gretel
09 Apr 2018
Re: Encouraging trading update today CAR is a (relatively!) solid and very profitable stock - now on a P/E of only 7.9 - with good recurring income and niche specialisms with high barriers to entry.The earlier trading statement noted in LEDs "the previously awarded mid-volume programmes commence production from 2019", and re CTP "the new medical programmes won in Technical Plastics are expected to underpin good growth in this division".With the additional delayed work from the year to March'18, I suspect this year and next year could go rather well assuming stable markets.The core businesses have been consistently and extremely profitable - see the thread header post - with just the one blip last year. I believe this core business will continue to show good global growth.If a historic £9m PBT forecast to rise to £11.03m this year is "dire", then bring on more such companies 
))Especially against a current m/cap of only £65m.
Frankseluk6
09 Apr 2018
Your joking of course gretel. .... The statement says it's as bad asit was in January. IE DIRE.JMO
gretel
09 Apr 2018
Encouraging trading update today Good - a short and sweet year end trading update confirming that trading is in line with revised expectations. So, no more banana skins and the rot has been stopped.That means historic 9.15p EPS, and a current year forecast consensus 11.1p EPS.Which is a P/E of only 7.9.More detail of course with the upcoming prelims:[link]
gretel
06 Apr 2018
Trading update soon, plus expansion news Trading update will I assume be next week as usual. Given the director buying I'm hoping it'll be good. Even if CAR only meet the revised 9.15p EPS expectations they'll be on a derisory single-figure P/E, with 11.1p EPS forecast for the current year. News of expansion in India:[link] "Bangalore facility expansion 23 Mar 2018 LONDON, 23 March 2018. Carclo Technical Plastics Ltd (CTP) announces that it has expanded its manufacturing facility in Doddaballapur near Bangalore, India, enabling it to continue serving existing customers in the electronics industry and target the growing local medical market. CTP’s facility is accredited to ISO 9001 (ISO13485 pending) and has a capacity for approximately 40 injection moulding machines plus assembly capability. Key to the expansion is a new medical hall, equipped with state-of-the-art, all-electric injection moulding machines from leading supplier Fanuc. CTP has invested in new manufacturing space, injection moulding machines, ancillaries and specialist staff in Bangalore as it targets medical customers in the region. The expansion also provides significant scope for growth. CTP India Managing Director Gary Allan stated “Carclo Technical Plastics was initially established in Bangalore in 2007 with support from Suprajit Engineering, a long term partner of Carclo. This was followed by construction of a new, purpose-built operation in the same location in 2010. The business has built a strong reputation for high quality, reliable supply and customer service. CTP’s global facilities have long been involved in manufacture of disposable diagnostic and delivery devices and we are delighted to be expanding our facility in Bangalore and targeting medical plastic component opportunities in India.”Carclo Technical Plastics, www.carclo-ctp.co.uk, is the largest division within Carclo plc with manufacturing operations in the UK, East and West USA, Czech Republic, India and China. The business increasingly adds value to its customers by assembling and packaging finished devices for the medical, pharmaceutical, diagnostic and ophthalmic sectors. Typical products include drug delivery devices such as injection devices and asthma inhalers and diagnostic consumables such as pipette tips, reagent packs and Point-of-Care cartridges."
Lupo di mare
24 Mar 2018
Blinding headlights Could this cause problems further down the road - excuse the pun. It's a matter close to my heart."Drivers are being temporarily blinded by modern vehicle headlights, according to an RAC survey.Two-thirds of drivers say they are "regularly dazzled" by oncoming headlights even though they are dipped, the survey of 2,061 motorists suggests. One in 10 of those drivers said that it was five to 10 seconds before their eyesight then adjusted and they could see clearly again.The RAC said advances in headlight technology were causing the problem. About 15% of those drivers polled said they had nearly suffered a collision as a result of being dazzled by other drivers using full-beam headlights.RAC road safety spokesman Pete Williams said: "The intensity and brightness of some new car headlights is clearly causing difficulty for other road users."Headlight technology has advanced considerably in recent years, but while that may be better for the drivers of those particular vehicles, it is presenting an unwanted, new road safety risk for anyone driving towards them or even trying to pull out at a junction."All cars sold for road use in the UK have to be fitted with headlamps that conform to standards set by the EU in line with the UN's World Forum for Harmonization of Vehicle Regulations. A UN working party is currently looking at the issue of headlight glare with its next meeting due to be held at the end of next month.
gretel
16 Mar 2018
New manufacturing facility opened Good news:[link] Technical Plastics opens new UK facility 14 March 2018Carclo Technical Plastics (CTP) announces the official opening of its new manufacturing facility in Mitcham, Surrey.The new facility, which is based in Mitcham, Surrey, has invested in new manufacturing space, injection moulding machines, ancillaries and specialist staff support this and other projects.CTP has worked with BD Medical – Pharmaceutical Systems on the development and scale-up of its DV Vystra disposable pen.The new facility is intended for the manufacture of this product and was opened by councillor Stephen Alambritas and deputy mayor Judy Saunders from the London Borough of Merton.CTP’s UK managing director Patrick Ward stated “Carclo Technical Plastics is a specialist contract manufacturer of disposable diagnostic and drug delivery devices for the global medical industry. The Vystra ™ device underpins CTP’s continued growth within this sector.”
gretel
29 Jan 2018
Re: Director dealing Yep, great to see an NED buying £55,000 of shares at 84p or so. Another encouraging sign. That's £140,000 of director purchases in the last few days: [link]
paul1945
26 Jan 2018
Director dealing bought 65k must be good news ?
