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No, it is not far fetched to envisage Carclo having a market cap of £365 million
There are some who think that this price could eventually revisit previous highs of £5.....when you consider that there has been no dilution of the equity base, and that the ongoing turnover of the group ( ex Wipac ) is £100m , and that is before any boost that might result from Covid related contracts , then really the idea is not that far fetched. Personally i think that it is far too soon to take profits, but everyone has their own agenda.
N
''It's always a good idea to take some profits but''
yes and hopefully the number wishing to take profits is dwindling and the upward movement can proceed once again. Directors have not sold their cheap shares yet
It's always a good idea to take some profits but would have thought it to be more beneficial to wait until they release some news of the covid and other big orders that they're working on. Markets may be a bit jittery at the moment but once some news gets out then the price will jump and you could miss the boat.
Car is still in the recovery stage (what are we looking at? Not even halfway?)
Looks to me like the market makers are getting weak holders to sell whilst filling buy orders at a good profit.
Jmo
Sold all this morning, getting out before the big drop today, as we clearly seem to be in a down trend from good highs and heading for the general trend line drawn over the past few months. Made a loss but you've just gotta do it. When we get below that trend line will be back in as is a good company.
Cheers watching and likewise. I don’t often get out the top so signs are good for all..
a great perfomance...sp closed last friday 55p.....a classic backtest yday/today.....twas ever thus....a few peeps get wobbly AM...pros come in PM.....you cant buy these in any quantity for love or money.....gd w/e all
Agree entirely. I guess if you bought loads at 5p it would be tempting to take the money and run. A switchback performance like today could be too worrying! Take the long view.
some inevitable profit taking by some investors. Valuations don't go up in a straight line.
Hoping that profit takers have jumped way too early.
Carclo valuation is tiny - large ramping up of business to take place this year.
The directors who purchased recently at a low share price are in no hurry to sell it appears
Lot of selling going on this morning. Wonder where the week is going to finish?
It's the market, affected by buyers and sellers. It looks to me as though with having closed last night at 68.8, this morning's open at 71 proved too optimistic to sustain for long in a somewhat negative market mood and it fell accordingly. It did make a similar move in the other direction at about 09:11 and seesawed for most of the morning.
Can anyone point to me somewhere where they explain how prices are changed and reported?
I can't make sense of this morning price changes. Carclo's reported share trades at: https://www.londonstockexchange.com/stock/CAR/carclo-plc/trade-recap?page=15 it shows
8:29:02 500@70.00 & 8:37:58 3000@65.68
The graph shows the price dropping from 70.00 @ 8:34 to 65.58@8:36
AstraZeneca Indian headquarters and manufacturing site, is within 5 miles of Carclo's Indian factory.
AZ also have stated a desire to increase their diagnostic testing capabilities.
Avacta's chairman has also links with AZ.
All fits together.
IMO GLA
The India location is interesting, Don't know how that passed me by. I was excited by uk- manufacturing for us . Czech manufacturing for EU and China for the rest of the world. Really well placed locations for a medical devices company in a global pandemic. Especially with a relationship with Avacta who will soon be the busiest covid test reagent supplier. Perfect synergy
Helico international have a facility near Carclo.
CAR's Indian facility is showing "strong growth" due to Covid......
Https://www.medicaldevice-network.com/contractors/manufacturing/carclo/pressreleases/doddaballapur-facility-covid/
"Carclo Technical Plastics Ltd (CTP) Announces that its Manufacturing Facility in Doddaballapur near Bengaluru, India, is Experiencing Strong Growth, Driven by a Response to the COVID-19 Pandemic
10 May 2021
Carclo Technical Plastics Ltd (CTP) announces that its manufacturing facility in Doddaballapur near Bengaluru, India, is experiencing strong growth, driven by a response to the COVID-19 pandemic.
CTP’s facility is accredited to ISO 9001 and ISO13485 and has a capacity for approximately 40 injection moulding machines plus assembly capability in white room and ISO class 8 clean room. Recent new applications include the medical diagnostics sector for a global market leader with a manufacturing facility nearby.
During 2020, the company developed and commenced manufacture of a Faceshield for PPE, see hxxps://carclo-safetywear.com, which is selling successfully. In addition, CTP India is involved in other applications such as ventilators and drug delivery devices.
CTP continues to invest in new manufacturing space, injection moulding machines, ancillaries and specialist staff in Bengaluru as it continues to target medical customers in the region and overseas."
The S & P 500 is only comprised now of 2.8% energy companies. Passive investing and SP 500 index investing has just exploded over the years, plus ESG investing has also impacted the energy companies. I think you can find some real value in energy. I bought RRC, range resources(trades on the NYSE) over the summer at less than $3 a share, it just hit $12. I would put a target on it at twice that. RRC sits on a behemoth NG gas reserve in Southwest PA. Analysts underestimate that in my opinion. My two cents only is if you do some research on energy companies here in the US, you will find some real winners. I also own Royal Dutch and Energy Transfer
Energy Transfer reaped a $1 billion extra profit a few months ago, they r an MLP. Trading at a low PE multiple. Tweedy Browne, a value firm I follow, opened a position in Rubis, a French MLP. The colonial pipeline over here in the US got shut down due to a cyber attack between that and the Texas freeze Nat gas supply and energy seem undervalued and under appreciated plus a lot of the flows went into the passive sp 500 company in the index, just my 2 cents, glad to hear some of you all are reaping some gains here with Carclo, it’s a great story
I sold some Carclo at £1.78p on 26th June 2017.
Any reason why the prospects are not such that this price level of less than 4 years ago cannot be achieved is a speedy timescale?
Yes always difficult to call a top and it (a good profit) can often paradoxically, end up feeling like a loss when the sp then doubles again! Nice position to be in tho.
Looking to the charts, they show 7 above average buy volume days in the last 11 which suggests more to come. V little above average sell days for some time so it's a hold tight for me for now.
The only thing that reliably helps me is to average my way in and out of the position (depending on amounts of £ involved)
Well done. Jackbal
I think you may of bailed out to soon
But good luck in your next investment
After today no longer holding a single share!
Lovely run from 10p and feel I’ve done well enough on this but could easily double from here.
Nice one everyone who jumped on this quickly after the bank rolled debt over
If you got in real early, nothing wrong with taking some profit, but shareholders of carclo got to be asking, who is buying?, what do they know?, and why buy now? Who bought last week and why? Schroeder’s
Interesting dynamic on the pension deficit, when yields go up, pension deficit goes down. A company can borrow now, lock in rates at all time lows, while Carclo is locking in contracts and reducing net debt.
DYOR though.
it reminds me of SDI Group, I started buying it last year with a similar cap of £50m and cheap multiples ... it's now $150m after a few incredible months. Same feeling with Carclo, tiny cap and cheap multiples (plus other positive signals). DYOR
still only about a tiny £50 million.
Not selling a single share