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News not posted here before:
Https://www.carclo.co.uk/news/carclo-unveils-expanded-medical-manufacturing-facility-and-design-engineering-excellence
"Carclo Unveils Expanded Medical Manufacturing Facility and Design & Engineering Excellence Center in Greensburg, PA
22nd May 2024
Carclo Greensburg, PA, USA
Carclo unveiled a newly expanded medical manufacturing location in Greensburg, PA designed to support state-of-the-art automated assembly. This space affords the opportunity to create maximum operational efficiency in supporting automated assembly manufacturing with a dedicated highly skilled team of engineers, technicians, and quality personnel.
In addition to the increased manufacturing assembly space, the site also hosts Carclo’s newly developed Design & Engineering Excellence Center. The new D&E center will provide Carclo and its customers with a space custom tailored to sampling & product development, expedited validation, and more efficient and effective operational training.
We are very proud and profoundly appreciative of the team’s efforts in operationalizing these areas and look forward to continued successes in improved services for our valued customers!"
Harry, your message yesterday was quite specific, that the seller had nearly finished. It seems now that It was probably wishful thinking on your part. Am i missing something ?
The First Equity punter has just had a major wipe out in CMH. L so just maybe that affects his Car position.
There are no certainties in any situation, but so far he's been actively reducing his stake.
Let me know what your Crystal ball is telling you.
A series of buys at 20.4p or thereabouts this morning, and it looks like sells have been achieving 19.5p or above.
Not quite sure how you can justify your previous comment that he's nearly done, given that you now say "perhaps he keeps 6% or maybe he doesn't". !!!
From the previous RNS First Equity have been working their seller Black up on steady volume. Schroders has on the flip side increased his holding at the same time.
Perhaps he keeps the 6% or maybe he doesn't., it has however been a text book worked order.
Fingers crossed the momentum stays positive.
GLA
Sorry Warren, i was wrong to say they are coming on 11th July, i was stupidly looking at last year's date !
I admit I was wrong on the results date but where on the website does it say ?
Not sure why you would think that Harry, today's rns shows that William Black still has 6%. Or do you have reason for thinking that he is not looking to clear out of the stock completely ?
This is becoming very interesting prior to the results, if and it’s a big if they have picked up some new high margin specialist contracts we just might be in for some fireworks.
I have been sat on these shares since Covid so it’s about time they paid off!!
Very interesting, Harry. What's left to go, and at what price?
He's nearly done.
If the figs due are OK, these should re - rate.
I think this is correct. I asked IR about it because TradingView has been saying for weeks the results are due "today". They told me it would be July some time, as per the normal cadence for Carclo's annual report.
Warren, are you sure that the resulta are coming this week, the company's own website suggests that they will be coming on 11th July.
Totally agree with your other comments by the way, with a current market cap of only £15m this should prove to be a multi bagger on a 2 year view.
These results will be extremely important as it will mark the start of their turnaround.
Share price should hit 30p by the end of the year , personally I think if you wish to invest in this company this week is the last opportunity at sub 20p
It would be great to see all those things warren, but I am not expecting it at this stage. The company are in the midst of restructuring their largest division - the US - so I think it would be premature to expect beautiful fireworks at this stage. I am hoping for a positive update and perhaps guidance based on substantial and tangible progress made. Personally I do not think Carclo is a zombie company, or that we will have to wait many years to see the benefits come through. And I also believe Carclo operates in a growing industry with many avenues to growth. Great combination = low valuation, rising margins and growth. Good luck all..
Next week , you say, i thought that they were coming on 11th July, as per company calendar on their website.
Results next week and I am hoping for a blockbuster set of results .
Pension deficit down !
Debt down !
Revenue, probably down !
Profit through the roof !!!!!!!!
It is one thing trying to break into a mature market with its established supply chains and keen margins, quite another to enter an entirely new one with no incumbents and the opportunity to create moats of your own. There is no equivalence here. Perhaps I am entirely wrong - after all I have never asserted it is anything other than speculation - but I would be very disappointed if they were not at least to explore it with some meaningful, govt-backed R&D. Your negativity is perhaps down to bruising past experience, but I am optimistic for Carclo’s future.
With due respect to your other comment
The whole reason the company is in the mire today is because it stepped into a market it had no experience in: mid-volume car lighting
They need to hunker down and manage their cash tightly during this prolonged period of high interest rates
I do hope they survive but I fear they will be a zombie company for a good few years yet
DYOR indeed
The Head Office is moving from Ossett to Surrey
I would be very worried if the Mitcham office were to close as they need cash in the UK to meet their obligations to the bank and Pension Fund
Feels like this has to go down before it goes up again. Expecting a dip to 17p, 16p, 11p or even - though preferably not - 9p before it really takes off. And that could be explosive - back into the 70s at least, although my l-t target is 200p+.
Thanks for your reflections but at what point did I say high tech? In fact, I was quite explicit that the current trend in warfare is for cheap, disposable FPV drones, delivering mass. And that these are currently being produced in China, which is hardly a reliable procurement partner for NATO.
They will have to be sourced from somewhere for NATO, and reverse engineering a £40 drone from Shenzhen should not be beyond the wit of man. Carclo has several advantages to be at the forefront of this kind of R&D, and would benefit from billions of pounds of investment in that market from the UK govt if they did. There are not many firms who share those advantages, so they would have a head start if they were to pursue it.
And, if I may speak bluntly too, to suggest that just because one division of the conglomerate is not involved in an area that another is should forestall exploration of lucrative new markets is complete twaddle.
At any rate, I have never said this is anything other than postulation. I am not saying and never have that it is definitely happening. But it would be foolish of Frank and others not to look into it from an R&D perspective at the very least - especially as govt tax credits would cover a good deal of expense in doing so. And, who knows?, perhaps they'll partner with someone who's already done that R&D and offer their production capacity to produce parts. We are talking billions of pounds of new market here that they could easily tap into.
And they are closing their head office. This is not postulation, although you are quite at liberty not to believe me. As is often said on here, Bombast, DYOR.
Where did you hear they are moving their Surrey facility?
Their previous HO was in Ossett and housed a few Finance & IT staff.
Likewise I suspect you are way off the mark with your suggestion they repurpose to drones.
The CTP Division is not involved in aerospace and, speaking bluntly, the suggestion that just because they make technical plastic they can pivot to making hi-tech drones is as facetious as suggesting Lada can make Formula One cars
Surely must look attractive to some of the larger industrial players?