Member Info for Frankseluk2

minus the pension issue would, in my opinion be worth far more than the £50 odd million it would take to put it right. In a very short time.
Jmo

Frankly, I would welcome a fund raise.
We only have circa 70million shares.
What about issuing 500million new shares at 10p.
Raising £50million ish and get rid of the pension issue and for all.
Without the pension the company would save millions in fees and contributions.
Presented properly I believe the company would get backing for it.
Its either that or someone will surely pick us off on the cheap.
jmo

Warren, it's interesting you say that we will be helping BD achieve their 14million covid tests per month and I'm sure we will in some part.
The two recently won contracts though are with a NEW medical company, as stated in the interims. ???

ApiJect Approved for $590 Million Loan from the U.S. International Development Finance Corporation to Support Building a U.S.-based Facility with Surge Capacity to Produce up to 3 Billion Single-Dose Prefilled Plastic Injectors per year, with No Supply Chain Limitations

Predictive.....not modern....

Was surprised to hear the cost of the vaccines is in the region of $30 + a pop.
I had reconed on a few dollars .

Must say the market makers certainly have me baffled. The trades and end of day pricing is so odd.
The late posted 250k trade today is another one.
Beats me...

I have also wondered about shift patterns and previous spare capacity.
What I will be looking for when the interim results are posted (says Nov in the annual report but no specific date this time) along with a trading update hopefully is something in the update pointing to the increase in earnings and cash generation alluded to in the post yr end financial info of the annual report.
Whether we are heavily (and I think we are) involved in Covid work or not there must be a hell of a shortage of capacity because of it, one way or another we are in the right place at the right time in my opinion.

I forgot to add in the Covid delays when I said an update was due early October....

Had consider exactly that Wigwammer.
Plus, with the job completed £8k plus a week savings are not to be scoffed at.
Notice period = 1 months pay. The decision will have been made by the board including the CEO.
Jmo

Don't forget to scroll down. Lots of detail after accts.

Raised £6.632 million. by an exccelerated bookbuild at £1.20p per share to complete the purchase of Precision Tool and Moulding INC.

Why they need a cash call presently. They have just sorted banking for the next 3 years and at the same time the pension contributions.
Let's get a year or so under our belts and if growth dictates a requirement for cash at that time, it would be well supported.
Clearly, if some unprecedented contracts came along earlier, it may need to be addressed.
The management know the figures, why go for cash now when your share price could be a multiple in 12 months time. Jmo and ramblings.....

Wigwammer, looking back a few years when Carclo were trading normally (no bids, no wipac issues /sale) a trading update was provided early to mid Oct after the half year end 30th September.
I recon our new management will want to get back to that normal pattern of announcements.
With management time now free from sorting finance and pensions they will at least able to concentrate on the manufacturing side.
On a separate point. I wonder if any of our manufacturing plants are working a night shift?

I doubt the AGM will bring any news, but one never knows.
There should be an update early October though, Wednesday is the end of the 1st half.
Jmo

I don't usually comment on my odd trades but Barclays wouldn't complete my quote and deal purchases later this afternoon.

Update October.
Half year results early November.

We have the AGM shortly followed in early October by a trading update, then we have the half year results sometime early October.
I read Wigwammers post earlier today re, Cytiva expanding their capacity. They will be looking no doubt. When considering what and where to invest they will surely look for the cheapest and fastest. Which may be to acquire the extra capacity required. Interesting times indeed. Jmo. No advice intended

An un educated guess at where the share price could be.....lots of holes as per usual.

say, turnover remains the same. Some parts up others down. That give us £110. Million.
Perhaps without the exceptionals and some cheap funding we can make £10million out of that.
We are in a racy industry just now and its anybodies guess what multiple we could command on a buyout but let's take a relatively modest 15 times. That give us a market cap of £150million.
Our pension deficit can be measured in a number of ways some as high as £90million and some as low as £30 million. I'm using £50 million. That brings our value down to £100 million. Now remove debt say £30million. That leaves us at ££70million.
We have say 74 million shares. That equates to 94.5p per share. Lots not taken into accounts some will balance some not but at least we have an idea.... no advice intended.

Perhaps a number of orders from different organisations, none singinally adding up more than 10% of t/o. No RNS would then be required.
The words significant, material and positive sound good to me. Jmo