit on day of results.

[simon templar qc] 15/12/2015 16:08

Both Octopus Holdings and Hargreaves Hale reduce their holdings after the results. Lack of confidence? Or are they thinking like me the earnings on the last acquisition not as expected?

[simon templar qc] 10/12/2015 23:11

Yes I did listen to it earlier. Nothing new however and there couldn't be as the CEO would be giving privileged information to selected shareholders.

Unfortunately he has given me no reason to buy in quick despite the reasonable dividend yield. There is little point having a dividend with no growth in the share price!

There are too many numbers in the accounts its all too muddy. In actual fact at the interim stage its virtually impossible from my reading of the accounts to be able to extract whether or not the acquisition they made last year has been earning enhancing as overheads have gone up substantially.

I don't actually see that much growth in the last 5 years, if any at all never mind the last 12 months.

The share price speaks for itself I see more downside risks.