Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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very confusing
you have half the revenue and half the profits of wincanton yet your market cap is 100% higher than them!???
The market often looks beyond the current numbers. Perhaps the market sees better growth potential in Clipper than it does in Wincanton. Who knows?
https://www.gov.uk/government/news/huge-increase-in-uk-personal-protective-equipment-production
Good news for Clipper and the PPE distribution contract.
Boohoo trading update tomorrow, PLT hopefully will be firing on all cylinders.
Lots of social media activity from Clipper staff, stating they’ve been at peak levels for 6months and expect a peak peak in November.
Yodel looking to hire thousands of new staff, Clipper work along side Yodel with transportation so hopefully we see some run through activity.
Come on £5+!!!
Nice to see another rise today. Not sure what caused the spike to 527p today. Is there some big positive news in the pipeline for Clipper?
Thanks Delhi. If they offer something that reflects the company’s growth potential, I might be interested. At the moment, any offer below £6.50 would not get my interest (nor that of the major holders I suspect).
https://www.retailgazette.co.uk/blog/2020/10/halfords-remains-cautious-despite-raising-profit-guidance/
Halford Cycling Sales up 46%...good news for Clipper & the Halfords Daventry facility.
https://www.365retail.co.uk/ebay-extends-partnership-with-nhs-and-dhsc-to-significantly-scale-up-supply-of-free-ppe-to-health-and-social-care-organisations/
PPE out of Clipper DC’s will be increasing to circa. 200million units a week.
https://www.boohooplc.com/sites/boohoo-corp/files/all-documents/result-centre/2020/boohoo-group-plc-interim-results-presentation-fy21.pdf
Boohoo/PLT flying. Plenty of Sheffield DC investment in automation & mezzanine flooring capable of handling 900Million sales.
I wonder if Steve Parkin has been soliciting this latest round of private equity interest (as he did with Sun Capital last year) or whether the PE firms are making all the running this time. In any case, if it is not to be turned down by Clipper’s IIs (as appeared to happen last time) any PE offer will have to be substantially higher than the reported £300M last year. Hopefully we will see a bidding war this time - and an offer that is hard to refuse.
From the Times 1 Oct 20:
Clipper Logistics shares hit their highest price in more than two years amid further chatter that private equity houses are eyeing up a bid for the delivery group.
There have been a few murmurs involving Clipper in the City in recent weeks and the speculation ratcheted up a level yesterday as Bloomberg reported that several buyout funds had cast their eye over the company.
Cinven, which owns Kurt Geiger, the shoe brand, and CVC Capital Partners, the owner of Breitling watches, are said to be among those interested, although it is understood that Clipper is yet to be approached.
It is not the first time that potential suitors have run the rule over the Leeds-based company, which delivers parcels on behalf of John Lewis, Asos and others. Last year, Steve Parkin, the executive chairman who set up Clipper Logistics in 1992 with a single van, teamed up with Sun Capital, a US private equity firm, to explore a possible bid to take it private although that interest ended up going nowhere.
Mr Parkin and co were said to be weighing up a £300 million deal although any bidder would have to stump up significantly more now. The stock closed up 1.6 per cent at 487½p yesterday, valuing the business at almost £500 million. It has rallied 79 per cent this year thanks to the boom in online shopping during lockdown while it also won a government contract to distribute PPE.