Member Info for BearFoot

The AGM announcement regarding the CEO retention package adds some uncertainty. He seems to have done a good job recently, it will good to see this issue resolved.

Another steady progress announcement.

Positive noises being made in the financial press regarding the chemical sector, with SYNT getting a positive mention ...

https://www.investorschronicle.co.uk/content/babbc63d-485f-498b-8f55-1f076248c1b8

With UK political changes, Burnham has made noises about the re-industrialisation of the UK, the EU looking at changing the carbon certificate framework, could this be the start of real recovery in the chemicals / materials sector.

BP (BP.L), held advanced talks to sell its ​UK North Sea assets to Ithaca ‌Energy (ITH.L), in a deal worth nearly £2 billion ($2.69 billion), the Financial Times reported on Tuesday, citing people ​familiar with the matter.

While the talks failed ​in recent weeks, BP is still ⁠exploring options and may pursue a deal ​with other competitors, the report said.

Ithaca Energy declined ​to comment, while BP did not immediately respond to Reuters' request for comment.

https://www.reuters.com/legal/transactional/bp-held-talks-sell-north-sea-assets-ithaca-2-billion-ft-reports-2026-06-02/

With a dividend maintained yield at 10%, patience is the better option for a longer term growth in share price.

From his background Routh seems to be a good 'product person'.

Some kitchen sink announcements today from the new CEO. Positive noises regarding product development, with more to come in the capital markets day later in the year hopefully. Stronger corporate investor base. One to hold rather than trade.

God speed john glenn

Have CBG actually announced they will not contest the latest scheme? I cant see any RNS, only sky 'news' announcing it.

This whole saga seems politically motivated claiming to be in the interest of consumers, to win political points. Consumers will pay in the end with higher interest rates in future or limited finance options for things they cannot afford to buy in the first place.

Many companies especially in the chemicals and meterials sector have been 'treading water' for some time. Todays results show a company in good health, not one about to collapse as suggested by the low market cap. Interesting todays presentation (in the questions) suggested the EU is soon to change rules that should benefit the sector. Innovation of products seems to be increasing. After the transformation of the company during recent years lets hope Symthomer II is about to lift off.

With recent comments regarding the imminent demise of the company, it is obviously good to read there will be no equity raise at the moment, debt covenants are within range and debt negotiations are progressing.

The more significant part is ...

'Synthomer is passing through the significant increases in underlying raw materials and energy costs since the start of the conflict via pricing adjustments, while sales volumes in several product areas are increasing'

Surely this shows the companies products are in demand and the company has pricing power to push prices up as needed.

This is not a company in operational stress in my opinion, even if there are debt issue to resolve just like many companies in higher interest rate environments.

Https://oeuk.org.uk/industry-meets-with-chancellor-to-reform-energy-profits-levy-in-the-national-interest/

Card factory already has a Wholesale business and it is progressing well in the UK and internationally. The branded shops are only one part of the business. Cards are also only one part of the business, gifting is another and is increasing.

A number of high profile investment funds / trusts hold sizable positions in card factory. The will have done their due diligence into the management and the company expansion plans. If they are happy to hold, I'm also happy. Keep the divi and increase the buy backs at these low share price levels and concentrate on the overall business. Lets hope they overall economy improves. I do sense a small glimmer of positivity around, lets hope it doesn't get snuffed out as usual by overbearing meddling from non business people.

Im happy with the acquasitions and the management of the company. Its the management of the UK economy I'm not impressed with.

Looking at the share chart, the price is at a low point in a longer term rising channel which started in 2020. It may take until next christmas to break upwards again towards 100p. But the dividend and share buy backs should help underpin the value in the shares. Assuming the divi doesn't get cut. The company is growing its market in gifting and doing the right thing, the issue is the UK economy which we are all too aware of.

Plenty of 'news' around private equity struggling with too much debt including in the telecoms sector. Institutions needing to raise money will sell liquid assets regardless of prospects. Maybe thats why VOD are down today. Can official ratings really be trusted.

Looking forwards to the results.

None AI related semiconductors are stagnant at the moment, and look at the European car industry for evidence of poor industrial activity. Still a great company and the share buy backs can be at lower share price levels rather than inflated. Hopefully that means the divi can be sustained. Being paid to wait for more of an upturn.

It seems Serica are becoming quite the consolidator in the UKNS. I hope the finances add up to support all the mergers.

... and the recent talk of bank windfall taxes wont apply because CBG hasn't made a profit.

Every cloud and all that!

It's worth remembering that various popular Investment trusts hold stakes in CBG, and the positions have been increased over the last 6 months due to more clarity around the issues. I doubt the investment risk management process would allow the stakes if it was considered CBG were at serious risk. Will they be selling due to todays announcement? I doubt it.

And the long term chart pattern (if there is such a thing) is still trending up to the right since the low at the end of last year, for now at least.

tick tock.