Ct Automotive Share Price (CTA)

Thursday profits warning at 16:05 then CFO leaves straight after for 'personal reasons' cough cough

How did this ever get IPO'd i have no idea..

CT Automotive Executive Chairman, Simon Phillips, CEO, Scott McKenzie, COO, Stuart Lorraine and CFO, David Wilkinson present the half year results for the period ended 30 June 2022, which shows revenues ahead in H1 and production recovery gaining momentum.

Video: https://www.piworld.co.uk/company-videos/ct-automotive-cta-interim-results-presentation-september-2022/

Podcast: https://piworld.podbean.com/e/ct-automotive-cta-interim-results-presentation-september-2022/

CT Automotive’s Founder & Chairman, Simon Phillips, CEO, Scott McKenzie and CFO, David Wilkinson, present the full year 2021 result for the period ended 31st December 2021.

Video: https://www.piworld.co.uk/company-videos/ct-automotive-cta-full-year-2021-results-presentation-may-2022/

Podcast: https://piworld.podbean.com/e/ct-automotive-cta-full-year-2021-results-presentation-may-2022/

Positive Points: Looking forward, management said it was looking to full-year 2013 revenues of $60 billion to $68 billion. Caterpillar said that China is a key part of its global strategy, and has been operating in the country for nearly two decades. China sales account for about 3% of its annual revenues. Despite the turbulence seen in the global economy, Caterpillar registered record revenue levels for 2012 of $65.87 billion. As the world's largest manufacturer of bulldozers, excavators and other construction machinery, Caterpillar is closely watched as a gauge of the strength of the global economy.

Negative Points: The latest period included a $580 million write-down in profits related to the company's acquisition of ERA Mining Machinery, a parent company of Zhengzhou Siwei Mechanical & Electrical Manufacturing Co, known as Siwei. Caterpillar recently disclosed that an internal probe revealed accounting misconduct at Siwei starting several years before the acquisition. ERA were seeking further information from Caterpillar at the date of this research note. While Caterpillar said it was encouraged by recent improvements in economic indicators, the company remains cautious in its outlook. If oil prices remain volatile, it could result in more volatility in CAT's petroleum segment, resulting in profit fluctuations. The company expects reduced production levels to continue at least through the first quarter until inventories and dealer order rates realign with demand, added the group.