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Big price fluctuations here today. We gone from 90p to 103 in 1/2hr on no news… You would have thought that the good results last week would’ve ‘under-pinned’ the price but it’s actually down! Probably a reflection of the wider market…
Is this worth buying now the price has come back? Results around March I believe but stand corrected. With what has been happening in the energy sector, combined with Bisichi’s fundamentals this looks very cheap… Will they reintroduce the dividend? I guess it depends on the life of the mine and the price which they have been achieving for their coal (agreed contracts etc). One to watch at least.
I don’t think that it has ever been confirmed that they were manufacturing components for Avacta, more assumption. I remember from one of the recent investor presentations that the board would not comment on this area, citing client confidentiality.
Thanks Dartron I didn’t realise that it wasn’t a ‘done deal’. I think what this shows (and we all know it anyway) is that the government has no money. I was reading an article from a think tank, the gist of it being that the government will be desperate to keep fuel bill rises to the bare minimum because if the full rise is passed on to the general public it could push inflation to 6 or 7% and this could make it impossible for the government to pay its bills / interest on the debts. I guess they need to save money like never before…
What the views on todays news guys? Do we think that the headline regarding the government bringing free Lateral Flow tests to an end is bad news? Or, do we think that demand has been outstripping supply so it’s of limited consequence for companies like Carclo?
I note that the 2022, 2023 earings forecasts have been revised slightly. 2022 is showing an eps of 4.4p and 2023 is showing an eps 5.5p. This is a slight revision downwards as 2023 was showing 5.86p previously but the trend is still positive, with forecast revenues increasing to £129M.
Figures taken from Stockopedia (which I assume use the house brokers forecasts).
Regards.
Another great rns from Beximco. I appreciate that this company isn’t just listed on the LSE but it would’ve been better for us if this news had been released next week when the market is back after being in holiday mode.
Quite possibly. I work shifts, mornings and night shifts and the rota continues all year round regardless of Bank Holidays, that’s why we get shift pay. Some companies pay an overtime rate too. I was wondering if Carclo would make any New Years tip sheets..?