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I was a national-newspaper journalist for many years; I suspect Chat GPT has emulated my writing style rather than the obverse. Perhaps a better strategy than to go public myself would be to seek royalties from OpenAI for basing its large-language models on my IP. Seems to have worked for Getty and the AI-image engines...
You're writing style has an AI quality about it.
Perhaps you should float yourse6on AIM - you could be the next big thing!
Kind regards
Harry
Thanks for your interest, Harry, but, no, I did not use Chat GPT. Slightly peculiar question though. May I ask why you ask?
Some intetesting points.
May I ask did you use Chat GPT to help write the piece?
Wise move, because that price was preposterous. I'm content with the size of my holding and won't add more but I haven't been shaken by recent prices either - this is a long-term hold for me. I also think you're right about China, Norfolkian. Speak to any market commentator with geopolitical insight and they say China is uninvestable. The friendshoring/nearshoring/onshoring paradigm has created an exodus of good companies out of China. Not least because China's intrusive recent Counter-Espionage Law essentially risks making criminals of all foreign nationals there. It's lunacy to continue operating from that part of the world because it is entirely incompatible with good corporate governance - reporting on what goes on in your Chinese factories/outlets has now effectively become a criminal offence!
I read your post last year about drone production and it certainly piqued my interest. Beneficial if it comes to play although it will impact the operation in China (which I think they will have to phase out in the coming years ). I’ve still been topping up over the past year at this ridiculously low price - last week it was at the same 6p price after the covid crash (and then went to 60p at tops).
Although light on details, we can read between the lines of that Trading Statement. On 20th January last year I posted the following on this board:
"...There could be a tremendous amount of growth around the corner for Carclo with just a little bit of a pivot in what it does. Carclo has been active in the aerospace sector for 100 years. Its specialism there is, inter alia, applying technical plastics to electronic components and aerofoil blading.
"Now consider this. The war in Ukraine has demonstrated one thing more than any other: the value of drones. Small, cheap drones and thousands of them. Currently these are sourced from China, which is hardly a reliable partner in a major defence-procurement exercise.
"I would guess that, through a tweak of its existing capabilities, Carclo could quickly be in a position to deliver cheaply mass-produced, British-made drones to the MoD and other NATO partners, whether directly or as commissioned by a major defence contractor.
"I am a humble retail investor with no inside knowledge whatsoever, but if management are not actively exploring this potential already, then they are letting shareholders down."
Now maybe I'm getting overexcited, but I see something in this when Carclo say in the Trading Statement: "The growth of our Aerospace division is sustained by our focus on specialist precision solutions that elevate our competitive position... Our advanced precision technology capitalizes on emerging opportunities in revitalizing markets, while easing supply chain constraints boosts our progress.
"Looking ahead, we are planning investments to diversify our product range at both operational sites. This initiative is designed to capitalise on evolving market dynamics within the aerospace industry, ensuring that Carclo stays at the forefront of technological advancements and market demand."
The fact that they have not explicitly said what these "evolving market dynamics" and "market demand" are does not dissuade me. In fact, this oblique reference reinforces my notion that this is to satisfy the enormous future military demand for drones. Because to openly state that Carclo is at the forefront of drone technology would be folly in the extreme, not least because it would make military targets of Carclo facilities in the event of a future war.
But this is very, very exciting to me. If I am right, then the £30m debt pile will be incidental. I believe that addressing this market (alongside Carclo's other interests, which similarly serve future market trends, e.g. the demongraphically driven medical sector) would see this share explode into the three figures in due course. I'm certainly holding up to 200p and beyond.