Member Info for Frankseluk2

Raising £5miilion at a discount of circa 15%/20% discount, more than doubling the size of the company is a reflection of esteem in which the company and chief executive are held.
Taking time to add a bit for smaller shareholders adds to the process quite a bit but whatever is done it's hard to satisfy everyone, but they have done their best. For me I would have preferred them to go for the placing only (money in bank tonight) put up with the clammer and get on with building on the momentum. Jmo

I've been all over the world, just back from Antarctica and the Falklands. Skied in ever resort in Europe since I was 12 inches.
What the $&%$ has this got to do with Aston Martin. Really some folks certainly need to justify themselves. I wonder why......

Surely better than expected.
What a day to come out with a positive trading update.

Seems the buys are going through the NEX exchange again. 30k odd atm.

If the world needs to be vaccinated (syringe?) It will be some task (Thank you Bill Gates) and then more to stockpile for future pandemics. Carclo are well positioned to benefit from this, sad though it is. Dyor

Positive trading update.
Outlook/visability.
Actual figures for 19/20 slightly better than forecast.
Debt under control.
Turnaround going to plan.
Pension deficit under control.
Covid impact

70,000 ish shares traded today on the NEX exchange. Hence the up tick. Mostly buys.

Have you been anywhere near the plant lately?
Wondered if things there remain busy?
Hopefully no problems with the protests either.

Says the influential LEX column in today's FT.

The company seem determined to reduce their debt as quickly as they have the cash to do it. This could of course be a requirement from the pension trustees, they will not agree terms until it is. And of course they need to get it sorted as the bank facilities are up for renewal soon.
But how about someone buying the company.
Let's say next year (ignore covid 19 for the moment) turnover gets to 120/130million. ALL things being equal that could produce a profit (ignore pension and exceptionals) of circa 8 to 10 million. Maybe more if I could do away with duplicated costs.
So why not bid 15pence a premium of 300% (circa).
once completed pay off the pension shortfall and transfer away to pension admin co all agreed beforehand. And repay say 25million bank borrowings (use your own existing arrangements) then hey Presto. For 86million pounds you have a business that could add up to 10million to you companies profits in a very niche business that is only going to become more in demand as time moves on.
Lots of holes I know but something to think about.

Remember also the exceptional costs relating to advisers to the company and the bank (Grant Thornton) circa 1.1million. These exceptional costs will recur until the funding situation has been resolved. This will be a drag on the profits.
Renewing funding is not straightforward you only have to look at Jarvis Rail a one time ftse 100 constituent. I remember opening the RNS looking for good news only to find the bank refused to renegotiate further support, the company was place into administration...shareholders got nothing. I am a long term holder here and adding when I can, but believe we should all be careful. Only invest what you can afford to loose. My opinion not advice.

Wbj, yes CARCLO plant managers are reporting a 40% increase . But don't expect this to have fed through as 40% in this 6 months. I would expect about 10% of that 40% when the results are published. We also need to consider , though only a small % of the business the Aero plastics. That maybe a small drag on the results though maybe if airlines decide to keep older plans for longer there could be some optimism for the future.
I have been expecting an update for the past week or two and wonder if they are waiting for something to be agreed regarding 1. Borrowings and 2. Pension.
I wonder also if they have taken up any of the "goverment guaranteed " loans as if they have it would surely get us over the hump and possibly show what a good little business this is now. If they do get these two issues sorted there may be some interest in buying the company. Any who thinks takeovers won't happen whilst this crisis is around only have to look at "Indigovision" who are being bought by motorola. That announcement came about 5 weeks ago and completes this month at a premium of over 100% . Cheap companies will always be vulnerable whatever is going in the overall economy. ALL MY OPINION ONLY.

Trade just posted.
1million
Offer 1.20p bid 1.35p
Dealt 1.41p
Time posted 16.31

Hey Buckhunter,
You say "you talked to some employee's and bought some shares"
Can you PLEASE expand on this. What did you ask them and there responses ?
??????

Gaz, the deal was done on the 20th and delayed.
The price at the time was 0.85p/0.95p and dealt at 1.05p

My heart missed a bleep ?? on reading the Sunday Times front page Headline this am.
"NHS. Phone app hold key to lifting lockdown"
Not our app though Apple and Google tracing contacts .....
Replying to the "GP" message. Excuse my ignorance but to use "Bleepa" would not both the patient need the app also?

I recall when CARCLO shares traded above ££5.00. They we early to the new "printing" technologies. And at the forefront of the rounded phone screens. But hey ho the directors at the time just hadn't a clue and have since moved out. I'm hoping this crew can do better. We have a number of issues to resolve , debt and pension deficit. Certainly debt has become very cheap and the company should take every opportunity (especially now) to get that down to a more manageable figure. And the same goes also for the pension deficit. Even so provided the company hits no bumps I reckon the shares with the issues already mention are worth between 22p and 30p. Just my opinion. Do your own research. No advice given or intended.

What does it matter if price shows a buy or sell?
The price is lower buy or sell, than it was last week.

It's a discrace that the new listing was announced at lunch time.
This is market sensitve news and should have been posted at 7am.
Then ALL SHAREHOLDERS not just a few who were around and happened to see it would have been free to buy or sell the shares on a level playing field.

I couldn't believe it when that RNS appeared.
Muppets in my opinion is a generous term for this crew.
The shares have gone from over £5.00 to 15p. And they still haven't learned.
Any fool would have avoided this scenario like the plague. And I bet they weren't aware until to late.
Plonkers for sure