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The new customer programmes announced in December 2020 are moving into prodction on time and to budget......quote from trading statement earlier this month.
Sounds pretty much nailed on to me, is it that important that we know exactly who the customer is, in any event it is obvious that the customer has requested confidentiality .
Time2Retire, you say that if there was a large seller then they would have got out earlier when the price was higher, but it is quite possible that the seller started feeding stock out at those higher levels but could not sell all their holding and has happily carried on selling at progressively lower levels , presumably taking the view that their average exit price will be aided by those earlier sales at the higher price.
I suspect it is Schroders that have been selling down, despite the abscence of an RNS ( which if it is them would have been obligatory by now ).
Having said that i do get the feeling that the selling is coming to an end and that the stock has a bottom in at around 35p. For that reason i have been adding to my holding these past few days.
If it’s a large seller they would have got out when the price was higher, to make a bigger profit.
The trading and share price for this stock does not make any sense. If it is being manipulated, the big question is who?
I still wish we knew who this secret contract is with, as a reassurance.
Has the contract definitely been let?
Have the quantities required been contractually placed?
If it’s a large seller would there not have been an RNS by now?
A few weeks ago we had atrading update:
1. Trading ahead of expectations for the 1st 4 months.
2. Despite headwinds trading performed strongly.
3. Order intake (visability) good.
4. Framework agreement moving into production on time and to budget.
5. Aerospace early signes of recovery, (now US opening) orders ahead of production.
6. Cash generation good and ahead of prior year. New pension initatives.
7. Share price !
Update 44p. Now 34p
where is the Logic?
No news or rumours and I don't think Carclo run their machinery off gas, so it must be a seller offloading to raise cash. The last time the sp hit this level it instantly rebounded to 45p.
Several of my small caps are acting just like crypto-currencies so I'm putting it down to an autumn market hormone in-balance. If the directors think 51p is a good price to purchase then that's good enough for me. Keep topping up at these silly prices!
… by that I mean a ‘market correction’ before they report there results in November. Hopefully the results will reassure the market that Car is a growth story.
My fear with Carclo is that if we experience an across the board ‘market correction’ this is going back to 30p
Some selling straight out the blocks this morning. Could today’s drop be attributed to the announcement over the weekend that travellers won’t have to do a lateral flow test..? I can’t think of any other reason.
The directors also said they would not be looking to raise.
Hopefully this comment from the preliminary results will reassure you about a rights issue for the pension deficit
“Three-year agreement on financing and pension contributions provides a stable platform for the business to move forward
It's a waiting game until results & news release concerning new customers...but that is what is required of a recovery stock! As long as the directors are confident (which they are, see recent buys) and profits are ploughed back into the business (which they are, see new machinery investment & hirings) then nothing to worry about much.
What would bother me is if they try to raise cash to reduce the pension deficit (via rights issue or diluting the share base).
But with or without covid the medical plastics division is onto a sure winner!
Market manipulation is a fact.
I did 3 trades today.
one small one show as a buy. Another larger one shown as a sell and in the middle of those two a somewhat larger one which has not been published yet.
And then they mark the price down........it seems all the odds are stacked one way.
Bet there were a few bits from CARCLO in that medical bag ;-)
.
From our full year results 20-21:
"As a result of CTP's reputation for delivery and quality, the division secured three new large medical customers. Two of these customers operate in the diagnostic field and the other in pharmaceuticals. Demand for new COVID products was high and is expected to remain so for some time, whilst demand for some non-COVID medical products reduced as a result of treatments being delayed."
Not only did we win 3 NEW CUSTOMERS but we will shortly be back on track as the non covid catchup gets underway.
certainly looks that way spactec. All above the bid. If they were sells we would be in the 30s now.
Let's hope it continues for sure.
Some big buys today let's hope it continues
On this occasion I think they are referring to something else Perkylad.
They are restricted where funds are physically invested. I can only think it is something to do with reducing the numbers in the scheme. The way these schemes calculate long term liabilities allows them to offer very generous terms to members who want to switch out.
Not only can this offer improved/more targeted benefits to the member it may well disproportionately reduce the schemes long term liabilities.
For example, a defined benefit scheme is indexed linked and provides for a surviving spouses pension. this assumes the member has a spouse and that they don't have their own pension. The company may be able to offer these members a generous transfer to another scheme (drawdown pension perhaps) where the member can get more suitable benefits at a much lower cost and pocket and surplus cash (Subject to pension rules) The company will benefit as the cost of the transfer out can be considerably less that the provisions it has to make to provide them when the member retires.
Bit of a fistful on a Friday evening, just my opinion and may be well of the mark.
If the pension deficit improvement doesn't come from increased contributions then maybe they're hoping for a better performance of the underlying assets. I know nothing about pensions but note a growing tendency for schemes to outsource pension managment to specialist companies that offer improved performance.
Agreed. I take some comfort here from the fact that the board, particularly Nick have bought a fair few shares over the past 12 months or so. In fact, on their most recent purchase they are about 17% down…
Personally i hope that there is not a fund raise, i am getting fed up wih seeing shares in small companies being sold off aggressively followed by a fund raise at a ludricously low price, with the same individuals who were behind the selling then being allowed to rebuild their positions at that low price. And the Stock Exchange does diddly squat !
… which is what I recall, from the investor presentation I believe but perhaps the talk about plugging the gap in the pension early and talking with the lenders has led investors to speculate.