gretel
08 Sep 2017
Equity Development : Buy, 200p target Equity Development have also maintained their forecasts. They go for 12.8p EPS this year and 15.5p EPS next year.For the subsequent two years they go for 17.6p EPS and 19.9p EPS.They also believe the stock is worth 200p per share on sum of the parts, and "possibly a lot more" with predatory interest.The visibility I talked about earlier is referred to in their report, with "the vast majority" of revenues tied to "long-cycle products, high client retention and OEM platforms with typical life-spans of between 5-20 years".
Lupo di mare
08 Sep 2017
Re: Finncap:165p target, maintain foreca... shuggle - "I would look to buy around 130p area"Brave, m8, brave. Question I ask atm is, how can anyone be assured that the directors have got a grip of the businesses?I do get where you're coming from, though - I think. I used to have my buy target at 120p, on the basis that that would be a good price for a buyer (of the company) to be able to get a good return by selling-off the LED and bigging-up TP - or combining TP with an existing similar.Been a bit out of touch lately, so need to check-out their last results.
shugg1e
07 Sep 2017
Re: Finncap:165p target, maintain forecasts They downgraded from buy to hold and maintained the 165p target.i would look to buy around 130p areashort term support gone can see it drifting lower with market weakness
Frankseluk6
07 Sep 2017
Carlclo should be re classified to the construction sector.JMO
gretel
07 Sep 2017
Finncap:165p target, maintain forecasts Finncap have maintained their forecasts and their 165p target.They currently go for 12.6p EPS this year and 15.2p EPS next year.They note that their price target is less than 10% from their "current" 155p share price at the open today, which is why for the moment they go to Hold from Buy. Of course the share price is now 143.5p. So perhaps tomorrow they'll move back to Buy!Commercia, take a look at my other posts elsewhere. I've multibagged recently on the likes of IQE, FDEV and KWS for example.. I happen to believe that this is just a blip, and that CAR will over time re-rate to 300p+, and perhaps a lot more. Just my opinion.
commercia
07 Sep 2017
Re: Trading in line for the year Are you on carclo's payroll Gretel?? you have to be. Carclo have form with poor execution of great opportunities. Managements decision making has aided considerable capital destruction here
commercia
07 Sep 2017
Re: Trading in line for the year Are you on carclo's payroll Gretel?? you have to be. Carclo have form with poor execution of great opportunities. Managements decision making has aided considerable capital destruction here
Lupo di mare
07 Sep 2017
Re: Trading in line for the year Carclo doesn't appear to be capable of creating sufficient cashflow to cover its investment requirements, and that is why I suggested that it should flog the LED and concentrate its resources on TP. It's possible that someone else will do that for them - but I wouldn't expect a massive premium to its present sp.Just thought that I'd clarify my earlier comment. Happy to listen to alternative points of view.
Lupo di mare
07 Sep 2017
Re: Trading in line for the year You forgot to mention Finncap, gretel."finnCap today downgrades its investment rating on Carclo PLC (LON:CAR) to hold (from buy) and left its price target at 165p."
gretel
07 Sep 2017
Re: Trading in line for the year N+1 Singer have retained their Buy with a 175p target.They also keep their forecasts of 12.5p EPS this year and 15p EPS next year.CAR have very good visibility over future revenues in both their core divisions, so with only a few months until the year end their assertion that they see H2 being much stronger has excellent credibility.The share price is bouncing now with common sense taking hold. And the MMs having screwed sellers with this morning's markdown!
commercia
07 Sep 2017
Re: Trading in line for the year yeah and its down 8% on open..
Lupo di mare
07 Sep 2017
Re: Trading in line for the year Just a repeat of so many updates, jam tomorrow and, whoops, debt gonna be higher because of investment for that golden future.I repeat that they should sell the LED, clear the debt and invest big time in TP.Always read between the lines, is Lupo's motto.
Lupo di mare
07 Sep 2017
Re: Trading in line for the year Just want to make clear, for my street cred, that I'm no longer invested.
gretel
07 Sep 2017
Trading in line for the year Today's AGM update is a little mixed, but fine overall with trading expected to be in line.The message is - LED division terrific, Aerospace good, CTP not so good in H1 with a few teething troubles but looking much stronger for H2. Most importantly, the outlook remains confident:"The Board continues to expect the Group to deliver results for the year as a whole in line with its previous expectations and is confident that all divisions are well placed to make strong progress thereafter."Happy to continue holding given expectations for around 13p EPS this year look as if they will be at least met.
gretel
17 Aug 2017
RNS : new major shareholder Encouraging to see a new major shareholder here, and also to see overseas-based funds taking an interest in a UK small-cap stock like CAR.Financière de L'Echiquier have bought another 500,000 shares and are up to 2.5m, or 3.44%:[link] pretty big - no wonder the price has been nice and stable. Let's hope they continue to buy up remaining stock:"La Financière de l'Échiquier , sometimes abbreviated LFDE , is one of the leading independent asset management companies in France, founded in Paris in 1991 by Didier Le Menestrel and Christian Gueugnier. In 2017, its assets under management on behalf of third parties (private and institutional investors) amounted to 7.5 billion euros, managed through a range of 14 UCITS."
