Thursday 17 August 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares

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

Filed under:

Never miss a story.

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

More on CMH


Comments are turned off for this article.

Site by Everywhen