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Chamberlin - positive trading update, a good share tip prospers

By Steve Moore & Tom Winnifrith | Sunday 16 April 2017


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Recent 105p offer price  Nifty Fifty share tip, Chamberlin (CMH) has updated on trading – including that, following “a strengthened performance in the second half” of its year ended 31st March 2017, underlying profitability will be ahead of the prior year and “in line” with current market forecasts…

The announcement adds that its new machining facility in Walsall was officially opened at the end of March and is expected to help drive additional growth opportunities as well as support existing contracts, that, as planned, the foundry in Leicester is now out of production, with a decommissioning process anticipated to conclude by the end of 2017 and that “the outlook for Chamberlin's continuing progress remains very positive”.

This follows the initial recommendation noting forecasts of a full-year adjusted pre-tax profit comfortably ahead of the prior year £0.51 million, then rising towards £2 million as particularly Walsall contract wins begin to materially flow through.

We thus now look for further confidence to be provided in the results announcement “towards the end of May” and, ahead of that at the current approaching 110p and up to 115p, continue to rate the shares a buy.

This article first appeared on the Nifty Fifty website which Tom Winnifrith runs with Steve Moore & Lucian Miers. To access the website ahead of the next share tips from Tom & Steve and more from Lucian next week click HERE


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