The buzz
15 Jan 2018
Re: Missed targets, another review, board ch... What an awful update. Share price seems to have halved on current quotes. Not surprised that they have made some management changes. Just as well I bought only a very small token holding!The B
Frankseluk6
15 Jan 2018
Missed targets, another review, board changes I'm just surprised they haven't embarked on another overseas building programme. Down you go. ...
Lupo di mare
12 Jan 2018
Re: RNS: Schroders buying more You missed the bit about BR selling, gretel.Still, one has to ask what's prompted Schroder to buy more. Surely they're not party to inside information. But, of course, this is small stuff for Schroders.
gretel
12 Jan 2018
RNS: Schroders buying more Schroders have increased to above 10% with 7.78m shares....[link]
clifk
11 Jan 2018
Re: Sells Almost certainly BR. I seem to pick stocks that BR invest in - I hold FUM for example - and have to suffer through their unloading, for no very obvious reason. I wonder if they ever make money, as they seem to regularly sell out below their purchase price - I would assess that their strategy is based on a macro view of the market rather than individual stock assessment. My experience to date suggests that their exit is usually a good entry point - and not only just because of the elimination of the overhang.Nevertheless, their starting holding is several times anything I might hold, so there isno point swimming against the tide until there is evidence they have stopped selling/ are near to eliminating their holding. Of more encouragement would be to see an institutional investor like Henderson whose strategy is longer term taking up the slack.Keep watching the RNSs!
Lupo di mare
11 Jan 2018
Sells Some big sells going through. Wonder if it's BR lightening further.SP remaining pretty steady despite all that. Are we going to see a bid? Should I buy? It hasn't hit my 120p sp yet, and I don't know enough about what's going on behind the scenes, and I don't trust the bu ggers.So just watching out of interest. Trading update due in a couple of weeks.
gretel
12 Dec 2017
Bouncing today Good to see bargain hunting today. And this is definitely a bargain imho.CAR achieved 4.5p EPS even in a much below-par H1. Assuming that H2 is indeed stronger as anticipated by the directors, and that CAR does indeed "trade in line with its expectations for the full year", then the consensus 12.66p EPS puts CAR on a current year P/E of 9.9, falling to just 8.1 for the year starting in just 4 months' time.This for a company with highly secure and growing global income streams in its two core divisions.Even if CAR "only" matches H1, then the historic P/E would be just 13.6, likely falling to say 10 or 11.It's really a matter of whether investors want to buy in now, prior to the next trading statement, or wait to see if CAR delivers on its bullishness for H2 in that statement.
Lupo di mare
12 Dec 2017
sp Not looking good. Maybe it's just lack of news.I had made a mental note to reinvest here at 120p, but I just don't trust them: time and again they've said that debt is under control, or words to that effect, and then it rises. Time and again the Directors have made opaque announcements regarding matters being largely resolved, or similar.Staying out. Plenty of opportunities elsewhere.
Lupo di mare
08 Dec 2017
Re: US tax cuts to benefit CAR Agree with that, mnamna, the level of debt will be the determining factor for me on whether to reinvest or not. Along with that, obviously, will be the level of capex required, and I can't see that being anything other than onerous this year; so yes, totally agree.I stick with my, admittedly humble, belief that the LED should be sold off, leaving CAR to capitalise on TP as a debt-free company. The caveat is that I don't know what, if any, reliance each part has on the other. If none, then if CAR don't flog it off, a bidder might do it for them.
mnamna
08 Dec 2017
Re: US tax cuts to benefit CAR Hello Buzz,good to see you over here. I too have large holdings (for me) in both CAR and APFIMHO you are right the current pension deficit is a headache. One I winge about regularly. CAR debt and cashflow has not been good recently and the £1.2m annual payment to the pension fund leaves the company more indebted than I would like. Strangely, in the longer term I doubt the pension deficit will materialise, but in the short term it is another strain on the finances.I don't see the same situation at CAR and APF, though both might do well in time for different reasons. CAR's past and current investments has placed them well in two growth industries, high end LED optics primarily for supercars and plastic mouldings primarily for the medical market. Now the company badly needs the growth of profits and cashflow from its investments to improve itself balance sheet, restore dividends and fund the endless need for more R&D. The full year results will be most interesting after the banana skin of the interimsGood luck!
The buzz
07 Dec 2017
Re: US tax cuts to benefit CAR Don't forget that there could be some mega $ remittances from the likes of Apple. That could strengthen the value of the $. I see this as a bit of a double edged sword - the debt in $ will hurt more, but US profits and price competitiveness should improve.As an aside I had a quick look at the pension deficit in the recent results as I think of it as a bit of a headache.The key discount rate changed from 2.6% to 2.7% (the higher it is the lower the deficit) and cross checked with Tesco's pension scheme which went from 2.5% to 2.8%. So there might be scope for another small adjustment by Carclo from 2.7% to 2.8%.Oh before I forget, someone posted on the APF bb a few weeks ago saying that he was leaving APF for CAR as he thought that it was a much better bet. Well I bought a few CAR, but I am still showing a small loss. Whereas my APF shares are going from strength to strength and are on the verge of publishing some bumper final year results that I expect will boost the share price.The B
Lupo di mare
04 Dec 2017
Re: US tax cuts to benefit CAR or was strengthening against the $ - lol.
Lupo di mare
04 Dec 2017
Re: US tax cuts to benefit CAR You have to set currency impact on reported earnings against any benefit from Trump's tax changes. The £ is strengthening considerably against the $, and recently against the E; although the latter could change at the drop of a hat.
gretel
03 Dec 2017
US tax cuts to benefit CAR Assuming CAR's North American operating profits arise geographically in similar proportions to revenues, then CAR's tax costs would fall by some £500,000.Quite a benefit to CAR:[link]
paul1945
28 Nov 2017
Re: New research note out thanks 4 that
