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Less than a month ago a “Trading Update” from castings and engineering company Chamberlin (CMH) included that ongoing orders from its machine shop's largest contract are likely to be a fraction of the original contract, though paid-for researcher Hardman still considered “the shares offer the opportunity to invest in a highly cyclical stock”! Today a further “Trading Update”, so alarm bells ringing... and intra-day (11:55am). Uh Oh...
Yesterday on castings and engineering company Chamberlin (CMH), here I noted a massive contract loss and financial red flags fluttering. Today an announcement of research “Chamberlin (CMH): Trading update ‒ main businesses performing solidly”. You what? Hardman is 'avin' a giraffe is it not?
Previously writing on castings and engineering company Chamberlin (CMH), in February with the shares at 24p I noted financials & Premier Miton concerns. Today a “Trading Update”... and the shares at 9.5p, a further more than 15% lower on the back of it...
Previously writing on castings and engineering group Chamberlin (CMH), in December I questioned do contract awards justify the current approaching 90% share price rise? – concluding, with the shares at more than 40p, I’ll monitor for some sustained improved trading momentum but the financials at this juncture see me certainly continue to avoid. There’s now followed attempted no-one watching o’clock “Trading Statement”, research update and “Holding(s) in Company” announcements…
Shares in specialist castings and engineering group, Chamberlin (CMH) are currently approaching 90% higher on the day, at more than 40p, on the back of two “Contract award” announcements…
From castings and engineering group Chamberlin (CMH), an intra-day (12:35pm) “Trading Update”. Uh oh…
Chamberlin (CMH) has announced results for the six months ended 30th September 2018 and that “the group is expected to deliver an improved performance in the second half”…
Results for its year ended 31st March 2018 from foundries and engineering company Chamberlin (CMH) emphasise “very encouraging revenue growth”, though “technical issues at foundry operations undermined margins although these issues are now largely resolved”. The following updates after a chat with management…
Updating in November with the shares at 66p, we noted results disappointment from specialist castings and engineering company Chamberlin (CMH) but that it looked worth holding on ahead of a further update. The shares are currently rising above 70p on a trading update for the company’s year ended 31st March…
Foundry and engineering group Chamberlin (CMH) has updated on “overall good levels of demand across the foundry and engineering businesses”, but that “margins within the group’s foundry businesses have been adversely affected by production issues”. The shares have, unsurprisingly, responded lower, but the potential value looks to justify a buy...
Chamberlin (CMH), a 105p offer price share tip from ourselves last month, has announced results for its year ended 31st March 2017 and that ongoing growth is “supported by major new contracts coming on stream”. The shares are now 154p! Who's Da Daddy???
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…
Having previously concluded with shares in foundries and engineering group Chamberlin (CMH) at 82.5p that I’d await further updates on the company's performance and outlook HERE, the following updates with the shares currently drifting below 70p post results for the six months ended 30th September 2015…
I previously updated on foundries and engineering group, Chamberlin (CMH) HERE, concluding at 85.5p that there looked long-term value, though present headwinds meant patience would likely remain required. The following updates post an AGM statement…
Having identified attractions as a recovery play at 73.5p a year ago (see HERE), shares in foundries and engineering group Chamberlin (CMH) exceeded 100p in November. However, now back at 85.5p following results for its year ended 31st March 2015, the following updates post a chat with management…
I previously commented on foundries and engineering group Chamberlin (CMH) in August – concluding, with the shares having reached 87p, that it looked to be a recovery buy starting to deliver. The following updates post recent interim results and a chat with management and with the shares now back above 100p, capitalising the company at close to £8 million.
In May I noted attractions as a recovery play in shares of foundry and engineering company Chamberlin plc (CMH) at a then 73.5p – see HERE. The following updates with the shares now up to 87p following an AGM trading update and subsequent director share purchase.
Foundry and engineering company Chamberlin plc (CMH) has reported a loss of £1.60 million for its year ended 31st March 2014 on revenue 8.6% lower, at £38.56 million, than in the prior year but emphasised a “significant improvement in performance in H2 - reflecting new management team's business turnaround initiatives”. With the shares having currently nudged higher to 73.5p on the back of the announcement, what is the recovery potential from here?
UK foundries and engineering group Chamberlin plc (CMH) reported results for the six months to 30th September 2013 earlier this week (which I commented on HERE) and the following updates with broker views and forecasts.
UK foundries and engineering group Chamberlin plc (CMH) has reported results for the six months to 30th September 2013 which it notes “reflects the difficult conditions in the foundry division, especially in the medium and heavy casting business. The performance at the light castings operation at Walsall was more resilient with revenues only marginally lower year-on-year. The group's engineering businesses, which account for 25% of group sales, delivered an increase in revenues”.
An initial review by the new management of specialist foundry and engineering company Chamberlin plc (CMH) has led them to anticipate that the company will now report a pre-tax loss for its year to 31st March 2014. House broker, Charles Stanley, has noted “this is a material reduction in expected performance and we now consider it prudent to assume also that the dividend will be passed”
Specialist foundry and engineering group Chamberlin (CMH) has announced the appointment of Kevin Nolan as Chief Executive with effect from 9th September and confirmed that David Roberts has today taken up the group Finance Director role. At a current 105p, the shares have recovered well in recent weeks having commenced last month at 76.5p and the following updates…
AIM-listed specialist castings and engineering group Chamberlin plc (CMH) has announced that, through his family trust, Chairman Keith Butler-Wheelhouse has acquired £20,664 of shares at an average price of just below 80p each. With the news helping the shares up to a current 81.5p from near 3 year lows of 76.5p, having started 2013 at 166.5p, is this the start of a share price recovery? The following updates…
AIM-listed specialist foundry and engineering group, Chamberlin plc (CMH) has announced the first half of its year to end March 2014 has to date “been tough” and that it expects to “deliver pre-tax profits materially below current market forecasts for the full year”...
AIM-listed specialist foundry and engineering company Chamberlin plc (CMH) has announced results for its year ended 31st March 2013. These show a 23% decline in adjusted pre-tax profit, to £1.28 million, on revenue 7% lower, at £42.20 million, compared to the prior year.
Chamberlin plc (CMH) is a UK-based specialist foundry and engineering group which myself and Tom Winnifrith have followed successfully previously – including Tom recommending, with the shares at 187.5p, on the back of a trading update in October that “given the short-term outlook, the safest play right now looks to be to take the profit and sell”.
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