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Since joining the company a year ago our Executive Chairman has purchased over 719k shares.
Was good to watch and listen.
Great to hear Nick say he was disappointed with the share price reaction to the H1 results.
Also the framework agreement is up and running in the UK and will be shortly in the USA.
and that lateral flow tests likely to be around for some time yet!
What is reassuring though is that Nick Sanders must have purchased around £150K - £170K of shares of the last 18 months and to my knowledge he’s not sold any, even when the price has ridden high.
… I actually made another purchase yesterday myself but unfortunately for me my buy was closer in quantity to the 20K purchase than the 197k one!!
Sorry, predictive text. Good call Beza
Great to see two directors buying again, particularly the Chairman's £50,000 purchase following his previous £50k purchase at 51.8p.
Beta called it!
...and there they are this morning. Nick Sanders buys 127,219 and Alan Hook 20,000. And why wouldn't they?
...and there they are this morning. Nick Sanders buys 127,219 and Alan Hook 20,000. And why wouldn't they?
Great point about the directors………
… plus it’ll be interesting to note if any of the directors choose to increase their personal holding in Carclo now that the closed period has passed.
T2R, I think we all share your frustration. They’ve just delivered a solid set of results, accompanied by a fairly bullish statement and indicated that they’ll slightly beat current market expectations and the shares have dropped! If you believe the trading volumes here then it’s because (potentially) an institution is unloading shares.
The answer is 42. Your question should really be: "if others aren't valuing the company as I do, after such impressive results, then is it cheap in the current economic climate?"
I've countless other small-cap shares in the same boat. No conspiracy. With more good results next year it may look like a potential takeover target. I still own 0.4% of the company and intend to wait until resumption of dividends, hopefully, middle or end of 2023.
Why?
Light trading?
Profit taking?
Market manipulation?
Supply chain problems?
What was in the half year results that stopped this share from rising? I thought the results were good, so what did I miss?
Found on Alliance News. Need to be a subscriber to get the rest. I'm not...
Peel Hunt have apparently raised their share price target to 65p. Their increased forecasts are now 4.4p EPS and £4.1m PBT.
These forecasts seem pretty conservative - CAR have achieved 57% of this year's EPS forecast and 56% of the forecast PBT in H1. Even with slightly lower H2 margins one would anticipate the growth in the business giving a very good chance of beating expectations for the full year.
At least their 65p target gives decent 50% or so upside from here.
"Will miss the presentation at 12.30 but hoping to watch this evening."
It's next Wednesday 24th!
Better than nice in my opinion.
Pension deficit reduction is huge and this is without taking new mortality tables into account.
We should now see a steady rise in the share price to a more realistic level.
Will miss the presentation at 12.30 but hoping to watch this evening.
The presentation is Next Wednesday 24th @ 12:30
A lot of the questions I'd like to ask are forward facing which I believe they can't answer!
I'm really surprised the share price hasn't rocketed today, I'd have expected 15-20% rise without the pension news and another increase of similar on the pension news.
https://www.investormeetcompany.com/carclo-plc/register-investor
Interim results investor presentation + q&a.
12.30 today - may be worth a view!
I like the volume of tooling work, alot of it will have been done last year but only recognised this period - also chance to secure better (healthy) rates for the manufacturing follow-on contracts.
Looks good for the future, turnover & margin.
Importantly as well an improvement on the H1 2020 results all round……more in control now it seems
Excellent H1 results - and most importantly the outlook is rosy too with full year trading expected to be slightly ahead of expectations.
Aerospace continues to keep its head above water, whilst CTP is roaring ahead with terrific prospects arising from global expansion, particularly in Asia.
Plus borrowings and pensions are moving nicely in the right direction.
CAR now - at last - has the feeling of a company which is moving forward fast but with a solid and risk-averse strategy.
Really fantastic transformation of the company. Most impressive is the reduction in pension liability- certainly no longer a noose around the company’s neck.
Very impressed gla