The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I wonder if the production lines will be working Christmas day?
Demand must be through the roof....
For those like myself who have wondered about these single digit trades, take a look at Royal Mail or Darktrace share buy backs today. There are quite a few.
Mesquida.
I had thought the 125k you mentioned on ADVFN was a delayed buy Mesquida.
Hopefully Schroders are not on their own.
On the basis the price has risen both yesterday and today and considering the spread at the time and trades either side, looks like we may have a bit of professional interest following the presentation.
Since joining the company a year ago our Executive Chairman has purchased over 719k shares.
Was good to watch and listen.
Great to hear Nick say he was disappointed with the share price reaction to the H1 results.
Also the framework agreement is up and running in the UK and will be shortly in the USA.
and that lateral flow tests likely to be around for some time yet!
Found on Alliance News. Need to be a subscriber to get the rest. I'm not...
Better than nice in my opinion.
Pension deficit reduction is huge and this is without taking new mortality tables into account.
We should now see a steady rise in the share price to a more realistic level.
Will miss the presentation at 12.30 but hoping to watch this evening.
They seem like a good crew Steelwatch. Carclo has a lot on long term employees for sure.
Happy to be invested here for sure. Looking forward to the near 10% increase in the dividend. And the possibility of much more in the future.
I have a question for the more knowledgeable among us!
If we have Revenue /Profit etc etc before and after tax in the high 20%/30% and higher why is the earning per share growth down in the 9%/10% territory? I'm not complaining.......
This is our time. We are but one of a handful of players that can meet client needs through our market leading approach. We are confident of strong growth for the foreseeable future. We are currently building increased capacity to accelerate sales and making great strides toward our medium term target of $100 million."
Brilliant.....jmo
Hi Steelwatch,
In my post of the 1st September 21 I projected (guess) t/o of £60.5 with an UOP (underlying operating profit) of £5.376m and a PBT (profit before tax) of £4.172m.
Reading the AGM update one can imagine that these figures will be improved upon “The group has made an encouraging start to FY22 in spite of challenging…..as a result trading was ahead of management's expectations for the first four months of FY22”.
Having said that the company stated “some of the resultant input cost inflation has been offset by sales price increases” the word SOME is a something to bare in mind.
I do though think (and hope) there is a good possibility of a “surprise to the upside” despite the headwinds the company mention. Your £130m fy22 t/o is achievable and our calculations regarding the share price along with others, are very similar. Hopefully, the worth of the company will be reflected in the share price sometime soon, though the trades seem odd. It’s as if someone is determined to keep a lid on the price. JMO
Hi Steelwatch,
Like your figures.
I'm away at the present but will post my reply when I return Wednesday next week.
Western Pennsylvania's
CORONAVIRUS
Westmoreland County company turns out vital parts for coronavirus test kits
Rich Cholodofsky
RICH CHOLODOFSKY | Sunday, April 5, 2020 12:01 a.m.Support Local Journalism
The frontline fighters against the coronavirus in Westmoreland County most certainly include medical professionals, first responders and other health care workers treating patients.
But workers at Latrobe-based Carclo Technical Plastics are quietly supporting their efforts through the manufacturing of tiny plastic collection tubes used around the globe in coronavirus testing kits.
Carclo operates two plants in the county, one in Latrobe and a small factory in Export. About 250 employees work 12-hour daily shifts to churn out the vital parts needed for the coronavirus testing kits, as well as other needed medical supplies.
“For the run-of-the-mill customer, nine out of 10 people don’t see our product in the real world, so this has definitely given us an increased awareness and exposure to what we do,” said Rob Stutzman, the company’s divisional chief operating officer.
Carclo also makes automotive parts and electronic components at the local plants as well as in factories in New Hampshire, Arizona, Great Britain, China and the Czech Republic. The company last year made upwards of 1.5 billion parts for some of its products. Sales of parts for the company’s coronavirus test kits are up 40% so far this year, Stutzman said.
The company also manufactures plastic parts for respirators and other breathing treatment devices, he said.
Stutzman said the demand led him to put out a help wanted sign for his local plants in Latrobe and Export, which are seeking about 20 additional workers to operate machines and to package and inspect the products.
