The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
1200p on the bid has arrived. Churchill sure is fighting em on the beaches these days. Very strong buying in the last few days so it will be interesting to see where it will stop. Very tempted to cash in having being a buyer since 870p.
as Investors with not too much or their plate tuck in. The company has a stronger second half so as we move into a critical trading period it is good to see a pattern of rises emerge.
full ask of 26k of shares. The Brexit cloud is a nuisance here but the business is performing well outwith that distraction.
Portmeirion (PMP) results today should point to a good showing here at the interims end of August for CHH.
although selling in a different area and not nearly so seasonal, both have relatively high fixed costs and are currently benefitting from the weaker currency.
CHH recent trading update pointed to higher sales than expected in Europe - look at PMP's sales increase of 11.5% that meant profits nearly 30% up, and indeed CHH's full yr revenue rise of 5% giving a 15% profit increase. For some years this share had a steady increase but seems far more volatile of late, but a share high of £12.50 last January and £11.70 back in Feb 2017 with lows down to £8 - Although no expert chartist - if you follow the old 'steady' trend the line is that this should be around £12 now.
Don't think Brexit is such a worry her either - not a perishable item & currency is more important than any movements of taxes unless they are draconian + a growing spread of sales around the world. This success is key to take the place of pressure on overexpansion in the uk's eating out market.
Yes I suppose investors have other things on their plate. Maybe the trade wars between the US and the Other type of China has spooked investors but as today's update has shown this one is really performing well. One of the top risers today so definitely has left its print on the market. Got to be worth at least 1200p so I am a buyer up to that level.
See today's results - very good again - goodness knows why more folk not invested here
See today's results - very good again - goodness knows why more folk not invested here
Not just my opinion - I have bought over the years - but also opinion of Interactive Investor. Good results, sales going up particularly to China and India - and domestically. A well established family firm and serial award winner for innovation. What not to like? http://www.iii.co.uk/articles/502576/churchill-china%3A-one-buy-and-hold-investors
Back to November Falling Knife - becoming a screaming buy again. Don't know if it's the difficult UK restaurant market or Brexit - but the results answered the question with good export rise covering uk fall and cash now up to �15m (circa �1.40 of the share price) + stated good start to this year. It only has some 10m shares in issue so prone to larger swings - but I think this looks overdone by circa �2 now.
Shame about the dreadful price spread to reduce liquidity even further. It got up to 1270 buy / 1190 sell at one stage. I don't normally mind as you find that putting in a potential buy/sell it comes up with a much closer figure. However here, don't know about others, but TD/Interactive say they can only indicate the price as shown and will have to go to market on your instruction = no chance to make an informed choice and the actual price I did get was 10p improved = 5%+ spread - I suppose it stops short term traders?!
How far this has fallen. It has got to be a screaming buy now. Timing is always difficult but surely the bottom is very near indeed.
on the ask now. A very solid share where any meaningful falls are unwarranted. It is doing well ina tough retail environment. It's global reach insulates it to some extent.
Really solid results FX beneficiary Doing the right things in terms of investment in the business Will reinvest that dividend in due course and buy some more now although the drift down after the last figures shows this can be illiquid so patience required to accumulate a decent long term holding
Very pleasing update today. Companies like Churchill really are my cup of tea. A 33% rise in operating profits and strong momentum really puts everything on a plate for investors. I am almost bowled over by today's results as the company has a track record of improvemnt over many years and yet exceeds expectations. A 17% rise in the divi means investors need to shell out decent wedge would they want to be part of this. A 5% today is certainly no crock and after reaching highs and then a steep fall I think I can see a bowl formation appearing in the charts. This is tightly held so I would expect to see £11 in short order or perhaps onto £12 to make new highs. I would like to raise a toast to Chruchill.
This is as Mr Badexample says "a well managed family company" for the long term. Certainly that is why I invested in it. Why then as the £ collapses which should help this company's trading in China and India are my pounds disappeearing. Down over 100 points in recent weeks. Can anyone explain please
after hovering for ages. Funny thing is that after results I put a buy limit at 1065p which was never filled. Happy to pay 949p today as I think this was oversold. Lots of renewed buying has helped so I am hopeful it isn't a false bounce which will wither away. Anyway delighted to get on board here, me ole china!
since results but must be good value if you can catch the bottom. Solid trading update and good prospects but coming under pressure from sellers selling down from all time highs.
In summary : A well managed family company run for the long term FX beneficiary as well Good momentum in the business
The recent interim results noted that more than 50% of sales are now overseas so although it's sometimes tricky to assess all the nuances of FX hedging impacts this should be ticking along nicely with the further adjustment in sterling Sensibly managed Reinvesting steadily in the business Family involvement supports positive dividend policy and longer term perspective Positive tailwind from growth in hospitality markets globally Not cheap but one to tuck away
Recs this weekend by Midas share tips.
RNS Number : 3356X CHURCHILL CHINA Plc ("Churchill China" or the "Company") FULL YEAR TRADING UPDATE Churchill China plc (AIM: CHH) the manufacturer and global distributor of ceramic and related products to hospitality and retail markets, provides the following trading update for the year to 31 December 2013. Following a strong performance in November and December from the Company's Hospitality business, the Board expects that its operating performance for the year will be significantly ahead of 2012 and will exceed current market expectations. The Company intends to announce its preliminary results for the year ended 31 December 2013 on 27 March 2014.
Prospects ............. We continue to expect a good second half year for our Hospitality business despite lower levels of new installations when compared to the significant contracts secured in the Middle East in 2011. We expect our growth to come from our core business and returns on investments made earlier in the year. We have confidence our Retail turnaround strategy is working and that the improvement it will be sustainable.
On prospects Jonathan Sparey, Chairman said: "Churchill China has delivered a healthy set of results in the first half of 2012 despite anaemic economic conditions in all of its major geographical markets. We do not anticipate any improvement in these macro-economic conditions in the second half but are confident of continued measured progress based on the robustness of our business model."
INTERIM RESULTS For the six months ended 30 June 2012 Churchill China plc (AIM: CHH), the manufacturer and global distributor of ceramic and related products to hospitality and retail markets is pleased to announce its interim results for the six months ended 30 June 2012. Key Points: · Group revenue for the six months to 30 June 2012 was £19.2m (2011: £19.2m). · Profit before tax up 22% at £0.8m (2011: £0.7m) · Basic earnings per share up 25% to 5.9p (2011: 4.7p) · Cash balances of £4.3m (30 June 2011: £4.0m) · Maintained interim dividend of 4.8p (2011: 4.8p) · Strong performance in UK Hospitality with sales up 8% to £13.9m (2011: £12.9m) · Operating profit in Retail business doubled to £0.4m (2011: £0.2m) · New website: www.churchill1795.com