thirty fifty twenty
18 Apr 2018
at 80p great trading update the trading update here seems to have missed most investors attention.the company has invested in new production,and now sees strong orders coming in.with high fixed costs, EPS will grow rapidly with increases orders,and CASH flow will be ahead of EPS given that the investment is already made.the shares are tightly held but one could easily see EPS of 20p in 2 years time.the turnaround and confidence is supported by a decent chart baseAll IMHO, DYOR + BoLCMH is in my portfolio
TX2
29 Nov 2017
Re: Awful results Interesting point Jacko;the engineering businesses have a turnover of £11m or so,long established with a niche product range and may have a decent value.I have looked at this business on and off for years but it has always seemed to have had too many problems.
Willow67
28 Nov 2017
Re: Awful results I am thrilled I got out with a 25% loss. Shares going to head a lot lower, there is nothing to support them. IM humble O, get out while you can
Another Jacko
28 Nov 2017
Re: Awful results Maybe they should sell the engineering businesses and conentrate on the foundries?
TX2
28 Nov 2017
Re: Awful results Yes very tight finances;the £3.8 net pension shortfall is a deferred liability and it is not in their interests to close the business & there is little advantage for bankers to call in their loan as it is unlikely the company can presently repay.However I would have thought at least additional equity funding of around £2m plus is required if the company is going to continue in its present form which could be very dilutive otherwise a sale of the business could happen which is likely to give little or no return to shareholders.
Another Jacko
28 Nov 2017
Awful results Awful results this morning. They have little headroom against their facilities now. There is a chance they will go bust imo.Glad I got out of these for a profit.
Snapper005
02 Oct 2017
Re: Good AGM trading update today Brexit?
Willow67
13 Sep 2017
Re: Good AGM trading update today shares are having an absolute shocker
gretel
20 Jul 2017
Good AGM trading update today with sales ahead of expectations and a solid start to the year. Plus the announcement of a €3.7m renewal contract going forward[link] Company has made a good start to the new financial year with sales in the first three months slightly ahead of management expectations. We have made additional investment at our new machining facility to support the increasing volumes and, accordingly, first half costs will reflect this. "I am also pleased to highlight a major new contract signed by our foundry operation in the period with an existing customer, a leading European supplier of components and parts to the automotive industry. Worth €3.7 million over its seven year term, the contract commences towards the end of 2019 and will replace an existing programme at Walsall for the same customer, which is coming to the end of its life cycle. The award underlines our technical expertise and high service standards as well as our strong customer relationships. "The Board looks forward to providing a further update on trading in due course."
gretel
19 Jul 2017
AGM statement coming tomorrow Surprising retrace, but this is a very illiquid stock and volumes have ben small with a few sells.An opportunity imho - particularly with the AGM statement coming on Thursday.
gretel
22 Jun 2017
Good new article on CMH [link] machining investment21 Jun 2017Chamberlin & Hill Castings Ltd is installing three high specification Chiron Scherer Feinbau automated mill/turn centresA £1.8m investment in a custom-built finish machining facility will enable a West Midlands company to become a fully integrated supplier of grey iron bearing housings for engine turbochargers.The investment at Chamberlin & Hill Castings Ltd will see the installation of three high specification Chiron Scherer Feinbau automated mill/turn centres supplied by the Wellesbourne based Engineering Technology Group (ETG).“Without investing in machining capacity, the customer made it clear that it would have to review Chamberlin & Hill’s position as a supplier,” said Kevin Nolan, chief executive, Chamberlin & Hill Castings Ltd.“In contrast, if we did make the investment, we were probably going to become the most significant supplier of turbo bearing housings in Europe.”Chamberlin & Hill has many years’ experience as a specialist supplier of light and medium castings to the automotive industry, but in recent times has embarked on repositioning itself to become an assembly ready Tier 1 component supplier to the automotive turbocharger sector. A major, long standing customer is Borg Warner who had earlier advised Chamberlin & Hill they were seeking an “integrated supply” in order to streamline its supply chain. Three Chiron machining cells were ordered, two of which were commissioned in February 2017, with a third scheduled to arrive in November this year. The capacity provided by these three machines has already been sold, bringing about additional revenue worth several million pounds per year. The company is currently machining one turbo bearing housing every 81 seconds per cell floor-to-floor time. Ultimately, the investment in Chiron technology is set to facilitate growth from the foundry of 30% in 2017/18, and, when the three machining cells are fully utilised, an additional £3 million of business from the machining facility."
gretel
12 Jun 2017
Tipped in new Master Investor magazine The June edition of Master Investor magazine out this weekend (p.40) tips CMH as one of three AIM companies to grow from "Acorns to oak trees"....[link] in Chamberlin have more than trebled since last year's lows of 50.5p and at the current price of 152.5p per share the company is valued at £12.14 million. That values the business on a multiple of just 7.8 times earnings forecastsfor the year to March 2018 from analysts at Hardman. The multiple falls to 6.5 times for 2019, although there is no dividend expected in either year.While the valuation remains relatively low here the balance sheet is not as strong as some investors might like. The net debt position as at end March 2017 was £6.8 million, up from £3.2 million 12 months earlier, mainly as a result of investing in the new machining facility. In addition, there is a pension deficit of £5.2 million to contend with, with the company making an annual deficit reduction contribution of c.£0.3 million. Nevertheless, these contributions are easily funded out of operating income and interest payments on borrowings were covered a comfortable 4.6 times by operating profits in the last financial year.As a good value recovery play, Chamberlin shares look like a longtermbuy and hold."
gretel
05 Jun 2017
RNS : new major shareholder RNS - Thomas Charlton has gone above 3% with 242,500 shares:[link] worth noting who exactly he is....[link] Thomas William George Charlton, also known as Tom, MA served as Managing Director of Merrill Lynch Investment Managers from 1998 to August 2002. Mr. Charlton has in-depth investment knowledge together with broad experience and interest in the smaller companies sector. etc"
gretel
01 Jun 2017
Tipped again Very positive article on Share Prophets this weekend - here's an interesting excerpt:[link] prophets.com/views/29361/chamberlin-full-year-results-and-management-chat"However, talking to management, they emphasised the noted investment is underpinned by orders and that there is thus strong confidence in the profitable growth and debt support going forward. This is also with now Walsall “one of only four specialist foundries in Europe with the technical capability of supplying castings for turbochargers and, with our new machining capability, the foundry is now the only fully integrated supplier of grey iron bearing housings in Europe”.Although there will be continued elevated capex at Walsall this year, the impact of the new facility is also visible in profit forecasts – with a pre-tax circa £2 million still anticipated."
Willow67
28 May 2017
Hardman's piece [link]
