The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
No doubt, the timing of the announcement, will allow the inclusion of a 1st quarter update. Jmo
The fall this morning may have something to do with Molojic suing HM GOV, they say they have a better Covid test than the one the GOV are using and are stonewalling the company.
I think Molojic are marketing Avacta's covid test. And we CARCLO may well be one of their manufacturers.
Market makers took opportunity the mark down and grab some shares.
Jmo
Time2retire,
The shares are not widely traded, hence the bigger ups and downs. And the massive spread.
I'm looking forward to reading the results and prospects when they are issued they could be later than a few years ago, as with other companies this is due to the pandemic. Not Carclo's fault but accountants etc are all behind for the same reason.
No advice intended.
I reckon it's similar to Duroc's sale a while ago. A longer term holder taking the recent strength to reduce or move out entirely. Yes whoever it is has dragged other "individuals" with them.
Good they are doing it now before the results. Once there gone hopefully we will start our steady rise again. Jmo
In 2018 the last year of normality ie before Covid and LED the results were posted on the 5th June.
I doubt they we will get them this time before the 7th June at the earliest. Jmo
Fwiw.
As I recall, It took Feedback PLC about 6 weeks to get a CE mark for their "Bleepa" product. In Feedback' s case I'm afraid they haven't matched their rhetoric. Don't go there ;-)
180,000 buy trade went through after 5.
Not delayed.
Whilst we wait for the full year results I thought I would have a look at where we are and what we could expect.
Our trading update has given a number of clues:
• We exit the year with stable foundations and building momentum with demand strengthening faster than anticipated.
• SALES circa to last year buoyed up by new tooling contracts.
• Reduced net debt (excluding new tooling leases, now required to be shown in total liabilities)
• Significant new business in 2nd half and increasing demand from existing customers from existing customers. PLUS NEW CUSTOMERS.
• Aero business, with help from Covid support schemes traded at a reduced profit. NOT A LOSS.
• OVERALL we have made a post tax profit.
You couldn't want for a better update. And here we are in a red hot industry, sales circa £100million during a period of major disruption due to COVID and getting shot of the problematic LED division. Brand new management who for the 1st in many years look as they know what they are doing and what do you get...A BUSINESS THAT IS SURELY worth 3 of 4 times its current value.
Everybody has different and genuine reasons to hold or sell , we have a seller at the moment or maybe this is a planned shakeout. We will soon find out..jmo.
Looks to me like the market makers are getting weak holders to sell whilst filling buy orders at a good profit.
Jmo
Helico international have a facility near Carclo.
If BT's pension deficit is anything to go by we should see our pension deficit lower than expected. Telegraph today refers to BT, saying their deficit will be £2.2bn lower than expected at £7.5bn that is around 25%. We will get a real boost if Carclo's comes in with a similiar reduction.
I think our re-rating has more to go yet. And reading Buckhunters post "largest shareholder..." posted yesterday businesses in our sphere, IE medical plastics, are definitely sought after. Interesting times indeed. My opinion only. Dyor.
Mesquida,
"After all £120k plus in not exactly small potatoes"
Should read,
"After all £167k plus is not exactly small potatoes."
Just for the record. ??
Rivaldo, Found this looking at your post detail. Great find, thanks for posting.
Rather than reply to yours posted seperate ti highlight the headline..
Multibaggers with 10 Bagger Potential - Carclo (CAR) Returning to Growth
27th Apr by Bluesky Ventura
8 comments 1309 reads
Carlo - Returning to Growth
27th April 2021
Carclo (LON:CAR) hit a new low of 4p on the 18th of March 2020. ( Lowest buy price 5.1p, additional buys at 11p, 35p) - (I hold a long position). With the share price already rising 100%plus in 2021 I expect the best is still yet to come.
Carlo released a trading update, see link https://www.stockopedia.com/sh.....
Overall the second half was better than the first and the tool orders in 2021 suggest further growth to come 2022.
The results look ahead of my expectation hence I updated my model. (information provided below)
Sales Forecast
Sales forecast 2020 to 2025
8502f205e0be215a06253c9cd0002929381f53861619512477.png
Valuation
The evaluation model suggests 100-140p valuation for year-end 2021, and 2025 upper-end valuation of 440p . See the graph below.
72b8d20a97f84deac17d1593740a104c3ee79acb1619512662.png
As always DYOR
The timing is interesting. Duroc notification came in around then.
That would confirm my thoughts at the time. Someone was mopping up all available shares.. And not just M&G I bet.
Jmo
I have got this wrong before.
Looking at CARCLO's FT tear sheet it states that M&G investments owns 1.87% of the shares in the company.
The date of change/notification 1st March 2021.
Warren,
The disruption caused by the pandemic has been nothing but massive.
You only need to listen to the news to hear how patients suffering anything but Covid had operations delayed, appointments postponed etc etc. Demand for medical products switched to Covid reducing demand elsewhere. Folks stopped contacting their GP's . Yet, despite that, and having an Aero devision when the world stopped travelling we have maintained sales at last years levels. I think when you take all that into account you might see this update in a different light.
Jmo
Maintained t/o whilst focus switched to Covid products.
New tooling orders are the precursor to the contracts we have been hearing about.
It must be difficult to keep the manufacturing going in places like India but we have, and delivered a post tax profit with reduced debt not to mention NEW CUSTOMERS.
The departure of David Toohey at the end of the month removes the last vestiges of the old board. And without singling out Mr. Toohey, I must say I am happy about that.
Jmo
https://youtu.be/hqezy2ifLiM
Copy to browser.
Small u tube video posted 4 weeks ago.
Hey Buckhunter,
Thank you for the info.
Be sure to let us know, quickly and sharply, if when passing the factory you see someone with a Trading update under their arm. ??
Hopefully this week.
Though the same last week.:-)
No mention in "company announcements this week" though.