Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks. Not getting back in here yet - still not convinced that the signs are right; too volatile for no obvious reason. I will be keeping an eye on it. ARL seems to be stuttering again. From my experience it tends to behave like that; expected in such a new technology perhaps. I will be watching that one closely too. All the best. DK
Cracking post DALEKID! Recommended and thanks for taking the time to research.
Had a quick look at Mondi - they issued an update identifying concern regarding meeting their profit target. On slightly deeper inspection, this looks to be primarily due to currency exchange rates, although, like CRPR they also mention material prices. The drop in share price looks similar with both companies (sector contagion!) , but Mondi is not really recovering. I think the CRPR update has sorted things out here for now and this company has diversified quite a lot over recent years (I really like the coffee cup recycling initiative). Don't really know whether or not the exchange rate has much impact here without further digging. No time at the mo, but may have a look later. At present still intent on getting back in sooner as opposed to later. All the Best. DK
Hi Falling, fancy meeting you here! I thought that I was destined to talk to myself. No big issues with this one really, recovering nicely and I think that it will continue (based on previous characteristics!). I was a bit lucky selling when I did as it is difficult to judge this one's behaviour, not least of all as the normal volume is so low. Not familiar with mondi, (will have a look) but it seems that increasing cost of raw material for paper production is an issue. No funds to get back in at the moment (stuck in the higher risk part of my portfolio!) but hope to do so well before the interims in November. I see that GRG still going along OK. Got a few in JE. as well and they seem ok. Hope you are doing well with yours. Regards, DK
Nice to see you here. I think this is bouncing back strongly today. Do you still plan to buy back in? Good call on your �18 sell. Didn't Mondi have poor results. I wonder is there a read across there?
Very good update today. Somebody in the Co. obviously paying attention to the share price. Await the November Interim figures with interest. Will probably get back in soon. DK
Despite some research I cannot fathom why the sudden and substantial drop. Sold my small investment at just over �18 with a 5% profit, so rather pleased that I acted quickly. I will have another look at this in a few days time, as it could be a good time to get back in. Fundamentals still very good. No company announcement due, but maybe one will appear following the sp drop??? DK
Clearly not! The news regarding the coffee cup recycling project with Selfridges looks to be an excellent opening to enlarge this part of the CRPR business. Recent national news items have highlighted the waste associated with disposing of coffee cups. Personally, I see little attraction in sitting outside a coffee shop drinking coffee from a "paper" cup having just paid a vastly inflated price compared to making it home. However, I am in a significant minority who hold this view as many millions of cups are chucked every day. I think that I will be investing more in this company. DK
Is there anyone out there? Invested a little here about a month ago when I had some funds come available. I had been observing for many months before that, but was indecisive! Nothing new there! Seems to have stagnated for a while now, but remaining patient and all indications remain good for a positive break out in the near future (IMO). Anyone got any other views? DK
crackin' sp performance
Excellent again. Can see these pushing to £6 in another year or two. Still in here jolly on a free carry?
'James Cropper (CRPR), the speciality paper firm which provides the material for Remembrance Day poppies, has just doubled half-year adjusted pre-tax profit. New products, cost-cutting and capital investment underpin bullish growth forecasts, says Westhouse. Average annual forecast EPS growth of 28% over the next three years appears not to be reflected in a forward earnings multiple of 12, dropping to just 9.3 in 2015.' Headline sounds better than it actually is. Trading profit after interest is up £600k to £1.2m but based on £40m revenue... Dividend announced same as last year 2.2p At 27 September 2014 gross drawn down loans and leases total £9.8m with £1.6 million held as cash at bank. The Group has un-drawn overdraft facilities of £3.5 million, US$1.0 million and €1.0 million. Pension scheme looks bloated - "The Group operates two funded pension schemes providing defined benefits for just over 40% of its employees. The IAS19 valuations of these schemes as at 27 Sept 2014 revealed a combined deficit of £12,415,000, compared with £11,640,000 at 29 March 2014, an increase of £775,000. The primary reason for the increase in the schemes' liabilities is the discount rate of 4.10% used at Sept 2014 compared to 4.50% at March 2014. In April 2011, future increases in pensionable pay were capped at a maximum of 2% per annum. At this time the combined deficit, net of deferred tax, was £1,039,000. At September 2014 this has increased by £8,893,000 to a combined deficit, net of deferred tax of £9,932,000. This deterioration is largely due to the negative impact of low yields on corporate bonds, driven by low interest rates."
nope. Just renting a cottage on a millionaires grounds.
nice place...do you do B&B lol?...ChequeMate is from lakes as well
hey, this company is 1 mile from me. They are also responsible for the water to my house.
3 rd time lucky lol
perplexing...but well done crpr
...so on free carry... ...decent company/prospects but overbought imv
reasonably valued imv
Cropper: Westhouse Securities shifts target price from 200p to 220p, while maintaining an add rating.
sometimes wrong (see cce, clp & cns); so often lucky!!!!
...
The Department for Business Innovation & Skills announces Regional Growth Fund support for investment in a new steam raising plant James Cropper is pleased to notify the market that The Department for Business Innovation & Skills ("BIS") has announced that the Company's proposed steam raising plant has been selected for support from the Regional Growth Fund ("RGF"). The RGF grant is conditional upon the Company's proposal satisfying BIS's due diligence process. If this process is successful a grant of up to £3.1 million would contribute to the capital investment of approximately £7.0 million at the Company's site in Kendal, Cumbria. Assuming that the due diligence process has been satisfied and that the project is approved by the Board it is anticipated that the steam raising plant would be operational by late 2014. When operational, the steam raising plant would significantly reduce the Company's energy costs, CO2 emissions and rising environmental taxes. It is estimated that the savings for the Company would exceed £1.0 million per annum by 2015. The plant would consume a mixture of solid recovered fuel ("SRF") produced from municipal waste and the Company's own paper-making effluent residues. Planning permission for the project has already been granted.
http://www.investegate.co.uk/Article.aspx?id=201210230700042624P
Outlook In TFP, current demand in the aerospace sector remains strong through USA supply routes, whilst other sectors remain somewhat unpredictable as short term buying patterns prevail. In Speciality Papers, the new financial year has opened in a similar way to how last year ended. The economic uncertainty, which led to the significant loss of confidence amongst customers in many export paper markets in the second half of last year, shows no immediate sign of lifting. In the home market we have been successful in winning some business in new areas which has helped to fill the capacity gap. In Converting, sales of mount board and digital printing grades in the new financial year are broadly in line with the same period last year, whilst display board sales are on an improving trend. Although the troubles in the Euro-zone economy are a particular challenge, I am confident that our competitiveness will improve over the coming year as a consequence of our specialist capabilities, products and excellent service levels coupled with our recent investments and the restructuring process. We are also reorganising and strengthening our commercial teams across the Group, not least in response to the significant business development opportunities available to our businesses in spite of the economic climate. Identifying and converting these opportunities are the key to our future prosperity.