Tp Share Discussion Threads

[paul the octopus] 19/4/2016 12:43

so cute everyone posting here todaymaybe the numbers of posts indicates somethinghonest word mentioned today was "pinch of salt" indeeeeed :)

[the prophet] 19/4/2016 12:38

ricardo

here's the list of institutional holders, not a bad list for a tiddler



I should think most of them are heavily under-water, M&G were responsible for cartmell coming in and led a couple, from memory, of the fund-raisings. I pretty sure they went in heavy on the 15p one, so it's been a disaster for them. Still, least it's not their own money they are loosing, but I cant see them chucking any more at it.

[ricardo125] 19/4/2016 12:23

The only thing i can see pushing the share price up would be the funds buying more. I personally dont think fund managers generally verage down. Any thoughts on that one. Otherwise i can only see pi's selling out and pushing the stock down.

[the prophet] 19/4/2016 12:21

Too right sn, I think you can trust those guys on the committee to do the right thing! I'm sure the fact they were appointed by clever Phil won't make any difference to their impartiality.

Remuneration committee
Members:

Andrew McCree (Chairman)

Richard King
Responsibilities:

The remuneration committee is responsible for determining, within agreed terms of reference, the policy for the remuneration of the Executive Directors. The committee is also responsible for determining the individual remuneration packages for Executive Directors, the level and terms of grants of options and awards and the terms of any performance conditions to apply to the exercise of such options and awards, pension rights and other benefits. Where the remuneration committee considers it appropriate, the committee will also make recommendations in relation to the remuneration of senior management.

[timojelly] 19/4/2016 12:18

Good luck with what ever price you lot want in on. I personally don't give a f. Chow

[supernumerary] 19/4/2016 12:16

tp - spot on with the acquisition - exactly my conclusion, although I don't see how he can possibly raise yet more money - more likely to be a tiddly bolt-on like Shaw paid from cash.

Still, the remuneration committee will make sure he doesn't benefit from merely spending money. Won't they?

[the prophet] 19/4/2016 12:14

why are you bothered?.....

[timojelly] 19/4/2016 12:14

Why do people care so much

[the prophet] 19/4/2016 12:13

ricardo
you will probably find directors renumeration in the full annual report, which won't be out for a few months.
be interesting to see what clever Phil raked in.
Unfortunately we will have to wait till the next AR, how convenient, to see how much Crawford was paid off.

[ricardo125] 19/4/2016 12:09

Anyone for 2p lol like it..Employee numbers at Corac cannot be found now as they are in with the rest. Also could not find directors renumeration it seemed to be lumped in with employees.

[supernumerary] 19/4/2016 11:57

tp - regarding the useless verbiage, I particularly liked this bit at the end:

'The Group will continue to explore opportunities to add capability and value. Affordable scale opportunities will be qualified to meet suitability tests that demonstrate consistency with the Group's specialist engineering theme with products or services in adjacent spaces to our existing offerings and which can be reasonably linked into a connected proposition. Examples may include:

-- electronic control systems, sensors & actuators - technologies and systems to work alongside our existing motors and generators to deliver larger system scope in-house

-- national security technologies - extending the scope of our Defence systems and services into adjacent areas

-- simulation, emulation and virtual systems - extending existing analysis, design and modelling capability with software tools

-- outsourcing engineering services - extending the footprint of our managed services proposition with similar services in new markets

Suitable companies will have relationships that allow us to widen our presence into new markets, may offer vertical integration to improve delivery margins and have the potential to add immediate or short term value to the Group.'

---------

Everybody sing along with Abba and Cartmell:

I have a dream, a song to sing
To help me cope, with anything
If you see the wonder, of a fairy tale
You can take the future, even if you fail
I believe in angels, something good in everything I see
I believe in angels
When I know the time is right for me
I'll cross the stream, I have a dream
I have a dream, a fantasy

[ricardo125] 19/4/2016 11:56

As opposed to the bear case at the moment.

[ricardo125] 19/4/2016 11:55

Waiting for PA to come roaring back from the hills with the bull case.

[the prophet] 19/4/2016 11:52

it don't need any help, timojelly, umpteen years of underperformance has done that.
Remind me what the forecasts are for this year, Sharescope has it down for a slight loss, no doubt that will be called 'transformational' by the time it appears in print.

[timojelly] 19/4/2016 11:49

Suitably bashed by all. Cest la ve.

[ricardo125] 19/4/2016 11:44

Yes long wait, thin gruel etc.TPG - The Profitable Group. Profitable for some of them not for shareholders though.Can see the share price crashing back down to 2p today.Deferred projects no surprise. I often wonder what the staff do and the top directors do on a day to day level at the old corac.

[supernumerary] 19/4/2016 11:30

Revenue down, cash down, forward order book well down. And that was just the first paragraph! Plus ça change...

Looks like he's killing R&D to save costs (unless he can get a grant for it), and there's nothing coming through in the way of new business (energy projects deferred, 5 (count them!) micro turbines (probably sold cheap)), which means he's left with the strategic plan of trying to screw a few more pennies out of the stuff he bought. In another sign of struggle, it looks like product sales are languishing so he's trying to move to more service revenues. But then who in the sector isn't?

I think holders can look forward to a long wait with only thin gruel to feed them along the way.

PS I asked after the last results about the deferred energy projects, but nobody seemed interested. Any further thoughts?

[ricardo125] 19/4/2016 11:10

I agree kiwihope but there is also the extra big bucks needed to keep the guys at the top happy each year which weighs upon the submarine business and the non profitable as always corac. Expect break even next year and thats it unless something dramatic happens. Will be surprised to ever see 5p+ again.

[kiwihope] 19/4/2016 11:03

I don't think there is much of a "turnaround" here. The submarine and heat exchanger businesses were making £3M EBITDA when they were purchased. They are not much different now. All that's happened is Cartmell has now wound down the original Corac R & D. This is reducing the losses and allowing the acquisitions to come through. I'm not saying it was the wrong decision ... it's very pragmatic and the old Corac was given many years to try and succeed. But I wouldn't call this as a classic turnaround.

[chorister] 19/4/2016 10:53

Looks to me like an OK turnaround story, more or less in track and financially conservative, except that I am a bit disappointed at the forward order book declining.

[the prophet] 19/4/2016 10:39

looks as dull as ditch-water, a rag-tag of disparate businesses struggling to break-even, clever ol' Cartmell! Talking of which be interesting to see what he picked up over the last year once the AR is out, the only 'clever' thing the guy has done is pay himself a small fortune. Wonder if there are any bonuses going this year?.....