Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
Never sell at a loss , shopping around ,, wait patience, also do not buy sell 8am - 9am
Opening price ?
Closing price ?
Yes I expect a turning point , fundraising has finished for progress of future contracts , next contracts news will be added I expect .
Looking bright a future of 5G tec .
Castle
Bullish a rising stock ,a long way to go to pi averages .
Castle
Project Apollo, part of investment firm Longacre Group, has bought Petrel, which operates across the world in the oil and gas, marine and defence sectors.
Petrel’s 35 employees based in Kitts Green, Birmingham, will be retained by the new owners and will add to its 700 employees across Europe, US and Asia.
The acquisition will provide Walsall-based Chamberlin with “an exciting new chapter” to invest in the development of steel production at Russell Ductile Castings and spheroidal graphite iron production at Chamberlin and Hill Castings.
Proceeds from the deal are expected to reduce the group’s liabilities by £2.6m and contribute a profit of no less than £2m in 2024. £600,000 will be paid to HSBC to reduce Chamberlin’s debt and release certain charges over the shares and assets of Petrel.
Revenue at the group has marginally increased by £100k to £10.6m in H1 2024 in comparison to the previous year. Chamberlin has also reported an underlying operating profit of £100k (H1 2023: £100k loss). The deal comes after £1.16m was raised in share placings to support its growth strategy and strengthen its balance sheet.
Good morning Harry, a early read being 1 hour ahead of uk time as I visit poland !!
TB executive director of chamberlin, I have read some reports and the selling of petrel, then the company price picked there products ,, a few bad mistakes and another blow to the west midlands Engineering manufacturing industry + a strange call for the electricity provider to ask for its winding up , seems like some angry individuals and falling out and staff parting !!
Chamberlin recently sold its specialist industrial manufacturing subsidiary, Petrel Ltd, in a £3m deal with Project Apollo, part of the investment firm Longacre Group.
The group made pre-tax losses of £1.1m last year and said it was “adversely impacted by the effect of icnreases in the Bank of England base rate on financing costs.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.cityam.com/winding-up-petition-puts-chamberlins-future-in-doubt-as-shares-suspended/%23:~:text%3DChamberlin%2520recently%2520sold%2520its%2520specialist,the%2520investment%2520firm%2520Longacre%2520Group.&ved=2ahUKEwiXz4Dt8JOGAxWlVkEAHbXXDscQFnoECA4QBQ&usg=AOvVaw3ib04tzZ8_ZEkyiDmuT2m6
CASTLE
Thanks Harry , iv been studying the documents at chamberlin I see there is a bit of foul play by the company itself , not sure where tb comes into it , this cook ware business I'm not sure ?
A lot of the big investors did not sell !!
The winding up petition by the Company's main power supplier and a court hearing was held this morning, where it was determined that the hearing would be adjourned until 2 July 2024.
Topped up ,, hope all LTH did if can !!
I was at a big loss but now my average is low ..
So not taking the pee just helping my self with a calculated risk knowing TB bought a load around 9p he's no mug , good luck what ever you decided , I learnt along time a go be positive with losing my family very early in my life and with bad health myself as some of you have , so don't take time for granted ..
Castle
Hi pat... and any one else concerned about the kilm manufacturing checking to make sure its what we want and not a box of oranges ..
I had a lovely email (letter from PHE signed by another Paul.. a fast response I know !!
Peemyself yes I will make sandcastle on the beach ⛱️ with my profit yeheeeee...
🏝💰💰🍷🍷
Moving up back to 7.6p
Bullish...
TB will spill the beans..
I'm a few k down on my old stock ..
New stock have a profit .
Thanks and have a nice day Halma 👍🍻
27 Days to go for the kilm to arrive...
Happy Days
Good point patxaran!
I have emailed just PHE with your concerns..
Let's see there response!
Castle
Red you post below ,,, quote patents only have value if " customers want to buy multiples of the product "
What do you think PHE are doing baking cakes ?
No we are selling our technology many times to our customers !
Castle
Too cheap this is with a great presentation by lorna today , look on there web site this afternoon for the update ...
Castle
Red By the way I post fact not fiction and certainly not pessimistic stuff like some .
🥛🍷🥛🍷🍻🍻
Red , are you invested?
Are you going to see for yourself the Technology Centre in full operation in Wales?
If so , meat meet me there you can drink your milk and I can drink beer to toast our company success 🥛🍷
Small top up £505 quid
Just bought another £586 of Stock ,,heading north
Castle