gretel
08 Jun 2017
Analysts' presentation is here Here's the analysts' presentation FYI - a very positive outlook:[link] Our growth throughout the year continued to be strong and was in line with the Board’s expectations. This has driven a significant increase in profitability Our Technical Plastics division is continuing to facilitate strong growth in revenues which is resulting in good margin appreciation. The acquisition of PTD provides further capabilities and opportunities for this division and its customer base has been enthusiastic about the combination of our businesses leading to an enhanced offering going forward In LED Technologies, Wipac has continued to perform well, benefiting from good product demand and its continuing ability to win new customer programmes; it is expected to deliver significant growth into the future. The acquisition of FLTC adds skills, capabilities and further design resources to our LED Technologies Wipac supercar and luxury car lighting business which will help it to realise its growth strategy We closed the year with, a strong order book, encouraging sales momentum and an exciting pipeline of opportunities across our businesses and we expect the growth that we have seen in recent years to continue. We are well placed to increase the Group’s profitability through the coming years"
gretel
06 Jun 2017
Lots of upside imo N+1 Singer are forecasting (conservatively) 12.5p EPS this year, rising 20% to 15p EPS next year.Even on a pretty prudent P/E of 13 it's therefore possible to see at least a 200p share price in say 9 months' time as CAR ends this year and moves towards the 2018/19 year.No-one really cares about the dividend - CAR is more of a growth company these days - but it's good to see moves being put in place to reorganise the subsidiaries' distributable reserves to hopefully reinstate dividends in 2018/19. As well as the large reduction in the pension deficit since H1.
gretel
06 Jun 2017
Peel Hunt raise target price to 200p Peel Hunt have increased their price target to 200p (from 190p):[link]
Frankseluk6
06 Jun 2017
Pension deficit balloons. No div till 2020 Net debt increased. But group trading in line. A number of issues remain. If company can sort pension (but why would they, it's their personal futures) and debt shares will respond.Jmo
gretel
06 Jun 2017
Terrific results today Excellent results - 12.1p EPS is well ahead of consensus 11.45p EPS expectations.With consensus 13p EPS for this year, the P/E is now just 10.8:[link] - underlying profits up 25% - EPS up 20% - both CTP and Wipac going gangbusters - and this year looking great with a "Strong order book and momentum into the new financial year"The narrative details the big opportunities and expansion going on worldwide - all customer and order-led.The outlook sums it up: "The Group has yet again delivered a strong trading performance during the year, and made excellent progress in implementing its stated strategic objectives. The two acquisitions made during the year are well aligned to our strategy and we have been successful in rapidly integrating both companies into the Group.Having exited the year with record order intake and pipeline within CTP and with the early delivery of our objective for Wipac of securing a second mid-volume lighting programme, we remain on course to deliver strong improvements in returns over the coming years to our shareholders."The pension deficit has reduced hugely since the interims, and the company note that 2018/19 may see the return of dividends.The share price is extremely cheap imo.
equity_dev
02 Jun 2017
See management present If you would like to hear Christopher Malley, CEO, present on behalf of Carclo he will be at our next investor forum on the evening of Wednesday 21st June. Other companies also presenting are Accsys Technologies and Lombard Risk Management.In order to find out more and to register for free please visit: [link]
Lupo di mare
01 Jun 2017
Results Tuesday Just a reminder, folks.
gretel
24 May 2017
New Buy tip for CAR today [link] the fast laneCarclo (LSE: CAR) is another hot growth star trading far too cheaply, in my opinion.The engineering play has a long track record of generating formidable, double-digit earnings expansion. And the number crunchers see no reason for this rich record to end any time soon -- rises of 13% and 21% are pencilled-in for the years to March 2018 and 2019 respectively, following on from a predicted 14% surge for last year.These predictions leave Carclo dealing on a forward P/E multiple of 11.2 times, as well as a PEG ratio of 0.9 times, figures which fail to truly value the progress the plastics manufacturer is making just in the automotive sector.The LED division's Wipac arm -- which builds lighting systems for the prestige car market -- has "continued to win new lighting programmes," Carclo announced earlier this month.And most promisingly, the West Yorkshire business announced it had won a second mid-volume project on a vehicle for the hybrid market, a huge step in its progression into the mid-volume area.I reckon Carclo could prove a spectacular growth pick in the coming years, particularly as global vehicle build rates continue to soar."