Lupo di mare
24 Jan 2018
Re: RNS: large director share buy Yes, I noticed that. Let's hope, for investors sake, that his buying was more opportune than Directors of Mitie, who, in the last 6 months have bought £100k worth @ 202p and 266p each. The price is now 175p.As for poor ol' Chris Malley being "not particularly wealthy", he was paid £315k last year, plus £303k in bonuses because "performance was in line with expectations". Ya wot! Just putting things in perspective, boys and girls. Never buy solely because Director(s) do. They should know no more than the market - I say "should".
gretel
24 Jan 2018
RNS: large director share buy Great to see the CEO splashing out £84,000 on shares at 83.87p. This is a significant move, given my understanding that CAR's directors are not particularly wealthy. It's certainly a large proportion of his net annual earnings:[link]
gretel
22 Jan 2018
Edison: P/E of 8.9 falling to 7.3 New research note out from Edison today - they go for 9.2p EPS for the year ending soon, with 11.2p EPS to March'19 (with a 3.9p dividend):[link] new valuation range is 145p-154p.They also note that (1) their forecasts are "conservative" re the introduction of the mid-volume auto lighting programme commencing this year, and (2) they've as yet taken no account of the likely tax benefits to CAR of the Trump tax cuts.Given CAR's usual volatility I agree their conclusion that if CAR issue news flow confirming that the delayed contracts are being signed off, then there could be a quick recovery back to 120p-130p and then upwards from there:"We believe that newsflow demonstrating that the contract delays besetting both divisions are over should help close the valuation gap, with potential for further share price appreciation beyond this as Carclo begins to deliver on the mid-volume automotive lighting programmes."
r21442
17 Jan 2018
IC update tip Tip Update: Hold at 83pTip styleGROWTHRisk ratingMEDIUMTimescaleMEDIUM TERMOur previous tipWe said BUY at 137p on 30 Apr 2015Tip performance to date-39%Mark RobinsonThe share price of Carclo (CAR) went into freefall after the plastics maker issued profit warnings and announced the departures of key executives, including chairman Michael Derbyshire.The board said it now expects to miss second-half guidance and anticipates full-year profit for the year ending March 31 to be “significantly” below guidance, partly as a consequence of “an unexpected delay in the awarding of two large tooling and automation contracts”. The board has now reduced its profit expectations for the 2018-19 financial year.At the half-year mark, we ventured that “shareholders will now concentrate on the extent to which the design and tooling profits will be second-half weighted”. Well, they won’t have to concentrate too hard on that score. A review is now under way in its technical plastics division, with the aim of reducing reliance on securing new business by driving unit profitability. And although the group continues to operate well within its banking covenants, it would be unwise to continue our buy call until more clarity is provided on the contractual issues. Unfortunately, profit warnings crave company. Hold at 83p.
magadi
17 Jan 2018
Current situation Been a long term holder of Carclo from pre CIT days. However with recent fall I am becoming more concerned about the future prospects and particularly the credibility of the management - will wait to see how new influential new blood might be and will hold in anticipation. Track record of Board not good in my opinion given their enthusiasm about CIT which would make 'significant' difference to future prospects of the group - well that was certainly true when 6 months later they announced the closure of the CIT operations with large write-off of assets and minimal value secured with sale of technology following US partners decision not to proceed as they could not secure premium value versus other technologies already established. This was then followed by the embarrassment of declaring a dividend that subsequently had to be withdrawn as pension fund trustees demanded disposable funds must be directed at reducing the pension fund deficit. We now have another climbdown as after a mid-November trading update declaring LED growth would offset softer plastic moulding demand so year end still seen to be in line with expectations within 2 months we have a profit warning as both Wipac and medical plastics will fail to achieve planned sales. As always with such 'timing' issues the assumption seems to be that the orders will materialise in due course as delayed rather than lost - time will tell but understandable how investors are losing patience with such a poor management track record.
gretel
17 Jan 2018
RNS: Aberforth buying again Aberforth continue to mop up shares at these levels. They've now have 11.6%, or 8.48m shares and must have bought over another 600,000 shares on Monday and Tuesday:[link]
Lupo di mare
17 Jan 2018
Re: Peel Hunt: 9p EPS rising to 10.9p EP... Should have added, Peel Hunt (house broker) now on 130p.
