Member Info for HarryCaul

Now the Hedge funds have got it on the run, I suspect it's fairly easy for them to keep up the momentum, at the expense of burnt fingers from the Retail community.

It's a worked sell order over the day.

VWAP came in at £1.5516 on the day and the print was slightly above suggesting the Algo or Broker did a cracking job at beating it.

Has he finished?

Spike, the seller will have been worked by a MM.
Much of the sellers clip, will have been snapped up by retail punters on here in small lots.

Bailie Gifford Fundy....

All day long - pocket change for them.

Sell Petrel to Trade or Management, which leaves the two foundries. Run RDC as is, and absorb Chuckery Road into the main business. All energy hedged until 2025 bish, bash, bosh.

Or Forgemasters? Or, an overseas buyer taking advantage of the weak Sterling.

It definitely feels like it's being held back down here share price-wise.

Or, what about TB buying it out? Though that would be on the cheap wouldn't it? I think 5.1 is the highest price traded by him this year.

That's a cracking find Dartron!!

Many thanks!

Think about what's happening in Ukraine right now.

Firstly, the Azovstal Steel Works produced circa 5M Tonnes of Steel a year, has been completely destroyed. Other Steel Works are located in Dnipro and Zaporizhia which have seen fierce fighting in the past 12 months.

Secondly, the sheer destruction of Buildings and Infrastructure in Ukraine is on a scale that is sadly hard to imagine.

When the conflict comes to an end, the Country will require a massive amount of Resources to rebuild the Country that will last for decades. It will need a Global effort to meet any demand going forward. This will be hugely beneficial to Resource / Industrials Worldwide.

I'm not sure if you have been to S****horpe, but the Steel Works is on a scale that's hard to imagine. It's a vast sprawling industrial beast.
I took a trip down there at the back end of last year, to see the Russell Ductile site in the flesh. I think it's important to do this sometimes.
The site, as you say, is right on the edge of the Works. The Foundry itself is all fenced off, so you can't go walking in there. But, from what I could see, there was plenty going on. The place had a busy feeling to it, Forklifts buzzing around etc.
There also looked to be a decent footprint to the site, so if needed I think they could certainly expand the site.
Generally, in around S****horpe, there's plenty of specialist Metals, and Engineering Businesses which are clearly plugged into the Steel Works. They all appear to be enjoying an uplift in fortunes, on the back of the Chinese taking on the Steel Works a few years ago. I did make a few enquires, and this does seem to be the case.

Absolutely.
The market for them right now is vast regardless of the Ukraine situation.
When you throw the Military situation into the mix, then that opens many markets.
Of course, they can't be everything to everyone right? But, these guys do have the technical know-how, and the ability to make it happen - they've been doing this for over 100 years.
Also, remember that Petrel the Lighting Division have the JOSCAR Accreditation enabling them to supply the Defence industry as well as other High Security and Marine industries.
This could open them up to the likes of Harland and Wolf for instance with both Cast Product and Critical Lighting solutions. The whole of the defense sector is ratcheting up right now, so opportunities are real.
There's much to get excited about as the group gains some critical mass with its recovery - just needs a re-rate IMHO.

MM's make their money on doing volume, plus taking on some risk.

If a stock is quiet, it's not making anything. So, the MM's will move the price around (sometimes aggressively) to create interest in the name, and also find levels at which Buyers or Sellers are active.

The downside with these speculative shares priced at pennies is that any move percentage-wise will always be substantial.

I have the Email too.

I have bought Tests from ABDX and am on the general Email list like most people would be - see the below text.

Abingdon Simply Test announces the addition of a Strep A self-test to its product portfolio. Available on pre-order, the test will provide people with a convenient home self-testing solution for group A streptococcal infection (known as GAS or Strep A) at a time when Strep A and Scarlet Fever cases are unusually high.

Strep A is a type of bacteria that causes mild infections, but more serious problems can develop which is called invasive group A strep (iGAS) and is potentially life-threatening.

With Strep A being a significant issue currently across the UK, our rapid test offers a quick and convenient way to rule-in or rule-out infection. Our Strep A test is MHRA-approved for home-use.

Agreed.

Cast products are not particularly sexy compared with other industries. However, they're incredibly important in many industrial applications. When you look around at any large Civil engineering project, it's everywhere.
Also, (not just specific to CMH) but when the Ukrainian situation gets resolved, can you imagine the quantity of Global resources it will need for the re-build? Think of Steel, Glass, Cement and Concrete products and Copper. Demand from such a terrible situation will last for decades.

Evening Draft.

Many positive points there, and I do get that Business is what makes Trevor tick.

Hopefully at some point CMH comes good - I think it deserves to do well seeing how much progress the group has made, from what was a seriously tough point in it's existence.

Been a tough day, perhaps a little sensitive.

He's 75, so yes, why the hell he'd want to be dicking around do deals rather than enjoying himself is anybody s guess.

If he did look to get out, surely he'd be seeking a trade buyer for the business?

At least with CMH there is a proper tangible business, rather than some of the other 'Jam tomorrow ' offerings on AIM.

Were they your Buys out of interest?

Here we go again.
Seller back in happily smashing this in - stinks.
Feels like this is being Tee'd up for a full-on pants-down moment.

MMs won't sit there after the little run-up and write cheques out to the punters.

Whack it and change the basis if the buyers have pulled back.

It's interesting that Armstrong Investments have been active in increasing stakes in the engineering sector of late.
Over at Carclo, currently trading on new lows as well, Armstrong have increased considerably in recent weeks.
Be interesting to see if they increase here as well.

It's been picked up on before, but the weakness, and valuation is somewhat frustrating.
Are we expecting another placing?
Is the price being driven down to take a seller out on the cheap? Is the price being driven down to buy the company out on the cheap?
Somewhat perplexed, especially after upbeat trading, Director Holdings etc.