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Cars at Night Shine Big and Bright Thanks to Carclo.

By Malcolm Stacey | Wednesday 9 March 2016


Disclosure: I own shares in one or more of the stocks mentioned. 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.


Hello Share Fanciers. Car designs do not change very much. Apart from the electric hybrids, the petrol driven technology hasn't really altered since they first hit our roads at the end of the nineteenth century. And now motors nearly all look alike.

But one thing that does seem to have made a fairly dramatic change is car lights. They're turning into the nobbly multi-eyed monsters of LED bulbs. Which really cheers a person like me who is always allowing the car battery to flatten, just because I left some hungry lights on.

The new LED lights seem brighter and use far less power. A West Yorkshire company which is exploiting this energetic change is Carclo (CAR). It explores, designs, develops and makes the new lights and provide them for really expensive cars like Aston Martins and Buggatis.

The company also produces sophisticated plastics used in medical devicies, and you've probably gleaned by now that I think many providers of medical stuff are in for prosperous futures, as we all live longer while gathering new ailments.

Oh, and Carclo has a world market for its state-of-the-art plastic bits for the booming electrical and telecom industries, too.

The company has had a harum scarum few years. Three years ago the shares were tickling 500p. Then came disaster and at the end of 2014 they were in penny share territory at 96p. Now they are 130p. But I see no reason why the firm will not learn from past misfortune. The company, begun in 1925, is a brave innovator in a world that seems to require more and more fancy technology by the day.

Carclo suffered its first pre-tax loss in at least four years when it reported about a year ago. But as I mentioned earlier, it is really beginning to benefit from a growing demand for its lighting. And that demand comes from top-of-the-range cars, which I think I remember reading, are building up long waiting lists from an expanding army of very rich customers.

The yield is about 2%. but that is expected to grow to 3% this year.

While I yield myself to the delights of the Punter's Return.


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Comments

4 comments

  1. “cars all look alike” ……………… then ……………..“should have gone to specsavers”

  2. I see your the only one who still gets up in the morning these days :-)

  3. I suppose, Wilders, that I’m thinking about the days when we had Morris 1000’s, Triumph Heralds and 2CV’s. Rocking on.

  4. Cars all look alike? Does the Lamborghini Aventador really look like the Vauxhall Adam? Bentley GT looks very similar to Skoda Yeti. Absolute nonsense, we’re in an era where cars, from one brand to another, look very different. Where they look similar is when they are from the same stable, Audi A4 and Audi A8 perhaps, or BMW X3 and X5, similar shapes but different sizes. In the early part of the 20th century you could argue they all look similar…


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