gretel
27 Apr 2017
Car to benefit from tax cuts in USA It's worth noting that almost a third of CAR's revenues are generated in North America, and CAR's tax rate at 23.7% is quite a bit higher than UK rates as significant profits are generated there.So Trump's overnight announcement that US corporate tax should be cut from 35% to 15% would be a big boost to CAR. He faces some opposition in getting it through, but it would certainly represent a material windfall to CAR.Looking strong at present - new recent highs now for the share price.
gretel
26 Apr 2017
Moving up, near new recent highs A nice £268,000 buy at 143p just reported...
paul1945
25 Apr 2017
Re: New tip for CAR thanks for news
gretel
25 Apr 2017
New tip for CAR CAR have just been tipped here - interesting to see the 2018/19 forecast of 15.65p EPS now coming into play:[link] "2 smart things you could do with £1,000 right now The Motley Fool 24 Apr 2017, 16:34 Technical plastic products supplier Carclo(LSE: CAR) issued a trading update earlier this month, with the group delivering good growth after an anticipated strong second-half performance. Preliminary results for the year ended 31 March won't be officially released until 6 June, but here's why I think this could be a great small-cap stock to tuck away for the long term. Premium car market The West Yorkshire-based business is the leading global manufacturer of fine tolerance parts for the Medical, Industrial, Aerospace, and Luxury & Supercar Lighting markets. Approximately three fifths of group revenues are generated from the supply of fine tolerance, injection-moulded plastic components, primarily for medical products. The rest is derived mainly from the design and supply of specialised injection-moulded LED-based lighting systems to the premium car market. The small-cap firm's latest update confirmed that its Technical Plastics division had delivered yet another year of growth and operating margin improvement, with margins expected to be close to its 10% target. The LED division's Wipac business has continued to win new lighting programmes and has been awarded a second mid-volume project on a vehicle for the hybrid market. The win is important for the division as it endorses the company's strategy to move into the mid-volume sector. Attractive valuation Carclo's performance has been impressive in recent years, with revenues rising year-on-year from £87m in FY 2013, to £119m for FY 2016. According to our friends in the City, this figure is expected to rise by 19% for the financial year just ended to £142m, and by a further 11% to £157m by fiscal 2019. The group has also achieved strong levels of growth in underlying earnings, rising by a massive 94% from just 6.2p per share in FY 2013 to last year's reported figure of 10.1p per share. Analysts' consensus forecasts suggest that earnings should continue to grow at a healthy rate, rising by a further 55% by FY 2019 to 15.65p per share. This leaves the shares trading on a very attractive valuation of just 11 times earnings for the year to March 2018, dropping to just nine times by FY 2019. I currently view Carclo as a buy for growth hunters who don't mind taking on a higher degree of risk at the small-cap end of the market."
gretel
20 Apr 2017
Ticking up after large Buy trade Nice £327,000 buy at 137.63p just reported, presumably from earlier today with the share price moving up as a result.
gretel
13 Apr 2017
New Edison report just out They go for 13.1p EPS for the current year (and 11.6p EPS for the year just ended), with a valuation range of between 153p-162p:[link] a current year P/E of only 10.4.
Lupo di mare
12 Apr 2017
Massive buy Hmm, doesn't look as if I'm going to get my 120p target. That buy must represent some 3% of its MCap. Somebody going to do the decent thing? It can't be a positive response to the update, because that was nothing to get excited about.
