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Chamberlin has announced its interim results and the disposal of its Petrel subsidiary for £3.0m, providing the group with the financial resources to focus on the strategic growth of its foundry and machining businesses.
Companies: Chamberlin plc
Cavendish
Companies: CMH MPL NMT
9th January 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objec
Companies: TEK SHOE SHOE STX SDX SNT KOO IUG FUM CMH CMH
Hybridan
15th December 2023 The Small Cap Team will take a break until Monday 8 January 2024 after today. Merry Christmas to all our readers. @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in
Companies: CMH WINE GTC SOS ROAD ARK KIBO
Companies: CMH RUA IQG SBTX
Chamberlin Plc, the specialist castings and engineering group has announced a conditional placing to raise £360k (gross). The net proceeds will provide working capital to take advantage of one off RDC's competitors entering administration, whilst also accelerating the continued growth strategy and strengthening the Group's balance sheet. We reaffirm our Buy rating.
26th May 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectiv
Companies: TEK ECHO CMH
Chamberlin has announced the exchanging of contracts for the sale and leaseback of the Group's remaining freehold property in Walsall, with proceeds totalling £2.2 million. The deal is expected to take place on 16 June 2023.
28 February 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objec
Companies: SSTY NSCI TXG TXG CPX CMH IGE
Chamberlin has released interim results reaffirming continued progress towards recovery, with LFL revenue rising by 32% to £10.5m. The material rise in revenue is largely attributable to the uplift in Petrel's operational performance and which is supported by a strong order book. Despite the growth in revenues, underlying loss before tax for the period was £(0.3)m, contributed by macro headwinds. Through price ups and cost saving measures, inflationary pressures have been negated, placing the Gr
Chamberlin has raised £0.65m via an equity placing and subscription to strengthen the balance sheet and fund growth opportunities. Having completed a substantial restructuring in FY21, Chamberlin delivered its first PAT for 5 years in FY22A and by FY23E, expects all business divisions to be profitable at the operating level. We believe Chamberlin is now commencing upon a period of significant growth, with the company pursuing a diversified range of new opportunities, from manufacturing orders in
Chamberlin's road to recovery continued during the year with revenue of £16.8m, exceeding our forecast. The uplift in revenue was fuelled by the continued momentum in the RDC and Petrel divisions, despite the challenging market backdrop. However, adj EBITDA of £(0.4)m was below our forecast of £0.2m which is a reflection of the headwinds facing the automotive sector. Chamberlin have taken proactive steps during the year to bolster the Group's financial position, including a £1.6m equity raise (n
8 July 2022 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectives
Companies: LIT CMH IOF EMIS SIS TGP HAYD ONC
Chamberlin's trading update for the full year to 31 May 2022 describes a continued strengthening of the Group's operations driven by the recent change in the Group's strategy. The Group has reported an unaudited revenue of £16.5m which is broadly in line with our previous forecast; however, Adj EBITDA is expected to be £0.2m, behind our initial £0.5m forecast. This miss was largely due to the unanticipated reduction in demand in the automotive segment of Chamberlin which was driven by industry w
Chamberlin has announced the exchange of contracts on a sale and leaseback of its freehold property held by Russell Ductile Castings (RDC) with Prospect Estates Limited. The £1.25m sale proceeds are to be used to reduce the Group's pension fund deficit whilst also improving the working capital position. We upgrade our FY22E forecasts to reflect a £0.1m profit on sale, with EBITDA increasing by 12%. We reaffirm our Buy rating.
Research Tree provides access to ongoing research coverage, media content and regulatory news on Chamberlin plc. We currently have 0 research reports from 5 professional analysts.
Since November, the JOG share price has moderated from a high of 250p to current levels of 149.5p. This is despite JOG having now made significant progress towards FID on its c.70mmboe Buchan project, with FID upcoming later this year. In our view this share price move is unjustified, with current levels further enhancing the value on offer, and making an attractive opportunity for investors.
