Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Hi BEZA, Never heard of Beximco but will take a look. Re. lft testing, my teenage son received half a dozen of these quick tests from school and is encouraged to report the results on the nhs website. Looked at the packaging and they say Made in China, which may be why they are generally viewed as unreliable. The future market for UK made ones will be huge (for airports, sports and music events) especially now the Indian variant is taking off. It's all a matter of when the company is allowed to release news about contracts etc.
I only started investing in Carclo when they fell to 5p last year and was rcently shocked to discover I have .5% of the company. I sold a few at 60+ some weeks ago but bought back at 55p. The sp has had a stellar performance but there must be more to run given that factories are running 24/7 and they have bought new machinery and have been recruiting in US, India and Mitcham. I don't like to use the term, no-brainer, but with this share I think the risk v reward certainly is at the current price. The only thing that concerns me is the strongly over-valued US market but in Carclo's case it might be better to be in than out.
Cheers
Interesting article in FT, "Revolution in DIY testing that will outlive the pandemic", indicating that quick tests will be with us for years, for covid and other viruses. Am assuming that news concerning a tie-up with a.n.other pharma company will be disclosed with results this month. If the news is good then expect some unusual movements in the price spread and the mm's to artificially lower the sp beforehand.
Great start to the 1st of June...almost £200k bought with no sells in the first half hour!
60p appears to be a solid floor tor the sp...let's hope that the results which are due any day give justice to the genuine prospects of this company (principally in the medical plastics division).
As the SuperHero says: Up, up and away!
Never thought I’d be doing this, but I’m topping up at this price. Surely just nervousness about results due next month, however, with the factories working flat out 24/7 the risk v reward looks well in favour of good figures.
18% spread here. Is this a record for an AIM stock?
Thanks Phenom and good luck with the pension plan. I was actually 10 minutes too slow to buy when they shot up from 4p to 12p earlier this year! Am always wary when a stock shoots up too quickly and doesn't come down but I'll certainly be keeping a patient eye out on Piri.
I've been cnsidering the implications on the sp regarding Pluto. If you've had your eyes glued to coinmarketcap or similar over the weekend you'll know that Ethereum related cryptos have done very well since yesterday. I assume this may be a small contributing factor to the improvment in today's sp. As a crypto investor, however, I can't help feeling that a major downturn is due for the whole crypto market (binance going bust due to a Chinese crackdown or the Fed creating a crypto $, for example). What would then be the implications for Piri In regard to Pluto? Piri does have interesting investments but with a smaller Pluto is 10p a fair value?
I have to agree that the 16% deal over the new Arts company was scandalous. However, there may be some future value in the nft side of the business. Todays article in the guardian about Kate Moss selling a video of her sleeping via a nft provides possibilities for the blockchain technology, which people have been experimenting with for some time - selling pop songs was way too cumbersome but high art & video might be a leading way to profit from it...briefly.
I did have a limited edition prints business and all I can add is that if it does generate excitement amongst kpop-pers and the like and the sp shoots up accordingly, then get your finger on the sell button as these fashions can be as volatile as any cryptocoins. Although I dislike the way things have been managed I am keeping my shares in the belief they should rise later in the year.
It's always a good idea to take some profits but would have thought it to be more beneficial to wait until they release some news of the covid and other big orders that they're working on. Markets may be a bit jittery at the moment but once some news gets out then the price will jump and you could miss the boat.
Car is still in the recovery stage (what are we looking at? Not even halfway?)
In exactly the same position. Thought about offloading 5% at 80p or so after news of Avacta tie-up. Cash is good to have now that S&P is strongly overvalued but you might want to look into ftc & lpa, both are small manufacturing companies with physical assets and good prospects.
Wouldn't be surprised to see a whopping spread to prevent further selling!
I used to have a limited edition prints business...the difference here is the possible use of non fungible tokens which might create some digital value.
Was going to buy some more today but got beaten with this news. If the bricks business can support it then ok, but it may be worth exiting shortly after the hype of the Art sale in October. Shame
Have been holding LPA the past year...disappointing to see a drift lower to 63/70p, however, according to share-celebrity, castleford tiger, they should be at £1.50 late 2021/early 2022.
This could be possible given that they have new orders and may resume dividends soon.
Another point to consider is that a fair portion of the company is in private hands, so any large-scale disposals may provide greater liquidity, which in a company this size would be a good thing.
The small technical/electronics sector seems to be in the doldrums so it might be worth a punt and topping-up in my humble view.
Agree with yourself and Wigwammer...there is no imperative to sell so just let the shares roll. With continued machinery investment being made (see previous posts about the US and Mitcham plants) revenue and profits should increase over the next few years. By the time they restart paying a dividend their debt should also be reduced.
Am in the same boat and hugely overweight with Carclo. I shan't be adding though as the golden rule is not to put too many eggs in the one basket however optimistic the future! At 36p there are many other stocks which offer similar rewards, so I'm sitting and letting it roll.
The only way it can get hammered is if a factory blows up! They have production in several continents and the plastics division has 24/7 work for years to come. SP will go up gor years but in a zig-zag curve. New short term investors post Duroc may sell out in the event of a market correction but earnings will rise and rise. Any dip below 30 looks a good buying opportunity. I have held since 6p & will wait til 2022
I also bought in at 5p, 13p, 20p and am happy to let profits roll up to an optimistic 75p. Hopefully the next results will be more inspiring than the last (I use the word inspiring rather than positive, as the last results weren't exactly that bad). That said, there may be a retracement in the sp as a possible market correction occurs. I don't want to appear to be a gloom and doomster but I can see the s&p tumbling in the near future and taking UK stocks down with it and carclo back to mid 20s.
Jackbal, we had similar strange price meovments when Peel Hunt were reducing their holdings last year...sp going up during the day and down again before the close, and the spreads extreme between .2 and 12%. And after Peel Hunt sold out the share drifted down to 13p, but now I'm not so sure there will be such a dramatic price drop.
Just read the comment today from Chief Executive Alastair Smith of Avacta: "we are close to fully establishing our supply chain for scalable manufacture of test kits". If carclo is involved with avacta in reliable & fast covid test kits then we have good reason to be optimistic. Always thought carclo's share price would be a bit higher if they branded themselves more as a medical plastics company than a general industrial chemical outfit.
Sold my large caps and bought more carclo at a penny more than the new director. Does seem a no brainer not to go really overweight especially for all who have been following this company - unless someone can produce a vaccine pill tomorrow the prospects look too too good!
Forgot to mention that he didn't buy any shares in his previous company, RPC plastics, so a first purchase at Carclo could indicate a could seal of approval over the next year or so.
I was looking at the background of the new guys and it seems Frank Doorenbosch is also a director of Thingtrax, a small company which helps factories become more efficient, using smart technology and AI. Shouldn't be surprised if he is bringing them in to maximise medical plastics production, which I would imagine they need at the moment.
I had decided not to buy any more shares given that I am very overweight, but if the buy price dips below 21p then I am inclined to purchase more as I've always regarded Carclo's risk v reward to be very good in the current covid environment.