Despite ongoing fear over the pandemic, work continues at the local plants.
“I can tell people are anxious and there’s fear there, but people are still coming to work to do their job,” Stutzman said.
Westmoreland County Commissioner Doug Chew praised Carclo’s staff and the company’s efforts to continue making the parts needed to ensure the frontline fighters have the tools needed to help counter the ongoing pandemic.
“I could not be more proud to say I’m from Westmoreland County, where my neighbors are making test kit components in the USA that will help us end this pandemic,” Chew said. “We have a long legacy of stepping up to the plate, and Carclo workers continue that proud tradition in 2020. These folks will be the heroes and patriots we remember for years to come.”
Rich Cholodofsky is a Tribune-Review staff writer. You can contact Rich at 724-830-6293, rcholodofsky@triblive.com or via Twitter .
Su
https://med-techexpo.com/event/en/node/carclo-technical-plastics-carclo-technical-plastics-press-release-january-28-2020
Carclo Technical Plastics Press Release, January 28 2020
Press release London (UK), 28 January 2020: Carclo Technical Plastics (CTP) announces that it will be exhibiting at the Med-Tech Innovation Expo in Birmingham, UK, 1-2 April 2020, on stand no F17. CTP will also be presenting the use of state-of-the-art Pressure Sensing technology for optimisation, monitoring and control of the Injection Moulding process, see attached photo. As part of a major project to develop and scale up manufacture of a drug delivery device in partnership with Becton Dickinson (BD), Carclo has invested significantly in advanced process monitoring equipment and personnel training/development, aimed at improving injection moulding process control and reducing costs of Quality Assurance and waste. CTP has installed RJG’s in-mould Pressure transducers and e-Dart™ process monitoring software on its Fanuc range of all-electric injection moulding machines. Widespread use of these technologies has been made through the Process Development and Validation phases of the project, supported by existing metrology and statistical analysis using commonly available tools such as Minitab™. BD has, in parallel, assessed several of CTP’s global manufacturing facilities as part of its “Fewer, Better” vendor management program in conjunction with CTP’s own Continuous Improvement activities. Commenting, Divisional Chief Executive Officer Robert Stutzman stated “Carclo Technical Plastics has aggressive plans to continue developing our medical business, supported by Carclo’s engineering skills, global footprint and financial stability. CTP considers the Med-Tech Innovation Expo as a key part of our annual marketing activities and we invite all customers and prospective customers to meet with us during this show.” CTP is a contract manufacturer which specialises in injection moulding and assembly of thermoplastic components and devices for the medical and optics markets. With ISO13485-accredited production facilities in Eastern and Western USA, UK, Czech Republic, China and India, CTP offers its global footprint to customers in these dynamic markets. CTP’s clients range from globally-located divisions of major healthcare corporations to start-up companies who are developing products for the innovative yet highly-regulated medical industry. Typical products include medical and surgical disposables, drug delivery devices, diagnostic reagent packs, diagnostic components and devices, ophthalmic equipment, lenses and optical components. Name: Emmanuel Achinivu – Business Development Manager Email: emmanuel.achinivu@carclo-plc.com Mobile: +44 (0) 7740 205346 Website: www.carclo-ctp.co.uk
30 days interims 60 days finals I believe
Hiya Beza,
Friday 30th.
They are hiring for sure.
Join Carclo today and qualify for a $1,000 sign-on bonus!
Job Functions:
Looking for a Hands-on Process Engineer with experience taking molds in and out of presses. Experience developing new processes using material recommended settings. Developing processes using standard development studies. That including cooling, melting, injection velocity and pressure. Must be able to work in a team environment and have ability to take direction from program managers. Candidate will be working on new medical devices, as well as validating equipment relocation presses coming into the ......
There is lots more plus a $100k+salary.
What interested me was "candidate will be working on new medical devices"
I wonder what they are?
Of course Warren that is an issue. The company in their last update let us know that they had increased stock levels of raw materials. Let's hope they continue to do so.jmo
Agreed Mesquida. And looking forward to an update (hopefully) early October.