Chamberlin & Hill Share Price (CMH)

Shares of engineering firm Chamberlin sank after it warned pre-tax profits are expected to come in below current market forecasts for the full year as market conditions in several of is sectors softened materially. "At half year results, we reported that there were uncertainties to the general economic outlook in 2013. Since then, market conditions for our foundry operations have materially softened and activity in several of our sectors has reduced, which has resulted in customers reducing orders or deferring them to a later date," it explained in a company statement. It added that notwithstanding the difficult conditions, the group remains cash generative and well placed operationally. Chamberlin said its focus on developing customer relationships in both new and existing sectors remains and is progressing well and it continues to view medium term prospects positively.

Chamberlin (CMH) Director name: Mr Keith Butler-Wheelhouse Amount purchased: 14,500 @ 168.50p Value: £24,432

Top Director Buys Chamberlin (CMH) Director name: Mr Keith Butler-Wheelhouse Amount purchased: 30,000 @ 168.51p Value: £50,553

Castings and engineering group Chamberlin announced on Monday that its Chairman has topped up his stake in the company twice over the couple of weeks. Keith Butler-Wheelhouse acquired a total of 44,500 Chamberlin ordinary shares through his family trust, BW Family Limited (BWFL), representing 0.56% of the total voting rights of the company. The two transactions cost the trust nearly £75,000. BWFL bought 30,000 shares on November 19th at a price of 168.5083p each for £50,5533, then on November 29th the trust purchased a further 14,500 shares at 168.5p a pop for £24,432. The transactions take Butler-Wheelhouse's total interest in Chamberlin to 0.74% of the total voting rights of the company. Two days before the latter purchase, Chamberlin reported its interim results, in which it revealed an 11% increase in underlying operating profit to £0.93m.

It just goes to show that sometimes you can overanalyse. However I don't think you bought a dud and just by being a good solid Co with reasonable growth potential I see this share giving a modest return over 6-12 months GL

HI mate. sorry i have take so long to reply. I did not check on here for a while and didn't notice your comments. The PEG factor does sometimes bemuse me. But then again the whole P/E ratio does too. I generally use them as a guide only and set much more checks to see how i get on. The 6 month out today is a slight improvement but nothing major to get excited about. Their outlook does state a slow start to next year, so I think this share price may have run out of steam. We shall see. I shall see how today and the next few weeks hold, to collect the dividend. I only have 1627 shares holding but to me i like a low figure with a view to averaging UP if results are good. It turns out I calculated the future PE correctly at 10.25! but yes you were correct on the PEG. I now have it at 1.83 tho, which now states over value. However everything else is ok for now. I shall hold and see.