The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I am going to stick my neck out and predict a stronger finish today. I think the share has been off a lot of radars and news will only filter through today.
Some big buys through today. The director buy is significant.
Would be nice to finally get pay back!
This share has been gathering dust for a long time for me. Really think it should turn a corner now.
The RNS: Corac Group plc, a group of innovative UK based engineering companies, active in energy and environmental technologies, is pleased to report that its subsidiary Corac Energy Technologies (CET) will commence a funded feasibility study on behalf of FTSE 100 global oil and gas explorer, Tullow Oil plc. The project with Tullow Oil will focus on wellhead compression on a gas production platform in the Southern North Sea. Phil Cartmell, Chief Executive of Corac Group commented: "We are delighted with this agreement with Tullow Oil. Our recent achievements in the field trial of Corac compressors downhole in Texas has given us a real boost in demonstrating to the key markets that our technologies are maturing quickly. For a major company like Tullow Oil to sign up at this stage in development further adds to our confidence in the near term prospects for Corac compression technologies."
This should be the start of a very stepp upwards curve. GLA.
This has been at the very bottom of a dusty drawer for me for a long time! I see I have missed some news but it's pleasing to see a rise in SPafter so long.
Good timing although you may have wait a few months for the realy significan news. There could be further positive news flow this month though and everything is in place for a very big rise in SP.
17.66 paid. More to follow I suspect. I am going to predict a close of 17.75. Any takers?
Resistance at 17.592. Will we hit this today? http://www.barchart.com/opinions/stocks/CRA.LS
I'm happy to let this edge up slowly until news comes from testing.
More big buys at the end of the day. Something is stirring with this company. I was disappointed more did not happen last November but i think big news is more imminent now.
Yes, agreed but I think the big contract is on its way this year. What they have done (as proven in the RNS earlier this week) is put the company on a stable footing. CRA is well run and delivers (unlike so many on AIM) good news with increasing frequency.
7th February 2013 CORAC GROUP PLC ("Corac" or the "Group") ACI secures order for submarine air purification equipment Corac Group plc, the innovative technology-led engineering group, serving the global oil and gas, defence and industrial markets, today announces a further order for its subsidiary Atmosphere Control International (ACI). Under the terms of the contract, ACI will supply air purification equipment to an overseas submarine programme. The order value is in excess of £0.7m and will be delivered during the fourth quarter of 2013, increasing ACI's revenue visibility for the year. The contract is an extension of ACI's participation in a long established programme and demonstrates the continuity of business ACI enjoys through such relationships. This latest order reflects a widespread growth of global submarine capability, with recent reports indicating that in the next ten years more than 80 boats will be launched in the Asia Pacific region. ACI is committed to supporting this market with world-leading technology and substantial operational experience. Phil Cartmell, Chairman of Corac said: "This order represents a good start to the year for ACI, and confirms our confidence that the combined current order book places Corac in a good position.
Chart is 100% buy. http://www.barchart.com/opinions/stocks/CRA.LS
Buying continues...
100% buy on chart reading. I am content to hold as I have no spare cash at the moment but others may well be able to top up.
You've been here as long as me - testing our patience but I think it will be rewarded soon.
BEATS EXPECTATIONS: Corac Group plc the innovative technology-led engineering group, serving the global oil and gas, defence and industrial markets, today announces a trading update for its financial year ended 31 December 2012 and notice of results. Trading Update The Board expects that the Group's financial performance will be ahead of market expectations. Cash and cash equivalents are also ahead of market expectations, at £6.6 million at year end (30 June 2012: £6.8 million). During 2012, the Group successfully integrated the two acquired businesses that have contributed revenues and profits to the overall result, whilst the gas compression development programmes continued to progress well. Following delivery to the American partner, pre-deployment system checks on the first DGC have been completed successfully. The system is now ready to begin deployment and preparatory work is advanced on the well.
15% up. Positive RNS