Companies: Jersey Oil & Gas PLC
Zeus Capital
i3 Energy has announced that it has refinanced its Trafigura straight-line amortising facility with a traditional RBL facility provided by a Canadian chartered bank. We believe that i3 Energy's shareholders stand to benefit considerably from the restructured balance sheet because it is significantly better adapted to the company's needs, in our opinion. We believe the new RBL facility will free funds for growth and provide better long-term balance sheet stability, while significantly reducing in
Companies: i3 Energy Plc
WHIreland
i3 has announced a refinancing of its C$75m Trafigura debt facility, increasing liquidity for the company to pursue further growth initiatives. i3 has also announced its end 2023 reserves update, showing significant replacement of production during the year.
Diversified Energy, Touchstone Exploration, Savannah Energy, Chariot, Plexus Holdings, Energean, Gulf Keystone Petroleum, PetroTal Corp, Ithaca Energy, Pantheon Resources, Serinus Energy, Angus Energy, Aker BP, Equinor, BlueNord ASA, Invictus Energy Source: FactSet, weekly change 18/03/24-22/03/24 Oil edged lower to settle below $81 a barrel after a stronger dollar curbed investor appetite for commodities, offsetting signs of a tighter global crude market. Refined product supplies are looking m
Companies: TXP POS SAVE DEC CHAR
Companies: Good Energy Group PLC
Canaccord Genuity
Results demonstrate Bretana cash flows that allow growth CAPEX and dividends. PetroTal has produced a solid set of 2023 results. These show the cash flow generating capability of the company’s Bretana field in Peru, which enables PetroTal to both expend growth CAPEX while also making material returns to shareholders.
Companies: PetroTal Corp.
Companies: FOG PEB KBT EMR TIME GETB JNEO
The company's business structure is evolving and diversifying into several compelling and complementary businesses. The opportunistic, potential sale of its producing shallow assets would represent a significant change and the company's openness to realise value from that sale speaks to the company's prioritisation of shareholder interests and shareholder value creation. The current year will be significant for many of the company's growth businesses as they establish their first significant com
Companies: Caspian Sunrise PLC
• YE23 2P reserves were estimated at 11.8 mmboe, including 0.7 mmboe for Canada and 4.6 mmboe non-core, leaving 6.5 mmboe for the company’s core Colombian assets. This compares with 2.1 mmbbl at YE23 plus 3.9 mmbbl for Carrizales Norte reported in September for a total of 6 mmbbl. Adding back 0.6 mmbbl (net) produced at Tapir in 2023 suggests that Arrow has added 1.1 mmbbl at its core Colombian assets since the latest reserve reports (September 2023 for Carrizales Norte and YE23 for the other a
Companies: Arrow Exploration Corp.
Auctus Advisors
Central Asia Metals (CAML LN) reported full year earnings with net revenue of US$197m down 12% YoY (-1% against VSA estimate) owing to lower commodity prices and modestly lower output albeit comfortably within guidance. EBITDA of US$97m was down 27% YoY marginally below our estimate as the lower top line combined with inflationary pressure. However, group COGS ex-D&A increased 8% YoY, far lower than in-country inflation. A flagged increase in taxation in Kazakhstan meant that net income was US$3
Companies: Central Asia Metals Plc
VSA Capital
Companies: Diversified Energy Company PLC
Tennyson Securities
• FY23 production, YE23 net cash and YE23 reserves and resources had been reported previously. • The FY24 production guidance of 21.5-24.5 mbbl/d with US$205-235 mm opex and US$135-155 mm capex has been re-iterated. • Current production continues to be high, with average production for the first half of March of ~23,000 bbl/d, including ~7.9 mbbl/d for Jasmine, 7.2 mbbl/d for Nong Yao, 2.9 bbl/d for Manora and 4.9 mbbl/d for Wassana. Production at Wassana is particularly high. • Valeura will als
Companies: Valeura Energy Inc.
Companies: PMG DUKE CMCL BOOM
Companies: FOG TND BVXP ACC HDD
Companies: Pantheon Resources plc
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