Member Info for HarryCaul

I tend to think the business, despite market conditions is in fact on the up, hence the solid Director buying.
As mentioned on here previously, it would make sense for the company, due to size and admin costs, to be taken private.
My big concern is that with TB at the helm, and in control of circa 29% that he makes a move himself to take it out on the cheap just as the recovery gains traction.
He's a smart Guy and here to make money. But, I think we need to remember he's ruthless.

Here you go..

https://www.marketwatch.com/story/castings-sees-strong-demand-in-1h-expects-to-meet-market-views-271665124258

Castings update out today - general read through positive.
They no longer have an energy price hedge, and are successfully passing on costs to underlying customers.
CMH have the hedge in until 2025, which surely gives them exceptional pricing advantage over their competitors.

Did you actually read the RNS?

Nick Slater - he maybe investment Royalty, but he ain't the Duke.

What I believe your seeing is the result of an algorithm.
An order has been placed by DMA ( Direct Market Access) to buy or sell a certain amount of shares. During the close of market uncrossing, another market participant has put an order in against it. The aggressive order, looks to have some sort of Algorithm function controlling it, where it's decided to split the order into lots of 163 shares. It's a complete waste of time in a smaller company such as CMH but with Large and Mid Caps it's the way many orders are handled, especially Stateside where orders are diced and sliced according to whoever is paying to see the flow.

Nice buy of 50k this morning in a quiet market.

Correct.

If you want to increase your holding down here, then buy them in the market. There's nothing wrong with that at all.

Clueless.

Look at the prints during the day and the prices.
Loads of price action way above the 4 level, and someone came in and bought 2.8 Million at 4 - from who?
Stock doesn't magic out of thin air.

100k at 4p?

Sorry, life is too short to trawl through the trades to find a 4 grand print where someone has been right royally mugged off.
I can however see a decent print at 4 in £100k of stock which is slightly more interesting.
But, let's put that into perspective. The stock traded 6.6M shares today VWAP 4.43. Someone out there (with a proper Salesman or Broker) picked up the phone to the market and asked the price and size of the market, and subsequently hit the market with 2.8m at 4p. That's how it works, there is always a price - unless you're just sat there with everyone else trying to chip away on the RSP that's shall we say is a little one way in direction.

Anyway, putting Handbags away for a moment, did you manage to Buy a chunk of the 4 stock?

Firesale? Can't get a price to sell?

Oh dear, how sad, never mind.

Utter tosh.

Absolutely right!

I'm amazed the bigger players haven't taken it out to be honest.
3 Business's, all on the up. Russell Ductile with a lumpy order book, and energy hedged until 2025.

Great recovery story.

Have they had a weekend tip?

When TB came on board with the rescue deal in 2021, his percentage stake was 29.52%
The last round of funding diluted the holding down with the placing of 30 Million shares at 5p down to 25.28%
With all the recent share purchases by TB, that percentage level is now up to 29.14%

I tend to agree with Lawrmyer in so much that TB would maximise his return for the risk taken, without launching a full bid, which would be triggered above 29.9% under the Takeover Panel Rule 9.

As I've said before, I think the upside is being overlooked by the market, mainly due to a traditional view of Heavy Industrial Engineering. What is not being taken into consideration is the dire supply chain issues facing Industry. The reliance on cheap product solutions from Asia is under pressure - they simply cannot deliver. Large Industrials are looking to companies like Chamberlin, who not only have a superior skill set, but also the ability to deliver, on time, in full at a competitive price.

It's a real success story priced at silly levels down here - hence the Directors are mopping stock up.

Wise words - don't press the Buy button!!

What a complete sh*t show.

Talk about destruction of value.

Joke.

Is it a case of MHC's tests clashing with existing offerings within Boots and Lloyds ??
Hence the need to look for alternative channels?
Just a thought, will explore further.

Agreed.

The Director support for the stock has been phenomenal - that speaks volumes.

Morning.

He's bought the stock via his Family Trust.

The Personal Close Associate is actually 'The Family'.

This is from 2018, from a share purchase in Plastics Capital.
'The Company announces that BW Family Ltd, a trust set up for the benefit of Keith Butler Wheelhouse and his family, and which is considered to be a person closely associated with Mr Butler-Wheelhouse, Non-Executive Director of the Company, made the following purchases of ordinary shares of 1p each in the Company ("Ordinary Shares"): '

Just good housekeeping - all positive.

There she blows!

Keith Butler Wheelhouse getting in on the act!

Directors mopping up the stock down here - more than positive.

Classic recovery play.

Figs 14th March section 24 as the Guys pointed out to me this morning.

Interesting.

We'll soon find out if it's TB or not.

Looking at his current holding, he'll be nudging the holding limit percentage wise.