Member Info for Chrisjse

AIUI the question is has Carclo's pension trustees used LDI's to hedge their position? (LDI is best described as a fancy name for a structured set of derivatives exposed to the price of gilts.). If yes it will adversely affect the pension deficit. We may have to wait until the next triennial review to find out and may not even then, the Trustees have no obligation to make details of their investment strategy public.

frankseluk2: Only you can view that link as it is on your computer.

Yes very good news. I do notice no exclusion of dividend (unlike the previous Company, Bank & Pension Trustee agreement). Though from the comments in the recent 'investormeet' meeting, the board sounds like it is cautious and in no rush to restart dividend payments. I'm an optimist and hoping for the year after next?

"It’s interesting to see that Carclo’s 2022 results and forecasts have been updated. " Where did you read that please?

Yes very good news. I particularly liked under Strategy: "In the short-term, the focus remains to grow organically in each of its existing markets, but in the medium to long-term this may be supplemented by accretive and synergistic acquisitions."
I've not come across 'accretive' before. Accretive: Characterized by gradual growth or increase.
I'm looking forward to an announcement shortly after 31 July 2022 about the agreement with the banks and Pension Trustees.

I expect the bond yield increase is too late for the 'triennial actuarial valuation' which was due March 2021. Details of which seem very delayed. The November 2021 Half Year Results says "No initial data has yet been released on the triennial actuarial valuation of March 2021"

As I understand it the whole idea of the Share consolidation was that the share price would stay about the same when the special dividend was made, if so it singularly failed or did I misunderstand it?

I know "the Group is not permitted to make a dividend payment to shareholders up to the period ending in July 2023." Thinking long term what was the last dividend and what was the profit and balance sheet like at the time? I'd like to have something to look forward to even if it is more than a year away.

"Will miss the presentation at 12.30 but hoping to watch this evening."
It's next Wednesday 24th!

The presentation is Next Wednesday 24th @ 12:30
A lot of the questions I'd like to ask are forward facing which I believe they can't answer!
I'm really surprised the share price hasn't rocketed today, I'd have expected 15-20% rise without the pension news and another increase of similar on the pension news.

As I type it is reported as: Share Price: 42.10 Bid: 42.70 Ask: 45.40
How can you have Share Price that is less than the Bid?
I also note that the spread is currently 6% it does seem to yo-yo from about 5% to 15+%
Another oddity someone seems this morning to have bought 13,077 @ 45.25 then sold them all 17 minutes later @ 42.55
Any explanation?

I stand corrected!
Not sure how I missed that.

I doubt Carclo are making Lateral flow tests, LFTs are mass market , not high precision and I suspect low margin. If they were making them or kits for PCR I think they would have stated this a long time ago.

Any idea when in November we can expect the results?
Last year they gave notice on the 12th Nov 2020 that it would be 27th Nov 2020

I've added the figures for 31st March in brackets: "net debt as at 31 July 2021 of £28.4m (£27.6m) and net debt excluding lease liabilities of £21.8m (£20.5m). A small but worthwhile reduction.
I'm intrigued by: "improve the pension scheme's funding level more quickly than would be the case by employer contributions alone" any ideas what that means?

I should have mentioned last years AGM in September did not include a trading update.

I doubt it as Half Year Results will be for the six months ended 30 September 2021.
So probably November like last year (27.11.2020), Notice given 12.11.2020

You can watch a copy of the weninar at: https://presentations.investormeetcompany.com/investor-meet-company/CARCLO-PLC-Preliminary-Results-for-the-year-ended-31-March-21?bmid=b90a0cdac95f
You may have to already be registered to watch it.

"Carclo plc is pleased to announce that Nick Sanders, Executive Chairman, and Phil White, Chief Financial Officer, will provide a live presentation relating to the Preliminary Results for the year ended 31 March 2021 via the Investor Meet Company platform on 2 July 2021 at 11.45 am (BST).
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9.00 am (BST) on 1 July 2021 or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Carclo plc via the following link:
https://www.investormeetcompany.com/carclo-plc/register-investor"

So what questions should we be asking?

How do you know they were all buys? I wish I could understand 'trades' better. Any pointers to a good explanation please. Googling hasn't enlightened me.